<SUBMISSION>
<ACCESSION-NUMBER>0000007694-04-000179
<TYPE>10-K
<PUBLIC-DOCUMENT-COUNT>20
<PERIOD>20040930
<FILING-DATE>20041214
<DATE-OF-FILING-DATE-CHANGE>20041214
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ASHLAND INC
<CIK>0000007694
<ASSIGNED-SIC>5160
<IRS-NUMBER>610122250
<STATE-OF-INCORPORATION>KY
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-K
<ACT>34
<FILE-NUMBER>001-02918
<FILM-NUMBER>041201726
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>50 E. RIVERCENTER BOULEVARD
<CITY>COVINGTON
<STATE>KY
<ZIP>41012
<PHONE>6068153333
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>50 E. RIVERCENTER BOULEVARD
<CITY>COVINGTON
<STATE>KY
<ZIP>41012
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ASHLAND OIL INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ASHLAND OIL & REFINING CO
<DATE-CHANGED>19700806
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>form10k1204.txt
<DESCRIPTION>FORM 10-K PERIOD ENDED 9-30-2004
<TEXT>
============================================================================

                               UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549

                               -------------

                                 FORM 10-K

                     FOR ANNUAL AND TRANSITION REPORTS
                  PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                      SECURITIES EXCHANGE ACT OF 1934

           (Mark One)
           |X|  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934

               For the fiscal year ended September 30, 2004

                                     OR
           |_|  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                THE SECURITIES EXCHANGE ACT OF 1934

          For the transition period from _________ to ___________


                       Commission file number 1-2918

                                ASHLAND INC.
                          (a Kentucky corporation)
                           I.R.S. No. 61-0122250

                        50 E. RiverCenter Boulevard
                                P.O. Box 391
                       Covington, Kentucky 41012-0391
                      Telephone Number (859) 815-3333

              Securities Registered Pursuant to Section 12(b):

                                                 Name of each exchange
            Title of each class                  on which registered
            -------------------                  -------------------
Common Stock, par value $1.00 per share         New York Stock Exchange
                                               and Chicago Stock Exchange
Rights to purchase Series A Participating       New York Stock Exchange
     Cumulative Preferred Stock                and Chicago Stock Exchange

      Securities Registered Pursuant to Section 12(g) of the Act: None

     Indicate  by check  mark  whether  the  registrant  (1) has  filed all
reports  required  to be filed  by  Section  13 or 15(d) of the  Securities
Exchange  Act of 1934 during the  preceding  12 months (or for such shorter
period that the Registrant was required to file such reports),  and (2) has
been subject to such filing  requirements  for the past 90 days. Yes |X| No
|_|
     Indicate by check mark if disclosure of delinquent  filers pursuant to
Item  405 of  Regulation  S-K is not  contained  herein,  and  will  not be
contained,  to the best of Registrant's  knowledge,  in definitive proxy or
information  statements  incorporated by reference in Part III of this Form
10-K or any amendment to this Form 10-K. |X|
     Indicate by check mark whether the Registrant is an accelerated  filer
(as defined in Rule 12b-2 of the Act). Yes |X| No |_|
     At March 31, 2004, based on the New York Stock Exchange closing price,
the aggregate  market value of voting stock held by  non-affiliates  of the
Registrant was  approximately  $3,249,782,427.  In determining this amount,
the  Registrant  has assumed that its directors and executive  officers are
affiliates.  Such assumption  shall not be deemed  conclusive for any other
purpose.
     At November 30, 2004,  there were  71,941,455  shares of  Registrant's
common stock outstanding.
                    DOCUMENTS INCORPORATED BY REFERENCE
     Portions of  Registrant's  definitive  Proxy Statement for its January
27, 2005 Annual Meeting of Shareholders  are incorporated by reference into
Part III.



<PAGE>


                             TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                      Page
<S>                    <C>          <C>                                                               <C>
         PART I
                       Item 1.      Business.......................................................     1

                                      Corporate Developments.......................................     2

                                      APAC.........................................................     2

                                      Ashland Distribution.........................................     3

                                      Ashland Specialty Chemical...................................     3

                                      Valvoline....................................................     4

                                      Refining and Marketing.......................................     5

                                      Miscellaneous................................................     8

                       Item 2.      Properties.....................................................    12

                       Item 3.      Legal Proceedings..............................................    12

                       Item 4.      Submission of Matters to a Vote of Security Holders............    14

                       Item X.      Executive Officers of Ashland .................................    14


         PART II
                       Item 5.      Market for Registrant's Common Equity, Related Stockholder
                                       Matters and Issuer Purchases of Equity Securities...........    15

                        Item 6.     Selected Financial Data........................................    15

                        Item 7.     Management's Discussion and Analysis of Financial
                                       Condition and Results of Operations.........................    15

                        Item 7A.    Quantitative and Qualitative Disclosures about Market Risk.....    15

                        Item 8.     Financial Statements and Supplementary Data....................    15

                        Item 9.     Changes in and Disagreements With Accountants
                                       on Accounting and Financial Disclosure......................    15

                        Item 9A.    Controls and Procedures........................................    16

                        Item 9B.    Other Information..............................................    16


         PART III
                        Item 10.    Directors and Executive Officers of the Registrant.............    16

                        Item 11.    Executive Compensation.........................................    16

                        Item 12.    Security Ownership of Certain Beneficial
                                       Owners and Management and Related Stockholder Matters.......    16

                        Item 13.    Certain Relationships and Related Transactions.................    17

                        Item 14.    Principal Accountant Fees and Services.........................    17


         PART IV
                        Item 15.    Exhibits and Financial Statement Schedules.....................    17

</TABLE>

<PAGE>


                                   PART I


ITEM 1. BUSINESS

     Ashland Inc. is a Kentucky corporation, organized on October 22, 1936,
with  its  principal   executive  offices  located  at  50  E.  RiverCenter
Boulevard,  Covington,  Kentucky 41011 (Mailing Address:  50 E. RiverCenter
Boulevard, P.O. Box 391, Covington,  Kentucky 41012-0391) (Telephone: (859)
815-3333).  The terms  "Ashland" and the  "Company" as used herein  include
Ashland Inc. and its  consolidated  subsidiaries,  except where the context
indicates otherwise.

     Ashland's  businesses are grouped into five industry  segments:  APAC,
Ashland  Distribution,  Ashland Specialty Chemical,  Valvoline and Refining
and  Marketing.  Financial  information  about these segments for the three
fiscal years ended  September 30, 2004, is set forth on pages F-26 and F-27
of this annual report on Form 10-K.

     APAC  performs  asphalt  and  concrete  contract   construction  work,
including  highway paving and repair,  excavation  and grading,  and bridge
construction,  and produces asphaltic and ready-mix concrete, crushed stone
and other aggregate in the southern and mid-continent United States.

     Ashland  Distribution  distributes  chemicals,  plastics and resins in
North America and plastics in Europe.  Ashland  Distribution  also provides
environmental services.

     Ashland  Specialty  Chemical  is  focused on two  primary  businesses:
thermoset  resins and water  technologies.  It is a, worldwide  supplier of
specialty chemicals serving industries including building and construction;
commercial and  institutional  water treatment;  graphic arts and printing;
industrial  water   treatment;   marine;   metal  casting;   packaging  and
converting; pulp and paper; recreational marine; and transportation.

     Valvoline is a producer and marketer of premium packaged motor oil and
automotive chemicals, including appearance products,  antifreeze,  filters,
and automotive fragrances.  In addition,  Valvoline is engaged in the "fast
oil change" business through outlets  operating under the Valvoline Instant
Oil Change(R) name.

     Marathon Ashland Petroleum LLC ("MAP"),  a joint venture with Marathon
Oil Company ("Marathon"),  operates seven refineries with a total crude oil
refining  capacity  of  948,000  barrels  per  day.  Refined  products  are
distributed  through a network of independent and company-owned  outlets in
the Midwest,  the upper Great Plains and the  southeastern  United  States.
Marathon  holds a 62% interest in MAP, and Ashland  holds a 38% interest in
MAP. Ashland accounts for its investment in MAP using the equity method.

     At September 30, 2004,  Ashland and its consolidated  subsidiaries had
approximately 21,200 employees (excluding contract employees).

     Available Information.  Ashland's Internet address is www.ashland.com.
There, Ashland makes available,  free of charge, its annual reports on Form
10-K,  quarterly reports on Form 10-Q, current reports on Form 8-K, and any
amendments to those reports as well as any beneficial  ownership reports of
officers and directors filed  electronically  on Forms 3, 4 and 5. All such
reports will be available as soon as reasonably  practicable  after Ashland
electronically files such material with, or furnishes such material to, the
Securities and Exchange Commission  ("SEC").  Ashland also makes available,
free of charge on its website, its Corporate Governance  Guidelines;  Board
Committee Charters;  Director Independence Standards;  and Code of Business
Conduct for  directors,  officers and employees.  These  documents are also
available  in  print  to  any  shareholder  who  requests  it.  Information
contained  on Ashland's  website is not part of this annual  report on Form
10-K and is not incorporated by reference in this document.

     Ashland has designated a Presiding Director of the Board of Directors,
whose primary  responsibility is to preside over regular executive sessions
of the Board in which management  directors and other members of management
do not  participate.  The  Presiding  Director is an  independent  director
appointed  by the Board.  The  non-management  directors  of the Board have
designated  Mr.  Solso to serve in this  capacity  through  Ashland's  2006
Annual  Meeting.   Shareholders  and  others  interested  in  communicating
directly with the Board, the Presiding Director,  with a specific member of
the Board or a Committee of the Board, or with the non-management directors
as a group may do so by writing to the Presiding Director, Ashland Inc., 50
E. RiverCenter  Boulevard,  P.O. Box 391, Covington,  Kentucky  41012-0391,
Attn: Secretary.  Communications directed to the Presiding Director will be
reviewed by the Secretary and distributed to the Presiding Director as well
as to other individual directors, as appropriate,  depending on the subject
matter  and  facts  and  circumstances  outlined  in  such  correspondence.

<PAGE>

Communications  that are not related to the duties and  responsibilities of
the Board,  or are  otherwise  inappropriate,  will not be forwarded to the
Presiding Director,  although all communications directed to the Board will
be available to any director upon request.

                           CORPORATE DEVELOPMENTS


     On March 19, 2004, Ashland announced the signing of an agreement under
which  it  would  transfer  its 38%  interest  in MAP and two  wholly-owned
businesses to Marathon in a transaction structured to be generally tax free
and valued at  approximately  $3.0 billion.  The two other  businesses  are
Ashland's  maleic  anhydride  business and 61 Valvoline  Instant Oil Change
("VIOC")  centers.   The  transaction  is  subject  to  several  previously
disclosed conditions, including approval by Ashland's shareholders, consent
from  Ashland's  public debt  holders  and  receipt of a favorable  private
letter ruling from the Internal Revenue Service ("IRS") with respect to the
tax treatment of the transaction. Ashland has filed registration statements
and  proxy  materials  with  the  SEC and is  responding  to  comments.  In
addition,  Ashland  submitted  a request  to the IRS for a  private  letter
ruling  on  the  tax-free  status  of  the  proposed  transaction.  Ashland
continues  to discuss the complex  tax issues  related to this  transaction
with the IRS.  Ashland  has not  resolved  all  issues  with the IRS and is
exploring  alternatives  for the resolution of these issues.  At this time,
Ashland cannot predict whether the requested  rulings will be received.  If
the requested  rulings are not received,  the transaction  would have to be
modified or  terminated.  In any event,  Ashland  does not  believe  that a
transaction will close earlier than March 2005.


                                    APAC

     The Ashland Paving And Construction,  Inc. group of companies ("APAC")
is one of the nation's largest transportation  construction contractors and
is a major supplier of construction  materials.  APAC performs construction
work,  such  as  paving,  repairing  and  resurfacing  highways,   streets,
airports, residential and commercial developments, sidewalks and driveways,
and  grading  and  base  work.  In  addition,   it  performs  a  number  of
construction  services  such as  excavation  and related  activities in the
construction of bridges and structures, drainage facilities and underground
utilities.  APAC conducts its business through 24  market-focused  business
units and a Major Projects Group operating in 14 southern and mid-continent
states.  These business units provide  construction  services and materials
throughout the regions in which they operate.  The market-focused  business
units  and  Major   Projects   Group  are  supported  by   management   and
administrative staff in Atlanta, Georgia.

     To  deliver  its  services  and  products,   APAC  utilizes  extensive
aggregate-producing properties and construction equipment. It currently has
93 aggregate production facilities, including 36 permanent operating quarry
locations;  31 ready-mix concrete plants; 226 hot-mix asphalt plants; and a
fleet of over 13,000 mobile equipment units,  including heavy  construction
equipment and  transportation-related  equipment.  In certain market areas,
APAC  is  vertically  integrated  with  asphalt,  aggregate  and  ready-mix
operations, all complementing each other.

     Raw  materials  and  aggregate  generally  consists  of sand,  gravel,
granite,  limestone and sandstone.  About 29% of the aggregate  produced by
APAC is used in APAC's own contract construction work and the production of
various processed  construction  materials.  The remainder is sold to third
parties. APAC also purchases  substantial  quantities of raw aggregate from
other  producers  whose  proximity to the job site renders it  economically
attractive.  Most other materials,  such as liquid asphalt, Portland cement
and reinforcing steel, are purchased from third parties.

     Approximately   78%  of  APAC's  sales  and  operating   revenues  are
construction  revenues,  with  the  remaining  22%  coming  from  sales  of
construction  materials.  Approximately 82% of APAC's construction revenues
are derived directly from highway and other public sector sources, with the
remaining 18% coming from  industrial and commercial  customers and private
developers.

     Climate and weather  significantly  affect revenues and margins in the
construction  business.  Due  to  its  location,  APAC  tends  to  enjoy  a
relatively long  construction  season.  Most of APAC's  operating income is
generated during the construction period of May to October.

     Total backlog at September  30, 2004,  was $1,746  million  (including
APAC's $19 million proportionate share of work related to an unconsolidated
equity joint  venture),  compared to $1,745  million at September 30, 2003.
APAC  includes a  construction  project in its  backlog  when a contract is
awarded or a firm letter of commitment is obtained and funding is in place.
The backlog at September 30, 2004, is considered  firm, and a major portion
is expected to be completed during fiscal 2005.


                                     2

<PAGE>

OTHER MATTERS

     For  information  on APAC and  federal,  state and local  statutes and
regulations governing releases into, or protection of, the environment, see
"Item 3. Legal  Proceedings  -  Environmental  Proceedings"  in this annual
report on Form 10-K.

                            ASHLAND DISTRIBUTION

     Ashland  Distribution  distributes  chemicals,  plastics and resins in
North America and plastics in Europe. Suppliers include many of the world's
leading  chemical  manufacturers.   Ashland  Distribution   specializes  in
providing mixed truckloads and less-than-truckload  quantities to customers
in a wide range of industries. Deliveries are facilitated through a network
of owned or leased  facilities  including 126  locations in North  America.
Distribution of thermoplastic resins in Europe is conducted in 13 countries
primarily  through  17  third-party  warehouses  and one  owned  warehouse.
Ashland Distribution operates in the following major market segments:

     Chemicals - Ashland Distribution  distributes specialty and industrial
chemicals, additives and solvents to industrial users in the United States,
Canada,  Mexico and Puerto Rico as well as some export operations.  Markets
served  include the paint and coatings,  personal  care,  inks,  adhesives,
polymer,  rubber,  industrial and  institutional  compounding,  automotive,
appliance and paper industries.

     Plastics - Ashland  Distribution offers a broad range of thermoplastic
resins and specialties to processors in the United States,  Canada,  Mexico
and  Puerto  Rico as well as some  export  operations.  Processors  include
injection molders,  extruders, blow molders and rotational molders. Ashland
Distribution also provides plastic material transfer and packaging services
and    less-than-truckload    quantities   of   packaged    thermoplastics.
Additionally,  Ashland Distribution markets a broad range of thermoplastics
to  processors  in Europe via  distribution  centers  located  in  Belgium,
Denmark,   England,   Finland,   France,   Germany,   Ireland,  Italy,  the
Netherlands, Norway, Poland, Portugal, Spain and Sweden.

     Composites  -  Ashland  Distribution   supplies  mixed  truckload  and
less-than-truckload   quantities   of   polyester   thermosetting   resins,
fiberglass  and  other  specialty  reinforcements,   catalysts  and  allied
products to  customers  in the  reinforced  plastics  and  cultured  marble
industries  through   distribution   facilities  located  throughout  North
America.

     Environmental  Services - Working in  cooperation  with chemical waste
service companies, Ashland Distribution provides customers with collection,
disposal and  recycling  of  hazardous  and  non-hazardous  waste  streams.
Services  are  offered  through a North  American  network  of more than 30
distribution centers,  including 10 storage facilities that have been fully
permitted by the United States Environmental Protection Agency ("USEPA").

     On August 31, 2004, Ashland  Distribution entered into an agreement to
sell its  ingestibles  line of business - which  includes food and beverage
additives and  pharmaceutical  actives and excipients.  Ashland expects the
transaction to be completed by January 31, 2005.

                         ASHLAND SPECIALTY CHEMICAL

     Ashland  Specialty  Chemical  is  focused on two  primary  businesses:
thermoset  resins and water  technologies.  It is a  worldwide  supplier of
specialty chemicals serving industries including building and construction;
commercial and  institutional  water treatment;  graphic arts and printing;
industrial  water   treatment;   marine;   metal  casting;   packaging  and
converting;  power  generation;  pulp and  paper;  recreational  marine and
transportation.   Ashland   Specialty   Chemical   owns  and   operates  38
manufacturing   facilities  and  participates  in  12  manufacturing  joint
ventures in 19 countries.

THERMOSET RESINS

     Composite  Polymers - This  business  group  manufactures  and sells a
broad range of  corrosion-resistant,  fire-retardant,  general-purpose  and
high-performance  marine  grades of  unsaturated  polyester and vinyl ester
resins and gel coats for the  reinforced  plastics  industry.  Key  markets
include  the  transportation,  construction  and  marine  industries.  This
business group has  manufacturing  plants in  Jacksonville  and Fort Smith,
Arkansas;  Los  Angeles,   California;   Bartow,  Florida;  Pittsburgh  and
Philadelphia,  Pennsylvania;  Johnson Creek,  Wisconsin;  Kelowna,  British
Columbia,  Canada; Kunshan,  China; Porvoo and Lahti, Finland;  Sauveterre,
France;  Miszewo,  Poland;



                                     3




<PAGE>

Benicarlo,  Spain;  and, through separate joint ventures has  manufacturing
plants in Sao Paolo,  Brazil, and Jeddah, Saudi Arabia. This business group
also manufactures  products through an Ashland Specialty  Chemical facility
located  in  Mississauga,   Ontario,   Canada.   Composite   Polymers  also
manufactures  maleic  anhydride in Neal, West Virginia,  and markets maleic
anhydride in North America.  For  information on the transfer of the maleic
business as part of the proposed  transfer of Ashland's 38% interest in MAP
to Marathon, see "Item 1. Business - Corporate Developments" in this annual
report on Form  10-K.  In  November  2004  this  business  group  signed an
agreement to purchase the  DERAKANE(TM)  epoxy vinyl ester resins  business
(which  includes  the  DERAKANE  MOMENTUM(TM)  product  line)  from The Dow
Chemical Company in a cash transaction valued at approximately $92 million.
The closing of the transaction,  which is anticipated to take place in late
calendar  2004 or early  2005,  is  conditional  upon a number of  standard
closing conditions, including several regulatory reviews.

     Casting  Solutions - This business group  manufactures and sells metal
casting  chemicals   worldwide,   including   sand-binding  resin  systems,
refractory  coatings,  release agents,  engineered sand additives and riser
sleeves.  This group also provides  casting process  modeling,  core making
process modeling and rapid prototyping services. This business group serves
the  global   metal   casting   industry   from  nine  owned  and  operated
manufacturing  sites, which include factories located in Campinas,  Brazil;
Mississauga,  Ontario,  Canada;  Changzhou,  China;  Milan,  Italy;  Alava,
Cantabria, Spain;  Kidderminster,  England and Cleveland East and Cleveland
West, Ohio.  Casting  Solutions also has eight joint venture  manufacturing
facilities located in Vienna,  Austria; Pons and Le Goulet, France; Bendorf
and Wuelfrath,  Germany; Ulsan, South Korea; Alvsjo, Sweden and St. Gallen,
Switzerland.

     Specialty  Polymers and Adhesives - This business  group  manufactures
and  sells   adhesive   solutions  to  the   building   and   construction,
transportation,  and packaging and converting markets. Key technologies and
markets include:  emulsion polymer isocyanate adhesives for structural wood
bonding;  elastomeric  polymer adhesives and butyl rubber roofing tapes for
commercial   roofing   applications;   polyurethane  and  epoxy  structural
adhesives  for  bonding   fiberglass   reinforced   plastics,   composites,
thermoplastics  and  metals in  automotive,  recreational,  and  industrial
applications; specialty phenolic resins for paper impregnation and friction
material bonding;  induction  bonding systems for thermoplastic  materials;
acrylic polymers for pressure-sensitive  adhesives;  urethane adhesives for
flexible  packaging  applications;  and  hot  melt  adhesives  for  various
packaging  applications.  It has  manufacturing  plants  in  Calumet  City,
Illinois; Norwood and Totowa, New Jersey; Ashland and Columbus, Ohio; White
City, Oregon; and Kidderminster, England.

WATER TECHNOLOGIES

     Drew Industrial - This business group supplies  specialized  chemicals
and  consulting  services for  treatment of boiler  water,  cooling  water,
steam,  fuel and waste  streams.  It also  supplies  process  chemicals and
technical  services  to the  pulp  and  paper  and  mining  industries  and
additives  to  manufacturers  of latex and paint.  It  conducts  operations
throughout  North  America,  Europe and the Far East and has  manufacturing
plants in Kearny,  New  Jersey;  Houston,  Texas;  Ajax,  Ontario,  Canada;
Viiala,  Finland;   Somercotes,   England;  Chester  Hill,  Australia;  and
Singapore;  and, through separate joint ventures, has production facilities
in Seoul, South Korea and Navi Mumbai, India.

     Drew Marine - This  business  group  supplies  technical  products and
services for the global marine  industry.  Products and services  worldwide
include a  comprehensive  line of  marine  chemicals  and  water  treatment
testing,   sealing  products,   welding  and  refrigeration  products,  and
firefighting,  safety and rescue  products for the world's  merchant marine
fleet.

OTHER MATTERS

     For information on Ashland Distribution and Ashland Specialty Chemical
and federal,  state and local statutes and regulations  governing  releases
into,  or  protection  of,  the  environment,   see  "Item  1.  Business  -
Miscellaneous  -  Environmental  Matters" and "Item 3. Legal  Proceedings -
Environmental Proceedings" in this annual report on Form 10-K.

                                 VALVOLINE

     Valvoline is a marketer of  premium-branded  automotive and commercial
lubricants,   automotive  chemicals,  automotive  appearance  products  and
automotive   services,   with  sales  in  more  than  100  countries.   The
Valvoline(R)  trademark was federally  registered in 1873 and is the oldest
trademark for lubricating oil in the United States.


                                     4

<PAGE>

     Valvoline markets the following key brands of products and services to
the  private  passenger  car  and  light  truck  and  commercial   markets:
Valvoline(R) lubricants,  synthetic SynPower(R) automotive chemicals; Eagle
One(R)  automotive  appearance  products;  Zerex(R)  antifreeze;  Pyroil(R)
automotive  chemicals;  MaxLife(R)  automotive  products for vehicles  with
75,000 miles or more; Premium Blue(R)  commercial  lubricants and Valvoline
Instant Oil Change(R) automotive services.

     In North America,  Valvoline is comprised of the following  three core
businesses:

     Do It  Yourself  ("DIY")  - The DIY  business  group  sells  Valvoline
products to consumers who perform their own auto maintenance through retail
auto parts stores, mass merchandisers, and warehouse distributors and their
affiliated jobber stores such as NAPA and Carquest.

     Do It For  Me  ("DIFM")  - The  DIFM  business  unit  sells  Valvoline
products to  installers  (such as car dealers  and quick  lubes)  through a
network of independent  distributors  and five  company-owned  and operated
"direct  market"  operations.  This business also includes a chain of quick
lubes  branded   "Valvoline   Express   Care(R),"  which  consists  of  348
independently owned and operated stores. The DIFM business group also has a
strategic  alliance  with  Cummins  Engine  Company,  Inc.  ("Cummins")  to
distribute heavy duty lubricants to the commercial market.

     Valvoline   Instant  Oil  Change(R)  - VIOC  is  one  of  the  largest
competitors  in the  expanding  U.S.  "fast oil change"  service  business,
providing  Valvoline  with a  significant  share of the DIFM segment of the
passenger  car and light truck motor oil market.  As of September 30, 2004,
360 company-owned  and 397 franchised  service centers were operating in 39
states. (For information on the inclusion of 61 VIOC centers as part of the
proposed  transfer of Ashland's 38% interest in MAP to Marathon,  see "Item
1. Business - Corporate  Developments" in this annual report on Form 10-K.)
VIOC has continued its customer service innovation through its upgraded and
enhanced  preventive  maintenance  tracking  system for consumers and fleet
operators.  This  computer-based  system  maintains  service records on all
customer  vehicles and contains a database on all car models,  which allows
service  technicians  to make  service  recommendations  based  on  vehicle
owner's manual recommendations.

     Outside  North  America,  Valvoline is comprised of one core  business
group:

     Valvoline  International - Valvoline  International markets Valvoline-
and Eagle One- branded  products  through  wholly-owned  affiliates,  joint
ventures,   licenses,  and  independent   distributors  in  more  than  100
countries.  The profitability of the business is dispersed  geographically,
with more than half of the profit coming from mature  markets in Europe and
Australia.  There are smaller,  rapidly growing  businesses in the emerging
markets of China,  India and Mexico,  including joint ventures with Cummins
in India  and  China.  These  businesses  market  lubricants  for  consumer
vehicles  and heavy  duty  engines  and  equipment  and are  served by toll
manufacturers and company-owned plants in the United States, Australia, and
the Netherlands.

OTHER MATTERS

     For information on Valvoline and federal, state and local statutes and
regulations governing releases into, or protection of, the environment, see
"Item 3. Legal  Proceedings  -  Environmental  Proceedings"  in this annual
report on Form 10-K.

                           REFINING AND MARKETING

     Refining  and  Marketing  operations  are  conducted  by MAP  and  its
subsidiaries,    including   its   wholly-owned   subsidiaries,    Speedway
SuperAmerica LLC and Marathon Ashland Pipe Line LLC. MAP also  participates
in the  travel  center  business  through  its  joint  venture  with  Pilot
Corporation  ("Pilot").  Marathon  holds a 62% interest in MAP, and Ashland
holds a 38% interest in MAP. For  information  on the proposed  transfer of
Ashland's  38%  interest  in MAP to  Marathon,  see  "Item  1.  Business  -
Corporate Developments" in this annual report on Form 10-K.



                                     5

<PAGE>



     Refining - MAP owns and operates  seven  refineries  with an aggregate
refining  capacity  of  948,000  barrels of crude oil per  calendar  day (1
barrel = 42 United States gallons). The table below sets forth the location
and daily crude oil  throughput  capacity  (measured in barrels) of each of
MAP's refineries as of September 30, 2004:

          Garyville, Louisiana...................................   245,000
          Catlettsburg, Kentucky.................................   222,000
          Robinson, Illinois.....................................   192,000
          Detroit, Michigan......................................    74,000
          Canton, Ohio...........................................    73,000
          Texas City, Texas......................................    72,000
          St. Paul Park, Minnesota...............................    70,000
                                                                    --------
                       Total.....................................   948,000
                                                                    ========

     MAP's   refineries   include   crude  oil   atmospheric   and   vacuum
distillation,    fluid    catalytic    cracking,    catalytic    reforming,
desulfurization   and  sulfur  recovery  units.  The  refineries  have  the
capability  to process a wide variety of crude oils and to produce  typical
refinery products,  including reformulated gasoline ("RFG").  Approximately
60% of MAP's crude oil throughputs are sour crudes.  In addition to typical
refinery  products,   the  Catlettsburg  refinery,  an  ISO-9000  certified
facility,   manufactures   base  lube  oil  stocks  and  a  wide  range  of
petrochemicals.  For the twelve  months ended  September  30, 2004,  58% of
MAP's base lube oil production was purchased by Valvoline, and 39% of MAP's
petrochemical  production  (excluding  propylene)  was purchased by Ashland
Distribution.

     The table below sets forth  MAP's  refinery  total input and  refinery
production by product  group for the three years ended  September 30, 2004.
Refinery total inputs include crude oil and other feedstocks.

                                                  Years Ended September 30
                                           ----------------------------------
(in thousands of barrels per day)             2004         2003         2002
--------------------------------           -------       -------      -------
Refinery Input                             1,086.6       1,033.1      1,080.9
--------------

Refined Product Yields
----------------------
     Gasoline                                599.5         553.9        594.0
     Distillates                             291.5         278.4        292.9
     Propane                                  21.3          20.7         21.7
     Feedstocks & Special Products            90.3          87.6         83.5
     Heavy Fuel Oils                          23.2          23.1         21.3
     Asphalt                                  73.8          70.5         73.3
                                           -------       -------      -------
          Total                            1,099.6       1,034.2      1,086.7
                                           =======       =======      =======

     Planned maintenance activities requiring temporary shutdown of certain
refinery operating units are periodically performed at each refinery.

     At  its  Catlettsburg,   Kentucky,  refinery,  MAP  has  completed  an
approximately  $440 million  multi-year  integrated  investment  program to
upgrade   product  yield   realizations   and  reduce  fixed  and  variable
manufacturing expenses. This program involved the expansion, conversion and
retirement  of certain  refinery  processing  units  which,  in addition to
improving profitability,  reduced the refinery's total gasoline pool sulfur
below 30 parts per million, thereby eliminating the need for additional low
sulfur  gasoline  compliance  investments  at the refinery based on current
regulations.

     In the December 2003 quarter, MAP commenced approximately $300 million
in  new  capital  projects  for  its  Detroit,  Michigan,   refinery,  with
completion  scheduled for the December 2005 quarter. One of the projects, a
$110 million  expansion  project,  is expected to raise crude throughput at
the refinery by 35% to 100,000 barrels per day. Other projects are expected
to enable the  refinery  to produce  new clean  fuels and  further  control
regulated air emissions.  MAP is obtaining  financing from Marathon to fund
these capital projects.

     Marketing  -  MAP's   principal   marketing  areas  for  gasoline  and
distillates   include  the   Midwest,   the  upper  Great  Plains  and  the
southeastern United States. Gasoline and distillates are sold in 21 states.
Gasoline is sold at wholesale primarily to independent  marketers,  jobbers
and chain  retailers who resell these  products  through  several  thousand
retail  outlets.  MAP  also  supplies  approximately  3,970  jobber-dealer,
open-dealer   and   lessee-dealer   locations  using  the  Marathon(R)  and
Ashland(R) brand names.



                                     6

<PAGE>

     Gasoline,   distillates  and  aviation   products  are  also  sold  to
utilities,  railroads, river towing companies,  commercial fleet operators,
airlines and governmental agencies. About one-half of MAP's propane is sold
into the home heating  markets and the balance is  purchased by  industrial
consumers.  Propylene and  petrochemicals  are marketed to customers in the
chemical  industry.  Base  lube  oils,  slack  wax  and  extract  are  sold
throughout  the  United  States.  Pitch  is  also  sold  domestically,  but
approximately  16% of pitch  products are exported into growing  markets in
Canada, Mexico, India, and South America.

     MAP  markets  asphalt  through  owned  and  leased  terminals  located
throughout  the Midwest  and  Southeast.  The MAP  customer  base  includes
approximately 900 asphalt paving contractors,  government entities (states,
counties, cities and townships) and asphalt roofing shingle manufacturers.

     Retail  sales of  gasoline  and  diesel  fuel are made  through  MAP's
wholly-owned subsidiary, Speedway SuperAmerica LLC ("SSA"). As of September
30, 2004,  SSA had 1,685 retail  outlets in nine states in the Midwest that
sell petroleum  products and convenience store merchandise  primarily under
the brand names Speedway(R) and SuperAmerica(R).  The retail locations sell
a variety of food, merchandise,  cigarettes,  candy and beverages.  Several
locations also have on-premises brand-name restaurants.

     During  the twelve  months  ended  September  30,  2004,  64% of SSA's
revenues  (excluding  excise  taxes) were derived from the sale of gasoline
and  diesel  fuel,  and  the  remainder  were  derived  from  the  sale  of
merchandise.

     Pilot  Travel  Centers LLC  ("PTC") is the largest  operator of travel
centers in the United States with approximately 250 locations in 35 states.
The travel  centers  offer  diesel  fuel,  gasoline  and a variety of other
services associated with such locations,  including on-premises  brand-name
restaurants. Pilot and MAP each own a 50% interest in PTC.

     MAP's  retail   marketing   strategy  is  focused  on  SSA's   Midwest
operations, additional growth in the Marathon(R) brand and continued growth
for PTC.

     The table below shows the volume of MAP's consolidated refined product
sales for the three years ended September 30, 2004.

                                                Years Ended September 30
                                             ---------------------------------
(in thousands of barrels per day)            2004         2003         2002
--------------------------------             --------    --------    ---------
Refined Product Sales
---------------------
     Gasoline                                 801.9         772.4        774.3
     Distillates                              369.1         360.6        345.7
     Propane                                   21.9          20.3         22.7
     Feedstocks & Special Products             89.5          94.9         80.3
     Heavy Fuel Oils                           25.3          23.2         22.0
     Asphalt                                   77.0          73.2         76.2
                                            -------       -------      -------
          Total                             1,384.7       1,344.6      1,321.2
                                            =======       =======      =======

Matching Buy/Sell Volumes
included in above                              68.4          68.3         69.3

     MAP sells RFG in parts of its marketing territory,  primarily Chicago,
Illinois;   Louisville,   Kentucky;   Northern  Kentucky;   and  Milwaukee,
Wisconsin.  MAP also markets  low-vapor-pressure  gasolines in nine states.

     Supply  and   Transportation  -  The  crude  oil  processed  in  MAP's
refineries  is obtained  from  negotiated  contract  and spot  purchases or
exchanges. For the year ended September 30, 2004, MAP's negotiated contract
and spot  purchases for refinery  input of crude oil produced in the United
States averaged 424,500 barrels per day, including an average of 22,300 net
barrels per day acquired from  Marathon.  For the year ended  September 30,
2004,  MAP's  foreign  crude  oil  requirements  were met  largely  through
purchases from various foreign national oil companies,  producing companies
and traders.  Purchases of foreign crude oil represented 54% of MAP's crude
oil requirements for the year ended September 30, 2004.

     MAP's  ownership  or  interest  in  domestic  pipeline  systems in its
refining and marketing  areas is  significant.  MAP owns,  leases or has an
ownership  interest in 6,711 miles of pipelines in 13 states.  This network
transports crude oil and refined products to and from terminals, refineries
and other  pipelines and includes  2,861 miles of crude oil trunk lines and
3,850 miles of refined product lines.





                                     7

<PAGE>

     MAP has a 46.7% ownership interest in LOOP LLC ("LOOP"),  which is the
owner and  operator of the only U.S.  deepwater  port  facility  capable of
receiving crude oil from very large crude carriers.  Ashland has retained a
4% ownership  interest in LOOP. MAP also owns a 49.9% ownership interest in
LOCAP  LLC  ("LOCAP"),  which is the  owner  and  operator  of a crude  oil
pipeline  connecting  LOOP to the Capline  system.  Ashland has retained an
8.62%  ownership  interest in LOCAP.  For  information  on the  transfer of
Ashland's  interests in LOOP and LOCAP as part of the proposed  transfer of
Ashland's  38%  interest  in MAP to  Marathon,  see  "Item  1.  Business  -
Corporate  Developments"  in this annual  report on Form 10-K. In addition,
MAP has a 37.2% ownership  interest in the Capline  system.  These port and
pipeline  systems provide MAP with access to common carrier  transportation
from the Louisiana Gulf Coast to Patoka,  Illinois.  At Patoka, the Capline
system  connects  with other  common  carrier  pipelines  owned by MAP that
provide transportation to MAP's refineries in Illinois, Kentucky, Michigan,
Minnesota and Ohio.

     Ohio  River  Pipe  Line  LLC,  a  subsidiary  of  MAP,  has  completed
construction of a pipeline from Kenova, West Virginia,  to Columbus,  Ohio.
The pipeline is an  interstate  common  carrier  pipeline.  The pipeline is
known as Cardinal Products Pipeline. The pipeline,  which has a capacity of
up to 80,000  barrels  per day,  is  expected  to  provide  a stable,  cost
effective  supply of  gasoline,  diesel  and jet fuel to the  central  Ohio
market.

     MAP has a 50%  ownership in  Centennial  Pipeline LLC  ("Centennial").
Centennial,  a 797-mile refined products pipeline, is designed to transport
approximately  210,000 barrels per day of refined  petroleum  products from
the Gulf Coast to the Midwest.

     MAP has a 33.3% ownership interest Minnesota Pipe Line Company,  which
operates a crude oil  pipeline in  Minnesota.  Minnesota  Pipe Line Company
provides MAP with access to crude oil common  carrier  transportation  from
Clearbrook,  Minnesota,  to  Cottage  Grove,  Minnesota,  which  is in  the
vicinity of MAP's St. Paul Park, Minnesota refinery.

     MAP's marine  transportation  operations  include  towboats and barges
that  transport  refined  products on the Ohio,  Mississippi  and  Illinois
rivers,  their tributaries and the Intracoastal  Waterway.  MAP also leases
and owns railcars in various sizes and  capacities for movement and storage
of petroleum  products and a large  number of tractors,  tank  trailers and
general service trucks.

     In addition,  MAP owns and operates 84 terminal  facilities from which
it sells a wide range of petroleum products.  These facilities are supplied
by a combination of barges, pipeline, truck and/or rail.

OTHER MATTERS

     For  information  on MAP and  federal,  state and local  statutes  and
regulations  governing  releases into the  environment or protection of the
environment, see "Item 1. Business - Miscellaneous - Environmental Matters"
in this annual report on Form 10-K.

     In connection with the formation of MAP,  Ashland and Marathon entered
into  a  Put/Call,   Registration  Rights  and  Standstill  Agreement  (the
"Put/Call  Agreement").  The Put/Call  Agreement  provides that at any time
after  December 31, 2004,  Ashland will have the right to sell Marathon all
of  Ashland's  ownership  interest  in MAP,  for an amount  in cash  and/or
Marathon  debt or equity  securities  equal to the  product  of 85% (90% if
equity  securities  are used) of the fair market value of MAP at that time,
multiplied by Ashland's  percentage  interest in MAP. Payment could be made
at closing,  or, at Marathon's option, in three equal annual  installments,
the first of which would be payable at closing.  At any time after December
31,  2004,  Marathon  will have the right to purchase  Ashland's  ownership
interest in MAP,  for an amount in cash equal to the product of 115% of the
fair market value in MAP at that time,  multiplied by Ashland's  percentage
interest in MAP. The agreement entered into in connection with the proposed
transfer of Ashland's 38% interest in MAP to Marathon provides that Ashland
may not exercise its put right and Marathon may not exercise its call right
under  the  Put/Call  Agreement  unless  the  agreement  is  terminated  in
accordance  with its terms.  For  additional  information  on the  proposed
transfer  of  Ashland's  38%  interest  in MAP to  Marathon,  see  "Item 1.
Business - Corporate Developments" in this annual report on Form 10-K.

                               MISCELLANEOUS

ENVIRONMENTAL MATTERS

     Ashland has implemented a companywide environmental policy overseen by
the  Environmental,  Health  and Safety  Committee  of  Ashland's  Board of
Directors.  Ashland's Environmental,  Health and Safety ("EH&S")



                                     8


<PAGE>

department has the responsibility to ensure that Ashland's operating groups
maintain  environmental  compliance in accordance  with applicable laws and
regulations.  This  responsibility is carried out via training;  widespread
communication  of  EH&S  policies,   information  and  regulatory  updates;
formulation of relevant policies, procedures and work practices; design and
implementation  of  EH&S  management  systems;   internal  auditing  by  an
independent  auditing  group  within  the EH&S  department;  monitoring  of
legislative  and  regulatory   developments   that  may  affect   Ashland's
operations; assistance to the operating divisions in identifying compliance
issues and opportunities  for voluntary actions that go beyond  compliance;
and incident response planning and implementation.

     Federal,  state  and  local  laws  and  regulations  relating  to  the
protection  of the  environment  have a  significant  impact on how Ashland
conducts its  businesses.  New laws are being enacted and  regulations  are
being adopted by various regulatory agencies on a continuing basis, and the
costs of  compliance  with these new rules  cannot be  estimated  until the
manner in which they will be implemented  has been more precisely  defined.
In addition, most foreign countries in which Ashland conducts business have
laws dealing with similar matters.

     At  September   30,  2004,   Ashland's   reserves  for   environmental
remediation amounted to $152 million, reflecting Ashland's estimates of the
most  likely  costs  that  will be  incurred  over an  extended  period  to
remediate  identified   conditions  for  which  the  costs  are  reasonably
estimable,  without  regard  to  any  third-party  recoveries.  Engineering
studies,  probability  techniques,  historical experience and other factors
are used to  identify  and  evaluate  remediation  alternatives  and  their
related  costs in  determining  the  estimated  reserves for  environmental
remediation.  Environmental  remediation  reserves  are subject to numerous
inherent  uncertainties that affect Ashland's ability to estimate its share
of  the  costs.  Such  uncertainties  involve  the  nature  and  extent  of
contamination  at each site, the extent of required  cleanup  efforts under
existing  environmental  regulations,  widely  varying  costs of  alternate
cleanup methods, changes in environmental regulations, the potential effect
of continuing  improvements in remediation  technology,  and the number and
financial strength of other potentially  responsible  parties at multiparty
sites. Ashland regularly adjusts its reserves as environmental  remediation
continues.  Environmental  remediation  expense  amounted  to $2 million in
2004,  $22  million  in  2003  and  $30  million  in  2002.  No  individual
remediation  location is material to Ashland as its largest reserve for any
site is less than 10% of the remediation  reserve.  As a result,  Ashland's
exposure to adverse developments with respect to any individual site is not
expected to be material,  and these sites are in various  stages of ongoing
remediation.  Although  environmental  remediation  could  have a  material
effect on results of operations if a series of adverse  developments occurs
in a particular quarter or fiscal year, Ashland believes that the chance of
such developments occurring in the same quarter or fiscal year is remote.

     In  connection  with the  formation of MAP,  Marathon and Ashland each
retained  responsibility  for certain  environmental  costs  arising out of
their   respective   prior   ownership  and  operation  of  the  facilities
transferred to MAP. In certain  situations,  various  threshold  provisions
apply,   eliminating  or  reducing  the  financial  responsibility  of  the
contributing  party until certain levels of expenditure  have been reached.
In other  situations,  sunset  provisions  gradually  diminish the level of
financial responsibility of the contributing party over time.

     Air - The Clean Air Act (the "CAA")  imposes  stringent  limits on air
emissions,  establishes a federally mandated operating permit program,  and
allows  for  civil  and  criminal  enforcement  actions.  Additionally,  it
establishes air quality attainment deadlines and control requirements based
on the severity of air  pollution  in a given  geographical  area.  Various
state clean air acts implement,  complement and, in some instances,  add to
the  requirements  of the federal CAA. The  requirements of the CAA and its
state  counterparts  have a  significant  impact on the daily  operation of
Ashland's  businesses and, in many cases, on product  formulation and other
long-term  business  decisions.   Ashland's  businesses  maintain  numerous
permits  pursuant to these clean air laws and have  implemented  systems to
oversee ongoing compliance efforts.

     In July 1997, the USEPA promulgated  revisions to the National Ambient
Air Quality  Standards  ("NAAQS")  for ground  level ozone and  particulate
matter  that  could  have a  significant  effect on  certain  of  Ashland's
chemical manufacturing and distribution  businesses,  and on MAP. The USEPA
has begun to implement  the new ozone and  particulate  matters  standards,
which could result in areas of the country,  where  Ashland and MAP conduct
operations,  being  designated as not in compliance  with the NAAQS.  Until
these  revisions  have been more  fully  implemented,  it is not  currently
possible  to  estimate  any  potential  financial  impact  that the revised
standards may have on Ashland's or MAP's operations.

     Water - Ashland's  businesses  maintain numerous discharge permits, as
the National Pollutant Discharge  Elimination System of the Clean Water Act
and state programs require,  and have implemented  systems to oversee their
compliance efforts. In addition, several of MAP's operations, in particular
its barge and terminal  facilities,  are regulated  under the Oil Pollution
Act of 1990.



                                     9

<PAGE>

     Solid  Waste  -  Ashland's  businesses  are  subject  to the  Resource
Conservation and Recovery Act ("RCRA"), which establishes standards for the
management of solid and hazardous wastes. While many facilities are subject
to  the  RCRA  rules  governing  generators  of  hazardous  waste,  certain
facilities  also  have  hazardous  waste  storage   permits.   Ashland  has
implemented  systems to oversee  compliance with the RCRA  regulations and,
where  applicable,  permit  conditions.  In addition to regulating  current
waste disposal practices,  RCRA also addresses the environmental effects of
certain past waste  disposal  operations,  the  recycling of wastes and the
storage of regulated substances in underground tanks.

     Remediation  -  Ashland  currently  operates,  and  in  the  past  has
operated,  various facilities where,  during the normal course of business,
releases of hazardous  substances  have  occurred.  Federal and state laws,
including  but not limited to RCRA and various  remediation  laws,  require
that  contamination  caused by such releases be assessed and, if necessary,
remediated to meet applicable standards.  MAP operates, and in the past has
operated,  certain  retail  outlets  where,  during  the  normal  course of
business,  releases of petroleum  products from  underground  storage tanks
have occurred.  Federal and state laws require that contamination caused by
such releases at these sites be assessed  and, if necessary,  remediated to
meet applicable standards.

RESEARCH

     Ashland  conducts a program of research and  development to invent and
improve  products and processes and to improve  environmental  controls for
its existing facilities.  It maintains research facilities in Dublin, Ohio;
Lexington,  Kentucky;  Boonton, New Jersey; and Atlanta,  Georgia. Research
and  development  costs are  expensed as they are  incurred and totaled $43
million in fiscal 2004 ($36 million in 2003 and $34 million in 2002).

COMPETITION

     In all its operations,  Ashland is subject to intense competition both
from  companies in the industries in which it operates and from products of
companies in other industries.

     The majority of the  business  for which APAC  competes is obtained by
competitive  bidding.  There are a substantial number of competitors in the
markets in which APAC  operates  and, as a result,  all of APAC's goods and
services are marketed under highly  competitive  conditions.  Factors which
influence APAC's  competitiveness  are price,  reputation for quality,  the
availability of aggregate materials,  the geographic location of plants and
aggregate  materials,  machinery and  equipment,  knowledge of local market
conditions and estimating abilities.

     Each of Ashland Distribution's lines of business (chemicals, plastics,
ingredients,   composites,  and  environmental  services),   competes  with
national,  regional  and local  companies  throughout  North  America.  The
plastics distribution business also competes in Europe.  Competition within
each  line of  business  is based  primarily  on price and  reliability  of
supply.

     Ashland Specialty  Chemical's  businesses compete globally in selected
niche markets,  largely on the basis of technology and service.  The number
of competitors in the specialty  chemical  business  varies from product to
product,  and it is not practical to identify such  competitors  because of
the broad range of products and markets served by those products.  However,
many  of  Ashland   Specialty   Chemical's   businesses  hold   proprietary
technology, and Ashland believes it has a leading or strong market position
in most of its specialty chemical products.

     Valvoline  competes  in the  highly  competitive  lubricants  business
principally through premium products and services, distribution capability,
a focused "master" brand strategy, advertising and sales promotion. Some of
the major  brands of motor  oils and  lubricants  Valvoline  competes  with
internationally  are  Havoline(R),   Castrol(R),   Pennzoil(R)  and  Quaker
State(R).  The highly  competitive  consumer  products car care business is
primarily composed of maintenance  chemicals,  appearance products and tire
cleaners.  Valvoline  competes  primarily in this market  through  specific
product performance benefits,  distribution  capability and advertising and
sales  promotion.  In the highly  competitive  "fast oil change"  business,
Valvoline  competes  with other leading  independent  fast lube chains on a
national, regional or local basis as well as automobile dealers and service
stations.  Important  competitive  factors for  Valvoline  in the "fast oil
change" market include  Valvoline's  brand  recognition;  increasing market
presence  through  VIOC and  Valvoline  Express  Care  outlets;  as well as
quality of service, speed, location, convenience and sales promotion.

     MAP competes with a large number of companies to acquire crude oil for
refinery  processing and in the  distribution and marketing of a full array
of  petroleum  products.  MAP  believes  it  ranks  among  the top ten U.S.
petroleum  companies  on the basis of crude  oil  refining  capacity  as of
September 30, 2004.  MAP competes in four


                                    10


<PAGE>

distinct  markets  for the sale of  refined  products  -  wholesale,  spot,
branded  and  retail   distribution.   MAP   believes   it  competes   with
approximately  40  companies  in the  wholesale  distribution  of petroleum
products to private brand  marketers and large  commercial  and  industrial
consumers;  approximately 80 companies in the sale of petroleum products in
the spot  market;  approximately  10  refiner/marketers  in the  supply  of
branded  petroleum  products to dealers and jobbers;  and approximately 600
petroleum product retailers in the retail sale of petroleum  products.  MAP
also  competes in the  convenience  store  industry  through  SSA's  retail
outlets and in the travel center industry through its ownership in PTC. The
retail  outlets  offer  consumers   gasoline,   diesel  fuel  (at  selected
locations)  and a  variety  of food,  merchandise,  cigarettes,  candy  and
beverages.

FORWARD-LOOKING STATEMENTS

     This annual  report on Form 10-K contains  forward-looking  statements
within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities  Exchange Act of 1934.  Words such as  "anticipates,"
"believes," "estimates," "expects," "is likely," "predicts," and variations
of such  words and  similar  expressions  are  intended  to  identify  such
forward-looking statements. Although Ashland believes that its expectations
are based on reasonable assumptions, it cannot assure that the expectations
contained in such statements will be achieved. Important factors that could
cause  actual  results to differ  materially  from those  contained in such
statements  are  discussed  under  "Risks and  Uncertainties"  in Note A of
"Notes to Consolidated  Financial Statements" in this annual report on Form
10-K.  For a  discussion  of other  factors and risks  affecting  Ashland's
revenues and operations see "Item 1. Business -  Miscellaneous  - Marketing
Conditions" below.

MARKETING CONDITIONS

     Domestic and  international  political,  legislative,  regulatory  and
legal  changes  may  adversely  affect  Ashland's  results  of  operations.
Political  actions may include changes in the policies of the  Organization
of  Petroleum  Exporting  Countries  or  other  developments  involving  or
affecting oil-producing countries, including terrorist activities, military
conflict,  embargoes,  internal  instability or actions or reactions of the
U.S.  government  in  anticipation  of, or in response  to,  such  actions.
Profitability  of MAP  depends  largely on the margin  between  the cost of
crude oil and other  feedstocks  refined and the selling  prices of refined
products.  MAP is a purchaser of crude oil in order to satisfy its refinery
throughput requirements.  As a result, MAP's overall profitability could be
adversely  affected by  increases in crude oil and other  feedstock  prices
that are not recovered in the market place through higher prices. Reference
should be made to the Refining and  Marketing  section of the  Management's
Discussion  and Analysis  section in this annual  report on Form 10-K for a
discussion of the impact of crude oil costs on MAP's operating performance.
While Ashland  maintains  reserves for anticipated  liabilities and carries
various levels of insurance,  Ashland could be affected by civil, criminal,
regulatory or  administrative  proceedings and claims relating to asbestos,
environmental   remediation  and  other  matters.   Additional  information
concerning   Ashland's   asbestos-related   litigation  and   environmental
remediation  may be found in Note M of  "Notes  to  Consolidated  Financial
Statements" in this annual report on Form 10-K.

     Ashland's  operations are subject to various U.S. and foreign laws and
regulations  relating to  environmental  protection  and worker  health and
safety.  These laws and regulations  regulate  discharge of pollutants into
the air and water, the management and disposal of hazardous substances, and
the cleanup of contaminated  properties.  The costs of complying with these
laws and  regulations  can be  substantial  and may increase as  applicable
requirements  become  more  stringent  and new  rules are  implemented.  If
violation of these laws and regulations occur, Ashland may be forced to pay
substantial fines, to complete additional costly projects,  or to modify or
curtail its operations to limit contaminant emissions.

     The profitability of Ashland's businesses is particularly  susceptible
to downturns in the economy,  particularly downturns in the segments of the
U.S.  economy related to the purchase and sale of durable goods,  including
housing,  construction,  automotive,  and marine.  Both overall  demand for
Ashland's  products and  services  and its profit  margins may decline as a
direct result of an economic recession, inflation, changes in the prices of
hydrocarbons  and other raw  materials  (e.g.,  crude oil and petroleum and
chemical  products),  consumer  confidence,  interest rates or governmental
fiscal policies.  Ashland's  profitability may also experience  significant
changes as a result of  variations  in sales,  changes  in  product  mix or
pricing competition.

     In addition,  changes in climate and weather can significantly  affect
the performance of several of Ashland's operations. Extreme variations from
normal climatic conditions could have a significant effect on the operating
results  of APAC's  construction  operations.  In  particular,  unfavorable
weather  conditions will delay the completion


                                    11


<PAGE>

of construction  projects and may require the use of additional  resources.
Additionally,  most of the refined  products  sold by MAP and Valvoline are
seasonal in nature,  and thus demand for those  products may decline due to
significant  changes in prevailing  climate and weather  conditions such as
floods, frozen rivers or hurricanes. Adverse weather conditions that impair
driving  conditions,  such as winter  storms,  can also  result in  reduced
retail sales of gasoline.

ITEM 2. PROPERTIES

     Ashland's  corporate  headquarters,  which is  leased,  is  located in
Covington,  Kentucky.  Principal  offices  of other  major  operations  are
located in Atlanta,  Georgia (APAC); Dublin, Ohio (Ashland Distribution and
Ashland  Specialty  Chemical);   Boonton,  New  Jersey  (Ashland  Specialty
Chemical);   Lexington,   Kentucky  (Valvoline);   and  Russell,   Kentucky
(Administrative  Services). All of these offices are leased, except for the
Russell  office  and two  buildings  in  Dublin,  Ohio,  which  are  owned.
Principal manufacturing,  marketing and other materially important physical
properties  of  Ashland  and  its  subsidiaries  are  described  under  the
appropriate  segment  under  "Item 1" in this  annual  report on Form 10-K.
Additional  information concerning certain leases may be found in Note F of
"Notes to Consolidated  Financial Statements" in this annual report on Form
10-K.

ITEM 3. LEGAL PROCEEDINGS

     Asbestos-Related  Litigation - Ashland is subject to liabilities  from
claims alleging personal injury caused by exposure to asbestos. Such claims
result  primarily from  indemnification  obligations  undertaken in 1990 in
connection with the sale of Riley Stoker  Corporation  ("Riley"),  a former
subsidiary.  Although  Riley was neither a producer nor a  manufacturer  of
asbestos,   its  industrial  boilers  contained  some   asbestos-containing
components provided by other companies.

     The  majority  of  lawsuits  filed  involve  multiple  plaintiffs  and
multiple defendants,  with the number of defendants in many cases exceeding
100. The monetary  damages sought in the  asbestos-related  complaints that
have  been  filed  in  state  or  federal   courts  vary  as  a  result  of
jurisdictional  requirements  and  practices,  though the vast  majority of
these  complaints  either do not specify  monetary damages sought or merely
recite  that the  monetary  damages  sought  meet or  exceed  the  required
jurisdictional  minimum in which the complaint was filed.  Plaintiffs  have
asserted  specific  dollar  claims for damages in  approximately  6% of the
50,500  active  lawsuits  pending as of September 30, 2004. In these active
lawsuits,  less than 0.2% of the active lawsuits  involve claims between $0
and $100,000;  approximately  1.6% of the active  lawsuits  involve  claims
between  $100,000  and  $1 million;  less  than 1% of the  active  lawsuits
involve claims between  $1 million and  $5 million;  less than 0.2% of the
active  lawsuits   involve  claims  between   $5 million and  $10 million;
approximately 3% of the active lawsuits involve claims between  $10 million
and $15 million;  and less than 0.02% of the active lawsuits involve claims
between $15 million and $100 million.  The variability of requested damages,
coupled with the actual  experience  of  resolving  claims over an extended
period,  demonstrates that damages  requested in any particular  lawsuit or
complaint bear little or no relevance to the merits or disposition value of
a particular case. Rather, the amount potentially recoverable by a specific
plaintiff or group of  plaintiffs  is  determined  by other factors such as
product  identification  or lack  thereof,  the  type and  severity  of the
disease alleged, the number and culpability of other defendants, the impact
of  bankruptcies  of other  companies  that are  co-defendants  in  claims,
specific  defenses  available  to  certain   defendants,   other  potential
causative factors and the specific jurisdiction in which the claim is made.

     For  additional   information   regarding   liabilities  arising  from
asbestos-related  litigation,  see "Management's  Discussion and Analysis -
Application of Critical Accounting Policies - Asbestos-related  litigation"
and Note M of "Notes to Consolidated  Financial  Statements" in this annual
report on Form 10-K.

     U.S.  Department  of Justice  Antitrust  Division  Investigation  - In
November  2003,  Ashland  received a subpoena from the USDOJ  relating to a
foundry resins grand jury  investigation.  Ashland is providing  responsive
records to the subpoena. As is frequently the case when such investigations
are in  progress,  a number  of civil  actions  have  since  been  filed in
multiple  jurisdictions,  most of which are seeking class action status for
classes of customers of foundry resins.  These cases have been consolidated
for  pretrial  purposes  in the  United  States  District  Court,  Southern
District of Ohio. Ashland will vigorously defend the actions.

     Environmental  Proceedings  -  (1)  Under  the  federal  Comprehensive
Environmental  Response  Compensation  and  Liability  Act (as amended) and
similar state laws,  Ashland may be subject to joint and several  liability
for  clean-up  costs in  connection  with  alleged  releases  of  hazardous
substances at sites where it has been identified as a

                                    12


<PAGE>
"potentially  responsible party" ("PRP"). As of September 30, 2004, Ashland
had been named a PRP at 93 waste treatment or disposal  sites.  These sites
are currently  subject to ongoing  investigation  and remedial  activities,
overseen  by  USEPA  or a state  agency,  in  which  Ashland  is  typically
participating  as a member of a PRP  group.  Generally,  the type of relief
sought  includes  remediation  of  contaminated  soil  and/or  groundwater,
reimbursement for past costs of site clean-up and administrative oversight,
and/or long-term  monitoring of environmental  conditions at the sites. The
ultimate  costs  are  not  predictable   with  assurance.   For  additional
information  regarding  environmental  matters and reserves,  see Note M of
"Notes to Consolidated  Financial Statements" in this annual report on Form
10-K.

     (2) On May 13, 2002,  Ashland  entered into a plea  agreement with the
U.S.  Attorney's  Office  for  the  District  of  Minnesota  and  the  U.S.
Department of Justice  regarding a May 16, 1997, sewer fire at the St. Paul
Park,  Minnesota  refinery,  which is now owned by MAP. As part of the plea
agreement,  Ashland entered guilty pleas to two  misdemeanors,  paid a $3.5
million  fine  related to  violations  of the CAA,  paid  $3.55  million as
restitution  to the  employees  injured in the fire,  and paid  $200,000 as
restitution to the responding rescue units. Ashland also agreed to complete
certain upgrades to the St. Paul Park refinery's  process sewers,  junction
boxes and drains to meet  standards  established  by Subpart QQQ of the New
Source  Performance  Standards of the CAA (the  "Refinery  Upgrades").  The
Refinery  Upgrades  are  expected to be  completed  on or before the end of
calendar 2004.

     In addition,  as part of the plea  agreement,  Ashland  entered into a
deferred prosecution agreement,  wherein prosecution of a separate count of
the indictment charging Ashland with violating Subpart QQQ was deferred for
four years.  The deferred  prosecution  agreement  provides that if Ashland
satisfies the terms and  conditions of the plea agreement and completes the
Refinery Upgrades,  the deferred  prosecution  agreement will terminate and
the United States will dismiss that count with prejudice.  Ashland believes
that it has  satisfied  these terms and  conditions  and has filed a motion
with the court requesting that the deferred count be dismissed.

     As part of its  sentence,  Ashland  was placed on  probation  for five
years.  The primary  condition of probation is an obligation  not to commit
future federal,  state,  or local crimes.  If Ashland were to commit such a
crime,  it would be subject not only to prosecution for that new violation,
but the  government  could  also seek to revoke  Ashland's  probation.  The
probation  office has retained an independent  environmental  consultant to
review and  monitor  Ashland's  compliance  with  applicable  environmental
requirements  and the terms and  conditions  of  probation.  The court also
included  other  customary  terms  and  restrictions  of  probation  in its
probation order.

     (3) Pursuant to a 1988 RCRA  Administrative  Consent  Order  ("Consent
Order"),  Ashland is remediating  soil and groundwater at a former chemical
distribution  facility  site in Lansing,  Michigan.  The USEPA has asserted
that Ashland has not complied with certain  provisions of the Consent Order
relating  to  interim  remedial  measures  at the  site.  Although  Ashland
disputed  this  assertion,  Ashland  and the USEPA  agreed to  resolve  the
dispute prior to USEPA's filing of a formal enforcement action. Ashland has
paid a $650,000 penalty, and has signed a Consent Agreement and Final Order
("CAFO")  that  reflects an  agreement  between the parties as to what will
constitute future  compliance with the disputed  provisions of the original
Consent  Order.  Ashland is continuing to work with the USEPA to design and
implement a final remedy at the site. Once the final remedy is implemented,
the CAFO will expire.

     (4) In 1990,  contamination of groundwater at Ashland's former Canton,
Ohio,  refinery  (now owned and operated by MAP) was first  identified  and
reported to Ohio's  Environmental  Protection  Agency ("OEPA").  Since that
time,  Ashland has  voluntarily  conducted  investigation  and  remediation
activities  and regularly  communicated  with OEPA  regarding  this matter.
Ashland and the state of Ohio have exchanged  Consent Order drafts and have
met to negotiate the terms of such an order. The state filed a complaint in
February  2004,  but  simultaneously  expressed  an interest in  continuing
Consent  Order  settlement   discussions.   Following  the  filing  of  the
complaint,  Ashland,  OEPA and Ohio's  Office of the Attorney  General have
continued to work to finalize a Consent  Order.  The state has advised that
it will assess a penalty as part of the overall  settlement and has made an
initial request for $650,000.

     Shareholder  Derivative  Litigation  - On  August  16,  2002,  Central
Laborers'   Pension  Fund,   derivatively  as  a  shareholder  of  Ashland,
instituted  an action in the Circuit  Court of  Kentucky  in Kenton  County
against Ashland's then-serving Board of Directors. On motion of Ashland and
the other  defendants,  the case was removed to the United States  District
Court, Eastern District of Kentucky,  Covington Division. The case has been
remanded  to the state  court.  Ashland  has filed a Motion to Dismiss  the
Complaint. The action is purportedly filed on behalf of Ashland and asserts
the following  causes of action against the Directors:  breach of fiduciary
duty, abuse of control, gross mismanagement, and waste of corporate assets.
The suit also names Paul W.  Chellgren,  the  then-serving  Chief Executive
Officer and Chairman of the Board,  and James R. Boyd,  former  Senior Vice
President and Group




                                    13


<PAGE>

Operating  Officer,  as individual  defendants,  and it seeks to recover an
unstated sum from them individually alleging unjust enrichment from various
transactions  completed during their tenure with Ashland.  The suit further
seeks an unspecified sum from Mr. Chellgren individually based upon alleged
usurpation of corporate opportunities.  The suit also names J. Marvin Quin,
Ashland's Chief  Financial  Officer,  as well as three former  employees of
Ashland's  wholly-owned  subsidiary,  APAC,  as individual  defendants  and
alleges  that they  participated  in the  preparation  and  filing of false
financial  statements  during  fiscal  years 1999 - 2001.  The suit further
names Ernst & Young LLP  ("E&Y"),  as a  defendant,  alleging  professional
accounting  malpractice  and  negligence  in the  conduct  of its  audit of
Ashland's  1999 and 2000  financial  statements,  respectively,  as well as
alleging  that E&Y aided and abetted  the  individual  defendants  in their
alleged  breach of duties.  The  complaint  seeks to  recover,  jointly and
severally,  from  defendants an unstated sum of  compensatory  and punitive
damages.  The complaint seeks equitable and/or  injunctive  relief to avoid
continuing harm from alleged ongoing illegal acts, and seeks a disgorgement
of defendants' alleged insider-trading gains, in addition to the reasonable
cost and expenses incurred in bringing the complaint,  including attorneys'
and experts' fees.

     Other Legal  Proceedings - In addition to the matters described above,
there are various claims,  lawsuits and administrative  proceedings pending
or threatened against Ashland and its current and former subsidiaries. Such
actions are with respect to commercial  matters,  product liability,  toxic
tort liability,  and other  environmental  matters,  which seek remedies or
damages, some of which are for substantial amounts. While these actions are
being contested, their outcome is not predictable.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No matters were submitted to a vote of security  holders,  through the
solicitation  of proxies or otherwise,  during the quarter ended  September
30, 2004.

ITEM X. EXECUTIVE OFFICERS OF ASHLAND

     The following is a list of Ashland's  executive  officers,  their ages
and  their  positions  and  offices  during  the last  five  years  (listed
alphabetically after the Chief Executive Officer as to members of Ashland's
Executive Committee and other executive officers).

     JAMES J.  O'BRIEN (age 50) is Chairman of the Board,  Chief  Executive
Officer and Director of Ashland,  and has served in such  capacities  since
2002.  During the past five years,  he has also served as President,  Chief
Operating  Officer,  Senior Vice President and Group  Operating  Officer of
Ashland, and as President of Valvoline.

     GARY A.  CAPPELINE  (age 55) is Senior Vice  President  of Ashland and
President and Chief Operating  Officer,  Chemical Sector, and has served in
such capacities since 2003.  During the past five years, he has also served
as Group  Operating  Officer of Ashland and President of Ashland  Specialty
Chemical,  as a chemical industry partner at Bear Stearns Merchant Bank, as
President of AlliedSignal  Specialty Chemicals and as Group Vice President,
Pigments and Additives of Engelhard Corp.

     DAVID J. D'ANTONI (age 59) was Senior Vice  President of Ashland,  and
served in such capacity since 1988. During the past five years, he has also
served as Group  Operating  Officer of Ashland,  and  President  of Ashland
Paving  And  Construction,  Inc.  Mr.  D'Antoni  retired  from  Ashland  on
September 30, 2004.

     DAVID L. HAUSRATH (age 52) is Senior Vice  President,  General Counsel
and Secretary of Ashland and has served in such capacities since 2004, 1999
and 2004,  respectively.  During the past five years, he has also served as
Vice President of Ashland.

     GARRY  M.  HIGDEM  (age  51) is  Senior  Vice  President  of  Ashland;
President and Chief Operating Officer,  Transportation Construction Sector;
and  President,  Ashland Paving And  Construction,  Inc., and has served in
such capacities since 2004.  During the past five years, he has also served
as Vice President for Granite Construction Incorporated, Heavy Construction
Division.

     J. MARVIN QUIN (age 57) is Senior Vice  President and Chief  Financial
Officer of Ashland and has served in such capacities since 1992.

     LAMAR M. CHAMBERS (age 49) is Vice President and Controller of Ashland
and has served in such capacities  since 2004.  During the past five years,
he has also served as Regional Vice  President  and Senior Vice  President,
Finance &  Administration  of Ashland  Paving And  Construction,  Inc., and
Auditor of Ashland.

                                    14

<PAGE>


     SUSAN B. ESLER (age 43) is Vice President  Human  Resources of Ashland
and has served in such capacity since 2004. During the past five years, she
has also  served as Vice  President  Human  Resources  Programs & Services,
Director of Corporate Human Resources and Manager of Executive Compensation
of Ashland.

     SAMUEL J. MITCHELL (age 43) is Vice President of Ashland and President
of Valvoline and has served in such capacities since 2002.  During the past
five years,  he has also served as Vice President - Retail  Business,  Vice
President of Marketing and Director of Marketing -Valvoline.

     FRANK L. WATERS (age 43) is Vice President of Ashland and President of
Ashland  Distribution and has served in such capacities since 2002.  During
the past five  years,  he has also  served  as Vice  President  of  Ashland
Plastics - Europe.


     Each executive officer is elected by the Board of Directors of Ashland
to a term of one year, or until a successor is duly elected,  at the annual
meeting  of the Board of  Directors,  except in those  instances  where the
officer  is  elected  other  than at an  annual  meeting  of the  Board  of
Directors,  in which case his or her tenure  will expire at the next annual
meeting of the Board of Directors unless the officer is re-elected.


                                  PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES

     There is hereby incorporated by reference the information appearing in
Note P of "Notes  to  Consolidated  Financial  Statements"  in this  annual
report on Form 10-K.

     At September  30, 2004,  there were  approximately  15,900  holders of
record of Ashland's Common Stock. Ashland Common Stock is listed on the New
York and  Chicago  stock  exchanges  (ticker  symbol  ASH) and has  trading
privileges  on the  Boston,  Cincinnati,  Pacific  and  Philadelphia  stock
exchanges.

ITEM 6. SELECTED FINANCIAL DATA

     See Five-Year Selected Financial Information on page F-28.

ITEM 7.  MANAGEMENT'S  DISCUSSION  AND ANALYSIS OF FINANCIAL  CONDITION AND
RESULTS OF OPERATIONS

     See Management's Discussion and Analysis of Financial Condition and
Results of Operations on pages M-1 through M-13.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     See Quantitative and Qualitative Disclosures about Market Risk on page
M-13.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

     The  consolidated  financial  statements  and  financial  schedule  of
Ashland  presented  in this  annual  report on Form 10-K are  listed in the
index on page F-1.

ITEM 9. CHANGES IN AND  DISAGREEMENTS  WITH  ACCOUNTANTS  ON ACCOUNTING AND
FINANCIAL DISCLOSURE

     None.



                                    15
<PAGE>

ITEM 9A. CONTROLS AND PROCEDURES

     (a)   As of September 30, 2004,  Ashland,  under the  supervision  and
           with the  participation of its management,  including  Ashland's
           Chief  Executive  Officer  and  its  Chief  Financial   Officer,
           evaluated the effectiveness of Ashland's disclosure controls and
           procedures pursuant to Rule 13a-15(b) and 15d-15(b)  promulgated
           under the  Securities  Exchange Act of 1934,  as amended.  Based
           upon that  evaluation,  the Chief  Executive  Officer  and Chief
           Financial  Officer have concluded  that the disclosure  controls
           and procedures were effective.

     (b)   There were no significant  changes in Ashland's internal control
           over financial  reporting,  or in other  factors,  that occurred
           during the fiscal  quarter ended  September 30, 2004,  that have
           materially  affected,  or are  reasonably  likely to  materially
           affect, Ashland's internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

     None.
                                  PART III


ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT


     There is hereby  incorporated  by reference the  information to appear
under the caption  "Election of Directors"  and the  information  regarding
Section  16  beneficial   ownership   reporting   compliance  in  Ashland's
definitive  Proxy  Statement  for its January 27, 2005,  Annual  Meeting of
Shareholders,  which  will be filed  with  the SEC  within  120 days  after
September  30, 2004,  ("Proxy  Statement").  See also the list of Ashland's
executive  officers and related  information  under "Executive  Officers of
Ashland" in Part 1 - Item X in this annual report on Form 10-K.

     There is hereby  incorporated  by reference the  information to appear
under the  caption  "Audit  Committee  Report"  regarding  Ashland's  audit
committee financial experts, as defined under Item 401 of Regulation S-K of
the  Securities  Exchange  Act of 1934,  as  amended,  in  Ashland's  Proxy
Statement.

     There is hereby  incorporated  by reference the  information to appear
under the caption  "Corporpate  Governance  -  Shareholder  Nominations  of
Directors" in Ashland's Proxy Statement.

     Ashland has adopted a Code of Business Conduct (the "Code").  The Code
applies to Ashland's directors, all employees of Ashland and its subsidiary
companies,  including the principal executive officer,  principal financial
officer,  principal  accounting  officer  and  persons  performing  similar
functions  ("Key  Personnel").  The Code is  posted on  Ashland's  website.
Ashland will satisfy any disclosure requirement under Item 5.05 of Form 8-K
regarding an amendment  to, or waiver from,  any provision of the Code with
respect to its Key Personnel or directors by disclosing  the nature of such
amendment or waiver on its website or in a current report on Form 8-K.

ITEM 11. EXECUTIVE COMPENSATION

     There is hereby  incorporated  by reference the  information to appear
under the captions  "Executive  Compensation,"  "Compensation of Directors"
and "Corporate Governance - Personnel and Compensation Committee Interlocks
and Insider Participation" in Ashland's Proxy Statement.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS

     There is hereby  incorporated  by reference the  information to appear
under the captions "Ashland Common Stock Ownership of Directors and Certain
Officers  of  Ashland"  and  "Ashland  Common  Stock  Ownership  of Certain
Beneficial Owners" in Ashland's Proxy Statement.

     The following  table  summarizes the equity  compensation  plans under
which Ashland  Common Stock may be issued as of September 30, 2004.  Except
as disclosed  in the  narrative  to the table,  all plans were  approved by
shareholders of Ashland.



                                    16


<PAGE>


<TABLE>
<CAPTION>
                                                                                                 Number of securities
                                          Number of securities                                 remaining available for
                                            to be issued upon          Weighted-average         future issuance under
                                                exercise              exercise price of       equity compensation plans
                                         of outstanding options,     outstanding options,       (excluding securities
Plan Category                              warrants and rights       warrants and rights      reflected in column (a))
-------------                           ------------------------     ---------------------    -------------------------
                                                   (a)                       (b)                         (c)
<S>                                             <C>                         <C>                       <C>
Equity compensation plans approved by
     security holders..............             4,925,043                   40.73                     1,922,675 (2)
Equity compensation plans
     not approved by security holders
     (1)...........................               240,160                   32.94                             0
                                                ----------                 -------                   ------------
             Total.................             5,165,203                   40.37                     1,922,675
                                                ==========                 =======                   ============
</TABLE>

(1)  The Ashland Inc.  Stock Option Plan for Employees of Joint Ventures is
     the only equity compensation plan of Ashland not approved by Ashland's
     shareholders.  This plan was approved by Ashland's  Board of Directors
     on September  17, 1998,  and is  specifically  designed to grant stock
     options  to  employees  of  joint  ventures  in which  Ashland  has an
     interest.  There are currently no shares  reserved for future issuance
     under this plan. The Board of Directors authorizes the issuance of the
     shares at the time the stock options are granted.  A recipient of such
     stock options will have the right to purchase  Ashland Common Stock at
     a price  and on terms  specified  by the  Personnel  and  Compensation
     Committee of Ashland's Board of Directors. The stock options listed in
     the table above have been  granted to certain MAP  employees  and were
     registered with the SEC.
(2)  Includes  458,746  shares  available  for issuance  under the Deferred
     Compensation  Plan for  Employees,  and 365,527  shares  available for
     issuance  under  the  Deferred   Compensation  Plan  for  Non-Employee
     Directors.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

     None.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

     There is hereby incorporated by reference the information with respect
to  principal  accountant  fees and  services to appear  under the captions
"Ratification of Auditors" and "Audit Committee  Report" in Ashland's Proxy
Statement.

     Ashland has been made aware that,  in connection  with certain  income
tax  compliance  services,  affiliates of E&Y held  employment  tax related
funds  of a de  minimis  amount  and  made  payment  of such  funds  to the
applicable  tax authority in respect of expatriot and foreign  employees of
subsidiaries of Ashland in Taiwan and China. These actions by affiliates of
E&Y have been discontinued. Custody of the assets of an audit client is not
permitted  under the auditor  independence  rules in Regulation  S-X of the
SEC.  The Audit  Committee  and E&Y have  considered  the  impact  that the
holding and paying of these funds may have had on E&Y's  independence  with
respect to Ashland and have  concluded that there has been no impairment of
E&Y's  independence.  In making  this  determination,  the Audit  Committee
considered the de minimis amount of funds involved,  the ministerial nature
of the actions,  and that the subsidiaries  involved were immaterial to the
consolidated financial statements of Ashland.


                                  PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

     (A) DOCUMENTS FILED AS PART OF THIS REPORT

     (1) and (2) Financial Statements and Financial Schedule

     The  consolidated  financial  statements  and  financial  schedule  of
Ashland  presented  in this  annual  report on Form 10-K are  listed in the
index on page F-1.

                                    17

<PAGE>


     (3) Exhibits
         2.1*     -  Master  Agreement dated as of March 18, 2004,  among
                     Ashland  Inc.,  ATB  Holdings  Inc.,  EXM LLC, New EXM
                     Inc., Marathon Oil Corporation,  Marathon Oil Company,
                     Marathon  Domestic LLC and Marathon Ashland  Petroleum
                     LLC  (filed as  Exhibit  2.1 to  Ashland's  Form 8-K/A
                     dated March 18, 2004,  and filed November 5, 2004, and
                     incorporated herein by reference).
         2.2*     -  Tax Matters  Agreement  dated March 18, 2004,  among
                     Ashland  Inc.,  ATB  Holdings  Inc.,  EXM LLC, New EXM
                     Inc., Marathon Oil Corporation,  Marathon Oil Company,
                     Marathon  Domestic LLC and Marathon Ashland  Petroleum
                     LLC  (filed as  Exhibit  2.2 to  Ashland's  Form 8-K/A
                     dated March 18, 2004,  and filed November 5, 2004, and
                     incorporated herein by reference).
         2.3*     -  Assignment and Assumption  Agreement  (VIOC Centers)
                     dated as of March 18, 2004,  between  Ashland Inc. and
                     ATB Holdings  Inc.  (filed as Exhibit 2.3 to Ashland's
                     Form 8-K/A dated March 18, 2004, and filed November 5,
                     2004, and incorporated herein by reference).
         2.4*     -  Assignment   and   Assumption   Agreement   (Maleic
                     Business) dated as of March 18, 2004,  between Ashland
                     Inc.  and ATB Holdings  Inc.  (filed as Exhibit 2.4 to
                     Ashland's  Form 8-K/A dated March 18, 2004,  and filed
                     November   5,  2004,   and   incorporated   herein  by
                     reference).
         2.5*     -  Amendment  No. 2 dated as of March 18, 2004,  to the
                     Amended  and  Restated   Limited   Liability   Company
                     Agreement  dated as of December 31, 1998,  of Marathon
                     Ashland Petroleum LLC, by and between Ashland Inc. and
                     Marathon   Oil  Company   (filed  as  Exhibit  2.5  to
                     Ashland's  Form 8-K/A dated March 18, 2004,  and filed
                     November   5,  2004,   and   incorporated   herein  by
                     reference).
         3.1      -  Third Restated  Articles of Incorporation of Ashland
                     (filed  as  Exhibit 3(i) to  Ashland's  Form 10-Q for the
                     quarter ended June 30, 2002, and  incorporated  herein
                     by reference).
         3.2      -  By-laws of Ashland,  effective  as of  November  15,
                     2002 (filed as Exhibit 3.2 to Ashland's  annual report
                     on Form 10-K for the fiscal year ended  September  30,
                     2002, and incorporated herein by reference).
         4.1      -  Ashland  agrees to provide  the SEC,  upon  request,
                     copies of  instruments  defining the rights of holders
                     of   long-term   debt  of  Ashland   and  all  of  its
                     subsidiaries for which  consolidated or unconsolidated
                     financial statements are required to be filed with the
                     SEC.
         4.2      -  Indenture,  dated as of August 15, 1989,  as amended
                     and  restated as of August 15, 1990,  between  Ashland
                     and Citibank,  N.A., as Trustee  (filed as Exhibit 4.2
                     to Ashland's annual report on Form 10-K for the fiscal
                     year ended September 30, 2001, and incorporated herein
                     by reference).
         4.3      -  Indenture,  dated as of  September 7, 2001,  between
                     Ashland and U.S. Bank National Association, as Trustee
                     (filed as Exhibit 4.3 to  Ashland's  annual  report on
                     Form 10-K for the  fiscal  year  ended  September  30,
                     2001, and incorporated herein by reference).
         4.4      -  Rights Agreement,  dated as of May 16, 1996, between
                     Ashland Inc. and the Rights Agent,  together with Form
                     of  Right   Certificate   (filed  as  Exhibit  4.4  to
                     Ashland's  annual  report on Form 10-K for the  fiscal
                     year ended September 30, 2001, and incorporated herein
                     by reference).
         4.5      -  Amendment  No.  1 dated as of March  18,  2004,  to
                     Rights  Agreement  dated as of May 16,  1996,  between
                     Ashland  Inc.  and Rights Agent (filed as Exhibit 4 to
                     Ashland's  Form  10-Q for the  quarter  ended  March 31,
                     2004, and incorporated herein by reference).

     The following Exhibits 10.1 through 10.16 are compensatory plans or
arrangements or management contracts required to be filed as exhibits
pursuant to Item 601(b)(10)(ii)(A) of Regulation S-K.
         10.1     -  Amended Stock Incentive Plan for Key Employees of Ashland
                     Inc.  and its  Subsidiaries  (filed as Exhibit 10.1 to
                     Ashland's  annual  report on Form 10-K for the  fiscal
                     year ended September 30, 1999, and incorporated herein
                     by reference).


                                    18
<PAGE>


         10.2     -  Ashland Inc. Deferred Compensation Plan for Non-Employee
                     Directors  (filed as Exhibit  10.2 to  Ashland's  Form
                     10-Q  for  the  quarter  ended  June  30,  2003,   and
                     incorporated herein by reference).
         10.3     -  Ashland Inc. Deferred Compensation Plan (filed as
                     Exhibit 10.1 to Ashland's Form 10-Q for the quarter
                     ended June 30, 2003, and incorporated herein by
                     reference).
         10.4     -  Eleventh Amended and Restated Ashland Inc. Supplemental
                     Early Retirement Plan for Certain  Employees (filed as
                     Exhibit  10.3 to  Ashland's  Form 10-Q for the quarter
                     ended  June  30,  2003, and  incorporated   herein  by
                     reference).
         10.5     -  Ashland Inc. Salary Continuation Plan (filed as Exhibit
                     10.5 to Ashland's  annual  report on Form 10-K for the
                     fiscal year ended September 30, 2002, and  incorporated
                     herein by reference).
         10.6     -  Form of Ashland Inc. Executive Employment Contract between
                     Ashland Inc. and certain  executives of Ashland (filed
                     as Exhibit  10.6 to  Ashland's  annual  report on Form
                     10-K for the fiscal year ended  September 30, 2002, and
                     incorporated herein by reference).
         10.7     -  Form of employment agreement between Ashland Inc. and an
                     executive officer.
         10.8     -  Form of Indemnification Agreement between Ashland Inc.
                     and  members  of its  Board  of  Directors  (filed  as
                     Exhibit 10.7 to Ashland's  annual  report on Form 10-K
                     for the fiscal  year ended  September  30,  2003,  and
                     incorporated herein by reference).
         10.9     -  Ashland Inc. Nonqualified Excess Benefit Pension
                     Plan (filed as Exhibit 10.4 to Ashland's Form 10-Q
                     for the quarter ended June 30, 2003, and incorporated
                      herein by reference).
         10.10    -  Ashland Inc. Directors' Charitable Award Program (filed
                     as Exhibit  10.11 to Ashland's  annual  report on Form
                     10-K for the fiscal year ended September 30, 2002, and
                     incorporated herein by reference).
         10.11    -  Ashland Inc. 1993 Stock Incentive Plan (filed as Exhibit
                     10.11 to Ashland's  annual report on Form 10-K for the
                     fiscal year ended September 30, 2000, and incorporated
                     herein by reference).
         10.12    -  Ashland Inc. 1997 Stock Incentive Plan (filed as Exhibit
                     10.14 to Ashland's  annual report on Form 10-K for the
                     fiscal year ended September 30, 2002, and incorporated
                     herein by reference).
         10.13    -  Amended and Restated Ashland Inc. Incentive Plan (filed
                     as Exhibit  10.1 to Ashland's Form 10-Q for the quarter
                     ended June 30, 2004, and incorporated herein by reference).
         10.14    -  Form of Notice granting Stock Appreciation Rights Awards.
         10.15    -  Form of Notice granting Restricted Stock Awards.
         10.16    -  Form of Notice granting Nonqualified Stock Option Awards.
         10.17    -  Amended and Restated Limited Liability Company Agreement
                     dated as of  December  31,  1998, of  Marathon  Ashland
                     Petroleum LLC by and between Ashland Inc. and Marathon
                     Oil Company.
         10.18**  -  Amendment No. 1 dated as March 17, 2004, to the Amended
                     and Restated Limited  Liability  Company  Agreement dated
                     as of December 31, 1998, of Marathon Ashland  Petroleum
                     LLC (filed as Exhibit 10.2 to  Ashland's  Form 10-Q for
                     the quarter ended March 31, 2004, and incorporated  herein
                     by reference).
         10.19    -  Put/Call Registration Rights and Standstill Agreement,
                     dated as of January 1, 1998, including Amendment No. 1
                     thereto,  dated as of December 31, 1998,  among  Marathon
                     Oil Company,  USX  Corporation, Ashland Inc. and Marathon
                     Ashland Petroleum LLC.
         10.20    -  Amendment No. 2 dated as of March 17, 2004, to the
                     Put/Call  Registration Rights and Standstill Agreement
                     dated  as of  January  1,  1998,  among  Marathon  Oil
                     Company,  USX  Corporation,  Ashland Inc. and Marathon
                     Ashland  Petroleum  LLC  (filed  as  Exhibit  10.1  to
                     Ashland's Form  10-Q for the  quarter  ended  March 31,
                     2004, and incorporated herein by reference).


                                    19


<PAGE>

         10.21    -  Three-Year, $250 Million Revolving Credit Agreement dated
                     as of April 2, 2004
         10.22    -  364-Day, $100 Million Revolving Credit Agreement dated
                     as of April 2, 2004
         11       -  Computation of Earnings Per Share (appearing on page F-9
                     of this annual report on Form 10-K).
         12       -  Computation of Ratio of Earnings to Fixed Charges.
         21       -  List of Subsidiaries.
         23.1     -  Consent of Independent Registered Public Accounting Firm.
         24       -  Power of Attorney, including resolutions of the Board of
                     Directors.
         31.1     -  Certification of James J. O'Brien, Chief Executive Officer
                     of   Ashland,   pursuant   to   Section   302  of  the
                     Sarbanes-Oxley Act of 2002.
         31.2     -  Certification of J. Marvin Quin, Chief Financial Officer
                     of   Ashland,   pursuant   to   Section   302  of  the
                     Sarbanes-Oxley Act of 2002.
         32       -  Certification of James J. O'Brien, Chief Executive Officer
                     of  Ashland,  and  J.  Marvin  Quin,  Chief  Financial
                     Officer of  Ashland,  pursuant  to Section  906 of the
                     Sarbanes-Oxley Act of 2002.
         99.1     -  Consent of Tillinghast-Towers Perrin.
         99.2     -  Consent of Hamilton, Rabinovitz & Alschuler, Inc.

     *Ashland agrees to supplement this filing and furnish a copy of any
     omitted schedule to the United States Securities and Exchange
     Commission upon request.

     **Portions of this document have received confidential treatment.

     Upon written or oral request, a copy of the above exhibits will be
furnished at cost.


                                    20

<PAGE>


                                 SIGNATURES

     Pursuant to the  requirements of Section 13 or 15(d) of the Securities
Exchange  Act of 1934,  the  registrant  has duly  caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
                                            ASHLAND INC.
                                            (Registrant)
                                            By:

                                            /s/ J. Marvin Quin
                                            ---------------------------------
                                            J. Marvin Quin
                                            Senior Vice President and Chief
                                            Financial Officer

                                            Date:  December 14, 2004

     Pursuant to the  requirements of the Securities  Exchange Act of 1934,
this report has been signed below by the following persons on behalf of the
registrant, in the capacities indicated, on December 14, 2004.

               Signatures                                   Capacity
               ----------                                   ---------

               /S/ JAMES J. O'BRIEN                  Chairman of the Board,
--------------------------------------------         Chief Executive Officer
                 JAMES J. O'BRIEN                    and Director

                /S/ J. MARVIN QUIN                   Senior Vice President and
--------------------------------------------         Chief Financial Officer
                  J. MARVIN QUIN

               /S/ LAMAR M. CHAMBERS                 Vice President, Controller
--------------------------------------------         and Principal Accounting
                 LAMAR M. CHAMBERS                   Officer

                         *                           Director
--------------------------------------------
                  ERNEST H. DREW

                         *                           Director
--------------------------------------------
                   ROGER W. HALE

                         *                           Director
--------------------------------------------
                BERNADINE P. HEALY

                         *                           Director
--------------------------------------------
                  ERNEST H. DREW

                         *                           Director
--------------------------------------------
                 MANNIE L. JACKSON

                         *                           Director
--------------------------------------------
                 KATHLEEN LIGOCKI

                         *                           Director
--------------------------------------------
                 PATRICK F. NOONAN

                         *                           Director
--------------------------------------------
                 JANE C. PFEIFFER

                         *                           Director
--------------------------------------------
                 WILLIAM L. ROUSE, JR.

                         *                           Director
--------------------------------------------
                 GEORGE A. SCHAEFER, JR.

                        *                           Director
--------------------------------------------
                 THEODORE M. SOLSO

                         *                           Director
--------------------------------------------
                  MICHAEL J. WARD


*By:     /s/ David L. Hausrath
         David L. Hausrath
         Attorney-in-Fact
Date:    December 14, 2004



                                    21
<PAGE>
ITEM 7.  MANAGEMENT'S  DISCUSSION  AND ANALYSIS OF FINANCIAL  CONDITION AND
RESULTS OF OPERATIONS

     The following  table shows  revenues,  operating  income and operating
information  by  industry  segment  for each of the last three  years ended
September 30.

<TABLE>
<CAPTION>

(In millions)                                                                        2004         2003         2002
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
SALES AND OPERATING REVENUES
APAC                                                                            $   2,525    $   2,400    $   2,652
Ashland Distribution                                                                3,199        2,811        2,541
Ashland Specialty Chemical                                                          1,386        1,212        1,130
Valvoline                                                                           1,297        1,235        1,152
Intersegment sales                                                                   (106)         (92)         (85)
                                                                                ----------   ----------   ----------
                                                                                $   8,301    $   7,566    $   7,390
                                                                                ==========   ==========   ==========
OPERATING INCOME
APAC                                                                            $     111    $     (42)   $     122
Ashland Distribution                                                                   78           32            1
Ashland Specialty Chemical                                                             87           31           70
Valvoline                                                                             105           87           77
Refining and Marketing (1)                                                            383          263          143
Corporate                                                                            (102)        (105)         (92)
                                                                                ----------   ----------   ----------
                                                                                $     662    $     266    $     321
                                                                                ==========   ==========   ==========
OPERATING INFORMATION
APAC
      Construction backlog at September 30 (millions) (2)                       $   1,746    $   1,745    $   1,691
      Net construction job revenues (millions) (3)                              $   1,433    $   1,361    $   1,527
      Hot-mix asphalt production (million tons)                                      33.4         32.5         36.7
      Aggregate production (million tons)                                            29.6         28.7         31.0
      Ready-mix concrete production (million cubic yards)                             1.7          2.0          2.1
Ashland Distribution (4)
      Sales per shipping day (millions)                                         $    12.6    $    11.2    $    10.1
      Gross profit as a percent of sales                                              9.6%         9.9%         9.7%
Ashland Specialty Chemical (4)
      Sales per shipping day (millions)                                         $     5.4    $     4.8    $     4.5
      Gross profit as a percent of sales                                             27.9%        29.9%        32.9%
Valvoline
      Lubricant sales (million gallons)                                             191.6        193.5        199.0
      Premium lubricants (percent of U.S. branded volumes)                           21.5%        18.5%        16.1%
Refining and Marketing (5)
      Refinery runs (thousand barrels per day)
        Crude oil refined                                                             920          900          930
        Other charge and blend stocks                                                 167          133          151
      Refined product yields (thousand barrels per day)
        Gasoline                                                                      600          554          594
        Distillates                                                                   291          278          293
        Asphalt                                                                        74           71           73
        Other                                                                         135          131          127
                                                                                ----------   ----------   ----------
        Total                                                                       1,100        1,034        1,087
      Refined product sales (thousand barrels per day) (6)                          1,385        1,345        1,321
      Refining and wholesale marketing margin (per barrel) (7)                  $    3.11    $    2.59    $    1.82
      Speedway SuperAmerica (SSA)
        Retail outlets at September 30                                              1,685        1,791        2,063
        Gasoline and distillate sales (million gallons)                             3,165        3,423        3,622
        Gross margin - gasoline and distillates (per gallon)                    $   .1167    $   .1191    $   .1040
        Merchandise sales (millions) (8)                                        $   2,301    $   2,281    $   2,381
        Merchandise margin (as a percent of sales)                                   24.4%        24.5%        24.2%

</TABLE>

(1)  Includes  Ashland's equity income from Marathon Ashland  Petroleum LLC
     (MAP), amortization related to Ashland's excess investment in MAP, and
     other activities associated with refining and marketing.
(2)  Includes APAC's  proportionate  share of the backlog of unconsolidated
     joint ventures.
(3)  Total construction job revenues, less subcontract costs.
(4)  Sales are defined as sales and  operating  revenues.  Gross  profit is
     defined  as sales  and  operating  revenues,  less  cost of sales  and
     operating expenses.
(5)  Amounts  represent 100% of MAP's  operations,  in which Ashland owns a
     38% interest.
(6)  Total  average  daily  volume of all  refined  product  sales to MAP's
     wholesale, branded and retail (SSA) customers.
(7)  Sales  revenue less cost of refinery  inputs,  purchased  products and
     manufacturing expenses, including depreciation.
(8)  Effective  January 1, 2003,  SSA adopted EITF 02-16,  "Accounting by a
     Customer  (Including a Reseller)  for Certain  Consideration  Received
     from a Vendor," which requires  rebates from vendors to be recorded as
     reductions  to cost of sales.  Rebates  from  vendors  recorded in SSA
     merchandise  sales for periods  prior to January 1, 2003 have not been
     restated and included $46 million in 2003 and $170 million in 2002.

                                    M-1
<PAGE>


RESULTS OF OPERATIONS

     Ashland's net income  amounted to $378 million in 2004, $75 million in
2003 and $117 million in 2002.  Income from  continuing  operations  (which
excludes  discontinued  operations and the cumulative  effect of accounting
changes)  amounted  to $398  million in 2004,  $94 million in 2003 and $115
million in 2002. Ashland's results from discontinued operations, consisting
of charges  associated  with estimated  future  asbestos  liabilities  less
probable insurance recoveries,  as well as net income from the discontinued
operations of its Electronic Chemicals business,  along with the cumulative
effect of accounting  changes  adopted in 2002 and 2003,  accounted for the
difference in net income and income from continuing operations.

     Chemical Sector (consisting of Ashland Distribution, Ashland Specialty
Chemical  and  Valvoline)  operating  income  totaled $270 million in 2004,
compared  to $150  million  in 2003  and  $148  million  in  2002.  Ashland
Distribution,   Ashland   Specialty   Chemical  and  Valvoline  all  showed
significant  improvement  in 2004,  reflecting  a combined  12% increase in
sales  and  operating  revenues  and an  improved  cost  structure.  In the
Transportation  Construction Sector, Ashland Paving And Construction (APAC)
recorded  operating  income of $111 million in 2004,  compared to a loss of
$42 million in 2003 and income of $122 million in 2002. APAC's  improvement
in 2004  reflected a reduced cost structure and more normal weather for the
overall year.  Refining and Marketing  operating income was $383 million in
2004, compared to $263 million in 2003 and $143 million in 2002, reflecting
higher refining margins year-over-year and increased refinery throughput in
2004  compared  with 2003.  An  analysis  of  operating  income by industry
segment follows.

APAC

     Operating income from APAC totaled $111 million in 2004, compared with
an operating loss of $42 million in 2003.  Higher  margins on  construction
work,  driven  primarily  by  reduced  operating  costs,  was  the  primary
contributor  to the earnings  improvement.  Income also  increased from the
sale of hot-mix asphalt and  aggregates,  reflecting  improved  pricing and
margins as well as slightly  higher sales volumes in both areas.  Operating
efficiency  increased  as a  result  of  broad-based  business  improvement
programs implemented over the last three years, and somewhat better weather
conditions  for 2004  overall,  compared with the record levels of rainfall
experienced  in 2003.  APAC  reversed  into income $5 million of a job loss
reserve established in 2003 related to a large highway construction project
in Virginia.  Also  contributing to 2004 earnings,  APAC sold a significant
portion of its ready-mix concrete operations in the June quarter, realizing
proceeds  net of selling  expenses  of $38  million and a pretax gain of $9
million.  Costs related to Project PASS, APAC's process redesign initiative
completed during 2004,  amounted to $10 million in 2004,  compared with $20
million in 2003. As of September  30, 2004,  APAC's  construction  backlog,
which consists of contracts  awarded and funded but not yet performed,  was
$1.75 billion, essentially even with the year-end record set in 2003.

     During 2003, APAC reported an operating loss of $42 million,  compared
to income of $122  million  in 2002.  In many of the  states in which  APAC
operates,  rainfall  during 2003 was among the highest  levels on record in
the past 109 years as measured by the National  Climatic  Data  Center.  In
addition to  hampering  the overall  level of  construction  activity,  the
weather  conditions  resulted in  significant  levels of rework and created
significant  inefficiencies  in completing the construction  work that APAC
performed.   Earnings  from  construction  jobs  were  down  significantly,
reflecting  an  11%  decrease  in  net  construction  job  revenues  (total
construction job revenues less subcontract costs) and a related increase in
overhead   costs  not  allocated  to  individual   jobs.  As  a  result  of
weather-related  cost increases and construction  delays,  APAC established
reserves for job losses on several projects,  including $14 million related
to a large highway construction project in Virginia. Margins of the asphalt
plants  were  also  down  due  to  an  11%  decrease  in   production   and
significantly  higher costs for liquid asphalt and fuel. In addition,  APAC
recognized an impairment charge of $9 million associated with non-strategic
businesses  identified for sale. Costs associated with Project PASS, APAC's
process redesign  initiative,  amounted to $20 million in 2003, compared to
$17 million in 2002.

ASHLAND DISTRIBUTION

     Ashland Distribution  generated record operating income of $78 million
in 2004,  compared with $32 million in 2003.  Sales  increased 14% compared
with 2003,  due to a 7%  increase  in unit  volumes  and a 7%  increase  in
selling prices. Gross profit as a percent of sales declined slightly,  from
9.9% to 9.6%,  attributable primarily to lower margins within the chemicals
product category. Selling, general and administrative expenses were reduced
10%, reflecting  cost-cutting and efficiency  improvements achieved through
Ashland's  Top-Quartile  Cost Structure  (TQCS) program that began in 2003.
Income in 2004 increased from all regions, both domestically and in Europe.



                                    M-2
<PAGE>
     Operating income from Ashland Distribution  amounted to $32 million in
2003,  compared to $1 million in 2002.  Overall sales were up 11% (of which
5% came from higher  volumes),  despite a  continuing  sluggish  industrial
production  environment.  Reported  results for 2003 included $6 million of
gains from property sales and litigation  settlements,  as well as a charge
of $5  million  for staff  reductions  under the TQCS  program.  Results of
Ashland  Distribution  for 2002  included  income  of $7  million  from the
settlement of the sorbate antitrust litigation.

ASHLAND SPECIALTY CHEMICAL

     Operating  income from  Ashland  Specialty  Chemical  increased to $87
million in 2004,  compared to $31 million in 2003. Sales from the thermoset
resins  businesses  (Casting  Solutions,  Composite  Polymers and Specialty
Polymers & Adhesives)  increased  17%,  reflecting  an 11% increase in unit
sales  volumes and a 6% increase in selling  prices.  The increase in sales
was  partially  offset by a decline in gross profit  percentage  due to the
inability to fully recover  persistently  rising raw materials  costs.  The
water  technologies  businesses  (Drew Industrial and Drew Marine) achieved
higher income as a result of a 7% increase in revenues.  Ashland  Specialty
Chemical's  selling,  general and  administrative  expenses were reduced in
2004,  reflecting cost reductions  achieved through Ashland's TQCS program.
Adding to income in 2004, a parcel of land and fixed assets in  Plaquemine,
Louisiana  were sold for net proceeds of $9 million,  resulting in a pretax
gain of $6 million.  Results for 2003 included an impairment  charge of $10
million for a maleic anhydride production facility,  as well as a charge of
$5 million for staff reductions under the TQCS program.

     Ashland Specialty  Chemical's operating income amounted to $31 million
in 2003,  compared to $70 million in 2002.  Although  overall sales were up
7%, the individual businesses reported mixed results. Earnings from most of
the thermoset  resins  businesses  were down,  reflecting raw material cost
increases that were not completely  recovered in the  marketplace.  Results
from  Castings  Solutions and Drew  Industrial  were up,  reflecting  sales
increases of 11% and 8%,  combined  with more stable  margins.  In spite of
higher sales, operating income from Drew Marine was down largely due to the
effects of the weakening U.S.  dollar on margins.  Sales of Drew Marine are
principally  denominated  in U.S.  dollars,  while  most of its  costs  are
denominated  in foreign  currencies.  In addition,  the earnings of Ashland
Specialty  Chemical for 2003 included an  impairment  charge of $10 million
for a maleic  anhydride  production  facility,  as well as a  charge  of $5
million for staff reductions under the TQCS program.

VALVOLINE

     Valvoline  generated  record operating income of $105 million in 2004,
compared with $87 million in 2003.  Lubricant  sales  volumes  decreased 1%
from 2003, but unit sales of  higher-margin  premium  lubricants  (MaxLife,
Durablend and SynPower)  increased 15%. Valvoline Instant Oil Change (VIOC)
reported its third year of record  earnings due in part to a 3% increase in
non-oil  change  revenues  and  a  2%  increase  in  premium  oil  changes,
contributing  to a 6%  increase  in the average  sale per  customer  visit.
Valvoline's international operations posted record operating income, mostly
due to a 6% increase in lubricant sales volumes and  strengthening  foreign
currencies.  At September 30, 2004, VIOC operated 360 company-owned service
centers,  compared to 357 centers in 2003 and 363 centers in 2002. The VIOC
franchising program continues to expand, with 397 centers open at September
30, 2004,  compared to 372 centers in 2003 and 335 centers in 2002.  VIOC's
future growth will continue to focus principally on expanding the number of
franchised rather than company-owned centers.

     Operating  income  from  Valvoline  amounted  to $87  million in 2003,
compared to $77 million in 2002.  Branded lubricant volume was up slightly,
but the mix improved  considerably  with higher margin  premium  lubricants
accounting  for  18.5% of the  total in  2003,  compared  to 16.1% in 2002.
Significant improvements were also achieved from international  operations,
VIOC and  automotive  system  fluids.  Valvoline  International  had better
volumes and margins in Europe and Australia,  and their improved  operating
results were further enhanced by strengthening foreign currency translation
rates.  VIOC's increased earnings reflected a growing number of oil changes
using premium lubricants and increased revenues from transmission, cooling,
fuel and air quality  system  services.  Valvoline  also sold its remaining
inventory of R-12 refrigerant at a small profit.


REFINING AND MARKETING

     Operating income from Refining and Marketing, which consists primarily
of equity income from Ashland's 38% ownership  interest in MAP, amounted to
$383  million  in 2004,  compared  to $263  million in 2003.  In 2004,  MAP
achieved its second  highest  level of earnings for the twelve months ended
September.  Equity  income from MAP's  refining  and  marketing  operations
increased  $127  million,  reflecting an increase of 52 cents per barrel in
its refining and wholesale  marketing  margin.  MAP's refineries  processed
approximately 1.1 million barrels per day of crude oil and other feedstocks
during 2004,  an increase of 5% from 2003.  Equity income from MAP's retail
operations


                                    M-3

<PAGE>
     (Speedway  SuperAmerica and a 50% interest in the Pilot Travel Centers
joint venture) declined $6 million due to an $8 million gain on the sale of
Speedway SuperAmerica's southern stores in 2003.

     On March 19, 2004, Ashland announced the signing of an agreement under
which  it  would  transfer  its 38%  interest  in MAP and two  wholly-owned
businesses to Marathon in a transaction structured to be generally tax free
and valued at approximately $3.0 billion (the "MAP  Transaction").  The two
other  businesses  are  Ashland's  maleic  anhydride  business  and 61 VIOC
centers.  The  transaction  is  subject  to  several  previously  disclosed
conditions,  including  approval by  Ashland's  shareholders,  consent from
Ashland's  public debt  holders and receipt of a favorable  private  letter
ruling from the  Internal  Revenue  Service  (IRS) with  respect to the tax
treatment.  Ashland has filed  registration  statements and proxy materials
with the  Securities  and Exchange  Commission  (SEC) and is  responding to
comments. In addition, Ashland submitted a request to the IRS for a private
letter ruling on the tax-free status of the proposed  transaction.  Ashland
continues  to discuss the complex  tax issues  related to this  transaction
with the IRS.  Ashland  has not  resolved  all  issues  with the IRS and is
exploring  alternatives  for the resolution of these issues.  At this time,
Ashland cannot predict whether the requested  rulings will be received.  If
the requested  rulings are not received,  the transaction  would have to be
modified or  terminated.  In any event,  Ashland  does not  believe  that a
transaction will close earlier than March 2005.

     Operating income from Refining and Marketing was $263 million in 2003,
compared to $143  million in 2002.  Equity  income from MAP's  refining and
wholesale marketing operations was up $92 million,  principally  reflecting
an increase of 77 cents a barrel in its  refining and  wholesale  marketing
margin and higher  operating  expenses.  Equity  income  from MAP's  retail
operations increased by $20 million, reflecting a gain of $8 million on the
sale of  Speedway  SuperAmerica's  southern  stores and higher  product and
merchandise margins for Pilot Travel Centers.

CORPORATE

     Corporate expenses were $102 million in 2004, $105 million in 2003 and
$92 million in 2002. The reduction in expense  reflects an increase in 2004
of $16 million related to performance-based employee incentive plans, which
was more than offset by the  inclusion  in 2003 of $19 million in severance
and other  transition  costs  related  to  Ashland's  TQCS and  other  cost
reduction  programs.  The  increase in 2003  compared to 2002  reflects the
expense  in 2003 for  severance  and  other  transition  costs  related  to
Ashland's TQCS and other cost reduction  programs,  increased incentive and
deferred  compensation  costs and $6 million  related to the  expensing  of
employee stock  options.  Those  increases  were partially  offset by lower
ongoing  administrative  costs in 2003, as well as additional reserves that
were included in 2002 costs.

NET INTEREST AND OTHER FINANCIAL COSTS

     The  following  table  summarizes  the  components of net interest and
other financial costs.
<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
NET INTEREST AND OTHER FINANCIAL COSTS
Interest expense                                                                $      114   $      123   $      135
Expenses on sales of accounts receivable                                                 3            3            4
Other financial costs                                                                    3            3            3
Interest income                                                                         (6)          (1)          (4)
                                                                                -----------  -----------  -----------
                                                                                $      114   $      128   $      138
                                                                                ===========  ===========  ===========

</TABLE>
     Ashland's long-term debt declined from $1.9 billion at October 1, 2001
to $1.5  billion at the end of fiscal 2004,  accounting  for a reduction in
interest  expense of $12  million in 2003 and an  additional  $9 million in
2004.  Interest  income  increased  $5 million  in 2004,  with most of that
increase due to the recognition of interest  income  associated with income
tax refunds claimed for prior years.

INCOME TAXES

     Ashland's  income tax  expense  for 2004  included  $48 million in tax
benefits  related  to  prior  years.   During  the  year,  Ashland  reached
resolution  with the Internal  Revenue  Service on several open tax matters
from prior years,  resulting in a tax benefit of $33 million as a result of
the reduction of amounts previously provided as contingent tax liabilities.
In addition, Ashland recognized federal income tax benefits associated with
a claim for additional  research and  development tax credits valued at $15
million.  Excluding these two items,  Ashland's adjusted effective tax rate
was 36.0% in 2004,  compared to 31.9% in 2003.  The overall  effective rate
was lower in 2003 than in 2004



                                    M-4
<PAGE>

due to Ashland's  lower level of earnings in 2003 and the resulting  larger
relative  portion of those earnings  derived from income taxed at less than
full U.S. statutory rates.

     Ashland's  overall  effective  income tax rate  declined from 37.2% in
2002 to 31.9% in 2003.  Recurring  nontaxable income, such as equity income
from foreign operations,  had a larger effect on the effective rate in 2003
due to the reduced level of earnings.  In addition,  the changed investment
climate  resulted in nontaxable  income being realized under life insurance
policies  during  2003,  compared  to 2002 when  nondeductible  losses were
incurred.  These life  insurance  policies are the  underlying  investments
behind Ashland's deferred compensation programs.

DISCONTINUED OPERATIONS AND ACCOUNTING CHANGES

     Results of Ashland's discontinued operations are summarized below. See
Note  N of  Notes  to  Consolidated  Financial  Statements  for  additional
information.
<TABLE>
<CAPTION>

(In millions)                                                                        2004        2003         2002
-------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>          <C>          <C>
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (NET OF TAX)
Reserves for asbestos-related litigation (net of insurance recoveries)         $      (18)  $    (109)   $       -
Electronic Chemicals
      Results of operations                                                             -          14           13
      Gain on sale of operations                                                       (3)         81            -
Resolution of tax contingency issues                                                    1           -            -
                                                                               -----------  ----------   ----------
                                                                               $      (20)  $     (14)   $      13
                                                                               ===========  ==========   ==========

</TABLE>

     Ashland is subject to liabilities from claims alleging personal injury
caused  by  exposure  to  asbestos.   Such  claims  result  primarily  from
indemnification  obligations undertaken in 1990 in connection with the sale
of Riley Stoker Corporation, a former subsidiary.  During the quarter ended
December 31, 2002,  Ashland  increased  its reserve for asbestos  claims by
$390  million  to cover  litigation  defense  and  claim  settlement  costs
expected to be paid  through  December  2012.  Because  insurance  provides
reimbursements  for most of these  costs and  coverage-in-place  agreements
exist with the insurance  companies that provide  substantially  all of the
coverage being accessed, the increase in the asbestos reserve was offset in
part by probable insurance recoveries valued at $235 million. The resulting
$155 million pretax charge to income,  net of deferred  income tax benefits
of $60  million,  was  reflected  as an  after-tax  loss from  discontinued
operations of $95 million in the Statement of  Consolidated  Income for the
three  months  ended  December  31,  2002.  Additional  reserves  have been
provided  since  then to  reflect  updates  in the  estimate  of  potential
payments for litigation defense and claim settlement costs.

     During 2003,  Ashland sold the net assets of its Electronic  Chemicals
business and certain  related  subsidiaries  for $300  million.  Due to the
sale, the results of operations of those businesses, as well as the gain on
the sale, were shown in discontinued operations.

     During 2004,  Ashland  reached  resolution  with the Internal  Revenue
Service  on  several  open tax  matters  from  prior  years,  as  described
previously  in the  discussion  of income  taxes.  In  addition  to amounts
reported in income from  continuing  operations,  favorable  resolution was
also reached on matters associated with previously discontinued businesses,
resulting  in a $1 million tax benefit  from the  associated  reduction  in
contingent tax liabilities previously recorded.

     As  discussed  in  Note A to the  Consolidated  Financial  Statements,
Ashland  adopted certain  pronouncements  of the FASB during the last three
years.  As of July 1, 2003,  Ashland  consolidated  a lessor  entity in its
financial  statements  under FIN 46, and doing so resulted in an  after-tax
charge of $5 million to adjust the depreciation  included in the cumulative
lease payments to conform to Ashland's  depreciation methods.  Ashland also
adopted FAS 142 in 2002 and  recognized an  impairment  loss of $11 million
after income taxes to write off the goodwill of Ashland Distribution.

FINANCIAL POSITION

LIQUIDITY

     Cash flows from  operations,  a major source of  Ashland's  liquidity,
amounted to $209 million in 2004,  $242 million in 2003 and $168 million in
2002. Such amounts include cash  distributions  from MAP of $146 million in
2004, $197 million in 2003 and $196 million in 2002.  During 2004,  Ashland
paid income taxes of $84 million,


                                    M-5
<PAGE>

compared  with $24 million in 2003 and $158  million in 2002.  Ashland also
contributed $137 million to its qualified  pension plans in 2004,  compared
with $61  million  in 2003 and  $103  million  in  2002.  Cash  flows  from
operations  during 2004 were  supplemented by $108 million in proceeds from
the issuance of common stock resulting from stock option exercises, as well
as $48  million  from the sale of certain  APAC  operations.  Over the last
three years,  cash flows from operations  approximately  equaled  Ashland's
capital requirements for net property additions and dividends,  despite the
fact that cash  distributions  from MAP have been suspended  since December
31, 2003, pending closure of the MAP Transaction.  Ashland's share of MAP's
undistributed cash on September 30, 2004 was $203 million.

     Ashland's  financial position has enabled it to obtain capital for its
financing needs and to maintain investment grade ratings on its senior debt
of Baa2 from Moody's and BBB from Standard & Poor's (S&P).  In August 2003,
S&P revised its outlook on Ashland to  negative  from  stable,  and lowered
Ashland's commercial paper rating to A-3 from A-2. In March 2004, following
the announcement of the pending MAP Transaction, S&P affirmed its long-term
debt rating and placed  Ashland's  A-3  commercial  paper  rating on credit
watch  with  positive  implications.  Conversely,  in March  2004,  Moody's
lowered  Ashland's  commercial  paper rating to P-3 from P-2. These actions
materially restrict, and could at times eliminate,  the availability of the
commercial  paper  market to  Ashland.  Ashland  has two  revolving  credit
agreements providing for up to $350 million in borrowings. Although Ashland
borrowed $175 million  under these  agreements  to repay  commercial  paper
shortly after the S&P downgrade in 2003,  the revolving  credit  agreements
were not used during 2004.  In the June 2004 quarter,  Ashland  executed an
additional $200 million  revolving credit agreement which expires March 31,
2005.  Ashland  has  utilized  this  facility  to fund  currently  maturing
long-term debt and certain lease payments,  and had $40 million outstanding
under this  facility at September  30,  2004.  While the  revolving  credit
agreements  contain  covenants  limiting new borrowings  based on Ashland's
stockholders'  equity,  these agreements would have permitted an additional
$2.4 billion of borrowings at September  30, 2004.  Additional  permissible
borrowings are increased  (decreased) by 150% of any increase (decrease) in
stockholders' equity.

     At September 30, 2004,  working capital (excluding debt due within one
year)  amounted to $926  million,  compared  to $703  million at the end of
2003.  Ashland's  working capital is affected by its use of the LIFO method
of  inventory  valuation.   That  method  valued  inventories  below  their
replacement  costs by $95 million at September 30, 2004, and $78 million at
September  30, 2003.  Liquid assets (cash,  cash  equivalents  and accounts
receivable)  amounted to 84% of current  liabilities at September 30, 2004,
compared to 92% at the end of 2003.  Essentially  all of this  decrease was
due to a $337 million increase in debt due within one year.

CAPITAL RESOURCES

     Property  additions  amounted  to $500  million  during the last three
years and are  summarized in the  Information  by Industry  Segment on page
F-27.  Property  additions  in 2004  included  a $33  million  buyout of an
operating  lease for a portion of the buildings on Ashland's  Dublin,  Ohio
campus.  For the past three  years,  APAC  accounted  for 45% of  Ashland's
capital  expenditures,  while Ashland Specialty  Chemical  accounted for an
additional  25%.  Capital used for  acquisitions  (including  assumed debt)
amounted to $27 million  during the last three years,  of which $20 million
was  invested  in APAC,  $4 million in Ashland  Specialty  Chemical  and $3
million  in  Valvoline.  A summary of the  capital  employed  in  Ashland's
operations  follows.  The  increase in capital  employed  in  Refining  and
Marketing  in  2004  is   attributed  to  the  terms  of  the  pending  MAP
Transaction,  under which MAP suspended  quarterly  cash  distributions  to
Ashland  and  Marathon  after  December  31,  2003 until the closing of the
transaction.  The  reduction  in  capital  employed  in  Ashland  Specialty
Chemical  in 2003  resulted  principally  from the  sale of the  Electronic
Chemicals business.

<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
CAPITAL EMPLOYED
APAC                                                                            $      959   $    1,014   $    1,039
Ashland Distribution                                                                   449          418          459
Ashland Specialty Chemical                                                             490          438          610
Valvoline                                                                              388          399          343
Refining and Marketing                                                               2,053        1,866        1,818

</TABLE>

     Long-term  borrowings  provided  cash flows of $55 million  during the
last three years,  the proceeds from which were used in part to retire $456
million of long-term debt. Debt retirements included scheduled  maturities,
as well as prepayments or refundings to reduce interest  costs.  Cash flows
were  supplemented  as  necessary  by the  issuance  of  short-term  notes,
commercial paper and borrowings under the revolving credit agreements.




                                    M-6

<PAGE>

     During  2004,  Ashland  reduced  its total debt by $66 million to $1.5
billion. Stockholders' equity increased by $453 million during 2004 to $2.7
billion.  Increases resulting from $378 million of net income, $132 million
from issuance of common shares under stock  incentive and other plans,  and
$33 million of translation  gains  associated with foreign  operations were
partially  offset  by  cash  dividends  of $77  million  and a $13  million
increase in the  minimum  pension  liability.  Debt as a percent of capital
employed  was reduced  from 41.7% at the end of 2003 to 36.4% at  September
30, 2004.

     At  September  30,  2004,  Ashland's  debt  included  $69  million  of
floating-rate  obligations,  and the interest  rates on an additional  $183
million of  fixed-rate,  medium-term  notes were  effectively  converted to
floating  rates  through  interest  rate  swap  agreements.   In  addition,
Ashland's costs under its sale of receivables program and various operating
leases are based on the  floating-rate  interest  costs on $187  million of
third-party debt underlying those  transactions.  As a result,  Ashland was
exposed to short-term  interest rate  fluctuations  on $439 million of debt
obligations at September 30, 2004.

     During 2005,  Ashland  expects capital  expenditures of  approximately
$280 million,  excluding any buyouts of current leases,  compared with $210
million in 2004.  Most of the  increase is planned for APAC and  Valvoline.
Improvements in APAC's equipment  management  processes and a sizable lease
program  during  the past two years  has  allowed a  reduction  in  capital
expenditures  during that period.  Valvoline's  increase  reflects  capital
spending on various organic growth and efficiency  improvement projects. In
2004, Ashland initiated a multi-year SAP enterprise resource planning (ERP)
project  that is expected to be  implemented  world-wide  across  Ashland's
Chemical Sector to achieve increased efficiency and effectiveness in supply
chain, financial, and environmental,  health and safety processes.  Capital
costs for this  project  through 2007 are expected to total in the range of
$90 to $100 million,  of which  approximately $25 million is expected to be
spent  in  2005.  Ashland's  capital  requirements  in  2005  for  property
additions  and  dividends  will be met  from  internally  generated  funds.
Scheduled  debt  repayments  of $439  million  will be met  either  through
proceeds from the pending MAP  Transaction or, if that  transaction  should
not  close,  partially  from  short-term  investments  and  partially  from
refundings.

     The following table  aggregates  Ashland's  commitments to make future
payments under existing  contracts at September 30, 2004.  Contractual cash
obligations  for which the  ultimate  settlement  amounts are not fixed and
determinable have been excluded.

<TABLE>
<CAPTION>
                                                                                     2006-       2008-       Later
(In millions)                                             Total         2005         2007        2009        Years
-------------------------------------------------------------------------------------------------------------------
<S>                                                   <C>         <C>          <C>          <C>          <C>
CONTRACTUAL OBLIGATIONS
Short-term and long-term debt (1)                     $   2,151   $      544   $      341   $     499    $     767
Operating lease obligations                                 257           47           76          51           83
Purchase obligations
      Construction subcontracts                             570          513           57           -            -
      Construction materials                                387          319           66           1            1
      Other raw materials                                   173           75           88          10            -
      Property, plant and equipment                           6            6            -           -            -
Employee benefit obligations (2)                            401          104           62          65          170
                                                      ----------  -----------  -----------  ----------   ----------
Total contractual obligations                         $   3,945   $    1,608   $      690   $     626    $   1,021
                                                      ==========  ===========  ===========  ==========   ==========
</TABLE>
(1)   Includes   principal  and  interest   payments.   Capitalized   lease
      obligations are not significant and are included in long-term debt.
(2)   Includes  estimated funding of Ashland's  qualified U.S. and non-U.S.
      pension plans for 2005, as well as projected benefit payments through
      2014   under   Ashland's   nonqualified   pension   plans  and  other
      postretirement  benefit  plans.  See Note O of Notes to  Consolidated
      Financial Statements for additional information.

OFF-BALANCE SHEET ARRANGEMENTS

     Ashland and its subsidiaries are lessees of office  buildings,  retail
outlets, transportation and off-road construction equipment, warehouses and
storage  facilities,  and other equipment,  facilities and properties under
leasing  agreements that expire at various dates.  Under various  operating
leases,  Ashland  has  guaranteed  the  residual  value  of the  underlying
property.  If Ashland had canceled  those leases at September 30, 2004, its
maximum obligations under the residual value guarantees would have amounted
to $98 million.  Ashland does not expect to incur any significant charge to
earnings  under  these  guarantees,  $24  million of which  relates to real
estate. These


                                    M-7

<PAGE>

lease  agreements are with unrelated third party lessors and Ashland has no
additional contractual or other commitments to any parties to the leases.

     Ashland has also  guaranteed  38% of MAP's  payments for certain crude
oil purchases,  up to a maximum guarantee of $95 million.  At September 30,
2004,  Ashland's  contingent liability under this guarantee amounted to the
full $95  million.  Ashland  has not made and does not  expect  to make any
payments under this guarantee.

     During 2000, Ashland entered into a five-year agreement to sell, on an
ongoing  basis  with  limited  recourse,  up to a  $200  million  undivided
interest in a designated  pool of accounts  receivable.  Under the terms of
the agreement, new receivables are added to the pool and collections reduce
the pool. Since inception,  interests  totaling $150 million have been sold
on a continuous  basis,  except for a period between April 29 and September
7, 2003, when the full $200 million capacity was utilized.  Ashland retains
a credit  interest in these  receivables  and addresses its risk of loss on
this retained interest in its allowance for doubtful accounts.  Receivables
sold exclude defaulted accounts or concentrations  over certain limits with
any one customer.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

     The  preparation  of  Ashland's   consolidated   financial  statements
requires  management  to make  estimates  and  assumptions  that affect the
reported  amounts of assets,  liabilities,  revenues and expenses,  and the
disclosures of contingent  assets and liabilities.  Significant  items that
are subject to such estimates and assumptions  include  long-lived  assets,
employee  benefit  obligations,  reserves and  associated  receivables  for
asbestos  litigation and environmental  remediation,  and income recognized
under construction  contracts.  Although  management bases its estimates on
historical experience and various other assumptions that are believed to be
reasonable   under  the   circumstances,   actual   results   could  differ
significantly  from the estimates  under other  assumptions  or conditions.
Management has reviewed the estimates  affecting these items with the Audit
Committee of Ashland's Board of Directors.

LONG-LIVED ASSETS

     The cost of plant and equipment is  depreciated  by the  straight-line
method over the  estimated  useful  lives of the assets.  Useful  lives are
based on  historical  experience  and are adjusted  when changes in planned
use,  technological  advances or other  factors show that a different  life
would  be more  appropriate.  Such  costs  are  periodically  reviewed  for
recoverability  when  impairment  indicators are present.  Such  indicators
include,  among other factors,  operating losses,  unused capacity,  market
value declines and technological obsolescence. Recorded values of property,
plant  and  equipment  that  are  not  expected  to  be  recovered  through
undiscounted  future net cash flows are written down to current fair value,
which  generally is determined  from estimated  discounted  future net cash
flows (assets held for use) or net realizable value (assets held for sale).
During 2003,  Ashland  recognized an impairment charge of $10 million for a
maleic  anhydride  production facility  that is shut down and not likely to
reopen  based on  internal  analyses.  Although  circumstances  can  change
considerably over time,  Ashland is not aware of any impairment  indicators
that would  necessitate  periodic  reviews on any significant  asset within
property, plant and equipment at September 30, 2004.

     Intangible   assets  with  indefinite  lives  are  subject  to  annual
impairment tests.  Such tests are completed  separately with respect to the
goodwill  of  each  of  Ashland's  reporting  units,  which  generally  are
synonymous with its industry segments.  However,  the individual  operating
divisions of Ashland Specialty Chemical are also considered reporting units
under FAS 142.  Since market  prices of Ashland's  reporting  units are not
readily  available,  management makes various  estimates and assumptions in
determining the estimated fair values of those units. Fair values are based
principally on EBITDA (earnings before  interest,  taxes,  depreciation and
amortization) multiples of peer group companies for each of these reporting
units.  Ashland recognized  impairment charges of $9 million in 2003 and $2
million in 2004 for goodwill  associated with  non-strategic  businesses of
APAC identified for sale. The most recent annual impairment tests indicated
that the fair values of each of Ashland's  reporting units with significant
goodwill were in excess of their carrying  values,  with the large majority
of those units  exceeding  carrying  value by more than 20%.  Despite  that
excess,   however,   impairment  charges  could  still  be  required  if  a
divestiture  decision  were  made with  respect  to a  particular  business
included in one of the reporting units.

EMPLOYEE BENEFIT OBLIGATIONS

     Ashland and its subsidiaries  sponsor contributory and noncontributory
qualified  and  non-qualified  defined  benefit  pension  plans  that cover
substantially  all  employees in the United States and in a number of other
countries.  Benefits  under these plans  generally  are based on employee's
years of service and compensation  during the years  immediately  preceding
their  retirement.   In  addition,  the  companies  also  sponsor  unfunded
postretirement benefit


                                    M-8
<PAGE>

plans,  which provide health care and life insurance  benefits for eligible
employees who retire or are disabled.  Retiree  contributions  to Ashland's
health care plans are adjusted  periodically,  and the plans  contain other
cost-sharing features, such as deductibles and coinsurance.  Life insurance
plans generally are noncontributory.

     The  principal  assumptions  used to determine  Ashland's  pension and
other  postretirement  benefit  costs are the  discount  rate,  the rate of
compensation  increase  and the expected  long-term  rate of return on plan
assets.  Because  Ashland's  retiree health care plans contain various caps
that  limit  Ashland's  contributions  and  because  medical  inflation  is
expected to  continue  at a rate in excess of these caps for the  immediate
future, no assumption is needed with respect to future inflation in medical
costs.

     The  discount  rates used to  determine  the  present  value of future
pension payments, healthcare costs and life insurance benefits are based on
the  yields on  high-quality,  fixed-income  investments  (such as  Moody's
Aa-rated corporate bonds), as adjusted for the longer duration of Ashland's
pension and other postretirement benefit obligations.  The present value of
Ashland's future  obligations  under the pension and  postretirement  plans
were  determined  using  discount  rates of 6.0% at September 30, 2004, and
6.25% at  September  30,  2003.  Ashland's  expense  under  these  plans is
determined  using the discount rate as of the beginning of the fiscal year,
which amounted to 6.25% for 2004,  6.75% for 2003, 7.25% for 2002, and will
be 6.0% for 2005.

     The rate of  compensation  increase  assumptions are 4.5% for 2004 and
5.0% for 2003 and 2002. The long-term  expected rate of return on assets is
assumed  to be 8.5% in 2004 and 9.0% in 2003 and 2002.  The  return on plan
assets is subject to wide  year-to-year  variances.  For 2004,  the pension
plan assets generated an actual return of 11.8%,  compared to 19.1% in 2003
and losses of 6.7% in 2002. However,  the expected return on plan assets is
designed to be a long-term  assumption,  and actual returns will be subject
to considerable  year-to-year  variances.  Ashland has generated compounded
annual investment  returns of 5.3% and 9.3% on its pension plan assets over
the last  five-year  and ten-year  periods.  Shown below are the  estimated
increases in pension and  postretirement  expense that would have  resulted
from a 1%  change  in each of the  assumptions  for each of the last  three
years.

<TABLE>
<CAPTION>
(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
INCREASE IN PENSIONS COSTS FROM
Decrease in the discount rate                                                   $       21   $       20   $       21
Increase in the salary adjustment rate                                                   9            9           10
Decrease in the expected return on plan assets                                           7            6            5
INCREASE IN OTHER POSTRETIREMENT COSTS FROM
Decrease in the discount rate                                                            2            2            4
</TABLE>

ASBESTOS-RELATED LITIGATION

     Ashland is subject to liabilities from claims alleging personal injury
caused  by  exposure  to  asbestos.   Such  claims  result  primarily  from
indemnification  obligations undertaken in 1990 in connection with the sale
of Riley Stoker Corporation  (Riley),  a former subsidiary.  Although Riley
was neither a producer  nor a  manufacturer  of  asbestos,  its  industrial
boilers  contained some  asbestos-containing  components  provided by other
companies.

     During the December  2002 quarter,  Ashland  increased its reserve for
asbestos  claims by $390 million to cover the litigation  defense and claim
settlement  costs for probable and  reasonably  estimable  future  payments
related to existing  open claims,  as well as an estimate of those that may
be filed in the future.  Prior to December 31, 2002,  the asbestos  reserve
was based on the estimated  costs that would be incurred to settle existing
open claims.  A range of estimates  of future  asbestos  claims and related
costs using  various  assumptions  was  developed  with the  assistance  of
Hamilton, Rabinovitz & Alschuler, Inc. (HR&A). The methodology used by HR&A
to project  future  asbestos  costs was based  largely on Ashland's  recent
experience,  including claim-filing and settlement rates, disease mix, open
claims, and litigation defense and claim settlement costs.  Ashland's claim
experience   was   compared   to  the  results  of   previously   conducted
epidemiological  studies  estimating the number of people likely to develop
asbestos-related diseases. Those studies were undertaken in connection with
national  analyses  of the  population  expected  to have been  exposed  to
asbestos.  Using that information,  HR&A estimated a range of the number of
future  claims that may be filed,  as well as the related costs that may be
incurred in resolving those claims.

     From the range of estimates,  Ashland  recorded the amount it believed
to be the best  estimate,  which  represented  the  expected  payments  for
litigation  defense and claim  settlement  costs during the next ten years.
Subsequent  updates to this estimate have been made, with the assistance of
HR&A,  based on a combination  of a number of factors  including the actual
volume  of new  claims,  recent  settlement  costs,  changes  in the mix of
alleged disease,




                                    M-9


<PAGE>

enacted  legislative  changes and other  developments  impacting  Ashland's
estimate of future  payments.  Ashland's  reserve for asbestos claims on an
undiscounted basis amounted to $618 million at September 30, 2004.

     Projecting future asbestos costs is subject to numerous variables that
are  extremely  difficult  to  predict.  In  addition  to  the  significant
uncertainties  surrounding  the number of claims  that  might be  received,
other  variables  include the type and  severity of the disease  alleged by
each claimant,  the long latency period associated with asbestos  exposure,
dismissal rates, costs of medical treatment,  the impact of bankruptcies of
other companies that are co-defendants in claims, uncertainties surrounding
the litigation  process from  jurisdiction to jurisdiction and from case to
case,  and the impact of  potential  changes  in  legislative  or  judicial
standards. Furthermore, any predictions with respect to these variables are
subject to even greater uncertainty as the projection period lengthens.  In
light  of these  inherent  uncertainties,  Ashland  believes  its  asbestos
reserve  represents the best estimate within a range of possible  outcomes.
As a part of the process to develop Ashland's  estimates of future asbestos
costs, a range of long-term cost models is developed that assumes a run-out
of claims  through  2055.  These models are based on national  studies that
predict the number of people  likely to develop  asbestos-related  diseases
and are heavily  influenced by assumptions  regarding  long-term  inflation
rates for  indemnity  payments and legal  defense  costs,  as well as other
variables  mentioned  previously.  The total future litigation  defense and
claim settlement costs on an undiscounted basis has been estimated within a
reasonably possible range of $400 million to $2.0 billion, depending on the
number of years those costs extend and other  combinations  of  assumptions
selected.  Ashland's reserve  represents  between 10 and 29 years of future
costs,  depending on the model selected. If actual experience is worse than
projected  relative to the number of claims filed,  the severity of alleged
disease  associated  with those claims or costs  incurred to resolve  those
claims,  Ashland may need to increase  further the  estimates  of the costs
associated with asbestos  claims and these  increases could  potentially be
material over time.

     Ashland has insurance  coverage for most of the litigation defense and
claim settlement costs incurred in connection with its asbestos claims, and
coverage-in-place  agreements  exist  with  the  insurance  companies  that
provide  substantially all of the coverage  currently being accessed.  As a
result,  increases  in the asbestos  reserve  have been  largely  offset by
probable insurance  recoveries.  The amounts not recoverable  generally are
due from insurers that are insolvent,  rather than as a result of uninsured
claims or the exhaustion of Ashland's insurance coverage.

     Ashland retained the services of  Tillinghast-Towers  Perrin to assist
management in the estimation of reasonably  possible  insurance  recoveries
associated  with  Ashland's  estimate  of its  asbestos  liabilities.  Such
recoveries are based on management's  assumptions and estimates surrounding
the available or applicable insurance coverage. One such assumption is that
all solvent insurance carriers remain solvent. Although coverage limits are
resolved in the coverage-in-place  agreement with Equitas Limited (Equitas)
and other  London  companies,  which  collectively  provide  a  significant
portion of Ashland's  insurance  coverage for asbestos  claims,  there is a
disagreement  with  these  companies  over the  timing of  recoveries.  The
resolution of this  disagreement  could have a material effect on the value
of insurance  recoveries from those  companies.  In estimating the value of
future recoveries,  Ashland has used the least favorable  interpretation of
this  agreement  under which the ultimate  recoveries are extended for many
years,  resulting in a  significant  discount  being applied to value those
recoveries. Ashland will continue to apply this methodology until such time
as the disagreement is resolved.  On July 21, 2004,  Ashland filed a demand
for  arbitration to resolve the dispute  concerning the  interpretation  of
this agreement.

     At  September  30,  2004,   Ashland's  receivable  for  recoveries  of
litigation defense and claim settlement costs from its insurers amounted to
$435 million,  of which $54 million relates to costs previously paid. About
35% of the estimated  receivables from insurance companies at September 30,
2004,  are expected to be due from Equitas and other London  companies.  Of
the  remainder,  approximately  90% is expected to come from  companies  or
groups that are rated A or higher by A. M. Best.

ENVIRONMENTAL REMEDIATION

     Ashland is subject to various federal,  state and local  environmental
laws and regulations that require  environmental  assessment or remediation
efforts (collectively  environmental remediation) at multiple locations. At
September 30, 2004, such locations  included 93 waste treatment or disposal
sites where Ashland has been identified as a potentially  responsible party
under Superfund or similar state laws, approximately 130 current and former
operating  facilities  (including certain operating  facilities conveyed to
MAP) and about 1,220 service  station  properties.  Ashland's  reserves for
environmental  remediation  amounted to $152 million at September 30, 2004.
Such amounts reflect Ashland's estimates of the most likely costs that will
be incurred over an extended period to remediate identified  conditions for
which the costs are reasonably estimable, without regard to any third-party
recoveries.   Engineering  studies,   probability  techniques,   historical
experience and other factors are used to identify and evaluate  remediation
alternatives and their related costs in determining the estimated  reserves
for environmental remediation.



                                    M-10

<PAGE>

     Environmental  remediation  reserves are subject to numerous  inherent
uncertainties  that affect  Ashland's  ability to estimate its share of the
costs. Such uncertainties involve the nature and extent of contamination at
each  site,  the  extent  of  required   cleanup   efforts  under  existing
environmental  regulations,  widely  varying  costs  of  alternate  cleanup
methods,  changes in  environmental  regulations,  the potential  effect of
continuing  improvements  in  remediation  technology,  and the  number and
financial strength of other potentially  responsible  parties at multiparty
sites. Ashland regularly adjusts its reserves as environmental  remediation
continues.  Environmental  remediation  expense  amounted  to $2 million in
2004, $22 million in 2003 and $30 million in 2002.

     No  individual  remediation  location is  material to Ashland,  as its
largest reserve for any site is less than 10% of the  remediation  reserve.
As a result, Ashland's exposure to adverse developments with respect to any
individual  site is not  expected  to be  material,  and these sites are in
various stages of ongoing remediation.  Although environmental  remediation
could  have a  material  effect on  results  of  operations  if a series of
adverse developments occurs in a particular quarter or fiscal year, Ashland
believes that the chance of such developments occurring in the same quarter
or fiscal year is remote.

CONSTRUCTION CONTRACTS

     Income related to  construction  contracts  generally is recognized by
the   units-of-production   method,   which   is   a   variation   of   the
percentage-of-completion method. Construction jobs by their very nature are
subject to numerous risks that could create  variances  from  expectations.
Such risks include changes in raw material and other costs, adverse weather
conditions and the performance of subcontractors and other entities. Income
is only certain after a job is completed,  and the extent of completion can
be difficult to assess in certain circumstances.

     The extent of completion  for each  production  phase is determined by
reference to material quantities,  labor hours,  subcontract costs or other
factors that are believed to be most  indicative of the progress made under
each phase of a project.  Revenues  earned are computed by reference to the
contract or detailed  analyses of revenues and expenses by production phase
that  supported the related  construction  contract or bid proposal.  These
detailed   analyses  also  serve  as  early  indicators  as  to  whether  a
construction   contract  may   ultimately  be  completed  at  a  loss.  Any
anticipated losses on such contracts are charged against operations as soon
as such  losses are  determined  to be  probable  and  estimable.  In 2003,
reserves of $14 million were  established for job losses related to a large
highway construction project in Virginia,  reflecting  weather-related cost
increases and construction delays resulting from record levels of rainfall.
In 2004,  $5 million of that  reserve,  which was the amount  that had been
provided for potential liquidated damages, was reversed into income when it
was determined that those damages would not apply.

     Assumptions concerning the extent of completion can have a significant
effect on the income  recognized on an individual  construction  project in
any  period.  However,  the  effects of  individual  assumptions  on APAC's
reported results are mitigated to some extent by the significant  number of
jobs in various stages of completion at any point in time.

OUTLOOK

     Ashland's  focus  in  2005  will be to  support  long-term  growth  in
earnings and  shareholder  value through  increased  efficiency,  effective
capital management and expansion in existing and adjacent markets. Earnings
performance  will be driven  largely by the  strength of the U.S. and world
economies, in combination with Ashland's continuing efforts to gain greater
operational efficiency.

     The Top-Quartile  Cost Structure (TQCS) program  initiated in 2003 has
yielded selling, general and administrative (SG&A) cost reductions in every
segment,  evidenced  by a reduction in total SG&A expense of $85 million in
2004. In 2005,  this program's  focus will  transition from cost reductions
within the individual  business segments to gains in process efficiency and
effectiveness across the segments.

     Ashland is  currently  in the  design  phase of a  multi-year  SAP ERP
system that is scheduled  to be  implemented  globally  over the next three
years across  Ashland's  Chemical  Sector.  This project  focuses on supply
chain,  financial,  and environmental,  health and safety processes.  It is
expected to provide an integrated  system that streamlines and standardizes
these key processes on an end-to-end basis, with the foundational objective
being to deliver exemplary performance for Ashland's customers.

     Positively  impacting APAC,  federal highway funding for the 14 states
in which APAC  operates  increased  22% in 2004  compared to 2003.  An even
larger  appropriation  for fiscal  year 2005 is pending in  Congress.  APAC
should also benefit from  additional  savings as a result of its multi-year
Project PASS business redesign  initiative that focused on greater leverage
of purchasing  power,  improved  equipment  management  and more  efficient
administrative   support.  At  September  30,  2004,  construction  backlog
amounted to $1.7 billion, essentially the same


                                    M-11


<PAGE>

as the previous year-end record set in 2003.  Earnings are also expected to
benefit from 0.5% higher  estimated  margin on new  construction  contracts
awarded  in 2004,  compared  with that of 2003.  APAC will  pursue  organic
earnings growth through  emphasizing large  construction jobs and expanding
existing  capabilities  in the areas of  concrete  paving,  bridge work and
milling.

     Ashland  Distribution's  strong  earnings  performance  is expected to
continue in 2005, with a focus on increasing  sales volumes through greater
customer  satisfaction from the delivery of on-time,  accurate and complete
orders and overall  reductions in the level of rework in the  order-to-cash
process.  Ashland Specialty Chemical should build on its successes achieved
in  2004  in the  area  of  manufacturing  expense  reduction  and  quality
improvements  through the application of Six Sigma  principles,  as well as
drive revenue growth through various new product  initiatives.  Building on
successes in 2004,  Valvoline  expects to further increase the share of its
lubricants product mix represented by premium brands, reflecting a strategy
of product  innovation,  while also driving growth in its Valvoline Instant
Oil Change  business  through  preventative  maintenance  service.  Ashland
expects to continue  its growth  outside  the U.S.  in areas  where  market
position or the external market dynamics offer attractive opportunities for
profitable growth.

     Ashland was successful in 2004 in largely recovering raw material cost
increases through higher selling prices in most segments.  However, Ashland
Specialty  Chemical did  experience a reduction in gross margin in 2004 due
to its  inability  to fully  recover  those  higher  costs.  The ability to
recover  any cost  increases  that may be  experienced  in 2005  will be an
important determinant of Ashland's earnings.

     Ashland does not believe that the proposed MAP Transaction  will close
earlier  than  March  2005.  If certain  rulings  concerning  the  proposed
transaction are not received from the IRS, the transaction would have to be
modified or terminated.  Forward  petroleum  markets currently suggest that
2005 should be another  strong year for MAP and for Ashland's  Refining and
Marketing  segment  during the period  Ashland  holds its  interest in MAP.
Refining margins are, however, subject to considerable change as actual and
perceived supply and demand factors change.

     Ashland's  sales  and  operating  revenues  are  normally  subject  to
seasonal  variations.  Although  APAC  normally  enjoys a  relatively  long
construction  season,  most of its operating income is generated during the
construction  period of May through October.  In addition,  MAP experiences
demand increases for gasoline during the summer driving season, for propane
and distillate  during the winter heating season and for asphalt during the
construction  season.  The following  table  compares  operating  income by
quarter for the three  years ended  September  30, 2004  (amounts  for each
quarter do not necessarily total to results for the year due to rounding).
<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
QUARTERLY OPERATING INCOME (LOSS)
December 31                                                                     $       92   $       32   $       96
March 31                                                                                10          (24)          (3)
June 30                                                                                292          138          132
September 30                                                                           268          119           96

</TABLE>

EFFECTS OF INFLATION AND CHANGING PRICES

     Ashland's  financial  statements are prepared on the  historical  cost
method of  accounting  and,  as a result,  do not  reflect  changes  in the
purchasing power of the U.S.  dollar.  Although annual inflation rates have
been low in recent  years,  Ashland's  results  are still  affected  by the
cumulative inflationary trend from prior years.

     Certain  of the  industries  in  which  Ashland  and MAP  operate  are
capital-intensive,  and  replacement  costs for their  plant and  equipment
generally would exceed their historical costs.  Accordingly,  depreciation,
depletion  and  amortization  expense  would be greater if it were based on
current  replacement  costs.  However,  since replacement  facilities would
reflect technological improvements and changes in business strategies, such
facilities   would  be  expected  to  be  more   productive  than  existing
facilities, mitigating part of the increased expense.

     Ashland  uses the LIFO  method to value a  substantial  portion of its
inventories  to provide a better  matching of revenues with current  costs.
However, LIFO values such inventories below their replacement costs.

     Monetary  assets  (such  as  cash,   cash   equivalents  and  accounts
receivable) lose purchasing power as a result of inflation,  while monetary
liabilities (such as accounts payable and  indebtedness)  result in a gain,
because they can be settled with dollars of  diminished  purchasing  power.
Ashland's monetary liabilities exceed its monetary assets, which results in
net  purchasing  power  gains and  provides a hedge  against the effects of
future inflation.

                                    M-12

<PAGE>


FORWARD-LOOKING STATEMENTS

     Management's   Discussion   and  Analysis   contains   forward-looking
statements, within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities  Exchange Act of 1934.  These  statements
include those that refer to Ashland's operating  performance,  earnings and
expectations  about the MAP  Transaction.  Although  Ashland  believes  its
expectations  are based on  reasonable  assumptions,  it cannot  assure the
expectations  reflected  herein  will be  achieved.  These  forward-looking
statements  are based upon  internal  forecasts and analyses of current and
future  market  conditions  and trends,  management  plans and  strategies,
weather,  operating  efficiencies and economic conditions,  such as prices,
supply and demand, cost of raw materials,  and legal proceedings and claims
(including  environmental and asbestos matters) and are subject to a number
of risks, uncertainties, and assumptions that could cause actual results to
differ materially from those described in the  forward-looking  statements.
The risks,  uncertainties,  and assumptions  include the  possibility  that
Ashland will be unable to fully realize the benefits  anticipated  from the
MAP  Transaction;  the possibility of failing to receive a favorable ruling
from the Internal  Revenue  Service;  the possibility that Ashland fails to
obtain  the  approval  of  its  shareholders;   the  possibility  that  the
transaction  may not close or that  Ashland  may be required to modify some
aspect of the transaction to obtain regulatory approvals. Other factors and
risks affecting  Ashland are contained in Risks and Uncertainties in Note A
to the  Consolidated  Financial  Statements  and in Item 1 of  this  annual
report on Form 10-K.  Ashland  undertakes  no  obligation  to  subsequently
update or revise these forward-looking statements.

ITEM 7A.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

     Ashland selectively uses unleveraged  interest rate swap agreements to
obtain greater access to the lower  borrowing  costs normally  available on
floating-rate debt, while minimizing refunding risk through the issuance of
long-term,  fixed-rate  debt. At September 30, 2004,  Ashland held interest
rate swaps that effectively converted the interest rates on $183 million of
fixed-rate,  medium-term  notes to floating  rates  based upon  three-month
LIBOR.  The swaps have been designated as fair value hedges,  and since the
critical terms of the debt  instruments and the swaps match, the hedges are
assumed to be  perfectly  effective,  with the changes in fair value of the
debt and swaps offsetting.

     Ashland regularly uses commodity-based and foreign currency derivative
instruments to manage its exposure to price  fluctuations  associated  with
the purchase of natural gas,  diesel fuel and gasoline,  as well as certain
transactions  denominated  in  foreign  currencies.  In  addition,  Ashland
opportunistically enters into petroleum crackspread futures to economically
hedge its refining and marketing earnings. Changes in the fair value of all
derivatives  are  recognized  immediately  in income unless the  derivative
qualifies  as a hedge of future  cash  flows or  certain  foreign  currency
exposures. Ashland has designated a limited portion of its foreign currency
derivatives as qualifying for hedge accounting treatment,  but their impact
on the consolidated financial statements is not significant.  The potential
loss from a hypothetical  10% adverse change in commodity prices or foreign
currency  rates on  Ashland's  open  commodity-based  and foreign  currency
derivative  instruments  at  September  30, 2004,  would not  significantly
affect Ashland's  consolidated  financial position,  results of operations,
cash flows or liquidity.

     MAP uses commodity-based derivatives and financial  instrument-related
derivatives  to  manage  its  exposure  to  commodity  price  risk.   MAP's
management  has  authorized  the  use  of  futures,   forwards,  swaps  and
combinations of options,  including written or net written options, related
to the  purchase or sale of crude oil,  refined  products  and natural gas.
Changes in the fair value of all derivatives are recognized  immediately in
income.


                                    M-13
<PAGE>
ITEM 8.  CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

<TABLE>
<CAPTION>

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL SCHEDULE

                                                                                                                            Page
                                                                                                                           -------
<S>                                                                                                                          <C>
Report of management....................................................................................................     F-2
Report of independent registered public accounting firm.................................................................     F-2
Consolidated financial statements:
         Statements of consolidated income..............................................................................     F-3
         Consolidated balance sheets ...................................................................................     F-4
         Statements of consolidated stockholders' equity................................................................     F-5
         Statements of consolidated cash flows..........................................................................     F-6
         Notes to consolidated financial statements.....................................................................     F-7
Consolidated financial schedule:
         Schedule II - Valuation and qualifying accounts................................................................     F-25
Information by industry segment..........................................................................................    F-26
Five-year selected financial information.................................................................................    F-28
</TABLE>

     Schedules  other than that listed above have been  omitted  because of
the absence of the conditions  under which they are required or because the
information  required is shown in the consolidated  financial statements or
the notes thereto.  Separate financial  statements for MAP required by Rule
3-09 of Regulation  S-X will be filed as an amendment to this annual report
on Form 10-K  within  90 days  after the end of MAP's  fiscal  year  ending
December 31, 2004.  Separate financial  statements of other  unconsolidated
affiliates  are  omitted   because  each  company  does  not  constitute  a
significant  subsidiary  using the 20% tests when considered  individually.
Summarized financial information for such affiliates is disclosed in Note D
of Notes to Consolidated Financial Statements.


                                      F-1
<PAGE>



REPORT OF MANAGEMENT

     Management is responsible for the  consolidated  financial  statements
and other  financial  information  included in this  annual  report on Form
10-K.  Such  financial  statements  are  prepared in  accordance  with U.S.
generally  accepted  accounting   principles.   Accounting  principles  are
selected  and  information  is  reported  which,  using  management's  best
judgment and estimates,  present fairly  Ashland's  consolidated  financial
position,  results  of  operations  and cash  flows.  The  other  financial
information  in this  annual  report  on Form 10-K is  consistent  with the
consolidated financial statements.

     Ashland's  Code of Business  Conduct  summarizes our guiding values as
obeying  the  law,  adhering  to  high  ethical  standards  and  acting  as
responsible  members of the communities  where we operate.  Compliance with
that Code forms the foundation of our internal control  systems,  which are
designed  to  provide  reasonable   assurance  that  Ashland's  assets  are
safeguarded and its records reflect, in all material respects, transactions
in accordance with  management's  authorization.  The concept of reasonable
assurance is based on the recognition that the cost of a system of internal
control should not exceed the related  benefits.  Management  believes that
adequate  internal controls are maintained by the selection and training of
qualified  personnel,  by an appropriate  division of responsibility in all
organizational  arrangements,  by the  establishment  and  communication of
accounting and business policies, and by internal audits.

     The Board,  subject to stockholder  ratification,  selects and engages
the  independent   auditors  based  on  the  recommendation  of  the  Audit
Committee.  The Audit Committee,  composed of directors who are not members
of management,  reviews the adequacy of Ashland's policies,  procedures and
controls,  the  scope of  auditing  and  other  services  performed  by the
independent  auditors,  and the scope of the internal audit  function.  The
Committee  holds meetings with Ashland's  internal  auditor and independent
auditors,  with and without management  present, to discuss the findings of
their  audits,  the overall  quality of Ashland's  financial  reporting and
their evaluation of Ashland's internal controls.

     Ernst & Young,  independent  auditors,  are engaged to audit Ashland's
consolidated  financial  statements.  Their  audit  includes  a  review  of
Ashland's  internal  controls to the extent they consider  necessary in the
circumstances, and their report follows.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

     We have  audited  the  accompanying  consolidated  balance  sheets  of
Ashland Inc. and  consolidated  subsidiaries  as of September  30, 2004 and
2003,  and the related  consolidated  statements  of income,  stockholders'
equity  and cash  flows for each of the  three  years in the  period  ended
September  30,  2004.  Our audits also  included  the  financial  statement
schedule listed in the Index at Item 15(a). These financial  statements and
schedule  are  the  responsibility  of  Ashland  Inc.'s   management.   Our
responsibility  is to express an opinion on these financial  statements and
schedule based on our audits.

     We conducted our audits in accordance with the standards of the Public
Company Accounting Oversight Board (United States). 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 examining,  on a test basis, evidence supporting the amounts
and  disclosures  in the  financial  statements.  An  audit  also  includes
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 (appearing
on pages F-3 to F-27 of this annual report on Form 10-K) present fairly, in
all material respects,  the consolidated financial position of Ashland Inc.
and  consolidated  subsidiaries  at  September  30, 2004 and 2003,  and the
consolidated  results of their  operations and their cash flows for each of
the three years in the period ended  September 30, 2004, in conformity with
U.S. generally accepted accounting  principles.  Also, in our opinion,  the
related financial  statement  schedule,  when considered in relation to the
basic  financial  statements  taken  as a  whole,  presents  fairly  in all
material respects the information set forth therein.

     As discussed in Note A to the  financial  statements,  in 2003 Ashland
Inc.  changed its methods of  accounting  for  employee  stock  options and
variable  interest  entities and in 2002 Ashland Inc. changed its method of
accounting for goodwill and other intangible assets.

                                                          Ernst & Young LLP

Cincinnati, Ohio
November 3, 2004
                                    F-2

<PAGE>

Ashland Inc. and Consolidated Subsidiaries
STATEMENTS OF CONSOLIDATED INCOME
Years Ended September 30

<TABLE>
<CAPTION>
(In millions except per share data)                                                   2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
REVENUES
Sales and operating revenues                                                    $    8,301   $    7,566   $    7,390
Equity income - Note D                                                                 432          301          181
Other income                                                                            48           45           46
                                                                                -----------  -----------  -----------
                                                                                     8,781        7,912        7,617
COSTS AND EXPENSES
Cost of sales and operating expenses                                                 6,948        6,390        6,115
Selling, general and administrative expenses                                         1,171        1,256        1,181
                                                                                -----------  -----------  -----------
                                                                                     8,119        7,646        7,296
                                                                                -----------  -----------  -----------
OPERATING INCOME                                                                       662          266          321
Net interest and other financial costs - Note E                                       (114)        (128)        (138)
                                                                                -----------  -----------  -----------
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES                                  548          138          183
Income taxes - Note J                                                                 (150)         (44)         (68)
                                                                                -----------  -----------  -----------
INCOME FROM CONTINUING OPERATIONS                                                      398           94          115
Results from discontinued operations (net of income taxes) - Note N                    (20)         (14)          13
                                                                                -----------  -----------  -----------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES                                  378           80          128
Cumulative effect of accounting changes (net of income taxes) - Note A                   -           (5)         (11)
                                                                                -----------  -----------  -----------
NET INCOME                                                                      $      378   $       75   $      117
                                                                                ===========  ===========  ===========

EARNINGS PER SHARE - NOTE A
Basic
      Income from continuing operations                                         $     5.69   $     1.37   $     1.67
      Results from discontinued operations                                            (.28)        (.19)         .19
      Cumulative effect of accounting changes                                            -         (.08)        (.17)
                                                                                -----------  -----------  -----------
      Net income                                                                $     5.41   $     1.10   $     1.69
                                                                                ===========  ===========  ===========
Diluted
      Income from continuing operations                                         $     5.59   $     1.37   $     1.64
      Results from discontinued operations                                            (.28)        (.19)         .19
      Cumulative effect of accounting changes                                            -         (.08)        (.16)
                                                                                -----------  -----------  -----------
      Net income                                                                $     5.31   $     1.10   $     1.67
                                                                                ===========  ===========  ===========
</TABLE>

See Notes to Consolidated Financial Statements.

                                    F-3
<PAGE>


Ashland Inc. and Consolidated Subsidiaries
CONSOLIDATED BALANCE SHEETS
September 30

<TABLE>
<CAPTION>
(In millions)                                                                                      2004         2003
---------------------------------------------------------------------------------------------------------------------
<S>                                                                                           <C>          <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents                                                                     $     243    $     223
Accounts receivable (less allowances for doubtful accounts of
      $41 million in 2004 and $35 million in 2003)                                                1,290        1,135
Inventories - Note A                                                                                458          441
Deferred income taxes - Note J                                                                      103          142
Other current assets                                                                                208          144
                                                                                              ----------   ----------
                                                                                                  2,302        2,085
INVESTMENTS AND OTHER ASSETS
Investment in Marathon Ashland Petroleum LLC (MAP) - Note D                                       2,713        2,448
Goodwill - Note A                                                                                   513          523
Asbestos insurance receivable (noncurrent portion) - Note M                                         399          399
Other noncurrent assets                                                                             319          279
                                                                                              ----------   ----------
                                                                                                  3,944        3,649
PROPERTY, PLANT AND EQUIPMENT
Cost
      APAC                                                                                        1,302        1,337
      Ashland Distribution                                                                          356          357
      Ashland Specialty Chemical                                                                    780          723
      Valvoline                                                                                     466          452
      Corporate                                                                                     200          178
                                                                                              ----------   ----------
                                                                                                  3,104        3,047
Accumulated depreciation, depletion and amortization                                             (1,848)      (1,775)
                                                                                              ----------   ----------
                                                                                                  1,256        1,272
                                                                                              ----------   ----------
                                                                                              $   7,502    $   7,006
                                                                                              ==========   ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
--------------------------------------
CURRENT LIABILITIES
Debt due within one year
      Revolving credit facility                                                               $      40    $       -
      Current portion of long-term debt                                                             399          102
Trade and other payables                                                                          1,362        1,371
Income taxes                                                                                         14           11
                                                                                              ----------   ----------
                                                                                                  1,815        1,484
NONCURRENT LIABILITIES
Long-term debt (less current portion) - Note E                                                    1,109        1,512
Employee benefit obligations - Note O                                                               428          385
Deferred income taxes - Note J                                                                      367          291
Reserves of captive insurance companies                                                             179          168
Asbestos litigation reserve (noncurrent portion) - Note M                                           568          560
Other long-term liabilities and deferred credits                                                    330          353
Commitments and contingencies - Notes F and M
                                                                                              ----------   ----------
                                                                                                  2,981        3,269
STOCKHOLDERS' EQUITY - Notes E, K and L
Preferred stock, no par value, 30 million shares authorized                                           -            -
Common stock, par value $1.00 per share, 300 million shares authorized
      Issued - 72 million shares in 2004 and 68 million shares in 2003                               72           68
Paid-in capital                                                                                     478          350
Retained earnings                                                                                 2,262        1,961
Accumulated other comprehensive loss                                                               (106)        (126)
                                                                                              ----------   ----------
                                                                                                  2,706        2,253
                                                                                              ----------   ----------
                                                                                              $   7,502    $   7,006
                                                                                              ==========   ==========

See Notes to Consolidated Financial Statements.
</TABLE>


                                    F-4

<PAGE>
Ashland Inc. and Consolidated Subsidiaries
STATEMENTS OF CONSOLIDATED STOCKHOLDERS' EQUITY
<TABLE>
<CAPTION>
                                                                                            Accumulated
                                                                                                  other
                                                Common         Paid-in        Retained    comprehensive
(In millions)                                    stock         capital        earnings             loss           Total
------------------------------------------------------------------------------------------------------------------------
<S>                                          <C>             <C>             <C>              <C>             <C>
BALANCE AT OCTOBER 1, 2001                   $      69       $     363       $   1,920        $    (126)      $   2,226
Total comprehensive income (1)                                                     117              (68)             49
Cash dividends, $1.10 per common share                                             (76)                             (76)
Issued 382,646 common shares under
      stock incentive and other plans (2)                           16                                               16
Repurchase of 1,219,600 common shares               (1)            (41)                                             (42)
                                             ----------      ----------      ----------       ----------      ----------
BALANCE AT SEPTEMBER 30, 2002                       68             338           1,961             (194)          2,173
Total comprehensive income (1)                                                      75               68             143
Cash dividends, $1.10 per common share                                             (75)                             (75)
Issued 81,698 common shares under
      stock incentive and other plans (2)                           12                                               12
                                             ----------      ----------      ----------       ----------      ----------
BALANCE AT SEPTEMBER 30, 2003                       68             350           1,961             (126)          2,253
Total comprehensive income (1)                                                     378               20             398
Cash dividends, $1.10 per common share                                             (77)                             (77)
Issued 3,310,204 common shares under
      stock incentive and other plans (2)            4             128                                              132
                                             ----------      ----------      ----------       ----------      ----------
BALANCE AT SEPTEMBER 30, 2004 (3)            $      72       $     478       $   2,262        $    (106)      $   2,706
                                             ==========      ==========      ==========       ==========      ==========

</TABLE>
(1)   Reconciliations of net income to total comprehensive income follow.

<TABLE>
<CAPTION>
      (In millions)                               2004            2003            2002
      ---------------------------------------------------------------------------------
<S>                                          <C>             <C>             <C>
      Net income                             $     378       $      75       $     117
      Minimum pension liability adjustment         (21)             24            (144)
           Related tax benefit (expense)             8              (9)             56
      Unrealized translation gains                  32              53              19
           Related tax benefit                       1               -               1
                                             ----------      ----------      ----------
      Total comprehensive income             $     398       $     143       $      49
                                             ==========      ==========      ==========

(2)   Includes  income tax  benefits  resulting  from the exercise of stock
      options of $16 million in 2004 and $2 million in 2002.  The amount in
      2003 was not significant.
(3)   At September 30, 2004, the accumulated  other  comprehensive  loss of
      $106 million (after tax) was comprised of net unrealized  translation
      gains of $23 million and a minimum pension liability of $129 million.

See Notes to Consolidated Financial Statements.
</TABLE>

                                    F-5
<PAGE>
Ashland Inc. and Consolidated Subsidiaries
STATEMENTS OF CONSOLIDATED CASH FLOWS
Years Ended September 30
<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
CASH FLOWS FROM OPERATIONS
Income from continuing operations                                               $      398   $       94   $      115
Expense (income) not affecting cash
      Depreciation, depletion and amortization                                         193          204          208
      Deferred income taxes                                                            125           49         (121)
      Equity income from affiliates                                                   (432)        (301)        (181)
      Distributions from equity affiliates                                             169          203          201
      Other items                                                                        2            1            -
Change in operating assets and liabilities (1)                                        (246)          (8)         (54)
                                                                                -----------  -----------  -----------
                                                                                       209          242          168
CASH FLOWS FROM FINANCING
Proceeds from issuance of long-term debt                                                 -            -           55
Proceeds from issuance of common stock                                                 108            2           11
Repayment of long-term debt                                                           (100)        (216)        (140)
Repurchase of common stock                                                               -            -          (42)
Increase (decrease) in short-term debt                                                  40          (10)          10
Dividends paid                                                                         (77)         (75)         (76)
                                                                                -----------  -----------  -----------
                                                                                       (29)        (299)        (182)
CASH FLOWS FROM INVESTMENT
Additions to property, plant and equipment                                            (210)        (112)        (178)
Purchase of operations - net of cash acquired                                           (5)          (5)         (15)
Proceeds from sale of operations                                                        48            7            -
Other - net                                                                             26           13           26
                                                                                -----------  -----------  -----------
                                                                                      (141)         (97)        (167)
                                                                                -----------  -----------  -----------
CASH PROVIDED (USED) BY CONTINUING OPERATIONS                                           39         (154)        (181)
Cash provided (used) by discontinued operations                                        (19)         287           35
                                                                                -----------  -----------  -----------
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS                                        20          133         (146)
Cash and cash equivalents - beginning of year                                          223           90          236
                                                                                -----------  -----------  -----------
CASH AND CASH EQUIVALENTS - END OF YEAR                                         $      243   $      223   $       90
                                                                                ===========  ===========  ===========

DECREASE (INCREASE) IN OPERATING ASSETS (1)
Accounts receivable                                                             $     (157)  $      (79)  $      110
Inventories                                                                            (14)          15           12
Deferred income taxes                                                                    2           22           17
Other current assets                                                                   (64)          (5)          30
Investments and other assets                                                           (15)           7           41
INCREASE (DECREASE) IN OPERATING LIABILITIES (1)
Trade and other payables                                                               (15)         115         (132)
Income taxes                                                                           (19)         (50)         (18)
Noncurrent liabilities                                                                  36          (33)        (114)
                                                                                -----------  -----------  -----------
CHANGE IN OPERATING ASSETS AND LIABILITIES                                      $     (246)  $       (8)  $      (54)
                                                                                ===========  ===========  ===========
</TABLE>

(1)   Excludes changes resulting from operations acquired or sold.

See Notes to Consolidated Financial Statements.

                                    F-6

<PAGE>
Ashland Inc. and Consolidated Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE A - SIGNIFICANT ACCOUNTING POLICIES

PRINCIPLES OF CONSOLIDATION

     The consolidated  financial statements include the accounts of Ashland
and its majority owned subsidiaries.  Investments in joint ventures and 20%
to 50% owned affiliates are accounted for on the equity method.  In January
2003,  the  Financial   Accounting   Standards  Board  (FASB)  issued  FASB
Interpretation  No.  46  (FIN  46),  "Consolidation  of  Variable  Interest
Entities."  Beginning  July 1, 2003,  the lessor entity in one of Ashland's
lease programs was consolidated in Ashland's financial statements under FIN
46,  resulting  in a pretax  charge of $8 million ($5 million net of income
taxes) for the cumulative effect of this accounting change. Property, plant
and equipment  increased by $27 million and long-term debt increased by $35
million  as a result of the  consolidation  of the lessor  entity.  Ashland
canceled  the lease and  purchased  the  assets  from the lessor in October
2003.


RISKS AND UNCERTAINTIES

     The  preparation  of  Ashland's   consolidated   financial  statements
requires  management  to make  estimates  and  assumptions  that affect the
reported  amounts of assets,  liabilities,  revenues and expenses,  and the
disclosures of contingent  assets and liabilities.  Significant  items that
are subject to such estimates and assumptions  include  long-lived  assets,
employee  benefit  obligations,  reserves and  associated  receivables  for
asbestos  litigation and environmental  remediation,  and income recognized
under construction  contracts.  Although  management bases its estimates on
historical experience and various other assumptions that are believed to be
reasonable   under  the   circumstances,   actual   results   could  differ
significantly from the estimates under different assumptions or conditions.

     Ashland's  results,  including those of Marathon Ashland Petroleum LLC
(MAP),  are affected by domestic  and  international  economic,  political,
legislative,  regulatory and legal actions,  as well as weather conditions.
Economic conditions,  such as recessionary trends, inflation,  interest and
monetary exchange rates, and changes in the prices of crude oil,  petroleum
products and  petrochemicals,  can have a significant effect on operations.
Political  actions may include changes in the policies of the  Organization
of  Petroleum  Exporting  Countries  or  other  developments  involving  or
affecting oil-producing countries,  including military conflict, embargoes,
internal  instability  or actions or  reactions of the U.S.  government  in
anticipation of, or in response to, such actions.  While Ashland  maintains
reserves  for  anticipated   liabilities  and  carries  various  levels  of
insurance,  Ashland  could be affected by civil,  criminal,  regulatory  or
administrative   actions,  claims  or  proceedings  relating  to  asbestos,
environmental  remediation  or other  matters.  In  addition,  climate  and
weather can  significantly  affect  Ashland's  results  from several of its
operations,  such as  APAC's  construction  activities  and  MAP's  refined
product sales.


INVENTORIES

<TABLE>
<CAPTION>
(In millions)                                                                                      2004         2003
---------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>          <C>
Chemicals and plastics                                                                       $      370   $      333
Construction materials                                                                               71           67
Petroleum products                                                                                   61           66
Other products                                                                                       45           48
Supplies                                                                                              6            5
Excess of replacement costs over LIFO carrying values                                               (95)         (78)
                                                                                             -----------  -----------
                                                                                             $      458   $      441
                                                                                             ===========  ===========
</TABLE>


     Chemicals,  plastics and petroleum products with a replacement cost of
$286 million at September 30, 2004, and $279 million at September 30, 2003,
are valued  using the  last-in,  first-out  (LIFO)  method.  The  remaining
inventories are stated  generally at the lower of cost (using the first-in,
first-out [FIFO] or average cost methods) or market.


LONG-LIVED ASSETS, GOODWILL AND OTHER INTANGIBLE ASSETS

     The cost of plant and equipment is  depreciated  by the  straight-line
method  over the  estimated  useful  lives of the  assets.  Such  costs are
periodically  reviewed for  recoverability  when impairment  indicators are
present. Such



                                    F-7
<PAGE>



NOTE A - SIGNIFICANT ACCOUNTING POLICIES (continued)


indicators include, among other factors, operating losses, unused capacity,
market value declines and  technological  obsolescence.  Recorded values of
property, plant and equipment that are not expected to be recovered through
undiscounted  future net cash flows are written down to current fair value,
which  generally is determined  from estimated  discounted  future net cash
flows (assets held for use) or net realizable value (assets held for sale).
During 2003,  Ashland  recognized an impairment charge of $10 million for a
maleic  anhydride  production  facility  that is shutdown and not likely to
reopen based on internal analyses.

     As of October 1, 2001,  Ashland  adopted FASB  Statement  No. 142 (FAS
142),  "Goodwill and Other Intangible  Assets." Under FAS 142, goodwill and
intangible  assets with  indefinite  lives are no longer  amortized but are
subject to annual impairment tests. As a result of the adoption of FAS 142,
it was  determined  the  goodwill  of Ashland  Distribution  was  impaired.
Accordingly,  an impairment  loss of $14 million ($11 million net of income
taxes) was  recorded  as a  cumulative  effect of  accounting  change as of
October 1, 2001.  Ashland  recognized  impairment  charges of $9 million in
2003 and $2  million in 2004 for  goodwill  associated  with  non-strategic
businesses of APAC identified for sale.

     All of Ashland's intangible assets are subject to amortization.  These
intangible  assets  (included in other  noncurrent  assets) and the related
amortization expense are not material to Ashland's  consolidated  financial
position or results of operations.

     Following is a progression of goodwill by segment for the year ended
September 30, 2004.


<TABLE>
<CAPTION>

                                                                                   Ashland
                                                                                 Specialty
(In millions)                                                           APAC      Chemical    Valvoline        Total
---------------------------------------------------------------------------------------------------------------------
<S>                                                                <C>          <C>          <C>          <C>
Balance at October 1, 2003                                         $     426    $       91   $        6   $      523
Goodwill assigned to sold businesses                                     (13)            -            -          (13)
Impairment losses                                                         (2)            -            -           (2)
Currency translation adjustments                                           -             5            -            5
                                                                   ----------   -----------  -----------  -----------
Balance at September 30, 2004                                      $     411    $       96   $        6   $      513
                                                                   ==========   ===========  ===========  ===========

</TABLE>

DERIVATIVE INSTRUMENTS

     Ashland selectively uses unleveraged  interest rate swap agreements to
obtain greater access to the lower  borrowing  costs normally  available on
floating-rate debt, while minimizing refunding risk through the issuance of
long-term,  fixed-rate  debt. At September 30, 2004,  Ashland held interest
rate swaps that effectively converted the interest rates on $183 million of
fixed-rate,  medium-term  notes to floating  rates  based upon  three-month
LIBOR.  The swaps have been designated as fair value hedges,  and since the
critical terms of the debt  instruments and the swaps match, the hedges are
assumed to be  perfectly  effective,  with the changes in fair value of the
debt and swaps offsetting. Settlements of terminated swaps are amortized to
interest expense over the remaining term of the debt.

     Ashland regularly uses commodity-based and foreign currency derivative
instruments to manage its exposure to price  fluctuations  associated  with
the purchase of natural gas,  diesel fuel and gasoline,  as well as certain
transactions  denominated  in  foreign  currencies.  In  addition,  Ashland
opportunistically enters into petroleum crackspread futures to economically
hedge its refining and marketing earnings. Changes in the fair value of all
derivatives  are  recognized  immediately  in income unless the  derivative
qualifies  as a hedge of future  cash  flows or  certain  foreign  currency
exposures. Ashland has designated a limited portion of its foreign currency
derivatives as qualifying for hedge accounting treatment,  but their impact
on the consolidated financial statements is not significant.

     MAP uses commodity-based derivatives and financial  instrument-related
derivatives  to  manage  its  exposure  to  commodity  price  risk.   MAP's
management  has  authorized  the  use  of  futures,   forwards,  swaps  and
combinations of options,  including written or net written options, related
to the  purchase or sale of crude oil,  refined  products  and natural gas.
Changes in the fair value of all derivatives are recognized  immediately in
income.

ENVIRONMENTAL COSTS

     Accruals for environmental  costs are recognized when it is probable a
liability  has  been  incurred  and the  amount  of that  liability  can be
reasonably  estimated.  Such costs are charged to expense if they relate to
the remediation of

                                    F-8
<PAGE>



conditions  caused by past  operations  or are not  expected to mitigate or
prevent  contamination  from future  operations.  Accruals  are recorded at
undiscounted   amounts  based  on  experience,   assessments   and  current
technology,  without regard to any third-party recoveries and are regularly
adjusted as environmental assessments and remediation efforts continue.

STOCK INCENTIVE PLANS

     As of October 1, 2002,  Ashland began expensing employee stock options
in  accordance  with FASB  Statement  No.  123 (FAS 123),  "Accounting  for
Stock-Based Compensation," and its related amendments.  Ashland elected the
modified  prospective  method of adoption,  under which  compensation costs
recorded in the year ended  September  30, 2003 were the same as that which
would have been  recorded had the  recognition  provisions  of FAS 123 been
applied from its original  effective  date.  Results for prior periods were
not restated. Prior to October 1, 2002, Ashland accounted for stock options
under Accounting  Principles Board Opinion No. 25 (APB 25), "Accounting for
Stock Issued to Employees," and related Interpretations, and no expense was
recorded. In 2004, Ashland began granting  stock-settled stock appreciation
rights (SARs), which are expensed like stock options in accordance with FAS
123. In addition to stock options and SARs,  Ashland grants nonvested stock
awards to key  employees  and  directors,  which are  expensed  over  their
vesting period under either APB 25 or FAS 123. See Note L for the impact of
this accounting change on net income and earnings per share.

EARNINGS PER SHARE

     Following is the computation of basic and diluted earnings per share
(EPS) from continuing operations.
<TABLE>
<CAPTION>

(In millions except per share data)                                                   2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
NUMERATOR
Numerator for basic and diluted EPS -
      Income from continuing operations                                         $      398   $       94   $      115
                                                                                ===========  ===========  ===========

DENOMINATOR
Denominator for basic EPS - Weighted average
      common shares outstanding                                                         70           68           69
Common shares issuable upon exercise of stock options                                    1            1            1
                                                                                -----------  -----------  -----------
Denominator for diluted EPS - Adjusted weighted
      average shares and assumed conversions                                            71           69           70
                                                                                ===========  ===========  ===========
EPS FROM CONTINUING OPERATIONS
Basic                                                                           $     5.69   $     1.37   $     1.67
Diluted                                                                               5.59         1.37         1.64

</TABLE>
OTHER

     Cash  equivalents  include highly liquid  investments  maturing within
three months after purchase.

     Income related to  construction  contracts  generally is recognized by
the   units-of-production   method,   which   is   a   variation   of   the
percentage-of-completion  method.  Any anticipated losses on such contracts
are charged against  operations as soon as such losses are determined to be
probable and  estimable.  Other  revenues  generally  are  recognized  when
products are shipped or services  are  provided to customers  and the sales
price is fixed or determinable and  collectibility  is reasonably  assured.
Costs associated with revenues,  including shipping and handling costs, are
recorded in cost of sales and operating expenses.

     Because  Ashland's  products  generally  are sold without any extended
warranties,  liabilities for product warranties are insignificant. Costs of
product warranties generally are expensed as incurred.

     Advertising  costs ($78  million in 2004,  $77 million in 2003 and $78
million in 2002) and research and  development  costs ($43 million in 2004,
$36 million in 2003 and $34 million in 2002) are expensed as incurred.

     Certain prior year amounts have been  reclassified in the consolidated
financial   statements   and   accompanying   notes  to   conform  to  2004
classifications.

                                    F-9
<PAGE>


NOTE B - INFORMATION BY INDUSTRY SEGMENT

     Ashland's  operations  are  managed  along  industry  segments,  which
include APAC, Ashland Distribution,  Ashland Specialty Chemical, Valvoline,
and Refining and  Marketing.  Information  by industry  segment is shown on
pages F-26 and F-27.

     The APAC group of companies performs contract  construction work, such
as  paving,   repairing  and  resurfacing  highways,   streets,   airports,
residential and commercial developments,  sidewalks, and driveways; grading
and base work; and excavation and related activities in the construction of
bridges and structures, drainage facilities and underground utilities in 14
southern and midwestern  states.  APAC also produces and sells construction
materials,  such as hot-mix asphalt,  crushed stone and other aggregate and
ready-mix concrete.

     Ashland Distribution distributes chemicals,  plastics,  composites and
fine  ingredients  in North  America and  plastics in Europe,  and provides
environmental services throughout North America.

     Ashland Specialty Chemical  manufactures  composites,  adhesives,  and
casting binder  chemicals for use in the  transportation  and  construction
industries.  Ashland Specialty  Chemical also manufactures  water treatment
chemicals for use in the general industrial and merchant marine markets.

     Valvoline is a marketer of  premium-branded  automotive and commercial
oils,  automotive  chemicals,  appearance products and automotive services,
with sales in more than 100  countries.  Valvoline  is engaged in the "fast
oil change" business through owned and franchised service centers operating
under the Valvoline Instant Oil Change name.

     The Refining and Marketing  segment  includes  Ashland's 38% ownership
interest  in  Marathon  Ashland  Petroleum  LLC (MAP) and other  activities
associated  with refining and  marketing.  MAP was formed  January 1, 1998,
combining the major elements of the refining,  marketing and transportation
operations  of Ashland and Marathon Oil Company.  MAP has seven  refineries
with a combined crude oil refining capacity of 948,000 barrels per calendar
day, 84 light  products and asphalt  terminals in the Midwest and Southeast
United  States,  about  5,650  retail  marketing  outlets  in 17 states and
significant  pipeline holdings.  Ashland accounts for its investment in MAP
using the equity method.

     Information  about  Ashland's  domestic and  international  operations
follows. Ashland has no material operations in any individual international
country.

<TABLE>
<CAPTION>
                                                         Revenues from                           Property, plant
                                                       external customers                         and equipment
                                              -------------------------------------          ------------------------
(In millions)                                      2004          2003         2002                 2004         2003
---------------------------------------------------------------------------------------------------------------------
<S>                                           <C>          <C>          <C>                  <C>          <C>
United States                                 $   7,406    $    6,787   $    6,662           $    1,105   $    1,140
International                                     1,375         1,125          955                  151          132
                                              ----------   -----------  -----------          -----------  -----------
                                              $   8,781    $    7,912   $    7,617           $    1,256   $    1,272
                                              ==========   ===========  ===========          ===========  ===========


</TABLE>

                                   F-10

<PAGE>


NOTE C - RELATED PARTY TRANSACTIONS

     Ashland sells chemicals and lubricants to MAP and purchases  petroleum
products from MAP. Such transactions are in the ordinary course of business
at  negotiated  prices  comparable  to those  of  transactions  with  other
customers and suppliers. In addition,  Ashland leases certain facilities to
MAP,  and  provides  certain  information   technology  and  administrative
services  to MAP.  The  following  table  indicates  the  amounts  of these
transactions for each of the last three years ended September 30. Ashland's
transactions   with  other   affiliates   and  related   parties  were  not
significant.

<TABLE>
<CAPTION>
(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Ashland's sales to MAP                                                          $       21   $       23   $       24
Ashland's purchases from MAP                                                           274          247          217
Ashland's costs charged to MAP                                                           2            3            6

</TABLE>

     Ashland has entered into a revolving  credit  agreement  providing for
short-term  loans, at Ashland's  discretion,  to MAP at competitive  rates.
Under the  agreement,  Ashland may loan up to $190 million to MAP. No loans
were  outstanding  under the  agreement  at  September  30,  2004 and 2003.
Interest income received from MAP in all three years was not significant.

     Ashland has  guaranteed  38% of MAP's  payments for certain  crude oil
purchases, up to a maximum guarantee of $95 million. At September 30, 2004,
Ashland's  contingent  liability  under  this  guarantee  amounted  to  $95
million.  Although  Ashland  has not made and does not  expect  to make any
payments  under  this  guarantee,  it has  recorded  the fair value of this
guarantee obligation, which is not significant.

NOTE D - UNCONSOLIDATED AFFILIATES

     Ashland accounts for its investment in MAP on the equity method. Under
the agreements  related to its formation,  MAP was organized by Ashland and
Marathon  Oil  Company  (Marathon)  as a limited  liability  company for an
initial term expiring on December 31, 2022,  subject to automatic  ten-year
extensions  unless a  termination  notice  is given by either  parent.  The
parents also entered into a put/call  agreement  that could be exercised by
either parent at any time after  December 31, 2004.  Under that  agreement,
Ashland will have the right to sell all of its ownership interest in MAP to
Marathon for an amount equal to 85% (90% if equity  securities are used) of
the  fair  market  value of that  ownership  interest,  payable  in cash or
Marathon debt or equity securities. Similarly, Marathon will have the right
to purchase all of Ashland's  ownership interest in MAP for an amount equal
to 115% of the fair market  value of that  ownership  interest,  payable in
cash.  Neither  Ashland  nor  Marathon  has the  right  to  exercise  their
respective  put and call rights  unless the  agreement  described  below is
terminated.

     On March 19, 2004, Ashland announced the signing of an agreement under
which  it  would  transfer  its 38%  interest  in MAP and two  wholly-owned
businesses to Marathon in a transaction structured to be generally tax free
and valued at  approximately  $3.0 billion.  The two other  businesses  are
Ashland's  maleic  anhydride  business and 61 Valvoline  Instant Oil Change
(VIOC) centers.  The transaction is subject to several previously disclosed
conditions,  including  approval by  Ashland's  shareholders,  consent from
Ashland's  public debt  holders and receipt of a favorable  private  letter
ruling from the  Internal  Revenue  Service  (IRS) with  respect to the tax
treatment.  Ashland has filed  registration  statements and proxy materials
with the  Securities  and Exchange  Commission  (SEC) and is  responding to
comments. In addition, Ashland submitted a request to the IRS for a private
letter ruling on the tax-free status of the proposed  transaction.  Ashland
continues  to discuss the complex  tax issues  related to this  transaction
with the IRS.  Ashland  has not  resolved  all  issues  with the IRS and is
exploring  alternatives  for the resolution of these issues.  At this time,
Ashland cannot predict whether the requested  rulings will be received.  If
the requested  rulings are not received,  the transaction  would have to be
modified or  terminated.  In any event,  Ashland  does not  believe  that a
transaction will close earlier than March 2005.

     Summarized  financial  information reported by MAP and other companies
accounted  for on the equity  method is presented in the  following  table,
along with a summary of the  amounts  recorded  in  Ashland's  consolidated
financial statements. Since MAP is organized as a limited liability company
that has elected to be taxed as a partnership,  the parents are responsible
for income taxes applicable to their share of MAP's taxable income. The net
income of MAP  reflected  below does not include any  provision  for income
taxes  that  will be  incurred  by its  parents.  At  September  30,  2004,
Ashland's retained earnings included $378 million of undistributed earnings
from unconsolidated affiliates accounted for on the equity method.


                                   F-11

<PAGE>


NOTE D - UNCONSOLIDATED AFFILIATES (continued)
<TABLE>
<CAPTION>

                                                                                                   Other
(In millions)                                                                           MAP   affiliates        Total
----------------------------------------------------------------------------------------------------------------------
<S>                                                                              <C>           <C>          <C>
September 30, 2004
Financial position
      Current assets                                                             $    5,265    $     160
      Current liabilities                                                            (3,436)         (87)
                                                                                 -----------   ----------
      Working capital                                                                 1,829           73
      Noncurrent assets                                                               5,219           78
      Noncurrent liabilities                                                           (724)         (14)
                                                                                 -----------   ----------
      Stockholders' equity                                                       $    6,324    $     137
                                                                                 ===========   ==========
Results of operations
      Sales and operating revenues                                               $   40,672    $     409
      Income from operations                                                          1,129           51
      Net income                                                                      1,118           44
Amounts recorded by Ashland
      Investments and advances                                                        2,713 (1)       54    $   2,767
      Equity income                                                                     405           27          432
      Distributions received                                                            146           23          169
September 30, 2003
Financial position
      Current assets                                                             $    3,889    $     149
      Current liabilities                                                            (2,640)         (82)
                                                                                 -----------   ----------
      Working capital                                                                 1,249           67
      Noncurrent assets                                                               4,946           99
      Noncurrent liabilities                                                           (586)         (59)
                                                                                 -----------   ----------
      Stockholders' equity                                                       $    5,609    $     107
                                                                                 ===========   ==========
Results of operations
      Sales and operating revenues                                               $   32,034    $     336
      Income from operations                                                            810           41
      Net income                                                                        795           34
Amounts recorded by Ashland
      Investments and advances                                                        2,448           47    $   2,495
      Equity income                                                                     285           16          301
      Distributions received                                                            197            6          203
September 30, 2002
Results of operations
      Sales and operating revenues                                               $   25,063    $     237
      Income from operations                                                            511           24
      Net income                                                                        502           16
Amounts recorded by Ashland
      Equity income                                                                     176            5    $     181
      Distributions received                                                            196            5          201

</TABLE>


(1)   At September 30, 2004, Ashland's investment exceeds its equity in the
      net assets of MAP by $310 million,  of which $135 million  represents
      plant and  equipment  that will  continue to be  amortized,  and $175
      million represents goodwill. Straight-line amortization of the excess
      investment  that was charged  against  equity income  amounted to $16
      million in each of the three years ended September 30, 2004.


                                   F-12

<PAGE>


NOTE E - DEBT

<TABLE>
<CAPTION>
(In millions)                                                                                      2004         2003
---------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>          <C>
Medium-term notes, due 2005-2025, interest at a weighted
      average rate of 8% at September 30, 2004 (6.9% to 9.4%)                                $      524   $      578
8.80% debentures, due 2012                                                                          250          250
7.83% medium-term notes, Series J, due 2005                                                         229          229
Pollution control and industrial revenue bonds, due
      2005-2022, interest at a weighted average rate of 5.7%
      at September 30, 2004 (1.7% to 7.1%)                                                          168          176
6.86% medium-term notes, Series H, due 2009                                                         150          150
6.625% senior notes, due 2008                                                                       150          150
Other                                                                                                37           81
                                                                                             -----------  -----------
Total long-term debt                                                                              1,508        1,614
Current portion of long-term debt                                                                  (399)        (102)
                                                                                             -----------  -----------
Long-term debt (less current portion)                                                        $    1,109   $    1,512
                                                                                             ===========  ===========

</TABLE>


     Aggregate  maturities of long-term  debt are $399 million in 2005, $62
million  in 2006,  $125  million  in 2007,  $168  million  in 2008 and $211
million in 2009.  Interest  payments on all  indebtedness  amounted to $116
million  in  2004,  $125  million  in 2003 and $138  million  in 2002.  The
weighted  average  interest rate on short-term  borrowings  outstanding was
2.7% at September 30, 2004. No short-term  borrowings  were  outstanding at
September 30, 2003.

     Ashland has two revolving credit  agreements  providing for up to $350
million in borrowings, neither of which was used during 2004. The agreement
providing  for $250  million in  borrowings  expires on April 1, 2007.  The
agreement  providing  for $100  million in  borrowings  expires on April 1,
2005. In the June 2004 quarter, Ashland executed an additional $200 million
revolving  credit  agreement  which  expires  March 31,  2005.  Ashland has
utilized  this  facility  to fund  currently  maturing  long-term  debt and
certain lease payments, and had $40 million outstanding under this facility
at September  30,  2004.  While the  revolving  credit  agreements  contain
covenants limiting new borrowings based on Ashland's  stockholders' equity,
these  agreements  would  have  permitted  an  additional  $2.4  billion of
borrowings at September 30, 2004.  Additional  permissible  borrowings  are
increased  (decreased) by 150% of any increase  (decrease) in stockholders'
equity.

NET INTEREST AND OTHER FINANCIAL COSTS
<TABLE>
<CAPTION>
(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Interest expense                                                                $      114   $      123   $      135
Expenses on sales of accounts receivable (see Note G)                                    3            3            4
Other financial costs                                                                    3            3            3
Interest income                                                                         (6)          (1)          (4)
                                                                                -----------  -----------  -----------
                                                                                $      114   $      128   $      138
                                                                                ===========  ===========  ===========

</TABLE>

NOTE F - LEASES

     Ashland and its subsidiaries are lessees of office  buildings,  retail
outlets, transportation and off-road construction equipment, warehouses and
storage  facilities,  and other equipment,  facilities and properties under
leasing  agreements that expire at various dates.  Under various  operating
leases,  Ashland has made  guarantees with respect to the residual value of
the underlying property.  If Ashland had canceled those leases at September
30, 2004, its maximum obligations under the residual value guarantees would
have  amounted  to $98  million.  Ashland  does not  expect  to  incur  any
significant charge to earnings under these guarantees, $24 million of which
relates to real estate.  These lease  agreements are with  unrelated  third
party  lessors  and  Ashland  has  no  additional   contractual   or  other
commitments to any party to the leases.  Capitalized  lease obligations are
not significant  and are included in long-term debt.  Future minimum rental
payments at September 30, 2004, and rental expense under  operating  leases
follow.



                                   F-13
<PAGE>


NOTE F - LEASES (continued)


<TABLE>
<CAPTION>
(In millions)
Future minimum rental payments                 Rental expense                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                       <C>                  <C>                              <C>          <C>          <C>
2005                      $      47            Minimum rentals
2006                             41               (including rentals under
2007                             35               short-term leases)            $      104   $       98   $      103
2008                             28            Contingent rentals                        3            3            3
2009                             23            Sublease rental income                   (2)          (2)          (2)
Later years                      83                                             -----------  -----------  -----------
                          ----------                                             $      105   $       99   $      104
                          $     257                                             ===========  ===========  ===========
                          ==========
</TABLE>

     FASB  Interpretation  No. 45 (FIN  45),  "Guarantor's  Accounting  and
Disclosure  Requirements for Guarantees,  Including Indirect  Guarantees of
Indebtedness  of Others," was issued in November  2002.  Upon  entering new
lease  agreements with residual value  guarantees  after December 31, 2002,
Ashland  is  required  to  record  the  fair  value at  inception  of these
guarantee  obligations in accordance with FIN 45. At September 30, 2004 and
2003, the recorded value of such obligations was not significant.

NOTE G - SALE OF ACCOUNTS RECEIVABLE

     On March 15, 2000, Ashland entered into a five-year agreement to sell,
on an ongoing basis with limited  recourse,  up to a $200 million undivided
interest in a designated  pool of accounts  receivable.  Under the terms of
the agreement, new receivables are added to the pool and collections reduce
the pool. Since inception,  interests  totaling $150 million have been sold
on a continuous  basis,  except for a period between April 29 and September
7, 2003, when the full $200 million capacity was utilized.  Ashland retains
a credit  interest in these  receivables  and addresses its risk of loss on
this retained interest in its allowance for doubtful accounts.  Receivables
sold exclude defaulted accounts or concentrations  over certain limits with
any one  customer.  The  costs  of these  sales  are  based on the  buyer's
short-term borrowing rates and approximated 2.2% at September 30, 2004, and
1.5% at September 30, 2003.

NOTE H - FINANCIAL INSTRUMENTS

DERIVATIVE INSTRUMENTS

     Ashland  uses  interest  rate swaps and  commodity-based  and  foreign
currency  derivative  instruments  as described  in Note A. Open  contracts
other than interest rate swaps were not  significant  at September 30, 2004
and 2003.

FAIR VALUES

     The  carrying  amounts  and  fair  values  of  Ashland's   significant
financial  instruments at September 30, 2004 and 2003 are shown below.  The
fair values of cash and cash equivalents,  investments of captive insurance
companies and the revolving  credit  facility  approximate  their  carrying
amounts.  The fair  values of  long-term  debt are  based on quoted  market
prices or, if market prices are not  available,  the present  values of the
underlying cash flows discounted at Ashland's  incremental borrowing rates.
The fair values of interest rate swaps are based on quoted market prices.
<TABLE>
<CAPTION>

                                                                       2004                            2003
                                                             -----------------------         ------------------------
                                                                 Carrying      Fair              Carrying       Fair
(In millions)                                                      amount     value                amount      value
---------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>          <C>                <C>          <C>
Assets
      Cash and cash equivalents                              $     243    $     243          $      223   $      223
      Interest rate swaps                                           (1)          (1)                  1            1
      Investments of captive insurance companies (1)                13           13                  13           13
Liabilities
      Revolving credit facility                                     40           40                   -            -
      Long-term debt (including current portion)                 1,508        1,675               1,614        1,809

</TABLE>
(1)   Included in other noncurrent assets in the Consolidated Balance Sheets.

                                   F-14

<PAGE>


NOTE I - ACQUISITIONS AND DIVESTITURES

ACQUISITIONS

     Several small  acquisitions were completed by APAC,  Ashland Specialty
Chemical and  Valvoline  during the three years ended  September  30, 2004.
These  acquisitions  were  accounted  for as  purchases  and did not have a
significant effect on Ashland's consolidated financial statements.

DIVESTITURES

     During  2003,  APAC sold the  assets  of its  Nashville  division  and
certain  ready-mix  operations in Missouri.  During 2004, APAC sold much of
its remaining  ready-mix  operations and certain other operations.  None of
these  divestitures  had a  significant  effect on  Ashland's  consolidated
financial  statements.  See  Note N for a  discussion  of the  sale  of the
Electronic Chemicals division of Ashland Specialty Chemical in 2003.

NOTE J - INCOME TAXES

     A summary of the  provision  for income  taxes  related to  continuing
operations follows.
<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Current (1)
      Federal                                                                   $       (6)  $      (17)  $      151
      State                                                                              6           (3)          22
      Foreign                                                                           25           15           16
                                                                                -----------  -----------  -----------
                                                                                        25           (5)         189
Deferred                                                                               125           49         (121)
                                                                                -----------  -----------  -----------
                                                                                $      150   $       44   $       68
                                                                                ===========  ===========  ===========

</TABLE>
(1)   Income tax payments  amounted to $84 million in 2004,  $24 million in
      2003 and $158 million in 2002.

     Deferred  income  taxes are  provided  for  income and  expense  items
recognized  in different  years for tax and financial  reporting  purposes.
Ashland  has  not  recorded  deferred  income  taxes  on the  undistributed
earnings  of certain  foreign  subsidiaries  and  foreign  corporate  joint
ventures.  Management intends to indefinitely reinvest such earnings, which
amounted to $160 million at  September  30,  2004.  Because of  significant
foreign tax credits,  it is  estimated  that U.S.  federal  income taxes of
approximately  $17  million  would  be  incurred  if  those  earnings  were
distributed.  Temporary  differences that give rise to significant deferred
tax assets and liabilities follow.

<TABLE>
<CAPTION>
(In millions)                                                                                      2004         2003
---------------------------------------------------------------------------------------------------------------------
<S>                                                                                          <C>          <C>
Employee benefit obligations                                                                 $      201   $      219
Environmental, self-insurance and litigation reserves (net of receivables)                          183          196
Compensation accruals                                                                                74           59
Uncollectible accounts receivable                                                                    15           18
Other items                                                                                          37           61
                                                                                             -----------  -----------
Total deferred tax assets                                                                           510          553
                                                                                             -----------  -----------
Property, plant and equipment                                                                       182          189
Investment in unconsolidated affiliates                                                             592          513
                                                                                             -----------  -----------
Total deferred tax liabilities                                                                      774          702
                                                                                             -----------  -----------
Net deferred tax liability                                                                   $      264   $      149
                                                                                             ===========  ===========
</TABLE>

     Ashland's  income tax  expense  for 2004  included  $48 million in tax
benefits  related  to  prior  years.   During  the  year,  Ashland  reached
resolution  with the Internal  Revenue  Service on several open tax matters
from prior years,  resulting in a tax benefit of $33 million as a result of
the reduction of amounts previously provided as contingent tax liabilities.
In addition, Ashland recognized federal income tax benefits associated with
a claim for additional  research and  development tax credits valued at $15
million.


                                   F-15
<PAGE>


NOTE J - INCOME TAXES (continued)

     The U.S. and foreign  components of income from continuing  operations
before income taxes and a  reconciliation  of the statutory  federal income
tax with the provision for income taxes follow.

<TABLE>
<CAPTION>
(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Income from continuing operations before income taxes
      United States                                                             $      441   $       60   $      114
      Foreign                                                                          107           78           69
                                                                                -----------  -----------  -----------
                                                                                $      548   $      138   $      183
                                                                                ===========  ===========  ===========

Income taxes computed at U.S. statutory rate (35%)                              $      192   $       48   $       64
Increase (decrease) in amount computed resulting from
      Resolution of prior-year contingency issues                                      (33)           -            -
      Claim for prior-year research and development credits                            (15)           -            -
      State income taxes                                                                18            3            1
      Net impact of foreign results                                                      -           (2)           3
      Business meals and entertainment                                                   2            3            3
      Deductible dividends under employee stock ownership plan                          (2)          (2)          (3)
      Life insurance expense (income)                                                   (2)          (2)           4
      Other items                                                                      (10)          (4)          (4)
                                                                                -----------  -----------  -----------
Income taxes                                                                    $      150   $       44   $       68
                                                                                ===========  ===========  ===========
</TABLE>



NOTE K - CAPITAL STOCK

     Under  Ashland's   Shareholder  Rights  Plan,  each  common  share  is
accompanied  by one right to  purchase  one-thousandth  share of  preferred
stock  for $140.  Each  one-thousandth  share of  preferred  stock  will be
entitled to dividends  and to vote on an  equivalent  basis with one common
share. The rights are neither exercisable nor separately  transferable from
the common shares  unless a party  acquires or tenders for more than 15% of
Ashland's  common stock.  If any party  acquires more than 15% of Ashland's
common  stock or  acquires  Ashland in a business  combination,  each right
(other than those held by the  acquiring  party) will entitle the holder to
purchase  preferred  stock  of  Ashland  or  the  acquiring  company  at  a
substantial  discount.  The rights  expire on May 16, 2006,  and  Ashland's
Board of Directors can amend  certain  provisions of the Plan or redeem the
rights at any time prior to their becoming exercisable.

     At September 30, 2004,  500,000 shares of cumulative  preferred  stock
are reserved for potential  issuance under the Shareholder  Rights Plan and
7.1 million common shares are reserved for issuance  under stock  incentive
and deferred compensation plans.

NOTE L - STOCK INCENTIVE PLANS

     Ashland  has  stock  incentive  plans  under  which key  employees  or
directors  are granted  stock  options,  stock-settled  stock  appreciation
rights (SARs) or nonvested stock awards. Stock options and SARs are granted
to  employees at a price equal to the fair market value of the stock on the
date of grant and become  exercisable  over  periods of one to four  years.
Unexercised  options  and  SARs  lapse 10 years  after  the date of  grant.
Nonvested  stock awards  entitle  employees or directors to vote the shares
and to receive any dividends thereon.  However,  such shares are subject to
forfeiture  upon  termination  of service  before the vesting  period ends.
During 2004, Ashland granted 216,900 nonvested stock awards with a weighted
average fair value of $40.87 per share.  Nonvested stock awards in 2003 and
2002 were not significant.

     As discussed in Note A, Ashland began expensing employee stock options
and  SARs  in  accordance  with  FAS  123  in  2003.  The  following  table
illustrates  the effect on net income and earnings per share if FAS 123 had
been applied in 2002 to all outstanding and unvested awards. The fair value
per share of options or SARs granted was determined using the Black-Scholes
option pricing model with the indicated assumptions.



                                   F-16
<PAGE>


<TABLE>
<CAPTION>
(In millions except per share data)                                                 2004         2003         2002
-------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>          <C>           <C>
Net income as reported                                                        $      378   $       75    $     117
Add:  Stock-based employee compensation expense included in
      reported net income, net of related tax effects                                  4            5            -
Deduct:  Total stock-based employee compensation expense
      determined under FAS 123 for all awards, net of related tax effects             (4)          (5)          (4)
                                                                              -----------  -----------   ----------
Pro forma net income                                                          $      378   $       75    $     113
                                                                              ===========  ===========   ==========
Earnings per share:
      Basic - as reported                                                     $     5.41   $     1.10    $    1.69
      Basic - pro forma                                                             5.41         1.10         1.63
      Diluted - as reported                                                         5.31         1.10         1.67
      Diluted - pro forma                                                           5.31         1.10         1.61
Weighted average fair value per share of options or SARs granted                   12.65         6.71         5.35
Assumptions (weighted average)
      Risk-free interest rate                                                        3.4%         3.1%         2.9%
      Expected dividend yield                                                        2.0%         3.3%         3.8%
      Expected volatility                                                           25.9%        27.3%        26.7%
      Expected life (in years)                                                       5.0          5.0          5.0

</TABLE>
     A progression of activity and various other information relative to
stock options and SARs is presented in the following table.

<TABLE>
<CAPTION>
                                                2004                         2003                       2002
                                      --------------------------   -------------------------    --------------------------
                                          Number       Weighted                     Weighted                      Weighted
                                              of        average                      average                       average
(In thousands except                      common exercise price       Common  exercise price        Common  exercise price
 per share data)                          shares      per share       shares       per share        shares       per share
--------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>             <C>          <C>             <C>           <C>             <C>
Outstanding-beginning of year (1)          7,807      $   37.17         7,482      $   37.28         6,735       $    38.41
Granted                                      603          54.65           537          33.42         1,210            29.05
Exercised                                 (3,100)         35.29          (103)         27.96          (413)           31.34
Canceled                                    (145)         36.04          (109)         35.27           (50)           38.54
                                      -----------                  -----------                   ----------
Outstanding-end of year (1)                5,165          40.37         7,807          37.17         7,482            37.28
                                      ===========                  ===========                   ==========
Exercisable-end of year                    4,067          39.37         6,491          38.25         5,537            39.34
</TABLE>

(1)   Shares of common  stock  available  for  future  grants of options or
      awards  amounted to 1,098,000 at September 30, 2004, and 1,860,000 at
      September  30, 2003.  Exercise  prices per share for options and SARs
      outstanding  at  September  30, 2004 ranged from $25.00 to $34.00 for
      1,579,000  shares,  from $35.88 to $43.13 for 1,829,000  shares,  and
      from $44.20 to $54.81 for  1,757,000  shares.  The  weighted  average
      remaining contractual life of the options and SARs was 6.0 years.


NOTE M - LITIGATION, CLAIMS AND CONTINGENCIES

ASBESTOS-RELATED LITIGATION

     Ashland is subject to liabilities from claims alleging personal injury
caused  by  exposure  to  asbestos.   Such  claims  result  primarily  from
indemnification  obligations undertaken in 1990 in connection with the sale
of Riley Stoker Corporation  (Riley),  a former subsidiary.  Although Riley
was neither a producer  nor a  manufacturer  of  asbestos,  its  industrial
boilers  contained some  asbestos-containing  components  provided by other
companies.

     A summary of asbestos  claims  activity  follows.  Because  claims are
frequently  filed and  settled  in large  groups,  the amount and timing of
settlements  and number of open  claims can  fluctuate  significantly  from
period to period.

<TABLE>
<CAPTION>
(In thousands)                                                                        2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Open claims - beginning of year                                                        198          160          167
New claims filed                                                                        29           66           45
Claims settled                                                                          (7)          (7)         (15)
Claims dismissed                                                                       (24)         (21)         (37)
                                                                                -----------  -----------  -----------
Open claims - end of year                                                              196          198          160
                                                                                ===========  ===========  ===========

</TABLE>



                                   F-17
<PAGE>



NOTE M - LITIGATION, CLAIMS AND CONTINGENCIES (continued)

     Since October 1, 2001,  Riley has been dismissed as a defendant in 73%
of the  resolved  claims.  Amounts  spent on  litigation  defense and claim
settlements  averaged $1,655 per claim resolved in 2004, compared to $1,610
in 2003 and $723 in 2002. A progression of activity in the asbestos reserve
is presented in the following table.


<TABLE>
<CAPTION>
(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Asbestos reserve - beginning of period                                          $      610   $      202   $      199
Expense incurred                                                                        59          453           41
Amounts paid                                                                           (51)         (45)         (38)
                                                                                -----------  -----------  -----------
Asbestos reserve - end of period                                                $      618   $      610   $      202
                                                                                ===========  ===========  ===========

</TABLE>

     During the December  2002 quarter,  Ashland  increased its reserve for
asbestos  claims by $390 million to cover the litigation  defense and claim
settlement  costs for probable and  reasonably  estimable  future  payments
related to existing  open claims,  as well as an estimate of those that may
be filed in the future.  Prior to December 31, 2002,  the asbestos  reserve
was based on the estimated  costs that would be incurred to settle existing
open claims.  A range of estimates  of future  asbestos  claims and related
costs using  various  assumptions  was  developed  with the  assistance  of
Hamilton, Rabinovitz & Alschuler, Inc. (HR&A). The methodology used by HR&A
to project  future  asbestos  costs was based  largely on Ashland's  recent
experience,  including claim-filing and settlement rates, disease mix, open
claims, and litigation defense and claim settlement costs.  Ashland's claim
experience   was   compared   to  the  results  of   previously   conducted
epidemiological  studies  estimating the number of people likely to develop
asbestos-related diseases. Those studies were undertaken in connection with
national  analyses  of the  population  expected  to have been  exposed  to
asbestos.  Using that information,  HR&A estimated a range of the number of
future  claims that may be filed,  as well as the related costs that may be
incurred in resolving those claims.

     From the range of estimates,  Ashland  recorded the amount it believed
to be the best  estimate,  which  represented  the  expected  payments  for
litigation  defense and claim  settlement  costs during the next ten years.
Subsequent  updates to this estimate have been made, with the assistance of
HR&A,  based on a combination  of a number of factors  including the actual
volume  of new  claims,  recent  settlement  costs,  changes  in the mix of
alleged  disease,   enacted  legislative  changes  and  other  developments
impacting  Ashland's  estimate of future  payments.  Ashland's  reserve for
asbestos  claims on an  undiscounted  basis  amounted  to $618  million  at
September 30, 2004, compared to $610 million at September 30, 2003.

     Projecting future asbestos costs is subject to numerous variables that
are  extremely  difficult  to  predict.  In  addition  to  the  significant
uncertainties  surrounding  the number of claims  that  might be  received,
other  variables  include the type and  severity of the disease  alleged by
each claimant,  the long latency period associated with asbestos  exposure,
dismissal rates, costs of medical treatment,  the impact of bankruptcies of
other companies that are co-defendants in claims, uncertainties surrounding
the litigation  process from  jurisdiction to jurisdiction and from case to
case,  and the impact of  potential  changes  in  legislative  or  judicial
standards. Furthermore, any predictions with respect to these variables are
subject to even greater uncertainty as the projection period lengthens.  In
light  of these  inherent  uncertainties,  Ashland  believes  its  asbestos
reserve  represents the best estimate within a range of possible  outcomes.
As a part of the process to develop Ashland's  estimates of future asbestos
costs, a range of long-term cost models is developed that assumes a run-out
of claims  through  2055.  These models are based on national  studies that
predict the number of people  likely to develop  asbestos-related  diseases
and are heavily  influenced by assumptions  regarding  long-term  inflation
rates for  indemnity  payments and legal  defense  costs,  as well as other
variables  mentioned  previously.  The total future litigation  defense and
claim settlement costs on an undiscounted basis has been estimated within a
reasonably possible range of $400 million to $2.0 billion, depending on the
number of years those costs extend and other  combinations  of  assumptions
selected.  Ashland's reserve  represents  between 10 and 29 years of future
costs,  depending on the model selected. If actual experience is worse than
projected  relative to the number of claims filed,  the severity of alleged
disease  associated  with those claims or costs  incurred to resolve  those
claims,  Ashland may need to increase  further the  estimates  of the costs
associated with asbestos  claims and these  increases could  potentially be
material over time.

     Ashland has insurance  coverage for most of the litigation defense and
claim settlement costs incurred in connection with its asbestos claims, and
coverage-in-place  agreements  exist  with  the  insurance  companies  that
provide  substantially all of the coverage  currently being accessed.  As a
result,  increases  in the asbestos  reserve  have been  largely  offset by
probable insurance  recoveries.  The amounts not recoverable  generally are
due from insurers that are insolvent,  rather than as a result of uninsured
claims or the exhaustion of Ashland's insurance coverage.


                                   F-18
<PAGE>



     Ashland retained the services of  Tillinghast-Towers  Perrin to assist
management in the estimation of reasonably  possible  insurance  recoveries
associated  with  Ashland's  estimate  of its  asbestos  liabilities.  Such
recoveries are based on management's  assumptions and estimates surrounding
the available or applicable insurance coverage. One such assumption is that
all solvent insurance carriers remain solvent. Although coverage limits are
resolved in the coverage-in-place  agreement with Equitas Limited (Equitas)
and other  London  companies,  which  collectively  provide  a  significant
portion of Ashland's  insurance  coverage for asbestos  claims,  there is a
disagreement  with  these  companies  over the  timing of  recoveries.  The
resolution of this  disagreement  could have a material effect on the value
of insurance  recoveries from those  companies.  In estimating the value of
future recoveries,  Ashland has used the least favorable  interpretation of
this  agreement  under which the ultimate  recoveries are extended for many
years,  resulting in a  significant  discount  being applied to value those
recoveries. Ashland will continue to apply this methodology until such time
as the disagreement is resolved.  On July 21, 2004,  Ashland filed a demand
for  arbitration to resolve the dispute  concerning the  interpretation  of
this agreement.

     At  September  30,  2004,   Ashland's  receivable  for  recoveries  of
litigation defense and claim settlement costs from its insurers amounted to
$435  million,  of which $54  million  relates  to costs  previously  paid.
Receivables from insurance  companies amounted to $429 million at September
30, 2003. About 35% of the estimated  receivables from insurance  companies
at September 30, 2004, are expected to be due from Equitas and other London
companies.  Of the  remainder,  approximately  90% is expected to come from
companies or groups that are rated A or higher by A. M. Best.

ENVIRONMENTAL PROCEEDINGS

     Ashland is subject to various federal,  state and local  environmental
laws and regulations that require  environmental  assessment or remediation
efforts (collectively  environmental remediation) at multiple locations. At
September 30, 2004, such locations  included 93 waste treatment or disposal
sites where Ashland has been identified as a potentially  responsible party
under Superfund or similar state laws, approximately 130 current and former
operating  facilities  (including certain operating  facilities conveyed to
MAP) and about 1,220 service  station  properties.  Ashland's  reserves for
environmental  remediation  amounted to $152 million at September 30, 2004,
and $174 million at  September  30, 2003.  Such amounts  reflect  Ashland's
estimates of the most likely  costs that will be incurred  over an extended
period  to  remediate  identified   conditions  for  which  the  costs  are
reasonably  estimable,   without  regard  to  any  third-party  recoveries.
Engineering  studies,  probability  techniques,  historical  experience and
other  factors are used to identify and evaluate  remediation  alternatives
and  their  related  costs  in  determining  the  estimated   reserves  for
environmental remediation.

     Environmental  remediation  reserves are subject to numerous  inherent
uncertainties  that affect  Ashland's  ability to estimate its share of the
costs. Such uncertainties involve the nature and extent of contamination at
each  site,  the  extent  of  required   cleanup   efforts  under  existing
environmental  regulations,  widely  varying  costs  of  alternate  cleanup
methods,  changes in  environmental  regulations,  the potential  effect of
continuing  improvements  in  remediation  technology,  and the  number and
financial strength of other potentially  responsible  parties at multiparty
sites. Ashland regularly adjusts its reserves as environmental  remediation
continues.  Environmental  remediation  expense  amounted  to $2 million in
2004, $22 million in 2003 and $30 million in 2002.

     No  individual  remediation  location  is  material  to Ashland as its
largest reserve for any site is less than 10% of the  remediation  reserve.
As a result, Ashland's exposure to adverse developments with respect to any
individual  site is not  expected  to be  material,  and these sites are in
various stages of ongoing remediation.  Although environmental  remediation
could  have a  material  effect on  results  of  operations  if a series of
adverse developments occurs in a particular quarter or fiscal year, Ashland
believes that the chance of such developments occurring in the same quarter
or fiscal year is remote.

OTHER LEGAL PROCEEDINGS

     In addition to the matters described above,  there are various claims,
lawsuits  and  administrative  proceedings  pending or  threatened  against
Ashland  and its  current and former  subsidiaries.  Such  actions are with
respect to commercial matters, product liability, toxic tort liability, and
other environmental  matters, which seek remedies or damages, some of which
are for substantial amounts. While these actions are being contested, their
outcome is not predictable.

                                   F-19

<PAGE>


NOTE N - DISCONTINUED OPERATIONS

     Ashland is subject to liabilities from claims alleging personal injury
caused  by  exposure  to  asbestos.   Such  claims  result  primarily  from
indemnification  obligations undertaken in 1990 in connection with the sale
of Riley Stoker Corporation, a former subsidiary.  During the quarter ended
December 31, 2002,  Ashland  increased  its reserve for asbestos  claims by
$390  million  to cover  litigation  defense  and  claim  settlement  costs
expected to be paid  through  December  2012.  Because  insurance  provides
reimbursements  for most of these  costs and  coverage-in-place  agreements
exist with the insurance  companies that provide  substantially  all of the
coverage being accessed, the increase in the asbestos reserve was offset in
part by probable insurance recoveries valued at $235 million. The resulting
$155 million pretax charge to income,  net of deferred  income tax benefits
of $60  million,  was  reflected  as an  after-tax  loss from  discontinued
operations of $95 million in the Statement of  Consolidated  Income for the
three  months  ended  December  31,  2002.  Additional  reserves  have been
provided  since  then to  reflect  updates  in the  estimate  of  potential
payments for litigation  defense and claim settlement costs. See Note M for
further discussion of Ashland's asbestos-related litigation.

     On August 29,  2003,  Ashland  sold the net  assets of its  Electronic
Chemicals business and certain related subsidiaries in a transaction valued
at approximately $300 million before tax.  Electronic  Chemicals was a part
of Ashland  Specialty  Chemical,  providing  ultra pure chemicals and other
products  and  services  to  the  worldwide  semiconductor  industry,  with
revenues  of $215  million  in 2003 and  $217  million  in  2002.  The sale
reflects  Ashland's strategy to optimize its business mix and focus greater
attention  on  the  remaining  chemical  and  transportation   construction
operations where it can achieve strategic  advantage.  Ashland's  after-tax
proceeds were used primarily to reduce debt. During 2004,  Ashland recorded
certain minor adjustments to the gain reported in 2003.

     During 2004,  Ashland  reached  resolution  with the Internal  Revenue
Service on several  open tax  matters  from prior  years.  In  addition  to
amounts reported in income from continuing operations, favorable resolution
was  also  reached  on  matters  associated  with  previously  discontinued
businesses,  resulting  in a $1 million  tax  benefit  from the  associated
reduction in contingent tax liabilities previously recorded.

     Components of amounts  reflected in the income  statements  related to
discontinued operations are presented in the following table.

<TABLE>
<CAPTION>
(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
INCOME (LOSS) FROM DISCONTINUED OPERATIONS
Reserves for asbestos-related litigation                                        $      (29)  $     (178)  $        -
Electronic Chemicals                                                                     -           17           17
GAIN (LOSS) ON DISPOSAL OF DISCONTINUED OPERATIONS
Electronic Chemicals                                                                    (2)         101            -
                                                                                -----------  -----------  -----------
INCOME (LOSS) BEFORE INCOME TAXES                                                      (31)         (60)          17
INCOME TAX BENEFIT (EXPENSE)
Income (loss) from discontinued operations
      Reserves for asbestos-related litigation                                          11           69            -
      Electronic Chemicals                                                               -           (3)          (4)
Gain (loss) on disposal of discontinued operations                                      (1)         (20)           -
Resolution of tax contingency issues                                                     1            -            -
                                                                                -----------  -----------  -----------
RESULTS FROM DISCONTINUED OPERATIONS                                            $      (20)  $      (14)  $       13
                                                                                ===========  ===========  ===========

</TABLE>


                                   F-20
<PAGE>


NOTE O - EMPLOYEE BENEFIT PLANS

PENSION PLANS

     Ashland and its subsidiaries  sponsor contributory and noncontributory
qualified  and  non-qualified  defined  benefit  pension  plans  that cover
substantially  all  employees in the United States and in a number of other
countries. Included in the following pension plan disclosures for the first
time in 2004 are amounts  related to employees in the United  Kingdom,  the
Netherlands and Canada.  Amounts for prior years have not been restated, as
the impact on Ashland's  financial position and results of operations would
not be material.

     Ashland's  funding  policy is to fully  fund the  accumulated  benefit
obligations  of its qualified  U.S.  plans with the level of  contributions
being determined annually to achieve that objective over time. In addition,
Ashland has non-qualified unfunded pension plans which provide supplemental
defined  benefits to those  employees  whose  benefits  under the qualified
pension plans are limited by the Employee Retirement Income Security Act of
1974  and the  Internal  Revenue  Code.  Ashland  funds  the  costs  of the
non-qualified  plans as the  benefits  are paid.  Pension  obligations  for
employees  of  non-U.S.  consolidated  subsidiaries  are  provided  for  by
depositing funds with trustees or by book reserves in accordance with local
practices and regulations of the respective countries.

     Prior to July 1, 2003,  benefits under  Ashland's  U.S.  pension plans
generally were based on employees' years of service and compensation during
the years immediately preceding their retirement.  Although certain changes
were  implemented on that date,  the pension  benefits of employees with at
least ten years of  service  were not  affected.  As of July 1,  2003,  the
pension  benefits of affected  employees  were  converted  to cash  balance
accounts.  Such employees  received an initial account balance equal to the
present  value of their  accrued  benefits  under the previous plan on that
date.  Pension  benefits for these  employees  are based on the balances in
their accounts upon retirement.

OTHER POSTRETIREMENT BENEFIT PLANS

     Ashland and its  subsidiaries  sponsor  healthcare  and life insurance
plans for eligible employees who retire or are disabled.  Ashland's retiree
life insurance plans are noncontributory, while Ashland shares the costs of
providing  healthcare coverage with its retired employees through premiums,
deductibles  and  coinsurance  provisions.  Ashland  funds its share of the
costs of the postretirement benefit plans as the benefits are paid.

     On December 8, 2003, the Medicare  Prescription Drug,  Improvement and
Modernization  Act of 2003  (the Act) was  signed  into  law.  Among  other
things, the Act will expand Medicare to include an outpatient  prescription
drug benefit  beginning in 2006,  as well as provide a subsidy for sponsors
of  retiree  health  care  plans  that  provide a benefit  that is at least
actuarially  equivalent  to the Medicare  Act  benefits.  In May 2004,  the
Financial  Accounting  Standards Board issued Staff Position No. FAS 106-2,
"Accounting   and   Disclosure   Requirements   Related  to  the   Medicare
Prescription  Drug,  Improvement  and  Modernization  Act of 2003." Pending
final guidance on determining  actuarial  equivalency,  Ashland has not yet
been able to determine the impact of the Act on its postretirement  benefit
plans. As a result, the accumulated  postretirement  benefit obligation and
net periodic postretirement benefit costs do not reflect the effects of the
Act.

     On July 1, 2003, Ashland  implemented changes in the way it shares the
cost of  healthcare  coverage with future  retirees.  These changes did not
affect the  previous  cost-sharing  program for  retirees or for  employees
meeting certain  qualifications  at that date.  However,  Ashland did amend
that program to limit its annual per capita  costs to an amount  equivalent
to base year per capita costs, plus annual increases of up to 1.5% per year
for costs incurred after January 1, 2004. Under a previous amendment,  base
year costs were  limited  to the  amounts  incurred  in 1992,  plus  annual
increases  of  up  to  4.5%  per  year  thereafter.  Premiums  for  retiree
healthcare  coverage  are  equivalent  to the excess of the  estimated  per
capita costs over the amounts borne by Ashland.

     Employees  who were  employed on June 30,  2003,  who did not meet the
required  qualifications  were allocated notional accounts that can only be
used to pay all or part of the  premiums for retiree  healthcare  coverage.
Such premiums represent the full costs of providing that coverage,  without
any subsidy from Ashland.  Employees  must meet certain  requirements  upon
separation  in order to have access to their  notional  accounts.  Retirees
will  continue to have  access to Ashland  coverage  after  their  notional
accounts are exhausted,  but they will be  responsible  for paying the full
premiums.  New hires after June 30,  2003,  will have access to any retiree
health  coverage  that may be  provided,  but will  have no  company  funds
available to help pay for such coverage.


                                   F-21
<PAGE>



NOTE O - EMPLOYEE BENEFIT PLANS (continued)

OBLIGATIONS AND FUNDED STATUS

     Ashland  uses a  measurement  date of September 30 for its pension and
postretirement   benefit   plans.   Summaries  of  the  change  in  benefit
obligations, plan assets, funded status of the plans, amounts recognized in
the balance sheet,  and assumptions used to determine the U.S. plan benefit
obligations  for  2004  and  2003  follow.   Non-U.S.   pension  plans  use
assumptions generally consistent with those of U.S. plans.

<TABLE>
<CAPTION>
                                                                                              Other postretirement
                                                                 Pension plans                    benefit plans
                                                             -----------------------         ------------------------
(In millions)                                                     2004         2003                2004         2003
---------------------------------------------------------------------------------------------------------------------
<S>                                                          <C>          <C>                <C>           <C>
Change in benefit obligations
Benefit obligations at October 1                             $   1,192 (1)$     983          $      296    $     361
Service cost                                                        51           43                   9           11
Interest cost                                                       73           65                  17           22
Participant contributions                                            1            -                  11           12
Benefits paid                                                      (48)         (37)                (31)         (33)
Plan amendments                                                      -           (6)                  -          (95)
Changes in assumptions                                              44           63                   7           19
Foreign currency exchange rate changes                               8            -                   -            -
Other-net                                                            9          (10)                (11)          (1)
                                                             ----------   ----------         -----------   ----------
Benefit obligations at September 30                          $   1,330    $   1,101          $      298    $     296
                                                             ==========   ==========         ===========   ==========
Change in plan assets
Value of plan assets at October 1                            $     740 (1)$     551
Actual return on plan assets                                        86           99
Employer contributions                                             137           61
Participant contributions                                            1            -
Benefits paid                                                      (43)         (33)
Foreign currency exchange rate changes                               5            -
Other                                                                6            2
                                                             ----------   ----------
Value of plan assets at September 30                         $     932    $     680
                                                             ==========   ==========
Funded status of the plans
Unfunded benefit obligation                                  $    (398)   $    (421)         $     (298)   $    (296)
Unrecognized net actuarial loss                                    422 (1)      385                  77           87
Unrecognized prior service credit                                   (2)          (3)                (85)        (100)
                                                             ----------   ----------         -----------   ----------
Net amount recognized                                        $      22    $     (39)         $     (306)   $    (309)
                                                             ==========   ==========         ===========   ==========
Amounts recognized in the balance sheet
Accrued benefit liabilities                                  $    (191)   $    (231)         $     (306)   $    (309)
Intangible assets                                                    1            1                   -            -
Accumulated other comprehensive loss                               212          191                   -            -
                                                             ----------   ----------         -----------   ----------
Net amount recognized                                        $      22    $     (39)         $     (306)   $    (309)
                                                             ==========   ==========         ===========   ==========
U.S. plan assumptions
Discount rate                                                     6.00%        6.25%               6.00%        6.25%
Rate of compensation increase                                     4.50%        4.50%                  -            -
</TABLE>

(1)  Beginning balances have been adjusted to include $91 million of
     benefit obligations, $60 million of plan assets, and $31 million of
     unrecognized net actuarial loss for certain non-U.S. pension plans.




                                   F-22
<PAGE>


     The  accumulated  benefit  obligation for all pension plans was $1,118
million at  September  30, 2004 and $909  million at  September  30,  2003.
Information  for pension plans with an  accumulated  benefit  obligation in
excess of plan assets follows.
<TABLE>
<CAPTION>

                                                          2004                                    2003
                                          ----------------------------------      -----------------------------------
                                                            Non-                                    Non-
                                          Qualified    qualified                  Qualified    qualified
(In millions)                              plans (1)       plans      Total           plans        plans       Total
---------------------------------------------------------------------------------------------------------------------
<S>                                       <C>         <C>          <C>            <C>          <C>         <C>
Projected benefit obligation              $   1,195   $      110   $  1,305       $   1,002    $      99   $   1,101
Accumulated benefit obligation                1,000           98      1,098             819           90         909
Fair value of plan assets                       908            -        908             680            -         680

</TABLE>
(1)   Includes qualified U.S. and non-U.S. pension plans.


COMPONENTS OF NET PERIODIC BENEFIT COSTS

     The plan amendments in 2003 and 1992 previously  discussed under other
postretirement  benefit plans reduced Ashland's  accrued  obligations under
those plans,  and the reductions are being  amortized to income over future
periods. Such amortization reduced Ashland's net periodic benefit costs for
other  postretirement  benefits by $15 million in 2004, $10 million in 2003
and $8 million in 2002. At September 30, 2004,  the remaining  unrecognized
prior service credit  resulting  from the changes  amounted to $85 million,
and will reduce  future costs by $9 million in 2005, $8 million in 2006 and
approximately $8 million annually thereafter through 2014.

     The following  table  summarizes  the  components of pension and other
postretirement  benefit costs,  and the  assumptions  used to determine net
periodic  benefit  costs  for  U.S.  plans.  Non-U.S.   pension  plans  use
assumptions generally consistent with those of U.S. plans.

<TABLE>
<CAPTION>
                                                Pension benefits                   Other postretirement benefits
                                       ------------------------------------      -----------------------------------
(In millions)                                2004        2003         2002            2004         2003        2002
--------------------------------------------------------------------------------------------------------------------
<S>                                    <C>          <C>         <C>              <C>         <C>          <C>
Net periodic benefit costs
Service cost                           $       51   $      43   $       43       $       9   $       11   $      12
Interest cost                                  73          65           59              17           22          23
Expected return on plan assets                (66)        (51)         (47)              -            -           -
Amortization of prior service
      cost (credit)                             -           -            1             (15)         (10)         (8)
Amortization of net actuarial loss             29          30           18               5            3           2
                                       -----------  ----------  -----------      ----------  -----------  ----------
                                       $       87   $      87   $       74       $      16   $       26   $      29
                                       ===========  ==========  ===========      ==========  ===========  ==========
U.S. plan assumptions
Discount rate                                6.25%       6.75%        7.25%           6.25%        6.75%       7.25%
Rate of compensation increase                4.50%       5.00%        5.00%              -            -           -
Expected long-term rate of
      return on plan assets                  8.50%       9.00%        9.00%              -            -           -

</TABLE>

PLAN ASSETS

     The expected long-term rate of return on U. S. pension plan assets for
2004 of 8.5% was  based on an  assumed  real  rate of  return of 5.5% and a
projected  long-term  inflation rate of 3%. The basis for  determining  the
expected  long-term  rate of  return  is a  combination  of  future  return
assumptions  for various asset classes in Ashland's  investment  portfolio,
historical analysis of previous returns,  market indices,  and a projection
of inflation.

     Ashland's U. S. pension plan assets are managed by outside  investment
managers,  which are monitored monthly against investment return benchmarks
and  Ashland's  established   investment  strategy.   Ashland's  investment
strategy is designed to promote  diversification to moderate volatility and
to balance the expected  long-term  rate of return with an acceptable  risk
level.  Investment  managers  are  selected  based on an analysis of, among
other things,  their investment  process,  historical  investment  results,
frequency  of  management  turnover,  cost  structure,   and  assets  under
management. Assets are periodically reallocated between investment managers
to maintain an appropriate asset mix, diversification of investments and to
maximize returns.



                                   F-23
<PAGE>


NOTE O - EMPLOYEE BENEFIT PLANS (continued)

     Ashland's  investment  strategy and management  practices  relative to
plan assets of non-U.S.  plans generally are consistent with those for U.S.
plans,  except  in those  countries  where  investment  of plan  assets  is
dictated by applicable regulations.

     The  target   allocation   for  2004  by  asset  category  and  actual
allocations at September 30, 2004 and 2003 follow.

<TABLE>
<CAPTION>
                                                                             Target           Actual at September 30
                                                                            ---------       -------------------------
(In millions)                                                                   2004            2004            2003
---------------------------------------------------------------------------------------------------------------------
<S>                                                                         <C>             <C>             <C>
Plan assets allocation
Equity securities                                                                70%             68%             60%
Debt securities                                                                  30%             30%             36%
Other                                                                              -              2%              4%
                                                                            ---------       ---------       ---------
                                                                                100%            100%            100%
                                                                            =========       =========       =========

</TABLE>

CASH FLOWS

     In fiscal 2005, Ashland expects to contribute $70 million to its U. S.
pension plans and $7 million to its non-U.S.  pension plans.  The following
benefit payments,  which reflect future service, are expected to be paid in
each of the next five years and in aggregate for five years thereafter.

<TABLE>
<CAPTION>
                                                                                                               Other
                                                                                         Pension      postretirement
(In millions)                                                                           benefits            benefits
---------------------------------------------------------------------------------------------------------------------
<S>                                                                                      <C>                <C>
2005                                                                                     $    51            $     21
2006                                                                                          57                  21
2007                                                                                          61                  22
2008                                                                                          68                  22
2009                                                                                          70                  23
2010-2014                                                                                    451                 122

</TABLE>
OTHER PLANS

     Certain union employees are covered under multiemployer  pension plans
administered  by unions.  Amounts  contributed  to the plans by Ashland and
charged to expense amounted to $5 million annually in 2004, 2003 and 2002.

     Ashland sponsors  qualified savings plans to assist eligible employees
in  providing  for  retirement  or other  future  needs.  Under such plans,
company contributions amounted to $23 million in 2004, $19 million in 2003,
and $17 million in 2002.

                                   F-24
<PAGE>


NOTE P - QUARTERLY FINANCIAL INFORMATION (unaudited)

     The following table presents quarterly financial information and per
share data relative to Ashland's common stock.

<TABLE>
<CAPTION>
Quarters ended                         December 31            March 31              June 30            September 30
                                    -------------------  --------------------  -------------------  -------------------
(In millions except per share data)    2003       2002       2004       2003      2004       2003       2004      2003
-----------------------------------------------------------------------------------------------------------------------
<S>                                 <C>       <C>        <C>        <C>        <C>       <C>        <C>        <C>
Sales and operating revenues        $ 1,936   $  1,749   $  1,825   $  1,657   $ 2,206   $  2,018   $  2,334   $ 2,142
Operating income (loss)                  92         32         10        (24)      292        138        268       119
Income (loss) from
      continuing operations              39         (1)       (11)       (37)      167         71        203        61
Net income (loss)                        34        (92)       (16)       (39)      161         70        200       137

Basic earnings (loss) per share
      Continuing operations         $   .56   $   (.02)  $   (.16)  $   (.54)  $  2.38   $   1.04   $   2.86   $   .89
      Net income (loss)                 .49      (1.35)      (.23)      (.57)     2.29       1.02       2.81      2.00

Diluted earnings (loss) per share
      Continuing operations         $   .56   $   (.02)  $   (.16)  $   (.54)  $  2.35   $   1.03   $   2.81   $   .89
      Net income (loss)                 .49      (1.35)      (.23)      (.57)     2.26       1.01       2.76      1.99

Common cash dividends per share     $  .275   $   .275   $   .275   $   .275   $  .275   $   .275   $   .275   $  .275

Market price per common share
      High                          $ 44.55   $  30.80   $  52.20   $  30.37   $ 53.35   $  33.85   $  56.71   $ 34.51
      Low                             33.19      23.60      43.73      25.91     44.25      28.66      48.40     30.27

</TABLE>


Ashland Inc. and Consolidated Subsidiaries
Schedule II - Valuation and Qualifying Accounts
<TABLE>
<CAPTION>

                                                  Balance at     Provisions                                  Balance
                                                   beginning     charged to      Reserves       Other         at end
(In millions)                                        of year       earnings      utilized     changes        of year
---------------------------------------------------------------------------------------------------------------------
<S>                                                 <C>          <C>           <C>           <C>           <C>
Year ended September 30, 2004
Reserves deducted from asset accounts
      Accounts receivable                           $     35     $       20    $      (16)   $       2     $      41
      Inventories                                          9              2            (1)           -            10
---------------------------------------------------------------------------------------------------------------------
Year ended September 30, 2003
Reserves deducted from asset accounts
      Accounts receivable                           $     34     $       18    $      (18)   $       1     $      35
      Inventories                                         12              2            (5)           -             9
---------------------------------------------------------------------------------------------------------------------
Year ended September 30, 2002
Reserves deducted from asset accounts
      Accounts receivable                           $     33     $       23    $      (23)   $       1     $      34
      Inventories                                         12              5            (5)           -            12
---------------------------------------------------------------------------------------------------------------------

</TABLE>


                                   F-25
<PAGE>



Ashland Inc. and Consolidated Subsidiaries
Information by Industry Segment
Years Ended September 30
<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Revenues
Sales and operating revenues
      APAC                                                                      $    2,525   $    2,400   $    2,652
      Ashland Distribution                                                           3,199        2,811        2,541
      Ashland Specialty Chemical                                                     1,386        1,212        1,130
      Valvoline                                                                      1,297        1,235        1,152
      Intersegment sales (1)
        Ashland Distribution                                                           (19)         (21)         (20)
        Ashland Specialty Chemical                                                     (86)         (69)         (63)
        Valvoline                                                                       (1)          (2)          (2)
                                                                                -----------  -----------  -----------
                                                                                     8,301        7,566        7,390
Equity income
      APAC                                                                              19            9            -
      Ashland Specialty Chemical                                                         8            7            4
      Valvoline                                                                          -            -            1
      Refining and Marketing                                                           405          285          176
                                                                                -----------  -----------  -----------
                                                                                       432          301          181
Other income
      APAC                                                                              22            -           12
      Ashland Distribution                                                               9           18           17
      Ashland Specialty Chemical                                                        16           10            4
      Valvoline                                                                          4            5            6
      Refining and Marketing                                                            (6)           2            2
      Corporate                                                                          3           10            5
                                                                                -----------  -----------  -----------
                                                                                        48           45           46
                                                                                -----------  -----------  -----------
                                                                                $    8,781   $    7,912   $    7,617
                                                                                ===========  ===========  ===========
Operating income
APAC                                                                            $      111   $      (42)  $      122
Ashland Distribution                                                                    78           32            1
Ashland Specialty Chemical                                                              87           31           70
Valvoline                                                                              105           87           77
Refining and Marketing (2)                                                             383          263          143
Corporate                                                                             (102)        (105)         (92)
                                                                                -----------  -----------  -----------
                                                                                $      662   $      266   $      321
                                                                                ===========  ===========  ===========
Assets
APAC                                                                            $    1,428   $    1,481   $    1,498
Ashland Distribution                                                                   922          856          884
Ashland Specialty Chemical                                                             842          749          941
Valvoline                                                                              658          667          611
Refining and Marketing                                                               2,742        2,484        2,409
Corporate (3)                                                                          910          769          379
                                                                                -----------  -----------  -----------
                                                                                $    7,502   $    7,006   $    6,722
                                                                                ===========  ===========  ===========
</TABLE>


                                   F-26

<PAGE>

<TABLE>
<CAPTION>

(In millions)                                                                         2004         2003         2002
---------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>          <C>          <C>
Investment in equity affiliates
APAC                                                                            $        6   $        4   $       (2)
Ashland Specialty Chemical                                                              40           35           30
Valvoline                                                                                7            8            9
Refining and Marketing                                                               2,713        2,448        2,350
Corporate                                                                                1            -            -
                                                                                -----------  -----------  -----------
                                                                                $    2,767   $    2,495   $    2,387
                                                                                ===========  ===========  ===========
Expense (income) not affecting cash
Depreciation, depletion and amortization
      APAC                                                                      $       95   $      108   $      114
      Ashland Distribution                                                              18           19           21
      Ashland Specialty Chemical                                                        41           40           38
      Valvoline                                                                         27           26           24
      Corporate                                                                         12           11           11
                                                                                -----------  -----------  -----------
                                                                                       193          204          208
Other noncash items (4)
      APAC                                                                              20          (25)          24
      Ashland Distribution                                                               3            3            1
      Ashland Specialty Chemical                                                         8           (2)           3
      Valvoline                                                                          2            4           (2)
      Refining and Marketing                                                          (181)           2         (168)
      Corporate                                                                         12          (30)          41
                                                                                -----------  -----------  -----------
                                                                                      (136)         (48)        (101)
                                                                                -----------  -----------  -----------
                                                                                $       57   $      156   $      107
                                                                                ===========  ===========  ===========
Additions to property, plant and equipment
APAC                                                                            $       73   $       47   $      107
Ashland Distribution                                                                    10            5           15
Ashland Specialty Chemical                                                              62           34           27
Valvoline                                                                               26           18           22
Corporate                                                                               39            8            7
                                                                                -----------  -----------  -----------
                                                                                $      210   $      112   $      178
                                                                                ===========  ===========  ===========

</TABLE>
(1)  Intersegment sales are accounted for at prices that approximate market
     value.
(2)  Includes Ashland's equity income from MAP, amortization related to
     Ashland's excess investment in MAP, and other activities associated
     with refining and marketing.
(3)  Includes cash, cash equivalents and other unallocated assets.
(4)  Includes deferred income taxes, equity income from affiliates net of
     distributions, and other items not affecting cash.


                                   F-27


<PAGE>
Ashland Inc. and Consolidated Subsidiaries
Five-Year Selected Financial Information
Years Ended September 30
<TABLE>
<CAPTION>

(In millions except per share data)                        2004         2003          2002         2001         2000
---------------------------------------------------------------------------------------------------------------------
<S>                                                   <C>          <C>          <C>          <C>          <C>
Summary of operations
Revenues
      Sales and operating revenues                    $   8,301    $   7,566    $    7,390   $    7,544   $    7,785
      Equity income                                         432          301           181          755          395
      Other income                                           48           45            46           53           63
Cost and expenses
      Cost of sales and operating expenses               (6,948)      (6,390)       (6,115)      (6,358)      (6,517)
      Selling, general and administrative expenses       (1,171)      (1,256)       (1,181)      (1,163)      (1,081)
                                                      ----------   ----------   -----------  -----------  -----------
Operating income                                            662          266           321          831          645
Net interest and other financial costs                     (114)        (128)         (138)        (175)        (194)
                                                      ----------   ----------   -----------  -----------  -----------
Income from continuing operations
      before income taxes                                   548          138           183          656          451
Income taxes                                               (150)         (44)          (68)        (266)        (179)
                                                      ----------   ----------   -----------  -----------  -----------
Income from continuing operations                           398           94           115          390          272
Results from discontinued operations                        (20)         (14)           13           32         (202)
                                                      ----------   ----------   -----------  -----------  -----------
Income before cumulative effect
      of accounting changes                                 378           80           128          422           70
Cumulative effect of accounting changes                       -           (5)          (11)          (5)           -
                                                      ----------   ----------   -----------  -----------  -----------
Net income                                            $     378    $      75    $      117   $      417   $       70
                                                      ==========   ==========   ===========  ===========  ===========
Balance sheet information
Current assets                                        $   2,302    $   2,085    $    2,071   $    2,233   $    2,173
Current liabilities                                       1,815        1,484         1,520        1,530        1,711
                                                      ----------   ----------   -----------  -----------  -----------
Working capital                                       $     487    $     601    $      551   $      703   $      462
                                                      ==========   ==========   ===========  ===========  ===========

Total assets                                          $   7,502    $   7,006    $    6,722   $    7,128   $    6,824

Short-term debt                                       $      40    $       -    $       10   $        -   $      245
Long-term debt (including current portion)                1,508        1,614         1,797        1,871        1,981
Stockholders' equity                                      2,706        2,253         2,173        2,226        1,965
                                                      ----------   ----------   -----------  -----------  -----------
Capital employed                                      $   4,254    $   3,867    $    3,980   $    4,097   $    4,191
                                                      ==========   ==========   ===========  ===========  ===========
Cash flow information
Cash flows from operations                            $     209    $     242    $      168   $      814   $      468
Additions to property, plant and equipment                  210          112           178          214          240
Cash dividends                                               77           75            76           76           78
Common stock information
Diluted earnings per share
      Income from continuing operations               $    5.59    $    1.37    $     1.64   $     5.54   $     3.83
      Net income                                           5.31         1.10          1.67         5.93          .98
Cash dividends per share                                   1.10         1.10          1.10         1.10         1.10
</TABLE>


                                   F-28
<PAGE>
                                                                EXHIBIT INDEX



10.7    -  Form of  employment  agreement  between  Ashland  Inc.  and an
           executive officer.

10.14   -  Form of Notice of Grant of Stock Appreciation Right (SAR) Award.

10.15   -  Form of Restricted Stock Award.

10.16   -  Form of Notice of Grant of Nonqualified Stock Option.

10.17   -  Amended and Restated Limited Liability Company Agreement dated as
           of December 31, 1998, of  Marathon  Ashland  Petroleum LLC by and
           between Ashland Inc. and Marathon Oil Company.

10.19   -  Put/Call Registration Rights and Standstill Agreement, dated as of
           January  1,  1998,  including  Amendment  No. 1  thereto,  dated
           December 31, 1998, among Marathon Oil Company,  USX Corporation,
           Ashland Inc. and Marathon Ashland Petroleum LLC.

10.21   -  Three-Year, $250 Million Revolving Credit Agreement dated as of
           April 2, 2004

10.22   -  364-Day, $100 Million Revolving Credit Agreement dated as of
           April 2, 2004

11      -  Computation of Earnings Per Share (appearing on page F-9 of this
           annual report on Form 10-K).

12      -  Computation of Ratio of Earnings to Fixed Charges.

21      -  List of Subsidiaries.

23.1    -  Consent of Independent Registered Public Accounting Firm.

24      -  Power of Attorney, including resolutions of the Board of Directors.

31.1    -  Certification of James J. O'Brien, Chief Executive Officer of
           Ashland,  pursuant to Section 302 of the  Sarbanes-Oxley  Act of
           2002.

31.2    -  Certification of J. Marvin Quin, Chief Financial Officer of Ashland,
           pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32      -  Certification of James J. O'Brien, Chief Executive Officer of
           Ashland, and J. Marvin Quin, Chief Financial Officer of Ashland,
           pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

99.1    -  Consent of Tillinghast-Towers Perrin.

99.2    -  Consent of Hamilton, Rabinovitz & Alschuler, Inc.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex107.txt
<DESCRIPTION>EXHIBIT 10.7 FORM OF EMPLOYMENT AGREEMENT
<TEXT>
                                                          EXHIBIT 10.7



                                              December 19, 2003






Mr. Garry Higdem
2207 Longmire Road
Conroe, TX 77304

Dear Garry:

           This letter is to confirm the employment offer extended to you
for the position of Senior Vice President of Ashland Inc., and President of
APAC reporting directly to me as Chairman and Chief Executive Officer, Your
salary will be $450,000 on an annualized basis, which is paid semi-monthly
at $18,750. Ashland will provide you with a one time sign-on bonus in the
amount of $250,000 to be paid upon commencement of your employment. You
will also be recommended for a one time restricted stock grant of 25,000
shares. The shares will vest in increments of 25% per year and be fully
vested four years from date of grant.

           As was discussed in the job offer, you will be eligible for our
annualized incentive program (IC). Your annualized target opportunity
under this program is 90% of salary and actual payout is dependent upon
your individual performance as well as Ashland end APAC financial
performance for the year, however, we will guarantee a minimum payment of
$300,000 for fiscal 2004. Bonuses are normally paid in November following
the end of the fiscal year.

         You will also be included in the company's multi-year incentive
program called LTIP (long-term incentive program). Your target annual
opportunity under this program is 100% of salary and again, actual payout
is dependent on financial results over the performance cycle. However, you
will be eligible for a guaranteed payment of $337,500 under the 2002-2004
performance cycle. A copy of the FY 2002-2004 and 2003-2005 Policy
Memorandums outlining the specifics of the plan is included for your
reference. You will receive more information regarding your grants under
the 2003-2005 and 2004-2006 cycles once formally approved by the Personnel
and Compensation Committee in January.

<PAGE>
Mr. Garry Hidem
December 19, 2003
Page 2


         Stock options are typically granted in September of each year.
Under the current guidelines you would be eligible to receive up to 20,000
options on an annual basis, We are currently reviewing our stock program
and are considering some changes to the form of the equity compensation
provided. In September 2004 you will be eligible to receive a grant under
the guidelines established for a Level I executive.

         In addition to the above, you will be eligible to participate in
other benefit plans consisting of financial planning, deferred
compensation, various insurance and health benefit plans. Your
participation in particular employee benefits programs will be subject to
the same limitations and conditions as those applicable to other employees
eligible to participate.

         Garry, we are very pleased to extend this offer of employment to
you. We look forward to an excellent opportunity for both you and Ashland
as a result of your acceptance.

         If you have any questions, concerns or need additional
information, Susan Baler, Vice President, Human Resources Programs &
Services will be happy to assist you. She can be reached at 859/815-3543.

                                         Yours truly,


                                         James J. O'Brien

Enclosures

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>3
<FILENAME>ex1014.txt
<DESCRIPTION>EXHIBIT 10.14 FORM OF NOTICE GRANTING STOCK APPRECIATION RIGHTS
<TEXT>
                                                                  EXHIBIT 10.14


      FORM OF NOTICE OF GRANT OF STOCK APPRECIATION RIGHT (SAR) AWARD

Name of Employee:

Name of Plan:            Amended and Restated Ashland Inc. Incentive Plan

Number of SAR's:

Grant Price Per SAR:

Date of SAR Grant:

Exercise Schedule:

Expiration Date:

ASHLAND INC ("Ashland") hereby confirms the grant of a Stock Appreciation
Right ("SAR") award ("Award") to the above-named Employee ("Employee").
This Award entitles Employee to receive Ashland stock equal to the excess
of the fair market value of Ashland Common Stock, par value $1.00 per share
("Common Stock") , as determined by the closing price of the Common Stock
as reported on the Composite Tape of the New York Stock Exchange, on the
date the SAR is exercised over the grant price of the Common Stock, with an
aggregate value equal to the excess of the fair market value of one share
of Common Stock over the exercise price specified in such SAR multiplied by
the number of SARs of Common Stock covered by such SAW or portion thereof
which is so surrendered. This Award is granted under, and is subject to,
all the terms and conditions of the Plan. Copies of the Plan and related
Prospectus are available for your review on FirstHand, Ashland's intranet
site. If you would prefer to have a hard copy of either of these documents
mailed to you, please contact Corporate Human Resources at (859) 357-2008.

Please acknowledge your receipt of this Notice of Grant, by signing, dating
and returning the enclosed copy of this Notice of Grant to Kristie Ptasnik,
Corporate Human Resources, LA-lN, on or before _________________, or the
Award will become null and void

ASHLAND INC.


By:_____________________________

DATE:                                          EMPLOYEE:



____________________________________           ______________________________


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>ex1015.txt
<DESCRIPTION>EXHIBIT 10.15 FORM OF NOTICE GRANTING RESTRICTED STOCK AWARDS
<TEXT>
                                                                EXHIBIT 10.15


                       FORM OF RESTRICTED STOCK AGREEMENT


Name of Company:                      ASHLAND  INC.

Name of Participant:

Number of Shares of Ashland Inc.
    Common Stock

Par Value Per Share:                  $1.00

Vesting Schedule:


Date of Award:



         WHEREAS, Ashland Inc. (hereinafter called "Ashland") desires to award
to the above-named Participant (hereinafter called the "Participant"), ______
shares of Ashland Common Stock, par value $1.00 per share, subject to certain
restrictions (hereinafter called "Restricted Stock"), pursuant to the Amended
and Restated Ashland Inc. Incentive Plan (hereinafter called the "Plan"), in
order to provide the Participant with an additional incentive to continue
his/her services to Ashland and to continue to work for the best interests of
Ashland;

         NOW, THEREFORE, Ashland hereby confirms this award to the Participant,
as a matter of separate agreement and not in lieu of salary or any other
compensation for services, of the number of shares of Restricted Stock set forth
above, subject to and upon all the terms, provisions and conditions contained
herein and in the Plan, which is incorporated by reference. Full details of the
Plan are in the legal text of the Plan. If there are any differences between the
general description of the restrictions offered herein and the legal text of the
Plan, the Plan governs.

         Your award will be evidenced by the issuance of Restricted Stock
Certificates. Each certificate issued in respect of shares of Restricted Stock
shall be registered in the name of the Participant, but held in the custody of
Ashland along with a copy of an executed Stock Power (the form of which is
attached hereto as Exhibit A), and shall bear the following legend:

         "The transferability of this certificate and the shares of stock
         represented hereby are subject to the terms and conditions (including
         forfeitures) contained in the Amended and Restated Ashland Inc.
         Incentive Plan and an Agreement entered into between the registered
         owner and Ashland Inc."

         The Restricted Stock will vest according to the Vesting Schedule and
may not be sold, assigned, transferred, pledged, or otherwise encumbered (except
to the extent such shares shall have vested) until such date. Unless otherwise
determined and directed by the Personnel and Compensation Committee (the
"Committee"), in the case of the Participant's termination for any reason prior
to the lapse of all restrictions on the Restricted Stock, all such Restricted
Stock which has not vested will be forfeited. Except for such restrictions
described above, the Participant will have all rights of a shareholder with
respect to the shares of Restricted Stock including, but not limited to, the
right to vote and to receive dividends if and when paid.

         Six months prior to each Vesting Date, the Participant may elect to
defer some or all of the shares of Restricted Stock that vest into a
hypothetical stock fund in the Ashland Inc. Deferred Compensation Plan
("Deferred Compensation Plan") in the form of Common Stock Units (the "Common
Stock Units"). Common Stock Units in the Deferred Compensation Plan have no
voting rights. However, the Common Stock Units have the right to receive
dividends if and when paid and those dividends will be automatically deferred.
Distribution will be made in accordance with the Participant's election under
the Deferred Compensation Plan. Currently, distribution of Common Stock Units
must be made in shares of Ashland Common Stock.

         If you elect to defer all of the shares of Restricted Stock, you will
owe federal employment taxes, and depending on your city and county of
residence, local income taxes at the Vesting Date. If you elect to defer a
portion of the shares, you will owe federal, state and local income taxes and
federal employment taxes on the portion of shares you receive, and federal
employment taxes, and depending on your city and county of residence, local
income taxes on the shares you defer, at the Vesting Date. If you do not elect
to defer any of the shares, you will owe federal, state and local income taxes
and employment taxes on all of the shares at the Vesting Date. The amount of
taxes due in each instance is based on the fair market value of the shares on
the Vesting Date.

         Nothing contained in this Agreement or in the Plan shall confer upon
the Participant any right to remain in the service of Ashland.

         Subject to the terms and conditions specified herein and of the Plan,
the Restricted Stock shall be confirmed by execution of this Agreement and
delivery thereof no later than _________________, to Ashland, which is located
at 3499 Blazer Parkway, Lexington, KY 40509 Attention: Kristie Ptasnik
(inter-company LA-1N). The right to the Restricted Stock under the Plan shall
expire if not accepted within forty-five (45) days after the date of the award
of Restricted Stock as set forth above.


<PAGE>




         IN WITNESS WHEREOF, ASHLAND has caused this instrument to be executed
and delivered effective as of the day and year first above written. This
Restricted Stock Agreement shall not be valid unless signed by a Vice President,
Human Resources of Ashland.

                                           ASHLAND  INC.


                                           By: _________________________
                                           Vice President, Human Resources





         I hereby elect to receive my award of Restricted Stock subject to the
terms and conditions of the Amended and Restated Ashland Inc. Incentive Plan. My
election to accept the award of Restricted Stock is effective October 1, 2004.






Date:  ________________                         _____________________________
                                                Employee Name


<PAGE>


STOCK POWER                                                       Exhibit A


FOR VALUE  RECEIVED,  _______________________  hereby  sells,  assigns  and
transfers unto  _________________________________  (_______)  Shares of the
Capital   Stock   of   ___________________________________    standing   in
__________________________     name     on    the     books     of     said
________________________  represented by Certificate No. _________ herewith
and do hereby  irrevocably  constitute and appoint  _______________________
attorney  to  transfer  the said  stock on the  books of the  within  named
Company with full power of substitution in the premises.

Dated: __________, ____                 ____________________________________




Signature Guaranteed By:

Not Required
                                                    (Name of Bank)


                                        By:-----------------------------------
                                                  (Signature of Officer)
                                                  (Title of Officer)

TO BE EXECUTED BY A DULY AUTHORIZED
OFFICER OF THE BANK

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>5
<FILENAME>ex1016.txt
<DESCRIPTION>EXHIBIT 10.16 FORM OF NOTICE GRANTING NONQUALIFIED STOCK OPTION AWARDS
<TEXT>
                                                                   EXHIBIT 10.16

           FORM OF NOTICE OF GRANT OF NON-QUALIFIED STOCK OPTION


  Name of Employee:

  Name of Plan:            Amended and Restated Ashland Inc. Incentive Plan

  Number of Option Shares:

  Exercise Price Per Share:

  Date of Option Grant:

  Exercise Schedule:

  Expiration Date:

ASHLAND INC. ("Ashland") hereby confirms the grant of a non-qualified stock
option to purchase  shares of Ashland  Common Stock  including  restoration
options,  (the "Option") to the  above-named  Employee  ("Employee").  This
Option is granted under, and is subject to, all of the terms and conditions
of  the  Plan.  Copies  of  the  Plan  end  related  Prospectus,  including
information  with respect to  restoration  options,  are available for your
review on FirstHand, Ashland's intranet site. If you would prefer to have a
hard copy of  either  of these  documents  mailed  to you,  please  contact
Corporate Human Resources at (859) 357-2008.

Please  acknowledge  your  receipt of this  Notice by  signing,  dating and
returning  the  enclosed  copy of this Notice of Grant to Kristie  Ptasnik,
Corporate Human Resources, LA-1N, on or before ____________________, or the
Option will become null and void.


  ASHLAND INC.



By:_________________________________


DATE:                                                 EMPLOYEE:


_____________________________________                 ________________________

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>amended.htm
<DESCRIPTION>EXHIBIT 10.17 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT
<TEXT>
 <HTML><HEAD>
<TITLE>Amended and Restated Limited Liability Company Agreement</TITLE>
</HEAD>
<BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Exhibit 10.17 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EXECUTION COPY </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">AMENDED AND RESTATED </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">LIMITED LIABILITY COMPANY AGREEMENT </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">of </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">MARATHON ASHLAND PETROLEUM LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Dated as of December 31, 1998 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">TABLE OF CONTENTS </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Page</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE I</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Certain Definitions; Applicable GAAP</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Definitions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Applicable GAAP</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE II</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>General Provisions</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Formation; Effectiveness</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Name</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Term</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Registered Agent and Office</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Purpose</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;2.06.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Powers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE III</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Members</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Members; Percentage Interests</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjustments in Percentage Interests</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IV</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Capital Contributions; Assumption of Assumed Liabilities</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Contributions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Additional Contributions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Negative Balances; Withdrawal of Capital; Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE V</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Distributions</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Distributions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certain General Limitations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Distributions in Kind</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Distributions in the Event of an Exercise of the Marathon Call Right, Ashland Put Right or the Special Termination Rights</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Allocations and Other Tax Matters</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Maintenance of Capital Accounts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Allocations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Allocations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Elections</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Fiscal Year</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.06.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Returns</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.07.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Matters Partner</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.08.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Duties of Tax Matters Partner</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.09.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Survival of Provisions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;6.10.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Section 754 Election</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.11.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Qualified Income Offset, Minimum Gain Chargeback</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.12.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Treatment of Designated Sublease Agreements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.13.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Treatment of Reimbursed Liability Payments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.14.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Treatment of Disproportionate Payments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.15.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Allocation of Income, Gains, Losses and Other Items from LOOP LLC and LOCAP, Inc.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.16.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Allocation of Income, Gain, Loss, Deduction and Credits Attributable to Stock-Based Compensation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VII</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Books and Records</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Books and Records; Examination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Financial Statements and Reports</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notice of Affiliate Transactions; Annual List</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ii </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VIII</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Management of the Company</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Managing Members</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Board of Managers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Responsibility of the Board of Managers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Meetings</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Compensation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.06.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Quorum</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.07.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Voting</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.08.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Matters Constituting Super Majority Decisions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.09.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Annual Capital Budget</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.10.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Business Plan</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.11.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Requirements as to Affiliate Transactions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.12.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Review of Certain Affiliate Transactions Related to Crude Oil Purchases and Shared Services</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.13.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjustable Amounts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.14.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Company Leverage Policy</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.15.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Company&#146;s Investment Guidelines</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.16.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Requirements as to Operating Leases</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.17.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Limitations on Actions Relating to the Calculation of Distributable Cash</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.18.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Reliance by Third Parties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.19.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Integration of Retail Operations</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IX</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Officers</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Election, Appointment and Term of Office</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Resignation, Removal and Vacancies</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">66</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Duties and Functions of Executive Officers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE X</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Transfers of Membership Interests</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Restrictions on Transfers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conditions for Admission</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Allocations and Distributions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Right of First Refusal</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Restriction on Resignation or Withdrawal</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iii </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Liability, Exculpation and Indemnification</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Liability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Exculpation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Indemnification</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XII</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Fiduciary Duties</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 12.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Duties and Liabilities of Covered Persons</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 12.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Fiduciary Duties of Members of the Company and Members of the Board of Managers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIII</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Dispute Resolution Procedures</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">General</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Dispute Notice and Response</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Negotiation Between Senior Managers</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Negotiation Between Chief Executive Officer and President</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;13.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Right to Equitable Relief Preserved</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIV</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Rights and Remedies with Respect to Monetary Disputes</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ability of Company to Borrow to Fund Disputed Monetary Amounts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Interim Payment of Disputed Monetary Amount</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Liquidated Damages</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Right of Set-Off</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Security Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">iv </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XV</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Dissolution and Termination</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Dissolution</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Winding Up of Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Distribution of Property</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Time Limitation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Termination of Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XVI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Miscellaneous</U></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Notices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Merger and Entire Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.03.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Assignment</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.04.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Parties in Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.05.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Counterparts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.06.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Amendment; Waiver</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.07.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Severability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.08.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">GOVERNING LAW</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;16.09.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Enforcement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.10.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Creditors</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.11.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">No Bill for Accounting</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.12.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Waiver of Partition</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.13.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Table of Contents, Headings and Titles</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.14.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Use of Certain Terms; Rules of Construction</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.15.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Holidays</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.16.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Third Parties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.17.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Liability for Affiliates</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="82%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Appendix A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certain Definitions</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Appendix B</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Procedures for Dispute Resolution</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Exhibit A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Speedway SuperAmerica LLC Retail Integration Protocol</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule 1.01</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Financed Properties</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule 4.01(c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Subleased Property</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule 4.02(a)-1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Marathon Capital Expenditures</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule 4.02(a)-2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ashland Capital Expenditures</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule&nbsp;8.01(k)(i)(A)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Closing Date Affiliate Transactions</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule 8.14</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Company Leverage Policy</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule 8.15</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Company Investment Guidelines</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Calculations re: Normal Annual Capital Budget Amount</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule B-1</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjustments to Historical EBITDA (Marathon)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule B-2</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjustments to Historical EBITDA (Ashland)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedule C</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Initial Executive Officers</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">v </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT dated as of December 31, 1998, of MARATHON
ASHLAND PETROLEUM LLC (the &#147;<U>Company</U>&#148;), by and between Marathon Oil Company, an Ohio corporation (&#147;<U>Marathon</U>&#148;), and Ashland Inc., a Kentucky corporation (&#147;<U>Ashland</U>&#148;), as Members. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Preliminary Statement </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, on June 11, 1997, Marathon and Emro Marketing Company (&#147;Emro
Marketing&#148;) formed the Company (formerly known as &#147;Emro Supply, LLC&#148;) by filing a Certificate of Formation of the Company with the Secretary of State of the State of Delaware and executed the Limited Liability Company Agreement of the
Company pursuant to which Marathon received a 60% interest in the Company and Emro Marketing received a 40% interest in the Company; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, on July 18, 1997, Emro Marketing assigned its interest in the Company to Marathon and Fuelgas Company, Inc., a wholly owned subsidiary of
Marathon (&#147;Fuelgas&#148;), with Marathon receiving an additional 39% interest in the Company and Fuelgas receiving a 1% interest in the Company, which interest will be transferred to Marathon immediately following the Closing (for purposes of
this Agreement and the other Transaction Documents, all references to Marathon&#146;s interest in the Company shall be deemed to include the 1% interest owned by Fuelgas); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, on July 18, 1997, Marathon and Fuelgas executed the First Amended and Restated Limited Liability Company Agreement
of the Company and filed an Amended and Restated Certificate of Formation of the Company with the Secretary of State of the State of Delaware; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, on October 29, 1997, Marathon and Fuelgas filed a Second Amended and Restated Certificate of Formation of the Company with the Secretary of State
of the State of Delaware to change the name of the Company to Marathon Ashland Petroleum LLC; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">WHEREAS, on December 8, 1997, Marathon and Fuelgas executed the Second Amended and Restated Limited Liability Company Agreement of the Company which became effective on December 10, 1997; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS the parties hereto desire that the Company (a) be a premier petroleum
supply, refining, marketing and transportation business, (b) create a highly efficient, cost-effective and competitive petroleum supply, refining, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">marketing and transportation system, (c) deliver to the Members the highest possible economic value added, (d) be customer-focused and market-driven in its
business strategy, (e) be a respected and responsible member of the communities in which the Company will operate, with a high regard for environmental responsibility and employee safety, and (f) seek to maximize Distributable Cash to the Members
consistent with the foregoing, including capital spending levels which over time are expected to be generally equivalent to the level of non-cash charges; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS the Members entered into this Agreement on January 1, 1998 to set forth the rights and responsibilities of each of them with respect to the
governance, financing and operation of the Company; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS,
the Members have executed Amendment No. 1 to this Agreement as of August 21, 1998, and have executed Amendment No. 2 to this Agreement as of September 1, 1998; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS, the Members wish to make certain additional amendments to this Agreement, and to restate this Agreement
incorporating such additional amendments as well as the amendments contained in Amendment No. 1 and Amendment No. 2. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">NOW, THEREFORE, the parties hereto hereby agree as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE I </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Certain Definitions; Applicable GAAP </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.01. <U>Definitions.</U> Defined terms used in this Agreement shall have the meanings ascribed to them by definition in this Agreement or in
Appendix A. In addition, when used herein the following terms have the following meanings: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Accounting Determination</U>&#148; has the meaning set forth in Section 1.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Acquisition Expenditures</U>&#148; means, in connection with any acquisition by the Company and its subsidiaries, without duplication (i) the
purchase price paid or to be paid for the net assets or capital stock or other equity interests in connection with such acquisition, (ii) any Indebtedness assumed by the Company and its subsidiaries in connection with any such acquisition, (iii) any
contingent </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">liabilities assumed or incurred by the Company and its subsidiaries in connection with any such acquisition to the extent that such contingent liabilities
are required to be reflected on the balance sheet of the Company and its subsidiaries in accordance with Financial Accounting Standard Number 5 (or any successor or superseding provision of Applicable GAAP), and (iv) all other costs and expenses
incurred or to be incurred by the Company or any of its subsidiaries in connection with any such acquisition to the extent that such costs and expenses would be capitalized if such acquisition were consummated. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Adjustable Amount</U>&#148; has the meaning set forth in Section
8.13. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Additional Monetary Amount</U>&#148; has the
meaning set forth in Section 14.03(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Additional
Required Cash Amount</U>&#148; has the meaning set forth in Section 14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Adjusted DD&amp;A</U>&#148; means: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(i) for the twelve-month periods ended December 31, 1995 and 1996, $348 million and $346 million, respectively; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) for the twelve-month period ended December 31, 1997, the total combined depreciation, depletion and amortization expense of the
Marathon Business and the Ashland Business during such twelve-month period, including, without duplication, (a) any gains (deductions from depreciation, depletion and amortization) or losses (additions to depreciation, depletion and amortization) on
asset retirements during such period and (b) pro forma depreciation, depletion and amortization expense related to the Financed Properties during such period (calculated in the same manner such pro forma depreciation, depletion and amortization
expense was calculated in Schedule A, which considers the placed-in-service dates of the Financed Properties); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) for the twelve-month period ended September 30, 1998, the sum of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) the total combined depreciation, depletion and amortization expense of the Marathon Business and the
Ashland Business during the period commencing on October 1, 1997, and ended on the date immediately preceding the Closing Date, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%">
<FONT FACE="Times New Roman" SIZE="2"><U>including</U>, without duplication, (1) any gains (deductions from depreciation, depletion and amortization) or losses (additions to depreciation,
depletion and amortization) on asset retirements during such period and (2) pro forma depreciation, depletion and amortization expense related to the Financed Properties during such period (calculated in the same manner such pro forma depreciation,
depletion and amortization expense was calculated in Schedule A, which considers the placed-in-service dates of the Financed Properties); and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) the total depreciation, depletion and amortization expense of the Company and its subsidiaries for the period commencing on the
Closing Date and ended on September 30, 1998, <U>including</U> (1) any gains (deductions from depreciation, depletion and amortization) or losses (additions to depreciation, depletion and amortization) on asset retirements during such period, (2)
depreciation, depletion and amortization expense related to the Garyville Propylene Upgrade Project during such period and (3) depreciation, depletion and amortization expense related to all Company-funded Capital Expenditures, but <U>excluding</U>
(4) depreciation, depletion and amortization expense related to Member-Funded Capital Expenditures and (5) the increase or decrease in such depreciation, depletion and amortization expense related to the Ashland Transferred Assets (including pro
forma depreciation, depletion and amortization expense related to the Financed Properties) resulting from the application of purchase accounting treatment to the transactions contemplated by the Transaction Documents (such purchase accounting
treatment causing an increase or decrease in the estimated useful lives and the net book value of the Ashland Transferred Assets); and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) for the twelve-month period ended September 30, 1999, and each twelve-month period ended September 30 thereafter, the total
depreciation, depletion and amortization expense of the Company and its subsidiaries for such twelve-month period, <U>including</U>, without duplication, (a) any gains (deductions from depreciation, depletion and amortization) or losses (additions
to depreciation, depletion and amortization) on asset retirements during such period, (b) depreciation, depletion and amortization expense </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">related to the Garyville Propylene Upgrade Project during such period and (c) depreciation, depletion and amortization expense related to Company-funded
Capital Expenditures but <U>excluding</U> (d) depreciation, depletion and amortization expense related to Member-Funded Capital Expenditures and (e) the increase or decrease in such depreciation, depletion and amortization expense related to the
Ashland Transferred Assets (including pro forma depreciation, depletion and amortization expense related to the Financed Properties) resulting from the application of purchase accounting treatment to the transactions contemplated by the Transaction
Documents (such purchase accounting treatment causing an increase or decrease in the estimated useful lives and the net book value of the Ashland Transferred Assets); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">all as determined on a consolidated basis with respect to (x) in the case of any period ending prior to the Closing Date, Marathon and its
subsidiaries or Ashland and its subsidiaries, as applicable, or (y) in the case of any period ending on or after the Closing Date, the Company and its subsidiaries, in each case in accordance with Applicable GAAP. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Adjusted EBITDA</U>&#148; means: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) for the twelve-month periods ended December 31, 1995 and
1996, $657 million and $600 million, respectively; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(ii) for the twelve-month period ended December 31, 1997, the sum of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Historical EBITDA for such twelve-month period, plus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) $80 million, minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) 38% of an amount equal to (1) the sum of the amounts calculated pursuant to clauses (a) and (b) above
for such twelve-month period less (2) the Adjusted DD&amp;A for such twelve-month period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) for the twelve-month period ended September 30, 1998, the sum of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) for the period commencing on October 1, 1997, and ended on the date immediately preceding the Closing
Date, the sum of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) Historical EBITDA for
such period, plus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) $20 million, minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) 38% of an amount equal to (A) the sum of the amounts calculated pursuant to clauses (1) and (2) above
with respect to such period less (B) the Adjusted DD&amp;A for such period; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) for the period commencing on the Closing Date and ended on September 30, 1998, the sum of: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) EBITDA of the Company and its subsidiaries for such
period, plus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) $12.4 million, minus
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) the Tax Distribution Amounts paid or to
be paid in respect of each of the three Fiscal Quarters (or portion thereof) included in such period; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) for the twelve-month period ended September 30, 1999 and each twelve-month period ended September 30 thereafter, the sum of:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) EBITDA of the Company and its
subsidiaries for such twelve-month period, minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(b) the Tax Distribution Amounts paid or to be paid in respect of each of the four Fiscal Quarters included in such twelve-month period; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">all as determined on a consolidated basis with respect to (x) in the case of any period ending prior to the Closing Date, Marathon and its subsidiaries or Ashland and its
subsidiaries, as applicable, or (y) in the case of any period ending on or after the Closing Date, the Company and its subsidiaries, in each case in accordance with then Current GAAP (other than Ordinary Course Lease Expenses which shall be
calculated in accordance with Applicable GAAP). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Advanced Amount</U>&#148; has the meaning set forth in Section 14.01(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliate Transaction</U>&#148; means any agreement or transaction between the Company or any of
its subsidiaries and any Member or any Affiliate of any Member that: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(a) for purposes of Section 7.03(a)(i), will result or is reasonably anticipated will result in expenditures, contingent or actual liabilities or benefits to the Company and its subsidiaries in excess of $2 million;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) for purposes of Section 7.03(b), is
either (i) outside the ordinary course of the Company and its subsidiaries&#146; business and results or will result in contingent or actual liabilities or benefits to the Company and its subsidiaries in excess of $100,000 in the applicable Fiscal
Year or (ii) within the ordinary course of the Company and its subsidiaries&#146; business and results or will result in expenditures, contingent or actual liabilities or benefits to the Company and its subsidiaries (A) in excess of $2 million
individually in the applicable Fiscal Year or (B) when taken together with all other agreements or transactions entered into the same Fiscal Year as such agreement or transaction which are either related to such agreement or transaction or are
substantially the same type of agreement or transaction as such agreement or transaction, in excess of $2 million in the aggregate in the applicable Fiscal Year; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) for purposes of Section 8.08(k)(i), is either (i) outside the ordinary course of the Company and its
subsidiaries&#146; business and will result or is reasonably anticipated will result in expenditures, contingent or actual liabilities or benefits to the Company and its subsidiaries in excess of $2 million or (ii) within the ordinary course of the
Company and its subsidiaries&#146; business and will result or is reasonably anticipated will result in expenditures, contingent or actual liabilities or benefits to the Company and its subsidiaries in excess of $25 million. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For purposes of this definition of Affiliate Transaction, any guarantee by a
Member or any Affiliate of any Member of any obligations of the Company or any of its subsidiaries that is provided by such Member or such Affiliate without cost to the Company and its subsidiaries shall not be deemed to be an Affiliate Transaction.
Notwithstanding the foregoing, the term &#147;Affiliate Transaction&#148; shall not include any distributions of cash or other property to the Members pursuant to Article V. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliate Transaction Dispute Notice</U>&#148; has the meaning set forth in Section 8.11(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Aggregate Tax Rate</U>&#148; has the meaning set forth in Section 5.01(a)(i). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Agreed Additional Capital Contributions</U>&#148; has the meaning
set forth in Section 4.02(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Agreement</U>&#148;
means this Limited Liability Company Agreement of the Company, as the same may be amended, restated, supplemented or otherwise modified from time to time. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Annual Capital Budget</U>&#148; has the meaning set forth in Section 8.09(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Applicable GAAP</U>&#148; has the meaning set forth in Section 1.02. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Approved Marathon Crude Oil Purchase Program</U>&#148; has the
meaning set forth in Section 8.12. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Arbitratable
Dispute</U>&#148; has the meaning set forth in Section 13.04(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Arbitration Payment Due Date</U>&#148; has the meaning set forth in Section 14.03(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Arbitration Proceeding</U>&#148; has the meaning set forth in Section 14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Arbitration Tribunal</U>&#148; has the meaning set forth in Appendix B. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Arm&#146;s-Length Transaction</U>&#148; has the meaning set forth in
Section 8.11(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Designated Sublease
Agreements&#148;</U> shall mean the Ashland Sublease Agreements attached as Exhibits L-1, L-2, L-3 and L-4 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland-Funded Capital Expenditures</U>&#148; has the meaning set forth in Section 4.02(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Audited Financial Statements</U>&#148; has the meaning set forth in
Section 7.02(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Average Annual DD&amp;A</U>&#148;
means: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) for Fiscal Year 1998, the average
of the Adjusted DD&amp;A for the three twelve-month periods ended December 31, 1995, 1996 and 1997; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) for Fiscal Year 1999, the average of the Adjusted DD&amp;A (i) for the two
twelve-month periods ended December 31, 1996 and 1997 and (ii) for the one twelve-month period ended September 30, 1998; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) for Fiscal Year 2000, the average of the Adjusted DD&amp;A (i) for the twelve-month period ended December 31, 1997 and (ii) for the
two twelve-month periods ending on September 30, 1998 and 1999; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(d) for Fiscal Year 2001 and each Fiscal Year thereafter, the average of the Adjusted DD&amp;A for the three twelve-month periods ending on September 30 in each of the three Fiscal Years immediately preceding such
Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Average Adjusted EBITDA</U>&#148; means:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) for Fiscal Year 1998, the average of the
Adjusted EBITDA for the three twelve-month periods ended December 31, 1995, 1996 and 1997; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) for Fiscal Year 1999, the average of the Adjusted EBITDA (i) for the two twelve-month periods ended December 31, 1996 and 1997 and
(ii) for the one twelve-month period ended September 30, 1998; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(c) for Fiscal Year 2000, the average of the Adjusted EBITDA (i) for the twelve-month period ended December 31, 1997 and (ii) for the two twelve-month periods ending on September 30, 1998 and 1999; and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) for Fiscal Year 2001 and each Fiscal Year thereafter,
the average of the Adjusted EBITDA for the three twelve-month periods ending on September 30 in each of the three Fiscal Years immediately preceding such Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Average Annual Level</U>&#148; means for any twelve-month period ending on September 30 of any calendar year, the
average of the level of the Price Index ascertained by adding the twelve monthly levels of the Price Index during such twelve-month period and dividing the total by twelve. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Bareboat Charters</U>&#148; has the meaning set forth in Section 9.3(k) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Base Level</U>&#148; means 161.2.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Base Rate</U>&#148; has the meaning set forth in Section 1.01 of the Put/Call, Registration
Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Board of
Managers</U>&#148; has the meaning set forth in Section 8.02(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Bulk Motor Oil Business</U>&#148; has the meaning set forth in Section 14.03(h) of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Business Plan</U>&#148; has the meaning set forth in Section 8.10. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Account</U>&#148; has the meaning set forth in Section 6.01. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Expenditures</U>&#148; means, for any period, the aggregate
of all expenditures incurred by the Company and its subsidiaries during such period that, in accordance with Applicable GAAP, are or should be included in additions to property, plant or equipment or similar items reflected in the consolidated
statement of cash flows of the Company and its subsidiaries; <U>provided</U>, <U>however</U>, that Capital Expenditures shall not include (a) exchanges of such items for other items, (b) expenditures of proceeds of insurance settlements by the
Company or any of its subsidiaries in respect of lost, destroyed or damaged assets, equipment or other property to the extent such expenditures are made to replace or repair such lost, destroyed or damaged assets, equipment or other property within
18 months of such loss, destruction or damage, (c) funds expended by a Member or an Affiliate of a Member to purchase any Subleased Property that is contributed to the Company or a subsidiary of the Company pursuant to Section 4.01(c)(i)(A) or (d)
Member-Funded Capital Expenditures; all as determined on a consolidated basis with respect to the Company and its subsidiaries in accordance with Applicable GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Lease</U>&#148; means any lease of (or other arrangement conveying the right to use) real or personal
property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a consolidated balance sheet of the Company and its subsidiaries in accordance with Applicable GAAP. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Closing Date Affiliate Transactions</U>&#148; has the meaning set
forth in Section 8.08(k)(i)(A). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Independent Auditors</U>&#148; has the meaning set forth in Section 7.01. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Investment Guidelines</U>&#148; has the meaning set forth in
Section 8.15. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Leverage Policy</U>&#148; has
the meaning set forth in Section 8.14. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Competitive
Business</U>&#148; has the meaning set forth in Section 14.01(a) of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Competitive Third Party</U>&#148; has the meaning set forth in Section 14.01(d) of the Put/Call, Registration Rights and Standstill Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Contracting Member</U>&#148; has the meaning set
forth in Section 8.11(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Covered Person</U>&#148;
means any Member, any Affiliate of a Member or any officers, directors, shareholders, partners, employees, representatives or agents of a Member or their respective Affiliates, or any Representative, or any employee, officer or agent of the Company
or its Affiliates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Critical Decision</U>&#148; means
each Primary Critical Decision and each Other Critical Decision. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Critical Decision Termination Date</U>&#148; means (a) in the case of any Other Critical Decision, the first anniversary of the Closing Date or (b) in the case of any Primary Critical Decision, the first anniversary of the Closing
Date or, if the Critical Decision Termination Date shall be extended with respect to such Primary Critical Decision as provided in Section 8.19(c), the fifteen-month anniversary of the Closing Date. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Crude Oil Purchases</U>&#148; means any purchase of crude oil by the
Company or any of its subsidiaries from Marathon or any Affiliate of Marathon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Current GAAP</U>&#148; means, at any time, GAAP as in effect at such time. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Delinquent Member</U>&#148; has the meaning set forth in Section 14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">11 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Designated Sublease Agreements</U>&#148; means the Ashland Designated Sublease Agreements and
the Marathon Designated Sublease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Designated Sublease Amount</U>&#148; means any obligation of a Member to the Company or a subsidiary of the Company under Section 4.01(c) with respect to a Subleased Property or a Designated Sublease Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Dispute</U>&#148; has the meaning set forth in Section 13.01.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Dispute Notice</U>&#148; has the meaning set forth in
Section 13.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Disputed Capital Contribution
Amount</U>&#148; has the meaning set forth in Section 13.04(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Disputed Indemnification Amount</U>&#148; has the meaning set forth in Section 14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Disputed Monetary Amount</U>&#148; has the meaning set forth in Section 14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Distributable Cash</U>&#148; means, for each Fiscal Quarter, without duplication: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) the Short-Term Investments of the Company and its
subsidiaries on the last day of such Fiscal Quarter, minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) the Ordinary Course Debt of the Company and its subsidiaries on the last day of such Fiscal Quarter, minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) the Tax Distribution Amount to be paid in respect of such Fiscal Quarter, minus </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) funds held on the last day of such Fiscal Quarter for
financing Special Projects or Permitted Capital Projects/Acquisitions, minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(e) if the notional repayment of principal for Special Project Indebtedness or Permitted Capital Project/Acquisition Indebtedness during such Fiscal Quarter calculated using a notional repayment schedule established
and approved by the Board of Managers in accordance with the Company Leverage Policy was more than the amount of actual principal repayments for such Special Project Indebtedness or Permitted Capital </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Project/Acquisition Indebtedness during such Fiscal Quarter, the amount of such excess, plus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) if the amount of the actual principal repayments for Special Project Indebtedness or Permitted Capital
Project/Acquisition Indebtedness during such Fiscal Quarter was more than the notional repayment of principal for such Special Project Indebtedness or Permitted Capital Project/Acquisition Indebtedness during such Fiscal Quarter (calculated in the
manner described in clause (e) above), the amount of such excess, plus or minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) any adjustments or reserves (including any adjustments for minimum cash balance requirements, including cash reserves for accrued or
withheld Taxes not yet due) in the amounts and for the time periods established and approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Distribution Date</U>&#148; has the meaning set forth in Section 5.01(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Distributions Calculation Statement</U>&#148; has the meaning set
forth in Section 5.01(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>EBITDA</U>&#148; means for
any period: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) net income, plus </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) to the extent deducted in computing such net income,
the sum of (i) estimated or actual Federal, state, local and foreign income tax expense, (ii) interest expense, (iii) depreciation, depletion and amortization expense, (iv) non-cash charges resulting from the cumulative effect of changes in
accounting principles, and (v) non cash lower of cost or market inventory or fixed asset writedowns; minus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) to the extent added in computing such net income, (i) any interest income (excluding interest income on accounts receivable related to
marketing programs), (ii) non-cash gains resulting from the cumulative effect of changes in accounting principles and (iii) non-cash lower of cost or market inventory or fixed asset gains; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">all as determined on a consolidated basis (x) in the case of any period ended prior to the
Closing Date, Marathon and its subsidiaries or Ashland and its subsidiaries, as applicable, or (y) in the case of any period ending on or after the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">13 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Closing Date, with respect to the Company and its subsidiaries, in each case in accordance with then Current GAAP. For purposes of this definition,
depreciation, depletion and amortization expense will include any gains (deductions from depreciation, depletion and amortization) or losses (additions to depreciation, depletion and amortization) on asset retirements and excess purchase price
amortization adjustments. For the avoidance of doubt, EBITDA shall not include any revenues or expenses constituting Member-Funded Capital Expenditures or Member-Indemnified Expenditures. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Executive Officers</U>&#148; has the meaning set forth in Section 9.01(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Final Monetary Amount</U>&#148; has the meaning set forth in Section
14.03(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Financed Properties</U>&#148; means each of
the properties listed in Schedule 1.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fiscal
Quarter</U>&#148; means the three-month period ended March 31, June 30, September 30 and December 31 of each Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fiscal Year</U>&#148; has the meaning set forth in Section 6.05. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fuelgas Interest</U>&#148; means the 1% interest in the Company which is owned by Fuelgas. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>GAAP</U>&#148; means United States generally accepted accounting
principles applied on a consistent basis. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Garyville
Propylene Upgrade Project</U>&#148; means the propylene splitter with a capacity of approximately 800 million pounds per year that is being constructed at the Garyville refinery for the production of propylene. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Historical EBITDA</U>&#148; means for any period ending prior to the
Closing Date the sum of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) EBITDA of the
Marathon Business for such period as adjusted for each of the &#147;EBIT Adjustment&#148; items set forth in lines 10-55 of Schedule B-1 and each of the &#147;Depreciation Adjustment&#148; items set forth in lines 133 through 150 of Schedule B-1, in
each case calculated for such period in the same manner that such adjustments were calculated in Schedule B-1, plus </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">14 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) EBITDA of the Ashland Business for such period as adjusted for each of the &#147;EBIT
Adjustment&#148; items set forth in lines 11-56 of Schedule B-2 and each of the &#147;Depreciation Adjustment&#148; items set forth in lines 111-120 of Schedule B-2, in each case calculated for such period in the same manner that such adjustments
were calculated in Schedule B-2; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">all determined on a consolidated basis with
respect to Marathon and its subsidiaries or Ashland and its subsidiaries, as applicable, in accordance with then Current GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Initial GAAP</U>&#148; has the meaning set forth in Section 1.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Initial Term</U>&#148; has the meaning set forth in Section 2.03. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Make-Up Expense</U>&#148; has the meaning set forth in Section
6.02(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Maralube Express Business</U>&#148; has the
meaning set forth in Section 14.03(d)(i) of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Crude Oil Purchase Program</U>&#148; has the meaning set forth in Section 8.12. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Designated Sublease Agreements</U>&#148; shall mean the
Marathon Sublease Agreements attached as Exhibits E-1, E-2 and E-3 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon-Funded Capital Expenditures</U>&#148; has the meaning set forth in Section 4.02(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Material Adverse Effect</U>&#148; has the meaning set forth in the
Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Member-Funded Capital Expenditures</U>&#148; has the meaning set forth in Section 4.02(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Member-Indemnified Expenditures</U>&#148; has the meaning set forth in Section 4.02(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Monetary Dispute</U>&#148; has the meaning set forth in Section
14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Non-Contracting Member</U>&#148; has the
meaning set forth in Section 8.11(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Non-Delinquent Member</U>&#148; has the meaning set forth in Section 14.01. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Non-Terminating Member</U>&#148; has the meaning set forth in the
Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Normal Annual Capital Budget Amount</U>&#148; means, for each Fiscal Year, an amount equal to the sum of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) an amount equal to 130% of the Average Annual DD&amp;A for such Fiscal Year, plus </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) if, with respect to any Fiscal Year, (a) the Average
Adjusted EBITDA for such Fiscal Year less the amount calculated pursuant to clause (i) above for such Fiscal Year exceeds (b) $240 million (such excess, the &#147;<U>Excess EBITDA</U>&#148; for such Fiscal Year), the sum of (1) the lesser of: (x)
10% of the Average Annual DD&amp;A for such Fiscal Year and (y) the Excess EBITDA for such Fiscal Year and (2) 50% of the amount by which the Excess EBITDA for such Fiscal Year exceeds an amount equal to 10% of the Average Annual DD&amp;A for such
Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">An example of the calculation of Adjusted DD&amp;A, Adjusted
EBITDA, Average Annual DD&amp;A, Average Adjusted EBITDA and the Normal Annual Capital Budget Amount is shown in Schedule A. In the event of any inconsistency between such Schedule A and the language of this definition of Normal Annual Capital
Budget Amount, neither shall control over the other. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Offer Notice</U>&#148; has the meaning set forth in Section 10.04(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ordinary Course Debt</U>&#148; means, without duplication, the aggregate outstanding principal amount of all loans and advances under any committed or uncommitted credit facilities (including any commercial
paper borrowings or borrowings under the Revolving Credit Agreement, but excluding trade payables), <U>provided</U> that Ordinary Course Debt shall not include any Permitted Intercompany Debt, any Special Project Indebtedness or any Permitted
Capital Project Indebtedness. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ordinary Course Lease
Expense</U>&#148; means, with respect to any Fiscal Year, the rental or lease expense for such Fiscal Year of assets rented or financed by operating leases (as determined in accordance with Applicable GAAP). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">16 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Original Lease</U>&#148; means the lease or charter underlying a Marathon Designated Sublease
Agreement or an Ashland Designated Sublease Agreement in which Marathon or Ashland, as applicable, is the lessee or charterer. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Other Critical Decision</U>&#148; means each of the Level III decisions set forth in paragraphs 2(c)(iii), (v), (vii), (viii) and (ix) of the
Retail Integration Protocol. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Packaged Motor Oil
Business</U>&#148; has the meaning set forth in Section 14.03(h) of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Percentage Interest</U>&#148; has the meaning set forth in Section 3.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Capital Project/Acquisition Indebtedness</U>&#148; has the meaning set forth in the Company Leverage
Policy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Intercompany Debt</U>&#148; has the
meaning set forth in the Company Leverage Policy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Price Index</U>&#148; means the Consumer Price Index for All Urban Consumers of the United States Department of Labor Bureau of Labor Statistics for all Urban Areas (on the 1982-84 equals 100 standard). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Primary Critical Decision</U>&#148; means each of the Level III
decisions set forth in paragraphs 2(c)(i), (ii), (iv) and (vi) of the Retail Integration Protocol. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Prime Rate</U>&#148; means the rate of interest per annum publicly announced from time to time by Citibank, NA, as its prime rate in effect at
its principal office in New York; each change in the Prime Rate shall be effective on the date such change is publicly announced as being effective. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Private Label Packaged Motor Oil Business</U>&#148; has the meaning set forth in Section 14.03(h) of the Put/Call Registration Rights and
Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Profit and Loss</U>&#148;, as
appropriate, means, for any period, the taxable income or tax loss of the Company and its subsidiaries under Code Section 703(a) and Treasury Regulation Section 1.703-1 for the Fiscal Year, adjusted as follows: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) All items of income, gain, loss or deduction required to
be separately stated pursuant to Code Section 703(a)(1) shall be included; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">17 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Tax exempt income as described in Code Section 705(a)(1)(B) realized by the Company
during such Fiscal Year shall be taken into account as if it were taxable income; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Expenditures of the Company described in Code Section 705(a)(2)(B) for such Fiscal Year, including items treated under Treasury
Regulation Section .704-1(b)(2)(iv)(i) as items described in Code Section 705(a)(2)(B), shall be taken into account as if they were deductible items; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) With respect to any property (other than money) which has been contributed to the capital of the Company, &#147;Profit&#148; and
&#147;Loss&#148; shall be computed in accordance with the provisions of Treasury Regulation Section 1.704-1(b)(2)(iv)(g) by computing depreciation, amortization, income, gain, loss or deduction based upon the fair market value of such property at
the date of contribution. Book depreciation (as that term is used in Treasury Regulation Section 1.704-(b)(2)(iv)(g)(3)) for any asset contributed to the Company that was fully depreciated for federal income tax purposes as of the date of its
contribution shall be based on the applicable recovery period (as determined in Code Section 168(c)) for new assets of the same type; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) With respect to any property of the Company which has been revalued as required or permitted by Treasury Regulations under Code
Section 704(b), &#147;Profit&#148; or &#147;Loss&#148; shall be determined based upon the fair market value of such property as determined in such revaluation; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) With respect to any property of the Company which (i) is distributed in kind to a Member, or (ii) has
been revalued under Section 6.03 upon the occurrence of any event specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), the difference between the adjusted basis for federal income tax purposes and the fair market value shall be treated as
gain or loss upon the disposition of such property. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Qualified Candidate</U>&#148; has the meaning set forth in Section 9.02(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Quick Lube Business</U>&#148; has the meaning set forth in Section 14.03(h) of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Refundable Amount</U>&#148; has the meaning set forth in Section 14.03(d). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Representatives</U>&#148; has the meaning set forth in Section 8.01 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Response</U>&#148; has the meaning set forth in Section 13.02.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Retail Integration Protocol</U>&#148; means the
Speedway SuperAmerica LLC Retail Integration Protocol attached hereto as Exhibit A. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Revolving Credit Agreement</U>&#148; has the meaning set forth in Section 2.2(a) of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Section 8.11(b) Affiliate Transaction</U>&#148; has the meaning set forth in Section 8.11(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Security Interest</U>&#148; has the meaning set forth in Section
14.05(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Selling Member</U>&#148; has the meaning
set forth in Section 10.04(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Senior
Manager</U>&#148; has the meaning set forth in Section 13.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Shared Service</U>&#148; means an administrative service that is provided to the Company or its subsidiaries by Marathon, Ashland or any of their respective Affiliates pursuant to the Shared Services Agreement or provided to
Marathon, Ashland or any of their respective Affiliates by the Company or its subsidiaries pursuant to the Shared Services Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Shared Services Agreement</U>&#148; means the Shared Services Agreement by and among Marathon, Ashland and the Company, including the Schedules
thereto, attached as Exhibit U to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Short-Term Investments</U>&#148; means, without duplication, collected or available bank cash balances, the fair market value of any investment made by the Company or any of its subsidiaries pursuant to the
Company&#146;s Investment Guidelines and the fair market value of any investment made by the Company or any of its subsidiaries that should have been made pursuant to the Company&#146;s Investment Guidelines, but excluding Incidental Cash and any
cash balances that represent uncollected funds. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Significant Shared Service</U>&#148; means (a) any Shared Service related to the Treasury and Cash Management function and (b) any Shared Service (or group of related Shared </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">19 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Services) that results or is reasonably anticipated to result in the payment by or to the Company or any of its subsidiaries of more than $2 million in any
contract year in the period during which such Shared Service will be provided. For purposes of determining whether the $2 million threshold of this definition has been satisfied, payments for all Shared Services in each of the following general
administrative areas shall be aggregated within each area specified below and considered related Shared Services: Human Resources; Health, Environment and Safety; Law; Public Affairs; Governmental Affairs; Finance and Accounting (including Internal
Audit); Administrative Services; Information Technology Services; Procurement; Business Development; Aviation; Engineering and Technology; Economics; and Security. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Sole Arbitrator</U>&#148; has the meaning set forth in Appendix B. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Project</U>&#148; has the meaning set forth in the Company
Leverage Policy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Project
Indebtedness</U>&#148; has the meaning set forth in the Company Leverage Policy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Right</U>&#148; has the meaning set forth in Section 2.01(a) of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Subleased Property</U>&#148; has the meaning set forth in Section 4.01(c). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Super Majority Decision</U>&#148; has the meaning set forth in
Section 8.08. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Surplus Cash</U>&#148; has the meaning
assigned to such term in the Company Leverage Policy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Tax Distribution Amount</U>&#148; has the meaning set forth in Section 5.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax Liability</U>&#148; means, with respect to a Fiscal Year, a Member&#146;s liability for Federal, state, local and foreign taxes attributable
to taxable income allocated to such Member pursuant to Section 6.03 and Section 10.03, taking into account any Tax deduction or loss specifically allocated to a Member pursuant to this Agreement or any other Transaction Document. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Term of the Company</U>&#148; has the meaning set forth in Section
2.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">20 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Terminating Member</U>&#148; has the meaning set forth in Section 2.01(a) of the Put/Call,
Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Unaudited Financial Statements</U>&#148; has the meaning set forth in Section 7.02(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Valvoline Business</U>&#148; has the meaning set forth in Section 14.03(h) of the Put/Call, Registration Rights and Standstill Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.02. <U>Applicable GAAP.</U> In connection with the
calculation pursuant to this Agreement of Adjusted DD&amp;A, Capital Expenditures or Ordinary Course Lease Expenses, the determination of whether a lease is a Capital Lease or the determination of whether the Company has entered into an operating
lease for purposes of Section 8.16 (each such calculation or determination, an &#147;<U>Accounting Determination</U>&#148;), the Company shall apply then Current GAAP; <U>provided</U>, <U>however</U>, that if at any time after January 1, 1998, a
change shall occur in GAAP which would result in any Accounting Determination being different under Current GAAP than such Accounting Determination would have been under GAAP as in effect on January 1, 1998 (&#147;<U>Initial GAAP</U>&#148;), then
(a) the Members shall negotiate in good faith to make such amendments to the relevant provisions of this Agreement as shall be required to preserve the economic and other results intended by the Members as of January 1, 1998 with respect to such
Accounting Determination and (b) unless and until such time as the Members shall in good faith mutually agree to such amendments, Initial GAAP shall be applied to make such Accounting Determination or, if the Members shall have previously amended
the relevant provisions of this Agreement pursuant to this Section 1.02 in response to a prior change in GAAP, then GAAP as in effect at the time the most recent such previous amendment was made shall be used to make such Accounting Determination
(the GAAP that is actually applied by the Company in making any such Accounting Determination pursuant to this Agreement being the &#147;<U>Applicable GAAP</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE II </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>General Provisions </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.01. <U>Formation; Effectiveness.</U> The Company has been formed as a limited liability company pursuant to the provisions of the Delaware Act
by the filing of the Certificate of Formation with the Secretary of State of the State of Delaware. Pursuant to Section 18-201(d) of the Delaware Act, the provisions of this Agreement shall be </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">21 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">effective as of the Closing Date. Each Member hereby adopts, confirms and ratifies the Certificate of Formation and all acts taken in connection therewith.
Ashland shall be admitted as a member of the Company upon its execution and delivery of this Agreement. Except as provided in this Agreement, the rights, duties, liabilities and powers of the Members shall be as provided in the Delaware Act.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.02. <U>Name.</U> The name of the Company shall be
Marathon Ashland Petroleum LLC. The Board of Managers may adopt such trade or fictitious names as it may determine. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.03. <U>Term.</U> Subject to the provisions of Article XV providing for early termination in certain circumstances and the provisions of Article
IX of the Put/Call, Registration Rights and Standstill Agreement, the initial term of the Company (the &#147;<U>Initial Term</U>&#148;) began on the date the Certificate of Formation was filed with the Secretary of State of the State of Delaware,
and shall continue until the close of business on December 31, 2022 and, thereafter, the term of the Company shall be automatically extended for successive 10-year periods unless at least two years prior to the end of the Initial Term or any
succeeding 10-year period, as applicable, a Member notifies the Board of Managers and the other Member in writing that it wants to terminate the term of the Company at the end of the Initial Term or such 10-year period, in which event, the term of
the Company shall not thereafter be extended for a successive ten-year term. The President of the Company shall notify each Member in writing at least six months prior to each such two-year notification date that the Term of the Company will be
automatically extended unless a Member provides a notice to the contrary pursuant to this Section 2.03. The failure of the President of the Company to give such notice, or any defect in any notice so given, shall not affect the Members&#146; rights
to terminate the Term of the Company pursuant to this Section 2.03, and shall not result in a termination of the Term of the Company unless a Member provides a notice to the contrary pursuant to this Section 2.03. The Initial Term, together with any
such extensions, is hereinafter referred to as the &#147;<U>Term of the Company</U>&#148;. The existence of the Company as a separate legal entity shall continue until the cancelation of the Certificate of Formation in the manner provided in the
Delaware Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.04. <U>Registered Agent and
Office.</U> The name of the registered agent of the Company for service of process on the Company in the State of Delaware is The Corporation Trust Company, and the address of the registered </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">22 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">agent and the address of the office of the Company in the State of Delaware is c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, Delaware
19801. The Board of Managers may change such office and such agent from time to time in its sole discretion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.05. <U>Purpose.</U> (a) The purpose of the Company is to engage in any lawful act or activity for which a limited liability company may be
formed under the Delaware Act (either directly or indirectly through one or more subsidiaries). It is the Members&#146; understanding and intent that (i) the Company will be an independent, self-funding entity, (ii) no additional capital
contributions are expected to be required by the Members and (iii) the administrative requirements of the Company will generally be provided by the Company&#146;s own employees. In furtherance of this understanding and intent, and without limiting
the generality of the foregoing, unless the Members shall mutually agree otherwise, the following administrative functions and services shall be provided substantially by the Company and its subsidiaries&#146; employees (or by its unaffiliated third
party contractors) under the supervision and control of the Company&#146;s officers: Human Resources; Health, Environment and Safety; Law; Finance and Accounting; Internal Audit; Treasury and Cash Management; and Information Technology. For the
avoidance of doubt, the Members acknowledge and agree that the provision at any time of the specific Shared Services identified and described in Schedule 10.2(e) to the Marathon Asset Transfer and Contribution Agreement Disclosure Letter and
Schedule 10.2(e) to the Ashland Asset Transfer and Contribution Agreement Disclosure Letter to the Company and its subsidiaries by the Members shall not be deemed to violate the requirements of the immediately preceding sentence. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company, and the President on behalf of the Company, may enter into
and perform the Transaction Documents and the Commercial Documents to which the Company is a party without any further act, vote or approval of the Board of Managers or the Members notwithstanding any other provision of this Agreement, the Delaware
Act or other Applicable Law. The President of the Company is hereby authorized to enter into such Transaction Documents and such Commercial Documents on behalf of the Company, but such authorization shall not be deemed a restriction on the power of
the Board of Managers to enter into other agreements on behalf of the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 2.06. <U>Powers.</U> In furtherance of its purposes, but subject to all the provisions of this </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">23 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Agreement, the Company shall have the power and is hereby authorized to: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) acquire by purchase, lease, contribution of property or otherwise, own, operate, hold, sell, convey,
transfer or dispose of any real or personal property which may be necessary, convenient or incidental to the accomplishment of the purpose of the Company; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) act as a trustee, executor, nominee, bailee, director, officer, agent or in some other fiduciary capacity for any person or entity and
to exercise all the powers, duties, rights and responsibilities associated therewith; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) take any and all actions necessary, convenient or appropriate as trustee, executor, nominee, bailee, director, officer, agent or other
fiduciary, including the granting or approval of waivers, consents or amendments of rights or powers relating thereto and the execution of appropriate documents to evidence such waivers, consents or amendments; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) borrow money and issue evidences of indebtedness in
furtherance of any or all of the purposes of the Company, and secure the same by mortgage, pledge or other lien on the assets of the Company; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) invest any funds of the Company pending distribution or payment of the same pursuant to the provisions of this Agreement; </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) prepay in whole or in part, refinance, recast,
increase, modify or extend any Indebtedness of the Company and, in connection therewith, execute any extensions, renewals or modifications of any mortgage or security agreement securing such Indebtedness; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) enter into, perform and carry out contracts of any kind,
including, without limitation, contracts with any person or entity affiliated with any of the Members, necessary to, in connection with, convenient to, or incidental to the accomplishment of the purposes of the Company; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(h) employ or otherwise engage employees, managers,
contractors, advisors, attorneys and consultants and pay reasonable compensation for such services; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">24 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) enter into partnerships, limited liability companies, trusts, associations,
corporations or other ventures with other persons or entities in furtherance of the purposes of the Company; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(j) do such other things and engage in such other activities related to the foregoing as may be necessary, convenient or incidental to the
conduct of the business of the Company, and have and exercise all of the powers and rights conferred upon limited liability companies formed pursuant to the Delaware Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE III </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Members </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.01. <U>Members; Percentage Interests.</U> The names and addresses of the Members and their respective percentage interests in the Company
(&#147;<U>Percentage Interests</U>&#148;) are as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="89%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Members</B></FONT></P><HR WIDTH="48" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Percentage<BR>Interests</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Oil Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">62%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">5555 San Felipe</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">P.O. Box 3128</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Houston, TX 77056-2723</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">38%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">50 East RiverCenter Boulevard</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">P.O. Box 391</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Covington, KY 41012-0391</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Marathon&#146;s Percentage Interest
shall be deemed to include the Fuelgas Interest. Promptly after the Closing, Marathon will cause Fuelgas to merge with and into Marathon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.02. <U>Adjustments in Percentage Interests.</U> Marathon&#146;s and Ashland&#146;s Percentage Interests, and the Percentage Interests of each
other Member, if any, shall be adjusted (a) at the time of any Transfer of such Member&#146;s Membership Interests pursuant to Section 10.02 and (b) at the time of the admission of each new Member pursuant to such terms and conditions as the Board
of Managers from time to time shall determine pursuant to a vote in accordance with Section 8.07(b), in each case to take into account such Transfer or admission of a new Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">25 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IV </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Capital Contributions; Assumption of Assumed Liabilities </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.01. <U>Contributions.</U> (a) On or before the Closing Date, Marathon shall contribute, convey, transfer, assign and deliver to the Company or
shall have contributed, conveyed, transferred, assigned and delivered to the Company, the Marathon Transferred Assets, and Ashland shall contribute, convey, transfer, assign and deliver to the Company or shall have contributed, conveyed,
transferred, assigned and delivered to the Company, the Ashland Transferred Assets, in each case pursuant to terms and conditions of the Asset Transfer and Contribution Agreement. In addition, any additional assets that Marathon or Ashland are
required to contribute, convey, transfer, assign and deliver to the Company at a later date pursuant to the terms and conditions of the Asset Transfer and Contribution Agreement shall be so contributed at such later date. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company shall assume, as of the Closing Date, the Assumed Liabilities
pursuant to the terms of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(c) <U>Payments or Damages under Designated Sublease Agreements as Contributions.</U> (i) Each Member has agreed, pursuant to the Designated Sublease Agreements to which it is a party, to sublease to the Company or one of its subsidiaries
the assets or property listed on Schedule 4.01(c) (&#147;<U>Subleased Property</U>&#148;) for a nominal consideration in lieu of transferring such property to the Company or such subsidiary, free of any Liens, other than Permitted Encumbrances, as a
capital contribution. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) If at any time
after January 1, 1998 a Member in its capacity as a sublessor shall become the owner of any Subleased Property, such Member shall promptly contribute, convey, transfer, assign and deliver to the Company (or, if the Company so directs, to one of its
subsidiaries) at no cost to the Company or such subsidiary, and the Company hereby agrees to accept, or to cause such subsidiary to accept, such Subleased Property and the related Designated Sublease Agreement shall be terminated with respect to
such Subleased Property, all as more specifically set forth in such Designated Sublease Agreement. In addition, if at any time after January 1, 1998 a Member assigns to the Company (or a subsidiary of the Company) a purchase option with respect to a
Subleased Property pursuant to a Designated Sublease Agreement and the Company or such </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">26 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">subsidiary exercises such purchase option and pays all or a portion of the purchase price therefor, such Member shall promptly reimburse the Company or such
subsidiary such amount so paid and, if not so reimbursed, such amount shall be subject to set-off pursuant to Section 14.04. Any such payment by the Company shall be treated as a distribution to the appropriate Member for capital account purposes,
and any such amount paid to the Company or such subsidiary by a Member in connection with such reimbursement obligation, or to the extent of a set-off applied pursuant to Section 14.04 as a result of such failure to so reimburse, shall be treated as
a capital contribution to the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B)
Any amount paid by the Company or any of its subsidiaries under a Designated Sublease Agreement to cure or prevent a payment default by the sublessor Member under the underlying Original Lease shall be reimbursed to the Company or such subsidiary by
such Member, and if not so reimbursed, shall be subject to set-off pursuant to Section 14.04. Any such payment by the Company shall be treated as a distribution to the appropriate Member for capital account purposes, and any such amount paid to the
Company or such subsidiary by a Member in connection with a default of its payment obligations under its respective Designated Sublease Agreements, or to the extent of a set-off applied pursuant to Section 14.04 as a result of such default, shall be
treated as a capital contribution to the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(C) None of the capital contributions pursuant to (A) and (B) above shall result in any adjustment to the Members&#146; respective Percentage Interests in the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) If (A) a Member commences a voluntary case under any applicable bankruptcy, insolvency, liquidation,
receivership, reorganization or other similar law now in effect, or an order for relief is entered against such Member in an involuntary case under any such law and (B) a trustee of such Member rejects a Designated Sublease Agreement of such Member,
then (1) the Member shall be obligated to reimburse the Company for the Loss to the Company as a result of such rejected Designated Sublease Agreement, which Loss, if not so reimbursed, shall be subject to set-off pursuant to Section 14.04 prior to
the interest of such Member in any distributions hereunder and (2) the amount of such Loss shall be deemed to be the loss of use of such </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">27 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Subleased Property for the economic life thereof rather than any other period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.02. <U>Additional Contributions.</U> (a) <U>Member-Funded Capital Expenditures.</U> For each Capital Expenditure
project identified on Schedule 4.02(a)-1, Marathon shall contribute to the Company the amount of funds necessary to comply with its obligations under Section 7.1(j) of the Asset Transfer and Contribution Agreement with respect to such Capital
Expenditure project as, when and if the Company actually incurs Capital Expenditures related to such Capital Expenditure project (such Capital Expenditures, as, when and if they are funded by Marathon, are referred to herein as the
&#147;<U>Marathon-Funded Capital Expenditures</U>&#148;). For each Capital Expenditure project identified on Schedule 4.02(a)-2, Ashland shall contribute to the Company the amount of funds necessary to comply with its obligations under Section
7.2(k) of the Asset Transfer and Contribution Agreement with respect to such Capital Expenditure project as, when and if the Company actually incurs Capital Expenditures related to such Capital Expenditure project (such Capital Expenditures, as,
when and if they are funded by Ashland, are referred to herein as the &#147;<U>Ashland-Funded Capital Expenditures</U>&#148;, and together with the Marathon-Funded Capital Expenditures, the &#147;<U>Member-Funded Capital Expenditures</U>&#148;).
Each Member-Funded Capital Expenditure shall be treated as a capital contribution to the Company, but shall not result in any adjustment to the Members&#146; respective Percentage Interests in the Company. To the extent permitted by applicable Tax
law, any Tax deduction by the Company of a Member-Funded Capital Expenditure shall be specially allocated so that each Member will have the Tax benefit of its Member-Funded Capital Expenditures. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Indemnification Payments as Contributions.</U> Any indemnity amount
paid by Marathon or Ashland to the Company under Article IX of the Asset Transfer and Contribution Agreement (each a &#147;<U>Member-Indemnified Expenditure</U>&#148;) shall be treated as a capital contribution to the Company, but shall not result
in any adjustment to the Members&#146; respective Percentage Interests in the Company. A determination of whether the associated Loss will be deducted or capitalized by the Company for Tax purposes shall be made by the Company at the direction of
the Indemnifying Party. Any Tax deduction or loss claimed by the Company with respect to the indemnified amount shall be specially allocated to the Indemnifying Party. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Other Additional Capital Contributions.</U> The Members shall make other additional capital contributions </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">28 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">(&#147;<U>Agreed Additional Capital Contributions</U>&#148;) <U>pro</U> <U>rata</U> based on their respective Percentage Interests if and to the extent such
capital contributions are approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>No Third-Party Beneficiaries.</U> The provisions of this Agreement, including without limitation, this Section 4.02, are intended solely to benefit
the Members and, to the fullest extent permitted by Applicable Law, shall not be construed as conferring any benefit upon any creditor of the Company other than the Members, and no such creditor of the Company other than the Members shall be a
third-party beneficiary of this Agreement, and no Member or member of the Board of Managers shall have any duty or obligation to any creditor of the Company to issue any call for capital pursuant to this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.03. <U>Negative Balances; Withdrawal of Capital; Interest.</U>
Neither of the Members shall have any obligation to the Company or to the other Member to restore any negative balance in its Capital Account. Neither Member may withdraw capital or receive any distributions from the Company except as specifically
provided herein. No interest shall be paid by the Company on any capital contributions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">ARTICLE V </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Distributions
</U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.01. <U>Distributions.</U> (a) Within 45 days
after the end of each Fiscal Quarter during each Fiscal Year, the Company shall distribute to the Members (the date of such distribution being a &#147;<U>Distribution Date</U>&#148;) an amount in cash (the &#147;<U>Tax Distribution Amount</U>&#148;)
determined as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) The maximum Tax
Liability of each Member with respect to its allocable portion (as provided in Section 6.03) of the Company&#146;s estimated taxable income for the portion of such Fiscal Year ending on the last day of such Fiscal Quarter shall be determined, based
upon the highest aggregate marginal statutory Federal, state and local income tax rate (determined taking into account the deductibility, to the extent allowed, of income-based taxes paid to governmental entities) to which any Member may be subject
for the related Fiscal Year (and excluding any deferred taxes) (the &#147;<U>Aggregate Tax Rate</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">29 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) If the Tax Liability determined in clause (i) is positive with respect to either
Member, there shall be a cash distribution to each of the Members, in accordance with their Percentage Interests, of an aggregate amount such that neither Member shall have received distributions under this clause and subsection (b) below for such
portion of such Fiscal Year in an amount less than its Tax Liability for such portion of such Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Following a determination by the Company of the Company&#146;s actual net taxable income with respect to a Fiscal Year, the maximum
Tax Liability of each Member with respect to its allocable portion (as provided in Section 6.03) of the Company&#146;s net taxable income for such Fiscal Year shall be determined, based upon the Aggregate Tax Rate. If the maximum Tax Liability of
any Member for the Fiscal Year is in excess of the cash distributions previously made to the Member for such Fiscal Year under clause (ii) above and subsection (b) below, the Company shall make a cash distribution to all the Members, in accordance
with their Percentage Interests, of an aggregate amount such that the excess is eliminated for all the Members. Such distribution shall be made within 45 days of the date the Company&#146;s actual net taxable income is determined. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) In the event that the Company Independent Auditors
determine pursuant to Section 7.02(d) that the Company&#146;s actual net taxable income with respect to a Fiscal Year is greater than the amount determined by the Company pursuant to clause (iii) above, the Company shall make a determination of the
amount of cash, if any, required to be distributed to the Members, in accordance with their Percentage Interests, such that, after taking into account cash distributions previously made to a Member under clauses (ii) and (iii) above and subsection
(b) below, no Member shall receive less than its Tax Liability for such Fiscal Year based on such higher net taxable income amount. The Company shall, within 15 days after the determination is made, distribute such additional amount of cash to the
Members, in accordance with their Percentage Interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(v) In the event that the Company Independent Auditors determine pursuant to Section 7.02(d) that the Company&#146;s actual net taxable income with respect to a Fiscal Year is less than the amount determined by the
Company pursuant to clause (iii) above, a determination shall be made of the excess Tax Distribution Amount that was distributed to the Members in respect of such </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">30 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Fiscal Year based on the Company&#146;s determination of its actual net taxable income and the Company shall deduct from the next Tax Distribution Amount
payable to the Members pursuant to this Section 5.01, the amount of such excess distribution. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) In addition to the distributions pursuant to Section 5.01(a), on each Distribution Date, the Company shall distribute to the Members all Distributable Cash for the Fiscal Quarter to which such Distribution Date
relates <U>provided</U>, <U>however</U>, that the distribution of (i) Distributable Cash pursuant to this paragraph 5.01(b) or (ii) cash pursuant to Section 5.01(a) above, in each case with respect to any Fiscal Quarter may be made in such other
manner and in such other amount as the Members shall agree with respect to such Fiscal Quarter; provided, further, however, that any agreement by any Member with respect to the distribution of either Distributable Cash pursuant to this paragraph
5.01(b) or cash pursuant to Section 5.01(a) for any Fiscal Quarter pursuant to the preceding proviso shall not alter or waive any of the rights of either Member under this Agreement with respect to distributions of Distributable Cash pursuant to
this paragraph 5.01(b) or cash pursuant to Section 5.01(a) with respect to any subsequent Fiscal Quarter. Subject to Section 5.02(b), each such distribution shall be allocated between the Members <U>pro</U> <U>rata</U> based upon their respective
Percentage Interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The Company shall prepare and
distribute to each Member within 45 days after the end of each Fiscal Quarter a statement (a &#147;<U>Distributions Calculation Statement</U>&#148;) setting forth the calculations (in reasonable detail) used by the Company for purposes of
distributions pursuant to this Section 5.01 of (i) the Tax Distribution Amount for each Member for such Fiscal Quarter, (ii) the amount of Distributable Cash for such Fiscal Quarter and (iii) the allocation of such Distributable Cash between the
Members. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Notwithstanding anything to the contrary in this
Agreement, any agreement reached between the Members to distribute any amount of cash different from the amounts which would be calculated in accordance with the methodology set forth in Section 5.01(a) and Section 5.01(b) above shall not alter or
waive in any manner the obligations of the Company to prepare and deliver the Distributions Calculation Statement as set forth in Section 5.01(c) above, and after any such agreement has been reached the Company shall continue to prepare and deliver
such Distribution Calculation Statement with respect to each Fiscal Quarter as if no such agreement had been reached. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">31 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.02. <U>Certain General Limitations.</U> (a) Notwithstanding any provision to the contrary
contained in this Agreement, the Company, and the Board of Managers on behalf of the Company, shall not be required to make a distribution to either Member with respect to such Member&#146;s Membership Interests if such distribution would violate
Section 18-607 of the Delaware Act or other applicable law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(b) Notwithstanding any other provision of this Article V, all amounts distributed to the Members in connection with a dissolution of the Company or the sale or other disposition of all or substantially all the assets of the Company that
results in a dissolution of the Company shall be distributed to the Members in accordance with their respective Capital Account balances, as adjusted pursuant to Article VI for all Company operations up to and including the date of such
distribution. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.03. <U>Distributions in Kind.</U> The
Company shall not distribute to the Members any assets in kind unless approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b). If cash and property in kind are to be distributed simultaneously, the Company shall
distribute such cash and property in kind in the same proportion to each Member, unless otherwise approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b). For purposes of determining amounts distributable to Members
under Section 5.01, for purposes of determining Profit and Loss under Section 1.01, for purposes of making adjustments to Capital Accounts under Article VI and for purposes of allocations under Article VI, any property to be distributed in kind
shall have the value assigned to such property by the Board of Managers pursuant to a vote in accordance with Section 8.07(b) and such value shall be deemed to be part of and included in Distributable Cash for purposes of determining distributions
to the Members under this Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.04.
<U>Distributions in the Event of an Exercise of the Marathon Call Right, Ashland Put Right or the Special Termination Rights.</U> In the event of an exercise by Marathon of its Marathon Call Right or its Special Termination Right or the exercise by
Ashland of its Ashland Put Right or its Special Termination Right pursuant to the Put/Call, Registration Rights and Standstill Agreement, certain distributions to Ashland or Marathon, as applicable, will be suspended in accordance with the
provisions of Section 5.01 thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">32 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VI </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Allocations and Other Tax Matters </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.01. <U>Maintenance of Capital Accounts</U>. An account (a &#147;<U>Capital Account</U>&#148;) shall be established and maintained in the
Company&#146;s books for each Member in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv) and to which the following provisions apply to the extent not inconsistent with such Regulation: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) There shall be credited to each Member&#146;s Capital Account (i) the
amount of money contributed by such Member to the Company (including liabilities of the Company assumed by such Member as provided in Treasury Regulation Section 1.704-1(b)(2)(iv)(c)), (ii) the fair market value of any property contributed by the
Member to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752), and (iii) such Member&#146;s share of the Company&#146;s Profit; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) There shall be debited from each Member&#146;s Capital Account (i) the
amount of money distributed to such Member by the Company (including liabilities of such Member assumed by the Company as provided in Treasury Regulation Section 1.704-1(b)(2)(iv)(c)) other than amounts which are in repayment of debt obligations of
the Company to such Member, (ii) the fair market value of property distributed to such Member (net of liabilities secured by such property that such Member is considered to assume or take subject to under Code Section 752), and (iii) such
Member&#146;s share of the Company&#146;s Loss; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) To each
Member&#146;s Capital Account there shall be credited, in the case of an increase, or debited, in the case of a decrease, such Member&#146;s share of any adjustment to the adjusted basis of Company assets pursuant to Code Section 734(b) or Code
Section 743(b) to the extent provided by Treasury Regulation Section 1.704-(b)(2)(iv)(m); and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(d) Upon the transfer of all or any part of the Membership Interests of a Member, the Capital Account of the transferee Member shall include the portion of the Capital Account of the transferor Member attributable to
such transferred Membership Interest (or portion thereof). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 6.02. <U>Allocations.</U> (a) Except as provided in Section 6.02(b), 6.02(c), 6.02(d) and 6.02(e), Profit or Loss for any Fiscal Year shall be allocated </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">33 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">between the Members in proportion to their respective Percentage Interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) To the extent any Tax deduction or loss is specifically allocated to a Member pursuant to this Agreement (other than
pursuant to Section 6.03) or any other Transaction Document, including any deduction or loss indemnified by a Member, any Member-Funded Capital Expenditure, any Member-Indemnified Expenditure and any special allocations pursuant to Sections 6.12,
6.13, 6.14, 6.15 and 6.16 the associated Profit and Loss shall be allocated to the same Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Depreciation and amortization with respect to any asset contributed by a Member to the Company shall be allocated solely to such Member. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) If any asset contributed by a Member is sold or otherwise disposed of
prior to the time such asset has been completely depreciated or amortized for Federal income tax purposes, the Member contributing such property shall be allocated an expense (&#147;Make-Up Expense&#148;) equal to (i) the remaining tax basis of the
asset at the time of the sale or other disposition, multiplied by (ii) the other Member&#146;s Percentage Interest at the time of such sale or other disposition. The contributing Member shall be allocated Make-Up Expense over the remaining tax life
of the asset at the time of sale or other disposition at the same rate as depreciation or amortization would have been allocated to such Member if the sale or other disposition had not occurred. Make-Up Expense allocated to a Member shall be taken
from and reduce the amount of expenses allocated to the other Member. The purpose for this provision is to allocate to a Member, with respect to depreciable or amortizable assets contributed by such Member, a total amount of deductions and cost
recovery allowances equal to 100% of the basis of such assets at the time of contribution. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(e) In the event that the Company sells or otherwise disposes of all or substantially all its assets or engages in any other transaction that will lead to a liquidation of the Company, then, notwithstanding the
foregoing provisions of this Section 6.02, (i) any Profit or Loss realized by the Company in such transaction and (ii), to the extent necessary, any other Profit or Loss in the Fiscal Year such transaction occurs or thereafter (and, in each case, to
the extent necessary, constituent items of income, gain, loss, deduction and credit) shall be specially allocated as between the Members as required so as to cause </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">34 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">in so far as possible each Member&#146;s Capital Account balance to be proportionate to its Percentage Interest. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.03. <U>Tax Allocations.</U> (a) For income tax purposes only, each
item of income, gain, loss, deduction and credit of the Company as determined for income tax purposes shall be allocated between the Members in accordance with the corresponding allocation in Section 6.02, subject to the requirements of Section
704(c) of the Code. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Members acknowledge and agree that
Section 704(c) shall be applied using the so-called &#147;traditional method with curative allocations&#148; set forth in Treasury Regulation Section 1.704-3(c). Curative allocations of income, gain, loss or deduction shall, to the extent possible,
have substantially the same effect on each Member&#146;s Federal income tax liability as the item of income, gain, loss or deduction for which allocation is limited. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) By reason of the special allocation of book depreciation and amortization with respect to the assets contributed by the
Members pursuant to Section 6.02(c), tax depreciation and amortization with respect to each such asset shall be allocated solely to the contributing Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Items described in this Section 6.03 shall neither be credited nor charged to the Members&#146; Capital Accounts. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.04. <U>Tax Elections.</U> (a) The Members intend that the Company
be treated as a partnership for Federal income tax purposes. Accordingly, neither the Tax Matters Partner nor either Member shall file any election or return on its own behalf or on behalf of the Company that is inconsistent with that intent.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Any elections or other decisions relating to tax matters
that are not expressly provided for herein, including the determination of the fair market value of contributed property and the decision to adjust the Capital Accounts to reflect the fair market value of the Company&#146;s assets upon the
occurrence of any event specified in Treasury Regulation Section 1.704-1(b)(2)(iv)(f), shall be made jointly by the Members in any manner that reasonably reflects the purpose and intention of this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.05. <U>Fiscal Year.</U> The fiscal year (the &#147;<U>Fiscal
Year</U>&#148;) of the Company for tax and accounting purposes shall be the 12-month (or shorter) period ending on the last day of December of each year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">35 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.06. <U>Tax Returns.</U> (a) The Company shall cause to be prepared and timely filed all
Federal, state, local and foreign income tax returns and reports required to be filed by the Company and its subsidiaries. The Company shall provide copies of all the Company&#146;s Federal, state, local and foreign tax returns (and any schedules or
other required filings related to such returns) that reflect items of income, gain, deduction, loss or credit that flow to separate Member returns, to the Members for their review and comment prior to filing, except as otherwise agreed by the
Members. The Members agree in good faith to resolve any difference in the tax treatment of any item affecting such returns and schedules. However, if the Members are unable to resolve the dispute, the position of the Tax Matters Partner shall be
followed if nationally recognized tax counsel acceptable to both Members provides an opinion that substantial authority exists for such position. Substantial authority shall be given the meaning ascribed to it in Code Section 6662. If the Members
are unable to resolve the dispute prior to the due date for filing the return, including approved extensions, the position of the Tax Matters Partner shall be followed, and amended returns shall be filed if necessary at such time the dispute is
resolved. The costs of the dispute shall be borne by the Company. The Members agree to file their separate Federal income tax returns in a manner consistent with the Company&#146;s return, the provisions of this Agreement and in accordance with
applicable Federal income tax law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company shall elect
the most rapid method of depreciation and amortization allowed under Applicable Law, unless the Members agree otherwise. The failure of either Member to agree that the Company should elect a less rapid method of depreciation or amortization is not
subject to any dispute resolution provisions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The Members
shall provide each other with copies of all correspondence or summaries of other communications with the Internal Revenue Service or any state, local or foreign taxing authority (other than routine correspondence and communications) regarding the
tax treatment of the Company&#146;s operations. No Member shall enter into settlement negotiations with the Internal Revenue Service or any state, local or foreign taxing authority with respect to any issue concerning the Company&#146;s income,
gains, losses, deductions or credits if the tax adjustment attributable to such issue (assuming the then current Aggregate Tax Rate) would be $2 million or greater, without first giving reasonable advance notice of such intended action to the other
Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">36 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.07. <U>Tax Matters Partner.</U> (a) Initially, Marathon shall be the &#147;Tax Matters
Partner&#148; of the Company within the meaning of Section 6231(a)(7) of the Code, and shall act in any similar capacity under state, local or foreign law, but only with respect to returns for which items of income, gain, loss, deduction or credit
flow to the separate returns of the Members. In the event of a transfer of any Member&#146;s interest in the Company, the Tax Matters Partner shall be the Member with the largest Percentage Interest following such transfer. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Tax Matters Partner shall incur no liability (except as a result of
the gross negligence or willful misconduct of the Tax Matters Partner) to the other Member including, but not limited to, liability for any additional taxes, interest or penalties owed by the other Member due to adjustments of Company items of
income, gain, loss, deduction or credit at the Company level. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 6.08. <U>Duties of Tax Matters Partner.</U> (a) Except as provided in Section 6.08(b), the Tax Matters Partner shall cooperate with the other Member and shall promptly provide the other Member with copies of notices or other
materials from, and inform the other Member of discussions engaged in with, the Internal Revenue Service or any state, local or foreign taxing authority and shall provide the other Member with notice of all scheduled administrative proceedings,
including meetings with agents of the Internal Revenue Service or any state, local or foreign taxing authority, technical advice conferences, appellate hearings, and similar conferences and hearings, as soon as possible after receiving notice of the
scheduling of such proceedings, but in any case prior to the date of such scheduled proceedings. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The duties of the Tax Matters Partner under Section 6.08(a) shall not apply with respect to notices, materials, discussions, proceedings, meetings,
conferences, or hearings involving any issue concerning the Company&#146;s income, gains, losses, deductions or credits if the tax adjustment attributable to such issue (assuming the then current Aggregate Tax Rate) would be less than $2 million
except as otherwise required under Applicable Law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The Tax
Matters Partner shall not extend the period of limitations or assessments without the consent of the other Member, which consent shall not be unreasonably withheld. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) The Tax Matters Partner shall not file a petition or complaint in any court, or file any claim, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">amended return or request for an administrative adjustment with respect to partnership items, after any return has been filed, with respect to any issue
concerning the Company&#146;s income, gains, losses, deductions or credits if the tax adjustment attributable to such issue (assuming the then current Aggregate Tax Rate) would be $2 million or greater, unless agreed by the other Member. If the
other Member does not agree, the position of the Tax Matters Partner shall be followed if nationally recognized tax counsel acceptable to both Members issues an opinion that a reasonable basis exists for such position. Reasonable basis shall be
given the meaning ascribed to it for purposes of applying Code Section 6662. The costs of the dispute shall be borne by the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) The Tax Matters Partner shall not enter into any settlement agreement with the Internal Revenue Service or any state, local or foreign taxing
authority, either before or after any audit of the applicable return is completed, with respect to any issue concerning the Company&#146;s income, gains, losses, deductions or credits, unless any of the following apply: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) both Members agree to the settlement; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the tax effect of the issue if resolved adversely would
be, and the tax effect of settling the issue is, proportionately the same for both Members (assuming each otherwise has substantial taxable income); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) the Tax Matters Partner determines that the settlement of the issue is fair to both Members and the amount of the tax adjustment
attributable to such issue (assuming the then current Aggregate Tax Rate) would be less than $2 million; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) nationally recognized tax counsel acceptable to both Members determines that the settlement is fair to both Members and is one it
would recommend to the Company if both Members were owned by the same person and each had substantial taxable income. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In all events, the costs incurred by the Tax Matters Partner in performing its duties hereunder shall be borne by the Company in accordance with the Shared Services
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) The Tax Matters Partner may request extensions
to file any tax return or statement without the written consent of, but shall so inform, the other Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">38 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.09. <U>Survival of Provisions.</U> The provisions of this Agreement regarding the
Company&#146;s tax returns and Tax Matters Partner shall survive the termination of the Company and the transfer of any Member&#146;s interest in the Company and shall remain in effect for the period of time necessary to resolve any and all matters
regarding the federal, state, local and foreign taxation of the Company and items of Company income, gain, loss, deduction and credit. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.10. <U>Section 754 Election.</U> In the event that a Member purchases the Membership Interests of a Selling Member pursuant to Section 10.04,
the purchasing Member shall have the right to direct the Tax Matters Partner to make an election under Section 754 of the Code. The purchasing Member shall pay all costs incurred by the Company in connection with such election, including any costs
borne by the Company to maintain records required as a result of such election. The purchasing Member, at its option and expense, may maintain on behalf of the Company any records required as a result of such election. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.11. <U>Qualified Income Offset, Minimum Gain Chargeback.</U>
Notwithstanding anything to the contrary in this Agreement, there is hereby incorporated a qualified income offset provision which complies with Treasury Regulation Section&nbsp;1.704-1(b)(2)(ii)(d) and minimum gain chargeback and partner minimum
gain chargeback provisions which comply with the requirements of Treasury Regulation Section 1.704-2 and such provisions shall apply to the allocation of Profits and Losses. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.12. <U>Tax Treatment of Designated Sublease Agreements.</U> (a) For purposes of Article VI, Ashland or Marathon,
as the case may be, shall be treated as transferring to the Company all of its interest in Subleased Property pursuant to an Ashland Designated Sublease Agreement or a Marathon Designated Sublease Agreement, as if the leasehold interest in such
Subleased Property was an Ashland Transferred Asset or a Marathon Transferred Asset. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) Payments under the Original Lease made by Ashland or Marathon, as the case may be, after the effective date of the Ashland Designated Sublease Agreement or Marathon Designated Sublease Agreement, as the case may
be, shall be treated as made by the Company or its subsidiaries, and then immediately reimbursed by Ashland or Marathon, as the case may be. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) All items of loss, deduction and credit attributable to payments under the Original Lease made by </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">39 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Ashland or Marathon, as the case may be, including payments by the Company or any of its subsidiaries that are charged to Ashland or Marathon by set-off or
other means, shall be allocated entirely to the Member incurring such payments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(d) Depreciation and amortization deductions, if any, as well as any deductions or offsets to taxable income or gain, attributable to property described in the Ashland Designated Sublease Agreements or the Marathon
Designated Sublease Agreements, as the case may be, shall be allocated entirely to Ashland or Marathon, as the case may be, except to the extent such deductions or offsets are attributable to amounts paid by the Company or any of its subsidiaries
and not reimbursed by Ashland or Marathon, as the case may be, either directly or indirectly. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 6.13. <U>Tax Treatment of Reimbursed Liability Payments.</U> Any tax deduction or loss attributable to payments by the Company or any of its subsidiaries of Assumed Liabilities, as described in Schedules
2.3(d) and 3.3(d) to the Asset Transfer and Contribution Agreement, that are reimbursed by a Member either directly or indirectly, shall be allocated entirely to such Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.14. <U>Tax Treatment of Disproportionate Payments.</U> Except as otherwise provided in this Agreement or in any
other Transaction Document, any Tax deduction or loss reflected on a Tax return, report or other Tax filing by the Company, attributable to (i) payments made or costs incurred by a Member, (ii) payments made or costs incurred by the Company and
reimbursed or to be reimbursed by a Member and (iii) payments made or costs incurred by the Company and not shared among the Members based on their Percentage Interests, shall be allocated among the Members to take into account the amounts paid,
incurred, reimbursed or shared by each. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.15.
<U>Allocation of Income, Gains, Losses and Other Items from LOOP LLC and LOCAP, Inc.</U> (a) Income, gains, losses, deductions, credits, adjustments, tax preferences and other distributive share items with respect to the Company&#146;s interest in
LOOP LLC, a tax partnership, for periods beginning on or after the Closing, shall be allocated between the Members in such a manner so that, when such items are included with the same items allocated to Ashland with respect to the Ashland LOOP/LOCAP
Interest, each Member is allocated all such items in proportion to its respective Percentage Interest in the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) In determining the Capital Account for each Member, (i) Ashland shall be treated as contributing the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">40 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Ashland LOOP/LOCAP Interest to the Company, (ii) Profit and Loss shall be treated as including taxable income, gain, loss and distributions arising from
Ashland&#146;s 4% interest in LOOP LLC and (iii) dividends and distributions that Ashland receives from LOOP LLC or LOCAP, Inc. in respect of the Ashland LOOP/LOCAP Interest and paid to the Company pursuant to Section 7.2(i) of the Asset Transfer
and Contribution Agreement shall be treated as being received directly by the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 6.16. <U>Allocation of Income, Gain, Loss, Deduction and Credits Attributable to Stock-Based Compensation.</U> Each item of income, gain, loss, deduction (excluding deductions for administrative costs incurred
by the Company) and credit attributable to the grant to, or the exercise by or on behalf of, an employee or retired employee of the Company of a stock option, stock appreciation right, or other stock-based incentive compensation involving the stock
of a Member or an Affiliate of a Member shall be allocated to the Member whose stock or whose Affiliate&#146;s stock is involved. Any exercise price paid by or on behalf of the employee or retired employee to the Company shall be paid over to the
Member whose stock (or whose Affiliate&#146;s stock) is involved. A Member&#146;s Capital Account shall be (i) increased by the fair market value of its (or its Affiliate&#146;s) stock delivered to or on behalf of an employee or retired employee as
aforesaid (without duplication to the extent such stock is first contributed to the Company), (ii) decreased (pursuant to Section 6.01(a)(iii) or (b)(iii)) by the deduction allocated to such Member as aforesaid and (iii) decreased by the amount of
the exercise price so paid over by the Company or deemed to be paid over by the Company under principles analogous to those in Treasury Regulation Section 1.83-6(d)(1). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Books and Records </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.01. <U>Books and Records; Examination.</U> The Board of Managers shall keep or cause to be kept such books of account and records with respect
to the Company&#146;s business as they may deem appropriate. Each Member and its duly authorized representatives shall have the right at any time to examine, or to appoint independent certified public accountants (the fees of which shall be paid by
such Member) to examine, the books, records and accounts of the Company and its subsidiaries, their operations and all other matters that such Member may wish to examine, including, without limitation, all documentation relating to actual or
proposed transactions with either Member or any Affiliate of either </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">41 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Member. The Company, and the Board of Managers, shall not have the right to keep confidential from the Members any information that the Board of Managers
would otherwise be permitted to keep confidential from the Members pursuant to Section 18-305(c) of the Delaware Act. The Company&#146;s books of account shall be kept using the method of accounting determined by the Board of Managers. The Company
Independent Auditors (the &#147;<U>Company Independent Auditors</U>&#148;) shall be an independent public accounting firm selected by the Board of Managers pursuant to a vote in accordance with Section 8.07(b) or Section 8.07(c), as applicable, and
shall initially be Price Waterhouse LLP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.02.
<U>Financial Statements and Reports.</U> (a) <U>Unaudited Monthly Financial Statement</U> (i) The Company shall prepare and send to each Member (at the same time) promptly, but in no event later than noon on the 15</FONT><FONT FACE="Times New Roman"
SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Business Day after the last day of each month, the following unaudited financial statements with respect to the Company and its subsidiaries: a
balance sheet, a statement of operations, a statement of cash flows and a statement of changes in capital (collectively, &#147;<U>Unaudited Financial Statements</U>&#148;) as at the end of and for such month. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) The Company shall prepare and send to each Member
promptly, but in no event later than noon on the 20th Business Day after the last day of each month, an unaudited financial summary booklet containing a breakdown of such operating and financial information by major department or division of the
Company and its subsidiaries as at the end of and for such month as either Member shall reasonably request; <U>provided</U> that each Member shall be provided with the same information at the same time as the other Member. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Unaudited Quarterly Financial Statements.</U> The Company shall
prepare and send to each Member (at the same time) promptly, but in no event later than the 30th day after the last day of each Fiscal Quarter, (i) Unaudited Financial Statements as at the end of and for such Fiscal Quarter; (ii) a management&#146;s
discussion and analysis of financial condition and results of operations section prepared in accordance with Rule 303 of Regulation S-K of the Securities Act with respect to such Fiscal Quarter; and (iii) an unaudited statement of changes in the
Members&#146; capital accounts as at the end of and for such Fiscal Quarter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Audited Annual Financial Statements.</U> Within 75 days after the end of each Fiscal Year, the Board of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">42 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Managers shall cause (i) an examination to be made, at the expense of the Company, by the Company Independent Auditors, covering (A) the assets, liabilities
and capital of the Company and its subsidiaries, and the Company&#146;s and its subsidiaries&#146; operations during such Fiscal Year, (B) an examination of the Distributions Calculation Statement for such Fiscal Year, and (C) all other matters
customarily included in such examinations and (ii) to be delivered to each Member (at the same time) a copy of the report of such examination, stating that such examination has been performed in accordance with generally accepted auditing standards,
together with (1) the following financial statements with respect to the Company and its subsidiaries certified by such accountants as having been prepared in accordance with GAAP: a balance sheet, a statement of operations, a statement of cash
flows and a statement of changes in capital as at the end of and for such Fiscal Year (collectively, the &#147;<U>Audited Financial Statements</U>&#148;) and (2) a management&#146;s discussion and analysis of financial condition and results of
operations section prepared in accordance with Rule 303 of Regulation S-K of the Securities Act with respect to such Fiscal Year. The Company shall prepare the Audited Financial Statements in such manner and form as is necessary to enable Ashland to
file such Audited Financial Statements with the Commission in accordance with Item 3-09 of Regulation S-X under the Exchange Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Schedule of Members&#146; Capital Accounts.</U> (i) <U>Preliminary Annual Capital Account Schedule.</U> The Company shall prepare and send to each
Member (at the same time) promptly, but in no event later than the 75th day after the last day of each Fiscal Year, a schedule showing the respective Capital Accounts of the Members based on the Company&#146;s estimated taxable income for such
Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Examination.</U> Unless
otherwise agreed by the Members, within 15 days after the date the Company determines its net taxable income with respect to any Fiscal Year, but in no event later than 7 months after the end of such Fiscal Year, the Board of Managers shall cause
(i) an examination to be made, at the expense of the Company, by the Company Independent Auditors, covering (A) the determination of the Company&#146;s taxable income with respect to such Fiscal Year and (B) the respective Capital Accounts of the
Members based on the Company&#146;s taxable income for such Fiscal Year and (ii) to be delivered to each Member (at the same time) a copy of the report of such examination, stating that such examination has been performed in accordance with
generally accepted auditing standards. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">43 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) <U>Final Annual Capital Account Schedule.</U> The Company shall prepare and send to
each Member (at the same time) promptly, but in no event later than the 15th day after the date the Company files its federal income tax return with respect to each Fiscal Year, a schedule showing the respective Capital Accounts of the Members based
on the Company&#146;s actual taxable income for such Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(e) <U>Other Financial Information.</U> The Company shall prepare and send to each Member (at the same time) promptly such other financial information as a Member shall from time to time reasonably request. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.03. <U>Notice of Affiliate Transactions; Annual List.</U> (a) (i)
The Company shall notify each Member of any Affiliate Transaction (other than an Affiliate Transaction that is a Significant Shared Service) that the Company or any of its subsidiaries is considering entering into or renewing or extending the term
thereof (whether pursuant to contractual provisions thereof or otherwise), which notice shall be given, to the extent reasonably possible, sufficiently in advance of the time that the Company intends to enter into, renew or extend the term of such
Affiliate Transaction so as to provide the Members with a reasonable opportunity to examine the documentation related to such Affiliate Transaction. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) The Company shall notify each Member of any Affiliate Transaction that is a Significant Shared Service that the Company or any of its
subsidiaries is considering entering into or renewing or extending the term thereof (whether pursuant to contractual provisions thereof or otherwise), which notice shall be given, to the extent reasonably possible, sufficiently in advance of the
time that the Company intends to enter into, renew or extend the term of such Affiliate Transaction so as to provide the Members with a reasonable opportunity to examine the documentation related to such Affiliate Transaction. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Within 60 days after the end of each Fiscal Year, the Company shall
prepare and distribute to each Member a list setting forth a description of each Affiliate Transaction entered into by the Company or any of its subsidiaries during such Fiscal Year and identifying all of the parties to such Affiliate Transactions;
<U>provided</U> that if two or more Affiliate Transactions either (i) constitute a series of related transactions or agreements or (ii) are substantially the same type of transaction or agreement, the Company need not separately describe each such
Affiliate </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">44 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Transaction but instead can describe such related or similar Affiliated Transactions as a group. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VIII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Management of the Company </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.01. <U>Managing Members.</U> The business and affairs of the Company shall be managed by the Members acting through their respective
representatives on the Board of Managers (&#147;<U>Representatives</U>&#148;). The President and the Representatives shall be deemed &#147;managers&#148; of the Company within the meaning of the Delaware Act. Except for such matters as may be
delegated to a Member from time to time by the Board of Managers pursuant to a vote in accordance with Section 8.07(b), and subject to the provisions of Sections 6.07 and 6.08, no Member shall act unilaterally on behalf of the Company or any of its
subsidiaries without the approval of the other Member and no Member shall have the power unilaterally to bind the Company or any of its subsidiaries. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.02. <U>Board of Managers.</U> (a) The Members shall exercise their management authority through a board of managers (the &#147;<U>Board of
Managers</U>&#148;) consisting of (i) the President of the Company, who shall not be deemed a Representative hereunder and who shall not be entitled to vote on any matter coming before the Board of Managers, and (ii) eight Representatives, each of
whom shall be entitled to vote, five of whom shall be designated by Marathon and three of whom shall be designated by Ashland. In the event of a Transfer by a Member of its Membership Interests pursuant to Article X, effective at the time of such
Transfer, (i) such Member&#146;s Representatives shall automatically be removed from the Board of Managers and (ii) the transferee of such Membership Interests shall be permitted to designate the number of Representatives to the Board of Managers as
is equal to the number previously designated by the transferor of such Membership Interests. Such transferee shall promptly notify the other Member as to the names of the persons who such transferee has designated as its Representatives on the Board
of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Each Representative may be removed and
replaced, with or without cause, at any time by the Member designating him or her, but, except as provided in Section 8.02(a), may not be removed or replaced by any other means. A Member who removes one or more of its Representatives from the Board
of Managers shall promptly </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">45 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">notify the other Member as to the names of its replacement Representatives. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.03. <U>Responsibility of the Board of Managers.</U> The Board of Managers shall be responsible for overseeing the
operations of the Company and shall, in particular, have sole jurisdiction to approve each of the following matters: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) hiring senior executives of the Company, evaluating their performance and planning for their succession; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) reviewing and approving Company strategies, Business
Plans and Annual Capital Budgets; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii)
reviewing and approving significant external business opportunities for the Company, including acquisitions, mergers and divestitures; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) reviewing and approving policies of the Company that maintain high standards in areas of environmental responsibility, employee
safety and health, community, government, employee and customer relations; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(v) reviewing external and internal audits and management responses thereto; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vi) establishing compensation and benefits policies for employees of the Company. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.04. <U>Meetings.</U> (a) Except as set forth in Section 8.04(h),
all actions of the Board of Managers shall be taken at meetings of the Board of Managers in accordance with this Section 8.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) As soon as practicable after the appointment of the Representatives, the Board of Managers shall meet for the purpose of organization and the
transaction of other business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Regular meetings of the
Board of Managers shall be held at such times as the Board of Managers shall from time to time determine, but no less frequently than once each Fiscal Quarter; <U>provided</U> that an annual meeting of the Board of Managers (which annual meeting
shall count as one of the regular quarterly meetings) shall be held no later than June 30 of each Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">46 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Special meetings of the Board of Managers shall be held whenever called by any Member. Any and all
business may be transacted at a special meeting that may be transacted at a regular meeting of the Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) The Board of Managers may hold its meetings at such place or places as the Board of Managers may from time to time by resolution determine or as shall
be designated in the respective notices or waivers of notice thereof; however, the Board of Managers shall consider holding meetings from time to time at each of the Member&#146;s corporate headquarters and at the operational sites of the Company.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) Notices of regular meetings of the Board of Managers or of
any adjourned meeting shall be given at least two weeks prior to such meeting, unless otherwise agreed by each Member. Notices of special meetings of the Board of Managers shall be mailed by the Secretary or an Assistant Secretary to each member of
the Board of Managers addressed to him or her at his or her residence or usual place of business, so as to be received at least two Business Days before the day on which such meeting is to be held, or shall be sent to him or her by telegraph, cable,
facsimile or other form of recorded communication or be delivered personally, by overnight courier or by telephone so as to be received not later than two Business Days before the day on which such meeting is to be held. Such notice shall include
the purpose, time and place of such meeting and shall set forth in reasonable detail the matters to be considered at such meeting. However, notice of any such meeting need not be given to any member of the Board of Managers if such notice is waived
by him or her in writing or by telegraph, cable, facsimile or other form of recorded communication, whether before or after such meeting shall be held, or if he or she shall be present at such meeting. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Action by Communication Equipment.</U> The members of the Board of
Managers may participate in a meeting of the Board of Managers by means of video or telephonic conferencing or similar communications equipment by means of which all persons participating in the meeting can hear each other, and such participation
shall constitute presence in person at such meeting. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(h)
<U>Unanimous Action by Written Consent.</U> Any action required or permitted to be taken at any meeting of the Board of Managers may be taken without a meeting if all the Representatives consent thereto in writing and such writing is filed with the
minutes of the proceedings of the Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">47 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Organization.</U> Meetings of the Board of Managers shall be presided over by a chair, who will be
a member of the Board of Managers selected by a majority of the Board of Managers. The Secretary of the Company or, in the case of his or her absence, any person whom the person presiding over the meeting shall appoint, shall act as secretary of
such meeting and keep the minutes thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.05.
<U>Compensation.</U> Unless the Members otherwise agree, no person shall be entitled to any compensation from the Company in connection with his or her services as a Representative. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.06. <U>Quorum.</U> (a) <U>Quorum for Super Majority Decisions.</U> Subject to Section 14.01(e) of the Put/Call,
Registration Rights and Standstill Agreement and Sections 14.01 and 14.05 and Section 5 of Schedule 8.14, at all meetings of the Board of Managers, the quorum required for the transaction of any business that constitutes a Super Majority Decision
shall be the presence, either in person or by proxy, of (i) at least one Representative of each Member and (ii) a majority of all the Representatives on the Board of Managers (which may include the Representatives referred to in the preceding clause
(i)). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Quorum for Other Decisions.</U> Subject to
Sections 14.01 and 14.05 and Section 5 of Schedule 8.14, at all meetings of the Board of Managers, the quorum required for the transaction of any business that does not constitute a Super Majority Decision shall be (i) in the case of all matters
that were described in the notice in reasonable detail for such meeting delivered to the members of the Board of Managers pursuant to Section 8.04(f), the presence, either in person or by proxy, of a majority of all the Representatives on the Board
of Managers and (ii) in the case of all matters that were not described in the notice in reasonable detail for such meeting delivered to the members of the Board of Managers pursuant to Section 8.04(f), the presence, either in person or by proxy, of
(A) at least one Representative of each Member and (B) a majority of all the Representatives on the Board of Managers (which may include the Representatives referred to in the preceding clause A)). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Rescheduled Meetings.</U> The Company shall use its reasonable best
efforts to schedule the time and place of each meeting of the Board of Managers so as to ensure that a quorum will be present at each such meeting and that at least one Representative of each Member will be present at each such meeting. In the
absence of a quorum at any such meeting or any adjournment or adjournments thereof, a </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">48 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">majority in voting interest of those present in person or by proxy and entitled to vote thereat may reschedule such meeting from time to time until the
Representatives requisite for a quorum, as aforesaid, be present in person or by proxy. At any such rescheduled meeting at which a quorum is present, any business may be transacted that might have been transacted at the meeting as originally called.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.07. <U>Voting.</U> (a) <U>General.</U> Each
Representative shall be entitled to cast one vote on all matters coming before the Board of Managers. In exercising their voting rights under this Agreement, the Representatives may act by proxy. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Super Majority Decisions.</U> Subject to Section 14.01(e) of the
Put/Call, Registration Rights and Standstill Agreement and Sections 14.01 and 14.05 and Section 5 of Schedule 8.14, all Super Majority Decisions to be decided by the Board of Managers shall be approved by the unanimous affirmative vote of the votes
cast by the Representatives who are present, either in person or by proxy, at a duly called meeting of the Board of Managers at which a quorum is present. The parties acknowledge and agree that all references in this Agreement, any other Transaction
Document and any appendices, exhibits or schedules hereto or thereto to any determination, decision, approval or other form of authorization by the Board of Managers pursuant to a vote in accordance with Section 8.07(b) shall be deemed to mean that
such determination, decision, approval or other form of authorization shall constitute a Super Majority Decision which requires the approval of the Board of Managers in accordance with this Section 8.07(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Other Decisions.</U> Subject to Sections 14.01 and 14.05 and Section 5
of Schedule 8.14, all matters other than Super Majority Decisions to be decided by the Board of Managers shall be approved by the affirmative vote of a majority of the votes cast by the Representatives who are present, either in person or by proxy,
at a duly called meeting of the Board of Managers at which a quorum is present, unless the vote of a greater number of Representatives is required by Applicable Law or this Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">49 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.08. <U>Matters Constituting Super Majority Decisions.</U> Subject to the provisions of Section
8.07(b), each of the following matters, and only the following matters, shall constitute a &#147;<U>Super Majority Decision</U>&#148; which requires the approval of the Board of Managers pursuant to Section 8.07(b): </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) (i) the purchase or investment by the Company or any of
its subsidiaries of or in any assets or securities, or any group of assets or securities, that have an aggregate purchase price or cost of more than $20 million, if the purpose or effect of such purchase or investment is to enable the Company to
enter into a line of business other than (A) the Company&#146;s Business as such Business is conducted on the Closing Date or (B) any other line of business that is approved after the Closing Date by the Board of Managers as a Super Majority
Decision under this Section 8.08(a)(i) pursuant to a vote in accordance with Section 8.07(b), provided that any such purchase or investment by the Company or any of its subsidiaries shall not require a Super Majority Decision under this Section
8.08(a) if and to the extent such purchase or investment is being made to enable the Company to enter into the Bulk Motor Oil Business, the Packaged Motor Oil Business, the Private Label Packaged Motor Oil Business and/or the Quick Lube Business
and, at the time of such purchase or investment, (1) the Company and its subsidiaries are permitted to engage in such business under Section 14.03(b) of the Put/Call, Registration Rights and Standstill Agreement and (2) Ashland and its Affiliates
shall own (beneficially or otherwise) 20% or more of the Valvoline Business (it being understood and agreed that this proviso shall not limit or constitute an exception to any other provision of Section 8.08); and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the determination of whether any new line of business
approved by the Board of Managers as a Super Majority Decision under Section 8.08(a)(i) should constitute a &#147;Competitive Business&#148; for purposes of Section 14.01 of the Put/Call, Registration Rights and Standstill Agreement; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) (i) any reorganization, merger, consolidation or similar
transaction between the Company and any person (other than a direct or indirect Wholly Owned Subsidiary of the Company) or any sale or lease of all or substantially all of the Company&#146;s assets to any person (other than a direct or indirect
Wholly Owned Subsidiary of the Company); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii)
any (A) reorganization, merger, consolidation or similar transaction or series of transactions between any of the Company&#146;s subsidiaries and any person (other than the Company or a direct or indirect Wholly Owned Subsidiary of the Company) or
(B) sale or lease of all or substantially all of any of the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">50 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Company&#146;s subsidiaries&#146; assets to any person (other than the Company or a direct or indirect Wholly Owned Subsidiary of the Company) which in
either case involves an aggregate consideration of over $50,000,000; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">c) the admission of a new Member (other than as a result of a Transfer of an existing Member&#146;s Membership Interests pursuant to Article X) or the issuance of any additional Membership Interests or other equity
interests to any person, including any existing Member; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(d) except as expressly provided in Sections 4.01(c), 4.02(a) and 4.02(b), the acceptance or requirement of any additional capital contributions to the Company by either Member; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) the initial hiring of the following officers of the
Company: the President; the Executive Vice President; the officers principally in charge of (i) refining, (ii) wholesale and branded marketing, (iii) retail marketing (two initially), (iv) supply and transportation and (v) environmental health and
safety and human resources; the Senior Vice President-Finance and Commercial Services of the Company; and the general counsel of the Company; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) (i) the approval of Acquisition Expenditures, Capital Expenditures and such other expenditures of the type to be included in the
Annual Capital Budget for any Fiscal Year (other than (A) Ordinary Course Lease Expenses, (B) up to $100 million in the aggregate for all periods in Capital Expenditures of the Company and its subsidiaries directly associated with the Garyville
Propylene Upgrade Project, (C) Member-Funded Capital Expenditures, (D) Member-Indemnified Expenditures and (E) Acquisition Expenditures or Capital Expenditures of the Company and its subsidiaries directly associated with Permitted Capital
Projects/Acquisitions that are funded with Permitted Capital Project/Acquisition Indebtedness) that when taken together with (x) the other expenditures already approved as part of the Annual Capital Budget for such Fiscal Year and (y) all other
expenditures already made in such Fiscal Year, would reasonably be expected to exceed the Normal Annual Capital Budget Amount for such Fiscal Year; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the incurrence of rentals or operating leases which result in aggregate Ordinary Course Lease Expenses (other than Ordinary Course
Lease Expenses </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">51 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">incurred under the Bareboat Charters) for any Fiscal Year that exceed $80 million; <U>provided</U>, <U>however</U>, in the event the Company or one of its
subsidiaries shall make any acquisition or divestiture, the Members shall negotiate in good faith to adjust the dollar amount set forth in this Section 8.08(f)(ii) to take into account the effect of such acquisition or divestiture; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) (i) except for any acquisition or capital project
related to the Bulk Motor Oil Business, the Packaged Motor Oil Business, the Private Label Motor Oil Business and/or the Quick Lube Business, any acquisition, divestiture or individual capital project (other than (i) Ordinary Course Lease Expenses,
(ii) up to $100 million in the aggregate for all periods in Capital Expenditures of the Company and its subsidiaries directly associated with the Garyville Propylene Upgrade Project, (iii) Member-Funded Capital Expenditures, (iv) Member-Funded
Indemnified Expenditures and (v) Acquisition Expenditures or Capital Expenditures of the Company and its subsidiaries directly associated with Permitted Capital Projects/Acquisitions that are funded with Permitted Capital Project/Acquisition
Indebtedness) where the liability or consideration involved is more than $50 million in the aggregate (including contingent liabilities only to the extent required to be reflected on the balance sheet of the Company in accordance with Financial
Accounting Standard Number 5 (or any successor or superseding provision of Current GAAP)); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) any acquisitions or individual capital projects related to the Bulk Motor Oil Business, the Packaged Motor Oil Business, the Private
Label Motor Oil Business and/or the Quick Lube Business during any Fiscal Year where the liability or consideration involved is more than $50 million in the aggregate in such Fiscal Year (including contingent liabilities only to the extent required
to be reflected on the balance sheet of the Company in accordance with Financial Accounting Standard Number 5 (or any successor or superseding provision of Current GAAP)); <U>provided</U> that nothing in this Section 8.08(g)(ii) shall be deemed or
interpreted to permit the Company or any of its subsidiaries to engage in any of such businesses except as and to the extent expressly permitted under Section 14.03 of the Put/Call, Registration Rights and Standstill Agreement; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) for the avoidance of doubt, acquisitions or individual
capital projects related to the Maralube </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">52 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Express Business shall be subject to clause (i) of this Section 8.08(g) and not clause (ii) of this Section 8.08(g); </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(h) the initiation or settlement of any action, suit, claim
or proceeding involving (i) an amount in excess of $50 million (with respect to initiation) or $25 million (with respect to settlement), (ii) material non-monetary relief (including, without limitation, entering into any consent decree that has or
could reasonably be expected to (A) impose any material obligation on Ashland or any of its Affiliates or the Company or any of its subsidiaries or (B) have a material adverse effect on the business, operations, assets, liabilities, results of
operations, cash flows, condition (financial or otherwise) or prospects of Ashland or any of its Affiliates or the Company or any of its subsidiaries) or (iii) the initiation or settlement of any criminal action, suit, claim or proceeding (other
than a misdemeanor) if such criminal action, suit or proceeding has or could reasonably be expected to (A) impose any material obligation on Ashland or any of its Affiliates or (B) have a material adverse effect on the business, operations, assets,
liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of Ashland or any of its Affiliates; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) any change in the Company Independent Auditors unless the new firm is one of the &#147;Big Six&#148; accounting firms (or any
successor thereto) or a firm of comparable stature in Ashland&#146;s opinion; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(j) any modification, alteration, amendment or termination of any Transaction Document to which the Company or any of its subsidiaries is a party and all Members are not a party; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(k) (i) in the case of any Affiliate Transaction that is not
a Crude Oil Purchase, a Significant Shared Service or a Designated Sublease Agreement, (A) any Affiliate Transaction (other than the Affiliate Transactions listed on Schedule 8.08(k)(i)(A) (the &#147;<U>Closing Date Affiliate
Transactions</U>&#148;)), (B) any </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">53 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">material amendment to or change in the terms or provisions of any Affiliate Transaction that was either a Closing Date Affiliate Transaction or previously
approved by the Board of Managers pursuant to Section 8.08(k)(i)(A) (it being understood that a renewal or extension of the term of an Affiliate Transaction pursuant to contractual provisions that were previously approved by the Board of Managers
pursuant to this Section 8.08(k)(i) or that were included in a Closing Date Affiliate Transaction on the Closing Date shall be deemed for purposes of this Agreement not to constitute a new Affiliate Transaction or a material amendment to or change
in an Affiliate Transaction) or (C) any amendment or change in the terms or provisions of any agreement or transaction between the Company or any of its subsidiaries and any Member or any Affiliate of any Member which causes such agreement or
transaction to become an Affiliate Transaction; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(ii) in the case of Crude Oil Purchases, the approval of such Crude Oil Purchases in accordance with Section 8.12(a); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) in the case of any Significant Shared Service, (A) any agreement or transaction constituting a Significant Shared Service (other
than the specific Significant Shared Services identified and described in Schedule 10.2(e) to the Asset Transfer and Contribution Agreement), (B) any material amendment to or change in the terms and provisions of any Significant Shared Service
identified and described in Schedule 10.2(e) to the Asset Transfer and Contribution Agreement or thereafter approved by the Board of Managers in accordance with this Section 8.08(k)(iii), (C) subject to the provisions of Section 8.11(b) and except
as expressly provided in Section 8.12(b), any cancelation or failure by the Company or any of its subsidiaries to renew any Significant Shared Service provided by Ashland or any Affiliate of Ashland to the Company or any of its subsidiaries or
provided by the Company or any of its subsidiaries to Ashland or any Affiliate of Ashland and (D) the periodic review and approval of Significant Shared Services in accordance with Section 8.12(b); and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) any material amendment to or change in the terms or
provisions of, cancelation, termination or failure to renew, any Designated Sublease Agreement or any election by the Company to refuse or reject the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">54 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">contribution of any Subleased Property to the Company or any of its subsidiaries; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(l) the commencement of a voluntary case under any applicable bankruptcy, insolvency or other similar law
now or hereafter in effect, or the consent to the entry of an order for relief in an involuntary case under any such law, or the consent to the appointment of or the taking possession by a receiver, liquidator, assignee, custodian, trustee or
sequestrator (or similar official) of the Company or any of its subsidiaries or for any substantial part of the Company&#146;s or any of its subsidiaries&#146; property, or the making of any general assignment for the benefit of creditors;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(m) (i) the modification, alteration or
amendment of the amount, timing, frequency or method of calculation of distributions to the Members from that provided in Article V or (ii) an adjustment to the amount of Distributable Cash pursuant to clause (g) of the definition of
&#147;Distributable Cash&#148; in Section 1.01; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(n) (i) the modification, alteration or amendment of the Company Leverage Policy, or (ii) the approval of any matter which the Company Leverage Policy provides is to be approved by the Board of Managers as a Super Majority Decision;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(o) (i) the approval of any distribution by
the Company to the Members of any assets in kind, (ii) the approval of any distribution by the Company to the Members of cash and property in kind on a non-pro rata basis, and (iii) the determination of the value assigned to such assets in kind;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(p) each Critical Decision or material
amendment thereto made on or prior to the Critical Decision Termination Date for such Critical Decision; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(q) the delegation to a Member of the power to unilaterally bind the Company or any of its subsidiaries with respect to any matter.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.09. <U>Annual Capital Budget.</U> (a) In Fiscal Year
1999 and in each Fiscal Year thereafter, the Executive Officers of the Company shall timely prepare or cause to be prepared a draft capital budget (the &#147;<U>Draft Annual Capital Budget</U>&#148;) for such Fiscal Year, which shall set forth in
reasonable line item detail the proposed Acquisition Expenditures, Capital Expenditures and the Ordinary Course Lease Expenditures of the Company and its </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">55 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">subsidiaries for such Fiscal Year, including all Ordinary Course Lease Expenditures and all Capital Expenditures of the Company and its subsidiaries directly
associated with the Garyville Propylene Upgrade Project. In addition, to the extent that information can reasonably be obtained on the nature of assets rented or financed by operating leases, such information shall be presented along with the Annual
Capital Budget. Copies of the Draft Annual Capital Budget shall be provided to each Member (at the same time) and to the Board of Managers. No later than the last regular meeting of the Board of Managers for a Fiscal Year, the Executive Officers
shall present to the Board of Managers the Draft Annual Capital Budget for the following Fiscal Year for the Board of Managers&#146; review, consideration and approval, with such additions, deletions and changes thereto as the Board of Managers
shall deem necessary. Upon its approval by the Board of Managers (and taking into account any additions, deletions or other changes deemed necessary by the Board of Managers) the Draft Annual Capital Budget for a Fiscal Year shall become the
&#147;<U>Annual Capital Budget</U>&#148; for such Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(b) If the Board of Managers shall fail to approve an Annual Capital Budget for any Fiscal Year, the total expenditures provided for in the Annual Capital Budget for such Fiscal Year shall be in an amount equal to the Normal Annual Capital
Budget Amount for such Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) No later than August
30 of each Fiscal Year, the Board of Managers shall review the Annual Capital Budget for such Fiscal Year and shall make such additions, deletions and changes thereto as the Board of Managers shall deem necessary. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.10. <U>Business Plan.</U> In Fiscal Year 1999 and in each Fiscal
Year thereafter, the Executive Officers of the Company shall timely prepare or cause to be prepared a draft business plan (the &#147;<U>Draft Business Plan</U>&#148;) for the next three Fiscal Years. Copies of the Draft Business Plan shall be
provided to each Member (at the same time) and to the Board of Managers. No later than the last regular meeting of the Board of Managers for a Fiscal Year, the Executive Officers shall present to the Board of Managers the Business Plan for their
review, consideration and approval, with such additions, deletions and changes thereto as the Board of Managers shall deem necessary. Upon its approval by the Board of Managers (and taking into account any such additions, deletions or other changes
deemed necessary by the Board of Managers), the Draft Business Plan for a Fiscal Year shall become the &#147;Business Plan&#148; for such Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">56 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.11. <U>Requirements as to Affiliate Transactions.</U> (a) The Company and its subsidiaries
shall only be permitted to enter into or renew or extend the term thereof (whether pursuant to contractual provisions thereof or otherwise) an agreement or a transaction with a Member or an Affiliate of a Member (which, solely for purposes of this
Section 8.11, shall be deemed to include any entity more than 10% of the voting stock or other ownership interests of, or economic interest in, which is owned by a Member (other than the Company or any of its subsidiaries)) on the same terms or on
terms no less favorable to the Company or such subsidiary than could be obtained from a third party on an arm&#146;s-length basis (an &#147;<U>Arm&#146;s-Length Transaction</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) (i) If (A) the Company or any subsidiary of the Company enters into, renews or extends the term of
(pursuant to contractual provisions thereof that were previously approved by the Board of Managers or otherwise) or materially amends or changes the terms or provisions of, any agreement or transaction between the Company or any of its subsidiaries
and any Member or any Affiliate of any Member (a &#147;<U>Section 8.11(b) Affiliate Transaction</U>&#148;) or proposes to do any of the foregoing and (ii) not later than 90 days after receiving written notice thereof from the Company pursuant to
Section 7.03 or otherwise (which notice describes the material terms and conditions of such transaction in reasonable detail), the Member that is not (or whose Affiliate is not) a party to such Section 8.11(b) Affiliate Transaction (the
&#147;<U>Non-Contracting Member</U>&#148;) notifies the Company and the Member that is (or whose Affiliate is) a party to such Section 8.11(b) Affiliate Transaction (the &#147;<U>Contracting Member</U>&#148;) in writing that the Non-Contracting
Member believes in good faith that either such Affiliate Transaction is not an Arm&#146;s-Length Transaction or that the quality of the service being provided or to be provided by the Contracting Member is inferior to that which the Company and its
subsidiaries could otherwise obtain on comparable terms and conditions, then the Company shall promptly (and, in any event within 30 days) provide the Non-Contracting Member with a reasonably detailed explanation of the basis for the Company&#146;s
determination that such new, renewed or extended Affiliate Transaction is an Arm&#146;s-Length Transaction or the quality of the service being provided or to be provided to the Company and its subsidiaries is not inferior. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) If following receipt of such evidence, the
Non-Contracting Member is not reasonably satisfied that </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">57 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">such Affiliate Transaction is an Arm&#146;s-Length Transaction or the quality of the service being provided or to be provided to the Company and its
subsidiaries is not inferior, then, at the written request of the Non-Contracting Member (such written request being an &#147;<U>Affiliate Transaction Dispute Notice</U>&#148;), the Company shall (A) modify the terms of such Affiliate Transaction so
that it becomes an Arm&#146;s-Length Transaction, (B) if the Company had given the Members written notice pursuant to Section 7.03(a) prior to entering into, renewing or extending such Affiliate Transaction, not enter into, renew or extend such
Affiliate Transaction or (C) if the Company had given the Members written notice pursuant to Section 7.03(a) prior to entering into, renewing or extending such Affiliate Transaction, enter into, renew or extend such Affiliate Transaction in which
event the determination of whether such Affiliate Transaction is an Arm&#146;s Length Transaction and/or whether the quality of the service being provided is inferior shall be in accordance with the Dispute Resolution Procedures set forth in Article
XIII or (D) if the Company shall not have given the Members written notice pursuant to Section 7.03(a) prior to entering into, renewing or extending such Affiliate Transaction, commence the dispute resolution procedures set forth in Article XIII.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) For purposes of Article XIII, a
Non-Contracting Member&#146;s delivery of an Affiliate Transaction Dispute Notice to the Company shall constitute delivery of a Dispute Notice thereunder, and the Company shall be required to deliver a Response to the Non-Contracting Member within
30 days thereafter. If it is finally determined pursuant to such Dispute Resolution Procedures that such Affiliate Transaction is an Arm&#146;s-Length Transaction and, if disputed, that the quality of service being so provided is not inferior, then
the Company shall be permitted to enter into, renew or extend such Affiliate Transaction. If it is finally determined pursuant to such Dispute Resolution Procedures that such Affiliate Transaction is not an Arm&#146;s-Length Transaction or that the
quality of service being so provided is inferior, then the Company shall either modify the terms of such Affiliate Transaction so that it becomes an Arm&#146;s-Length Transaction and, if disputed, with an adequate level of quality of service or not
enter into, renew or extend such Affiliate Transaction. In the event that such Affiliate Transaction has already been entered into, renewed or extended, then (A) the Company and the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">58 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Contracting Member shall make such modifications to the terms of such Affiliate Transaction as are necessary so that such Affiliate Transaction becomes an
Arm&#146;s-Length Transaction and, if disputed, with an adequate level of quality of service and (B) the Contracting Member shall pay the Company an amount equal to the difference between (I) the costs incurred by the Company under such Affiliate
Transaction since the time of such entering into, renewal or extension and (II) the costs that the Company would have incurred under such Affiliate Transaction during such time period had such Affiliate Transaction been an Arm&#146;s-Length
Transaction and, if disputed, with an adequate level of quality of service at the time of such initial agreement, renewal or extension. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.12. <U>Review of Certain Affiliate Transactions Related to Crude Oil Purchases and Shared Services.</U> (a) (i) Not less than 30 days prior to
the regular meeting of the Board of Managers during the fourth Fiscal Quarter of each Fiscal Year (or, if no regular meeting of the Board of Managers is scheduled during such Fiscal Quarter, at a special meeting of the Board of Managers during such
Fiscal Quarter), the Company shall submit to the Board of Managers a reasonably detailed description of any proposed transactions or agreements related to crude oil purchases by the Company and its subsidiaries from Marathon or any Affiliate of
Marathon that are intended to remain in effect or to be put into effect during such next Fiscal Year (collectively, the &#147;<U>Marathon Crude Oil Purchase Program</U>&#148;). Following such submission, the Company shall provide the Board of
Managers promptly with such information with respect to such Marathon Crude Oil Purchase Program and the Company&#146;s other proposed crude oil purchases and policies for such next Fiscal Year as any Representative shall reasonably request. At each
such regular or special meeting during the fourth Fiscal Quarter of each Fiscal Year, the Board of Managers shall review such Marathon Crude Oil Purchase Program. During such next Fiscal Year, the Company and its subsidiaries shall be permitted to
purchase crude oil from Marathon or any Affiliate of Marathon only on the terms and conditions of the proposed transactions and agreements submitted to and approved by the Board of Managers at such regular or special meeting pursuant to a vote in
accordance with Section 8.07(b) (the &#147;<U>Approved Marathon Crude Oil Purchase Program</U>&#148;). Any purchase (or group of related purchases) of crude oil by the Company or any of its subsidiaries from Marathon or any Affiliate of Marathon
during such Fiscal Year that is an Affiliate Transaction for purposes of Section 8.08(k) and is not made under or in accordance with </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">59 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">the Approved Marathon Crude Oil Purchase Program and any material amendment to or change in the Approved Marathon Crude Oil Purchase Program during such
Fiscal Year shall be made only with the prior approval of the Board of Managers pursuant to a vote in accordance with Section 8.07(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) The Company shall prepare and send to each Member (at the same time) promptly, but in no event later than the 30th day after the last
day of each Fiscal Quarter, (A) a summary of all Crude Oil Purchases during such Fiscal Quarter, (B) a description of any amendments to, changes in or deviations from the Approved Marathon Crude Oil Purchase Program in effect during such Fiscal
Quarter, (C) a description of any then known proposed amendments to, changes in or deviations from the Approved Marathon Crude Oil Purchase Program in effect during the remaining balance of the Fiscal Year and (D) such other information with respect
to purchases of crude oil by the Company and its subsidiaries as either Member shall reasonably request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b)(i) All administrative services that Marathon, Ashland and each of their respective Affiliates provide to the Company or any of its
subsidiaries, and that the Company and its subsidiaries provide to Marathon, Ashland or any of their respective Affiliates, shall be pursuant to the Shared Services Agreement. To the extent that there is a conflict between the Shared Services
Agreement, Schedule 10.2(e) to the Marathon Asset Transfer and Contribution Agreement Disclosure Letter or Schedule 10.2(e) to the Ashland Asset Transfer and Contribution Agreement Disclosure Letter, on the one hand, and this Agreement, on the other
hand, this Agreement shall control. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Not
less than 90 days prior to each of the annual meetings of the Board of Managers held in 2000, 2003 and every three years thereafter, the Company shall submit to the Board of Managers the provisions of the Shared Services Agreement that relate to
each Significant Shared Service then in effect or that is proposed to be put into effect. Following such submission, the Company shall provide the Board of Managers promptly with such information with respect to such Significant Shared Services and
with respect to any other Shared Services then being provided or proposed to be provided as any Representative shall reasonably request. At each such annual meeting, unless all the Representatives otherwise agree, the Board of Managers shall review
each such Significant </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">60 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Shared Service and shall determine pursuant to a vote in accordance with Section 8.07(b) whether such Significant Shared Service should be continued (or, in
the case of any proposed Significant Shared Service, put into effect). Unless the Board of Managers approves pursuant to a vote in accordance with Section 8.07(b) the continuation or effectiveness of a Significant Shared Service, the Shared Service
Agreement to the extent it relates to such Significant Shared Service shall be terminated effective 90 days after such annual meeting or at such later date as the Board of Managers shall specify pursuant to a vote in accordance with Section 8.07(b)
and the Company shall be deemed at the time of such annual meeting to have given notice to the Member providing or receiving (or whose Affiliate is providing or receiving) such Significant Shared Service that the Company is terminating the Shared
Service Agreement with respect to such Significant Shared Service. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 8.13. <U>Adjustable Amounts.</U> Within 30 days following the date on which the United States Department of Labor Bureau of Labor Statistics for all Urban Areas publishes the Price Index for the month of September of each Fiscal
Year commencing September, 1998, the Company shall determine whether the Average Annual Level for the immediately preceding twelve-month period exceeds the Base Level. If the Company determines that the Average Annual Level for such twelve-month
period exceeds the Base Level, then the Company shall increase or decrease each of the dollar amounts set forth in this Agreement (other than the $348 million and $346 million amounts set forth in the definition of Adjusted DD&amp;A, the $657
million, $600 million, $80 million, $20 million and $12.4 million amounts set forth in the definition of Adjusted EBITDA, the $240 million amount set forth in the definition of &#147;Normal Annual Capital Budget Amount&#148; in Section 1.01, the
$100 million amount set forth in Section 8.08(f)(i) and any dollar amount set forth in any Appendix, Exhibit or Schedule to this Agreement, including Schedule 8.14) (each dollar amount that is adjusted pursuant to this Section 8.13 being an
&#147;<U>Adjustable Amount</U>&#148;), including, without limitation, the following amounts, to an amount calculated by multiplying the relevant Adjustable Amount by a fraction whose numerator is the Average Annual Level for such twelve-month period
and whose denominator is the Base Level: (i) the $100,000, $2 million and $25 million amounts set forth in the definition of &#147;Affiliate Transaction&#148; and the $2 million amount set forth in the definition of &#147;Significant Shared
Service&#148; in each case in Section 1.01; (ii) the $2 million amount set forth in Section 6.06(c); (iii) the $2 million amounts set forth </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">61 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">in Sections 6.08(b), (d) and (e); (iv) the $20 million amount set forth in Section 8.08(a)(i); (v) the $80 million amount set forth on Section 8.08(f)(ii)
(or such other dollar amount as shall be agreed pursuant to the proviso to Section 8.08(f)(ii)); (vi) the $50 million amount set forth in Section 8.08(g); (vii) the $50 million and $25 million amounts set forth in Section 8.08(h)(i); and (viii) each
$7.5 million amount set forth in Section 14.01(a); <U>provided</U> that in no event shall any Adjustable Amount be decreased below the initial amount thereof set forth herein. Within five Business Days after making such determinations, the Company
shall distribute to each Member a notice setting forth: (A) the amount by which the Average Annual Level for such Fiscal Year exceeded the Base Level and (B) the calculations of any adjustments made to the Adjustable Amounts pursuant to this Section
8.13. Any adjustment made to the Adjustable Amounts pursuant to this Section 8.13 shall be effective as of January 1st of the next Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.14. <U>Company Leverage Policy.</U> The leverage policy for the Company shall be the leverage policy set forth on Schedule 8.14, with such
modifications, alterations or amendments thereto as the Board of Managers shall from time to time approve pursuant to a vote in accordance with Section 8.07(b) (such leverage policy, as so modified, altered or amended, is referred to herein as the
&#147;<U>Company Leverage Policy</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.15.
<U>Company&#146;s Investment Guidelines</U>. The Company&#146;s Senior Vice President-Finance and Commercial Services, Vice President-Finance and Controller and Treasurer (or Treasury Manager) shall constitute an Investment Policy Committee of the
Company and shall establish investment guidelines for the Company and its subsidiaries (such investment guidelines, as they may be modified, altered or amended by such Investment Policy Committee from time to time, are referred to herein as the
&#147;<U>Company Investment Guidelines</U>&#148;). The initial Company Investment Guidelines is set forth on Schedule 8.15. The Company and its subsidiaries shall only make investments that are permitted under the Company Investment Guidelines at
the time of such investments. In addition, the Company and its subsidiaries shall invest all Surplus Cash (after meeting daily cash requirements) in accordance with the Company Investment Guidelines. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.16. <U>Requirements as to Operating Leases.</U> The Company and its
subsidiaries shall not enter into any operating lease (as determined in accordance with Applicable GAAP) if the purpose or intent of entering into </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">62 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">such operating lease is to circumvent the Company Leverage Policy or the super majority voting requirement for Capital Expenditures of the Company set forth
in Section 8.08(f). The lease by the Company and its subsidiaries of vehicles, railcars and computers in accordance with the historical practices of the Ashland Business and the Marathon Business shall not be deemed to violate this Section 8.16,
provided, for the avoidance of doubt, that all Ordinary Course Lease Expenses related to any such leases shall be considered Ordinary Course Lease Expenses for the purposes of Section 8.08(f)(ii). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.17. <U>Limitations on Actions Relating to the Calculation of
Distributable Cash.</U> Notwithstanding anything to the contrary contained in this Agreement, the Company shall not, and shall cause its subsidiaries not to (a) modify, alter or amend the Company Investment Guidelines, (b) accelerate the payment of
the Company&#146;s and its subsidiaries&#146; accounts payable, (c) delay the collection of the Company&#146;s and its subsidiaries&#146; accounts receivable or (d) take any other action, if the purpose or intent of such action is to reduce the
amount of Distributable Cash in a manner that is inconsistent with the intent of the Members to maximize the amount of Distributable Cash distributions to the Members. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.18. <U>Reliance by Third Parties.</U> Persons dealing with the Company are entitled to rely conclusively upon the
power and authority of the Board of Managers herein set forth. Except as provided in this Agreement, neither the President, nor a Representative, nor any Member shall have any authority to bind the Company or any of its subsidiaries. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.19. <U>Integration of Retail Operations. </U>(a) Until the Critical
Decision is made regarding the location of the Company&#146;s retail operations&#146; headquarters, the Company&#146;s retail operations&#146; business shall have headquarters in both Enon, Ohio and Lexington, Kentucky. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) (i) The Company shall make a formal recommendation to
the Board of Managers with respect to each Critical Decision not later than the ten-month anniversary of the Closing Date. Following receipt of a formal recommendation with respect to any Critical Decision, Marathon and Ashland shall negotiate in
good faith to reach an agreement with respect to such Critical Decision not later than the first anniversary of the Closing Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">63 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Each formal recommendation with respect to any Critical Decision shall be
accompanied by a report on the business and economic analyses used by the Company to arrive at such recommendation, including but not limited to, a reasonably detailed description of the risks and benefits of the recommended decision and the
anticipated impact of the recommended decision on the Speedway and SuperAmerica brand images and business models. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Following receipt of any formal recommendation with respect to any Critical Decision, each Member may request, and the Company shall
promptly provide to both Members, such additional information and analyses (including studies by outside consultants) as such Member may reasonably request; <U>provided</U>, <U>however</U>, any additional information request shall not extend the
Critical Decision Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) If any Primary
Critical Decision shall not have been agreed by the Board of Managers pursuant to a vote in accordance with Section 8.07(b) prior to the first anniversary of the Closing Date, the Critical Decision Termination Date with respect to such Primary
Critical Decision shall be automatically, and without any further action required by either Member, the Company or the Board of Managers, extended until the fifteen-month anniversary of the Closing Date. During the period of such extension, the
Company shall provide promptly to each Member such additional information or analyses (including studies by outside consultants) as either Member shall reasonably request. Not later than 30 days prior to the fifteen-month anniversary of the Closing
Date, the Company shall, if requested by either Member, again make a formal recommendation to the Board of Managers with respect to such Primary Critical Decision. Such formal recommendation shall include a report on the supporting business and
economic analyses described in Section 8.19(b)(ii). Any request for additional information shall not extend the Critical Decision Termination Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Until such time as the implementation of any Critical Decision shall have been completed in all material respects, the President of the Company shall
report to the Board of Managers at each regular meeting of the Board of Managers on the implementation of such Critical Decision and on any material modifications or changes to such Critical Decision. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) To the extent there is any conflict between the terms and provisions of
this Agreement and the terms and provisions of the Retail Integration Protocol, the terms and provisions of this Agreement shall control. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">64 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IX </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Officers </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.01. (a) <U>Election, Appointment and Term of Office.</U> The executive officers of the Company (the &#147;<U>Executive Officers</U>&#148;) shall
consist solely of: a President; an Executive Vice President; an officer principally in charge of refining; an officer principally in charge of wholesale and branded marketing; the officer or officers (two initially) principally in charge of retail
marketing; an officer principally in charge of supply and transportation; an officer who shall be the Senior Vice President-Finance and Commercial Services of the Company; and an officer who shall be the general counsel of the Company;
<U>provided</U>, <U>however</U>, that Marathon and Ashland may make additions or deletions to the positions which shall be considered executive officers of the Company by mutual agreement. Schedule C sets forth a list of (i) the persons who Marathon
and Ashland have chosen to serve initially as the Executive Officers of the Company, (ii) the executive office for which each such person is to serve and (iii) whether each such person was designated by Marathon or Ashland. Marathon and Ashland
agree that the composition of the initial Executive Officers is intended to reflect their respective Percentage Interests in the Company. Accordingly, if any person identified on Schedule C is for any reason unable or unwilling to serve as an
Executive Officer at the Closing Date, the Member who designated such person shall have the right to designate a substitute person, subject to the right of the other Member to consent to such substitute nominee (which consent shall not be
unreasonably withheld). Marathon and Ashland shall cause their respective Representatives to promptly approve the appointment of each person listed on Schedule C to the related executive office position listed on Schedule C. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Except as otherwise determined by the Board of Managers, each Executive
Officer shall hold office until his or her death or until his or her earlier resignation or removal in the manner hereinafter provided. Except as otherwise expressly provided herein, the Executive Officers shall have such powers and duties in the
management of the Company as generally pertain to their respective offices as if the Company were a corporation governed by the General Corporation Law of the State of Delaware. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">65 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The Board of Managers may elect or appoint such other officers to assist and report to the Executive
Officers as it deems necessary. Subject to the preceding sentence, each such officer shall have such authority and shall perform such duties as may be provided herein or as the Board of Managers may prescribe. The Board of Managers may delegate to
any Executive Officer the power to choose such other officers and to prescribe their respective duties and powers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Except as otherwise determined by the Board of Managers, if additional officers are elected or appointed during the year pursuant to Section 9.01(c),
each such officer shall hold office until his or her death or until his or her earlier resignation or removal in the manner hereinafter provided. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.02. <U>Resignation, Removal and Vacancies.</U> (a) Any officer may resign at any time by giving written notice to the President or the Secretary
of the Company, and such resignation shall take effect at the time specified therein or, if the time when it shall become effective shall not be specified therein, when accepted by action of the Board of Managers. Except as aforesaid, the acceptance
of such resignation shall not be necessary to make it effective. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(b) All officers and agents elected or appointed by the Board of Managers shall be subject to removal at any time by the Board of Managers with or without cause. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Vacancies in all Executive Officer positions may only be filled by the majority vote of the Representatives on the Board
of Managers. In each instance where a vacant Executive Officer position is to be filled, Marathon, after consultation with the Company, shall first send Ashland a notice which discloses the name and details of the candidate for the vacant Executive
Officer position that the Representatives of Marathon will nominate and vote in favor of for such position. Ashland shall thereafter have the right, by notice to the Company and Marathon within ten days after receipt of such notice from Marathon, to
veto such candidate. Each candidate that Marathon proposes for a vacant Executive Officer position shall be a bona fide candidate who is willing and able to serve and who Marathon in good faith believes is qualified to fill such vacant Executive
Officer position (a &#147;<U>Qualified Candidate</U>&#148;). In the event Ashland exercises its veto with respect to a Qualified Candidate, the vacancy will be filled by the majority vote of the Representatives on the Board of Managers. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">66 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.03. <U>Duties and Functions of Executive Officers</U>. (a) <U>President.</U> The President of
the Company, who shall be a non-voting member of the Board of Managers, shall be in charge of the day-to-day operations of the Company and shall preside at all meetings of the Board of Managers and shall perform such other duties and exercise such
powers, as may from time to time be prescribed by the Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) <U>Executive Vice President.</U> The Executive Vice President of the Company initially shall report to the President and be the officer principally in charge of all supply, refining, marketing and transportation
operations of the Company other than the Company&#146;s retail operations. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Other Executive Officers.</U> The Executive Officers of the Company other than the President and the Executive Vice President shall perform such duties and exercise such powers, as may from time to time be
prescribed by the President or the Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE X
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Transfers of Membership Interests </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.01. <U>Restrictions on Transfers.</U> (a) <U>General.</U> Except
as expressly provided by this Article X, neither Member shall Transfer all or any part of its Membership Interests to any person without first obtaining the written approval of the other Member, which approval may be granted or withheld in its sole
discretion. Notwithstanding anything to the contrary contained in this Agreement, no Transfer by a Member of its Membership Interests to any person shall be made except to a permitted assignee under Article XV of the Put/Call, Registration Rights
and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Transfer by Operation of
Law.</U> In the event a Member shall be party to a merger, consolidation or similar business combination transaction with a third party or sell all or substantially all its assets to a third party, such Member may Transfer all (but not part) of its
Membership Interests to such third party; <U>provided</U>, <U>however</U>, that such Member shall not be permitted to Transfer its Membership Interests to such third party as aforesaid if the purpose or intent of such merger, consolidation, similar
business combination transaction or sale is to circumvent or avoid the application of Sections 10.01(c) and 10.04 to the Transfer of such Member&#146;s Membership Interests to such third party. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">67 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Transfer by Sale to Third Party.</U> At any time after December 31, 2002, a Member may sell all
(but not part) of its Membership Interests (and, in the case of Ashland, the Ashland LOOP/LOCAP Interest) to any person (other than a Transfer by operation of law pursuant to Section 10.01(b), a Transfer to a Wholly Owned Subsidiary pursuant to
Section 10.01(d) or a Transfer by Ashland to Marathon pursuant to Section 10.01(e)) if (i) it shall first have offered the other Member the opportunity to purchase such Membership Interests (and, in the case of Ashland, the Ashland LOOP/LOCAP
Interest) pursuant to the right of first refusal procedures set forth in Section 10.04, (ii) such sale is completed within the time periods specified in Section 10.04, (iii) the other Member shall have approved the purchaser of such Membership
Interests (and, in the case of Ashland, the Ashland LOOP/LOCAP Interest), which approval shall not be unreasonably withheld or delayed and (iv) it shall use its commercially reasonable best efforts to (A) terminate the outstanding Original Lease
underlying each of its Designated Sublease Agreements on or prior to the date of such Transfer and (B) contribute the related Subleased Property to the Company or one of its subsidiaries at no cost to the Company or such subsidiary on or prior to
the date of such Transfer; <U>provided</U>, <U>however</U>, that (i) such Member shall not be obligated to pay more than a reasonable amount as consideration therefor to, or make more than a reasonable financial accommodation in favor of, or
commence litigation against, a third party lessor with respect to any such underlying Original Lease in order to obtain any consent required from such lessor and (ii) any additional cost associated with exercising an option under the Original Lease
to purchase Subleased Property or to terminate the Original Lease shall be deemed not to constitute an obligation to pay more than a reasonable amount. In the event that such Member is unable to terminate an outstanding Original Lease in accordance
with this Section 10.02(b), then (i) the Company shall be entitled to continue to sublease the Subleased Property pursuant to the related Designated Sublease Agreement until the term of the Original Lease expires, (ii) the Member shall continue to
use its commercially reasonable best efforts to terminate the Original Lease and contribute the Subleased Property to the Company as provided above; <U>provided</U>, <U>however</U> that (A) such Member shall not be obligated to pay more than a
reasonable amount as consideration therefor to, or make more than a reasonable financial accommodation in favor of, or commence litigation against, a third party lessor with respect to any such Original Lease in order to obtain any consent required
from such lessor and (b) any additional cost associated with exercising an option under the Original Lease to purchase Subleased Property or to terminate the Original Lease shall </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">68 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">be deemed not to constitute an obligation to pay more than a reasonable amount and (iii) if such Member subsequently acquires fee title to the Subleased
Property, such Member shall contribute such Subleased Property to the Company or one of its subsidiaries at no cost to the Company or such subsidiary at such time. It is expressly understood and agreed that, in determining whether to reasonably
withhold its approval of a proposed purchaser of Marathon&#146;s Membership Interests pursuant to this Section 10.01(c), Ashland shall be entitled to consider the creditworthiness of such proposed purchaser, including whether such proposed purchaser
is likely to be able to perform all of Marathon&#146;s and USX&#146;s respective obligations under the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Transfer to Wholly Owned Subsidiary.</U> A Member may Transfer all (but not part) of its Membership Interests at any time to a Wholly Owned
Subsidiary of such Member if (i) such Member shall have received an opinion from nationally recognized tax counsel acceptable to both Members that such Transfer will not result in a termination of the status of the Company as a partnership for
Federal income tax purposes and (ii) the transferring Member enters into an agreement with the other Member providing that so long as such Wholly Owned Subsidiary holds such transferring Member&#146;s Membership Interests, such Wholly Owned
Subsidiary shall remain a Wholly Owned Subsidiary of such transferring Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(e) <U>Transfer Pursuant to Put/Call, Registration Rights and Standstill Agreement.</U> Ashland may Transfer all of its Membership Interests to Marathon in connection with the exercise by Marathon of its Marathon Call
Right or its Special Termination Right or the exercise by Ashland of its Ashland Put Right. In addition, Marathon may Transfer all of its Membership Interests to Ashland in connection with the exercise by Ashland of its Special Termination Right.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) <U>Consequences of Permitted Transfers.</U> (i) In
connection with any Transfer by a Member to a third party transferee pursuant to Section 10.01(b), (A) such third party transferee shall at the time of such Transfer become subject to all of such transferring Member&#146;s obligations hereunder and
shall succeed to all of such transferring Member&#146;s rights hereunder and (B) such transferring Member shall be relieved of all of its obligations hereunder other than with respect to any default hereunder by such transferring Member or any of
its Affiliates hereunder that occurred prior to the time of such Transfer. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">69 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) In connection with any Transfer by a Member to a third party transferee or to the
other Member pursuant to Section 10.01(c), (A) such third party transferee or such other Member shall at the time of such Transfer become subject to all of such transferring Member&#146;s obligations hereunder and shall succeed to all of such
transferring Member&#146;s rights hereunder and (B) such transferring Member shall at the time of such Transfer be relieved of all of its obligations hereunder other than with respect to any default hereunder by such transferring Member or any of
its Affiliates that occurred prior to the time of such Transfer. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(iii) In connection with any Transfer by a Member to a Wholly Owned Subsidiary of such Member pursuant to Section 10.01(d), (A) such Wholly Owned Subsidiary shall at the time of such Transfer become subject to all of
such Member&#146;s obligations hereunder and shall succeed to all of such Member&#146;s rights hereunder and (B) such Member shall not be relieved of its obligations hereunder without the prior written consent of the other Member, which consent
shall not be unreasonably withheld or delayed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(iv) In connection with any Transfer by Ashland to Marathon pursuant to Section 10.01(e), (A) Marathon shall at the time of such Transfer become subject to all of Ashland&#146;s obligations hereunder and shall succeed to all of
Ashland&#146;s rights hereunder and (B) Ashland shall at the time of such Transfer be relieved of all of its obligations hereunder other than with respect to any default hereunder by Ashland or any of its Affiliates that occurred prior to the
Exercise Date (as such term is defined in the Put/Call, Registration Rights and Standstill Agreement). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) In connection with any Transfer by Marathon to Ashland pursuant to Section 10.01(e), (A) Ashland shall at the time of such Transfer
become subject to all of Marathon&#146;s obligations hereunder and shall succeed to all of Marathon&#146;s rights hereunder and (B) Marathon shall at the time of such Transfer be relieved of all of its obligations hereunder other than with respect
to any default hereunder by Marathon or any of its Affiliates that occurred prior to the Special Termination Exercise Date (as such term is defined in the Put/Call, Registration Rights and Standstill Agreement). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">70 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vi) In connection with any Transfer by Ashland to a third party transferee pursuant to
Section 10.01(b), 10.01(c) or 10.01(d), such third party transferee shall at the time of such Transfer succeed to all of Ashland&#146;s veto rights under Section 9.02(c); <U>provided</U>, that if Ashland Transfers its Membership Interests to a third
party transferee pursuant to Section 10.01(c), such third party transferee shall not thereafter be permitted to transfer its veto rights under Section 9.02(c) to another third party transferee pursuant to Section 10.01(c). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vii) In connection with any Transfer by a Member to a third
party transferee pursuant to this Article X, such transferring Member shall retain all of the rights granted to a Member under Article VII to examine the books and records of the Company and to receive financial statements and reports prepared by
the Company until such time following such Transfer as such transferring Member ceases to have any liability under Article IX of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) <U>Consequences of an Unpermitted Transfer.</U> Any Transfer of a Member&#146;s Membership Interests made in violation
of the applicable provisions of this Agreement shall be void and without legal effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 10.02. <U>Conditions for Admission.</U> No transferee of all of the Membership Interests of any Member shall be admitted as a Member hereunder unless (a) such Membership Interests are Transferred to a person
in compliance with the applicable provisions of this Agreement, (b) such transferee shall have executed and delivered to the Company such instruments as the Board of Managers deems necessary or desirable in its reasonable discretion to effectuate
the admission of such transferee as a Member and to confirm the agreement of such transferee or recipient to be bound by all the terms and provisions of this Agreement with respect to the Membership Interests acquired by such transferee and (c) such
transferee shall have executed and delivered an assignment and assumption agreement pursuant to Section 15.04 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.03. <U>Allocations and Distributions.</U> Subject to applicable Treasury Regulations, upon the Transfer of all
the Membership Interests of a Member as herein provided, the Profit or Loss of the Company attributable to the Membership Interests so transferred for the Fiscal Year during which such Transfer occurs shall be </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">71 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">allocated between the transferor and transferee as of the date set forth on the written assignment, and such allocation shall be based upon any permissible
method agreed to by the Members that is provided for in Code Section 706 and the Treasury Regulations issued thereunder. Except as otherwise expressly provided in Section 5.01 of the Put/Call, Registration Rights and Standstill Agreement,
distributions shall be made to the holder of record of the Membership Interests on the date of distribution. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.04. <U>Right of First Refusal.</U> (a) If a Member (the &#147;<U>Selling Member</U>&#148;) shall desire to sell all (but not part) of its
Membership Interests (which, for purposes of this Section 10.04, shall be deemed to include, in the case of Ashland, the Ashland LOOP/LOCAP Interest) pursuant to Section 10.01(c), then the Selling Member shall give notice (the &#147;<U>Offer
Notice</U>&#148;) to the other Member, identifying the proposed purchaser from whom it has received a bona fide offer and setting forth the proposed sale price (which shall be payable only in cash or purchase money obligations secured solely by the
Membership Interests being sold) and the other material terms and conditions upon which the Selling Member is proposing to sell such Membership Interests to such proposed purchaser. No such sale shall encompass or be conditioned upon the sale or
purchase of any property other than such Membership Interests (other than, in the case of Ashland, the Ashland LOOP/LOCAP Interest). The other Member shall have 30 days from receipt of the Offer Notice to elect, by notice to the Selling Member, to
purchase the Membership Interests offered for sale on the terms and conditions set forth in the Offer Notice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) If a Member makes such election, the notice of election shall state a closing date not later than 60 days after the date of the Offer Notice. If such
Member breaches its obligation to purchase the Membership Interests of the Selling Member on the same terms and conditions as those contained in the Offer Notice after giving notice of its election to make such purchase (other than where such breach
is due to circumstances beyond such Member&#146;s reasonable control), then, in addition to all other remedies available, the Selling Member may, at any time for a period of 270 days after such default, sell such Membership Interests to any person
at any price and upon any other terms without further compliance with the procedures set forth in Section 10.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) If the other Member gives notice within the 30-day period following the Offer Notice from the Selling Member that it elects not to purchase the
Membership Interests, the Selling Member may, within 120 days after the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">72 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">end of such 30-day period (or 270 days in the case where such parties have received a second request under HSR), sell such Membership Interests to the
identified purchaser (subject to clause (iii) of Section 10.01(c)) on terms and conditions no less favorable to the Selling Member than the terms and conditions set forth in such Offer Notice. In the event the Selling Member shall desire to offer
the Membership Interests for sale on terms and conditions less favorable to it than those previously set forth in an Offer Notice, the procedures set forth in this Section 10.04 must again be initiated and applied with respect to the terms and
conditions as modified. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.05. <U>Restriction on
Resignation or Withdrawal.</U> Except in connection with a Transfer permitted pursuant to Section 10.01, neither Member shall resign or withdraw from the Company without the consent of the other Member. Any purported resignation or withdrawal from
the Company in violation of this Section 10.05 shall be null and void and of no force or effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XI </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><U>Liability, Exculpation and Indemnification </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 11.01. <U>Liability.</U> Except as otherwise provided by the Delaware Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities
of the Company, and no Covered Person shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Covered Person. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.02. <U>Exculpation.</U> (a) No Covered Person shall be liable to the Company or any other Covered Person for any
cost, expense, loss, damage, claim or liability incurred by reason of any act or omission performed or omitted by such Covered Person in such capacity, whether or not such person continues to be a Covered Person at the time of such cost, expense,
loss, damage, claim or liability is incurred or imposed, if the Covered Person acted in good faith and in a manner the Covered Person reasonably believed to be in or not opposed to the best interests of the Company, and if, with respect to any
criminal action or proceeding, such Covered Person had no reasonable cause to believe its conduct was unlawful, except that a Covered Person shall be liable for any such cost, expense, loss, damage, claim or liability incurred by reason of such
Covered Person&#146;s breach of Section 12.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">73 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) A Covered Person shall be fully protected in relying in good faith upon the records of the Company
and upon such information, opinions, reports or statements presented to the Company by any person as to any matters the Covered Person reasonably believes are within such other person&#146;s professional or expert competence and who has been
selected with reasonable care by or on behalf of the Company, including information, opinions, reports or statements as to the value and amount of the assets, liabilities, profits, losses, or any other facts pertinent to the existence and amount of
assets from which distributions to Members might properly be paid. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 11.03. <U>Indemnification.</U> (a) To the fullest extent permitted by Applicable Law, a Covered Person shall be entitled to indemnification from the Company for any reasonable cost and expense, loss, damage, claim or liability
incurred by such Covered Person in connection with any pending, threatened or completed claim, action, suit or proceeding by reason of being a Covered Person or by reason of any act or omission performed or omitted by such Covered Person in such
capacity, whether or not such person continues to be a Covered Person at the time such cost, expense, loss, damage, claim or liability is incurred or imposed, if the Covered Person (i) has been successful on the merits or otherwise with respect to
such claim, action, suit or proceeding, or (ii) acted in good faith and in a manner the Covered Person reasonably believed to be in or not opposed to the best interests of the Company, and if, with respect to any criminal action or proceeding, such
Covered Person had no reasonable cause to believe its conduct was unlawful, except that no Covered Person shall be entitled to be indemnified in respect of any such cost, expense, loss, damage, claim or liability incurred by such Covered Person by
reason of such Covered Person&#146;s breach of Section 12.02 with respect to such acts or omissions; <U>provided</U>, <U>however</U>, that any indemnity under this Section 11.03 shall be provided out of and to the extent of Company assets only, and
no Covered Person shall have any personal liability on account of such indemnification of any other Covered Person, and provided further that, in the case of officers, employees and agents of the Company, such right to indemnification shall be
subject to any further limitations or requirements that may be adopted by the Board of Managers, provided such limitations or requirements were adopted prior to the events that gave rise to the claim for indemnification. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Expenses incurred with respect to any claim, action, suit or proceeding
of the character described in Section 11.03(a) shall be advanced to a Covered Person by </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">74 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">the Company prior to the final disposition thereof, but the Covered Person shall be obligated to repay such advances if it is ultimately determined that the
Covered Person is not entitled to indemnification under Section 11.03(a). As a condition to advancing expenses hereunder, the Company may require the Covered Person to sign a written instrument acknowledging his obligation to repay any advances
hereunder if it is ultimately determined he is not entitled to such indemnity. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(c) Notwithstanding anything in this Section 11.03 to the contrary, no Covered Person shall be indemnified in respect of any claim, action, suit or proceeding initiated by such Covered Person or his personal or legal
representative, or which involved the voluntary solicitation or intervention of such person or his personal or legal representative (other than an action to enforce indemnification rights hereunder or any action initiated with the approval of a
majority of the Board of Managers). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) The rights of
indemnification provided in this Section 11.03 shall be in addition to any other rights to which any Covered Person may otherwise be entitled to by contract or otherwise; and in the event of any Covered Person&#146;s death, such rights shall extend
to such Covered Person&#146;s heirs and personal representatives. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">ARTICLE XII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Fiduciary Duties </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 12.01. <U>Duties and Liabilities of Covered Persons.</U> To the
extent that, at law or in equity, a Covered Person has duties (including fiduciary duties) and liabilities relating thereto to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the
Company or to any other Covered Person for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent that they expand or restrict the duties and liabilities of a Covered Person otherwise existing at
law or in equity, are agreed by the parties hereto to replace such other duties and liabilities of such Covered Person. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 12.02. <U>Fiduciary Duties of Members of the Company and Members of the Board of Managers.</U> Each Member and each member of the Board of
Managers shall have the fiduciary duties of loyalty and care (similar to the fiduciary duties of loyalty and care of directors of a business corporation governed by the General Corporation Law </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">75 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">of the State of Delaware) to the Company and all of the Members. Notwithstanding any provision of this Agreement to the contrary, each Member and each member
of the Board of Managers agrees to and shall exercise good faith, fairness and loyalty to the Company and to all of the Members, and shall make all decisions in a manner that such Member or such member of the Board of Managers reasonably believes to
be in the best interest of the Company and all of the Members. Notwithstanding the foregoing, this Section 12.02 is not intended to limit a Member&#146;s ability to exercise or enforce any of its rights and remedies under this Agreement and the
other Transaction Documents in good faith, including, without limitation, Article IX of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Dispute Resolution Procedures </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 13.01. <U>General.</U> All controversies, claims or disputes between the Members or between the Company and either Member that arise out of or relate to this Agreement or the construction, interpretation,
performance, breach, termination, enforceability or validity of this Agreement, or the commercial, economic or other relationship of the parties hereto, whether such claim is based on rights, privileges or interests recognized by or based upon
statute, contract, tort, common law or otherwise and whether such claim existed prior to or arises on or after January 1, 1998 (a &#147;<U>Dispute</U>&#148;) shall be resolved in accordance with the provisions of this Article XIII (except as
otherwise expressly provided in Sections 6.06 and 6.08). Notwithstanding anything to the contrary contained in this Article XIII, nothing in this Article XIII shall limit the ability of the directors and officers of either Member from communicating
directly with the directors and officers of the other Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 13.02. <U>Dispute Notice and Response.</U> Either Member may give the other Member written notice (a &#147;<U>Dispute Notice</U>&#148;) of any Dispute which has not been resolved in the normal course of business. Within fifteen
Business Days after delivery of the Dispute Notice, the receiving Member shall submit to the other Member a written response (the &#147;<U>Response</U>&#148;). The Dispute Notice and the Response shall each include (i) a statement setting forth the
position of the Member giving such notice, a summary of the arguments supporting such position and, if applicable, the relief sought and (ii) the name and title of a senior manager of such Member who has authority to settle the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">76 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Dispute and will be responsible for the negotiations related to the settlement of the Dispute (the &#147;<U>Senior Manager</U>&#148;). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.03. <U>Negotiation Between Senior Managers.</U> (a) Within 10 days
after delivery of the Response provided for in Section 13.02, the Senior Managers of both Members shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, and shall
negotiate in good faith to attempt to resolve the Dispute that is the subject of such Dispute Notice. If such Dispute has not been resolved within 45 days after delivery of the Dispute Notice, then the Members shall attempt to settle the Dispute
pursuant to Section 13.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) All negotiations between the
Senior Managers pursuant to this Section 13.03 shall be treated as compromise and settlement negotiations. Nothing said or disclosed, nor any document produced, in the course of such negotiations which is not otherwise independently discoverable
shall be offered or received as evidence or used for impeachment or for any other purpose in any current or future arbitration or litigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.04. <U>Negotiation Between Chief Executive Officer and President.</U> (a) If the Dispute has not been resolved by negotiation between the
Senior Managers pursuant to Section 13.03, then within 10 Business Days after the expiration of the 45 day period provided in Section 13.03, the Chief Executive Officer of Ashland and the President of Marathon shall meet or communicate by telephone
at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, and shall negotiate in good faith to attempt to resolve the Dispute that is the subject of such Dispute Notice. If such Dispute has not been resolved
within 20 Business Days after the expiration of the 45 day period provided in Section 13.03, then (i) if the Dispute relates solely to (A) a claim by a Member or the Board of Managers that the other Member has failed to pay the Company a Designated
Sublease Amount or an amount in respect of a Member-Funded Capital Expenditure, a Member-Funded Indemnity Expenditure or an Agreed Additional Capital Contribution required to be made by it pursuant to Section 4.02 (a &#147;<U>Disputed Capital
Contribution Amount</U>&#148;), (B) the determination of any of the following amounts with respect to any period: distributions pursuant to Article V; the Aggregate Tax Rate; Adjusted DD&amp;A; Adjusted EBITDA; EBITDA; Distributable Cash; the
Average Annual Level and adjustments to Adjustable Amounts; the Normal Annual Capital Budget Amount; Ordinary Course Lease Expenses; Profit and Loss; the Tax Distribution </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">77 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Amount; the Tax Liability of any Member; and the determination of fair market value of property distributed in kind under Section 15.03, (C) the resolution
of any dispute arising under Section 8.11(b) with respect to Affiliate Transactions or (D) the resolution of any dispute arising under Section 8.12 with respect to certain Affiliate Transactions related to Crude Oil Purchases and Shared Services
(any Dispute relating to any of the matters set forth in clause (A), (B), (C) or (D) above being referred to herein as an &#147;<U>Arbitratable Dispute</U>&#148;), such Dispute shall be settled pursuant to the arbitration procedures set forth in
Appendix B and (ii) if the Dispute does not relate primarily to an Arbitratable Dispute, each party hereto shall be permitted to take such actions at law or in equity as it is otherwise permitted to take or as may be available under Applicable Law.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) All negotiations between the Chief Executive Officer of
Ashland and the President of Marathon pursuant to this Section 13.04 shall be treated as compromise and settlement negotiations. Nothing said or disclosed, nor any document produced, in the course of such negotiations which is not otherwise
independently discoverable shall be offered or received as evidence or used for impeachment or for any other purpose in any current or future arbitration or litigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.05. <U>Right to Equitable Relief Preserved.</U> Notwithstanding anything in this Agreement or Appendix B to the
contrary, either Member or the Company may at any time seek from any court of the United States located in the State of Delaware or from any Delaware state court, any interim, provisional or injunctive relief that may be necessary to protect the
rights or property of such party or maintain the status quo before, during or after the pendency of the negotiation process or the arbitration proceeding or any other proceeding contemplated by Section 13.03 or 13.04. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIV </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Rights and Remedies with Respect to Monetary Disputes </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.01. <U>Ability of Company to Borrow to Fund Disputed Monetary Amounts.</U> (a) If the Company or a Member on
behalf of the Company (a &#147;<U>Non-Delinquent Member</U>&#148;) claims that the other Member (a &#147;<U>Delinquent Member</U>&#148;) owes the Company a monetary amount in respect of either (i) a Disputed Capital Contribution Amount or (ii) an
indemnification obligation under Article IX of the Asset Transfer and Contribution Agreement that the Company or the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">78 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Non-Delinquent Member claims the Delinquent Member owes the Company and is either (A) past due or (B) in dispute (a &#147;<U>Disputed Indemnification
Amount</U>&#148;) (each such claim described in clauses (i) and (ii) above being a &#147;<U>Monetary Dispute</U>&#148;, and each such claimed amount being a &#147;<U>Disputed Monetary Amount</U>&#148;), and if (1) the Disputed Monetary Amount
itself, or when added together all other Disputed Monetary Amounts, exceeds $7.5 million; (2) the Board of Managers (by vote of a majority of the Representatives of the Non-Delinquent Member at a special or regular meeting of the Board of Managers
(which majority shall constitute a quorum for purposes of the transaction of such business)) has determined that an out-of-pocket disbursement of such Disputed Monetary Amount or any portion thereof by the Company or one of its subsidiaries within
the next twelve months is reasonably necessary for the operation and conduct of the Company&#146;s Business and, accordingly, that such amount should be paid within the next twelve months; (3) the aggregate amount of all Disputed Monetary Amounts
(or portions thereof) that the Board of Managers shall have determined pursuant to clause (2) above should be paid within the next twelve months (such aggregate amount being the &#147;<U>Additional Required Cash Amount</U>&#148;) exceeds $7.5
million; (4) postponement by the Company or such subsidiary of such disbursement until such time as the Monetary Dispute is reasonably likely to be finally resolved pursuant to an arbitration proceeding in accordance with Appendix B to this
Agreement or Appendix B to the Asset Transfer and Contribution Agreement, as applicable (an &#147;<U>Arbitration Proceeding</U>&#148;), would have, or would reasonably be expected to have, a Material Adverse Effect on the Company&#146;s Business;
and (5) the Delinquent Member has not paid the Company the Disputed Monetary Amount pursuant to Section 14.02 or otherwise, then the Board of Managers (by vote of a majority of the Representatives of the Non-Delinquent Member at a special or regular
meeting of the Board of Managers (which majority shall constitute a quorum for purposes of the transaction of such business)) shall be permitted to cause the Company to incur an amount of Indebtedness equal to such Additional Required Cash Amount,
which Indebtedness may be borrowed from a third party or the Non-Delinquent Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) If the Non-Delinquent Member lends the Company the Additional Required Cash Amount pursuant to Section 14.01(a), then (i) the amount actually lent by the Non-Delinquent Member (the &#147;<U>Advanced
Amount</U>&#148;) and all accrued interest thereon shall be due and payable on the Arbitration Payment Due Date (<U>provided</U> that the Company shall be permitted to prepay the Advanced Amount in whole or in part at any time prior to such date);
and (ii) the Advanced Amount shall bear interest at the Base Rate from </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">79 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">the date on which such advance is made until the date that the Advanced Amount, together with all interest accrued thereon, is repaid to the Non-Delinquent
Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.02. <U>Interim Payment of Disputed Monetary
Amount.</U> In order to reduce the amount of liquidated damages that a Delinquent Member would be required to pay to the Company pursuant to Section 14.03 in the event that such Delinquent Member loses in an Arbitration Proceeding with respect to a
Monetary Dispute, the Delinquent Member shall be permitted to pay the Company the related Disputed Monetary Amount prior to the commencement of such Arbitration Proceeding. The Arbitration Tribunal or Sole Arbitrator, as applicable, shall not take
into consideration in determining the liability of the Delinquent Member, a decision by such Delinquent Member to pay the Disputed Monetary Amount prior to the commencement of the Arbitration Proceeding. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.03. <U>Liquidated Damages.</U> (a) <U>No Interim Payment of
Disputed Monetary Amount&#151;Delinquent Member is Found Liable for Final Monetary Amount.</U> If (i) it is finally determined in an Arbitration Proceeding that a Delinquent Member owes the Company a monetary amount in respect of (A) a Disputed
Capital Contribution Amount or (B) a Disputed Indemnification Amount (each such finally determined amount being a &#147;<U>Final Monetary Amount</U>&#148;) and (ii) the Delinquent Member had not paid the Company the Disputed Monetary Amount prior to
the commencement of such Arbitration Proceeding pursuant to Section 14.02, then the Delinquent Member shall promptly, and in any event on or before the tenth Business Day following the date on which the Arbitration Tribunal or Sole Arbitrator makes
its final determination (such tenth Business Day being the &#147;<U>Arbitration Payment Due Date</U>&#148;), pay to the Company (A) the Final Monetary Amount, together with interest, accrued from the commencement of the Arbitration Proceeding to the
date that the Delinquent Member pays the Final Monetary Amount to the Company, on the Final Monetary Amount, at a rate per annum equal to (1) during the period from the commencement of the Arbitration Proceeding to the Arbitration Payment Due Date,
the Prime Rate and (2) at any time thereafter, 150% of the Prime Rate, in each case, with daily accrual of interest, plus (B) an amount equal to 25% of the Final Monetary Amount. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Interim Payment of Disputed Monetary Amount&#151;Delinquent Member is Found Liable for the Same Amount.</U> If (i) it
is finally determined in an Arbitration Proceeding that a Delinquent Member owes the Company a Final Monetary Amount, (ii) the Final Monetary Amount is equal to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">80 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Disputed Monetary Amount and (iii) the Delinquent Member had paid the Company the Disputed Monetary Amount prior to the commencement of such Arbitration
Proceeding pursuant to Section 14.02, then if the Final Monetary Amount is equal to the Disputed Monetary Amount, the Delinquent Member shall not owe the Company any other amount in respect of the Monetary Dispute. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Interim Payment of Disputed Monetary Amount&#151;Delinquent Member is
Found Liable for a Greater Amount.</U> If (i) it is finally determined in an Arbitration Proceeding that a Delinquent Member owes the Company a Final Monetary Amount, (ii) the Final Monetary Amount is greater than the Disputed Monetary Amount and
(iii) the Delinquent Member had paid the Company the Disputed Monetary Amount prior to the commencement of such Arbitration Proceeding pursuant to Section 14.02, then the Delinquent Member shall promptly, and in any event on or before the
Arbitration Payment Due Date, pay to the Company an amount (an &#147;<U>Additional Monetary Amount</U>&#148;) equal to (A) the Final Monetary Amount less (B) the Disputed Monetary Amount, together with interest, accrued from the commencement of the
Arbitration Proceeding to the date that the Delinquent Member pays the Additional Monetary Amount to the Company, on the Additional Monetary Amount, at a rate per annum equal to (1) during for the period from the commencement of the Arbitration
Proceeding to the Arbitration Payment Due Date, the Prime Rate and (2) at any time thereafter, 150% of the Prime Rate, in each case, with daily accrual of interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Interim Payment of Disputed Monetary Amount&#151;Delinquent Member is Found Liable for a Lesser Amount.</U> If (i) it
is finally determined in an Arbitration Proceeding that a Delinquent Member owes the Company a Final Monetary Amount, (ii) the Final Monetary Amount is less than the Disputed Monetary Amount and (iii) the Delinquent Member had paid the Company the
Disputed Monetary Amount prior to the commencement of such Arbitration Proceeding, then the Company shall promptly, and in any event on or before the Arbitration Payment Due Date, repay to the Delinquent Member an amount (a &#147;<U>Refundable
Amount</U>&#148;) equal to (A) the Disputed Monetary Amount less (B) the Final Monetary Amount, together with interest, accrued from the commencement of the Arbitration Proceeding to the date that the Company repays the Refundable Amount to the
Delinquent Member, on the Refundable Amount, at a rate per annum equal to (1) during the period from the commencement of the Arbitration Proceeding to the Arbitration Payment Due Date, the Prime Rate and (2) at any time thereafter, 150% of the Prime
Rate, in each case, with daily accrual of interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">81 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Interim Payment of Disputed Monetary Amount&#151;Delinquent Member is Found Not Liable for
Disputed Monetary Amount.</U> If (i) it is finally determined in an Arbitration Proceeding that a Delinquent Member does not owe the Company the related Disputed Monetary Amount and (ii) the Delinquent Member had paid the Company the Disputed
Monetary Amount prior to the commencement of such Arbitration Proceeding, then the Company shall promptly, and in any event on or before the Arbitration Payment Due Date, repay to the Delinquent Member an amount equal to the Disputed Monetary
Amount, together with interest, accrued from the commencement of the Arbitration Proceeding to the date that the Company repays the Disputed Monetary Amount to the Delinquent Member, on the Disputed Monetary Amount, at a rate per annum equal to (A)
during the period from the commencement of the Arbitration Proceeding to the Arbitration Payment Due Date, the Prime Rate and (B) at any time thereafter, 150% of the Prime Rate, in each case, with daily accrual of interest. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.04. <U>Right of Set-Off.</U> Notwithstanding any provision to the
contrary contained in this Agreement, if at the time of a Distribution Date a Delinquent Member has failed to pay the Company an amount that it was required pursuant to Section 14.03 to pay to the Company on or before such Distribution Date, then on
such Distribution Date, the Company shall be permitted to set off from the distribution that it would otherwise be required to make to such Delinquent Member pursuant to Section 5.01 on such Distribution Date, an amount equal to such unpaid amount.
If the amount of the distribution that such Delinquent Member was otherwise entitled to receive pursuant to Section 5.01 on such Distribution Date is less than the aggregate amount that such Delinquent Member owes to the Company pursuant to Section
14.03, then the Company shall be permitted to set off from subsequent distributions that it would otherwise make to such Delinquent Member pursuant to Section 5.01 the remaining unpaid amount until such time as such remaining unpaid amount shall
have been paid in full. A Delinquent Member&#146;s interest in distributions to be made to such Delinquent Member pursuant to Section 5.01 shall be reduced by any amount set off by the Company against such distributions pursuant to this Section
14.04(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.05. <U>Security Interest.</U> (a) Each
Member hereby agrees that if (i) it has failed to pay the Company an amount that it was required to pay to the Company pursuant to Section 14.03 on or prior to the related Arbitration Payment Due Date, and (ii) the Board of Managers (by vote of a
majority of the Representatives of the other Member at a special or regular meeting of the Board of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">82 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Managers (which majority shall constitute a quorum for purposes of the transaction of such business) so requests, such Member shall (A) on the Business Day
next following such Arbitration Payment Due Date, grant to the Company, as security for the performance of its obligation to pay the Company such amount owed (but for no other amount), a first priority security interest in its Membership Interests
and the proceeds thereof (a &#147;<U>Security Interest</U>&#148;), all under the Uniform Commercial Code of the State of Delaware and (ii) promptly thereafter, execute and deliver to the Company all financing statements and other instruments that
the Board of Managers (by vote of a majority of the Representatives of the other Member at a special or regular meeting of the Board of Managers (which majority shall constitute a quorum for purposes of the transaction of such business)) may request
to effectuate and carry out the preceding provisions of this Section 14.05(a). The Company shall be entitled to all the rights and remedies of a secured party under the Uniform Commercial Code of the State of Delaware with respect to any Security
Interest granted by such Member. At the option of the Company, this Agreement or a carbon, photographic, or other copy hereof may serve as a financing statement with respect to any such Security Interest. For purposes of perfecting a Security
Interest, a Member&#146;s Membership Interests shall be deemed to be a &#147;security&#148; governed by Chapter 8 of the Delaware Uniform Commercial Code and as such term is therein defined in Section 8-102(c) thereunder. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) If the Company incurs Indebtedness pursuant to Section 14.01 by borrowing
from a Non-Delinquent Member, the Company shall be permitted to assign all its rights with respect to a Security Interest granted to it pursuant to Section 14.05(a) to such Non-Delinquent Member as security for such Indebtedness; <U>provided</U>
that such Non-Delinquent Member shall not be permitted to assign such Security Interest to a third party. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XV </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><U>Dissolution and Termination </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.01.
<U>Dissolution.</U> The Company shall be dissolved and its business and affairs wound up upon the earliest to occur of any one of the following events: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) the expiration of the Term of the Company; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) the sale or other disposition of all or substantially all the property of the Company; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">83 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) the written consent of both Members; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) the unanimous agreement of all Representatives on the
Board of Managers; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) the bankruptcy,
involuntary liquidation or dissolution of either Member; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(f) the entry of a decree of judicial dissolution pursuant to Section 18-802 of the Delaware Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The bankruptcy, involuntary liquidation of dissolution of a Member shall cause a Member to cease to be a member of the Company. Notwithstanding the foregoing, the Company
shall not be dissolved and its business and affairs shall not be wound up upon the occurrence of any event specified in (i) clause (e) above if within 90 days after the date on which such event occurs, the remaining Member elects in writing to
continue the business of the Company or (ii) clause (a) above if a Non-Terminating Member purchases the Membership Interests of the Terminating Member pursuant to its Special Termination Right. Except as provided in this paragraph and Section
15.01(e), and to the fullest extent permitted by the Delaware Act, the occurrence of an event that causes a Member to cease to be a member of the Company shall not cause the Company to be dissolved or its business or affairs to be wound up, and upon
the occurrence of such an event, the business of the Company shall continue without dissolution. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.02. <U>Winding Up of Company.</U> Upon dissolution, the Company&#146;s business shall be liquidated in an orderly manner. The Board of Managers
shall act as the liquidating trustee (unless the Board of Managers elects to appoint a liquidating trustee) to wind up the affairs of the Company pursuant to this Agreement. In performing its duties, the liquidating trustee is authorized to sell,
distribute, exchange or otherwise dispose of the assets of the Company in accordance with the Delaware Act and in any reasonable manner that the liquidating trustee shall determine to be in the best interest of the Members or their
successors-in-interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.03. <U>Distribution of
Property.</U> In the event the Board of Managers determines that it is necessary in connection with the liquidation of the Company to make a distribution of property in kind, such property shall be transferred and conveyed to the Members so as to
vest in each of them as a tenant in common an undivided interest in the whole of such property equal to their interests in the property based upon the amount of cash that would be </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">84 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">distributed to each of the Members in accordance with Article V if such property were sold for an amount of cash equal to the fair market value of such
property, as determined and approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.04. <U>Time Limitation.</U> Any liquidating distribution pursuant to this Article XV shall be made no later than the later of (a) the end of
the taxable year during which such liquidation occurs and (b) 90 days after the date of such liquidation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.05. <U>Termination of Company.</U> The Company shall terminate when all assets of the Company, after payment of or due provision for all debts,
liabilities and obligations of the Company, shall have been distributed to the Members in the manner provided for in this Agreement, and the Certificate of Formation shall have been canceled in the manner provided by the Delaware Act. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XVI </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Miscellaneous </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.01. <U>Notices.</U> Any notice, consent or approval to be given under this Agreement shall be in writing and shall be deemed to have been given
if delivered: (i) personally by a reputable courier service that requires a signature upon delivery; (ii) by mailing the same via registered or certified first-class mail, postage prepaid, return receipt requested; or (iii) by telecopying the same
with receipt confirmation (followed by a first-class mailing of the same) to the intended recipient. Any such writing will be deemed to have been given: (a) as of the date of personal delivery via courier as described above; (b) as of the third
calendar day after depositing the same into the custody of the postal service as evidenced by the date-stamped receipt issued upon deposit of the same into the mails as described above; and (c) as of the date and time electronically transmitted in
the case of telecopy delivery as described above, in each case addressed to the intended party at the address set forth below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">To the Board of Managers: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Marathon Ashland Petroleum LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">539 South
Main Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Findlay, Ohio 45840 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Attn: General Counsel </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Phone: (419) 422-2121 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
FACE="Times New Roman" SIZE="2">Fax: (419) 421-4115 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">85 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">To Marathon: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Marathon Oil Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">5555 San Felipe
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">P.O. Box 3128 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Houston, TX
77056-2723 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Attn: General Counsel </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Phone: (713) 296-4137 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Fax: (713) 296-4171 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">To Ashland: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Ashland Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">50 E. RiverCenter Boulevard
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">P.O. Box 391 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Covington, KY
41012-0391 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Attn: General Counsel </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Phone: (606) 815-4711 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Fax: (606) 815-3823 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Any party may designate different addresses or telecopy numbers by notice to the other parties. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.02. <U>Merger and Entire Agreement.</U> This Agreement (including the Exhibits, Schedules and Appendices attached
hereto), together with the other Transaction Documents (including the exhibits, schedules and appendices thereto) and certain other agreements executed contemporaneously with the Master Formation Agreement constitutes the entire Agreement of the
parties hereto and supersedes any prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.03. <U>Assignment.</U> A party hereto shall not assign all or any
of its rights, obligations or benefits under this Agreement to any third party otherwise than (i) in connection with a Transfer of its Membership Interests pursuant to Article X, (ii) with the prior written consent of the other party hereto, which
consent may be withheld in such party&#146;s sole discretion, (iii) the granting by a Member of a Security Interest to the Company pursuant to Section 14.05 or (iv) pursuant to Article V of the Put/Call, Registration Rights and Standstill Agreement,
and any attempted assignment not in compliance with this Section 16.03 shall be void <U>ab</U> <U>initio</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">86 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.04. <U>Parties in Interest.</U> This Agreement shall inure to the benefit of, and be binding
upon, the parties hereto and their respective successors, legal representatives and permitted assigns. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.05. <U>Counterparts.</U> This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.06.
<U>Amendment; Waiver.</U> This Agreement may not be amended except in a written instrument signed by each of the parties hereto and expressly stating it is an amendment to this Agreement. Any failure or delay on the part of any party hereto in
exercising any power or right hereunder shall not operate as a waiver thereof, nor shall any single or partial exercise of any such right or power preclude any other or further exercise thereof or the exercise of any other right or power hereunder
or otherwise available at law or in equity. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.07.
<U>Severability.</U> If any term, provision, covenant, or restriction of this Agreement or the application thereof to any person or circumstance, at any time or to any extent, is held by a court of competent jurisdiction or other Governmental
Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement (or the application of such provision in other jurisdictions or to persons or circumstances other than those to
which it was held invalid or unenforceable) shall in no way be affected, impaired or invalidated, and to the extent permitted by Applicable Law, any such term, provision, covenant or restriction shall be restricted in applicability or reformed to
the minimum extent required for such to be enforceable. This provision shall be interpreted and enforced to give effect to the original written intent of the parties hereto prior to the determination of such invalidity or unenforceability.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>SECTION 16.08. <U>GOVERNING LAW.</U> THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH SECTION 18-1101 OF THE DELAWARE ACT. ANY
RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM OR PROCEEDING RELATED TO OR ARISING OUT OF THIS AGREEMENT, OR ANY TRANSACTION OR CONDUCT IN CONNECTION HEREWITH, IS WAIVED. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">87 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.09. <U>Enforcement.</U> The parties hereto agree that irreparable damage would occur in the
event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties hereto shall be entitled to an injunction or injunctions to prevent
breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the Delaware Chancery Court; <U>provided</U> that if the Delaware Chancery Court does not have jurisdiction with respect to such matter, the parties
hereto shall be entitled to enforce specifically the terms and provisions of this Agreement in any court of the United States located in the State of Delaware or in Delaware state court, this being in addition to any other remedy to which they are
entitled at law or in equity. In addition, each of the parties hereto (i) consents to submit itself to the personal jurisdiction of the Delaware Chancery Court in the event that any dispute arises out of this Agreement or any of the transactions
contemplated by this Agreement; <U>provided</U> that if the Delaware Chancery Court does not have jurisdiction with respect to any such dispute, such party consents to submit itself to the personal jurisdiction of any Federal court located in the
State of Delaware or any Delaware state court, (ii) agrees to appoint and maintain an agent in the State of Delaware for service of legal process, (iii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other
request for leave from any such court, (iv) agrees that it will not plead or claim in any such court that any action relating to this Agreement or any of the transactions contemplated by this Agreement in any such court has been brought in an
inconvenient forum and (v) agrees that it will not initiate any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than (1) the Delaware Chancery Court, or (2)if the Delaware Chancery Court
does not have jurisdiction with respect to such action, a Federal court sitting in the State of Delaware or a Delaware state court. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.10. <U>Creditors.</U> None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or of
any Member. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.11. <U>No Bill for Accounting.</U> In
no event shall either Member have any right to file a bill for an accounting or any similar proceeding. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.12. <U>Waiver of Partition.</U> Each Member hereby waives any right to partition of the Company property. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">88 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.13. <U>Table of Contents, Headings and Titles.</U> The table of contents and section headings
of this Agreement and titles given to Exhibits and Schedules to this Agreement are for reference purposes only and are to be given no effect in the construction or interpretation of this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.14. <U>Use of Certain Terms; Rules of Construction.</U> As used in
this Agreement, the words &#147;<U>herein</U>&#148;, &#147;<U>hereof</U>&#148; and &#147;<U>hereunder</U>&#148; and other words of similar import refer to this Agreement as a whole and not to any particular paragraph, subparagraph, section,
subsection or other subdivision. Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural
and vice versa. Each party hereto agrees that any rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation or construction of this Agreement or any Transaction
Document. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.15. <U>Holidays.</U> Notwithstanding any
deadline for payment, performance, notice or election under this Agreement, if such deadline falls on a date that is not a Business Day, then the deadline for such payment, performance, notice or election will be extended to the next succeeding
Business Day. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.16. <U>Third Parties.</U> Nothing
herein expressed or implied is intended or shall be construed to confer upon or give any person and their respective successors, legal representatives and permitted assigns any rights, remedies or basis for reliance upon, under or by reason of this
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.17. <U>Liability for Affiliates.</U>
Except where and to the extent that a contrary intention otherwise appears, where a Member undertakes to cause its Affiliates to take or abstain from taking any action, such undertaking shall mean (i) in the case of any Affiliate that is controlled
by such Member, that such Member shall cause such Affiliate to take or abstain from taking such action and (ii) in the case of an Affiliate that controls or is under common control with such Member, that such Member shall use its commercially
reasonable best efforts to cause such Affiliates to take or abstain from taking such action; <U>provided</U>, <U>however</U>, that such Member shall not be required to violate, or cause any director of such Affiliate to violate, any fiduciary duty
to minority shareholders of such Affiliate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">89 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, this Agreement has been duly executed by the Members as of the day and year first
above written. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">MARATHON OIL COMPANY</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">by</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;V. G. B<SMALL>EGHNI&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Victor G. Beghini</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>President</B></FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">ASHLAND INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">by</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;P<SMALL>AUL</SMALL> W. C<SMALL>HELLGREN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>

<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Paul W. Chellgren</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Chairman of the Board and Chief Executive Officer</B></FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">90 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">APPENDIX A </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">DEFINITION OF TERMS </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following terms shall have the following meanings wherever they appear in a Transaction Document (as hereinafter defined) and such meanings shall be
equally applicable to both the singular and the plural forms of the terms herein defined. References herein to an agreement, instrument or document shall, unless otherwise expressly provided, include such agreement, instrument or document as the
same may be amended, modified or supplemented from time to time in accordance with its terms and as permitted by the Transaction Documents and shall include the permitted successors to, and assigns of, any Person. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Addendum and Joinder</U>&#148; shall mean the Addendum and Joinder to the Asset
Transfer and Contribution Agreement in substantially the form attached as Exhibit W to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliate</U>&#148; shall mean, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is
controlled by or is under common control with, the Person in question; provided, however, that unless otherwise indicated, neither the Company nor any of its subsidiaries shall be considered an Affiliate of Marathon, USX or Ashland. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliated Ashland Group</U>&#148; shall have the meaning set forth in Section
6.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliated
Marathon Group</U>&#148; shall have the meaning set forth in Section 5.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Applicable GAAP</U>&#148; shall have the meaning set forth in Section 1.02 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Applicable Law</U>&#148; shall mean any applicable statute, law, regulation, ordinance, rule, judgment, rule of law, order, decree,
permit, approval, concession, grant, franchise, license, agreement, 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. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland</U>&#148; shall mean Ashland Inc., a Kentucky corporation, or its successor. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Asset Leases</U>&#148; shall have the meaning set forth in Section 3.1(g) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Asset Transfer and Contribution
Agreement Disclosure Letter</U>&#148; shall mean the letter from Ashland to Marathon and the Company dated the date of and relating to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Assumed Liabilities</U>&#148; shall have the meaning set forth in Section 3.3 of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Benefit Plan</U>&#148; shall mean every Employee
Benefit Plan sponsored, maintained, or contributed to, or required to be contributed to, by Ashland, or any ERISA Affiliate of Ashland, for the benefit of current or former employees of Ashland&#146;s Business in the United States. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Chemical Product Sale Agreement</U>&#148; shall mean the Ashland Chemical
Product Sale Agreement in substantially the form attached as Exhibit P to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Commercial Affiliates</U>&#148; shall have the meaning set forth in Section 4.1 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Consent Decrees</U>&#148; shall mean any consent decrees, consent orders,
agreed orders, notices of violation, judgments, decrees or similar orders or obligations entered into prior to Closing or relating to any investigations of which Ashland had received notice from the appropriate Governmental Authority prior to
Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Contracts</U>&#148; shall have the meaning set forth
in Section 3.1(o) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Designated Sublease Agreements</U>&#148; shall mean the Ashland Sublease Agreements in substantially the forms attached as Exhibit L to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Designated UST Environmental Contamination</U>&#148; shall mean any
Environmental Contamination associated with, or discovered as part of, Ashland&#146;s 1998 underground storage tank upgrade program at the Ashland Service Stations set forth on Schedule 9.1(c) to the Ashland Asset Transfer and Contribution Agreement
Disclosure Letter under the heading &#147;Ashland Designated UST Environmental Contamination.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Environmental Loss</U>&#148; shall mean any Environmental Loss to the extent arising out of, based on, or occurring in connection with Ashland&#146;s Business prior to Closing or related to the
ownership, use, operation or maintenance of, or related to the reporting practices associated with, the Ashland Transferred Assets prior to Closing, whether or not Asserted prior to Closing. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Excluded Assets</U>&#148; shall have the meaning set forth in Section 3.2 of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Excluded Liabilities</U>&#148; shall
have the meaning set forth in Section 3.4 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Excluded Taxes</U>&#148; shall have the meaning set forth in Section 3.3(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Financial Statements</U>&#148; shall have the meaning set forth in Section 4.6 of the Master Formation Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland General Assignment and Assumption Agreement</U>&#148; shall
mean the General Assignment and Assumption Agreement in substantially the form attached as of Exhibit I to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Indemnified Persons</U>&#148; shall mean Ashland and its Affiliates and their respective employees, officers and directors. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Information Package</U>&#148; shall have the meaning set forth in Section
4.8 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Intellectual Property
License Agreement</U>&#148; shall mean the Intellectual Property License Agreement in substantially the form attached as Exhibit J-1 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Joint Contracts</U>&#148; shall have the meaning set forth in Section 3.6(b) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Joint Permits</U>&#148; shall have the meaning set
forth in Section 3.6(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Joint Services Agreement</U>&#148; shall mean the Ashland Joint Services Agreement in substantially the form attached as Exhibit Q to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Lease Agreements</U>&#148; shall mean the Lease Agreements in substantially
the form attached as Exhibit K to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland LOOP/LOCAP Interest</U>&#148; shall have the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Master Formation Agreement Disclosure Letter</U>&#148; shall mean the letter from Ashland to Marathon dated the date of and
relating to the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Material Contracts&#148;</U> shall have the meaning set forth in Section 6.9 of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Material Permits</U>&#148; shall have
the meaning set forth in Section 6.3 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland 1997 Balance Sheet</U>&#148; shall mean the audited balance sheet of Ashland appearing in the Ashland Financial Statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Ongoing Remediation</U>&#148; shall mean, with respect to any Ashland Environmental Loss, Remediation Activities that either were commenced prior to
Closing or that relate to any investigation of which Ashland had received notice from the appropriate Governmental Authority prior to Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Other Real Property Rights</U>&#148; shall have the meaning set forth in Section 3.1(h) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Other Sublease Agreements</U>&#148; shall mean the Ashland Sublease
Agreements in substantially the forms attached as Exhibit M to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Pension Plan</U>&#148; shall have the meaning set forth in Section 10.5(c)(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Permits</U>&#148; shall have the meaning set forth in Section 3.1(p) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Personal Property Leases</U>&#148; shall have the meaning set
forth in Section 3.1(j) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Personal Property Owned</U>&#148; shall have the meaning set forth in Section 3.1(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Pipelines</U>&#148; shall have the meaning set forth in Section 3.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Proprietary Rights</U>&#148; shall have the meaning set forth in Section
6.10(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Quitclaim Deeds</U>&#148; shall mean the Quitclaim Deeds substantially in the forms attached as Exhibit H to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Real Property Leased</U>&#148; shall have the meaning set forth in Section 3.1(f) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Real Property Leases</U>&#148; shall have the meaning set forth in Section 3.1(f) of the Asset Transfer
and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Real Property Owned</U>&#148;
shall have the meaning set forth in Section 3.1(e) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Records</U>&#148; shall have the meaning set forth in Section 3.1(s) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Refineries</U>&#148; shall have the meaning set forth in Section 3.1(a) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Restricted Asset</U>&#148; shall have the meaning set forth
in Section 3.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Restricted Liability</U>&#148; shall have the meaning set forth in Section 3.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Restriction</U>&#148; shall have the meaning set forth in Section 3.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Retirement Plan</U>&#148; shall have the meaning set forth in Section
10.7(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Service Stations</U>&#148; shall have the meaning set forth in Section 3.1(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Shut-Down Refinery Assets</U>&#148; shall mean those portions of shut down refineries of Ashland that are operating as terminals and are being leased to
the Company pursuant to the Ashland Lease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Sublease Agreements</U>&#148; shall mean the Ashland Designated Sublease Agreements and the Ashland Other Sublease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Subsidiaries</U>&#148; shall have the meaning set forth in Section 4.1 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Subsidiaries Interests</U>&#148; shall have the meaning set forth in Section
4.10 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Supplier Cooperation
Agreement</U>&#148; shall mean the Ashland Supplier Cooperation Agreement substantially in the form of Exhibit S to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Terminals</U>&#148; shall have the meaning set forth in Section 3.1(b) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Trademark License Agreement</U>&#148;
shall mean the Ashland Trademark License Agreement in substantially the form attached as Exhibit J-2 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferred Assets</U>&#148; shall have the meaning set forth in Section 3.1 of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferred Employees</U>&#148; shall have the meaning set forth in Section
10.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Transferring Affiliates</U>&#148; shall have the meaning set forth in Section 4.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferring Affiliate Interests</U>&#148; shall have the meaning set forth in Section 4.11 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferring Entities</U>&#148; shall have the meaning set forth in Section
4.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland VEBA</U>&#148; shall
have the meaning set forth in Section 10.14 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Working Capital Shortfall</U>&#148; shall have the meaning set forth in Section 4.3(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland&#146;s Adjusted Capital Expenditures</U>&#148; shall have the meaning set forth in Section 4.4(c) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland&#146;s Business</U>&#148; shall mean
that portion of Ashland&#146;s business, tangible assets, intangible assets, rights, contracts, permits, licenses and other rights which comprise Ashland&#146;s petroleum supply, refining, marketing and transportation business (excluding the Ashland
Excluded Assets and Ashland Excluded Liabilities). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland&#146;s
Target Capital Expenditures</U>&#148; shall have the meaning set forth in Section 4.4(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Asserted</U>&#148; shall mean with respect to an Environmental Loss, that the Indemnified Party has provided written notice to the Indemnifying Party either of
(i) its receipt of written notice, including letters of inquiry, requests for information or other investigatory inquiries, from a Governmental Authority relating to such Environmental Loss or (ii) the existence of facts, conditions or circumstances
from which the Indemnified Party has reasonably concluded, based on an opinion of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">counsel delivered at any time after the Closing Date to such Indemnified Party, that an Environmental Loss may result. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Asset Transfer and Contribution Agreement</U>&#148; shall mean the Asset Transfer
and Contribution Agreement dated as of December 12, 1997, among Marathon, Ashland and the Company, including any appendices and exhibits to the Asset Transfer and Contribution Agreement and the Asset Transfer and Contribution Agreement Disclosure
Letters. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Asset Transfer and Contribution Agreement Disclosure
Letters</U>&#148; shall mean the Marathon Asset Transfer and Contribution Agreement Disclosure Letter and the Ashland Asset Transfer and Contribution Agreement Disclosure Letter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Assumed Liabilities</U>&#148; shall mean, with respect to Marathon and Ashland, the Marathon Assumed Liabilities and the Ashland
Assumed Liabilities, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Bareboat Charter</U>&#148; shall
have the meaning set forth in Section 9.3(k) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Board of Managers</U>&#148; shall have the meaning set forth in Section 8.02(a) of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Business</U>&#148; shall mean, with respect to Marathon and Ashland, Marathon&#146;s Business and Ashland&#146;s Business, respectively, and with respect to the
Company, the Company&#146;s Business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Business Day</U>&#148; shall
mean any day that is not a Saturday, Sunday or a holiday on which national banks in New York City, New York are closed for business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Expenditure Accounting Firm</U>&#148; shall have the meaning set forth in Section 4.4(e) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Expenditure Statement</U>&#148; shall have the meaning set forth in Section
4.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital
Lease</U>&#148; shall mean any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as a capital lease on a consolidated
balance sheet of the Company and its subsidiaries in accordance with GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Casualty or Condemnation Loss</U>&#148; shall mean, with respect to Marathon&#146;s Business or Ashland&#146;s Business, as the case may be, (i) a Loss, whether or not insured, as a result of any fire, flood, accident, explosion,
strike, labor disturbance, riot, act of God or public enemy or other calamity or casualty, unless either such Loss shall have been substantially cured, repaired or restored by such party prior to the Closing Date, or such party shall have otherwise
substantially compensated the Company for such Loss, or (ii) that proceedings have been instituted or threatened seeking the condemnation or other taking of a portion of such business in the future. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>CERCLA</U>&#148; shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980,
as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Claim</U>&#148; shall mean any existing or threatened
future claim, demand, suit, action, investigation, proceeding, governmental action or cause of action of any kind or character (in each case, whether civil, criminal, investigative or administrative), known or unknown, under any theory, including
those based on theories of contract, tort, statutory liability, strict liability, employer liability, premises liability, products liability, breach of warranty or malpractice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Claims Review Committee</U>&#148; shall mean a committee, consisting of no more than six and no fewer than four qualified
representatives, with each of Marathon and Ashland choosing 50% of the representatives, duly formed and constituted as soon as practicable after the Closing Date to consider any matter referred to it pursuant to Section 9.8(c)(iii) of the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Closing</U>&#148; shall have the
meaning set forth in Section 2.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Closing Date</U>&#148; shall have the meaning set forth in Section 2.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>COBRA</U>&#148; shall mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and Sections 601 through 608 of ERISA. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Code</U>&#148; shall mean the Internal Revenue Code of 1986, as amended. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Commercial Documents</U>&#148; shall mean the Shared Services Agreement, the
Marathon Pipe Line Operating Agreement, the Crude Oil and NGL Supply Agreement, the Valvoline Lube Oil Supply Agreement, the Ashland Chemical Product Sale Agreement, the Ashland Joint Services Agreement, the Ashland Supplier Cooperation Agreement
and the Revolving Credit Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Commission</U>&#148; shall have
the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Company</U>&#148; shall mean Marathon Ashland Petroleum LLC, a Delaware limited liability company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Indemnified Persons</U>&#148; shall mean the Company and its Affiliates and their respective employees, officers and directors. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company&#146;s Business</U>&#148; shall mean Marathon&#146;s Business and
Ashland&#146;s Business to be conducted by the Company and its subsidiaries after the Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Confidentiality Agreement</U>&#148; shall mean the Confidentiality Agreement dated December 13, 1996 between Marathon and Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Contracts</U>&#148; shall mean contracts, leases, licenses, indentures, agreements, purchase orders, commitments
and all other legally binding arrangements, whether oral or written, express or implied. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Control</U>&#148; shall mean the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities or
general partnership or managing member interests, by contract or otherwise. Without limiting the generality of the foregoing, a Person shall be deemed to control any other Person in which it owns, directly or indirectly, a majority of the ownership
interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Conveyance Documents</U>&#148; shall mean the Asset
Transfer and Contribution Agreement, the Marathon Quitclaim Deeds, the Ashland Quitclaim Deeds, the Marathon General Assignment and Assumption Agreement, the Ashland General Assignment and Assumption Agreement, the Marathon Intellectual Property
License Agreement, the Ashland Intellectual Property License Agreement, the Marathon Trademark License Agreement, the Ashland Trademark License Agreement, the Marathon Lease Agreements, the Ashland Lease Agreements, the Marathon Sublease Agreements
and the Ashland Sublease Agreements and related conveyancing documents pursuant to which Transferred Assets are transferred to the Company and its subsidiaries. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Crude Oil and NGL Supply Agreement</U>&#148; shall mean the Crude Oil and Natural Gas Liquids Supply Agreement in substantially the form attached as Exhibit R
to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Cumene
Project</U>&#148; shall have the meaning set forth in Section 4.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Cumene Project 1997 Budget Amount</U>&#148; shall have the meaning set forth in Section 4.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Delaware Act</U>&#148; shall mean the Delaware Limited Liability Company Act, as in
effect and amended from time to time, or any successor statute. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Demand Registration</U>&#148; shall have the meaning set forth in Section 10.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Designated Persons</U>&#148; shall have the meaning set forth in the Confidentiality Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Disclosure Letters</U>&#148; shall mean the Master Formation Agreement Disclosure Letters, the Parent Agreement Disclosure Letter,
the Asset Transfer and Contribution Agreement Disclosure Letters and the Put/Call, Registration Rights and Standstill Agreement Disclosure Letter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Dispute</U>&#148; shall have the meaning set forth in Appendix B to the Asset Transfer and Contribution Agreement and Appendix B to the Master Formation
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>DOJ</U>&#148; shall mean the United States Department of
Justice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Employee Benefit Plans</U>&#148; shall mean all pension, retirement, profit-sharing, medical, vacation,
hospitalization, vision, dental, health, life, severance or termination of employment plans, including any &#147;employee benefit plan&#148; as defined in Section 3(3) of ERISA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Employer Company</U>&#148; shall have the meaning set forth in Section 10.1(b) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Employment Transfer Date</U>&#148; shall have the meaning set forth
in Section 10.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Emro</U>&#148; shall mean Emro Marketing Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Emro Savings Plan</U>&#148; shall have the meaning set forth in Section 10.11 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Contamination</U>&#148; shall mean (a) any release, discharge or disposal of any Hazardous Substance into or onto groundwater, surface water or
soil at, from, to or under any of the Marathon Real Property Owned or Marathon Real Property Leased or any of the Ashland Real Property Owned or Ashland Real Property Leased or (b) any transportation, treatment, recycling, storage, discharge or
disposal by, at or to any facility owned or operated by another party, including any facility leased by either Marathon or Ashland or any of their respective Affiliates or predecessors or the Company or any of its Affiliates of any Hazardous
Substance that (i) was shipped from or disposed of on, at or under any of the properties or facilities that are or have been owned, operated or used by either Marathon or Ashland or any of their respective Affiliates or predecessors or the Company
or its Affiliates or (ii) arose from the operations of either Marathon or Ashland or any of their respective Affiliates or predecessors or the Company or its Affiliates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Law</U>&#148; shall mean any Applicable Law relating to (a) the protection of (i) the environment or (ii) the public
welfare from actual or potential exposure (or the effects of exposure) to any actual or potential release, discharge, disposal or emission (whether past or present) of any Hazardous Substance or (b) the manufacture, processing, distribution, use,
treatment, labeling, storage, disposal, transport or handling of any Hazardous Substance. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Loss</U>&#148; shall mean any Loss arising out of any Environmental Contamination or any Environmental Violation or a combination of both. Environmental Loss specifically includes all costs
incurred to install new improvements or make repairs or alterations to prevent the continuation of any Environmental Contamination or to remedy noncompliance with any Environmental Law and, in the case of any Special Environmental Projects, shall
include the reasonable hourly costs of Company facility personnel to the extent dedicated to Remediation Activities or other activity directly related to such Special Environmental Projects. Environmental Loss specifically does not include any Claim
brought by a Person other than a Governmental Authority seeking damages, contribution, indemnification, cost recovery, penalties, compensation or injunctive relief resulting from the existence or release of, or exposure to, Hazardous Substances
except where such Claim is brought as a citizen&#146;s suit in which no monetary damages are sought for the account of such Person </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-10 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Notwithstanding the foregoing, any Loss under CERCLA or any comparable state Environmental Law that arises out of, is based on or is in connection with the
disposal by Marathon or Ashland of Hazardous Substances at a location other than a property included in the Transferred Assets shall be treated as a Marathon Excluded Liability or an Ashland Excluded Liability, as the case may be. All Environmental
Losses arising from the same event, condition or set of circumstances at a particular facility shall be considered as an individual Environmental Loss for purposes of determining the applicability of the Individual Threshold Amount. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Requirement</U>&#148; shall mean any notice of violation, directive,
instruction, judgment, order or similar mandate from any Governmental Authority directing, ordering or requiring a correction of any Environmental Contamination or Environmental Violation, or any related Remediation Activities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Violation</U>&#148; shall mean any violation of any Environmental Law,
excluding, however, any such violation related to Environmental Contamination. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>ERISA</U>&#148; shall mean the Employee Retirement Income Security Act of 1974, as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>ERISA Affiliate</U>&#148; shall mean with respect to any Person any trade or business, whether or not incorporated, which together with such Person would be deemed a &#147;single employer&#148; within the
meaning of Section 414(b), (c) or (m) of the Code. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Exchange
Act</U>&#148; shall have the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Extraordinary Environmental Loss</U>&#148; shall mean (a) an Environmental Loss arising from an Environmental Violation or Environmental Contamination in which
(i) the amount in controversy could reasonably be expected to exceed $15,000,000; (ii) the Company has Asserted a Claim for indemnity under either Section 9.1(c) or Section 9.2(c) of the Asset Transfer and Contribution Agreement; and (iii) the
Indemnifying Party has a prior course of dealing with the Governmental Authority with jurisdiction over the matter or (b) a facility-wide application of the corrective action requirements of Sections 3004(u) and (v) of RCRA to a refinery included in
the Transferred Assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fiscal Quarter</U>&#148; shall mean the
three-month period ended March 31, June 30, September 30 and December 31 of each Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Fiscal Year</U>&#148; shall have the meaning set forth in Section 6.05 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>FTC</U>&#148; shall mean the United States Federal Trade Commission. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Former Marathon Plan Participants</U>&#148; shall have the meaning set forth in Section 10.5(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-11 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Freedom Employees</U>&#148; shall have the meaning set forth in Section 10.7(a) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Freedom Pension Plan</U>&#148; shall have the
meaning set forth in Section 10.7(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Fundamental Adverse Effect</U>&#148; shall mean (a) with respect to Marathon&#146;s Business, an effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or
prospects of Marathon&#146;s Business which results in a Loss of $80,000,000 or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise fundamentally adverse to Marathon&#146;s Business, and in any event includes
a shutdown by a Governmental Authority of any Marathon Refinery or Major Unit thereof contained within the Marathon Transferred Assets, (b) with respect to Ashland&#146;s Business, an effect on the business, operations, assets, liabilities, results
of operations, cash flows, condition (financial or otherwise) or prospects of Ashland&#146;s Business which results in a Loss of $50,000,000 or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise fundamentally
adverse to Ashland&#146;s Business, and in any event includes a shutdown by a Governmental Authority of any Ashland Refinery or Major Unit thereof contained within the Ashland Transferred Assets, and (c) with respect to the Company&#146;s Business,
an effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of the Company&#146;s Business which results, individually or in the aggregate, in a Loss of $65,000,000
or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise fundamentally adverse to the Company&#146;s Business, and in any event includes a shutdown by a Governmental Authority of any Marathon Refinery or Ashland
Refinery or Major Unit thereof contained within either the Marathon Transferred Assets or the Ashland Transferred Assets; provided, however, that any such effect relating to or resulting from any change in the price of petroleum or petroleum
byproducts, general economic conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) shall be deemed not to constitute a Fundamental Adverse Effect. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fuelgas Interest</U>&#148; shall have the meaning set forth in Section 1.01 of the
LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>GAAP</U>&#148; shall mean United States generally
accepted accounting principles applied on a consistent basis. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Governmental Approval</U>&#148; shall mean any permit, license, franchise, approval, consent, waiver, certification, qualification or other authorization issued, granted, given or otherwise made available by or under the authority
of any Governmental Authority or pursuant to any Applicable Law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Governmental Authority</U>&#148; shall mean any federal, state, local or foreign government or 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. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-12 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Guarantee</U>&#148; by any Person shall mean any obligation, contingent or otherwise, of such Person directly or
indirectly guaranteeing any Indebtedness or other obligation of any other Person or in any manner, providing for the payment of any Indebtedness or other obligation of any other Person or otherwise protecting the holder of such Indebtedness or other
obligation against loss (whether arising by virtue of partnership arrangements, by obtaining letters of credit, by agreement to keep-well, to purchase assets, goods, securities or services, or to take-or-pay or otherwise), provided that the term
&#147;Guarantee&#148; shall not include endorsements for collection or deposit in the ordinary course of business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Hazardous Substances</U>&#148; shall mean, collectively, any substance which is identified and regulated (or the cleanup of which can be required) under any
Environmental Law, and, in addition, any substance which requires special handling, storage or disposal procedures or whose use, handling, storage or disposal of which is in any way regulated, whether now or in the future, in any case under any
Applicable Law for the protection of health, safety and the environment. Without limiting the generality of the foregoing, Hazardous Substances shall include (a) &#147;hazardous wastes,&#148; &#147;hazardous substances,&#148; &#147;toxic
substances,&#148; &#147;pollutants,&#148; or &#147;contaminants&#148; or other similar identified designations in, or otherwise subject to regulation under, any Environmental Law; and (b) petroleum, refined petroleum products and fractions or
by-products thereof, in each case whether in their virgin, used or waste state. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>HIPAA</U>&#148; shall mean the Health Insurance Portability and Accountability Act of 1996. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>HSR Act</U>&#148; shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Incidental Cash</U>&#148; shall mean (a) petty cash, (b) refining, retail outlets and transportation (&#147;RMT&#148;) working funds, (c) depository account
balances for the RMT business (automated clearinghouse transmissions submitted on the most recent banking day in the applicable jurisdiction immediately preceding the Closing Date or later will be for the account of the Company and its
subsidiaries), (d) funds in transit relating to retail outlet deposits, and (e) uncollected funds in lockboxes and lockbox bank accounts for the RMT business (automated clearinghouse transmissions submitted on the most recent banking day in the
applicable jurisdiction immediately preceding the Closing Date or later will be for the account of the Company and its subsidiaries). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Indebtedness</U>&#148; of any person shall mean, without duplication, (a) all obligations of such person for borrowed money or with respect to deposits or
advances of any kind, (b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person upon which interest charges are customarily paid, (d) all obligations of such person under
conditional sale or other title retention agreements relating to property or assets purchased by such person, (e) all obligations of such person issued or assumed as the deferred purchase price of property or services (excluding trade accounts
payable, trade advertising and accrued obligations), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by
such person, whether or not the obligations secured thereby have been assumed, (g) all Guarantees by such person of Indebtedness of others, (h) all Capital Lease obligations of such person, (i) all </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-13 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">obligations of such person in respect of interest rate protection agreements, foreign currency exchange agreements or other interest or exchange rate hedging
arrangements and (j) all obligations of such person as an account party in respect of letters of credit and bankers&#146; acceptances. The Indebtedness of any person shall include the Indebtedness of any partnership in which such person is a general
partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such person in respect thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Indemnified Party</U>&#148; shall have the meaning set forth in Section 9.6(a) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Indemnifying Party</U>&#148; shall have the meaning set forth in
Section 9.6(b) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Indemnity Agreement</U>&#148; shall mean the Insurance Indemnity Agreement in substantially the form attached as Exhibit T to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Individual Threshold Amount</U>&#148; shall mean, with respect to (a) each
Environmental Loss related to Environmental Contamination associated with a Marathon Refinery or an Ashland Refinery, $1,000,000, (b) all Environmental Losses related to Environmental Contamination associated with any individual retail gasoline
service station included in the Transferred Assets, $100,000, (c) each Environmental Loss related to Environmental Contamination associated with a pipeline, pipeline station or pipeline-related facility (other than a pipeline terminal) included in
the Transferred Assets, $100,000; provided, however, that such amount shall be reduced to zero for purposes of each of Section 9.1(c)(ii) and Section 9.2(c)(ii) of the Asset Transfer and Contribution Agreement once the aggregate amount of
Environmental Losses borne by the Company under each such section with respect to Environmental Contamination associated with pipelines, pipeline stations or pipeline-related facilities (other than pipeline terminals) as a result of application of
the Individual Threshold Amount equals $5,000,000, (d) each Environmental Loss related to Environmental Contamination associated with a particular terminal (including a pipeline terminal) included in the Transferred Assets, $100,000, (e) each
Environmental Loss related to Environmental Contamination associated with any other property included in the Transferred Assets, $100,000 and (f) each Environmental Violation (including a series of Environmental Violations arising from the same
event, condition or set of circumstances), $100,000. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Initial
Term</U>&#148; shall have the meaning set forth in Section 2.03 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Intellectual Property</U>&#148; shall mean patents, patent applications (filed, unfiled or being prepared), records of invention, invention disclosures, trademarks (registered or unregistered), trademark applications (filed,
unfiled or being prepared), trade names, copyrights (registered or unregistered), copyright applications (filed, unfiled or being prepared), service marks (registered or unregistered), service mark registrations, service mark applications (filed,
unfiled or being prepared), all together with the goodwill associated with such marks or names, trade secrets, shop and royalty rights, technology, inventions, knowhow, processes and confidential and proprietary information, including any being
developed (including but not limited to designs, manufacturing data, design data, test data, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-14 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">operational data, and formulae), whether or not recorded in tangible form through drawings, software, reports, manuals or other tangible expressions, whether
or not subject to statutory registration, whether foreign or domestic, and all rights to any of the foregoing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Joint Defense Agreement</U>&#148; shall mean the Joint Defense Agreement in substantially the form attached as Exhibit N to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Knowledge</U>&#148; shall mean (a) with respect to an individual, the actual
knowledge of a particular fact or (b) with respect to a Person other than an individual, actual knowledge of a particular fact by an executive officer, division manager, refinery manager or terminal manager or by any individual serving in a similar
capacity of such Person or individuals directly reporting to such individuals. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Liabilities</U>&#148; shall mean obligations, responsibilities and liabilities (whether based in common law or statute or arising under written contract or otherwise, known or unknown, fixed or contingent, real or potential,
tangible or intangible, now existing or hereafter arising). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Lien</U>&#148; shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale
agreement, capital lease or title retention agreement relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>LLC Agreement</U>&#148; shall mean the Limited Liability Company Agreement of the
Company in substantially the form attached as Exhibit A to the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Loaned Employees</U>&#148; shall have the meaning set forth in Section 10.1(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Loss</U>&#148; shall mean any loss, cost, Liability or expense, settlement, damage of any kind, judgment, obligation, charge, fee,
fine, penalty, court cost and/or attorneys&#146; and administrative fee or disbursement (at all levels, including appellate), but excluding a party&#146;s indirect corporate and administrative overhead costs. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Lowest Remediation Cost</U>&#148; shall mean the lowest overall obtainable cost to
effect Remediation Activities or a correction of an Environmental Violation, as the case may be, taking into consideration the applicable Environmental Requirements or standards under applicable Environmental Laws, the nature and quantity of any
Hazardous Substances being remediated, the location of any Environmental Contamination, the potential effect of any Environmental Contamination on health and safety, the difficulty of effecting the Remediation Activities, the expected duration of
the Remediation Activities, the enforcement policies of the Governmental Authorities responsible for enforcing the applicable Environmental Requirements and Environmental Laws (subject to Section 9.8(h) of the Asset Transfer and Contribution
Agreement), the reputation of the contractors available to effect the Remediation Activities and any potentially adverse effect on the operation of the Company&#146;s Business as a result of the Remediation Activities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-15 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Major Unit</U>&#148; of a refinery shall mean a crude unit, a catalytic cracker, a reformer, a wastewater
treatment plant and a desulfurization unit. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon</U>&#148; shall
mean Marathon Oil Company, an Ohio corporation, or its successor. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Asset Leases</U>&#148; shall have the meaning set forth in Section 2.1(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Asset Transfer and Contribution Agreement Disclosure Letter</U>&#148; shall mean the letter from Marathon to Ashland and the Company dated the date of
and relating to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Assumed Liabilities</U>&#148; shall have the meaning set forth in Section 2.3 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Audited Financial Statements</U>&#148; shall have the meaning set forth in Section 3.6 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Benefit Plan</U>&#148; shall mean every Employee Benefit Plan sponsored,
maintained, or contributed to, or required to be contributed to, by Marathon, or any ERISA Affiliate of Marathon, for the benefit of current or former employees of Marathon&#146;s Business in the United States. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Commercial Affiliates</U>&#148; shall have the meaning set forth in Section
3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Consent
Decrees</U>&#148; shall mean any consent decrees, consent orders, agreed orders, notices of violation, judgments, decrees or similar orders or obligations entered into prior to the Closing Date or relating to any investigations of which Marathon had
received notice from the appropriate Governmental Authority prior to the Closing Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Contracts</U>&#148; shall have the meaning set forth in Section 2.1(o) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Designated Sublease Agreements</U>&#148; shall mean the Marathon Sublease Agreements in substantially the forms attached as Exhibit E to the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Designated UST
Environmental Contamination</U>&#148; shall mean any Environmental Contamination associated with, or discovered as part of, Marathon&#146;s 1998 underground storage tank upgrade program at the Marathon Service Stations set forth on Schedule 9.1(c)
to the Marathon Asset Transfer and Contribution Agreement Disclosure Letter under the heading &#147;Marathon Designated UST Environmental Contamination.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Environmental Loss</U>&#148; shall mean any Environmental Loss to the extent arising out of, based on, or occurring in connection with
Marathon&#146;s Business prior to Closing or related to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-16 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">ownership, use, operation or maintenance of, or related to the reporting practices associated with, the Marathon Transferred Assets prior to Closing, whether
or not Asserted prior to Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Equity Crude
Payables</U>&#148; shall mean the amount owed for receipts by Marathon&#146;s Business of (i) Marathon and its Affiliates&#146; equity crude oil with payment on the 20th day of the month following receipt and (ii) Marathon and its Affiliates&#146;
equity natural gas liquids with payment on the 10th day following receipt. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Excluded Assets</U>&#148; shall have the meaning set forth in Section 2.2 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Excluded Liabilities</U>&#148; shall have the meaning set forth in Section 2.4 of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Excluded Taxes</U>&#148; shall have the meaning set forth in Section 2.3(i)
of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Financial
Statements</U>&#148; shall have the meaning set forth in Section 3.6 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon General Assignment and Assumption Agreement</U>&#148; shall mean the General Assignment and Assumption Agreement in substantially the form attached as Exhibit B to the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Group</U>&#148; shall have the meaning set forth
in the Restated Certificate of Incorporation of USX dated September 1, 1996. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Group Stock</U>&#148; shall mean the USX-Marathon Group Common Stock, par value $1.00 per share, of USX. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Indemnified Persons</U>&#148; shall mean Marathon and its Affiliates and their respective employees, officers and directors. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Information Package</U>&#148; shall have the meaning set forth in Section
3.8 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Intellectual Property
License Agreement</U>&#148; shall mean the Intellectual Property License Agreement in substantially the form attached as Exhibit C-1 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Joint Contracts</U>&#148; shall have the meaning set forth in Section 2.6(b) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-17 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Joint Permits</U>&#148; shall have the meaning set forth in Section 2.6(c) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Lease Agreements</U>&#148; shall
mean the Lease Agreements in substantially the forms attached as Exhibit D to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Master Formation Agreement Disclosure Letter</U>&#148; shall mean the letter from Marathon to Ashland dated the date of and relating to the Master
Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Material Contracts</U>&#148; shall have
the meaning set forth in Section 5.9 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Material Permits</U>&#148; shall have the meaning set forth in Section 5.3 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Ongoing Remediation</U>&#148; shall mean, with respect to any Marathon Environmental Loss, Remediation Activities that either were commenced prior to
Closing or relate to any investigation of which Marathon had received notice from the appropriate Governmental Authority prior to Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Other Sublease Agreement</U>&#148; shall mean the Marathon Sublease Agreement in substantially the form attached as Exhibit F to the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Other Real Property Rights</U>&#148;
shall have the meaning set forth in Section 2.1(h) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Permits</U>&#148; shall have the meaning set forth in Section 2.1(p) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pension Transfer Date</U>&#148; shall have the meaning set forth in Section 10.5(a) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Personal Property Leases</U>&#148; shall have the
meaning set forth in Section 2.1(j) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Personal Property Owned</U>&#148; shall have the meaning set forth in Section 2.1(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pipelines</U>&#148; shall have the meaning set forth in Section 2.1(c) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pipe Line</U>&#148; shall mean Marathon Pipe Line Company.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-18 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pipe Line Operating Agreement</U>&#148; shall mean the Marathon Pipe Line Operating Agreement in
substantially the form attached as Exhibit G to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Proprietary Rights</U>&#148; shall have the meaning set forth in Section 5.10(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Quitclaim Deeds</U>&#148; shall mean the Quitclaim Deeds in substantially the forms attached as Exhibit A to the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Real Property
Leases</U>&#148; shall have the meaning set forth in Section 2.1(f) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Real Property Leased</U>&#148; shall have the meaning set forth in Section 2.1(f) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Real Property Owned</U>&#148; shall have the meaning set forth in Section
2.1(e) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Records</U>&#148; shall have the meaning set forth in Section 2.1(s) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Refineries</U>&#148; shall have the meaning set forth in Section 2.1(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Restricted Asset</U>&#148; shall have the meaning set forth in Section
2.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Restricted Liability</U>&#148; shall have the meaning set forth in Section 2.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Restriction</U>&#148; shall have the meaning set forth in Section 2.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Retirement Plan</U>&#148; shall have the meaning set forth in Section 10.5
of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon September
30, 1997 Balance Sheet</U>&#148; shall mean the unaudited balance sheet of the Marathon Group appearing in the Marathon September 30, 1997 Financial Statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon September 30, 1997 Financial Statements</U>&#148; shall have the meaning set forth in Section 3.6 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-19 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Service Stations</U>&#148; shall have the meaning set forth in Section 2.1(d) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Shut-Down Refinery Assets</U>&#148;
shall mean those portions of shut down refineries of Marathon that are operating as terminals and are being leased to the Company pursuant to the Marathon Lease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Sublease Agreements</U>&#148; shall mean the Marathon Designated Sublease Agreements and the Marathon Other Sublease
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Subsidiaries</U>&#148; shall have the meaning set
forth in Section 3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Subsidiaries Interests</U>&#148; shall have the meaning set forth in Section 3.10 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Terminals</U>&#148; shall have the meaning set forth in Section 2.1(b) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Thrift Plan</U>&#148; shall have the meaning set forth in Section 10.10 of
the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Trademark
License Agreement</U>&#148; shall mean the Marathon Trademark License Agreement in substantially the form attached as Exhibit C-2 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferred Assets</U>&#148; shall have the meaning set forth in Section 2.1 of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferred Employees</U>&#148; shall have the
meaning set forth in Section 10.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Transferred Real Property</U>&#148; shall mean, collectively, the Marathon Real Property Owned and the Marathon Real Property Leased. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferring Affiliate Interests</U>&#148; shall have the meaning set forth in Section 3.11 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferring Affiliates</U>&#148; shall have the meaning set forth in
Section 3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferring
Entities</U>&#148; shall have the meaning set forth in Section 3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-20 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Working Capital Shortfall</U>&#148; shall have the meaning set forth in Section 4.3(g) of the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon&#146;s
Business</U>&#148; shall mean that portion of Marathon&#146;s business, tangible assets, intangible assets, rights, contracts, permits, licenses and other rights which comprise Marathon&#146;s petroleum supply, refining, marketing and transportation
business (excluding the Marathon Excluded Assets and the Marathon Excluded Liabilities). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon&#146;s Target Capital Expenditures</U>&#148; shall have the meaning set forth in Section 4.4(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Master Formation Agreement</U>&#148; shall mean the Master Formation Agreement,
dated as of December 12, 1997, between Marathon and Ashland, including any appendices and exhibits to the Master Formation Agreement and the schedules to the Master Formation Agreement Disclosure Letters. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Material Adverse Effect</U>&#148; shall mean an effect on the business, operations,
assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of Marathon&#146;s Business, Ashland&#146;s Business or the Company&#146;s Business which results in a Loss of $2,000,000 or more, or, if such
Loss is not susceptible to being measured in monetary terms, is otherwise materially adverse to Marathon&#146;s Business, Ashland&#146;s Business or the Company&#146;s Business, as the case may be; provided that any such effect relating to or
resulting from any change in the price of petroleum or petroleum byproducts, general economic conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) shall be deemed not to
constitute a Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Members</U>&#148; shall mean
Marathon and Ashland and any persons hereafter admitted as additional or substitute members of the Company pursuant to the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Membership Interest</U>&#148; shall mean, with respect to any Member at any time, the limited liability company interest of such Member in the Company at such
time, including the right of such Member to any and all benefits to which a Member may be entitled as provided in the LLC Agreement, together with the obligations of such Member to comply with all the terms and provisions of the LLC Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Merrill Lynch Master Lease Program</U>&#148; shall mean The Bluegrass
Funding, Inc. Master Lease Program and The Fayette Funding Limited Partnership Master Lease Program, collectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Mutualized Formation Costs</U>&#148; shall have the meaning set forth in Section 9.2(c) of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>New RCRA Environmental Loss</U>&#148; shall mean an Environmental Loss arising from
any new application after the Closing of the corrective action requirements of Section 3004(u) and (v) of RCRA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-21 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Non-Retail DB Plan</U>&#148; shall have the meaning set forth in Section 10.5 of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Northwestern Refinery Pension Plan</U>&#148;
shall have the meaning set forth in Section 10.8 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Notice of Capital Expenditure Disagreement</U>&#148; shall have the meaning set forth in Section 4.4(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Notice of Working Capital Disagreement</U>&#148; shall have the meaning set forth in
Section 4.3(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>OCAW</U>&#148; shall mean Oil, Chemical &amp; Atomic Workers International Union. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Offering Memorandum</U>&#148; shall have the meaning set forth in Section 10.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Offer Notice</U>&#148; shall have the meaning set forth in Section 10.04(a) of the LLC Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Opening Balance Sheet</U>&#148; shall have the meaning set forth in Section 4.3(b)
of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Parent
Agreement</U>&#148; shall mean the Parent Agreement, dated as of December 12, 1997, among USX, Marathon and Ashland, including any exhibit to the Parent Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Parent Agreement Disclosure Letter</U>&#148; shall mean the letter from USX to Ashland dated the date of and relating to the Parent
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>PBGC</U>&#148; shall mean the Pension Benefit Guaranty
Corporation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>PBO</U>&#148; shall have the meaning set forth in
Section 10.5(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Pension Benefit Plan</U>&#148; shall mean every benefit plan subject to Title IV of ERISA or the minimum funding requirements of Section 302 of ERISA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Percentage Interest</U>&#148; shall have the meaning set forth in Section 3.01 of the LLC Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permian Plans</U>&#148; shall have the meaning set forth in Section 10.12 of the
Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permits</U>&#148; shall
mean licenses, permits, registrations, approvals and franchises issued by any Governmental Authority. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-22 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Encumbrances</U>&#148; shall mean (a) Liens for current taxes, assessments, governmental charges or
levies not yet due; (b) workers&#146; or unemployment compensation Liens arising in the ordinary course of business; (c) mechanic&#146;s, materialman&#146;s, supplier&#146;s, vendor&#146;s, garnishment or similar Liens arising in the ordinary course
of business for amounts not yet due; (d) security interests, pledges, Liens or other charges or encumbrances as may have arisen in the ordinary course of business, none of which individually or in the aggregate are material to the ownership, use or
operation of the Marathon Transferred Assets or the Ashland Transferred Assets, as the case may be; (e) any state of facts which an accurate survey would show which does not materially detract from the value of or materially interfere with the use
and operation of the Marathon Transferred Assets or the Ashland Transferred Assets, as the case may be; (f) any Liens, easements, rights-of-way, restrictions, rights, leases and other encumbrances affecting title thereto, whether or not of record,
which do not materially detract from the value of or materially interfere with the use and operation of the Marathon Transferred Assets or the Ashland Transferred Assets, as the case may be; (g) legal highways, zoning and building laws, ordinances
or regulations; (h) any liens for real estate Taxes which are not yet due and payable; and (i) except with respect to Permitted Encumbrances on the Marathon Refineries or the Ashland Refineries, Liens, if any, that do not have or would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Marathon&#146;s Business or Ashland&#146;s Business, as the case may be. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Person</U>&#148; or &#147;<U>person</U>&#148; shall mean any natural person, trust, estate, unincorporated organization, firm,
corporation, association, partnership, joint venture, joint stock company, limited liability company or Governmental Authority, whether acting in an individual, fiduciary or other capacity. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Personal Property</U>&#148; shall mean machinery and equipment, including tanks,
pumps and other containers; furniture and fixtures; tools; leasehold improvements; vessels, barges and other marine transportation equipment; railcars, trucks and automobiles; computing and telecommunications equipment; and other items of tangible
personal property (and interests in any of the foregoing). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>PMRP</U>&#148; shall have the meaning set forth in Section 10.06(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Pre-Closing Tax Period</U>&#148; shall mean any Tax period (or portion thereof) ending on or before the close of business on the Closing Date. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Prime Rate</U>&#148; shall mean the prime rate per annum established by Citibank,
N.A. or if Citibank, N.A. no longer establishes a prime rate for any reason, the prime rate per annum established by the largest U.S. bank measured by deposits from time to time as its base rate on corporate loans, automatically fluctuating upward
or downward with each announcement of such prime rate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Procedures for
Dispute Resolution</U>&#148; shall mean the Procedures for Dispute Resolution in substantially the form attached as Appendix B to the Asset Transfer and Contribution Agreement, Appendix B to the Master Formation Agreement and Appendix B to the LLC
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-23 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Put/Call, Registration Rights and Standstill Agreement</U>&#148; shall mean the Put/Call, Registration Rights
and Standstill Agreement in substantially the form attached as Exhibit B to the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Put/Call, Registration Rights and Standstill Agreement Disclosure Letters</U>&#148; shall mean the letters from USX, Marathon and Ashland, respectively, dated the date of and relating to the Put/Call,
Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>RCRA</U>&#148; shall
mean the Resource Conservation and Recovery Act of 1976, as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Reasonable Requested Action</U>&#148; shall have the meaning set forth in Section 7.2(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Registration Statement</U>&#148; shall have the meaning set forth in Section 10.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Relevant Accounting Factors</U>&#148; shall mean (a) GAAP, (b) any pending Financial
Accounting Standards Board exposure drafts or Emerging Issue Task Force minutes, (c) any relevant official pronouncement, release or staff accounting bulletin issued by the Commission, (d) any formal advice or statement by the Commission that it
questions the ability of the parties to treat the transactions contemplated by this Agreement as a purchase by Marathon of Ashland&#146;s Business for accounting purposes or the ability of Marathon to consolidate the Company&#146;s Business in its
financial statements or (e) if any other person has received formal advice, comment letter or a statement from the Commission that it questions the ability of such person to use purchase or consolidation accounting with respect to a similar
transaction and such formal advice or statement leads Price Waterhouse to believe that the ability of Marathon and Ashland to treat the transactions contemplated by the Asset Transfer and Contribution Agreement as a purchase by Marathon of
Ashland&#146;s Business for accounting purposes or the ability of Marathon to consolidate the Company&#146;s Business in its financial statements may be questioned or impaired. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Remediation Activities</U>&#148; shall mean any testing, investigation, assessment, cleanup, removal, response, remediation or
other similar activities undertaken in connection with any Environmental Loss. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Representative</U>&#148; shall have the meaning set forth in Section 8.01 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Requested Action</U>&#148; shall have the meaning set forth in Section 7.2(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Retirement Pension Transfer Date</U>&#148; shall have the meaning set forth in
Section 10.7(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-24 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Revolving Credit Agreement</U>&#148; shall mean the Revolving Credit Agreement among Marathon, Ashland and the
Company in substantially the form attached as Exhibit V to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Securities Act</U>&#148; shall have the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Shared Services Agreement</U>&#148; shall mean the Shared Services Agreement in substantially the form attached as Exhibit U to the
Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Environmental
Projects</U>&#148; shall mean the projects listed on Schedule 7.2(k) to the Ashland Asset Transfer and Contribution Agreement Disclosure Letter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Price</U>&#148; shall have the meaning set forth in Section 2.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Right</U>&#148; shall have the meaning set forth in Section
2.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Sublease Agreements</U>&#148; shall mean the Marathon Sublease Agreements and the Ashland Sublease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>subsidiary</U>&#148; shall mean, with respect to any person (herein referred to as the &#147;<U>parent</U>&#148;), any corporation, partnership, limited
liability company, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partner interests
are, at the time any determination is being made, owned, controlled or held, or (b) that is, at the time any determination is made, otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more
subsidiaries of the parent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>SuperAmerica</U>&#148; shall mean the
SuperAmerica division of Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax</U>&#148; shall mean any and
all national, federal, state, provincial or local income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding,
social security (or similar), unemployment, disability, assets, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on, minimum, estimated or other tax of any kind whatsoever, including any interest,
penalty or addition thereto, whether disputed or not. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax
Benefit</U>&#148; shall mean the amount of the reduction in an indemnified party&#146;s liability for Taxes (including reductions in Taxes attributable, in whole or in part, to positive basis adjustments) realized as a result of the payment or
accrual of any loss, expense or Tax. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-25 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Teamster Member Employees</U>&#148; shall have the meaning set forth in Section 10.9(a) of the Asset Transfer
and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Teamsters Pension Fund</U>&#148; shall
have the meaning set forth in Section 10.9(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Term of the Company</U>&#148; shall have the meaning set forth in Section 2.03 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Termination Event</U>&#148; shall mean, with respect to any Environmental Requirement (or discrete portion thereof) relating to Environmental Contamination, the
earlier to occur of (a) the receipt by the Company, Marathon or Ashland, as applicable, of a no further action letter, or the substantial equivalent thereof, from the appropriate Governmental Authority or (b) the fifth anniversary date of the
completion of Remediation Activities (which, for purposes of this definition, shall not include groundwater monitoring) undertaken as a result of or in connection with such Environmental Requirement (or discrete portion thereof) if during such
five-year period no new Environmental Requirement relating to such Environmental Contamination (or discrete portion thereof) has been issued by an appropriate Governmental Authority. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Third Party Claim</U>&#148; shall mean a Claim that is not a Claim by Marathon, USX, Ashland, the Company or any of their
Affiliates for its own Losses. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Throughput and Deficiency
Agreements</U>&#148; shall mean (i) the First Stage Throughput and Deficiency Agreement dated as of December 1, 1977, as amended by the First Amendment dated as of March 27, 1986, the Second Amendment dated as of January 1, 1989 and the Third
Amendment dated as of September 11, 1991, among Ashland Inc. (formerly Ashland Oil, Inc.), Marathon Oil Company, Murphy Oil Corporation, Shell Oil Company, Texaco Inc. and LOOP LLC (formerly LOOP Inc.), (ii) the Initial Facility Throughput and
Deficiency Agreement dated as of March 1, 1979, as amended by the First Amendment dated as of January 1, 1989, among Ashland Inc. (formerly Ashland Oil Inc.), Marathon Oil Company, Texaco Inc., Shell Oil Company and LOCAP Inc., and (iii) the
Adjustment Agreement dated March 1, 1979, as amended by the First Amendment dated as of January 1, 1989, among Ashland Inc. (formerly Ashland Oil Inc.), Marathon Oil Company, Texaco Inc., Shell Oil Company and LOCAP Inc. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transaction</U>&#148; shall mean the collective transactions contemplated by the
Transaction Documents. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transaction Documents</U>&#148; shall mean the
Conveyance Documents, the Master Formation Agreement, the Parent Agreement, the Put/Call, Registration Rights and Standstill Agreement, the LLC Agreement, the Indemnity Agreement and the Joint Defense Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transfer</U>&#148; shall mean any sale, exchange, transfer, assignment, pledge,
hypothecation or other disposition, whether by merger or otherwise. When used as a verb, the term &#147;Transfer&#148; shall have a correlative meaning. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-26 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transfer Taxes</U>&#148; shall have the meaning set forth in Section 7.4 of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transferred Assets</U>&#148; shall mean, with respect to
Marathon and Ashland, the Marathon Transferred Assets and the Ashland Transferred Assets, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>True Insurance Policy</U>&#148; shall mean any insurance policy other than an insurance policy which is a captive insurance policy, a fronting insurance policy or an insurance policy for which the insured
party is required to indemnify the insurer. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>USX</U>&#148; shall mean
USX Corporation, a Delaware corporation, any successor ultimate parent corporation of Marathon or, in the event Marathon is not a subsidiary of any other person, Marathon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Valvoline Lube Oil Supply Agreement</U>&#148; shall mean the Valvoline Lube Oil Supply Agreement substantially in the form of
Exhibit O to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Wholly
Owned Subsidiary</U>&#148; shall mean, with respect to any person (herein referred to as the &#147;<U>parent</U>&#148;), any corporation, partnership, limited liability company, association or other business entity (a) of which securities or other
ownership interests representing 100% of the equity or 100% of the ordinary voting power or 100% of the general partner interests are, at the time any determination is being made, owned, controlled or held, or (b) that is, at the time any
determination is made, otherwise controlled, entirely by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Working Capital Accounting Firm</U>&#148; shall have the meaning set forth in Section 4.3(e) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Working Capital Deficiency Materiality Threshold</U>&#148;
shall have the meaning set forth in Section 4.3(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-27 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>APPENDIX B </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PROCEDURES FOR DISPUTE RESOLUTION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">For purposes of this Appendix, the term &#147;Agreement&#148; refers to any Transaction Document that incorporates the terms hereof by reference and the
term &#147;party&#148; or &#147;parties&#148; refers to the party or parties to such Agreement. All other terms not defined herein shall have the meanings assigned to them in the Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Section 1. General.</I> Except as otherwise expressly set forth in the Agreement, all
controversies, claims or disputes that arise out of or relate to the Agreement or the construction, interpretation, performance, breach, termination, enforceability or validity of the Agreement, or the commercial, economic or other relationship of
the parties thereto, whether such claim is based on rights, privileges or interests recognized by or based upon statute, contract, tort, common law or otherwise and whether such claim existed prior to or arises on or after the date of the Agreement
(a &#147;<U>Dispute</U>&#148;) shall be resolved in accordance with the provisions of this Appendix. Notwithstanding anything to the contrary contained in this Appendix, nothing in this Appendix shall limit the ability of the directors and officers
of a party to the Agreement from communicating directly with the directors and officers of any other party thereto or its Affiliates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Section 2. Dispute Notice and Response.</I> A party may give another party written notice (a &#147;<U>Dispute Notice</U>&#148;) of any Dispute which has not been
resolved in the normal course of business. Within five Business Days after delivery of the Dispute Notice, the receiving party shall submit to the other party a written response (the &#147;<U>Response</U>&#148;). The Dispute Notice and the Response
shall each include (i) a statement setting forth the position of the party giving such notice, a summary of the arguments supporting such position and, if applicable, the relief sought and (ii) in the event that the Dispute Notice is delivered at or
after the Closing, the name and title of a senior manager of such party who has authority to settle the Dispute and will be responsible for the negotiations related to the settlement of the Dispute (the &#147;<U>Senior Manager</U>&#148;).
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Section 3. Pre-Closing Negotiation Between Chief Executive Officers.</I>
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">a. If a Dispute Notice is delivered prior to the Closing,
within 10 Business Days after delivery of the Response provided for in Section 2, the Chief Executive Officers of both parties shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably
deem necessary, and shall negotiate in good faith to attempt to resolve the Dispute that is the subject of such Dispute Notice. If such Dispute has not been resolved within 10 Business Days after the delivery of the Response as provided for in
Section 2, then each party shall be permitted to take such actions at law or in equity as it is otherwise permitted to take or as may be available under Applicable Law. Notwithstanding the foregoing, in the event that the Closing occurs </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">following delivery of such Dispute Notice and the Dispute has not been resolved prior to Closing, then to the extent such Dispute has not been resolved
within 10 Business Days after delivery of the Response as provided in Section 2, either party may refer the Dispute to mediation in accordance with Section 6, or, if not so referred to mediation within the five Business Day period provided in
Section 6, the Dispute shall be referred to arbitration in accordance with Section 7. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">b. All negotiations between the Chief Executive Officers pursuant to this Section 3 shall be treated as compromise and settlement negotiations. Nothing said or disclosed, nor any document produced, in the course of
such negotiations which is not otherwise independently discoverable shall be offered or received as evidence or used for impeachment or for any other purpose in any current or future arbitration or litigation. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Section 4. Post-Closing Negotiation Between Senior Managers.</I> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">a. If a Dispute Notice is delivered at or after the Closing, within 10 days
after delivery of the Response provided for in Section 2, the Senior Managers of both parties shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, and shall
negotiate in good faith to attempt to resolve the Dispute that is the subject of such Dispute Notice. If such Dispute has not been resolved within 30 days after delivery of the Dispute Notice, then the parties shall attempt to settle the Dispute
pursuant to Section 5. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">b. All negotiations between the Senior
Managers pursuant to this Section 4 shall be treated as compromise and settlement negotiations. Nothing said or disclosed, nor any document produced, in the course of such negotiations which is not otherwise independently discoverable shall be
offered or received as evidence or used for impeachment or for any other purpose in any current or future arbitration or litigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Section 5. Post-Closing Negotiation Between Chief Executive Officers.</I> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">a. If the Dispute Notice is delivered at or after the Closing and the Dispute has not been resolved by negotiation between the Senior Managers pursuant to
Section 4, then within 10 Business Days after the expiration of the 30-day period provided in Section 4, the respective Chief Executive Officers of both parties shall meet or communicate by telephone at a mutually acceptable time and place, and
thereafter as often as they reasonably deem necessary, and shall negotiate in good faith to attempt to resolve the Dispute that is the subject of such Dispute Notice. If such Dispute has not been resolved within 20 Business Days after the expiration
of the 30-day period provided in Section 4, then either party may refer the Dispute to mediation in accordance with Section 6, or, if not so referred to mediation within the five Business Day period provided in Section 6, the Dispute shall be
referred to arbitration in accordance with Section 7. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">b. All
negotiations between the Chief Executive Officers pursuant to this Section 5 shall be treated as compromise and settlement negotiations. Nothing said or disclosed, nor any document </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">produced, in the course of such negotiations which is not otherwise independently discoverable shall be offered or received as evidence or used for
impeachment or for any other purpose in any current or future arbitration or litigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Section 6. Mediation.</I> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">a. If the Dispute Notice is delivered at or after the Closing and the Dispute has not been resolved by negotiation between the Senior Managers pursuant to Section 4 or the Chief Executive Officers pursuant to Section 5, then within five
Business Days after the expiration of such 20 Business Day period provided in Section 5, any party may initiate mediation hereunder by giving a notice of mediation (a &#147;<U>Mediation Notice</U>&#148;) to any other party. Such Mediation Notice
shall include an undertaking by the party delivering such Mediation Notice to pay all costs and expenses of the mediator chosen or appointed pursuant to this Section 6. If neither party has given a Mediation Notice to the other party within such
five Business Day period, then the Dispute shall be referred to arbitration in accordance with Section 7. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">b. <I>Selection of Mediator</I>. The mediator shall be jointly appointed by the parties. The parties intend that the mediator be independent and
impartial. To this end, the mediator shall disclose to the parties any professional or social relationships, present or past, with any party (or its Affiliates), including any party&#146;s (or its Affiliates&#146;) directors, officers and
supervisory personnel and counsel. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">c. <I>Location</I>. Any
mediation pursuant to this Section 6 shall be conducted in Columbus, Ohio, unless otherwise agreed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">d. <I>Governing Law</I>. The Model ADR Procedures for Mediation of Business Disputes of the Center for Public Resources, Inc., either as written or as
modified by mutual agreement of the parties, shall govern any non-binding mediation pursuant to this Section 6. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">e. <I>Mediation Process</I>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) All mediation pursuant to this Section 6 shall be treated as compromise and settlement negotiations. Nothing said or disclosed, nor
any document produced, in the course of such non-binding mediation which is not otherwise independently discoverable shall be offered or received as evidence or used for impeachment or for any other purpose in any current or future arbitration or
litigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) In the mediation, each party
shall be represented by an executive officer. No party shall be obligated to attend mediation proceedings for more than an aggregate of five days. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) If a Dispute has not been resolved within 10 Business Days after the delivery of the
Mediation Notice, then the Dispute shall be referred to arbitration in accordance with Section 7. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Section 7. Arbitration.</I> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">a. <I>Commencement of Arbitration.</I> If the Dispute Notice is delivered at or after the Closing and the Dispute has not been resolved by negotiation between the Senior Managers pursuant to Section 4, by negotiation between the Chief
Executive Officers pursuant to Section 5, or by mediation pursuant to Section 6 (or, if neither party delivered a mediation notice to the other party within the five Business Day period provided in Section 6, by the expiration of such five Business
Day period), then any party may initiate an arbitration hereunder by giving a notice of arbitration (the &#147;<U>Arbitration Notice</U>&#148;) to any other party. If the parties cannot agree on a procedure to be used to arbitrate the controversy
within 10 days of receipt by the other party of the Arbitration Notice, then the controversy shall be finally resolved by arbitration as provided in this Section 7. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">b. <I>Location</I>. Any arbitration pursuant to this Section 7 shall be conducted in Columbus, Ohio, unless otherwise
agreed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">c. <I>Governing Law.</I> Section 2 of the Federal
Arbitration Act (Title 9, U.S.C., Section 1, <I>et seq.</I>) shall control the validity of any arbitration proceeding pursuant to this Section 7. All other substantive issues in any arbitration hereunder shall be resolved by application of the
provisions of the Agreement in accordance with the governing law provisions thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">d. <I>Framing of Issues</I>. The Arbitration Notice shall contain a statement of any controversies in sufficient detail to apprise the other parties of (i) the nature and scope of the controversies, (ii) the
initiating party&#146;s position and (iii) the relief sought. Each other party shall, within a period of 30 days after delivery of the Arbitration Notice, or within such other period of time as the parties may agree, deliver its answer to the
initiating party (the &#147;<U>Arbitration Answer</U>&#148;), which shall contain its statement of the controversy, its positions and any counterclaims or other determinations which it seeks. The initiating party shall then have 30 days, or such
other period of time as the parties may agree, to deliver its reply (the &#147;<U>Arbitration Reply</U>&#148;) to any counterclaim or request for determination raised in the Arbitration Answer. No amendments to the Arbitration Notice, Arbitration
Answer or Arbitration Reply shall be permitted without the consent of the other parties or of the Arbitration Tribunal or Sole Arbitrator, as applicable. Such Arbitration Notice, Arbitration Answer and Arbitration Reply and all written notifications
and other documents provided for in this Section 7 or in any rules or orders or directions issued by the Arbitration Tribunal or Sole Arbitrator, as applicable, to be delivered to a party or the Arbitration Tribunal or Sole Arbitrator, as
applicable, shall be delivered in person against written receipt or by registered or certified mail, return receipt requested. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">e. <I>Choice of Sole Arbitrator or Arbitration Tribunal</I>. The parties may agree in writing within 20 days after delivery of the Arbitration Notice that
the arbitration proceedings shall be by </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">and before a Sole Arbitrator appointed in accordance with Section 7(f) and conducted in accordance with Section 7(h) or other procedures acceptable to them.
Failing such agreement, the arbitration proceedings shall be by and before an Arbitration Tribunal appointed in accordance with Section 7(g) and conducted in accordance with Section 7(h) or other procedures acceptable to them. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">f. <I>Appointment of Sole Arbitrator.</I> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) If so agreed pursuant to Section 7(e) or as provided in
the Agreement, the arbitration proceedings shall be conducted by and before a single arbitrator (the &#147;<U>Sole Arbitrator</U>&#148;). Such Arbitrator shall be jointly appointed by the parties, who shall jointly obtain acceptance of his or her
appointment within a period of 30 days after the date of delivery of the Arbitration Notice. Failing such joint appointment and its acceptance, either party may request the Center for Public Resources, acting in the capacity of the Appointing
Authority hereunder (the &#147;<U>Appointing Authority</U>&#148;) to make the appointment and obtain his or her acceptance (which appointment, subject to Section 7(f)(4), shall be binding upon the parties to the arbitration). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) If at any time during the course of the arbitration
proceedings, the Sole Arbitrator dies, resigns, withdraws, or is removed by the parties pursuant to Section 7(f)(4), such vacancy shall be filled in the same manner and subject to the same requirements as provided in Section 7(f)(1) for the original
appointment to that position except as to the period of time specified for such original appointment. If the vacancy is not filled within 30 days after the occurrence of the death, resignation, withdrawal or removal of the Sole Arbitrator, either
party may request the Appointing Authority to make the appointment and obtain acceptance. Upon the filling of a vacancy, and after allowing the newly appointed Sole Arbitrator sufficient time to familiarize himself or herself with the submissions
and proceedings, the arbitration proceedings shall be continued without rehearing from the point at which the vacancy occurred, unless the parties agree otherwise or the Sole Arbitrator directs otherwise. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) The parties intend that the Sole Arbitrator be
independent and impartial. To this end, the Sole Arbitrator shall disclose to the parties any professional or other social relationships, present or past, with any party (or its Affiliates), including any party&#146;s (or its Affiliates&#146;)
directors, officers and supervisory personnel and counsel. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(4) Except as otherwise provided in Section 7(f)(2), the Sole Arbitrator may be removed only by (i) application of either party to, and order of, the Appointing Authority after a showing of lack of independence,
partiality, misconduct, incapacity of the Sole Arbitrator for more than 60 days or any other cause likely to impair his or her ability to effectively participate in the arbitration proceedings or render a fair and equitable decision, or (ii) mutual
agreement of the parties. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">g. <I>Appointment of Arbitration Tribunal.</I> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) If the parties do not agree within the 20-day period
provided in Section 7(e) to have the arbitration proceedings conducted by and before a Sole Arbitrator, then the arbitration proceedings shall be conducted by and before a tribunal composed of three Arbitrators (an &#147;<U>Arbitration
Tribunal</U>&#148;) who are appointed pursuant to this Section 7(g). Each party shall appoint one arbitrator, obtain its appointee&#146;s acceptance of such appointment, and deliver written notification of such appointment and acceptance to the
other party within 45 days after delivery of the Arbitration Notice. If a party fails for any reason to appoint an arbitrator, obtain acceptance of such appointment and notify the other party in writing within the period provided above, the
Appointing Authority, upon written request of either party, shall appoint such arbitrator, obtain acceptance of such appointment and notify the parties in writing of such appointment and acceptance. If the controversy involves more than two parties,
a party (and its Affiliates) shall be considered a single party for the purposes of this Section 7(g). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) The two arbitrators appointed pursuant to Section 7(g)(1) shall jointly appoint the third arbitrator (the &#147;<U>Third
Arbitrator</U>&#148;), obtain such appointee&#146;s acceptance of such appointment and notify the parties in writing of such appointment and acceptance within 30 days after the appointment and acceptance of the two initial arbitrators. If the
appointment and acceptance of the Third Arbitrator and the required notifications are not effected by the other two arbitrators within the 30-day period, then, upon the request of either party, the Appointing Authority shall appoint the Third
Arbitrator, obtain acceptance of such appointment and notify the parties and both arbitrators appointed pursuant to Section 7(g)(1) in writing of such appointment and acceptance. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) The Third Arbitrator shall serve as the Chairman of the Arbitration Tribunal. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(4) If at any time a vacancy occurs on the Arbitration
Tribunal by reason of death, resignation or withdrawal of an arbitrator or removal of an arbitrator pursuant to Section 7(g)(6), such vacancy shall be filled in the same manner and subject to the same requirements as are provided in Sections 7(g)(1)
and 7(g)(2) for the original appointment to that position except as to the periods of time specified for such original appointments. If the vacancy is not filled within 30 days after the occurrence of the death, resignation, withdrawal or removal of
the arbitrator, either party may request the Appointing Authority to make the appointment and obtain acceptance. Upon the filling of a vacancy, and after allowing the newly appointed arbitrator sufficient time to familiarize himself or herself with
the submissions and proceedings, the arbitration proceedings shall be continued without rehearing from the point at which the vacancy occurred, unless the parties agree otherwise or the Chairman of the Arbitration Tribunal, whether appointed prior
to the occurrence of the vacancy or appointed to fill the vacancy, directs otherwise. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(5) The parties intend that each of the arbitrators on the Arbitration Tribunal be independent and impartial. To this end, each such
arbitrator shall disclose to the parties, and to the other members of the Arbitration Tribunal, any professional or social relationships, present or past, with any party (or its Affiliates), including any party&#146;s (or its Affiliates&#146;)
directors, officers and supervisory personnel and counsel. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(6) Any party may challenge in writing the appointment or continued service of any arbitrator on the Arbitration Tribunal for lack of independence, partiality, incapacity of the arbitrator for more than 60 days, or
any other cause likely to impair such arbitrator&#146;s ability to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">effectively participate in the arbitration proceedings or render a fair and equitable decision. Where such challenge is made with regard to an arbitrator
other than the Third Arbitrator, the Third Arbitrator shall uphold or dismiss the challenge. Where such challenge is made with regard to the Third Arbitrator, the Appointing Authority shall uphold or dismiss the challenge. In the event a challenge
is upheld, the arbitrator as to whom the challenge was upheld shall cease to be a member of the Arbitration Tribunal. Furthermore, any arbitrator may be removed upon mutual agreement of the parties. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(7) The Arbitration Tribunal in its discretion may appoint a
secretary to assist the Arbitration Tribunal in the administrative arrangements for the arbitration proceedings. The Arbitration Tribunal may also employ such stenographic and other assistance as it deems necessary. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(8) All decisions or rulings of the Arbitration Tribunal, as
well as any interim or final award, shall be pursuant to the majority vote of the three arbitrators comprising the Arbitration Tribunal. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">h. <I>Arbitration Procedures.</I> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) The Arbitration Tribunal or Sole Arbitrator, as applicable, shall hold a preliminary meeting with the parties at a time and place
determined by the Arbitration Tribunal or Sole Arbitrator, as applicable, for the discussion of procedural matters prior to the issuance of rules of procedure or other procedural directives by the Arbitration Tribunal or Sole Arbitrator, as
applicable, and for discussion of such other matters as the Arbitration Tribunal or Sole Arbitrator, as applicable, may determine. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) The procedure to be followed in any arbitration proceedings hereunder shall be as prescribed in this Section 7 and in the rules of
procedure which shall be issued by the Arbitration Tribunal or Sole Arbitrator, as applicable, following consultation with the parties. Such rules shall be based on the principle of fairness to both parties, and unless otherwise agreed by the
parties shall provide, <I>inter alia</I>, for the submission of briefs by the parties, the introduction of documents and the oral testimony of witnesses, cross-examination of witnesses, oral arguments, the closure of the arbitration proceedings and
such other matters as the Arbitration Tribunal or Sole Arbitrator, as applicable, may deem appropriate. Further, the Arbitration Tribunal or Sole Arbitrator, as applicable, shall regulate all matters relating to the conduct of the arbitration
proceedings not otherwise provided for. Subject to any contrary rules adopted by the Arbitration Tribunal or Sole Arbitrator, as applicable: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) The party which initiated the Arbitration shall, within 14 days after the date of the Sole Arbitrator&#146;s appointment pursuant to
Section 7(f) or the appointment of the Arbitration Tribunal pursuant to Section 7(g), as applicable, or within such other period of time as the parties </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">may mutually agree, submit to the Arbitration Tribunal or the Sole Arbitrator, as applicable, a written brief in support of its case and the relief or
determination it seeks, with a copy to the other party. Each such other party shall, within 21 days after delivery to it of a copy of the initiating party&#146;s brief or within such other period of time as the parties may agree, submit to the
Arbitration Tribunal or the Sole Arbitrator, as applicable, such other party&#146;s answering brief in support of its defense, with a copy to the initiating party. Such answering brief shall also state and support any counterclaim or determination
of a matter not submitted by the initiating party which such other party seeks. In the event that the answering brief states a counterclaim or request for determination of a matter not submitted by the initiating party, the initiating party may
submit, within a period of 21 days after delivery to it of such answering brief, or within such other period of time as the parties may agree, a reply brief stating its defense to such counterclaim or request for determination, with a copy to the
other parties. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) Any brief provided for in
Section 7(h)(2)(A) may include documentary evidence and written affidavits. The Arbitration Tribunal or the Sole Arbitrator, as applicable, may invite any other written submissions or documents he or she deems necessary for the proper determination
of the arbitration. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(C) Copies of documents
submitted in a brief shall be deemed authentic unless challenged by a party by written notification to the Arbitration Tribunal or the Sole Arbitrator, as applicable, with a copy to the other party. The facts stated in any affidavit submitted in a
brief shall be deemed accurate unless similarly challenged. Any such notification of challenge, together with any supporting documents or affidavits and a list of the names and addresses of any witnesses the challenging party will present in support
of such challenge, shall be submitted by that party within a period of 30 days after the date of such party&#146;s receipt of the document or affidavit being challenged. The party challenging the contents of an affidavit may also include, in its
notification, a request that the party which submitted the affidavit or challenging affidavit produce the affiant for cross-examination. Subject to a request to the Arbitration Tribunal or the Sole Arbitrator, as applicable, for a protective order,
the party which submitted a document or affidavit challenged shall, within a period of 14 days after its receipt of notification of the challenge, submit any documents and a list of the names and addresses of any witnesses it will present to
establish the authenticity of a document or the accuracy of the facts stated in an affidavit. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(D) An oral hearing shall be held, at a place and time designated by the Arbitration Tribunal or the Sole Arbitrator, as applicable, such
time to be within a period of 30 days after the date of the submission of the answering brief or, if a reply brief was submitted pursuant to Section 7(h)(2)(A), within 30 days thereafter, or, where objection or challenge was made as provided in
Section 7(h)(2)(C), within a period of 14 days after the date of the last submission made pursuant to that Section. At such hearing, the Arbitration Tribunal or the Sole Arbitrator, as applicable, shall permit the submission of further documentation
or oral testimony by the parties, including direct examination, cross-examination and redirect examination, relevant to the determination of any challenge to the authenticity of a document or to the accuracy of the facts stated in an affidavit. No
oral testimony shall be permitted except as provided in this Section 7 or as permitted by order of the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Arbitration Tribunal or the Sole Arbitrator, as applicable. The Arbitration Tribunal or the Sole Arbitrator, as applicable, shall, following the submission
of any documents and oral testimony, invite each of the parties to make oral arguments in support of its case on the controversy concerning which the initiating party initiated the arbitration and on any counterclaim or other controversy initiated
by the other party. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(E) Strict rules of
evidence shall not apply in any arbitration proceedings conducted pursuant to this Section 7. The parties may offer such evidence as they desire and the Arbitration Tribunal or the Sole Arbitrator, as applicable, shall accept such evidence as its
deems relevant to the issue(s) and accord it such weight as the Arbitration Tribunal or the Sole Arbitrator, as applicable, deems appropriate. However, no party or witness may be required to waive any privilege recognized under Applicable Law.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(F) The parties agree that discovery shall be
limited and handled expeditiously. Discovery procedures available in litigation before the courts shall not apply in any arbitration proceedings pursuant to this Section 7. However, each party shall produce relevant and nonprivileged documents or
copies thereof requested by the other party in writing. Unless otherwise agreed or ordered by the Arbitration Tribunal or the Sole Arbitrator, as applicable, any such request by either party shall be made within 15 days after submission of the
brief, document or affidavit submitted earliest which could reasonably have indicated that the documents sought to be produced were relevant, and production shall be made within 10 days of receipt of such request. All disputes regarding discovery
shall be resolved promptly by the Arbitration Tribunal or the Sole Arbitrator, as applicable. In the event of a party&#146;s failure to produce such documents as provided above, the Arbitration Tribunal or the Sole Arbitrator, as applicable, shall
take such failure into consideration in the light of the prevailing circumstances. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(G) In the event the Sole Arbitrator or a member of the Arbitration Tribunal, as applicable, becomes incapable of acting for a period of
less than 60 days and then resumes his or her duties as Sole Arbitrator or an arbitrator, as applicable, the time periods provided in Sections 7(h)(2)(A), (C), (D) and (F) shall be extended by the number of days during which the Sole Arbitrator or
an arbitrator, as applicable, was incapable of acting. In the event the Sole Arbitrator or a member of the Arbitration Tribunal, as applicable, dies or resigns or becomes incapable of acting for a period of at least 60 days, such time periods shall
be extended by the number of days between the date of such death, resignation, or commencement of incapacity and the date of the appointment of a substitute arbitrator plus a reasonable period of time (to be mutually agreed upon by the parties or
fixed by the Arbitration Tribunal or the Sole Arbitrator, as applicable) for the Sole Arbitrator or arbitrator, as applicable, to familiarize himself or herself with the submissions and proceedings. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(H) The arbitration proceedings shall be deemed closed at
the conclusion of the oral hearing provided in Section 7(h)(2)(D), except that in the event the Arbitration Tribunal or the Sole Arbitrator, as applicable, requests or invites the submission of any further documents or briefs, the proceedings shall
be deemed closed upon the submission of such further documents or briefs or </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">upon the expiration of the period set by the Arbitration Tribunal or the Sole Arbitrator, as applicable, for such submissions, whichever date is earlier.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(I) If requested by any party, the
Arbitration Tribunal or the Sole Arbitrator, as applicable, shall keep records of all its proceedings and decisions, and a verbatim record of all oral hearings. Such records shall be available and copies shall be furnished to the parties upon
request and reasonable notice by any party to the Arbitration Tribunal or the Sole Arbitrator, as applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(J) All awards or portions thereof, whether preliminary or final, shall be in writing signed by the Sole Arbitrator or, in the case of an
Arbitration Tribunal, by each arbitrator, and shall state the reasons upon which such are based. In the event that one arbitrator in an Arbitration Tribunal refuses to sign the award or a portion thereof, the two arbitrators forming the majority
shall note such refusal in the award or portion thereof. The arbitrator dissenting from an award or portion thereof may issue a dissent from the award or portion thereof in writing, stating the reasons therefor. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(K) The Arbitration Tribunal or the Sole Arbitrator, as
applicable, shall use its best efforts to issue its final award or awards, and any dissent therefrom, in any arbitration proceedings conducted pursuant to this Section 7, within a period of 30 days after closure of such arbitration proceedings.
Failure of the Arbitration Tribunal or Sole Arbitrator, as applicable, to do so, however, shall not be a basis for challenging the award or awards. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">i. <I>Failure to Participate.</I> In the event a party, having been given due notice and opportunity, shall fail or shall refuse to appear or participate
in any arbitration proceedings pursuant to this Section 7 or in any stage thereof, or to so appear or participate in accordance with time limits or dates set forth in this Section 7, or in rules of procedure issued pursuant hereto by the Arbitration
Tribunal or the Sole Arbitrator, as applicable, or other directives issued by the Arbitration Tribunal or the Sole Arbitrator, as applicable, the arbitration proceedings shall nevertheless be conducted to conclusion and final award. Any award or
awards rendered under such circumstances shall be as valid and enforceable as if both parties had appeared and participated fully at all stages. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">j. <I>Relief</I>. Subject to any limitations on awards and damages that are expressly set forth in the Agreement, the Arbitration Tribunal or the Sole
Arbitrator, as applicable, shall be empowered in an award to deny or grant, in whole or in part, relief of the following types if so requested by a party in the Arbitration Notice, the Arbitration Answer or the Arbitration Reply: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">compensatory damages; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">other monetary claims or counterclaims; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">pre-award and post-award interest on monetary awards, including applicable rates and periods at to which such interest shall be computed; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-10 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(iv)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">specific performance of the Agreement or any portion thereof; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(v)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">interpretation, including declaratory interpretation, of the provisions of the Agreement; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(vi)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">any other equitable relief. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">The Arbitration Tribunal or the Sole Arbitrator, as applicable, shall, in a final award, assess, as set forth in Section 7(m), the amount of the costs of the arbitration proceedings. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">k. <I>Finality</I>. Any award or portion of award rendered, whether final or
interim, by the Arbitration Tribunal or the Sole Arbitrator, as applicable, in any arbitration proceedings pursuant to this Section 7 shall be binding on the parties, who hereby waive all rights of appeal or challenge except to the extent permitted
by Title 9, U.S.C. &#167;&#167; 10 and 11. The parties further agree that judgment upon any award hereunder may be entered in any of the courts referred to in Section 9.17 of the Agreement (if the Agreement is the Master Formation Agreement),
Section 11.15 of the Agreement (if the Agreement is the Asset Transfer and Contribution Agreement or an Agreement that incorporates by reference the procedures for dispute resolution of the Asset Transfer and Contribution Agreement) or Section 16.09
of the Agreement (if the Agreement is the LLC Agreement), and application may be made by a party to such court or to any court of competent jurisdiction wherever situated for enforcement of such judgment and the entry of whatever orders are
necessary for such enforcement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">l. <I>Confidentiality</I>. The
parties and the Arbitration Tribunal or the Sole Arbitrator, as applicable, shall treat all aspects of the arbitration proceedings, including without limitation discovery, testimony and other evidence, briefs and the award, as strictly confidential.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">m. <I>Costs and Expenses</I>. Each party shall pay its own
costs and expenses. The costs of the arbitration proceedings, including the expenses of the Arbitration Tribunal and its members and secretary, if any, or of the Sole Arbitrator, as applicable, and the honoraria of the members of an Arbitration
Tribunal and its secretary, or the honorarium of the Sole Arbitrator, as applicable, shall be borne by the parties to the arbitration proceedings in equal shares. The Chairman of the Arbitration Tribunal or the Sole Arbitrator, as applicable, shall
notify the parties, from time to time, of the estimated amounts to be advanced by them in equal shares to meet all such anticipated expenses, and each party shall advance its share promptly. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Section 8. Disputes; Consent to Jurisdiction. </I></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Except as otherwise expressly provided in the Agreement,
no party shall be entitled to commence or maintain any action, suit or other proceeding against any other party regarding any Dispute, other than any action, suit or other proceeding (i) to the extent provided in Section 3, (ii) to compel
arbitration pursuant to Section 7, (iii) to select an arbitrator or arbitrators pursuant to Section 7 or (iv) to enforce any judgment pursuant to Section 7(k). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Section 9.17 of the Agreement (if the Agreement is the Master Formation Agreement), Section 11.15 of the Agreement (if the
Agreement is the Asset Transfer and Contribution Agreement or an Agreement that incorporates by reference the procedures for dispute resolution of the Asset Transfer and Contribution Agreement) or Section 16.09 of the Agreement (if the Agreement is
the LLC Agreement) shall apply with respect to any suit, action or proceeding permitted under Section 8(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">B-11 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EXHIBIT A </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">LIMITED LIABILITY COMPANY AGREEMENT </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SPEEDWAY SUPERAMERICA LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>RETAIL INTERGRATION PROTOCOL </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The retail business unit of Marathon Ashland Petroleum LLC (&#147;MAP&#148;), Speedway SuperAmerica LLC (&#147;SSA&#148;), will include the combined assets of Emro
Marketing Company (&#147;Emro&#148;) and SuperAmerica Group (&#147;SuperAmerica&#148;). This protocol establishes the plan of integration of Emro and SuperAmerica from the present state of two competing retail organizations to an integrated retail
organization. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>1. General Principles.</B> Marathon and Ashland desire to
begin realizing the efficiencies and other benefits of the integration of retail operations as soon as possible after the closing of the Joint Venture. However, Marathon and Ashland agree to integrate Emro and SuperAmerica in a deliberate manner,
based upon thorough analyses of all relevant information and issues, including impact on the brand equity, operating systems and operating practices (collectively referred to as the &#147;Business Equity&#148;) of Emro or SuperAmerica. Such analyses
shall be conducted by or at the direction of one or more integration teams, each of which is comprised of members representing both Emro and SuperAmerica (collectively, the &#147;Integration Teams&#148;). Major decisions and actions relative to
integration of Emro and SuperAmerica shall be reviewed and approved prior to implementation by the appropriate levels of SSA and MAP executive management and the MAP Board of Managers. An overriding principle of the integration process is to
maximize the economic value added to MAP in total. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 1 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>2. Integration Levels.</B> The integration process will commence immediately after the Joint Venture closes, and will
occur in three general levels as analyses of various functions and aspects of the business are completed: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>a. Level I.</B> Level I integration initiatives require little or no analysis to determine best practice, or that create obvious efficiencies, with little or no impact on the Business Equity of Emro or
SuperAmerica. Level I initiatives include, but are not limited to, the following: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>(i)</B> coordination of the retail pricing of light products between Emro and SuperAmerica (but not major and long-range light product or merchandise pricing philosophy as described in Paragraph 2(c)(iv) below); </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(ii)</B> purchase of common supplies for consumption and products and services for resale;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(iii)</B> supply of retail locations from various terminals to minimize
operating costs to the SSA and MAP; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(iv)</B> coordination of support
services and elimination of duplicate services and processes not required to maintain separate operations; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>(v)</B> establishment of Integration Teams to extend the process of integration and define and analyze the more complex issues. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>b. Level II.</B> Level II integration initiatives are relatively more complex and will require more time and effort to gather and analyze
relevant information, determine the best practices, and evaluate the potential impact of alternate strategies or actions on the Business Equity of Emro or SuperAmerica. Level II integration initiatives will be prioritized by the Integration Teams
and SSA executive management to generate savings as rapidly as possible without adversely impacting the Business Equity of Emro and SuperAmerica. Level II initiatives include, but are not limited to, the following: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(i)</B> Consolidating purchases of items such as pumps, dispensers and operating hardware
that may be interchangeable between Emro and SuperAmerica; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(ii)</B>
Adoption of a unified and coordinated marketing program (i.e., private label applicable category merchandising agreements, etc.) as opportunities are identified and evaluated by the marketing integration team; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(iii)</B> Adoption of common maintenance practices and coordination and integration of
maintenance personnel in overlapping areas; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 2 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(iv)</B> Internal communication in support of our one-company commitment and vision (All outside product and service
provider communications will support this same commitment.); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(v)</B>
Adoption of new common product and services offerings where appropriate; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>(vi)</B> Further consolidation of support services that SSA and MAP executive management determine will not adversely affect the Business Equity of Emro and SuperAmerica; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(vii)</B> Continued integration of common support services (such as law, accounting, planning and analysis, environmental, health and
safety, and security); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(viii)</B> Overall Information Technology strategy
(but not store-automation strategy, which is a Level III issue as provided in Paragraph 2(c), below); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>(ix)</B> Changing the geography of our present joint territories, e.g., truck stop travel center expansion; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(x)</B> Physical facility issues, e.g., size of facilities, common building designs, number of basic designs. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>c. Level III. </B>Level III integration initiatives involve complex and strategic issues
that may have material impact on the Business Equity of Emro and SuperAmerica. Level III initiatives will require the most time an effort to gather and analyze relevant information, determine the best practices, and evaluate the potential impact of
proposed decisions or actions on such Business Equity. Consultants may be used to assist the Integration Teams in quantifying various matters that are not easily quantified, especially those related to differences in Business Equity. Decisions and
other actions on Level III initiatives will be made only after a thorough analysis of all relevant information, by super-majority approval of the MAP Board of Managers to the extent and for the time periods provided in the Limited Liability Company
Agreement between Marathon and Ashland (the &#147;LLC Agreement&#148;). Level III issues are: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>(i)</B> Utilization of the Enon and Lexington facilities, including establishment of a single headquarters location for Speedway SuperAmerica LLC; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 3 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(ii)</B> Major store staffing and similar employment issues, including any material change in the compensation or
benefit packages of the Speedway SuperAmerica LLC unit; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(iii)</B> Branding
strategy (e.g., continuing to use the present brand names, combining brands or developing a new brand), including any material change in the brand image of SuperAmerica and Emro stores; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(iv) </B>Any material change in the fundamental business strategies of SuperAmerica and Emro including, but not limited to, major and
long-range light-product or merchandise pricing philosophy, in-store merchandising strategy and advertising and promotion practices. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(v)</B> Future use of the Speedway and SuperAmerica business models in SSA; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(vi)</B> Finalizing the retail organization (See discussion in Paragraph 5(a) below); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(vii)</B> Credit card acceptance between Emro and SuperAmerica. More specifically the development of a new common credit card for SSA.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(viii)</B> Evaluation of alternate modes of supplying stores with
merchandise through company-owned warehouses or outside suppliers, including an evaluation of SuperAmerica&#146;s existing warehousing/distribution processes; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(ix)</B> Store-automation strategy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Provided, however, that until any decision or action by the Board of Managers to the contrary, Emro and SuperAmerica shall continue to do business in accordance with
their historical practices. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>3. Timeframe for Super Majority Decisions.</B>
The timeframe for super-majority decisions or actions by the MAP Board of Managers with respect to the issues described in Paragraph 2(c)(i), (ii), (iv) and (vi) only are subject to extension as provided in the LLC Agreement. The integration
timetable outlined in (4) below anticipates that all super majority recommendations for all Level III issues will be submitted for action to the Board of Managers by SSA MAP executive management by October 30, 1998, thus permitting the Board of
Managers to act on these issues during calendar 1998. Such submissions shall include the business and economic analyses necessary to support the recommended decision or action including but not limited to the risks and </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 4 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">benefits of such decisions and the anticipated impact of such decision or action on the Speedway and SuperAmerica brand images and business models.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>4. Integration Timetable.</B> The integration process will be fluid, but
should occur along the following general timeline: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>a. January 1st:</B> MAP
and SSA are established. SSA Integration Teams begin work without restrictions on information flow. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>b. First Quarter 1998:</B> Emro and SuperAmerica continue the transition from separate operations to an integrated retail organization, through Level I integration. Also during this quarter, analyses of Level II
and III issues continue. All such analyses shall include benchmarking of Emro and SuperAmerica practices and results. Recommendations for some Level II issues are presented to MAP executive management for review and approval. SSA executive
management reviews progress on Level I, II and III initiatives with MAP executive management and MAP Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>c. Second Quarter 1998:</B> Emro and SuperAmerica continue the transition from separate operations to one integrated retail organization. During this quarter,
recommendations for some Level II and III integration issues may be presented to the MAP executive management and MAP Board of Managers for review and approval, and analyses of other Level II and III issues continue as provided in paragraph 4(b).
SSA executive management reviews progress on Level I, II and III initiatives with MAP executive management and MAP Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>d. Third Quarter 1998:</B> Emro and SuperAmerica complete additional Level I integration and continue work on Level II and III integration actions approved during the
second quarter. During this quarter, the Integration Teams and SSA executive management complete additional analyses and valuation of alternatives and make additional recommendations on Level II and III initiatives. SSA executive management </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 5 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">reviews progress on Level I, II and III integration actions with MAP executive management and with the MAP Board of Managers. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>e. Fourth Quarter 1998:</B> Emro and SuperAmerica complete additional Level I integration
and continue work on Level II and III integration actions. SSA executive management reviews progress on Level I, II and III integration actions with MAP executive management and Board of Managers. SSA and MAP executive management will present any
remaining super majority issues proposals for action by the Board of Managers no later than October 30, 1998 to provide ample time for the MAP executive management and Board of Managers to formulate decisions during the fourth quarter. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>f. Calendar 1999:</B> Complete Level II and III integration actions as directed by the
MAP executive management and Board of Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>5. Management Guidance.</B>
A number of Level III issues are addressed in more detail in this Paragraph 5. This Paragraph 5 is intended to give guidance to the executive management of SSA and MAP on certain key issues: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>a. SSA Organization.</B> As the integration process proceeds, it will be implemented
through a transitional organization as outlined on Exhibit A with the intention of ultimately implementing an organization similar to that shown on Exhibit B, subject to changes approved by SSA and MAP executive management and the MAP Board of
Managers. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>b. Key Management Issues. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(i)</B> Proper communication to everyone concerned needs to occur early and clearly to
ensure the success of the operation. Structure, form, and responsibilities need to be clearly communicated. Key SSA managers, especially those involved in best practice </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 6 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">integration teams, need to fully understand their individual roles during what may be a chaotic period that may last longer than originally anticipated.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(ii)</B> Outside agencies and suppliers will be dealing with one legal
entity that in some cases will continue to behave as two separate entities. This is potentially an area of confusion that needs to be addressed to avoid causing problems in the retail operation. Speedway SuperAmerica LLC office of the president will
have the primary responsibility for developing and disseminating the proper communication as needed to address these issues. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>c. Co-Management.</B> It is anticipated that through its early stages, SSA will be con-managed by R.N. Yammine and J. F. Pettus to achieve the overall objectives of
Marathon and Ashland for MAP. During such stages, it is anticipated that Pettus&#146; emphasis will be on SSA operations and Yammine&#146;s on SSA financial and other support functions, but they will share responsibility for managing SSA, ensuring
that best practices guide the integration process in the manner and on the timetable described in this protocol, and ensuring that the non-integrated segments on SSA continue to operate smoothly and efficiently. References in this protocol to the
executive management of SSA are references to Yammine and Pettus. ALL SSA EXECUTIVE MANAGEMENT DECISIONS, RECOMMENDATIONS AND OTHER ACTIONS RELATIVE TO INTEGRATION AND TO ONGOING OPERATION OF SSA&#146;S BUSINESS ARE TO BE MADE JOINTLY BY YAMMINE AND
PETTUS; PROVIDED THAT IF YAMMINE AND PETTUS ARE UNABLE TO AGREE ON A DECISION, RECOMMENDATION OR ACTION, THEY WILL REPORT TO THE PRESIDENT OF MAP WHO WILL RESOLVE ANY DIFFERENCE AND REPORT HIS RECOMMENDATION TO THE MAP BOARD ON ANY MATTER REQUIRED
HEREUNDER, INCLUDING LEVEL III DECISIONS. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 7 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>d. Measurement of Success. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(i)</B> The present P &amp; L statements of Emro and SuperAmerica are not consistent since Emro&#146;s P &amp; L is based on rack prices
and SuperAmerica&#146;s is based on adjusted rack prices. A common transfer price will be adopted by MAP executive management after the closing of the Joint Venture, with appropriate input from the SSA executive management. Depending upon the
transfer price methodology used, various adjustments will be made to permit accurate analysis of Emro and SuperAmerica performance, e.g., if rack price is used, adjustments will be made to reflect the synergy added to MAP by Emro and SuperAmerica.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>(ii)</B> Except as noted in this protocol, the intent of Marathon and
Ashland is to analyze all decisions to be made and other actions to be taken relative to Level II and Level III integration, and to value alternatives, on an economic value added (&#147;EVA&#148;) basis, as it relates to MAP in total. However,
Marathon and Ashland recognize that certain qualitative issues relative to Emro and SuperAmerica Business Equity may not lend themselves to a strict EVA analysis. In such cases, other tools may be used to analyze such qualitative issues and value
alternatives, including but not limited to: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>A)</B> Benchmarking
performances between similar operations in Emro and SuperAmerica, e.g., money loss and inventory shrink in similar groups of stores, sales by category, profit by store category, etc.; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>B)</B> Marketing program and reverse marketing program testing; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>C)</B> Customer-intercept studies; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>D) </B>Focus-group evaluations; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>E)</B> Consultants&#146; input and analysis, as deemed appropriate and cost effective by the SSA or MAP executive management. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>F)</B> Various economic methodologies pertinent to the economic performance of SSA and SSA
and MAP combined. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- 8 - </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT A </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g13895exhibit_a.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT B </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g13895exhibit_b.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 1.01
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>to </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Limited
Liability Company Agreement </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Financed Properties </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. Double-Skin Barge Program &#150; PNC Leasing Corp., Kentucky and Pitney Bowes Credit Corporation (35 barges are currently in the
program). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Charter Agreement between PNC Leasing Corp.,
Kentucky, as Owner, and Ashland Inc., as Charterer, dated as of January 19, 1996, as amended by First Amendment thereto dated as of October 28, 1997. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Charter Agreement between Pitney Bowes Credit Corporation, as Owner, and Ashland Inc., as Charterer, dated as of January 19, 1996, as amended by First
Amendment thereto dated as of October 28, 1997. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">2. Sale &amp; Leaseback of 125
DOT 112J340W Pressure Tank Cars between Signet Leasing &amp; Financial Corporation and Ashland Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Master Lease Agreement, dated as of April 26, 1995, between Signet Leasing and Financial Corporation, as lessor, and Ashland Inc., as lessee.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. Super America-Goldman Sachs Sale Leaseback (24 properties). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Lease Agreement, dated as of December 31, 1990, between State Street
Bank and Trust Company of Connecticut, National Association, as lessor, and Ashland Inc., (formerly Ashland Oil, Inc.), as lessee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. Bluegrass Funding, Inc. Master Lease Program (15 SuperAmerica properties are currently in the program). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Amended, Restated and Consolidated Lease Agreement, dated as of October 22, 1993, between Bluegrass Funding, Inc. and
Ashland Oil, Inc.; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Amendment No. 1, dated as of October
31, 1994 to Amended, Restated and Consolidated Lease Agreement between Bluegrass Funding, Inc. and Ashland Oil, Inc.; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Amendment No. 2, dated as of March 17, 1995, to Amended, Restated and Consolidated Lease Agreement dated as of October 22, 1993, between Bluegrass
funding, Inc. and Ashland Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">5. Fayette Funding, Limited Partnership master
Lease Program (172 SuperAmerica and Rich Oil properties are currently in the program that will be contributed to the Company). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Second Amended, Restated and Consolidated Lease Agreement, dated as of November 14, 1995, between Fayette Funding, Limited Partnership and Ashland
Inc.; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Amendment No. 1 to Second Amended, Restated and
Consolidated Agreement for Lease, dated as of July 9, 1996, between Fayette Funding, Limited Partnership and Ashland Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>LIMITED LIABILITY COMPANY
AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 4.01(c) </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Marathon Subleased Property </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Subleased Property is described in the Sublease Schedules to the Marathon Designated Sublease
Agreements attached as Exhibit E to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Service/Truck Stations under the following leases: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Lease Agreement dated as of September 15, 1987 between Wilmington Trust Company and William J. Wade, not in their respective individual capacities,
but solely as owner trustees under a Trust Agreement dated as of September 15, 1987, Lessor and Marathon Oil Company, as assignee of Emro Marketing Company, Lessee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Lease for each Original Lease identified on a Sublease Schedule, which Lease is one of a series of lease agreements
between Station Associates Venture, an Indiana general partnership, as Landlord, and Marathon Oil Company, an Ohio corporation, as assignee of Emro Marketing Company, a Delaware corporation, as successor by merger to R. I. Marketing, Inc., and
Indiana corporation, as Tenant. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Hydrotreater-Penex Units under the following leases: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Equipment Lease Agreement dated as of December 1, 1985, as amended effective October 11, 1995, between State Street Bank and Trust Company not in its
individual capacity but solely as Trustee (&#147;Lessor&#148;), as successor Trustee to the original Trustee, The First National Bank of Boston, under that certain Trust Agreement dated as of December 1, 1985 with BNY Capital Resources Corporation
(&#147;Trustor&#148;), as successor in interest to BNY One Leasing Corporation (formerly BNY Leasing, Inc.) and Marathon Oil Company (&#147;Lessee&#148;), as successor by merger to Marathon Petroleum Company. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Equipment Lease (&#147;Lease&#148;) dated as of November 1, 1986 between
Sequa Capital Corporation, formerly Forsun Leasing Corp., as Lessor and Marathon Oil Company, successor by merger to Marathon Petroleum Company, as Lessee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 4.01(c)
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>to </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Limited
Liability Company Agreement </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. Double-Skin Barge Program &#150; PNC
Leasing Corp., Kentucky and Pitney Bowes Credit Corporation (35 barges are currently in the program). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Charter Agreement between PNC Leasing Corp., Kentucky, as Owner, and Ashland Inc., as Charterer, dated as of January 19, 1996, as amended by First
Amendment thereto dated as of October 28, 1997. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Charter
Agreement between Pitney Bowes Credit Corporation, as Owner, and Ashland Inc., as Charterer, dated as of January 19, 1996, as amended by First Amendment thereto dated as of October 28, 1997. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">2. Sale &amp; Leaseback of 125 DOT 112J340W Pressure Tank Cars between Signet Leasing &amp;
Financial Corporation and Ashland Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Master Lease
Agreement, dated as of April 26, 1995, between Signet Leasing and Financial Corporation, as lessor, and Ashland Inc., as lessee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. SuperAmerica- Goldman Sachs Sale &amp; Leaseback (24 properties). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) Lease Agreement, dated as of December 31, 1990, between State Street Bank and Trust Company of Connecticut, National Association, as lessor, and
Ashland Inc. (formerly Ashland Oil, Inc.), as lessee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>LIMITED LIABILITY COMPANY
AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Schedule 4.02(a)-1 </U></B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Marathon Funded Capital Expenditure </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The work necessary to restore the Patoka to Lima Pipe Line to the operating pressure and throughput conditions that existed prior to the release of crude oil from such pipeline on
August 24, 1997. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>LIMITED LIABILITY COMPANY
AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 4.02(a)-2 </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MEMBER FUNDED CAPITAL EXP. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">See Schedule 7.2(k) of the Asset Transfer and Contribution Agreement </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>12/10/97 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>LIMITED LIABILITY COMPANY
AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 8.08(k)i(a) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CLOSING DATE AFFILIATE TRANSACTIONS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Put/Call, Registration Rights, and Standstill Agreement by and among Marathon Oil Company, USX Corporation, Ashland Inc. and Marathon Ashland Petroleum LLC
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Intellectual Property License Agreement from Ashland Inc. to Marathon
Ashland Petroleum LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Trademark License Agreement from Ashland Inc. to
Marathon Ashland Petroleum LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Office Lease Agreement by and between
Ashland Inc. and Marathon Ashland Petroleum LLC of Lexington, KY office building </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Office Lease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC for lease of Russell, KY office building </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Lease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC for lease of the Louisville, KY Terminal </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Lease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LCC for lease
of the Findlay, OH Terminal </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Lease Agreement by and between Ashland Inc.
and Marathon Ashland Petroleum LLC for lease of Heath, OH Terminal </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Lease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC for lease of the Cincinnati, OH Asphalt Terminal </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Lease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC for lease of the Ashland Brand Bulk Plants </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Goldman Sachs Master Sublease Agreement by and between Ashland Inc. and Marathon Ashland
Petroleum LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Pitney Bowes Credit Corporation Master Subcharter
Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>PNC Leasing Corp. Kentucky Master Subcharter Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Signet Leasing and Financing Corporation Master Sublease Agreement by
and between Ashland Inc. and Marathon Ashland Petroleum LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Pass-Through Sublease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC for sublease of BLC Corporation vehicles and railcars </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Pass-Through Sublease Agreement by and between Ashland Inc. and Marathon Ashland Petroleum LLC for sublease of First Union Commercial
Corporation vehicles and trailers </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Lube Oils and Chemicals Supplement
Agreement between Marathon Oil Company and Ashland Inc. (Valvoline Lube Purchase Contract) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>Hydrocarbon Supply Agreement between Industrial Chemicals and Solvents Division of Ashland Chemical Company, a division of Ashland Inc. and Ashland Petroleum Company, a division of Ashland Inc. (Ashland Chemical
Agreement) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Joint Services Agreement by and between Marathon Ashland
Petroleum LLC and Ashland Chemical Company, a division of Ashland Inc. (Ashland Chemical Interplant Services Agreement) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Supplier Cooperation Agreement by and between Marathon Ashland Petroleum LLC and The Drew Industrial Division of Ashland Chemical Company, Division of Ashland Inc.
(Wastewater Treatment Agreement) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>License Agreement by and between
Ashland Inc. and Marathon Ashland Petroleum LLC (Caverns/Neal, West Virginia) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>Insurance Indemnity Agreement by and among Marathon Oil Company, Ashland Inc., USX Corporation and Marathon Ashland Petroleum LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Services Agreement by and among Marathon Ashland Petroleum LLC, Marathon Oil Company and Ashland Inc. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Revolving Credit Agreement among Ashland Inc., Marathon Oil Company, and Marathon Ashland Petroleum LLC </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Possible subcharter of M/V Kentucky and M/F West Virginia </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>LIMITED LIABILITY COMPANY
AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Schedule 8.08(k)(i)(A) </U></B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Marathon&#146;s Closing Date Affiliate Transactions </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The following Affiliate Transactions: </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Marathon Intellectual Property Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Marathon Trademark License Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Findlay Office Lease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Indianapolis Terminal Lease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Emro Marketing Sublease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Garyville Hydrotreater Sublease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Robinson Hydrotreater Sublease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>SAV Sublease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Marathon Other Sublease Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Marathon Pipe Line Operating Agreements </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Joint Defense Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Crude Oil &amp; NGL Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Indemnity Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Shared Services Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Revolving Credit Facility </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Put/Call, Registration Rights and Standstill Agreement </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">EXECUTION COPY </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Schedule 8.14 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Company Leverage Policy </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">For purposes of the Limited Liability Company Agreement dated as of January 1, 1998, of Marathon Ashland Petroleum LLC (the &#147;<U>Company</U>&#148;), by and among Marathon Oil Company, an Ohio corporation and
Ashland Inc., a Kentucky corporation (the &#147;<U>LLC Agreement</U>&#148;), the Company Leverage Policy shall be as set forth below. Unless otherwise indicated, Section and Article references in this Schedule 8.14 are to Sections and Articles of
the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Company Leverage Policy is based on the
following general principals: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) It is the
intent of Marathon and Ashland that the Company and its subsidiaries operate without financial leverage, either on balance sheet (through Indebtedness) or off balance sheet (through lease programs, receivable financing programs and similar financing
methods). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) It is the intent of Marathon
and Ashland that the Company and its subsidiaries have available to them on an on-going basis one or more revolving credit facilities, uncommitted money market credit facilities or other comparable debt facilities in such amount to provide adequate
liquidity to fund the normal operation of the Company and that the company and its subsidiaries promptly repay any amounts borrowed under such facilities at the time of, and to the extent of, any collected or available bank cash balances other than
Incidental Cash and any cash balances that represent uncollected funds that are not otherwise included in Incidental Cash (collectively &#147;<U>Surplus Cash</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) It is the intent of Marathon and Ashland that increases in Ordinary Course Lease Expenses over time
shall not exceed the rate of inflation (it being understood that notwithstanding the foregoing, the $80 million limitation on Ordinary Course Lease Expenses in Section 8.08(f)(ii) of the LLC Agreement exceeds the historical average lease expense of
certain specified leases of both Marathon&#146;s Business and Ashland&#146;s Business). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Accordingly, the parties hereto hereby agree as follows: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 1. <U>Definitions.</U> Capitalized terms used but not defined in this
Schedule 8.14 shall have the meanings set forth in the LLC Agreement. In addition the following terms used herein have the following meanings: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Capital Projects/Acquisitions</U>&#148; means one or more capital improvement projects or acquisitions, each approved by the Board of
Managers on or prior to December 31, 2004, pursuant to a vote in accordance with Section 8.07(c) of the LLC Agreement, following a vote of the Board of Managers in accordance with Section 8.07(b) of the LLC Agreement with respect to such capital
improvement projects or acquisitions in circumstances where such capital improvement project or acquisition was not approved and a majority of the Marathon Representatives voted in favor of such capital improvement or acquisition; <U>provided</U>
<U>however</U>, that each such capital improvement project or acquisition has a discounted cash flow rate of return of at least 15%, based upon such economic assumptions and methodology as are mutually acceptable to Marathon and Ashland, acting in
good faith; <U>provided</U> <U>further</U>, <U>however</U>, that the aggregate amount of all Capital Expenditures and Acquisition Expenditures of the Company and its subsidiaries made with respect to Permitted Capital Projects/Acquisitions shall not
exceed $300 million. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Capital
Project/Acquisition Indebtedness</U>&#148; means the actual or notional amount of any Indebtedness that is designated for, and is incurred for the specific purpose of, funding a Permitted Capital Project/Acquisition. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Intercompany Debt</U>&#148; mean (i) Indebtedness owed by
the Company to any of its Wholly Owned Subsidiaries, (ii) Indebtedness owed by a Wholly Owned Subsidiary of the Company to the Company and (iii) Indebtedness owed by a Wholly Owned Subsidiary of the Company to another Wholly Owned Subsidiary of the
Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Project</U>&#148; means (a) a
Capital Expenditure of, or an acquisition by, the Company or any of its subsidiaries that is designated by the Board of Managers as a &#147;Special Project&#148; pursuant to a vote in accordance with Section 8.07(b) of the LLC Agreement or (b) any
acquisition of assets or stock resulting in the incurrence of Indebtedness in an amount of less than $15 million pursuant to Section 2(d) hereto. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Project Indebtedness</U>&#148; means the actual or notional amount of any Indebtedness
that is designated for, and is incurred for the specific purpose of funding, a Special Project. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2. <U>Limitation on Incurrence of Indebted-ness.</U> (a) The Company and its subsidiaries shall not incur any indebtedness other than: (1)
borrowings under one or more revolving credit facilities, uncommitted money market credit facilities or other comparable debt facilities (including under the Revolving Credit Agreement) to fund cash deficiencies in an amount not to exceed $500
million in the aggregate, (ii) Permitted Intercompany Debt, (iii) Permitted Capital Project/Acquisition Indebtedness, (iv) any Special Project Indebtedness and (v) the Indebtedness assumed by the Company pursuant to Section 2.3(d) of the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) The Company shall
promptly repay any amounts borrowed under clause (a)(i) above at the time of, and to the extent of any Surplus Cash. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The Company and its subsidiaries shall not be permitted to incur Indebtedness under clause (a)(i) above to fund Special Projects or Permitted Capital
Projects/Acquisitions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Any Indebtedness incurred by the
Company and it s subsidiaries under clause (a)(i) above in excess of $500 million shall be approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b) of the LLC Agreement. Any Indebtedness incurred by the company and its
subsidiaries under clause (a)(ii) above shall not require approval of the Board of Managers. Any Indebtedness incurred by the company and its subsidiaries under clause (a)(iii) above shall be approved in accordance with the provisions of Section 4
hereto. Any Indebtedness incurred by the Company and its subsidiaries under clause (a)(iv) above shall be approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(b) of the LLC Agreement; <U>provided</U>
<U>however</U><U></U>, that Special Indebtedness incurred in an amount less than $15 million in any transaction to purchase assets or stock that is payable to the seller on an installment basis or that is otherwise assumed as a result of an
acquisition of assets or stock shall be approved by: (a) The Board of managers pursuant to a vote in accordance with Section 8.07(c) of the LLC Agreement if the amount of the Indebtedness is more than $5 million or (b) the Senior Vice President
Finance and Commercial Services if the amount of Indebtedness in $5 million or less. Any Special Project </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Indebtedness incurred pursuant to the foregoing proviso shall be paid as promptly as in economically attractive given the terms of the Indebtedness and the
transaction documents. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) It is understood and agreed that
with respect to operating leases, the amount of rental or lease expense stated in Section 8.08(f)(ii) of the LLC Agreement shall be considered Ordinary Course Lease Expenses rather than off balance sheet financial leverage. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3. <U>Special Project Indebtedness.</U> At the time of and in
connection with its approval of any Special Project Indebtedness, the Board of managers shall also establish and approve pursuant to a vote in accordance with Section 8.07(b) of the LLC Agreement a notional repayment schedule with respect to such
Special Project Indebtedness; <U>provided</U>, <U>however</U>, that any notional repayment schedule of such Special Project Indebtedness incurred pursuant to the proviso in Section 2(d) hereto shall be established and approved by the Board of
Managers pursuant to a vote in accordance with Section 8.07(c) of the LLC Agreement if the amount of Indebtedness is more than $5 million or by the Senior Vice President of Finance and Commercial Services if the amount of Indebtedness in $5 million
or less. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4. <U>Permitted Capital Project/Acquisition
Indebtedness.</U> (a) During Fiscal Years 1998 through 20004, the Company and its subsidiaries shall be permitted to incur up to $300 million in the aggregate in Permitted Capital Project/Acquisition Indebtedness to the extent such Permitted Capital
Project/Acquisition Indebtedness is approved by the Board of Managers pursuant to a vote in accordance with Section 8.07(c) of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) At the time of and in connection with is approval of any Permitted Catlettsburg Capital Project/Acquisition Indebtedness, the Board of Managers shall
also establish and approve pursuant to a cote in accordance with Section 8.07(c) of the LLC Agreement a notional repayment schedule with respect to such Permitted Capital Project/Acquisition Indebtedness which reflects the payback of the Permitted
Capital Project/Acquisition. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) The 20% threshold set forth
in the definition of &#147;Permitted Catlettsburg Capital Project/Acquisition&#148; shall be periodically adjusted to reflect changes in the cost of capital as Marathon and Ashland shall mutually agree. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) To the extent that there is a disagreement between Ashland and Marathon
over the economic assumptions </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">or methodology to be use to determine the discounted cash flow rate of return of a Permitted Capital Project/Acquisition, such disagreement shall be resolved
pursuant to the Procedures for Dispute Resolution set forth in Exhibit B to the LLC Agreement, but with any arbitration proceeding being conducted by a sole arbitrator who is qualified industry-recognized expert in the petroleum refining business.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 5. <U>Amendments.</U> The Company Leverage Policy set
forth herein, and any notional repayment schedule established and approved by the Board of Manager in accordance with Section 3 hereto, may be modified, altered or amended only with the approval of the Board of Manager pursuant to a vote in
accordance with Section 8.07(b) of the LLC Agreement. Notwithstanding the above, any notional repayment schedule established and approved by the Board of Managers in accordance with Section 4 hereto may be modified, altered or amended only with the
approval of the Board of Managers pursuant to a vote in accordance with Section 8.07(c) of the LLC Agreement. Any notional repayment schedule associated with Special Project Indebtedness established and approved pursuant to the proviso in Section 3
may be modified, altered or amended only with the approval of the Board of Managers pursuant to a vote in accordance with Section 8.07(c) of the LLC Agreement if the amount of Indebtedness is more than $5 million or by the Senior Vice President
Finance and Commercial Services if the amount of Indebtedness is $5 million or less. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Schedule 8.15
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Investment Guidelines </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Marathon Ashland Petroleum LLC (MAP) </U></B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Short-Term Investment Guidelines </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Policy Statement </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Funds which are deemed to be surplus after meeting daily requirements shall be invested in money market instruments. Surplus funds shall always be invested with safety
of principal and liquidity foremost in mind. Yield is important but secondary to safety and liquidity considerations. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Investment Committee </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>The Investment Committee shall plan the general strategy for the management of the short-term investment portfolio. The Committee will discuss from time to time market
conditions and general strategy and will have the authority to change policy as deemed needed. The Committee shall be composed of the Senior Vice President, Finance and Administration; Vice President Finance and Controller; and the Treasurer. The
guidelines may be changed upon written approval of the Investment Committee with individual exceptions approved verbally by two voting members of the Committee and subsequently documented. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>General Rules </U></B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>1.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>A maximum maturity of 60 days will be observed except for U. S. Treasury securities. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>2.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>MAP will generally conduct business only with money center, regional, local and foreign banks and securities dealers, brokers and financial institutions which are approved by the
Investment Committee. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>3.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Accrued interest at date of purchase will be excluded from the test for compliance with the guideline limits as to individual institutions. </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>4.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Investments for MAP (including affiliates, subsidiaries and joint ventures) are governed by the guideline limits. </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>5.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Investment limits shall be construed in the aggregate and not severally. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>6.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Generally securities will be purchased on a &#147;pay versus delivery&#148; basis Inclusive of Tri-Party agreements in the case of Repurchase Agreements. However, exceptions will
be made based upon the written approval of the Investment Committee. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>7.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Moody&#146;s Investor Service and/or Standard &amp; Poor Corporation shall be the only recognized rating agencies. </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>8.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>The lower rating shall be applicable on investments with split-ratings. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>




<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>U.S. Treasury and
Agency Securities </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>There is no limit to the amount that may be
invested in outright purchases of U.S. Treasury Securities. Investments in securities which are the indirect obligation of the U.S. government (&#147;Agencies&#148;) are allowed to a limit of $25MM per Agency. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Repurchase Agreements; U.S. Treasury and Agency Securities
</U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Repurchase Agreements (Repo) shall be limited to only Primary
Government Securities Dealers (Primary Dealers) as determined from time to time by the Federal Reserve Bank of New York. Repo Transaction shall be 102% collateralized with U.S. Treasury or agency securities with MAP retaining the right to ask and
receive additional margin due to a change in the value of the underlying security. Repurchase agreements with Primary Dealers shall be limited to a maximum of $50MM per institution and a maximum maturity of sixty days. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Rating Guidelines for Financial and Non-financial Issuers
</U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>$Limit</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>per Issuer</B></FONT></P><HR WIDTH="50" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Minimum</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Long-term rating</B></FONT></P><HR
WIDTH="91" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Minimum</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Short-term rating</B></FONT></P><HR WIDTH="92" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Maximum</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Maturity</B></FONT></P><HR WIDTH="55" SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>35MM</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>AAA - and Aaa3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>A-1 and P-1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>60 days</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>25MM</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>AA - Aa3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>A-1 and P-1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>30 days</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>15MM</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>A - and A3</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>A-1 and P-1</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>30 days</B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Investments that do not meet the
rating guidelines for Issuers shall not exceed the FDIC insurance limitation unless approved by the Investment Committee. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>Eligible Investment Types </U></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&#149;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Commercial Paper (CP) &#150; This includes financial and non-financial issuers. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&#149;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Certificates of Deposit (CD) &#150; This includes domestic and foreign financial institutions. The lower rating of the parent holding company or the financial institution will
apply. </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&#149;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Time Deposits (TD) &#150; This includes domestic and foreign financial institutions. The lower rating of the parent holding company or the financial institution will apply.
</B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&#149;</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Repurchase Agreements (Repo) &#150; May invest in repurchase agreements that are at least 102% collateralized by instruments deemed eligible under Eligible Investment types with
other non Primary Dealers that qualify under the rating guidelines. Such Repo will be governed by the dollar and maturity limits established under the ratings guidelines. </B></FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MARATHON ASHLAND PETROLEUM
LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CALCULATION OF NORMAL ANNUAL CAPITAL BUDGET AMOUNT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">TBD = To
Be Determined </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">DD&amp;A = Depreciation, Depletion and Amortization </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="46%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1992</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1993</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>1998</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Marathon Financial DD&amp;A (Including Loss on Retirements &amp; EPP Amortization)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">149,493</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">163,194</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">163,680</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">170,209</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">172,123</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Marathon Pro Forma DD&amp;A for Financed Properties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,857</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,505</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,505</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,026</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,026</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,026</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT FACE="Times New Roman" SIZE="2">Marathon Financial DD&amp;A* (Line 1 + Line 2)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">155,350</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">168,699</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">169,185</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">174,235</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">176,149</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ashland Financial DD&amp;A (Including Loss on Retirements)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">150,173</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">154,634</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">166,134</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">168,308</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">158,967</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Ashland Pro Forma DD&amp;A for Financed Properties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">432</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">432</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,041</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,411</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,638</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,597</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT FACE="Times New Roman" SIZE="2">Ashland Financial DD&amp;A* (Line 4 + Line 5)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">150,605</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">155,066</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">168,175</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">173,719</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">169,605</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Purchase Accounting Treatment Elimination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjusted DD&amp;A (Line 3 + Line 6 + Line 7)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">305,955</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">323,765</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">337,360</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">347,954</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">345,754</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Step 1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Average Annual DD&amp;A (Prior Three-Year Average of Line 8)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">322,360</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">336,360</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">343,689</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Percent of Average Annual DD&amp;A</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Capital Expenditures - 130% of Average Annual DD&amp;A (Line 9 X Line 10)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">419,068</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">437,268</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">446,796</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Applicable GAAP EBITDA (Including $80MM Net Efficiencies)**</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">539,250</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">992,243</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">922,042</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">846,438</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">755,778</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Tax Distribution Amount***</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(88,652</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(254,022</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(222,179</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(189,424</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(155,809</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjusted EDITDA (Line 12 + Line 13)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">450,598</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">738,221</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">699,863</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">657,014</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">599,969</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Average Adjusted EBITDA (Prior Three-Year Average of Line 14)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">629,561</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">698,366</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">652,282</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Average Adjust EBITDA less Capital Expenditures - 130% of Average Annual DD&amp;A Amount (Line 15 - Line 11)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">210,493</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">261,099</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">205,486</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Threshold of $240 Million</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">240,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">240,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">240,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">240,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Excess EBITDA (Line 16 less Line 17)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,098</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Step 2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Excess EBITDA (Line 18)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,098</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10% of Average Annual DD&amp;A Amount (10% X Line 9)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">32,236</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,636</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">34,369</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">First Incremental Amount (Lesser of Line 19 or Line 20)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,098</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Step 3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Excess EBITDA (Line 18)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,098</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">First Incremental Amount (Line 21)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,098</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Excess EBITDA less First Incremental Amount (Line 22 - Line 23)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">X 50%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Excess EBITDA less First Incremental Amount X 50% (Line 24 X Line 25)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Normal Annual Capital Budget Amount **** (Line 11 + Line 21 +Line 26)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">419,068</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">458,366</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">446,796</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">TBD</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">1992 -1997 Financial DD&amp;A Expense for both Marathon and Ashland includes pro forma amounts associated with the Financed Properties for which the lease obligations will remain
with the Venturers. Starting in 1998 and thereafter, these items will be part of the JV&#146;s Adjusted DD&amp;A. Financial DD&amp;A for Marathon will also include depreciation for the Garyville Propylene Upgrade Project. Additionally, the excess
purchase price (EPP) amortization level for 1994 &amp; 1995 (-$3.6MM) was used in lieu of the actual 1992 level (-$29.8MM) for Marathon. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">**</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Applicable GAAP EBIDTA excludes applicable environmental and lease expenses to be indemnified by the Venturers. Additionally, Applicable GAAP EBITDA also excludes any non-cash
cumulative effect changes in accounting principles and lower of cost or market inventory adjustments. Turnaround expense is adjusted to represent a five-year rolling average expense profile for 1992-1997. In 1998 and thereafter, actual cash
turnaround expense will be used to determine each year&#146;s Applicable GAAP EBITDA. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">***</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Assumed a 38% tax rate through 1997. In 1998 and thereafter, the actual Tax Distribution Amount applicable to the period will be utilized. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">****</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Garyville Propylene Upgrade Project costs are specifically excluded from the application of the Normal Annual Capital Budget Amount. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MARATHON OIL COMPANY </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>R, M &amp; T EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Reported EBIT</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">81,943</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,192</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,102</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">399,847</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,144</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,917</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,640</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,176</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">118,659</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">98,835</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,610</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,959</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(248</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(64</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">956</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">210,498</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">191,880</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">159,308</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">496,853</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">64,642</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">82,607</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">78,057</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">70,914</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,293</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,871</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,064</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,872</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">77,935</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">96,478</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">91,121</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,786</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:9.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Reported EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">288,433</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">288,358</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">250,429</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">580,639</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">EBIT Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indianapolis Idling Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,710</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,961</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,820</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,125</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">FAS 121 Not Included in Reported EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(107,503</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effect of Change in 3-2-1 Crack Spread Assumption</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,248</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">WTS/Bottom of Barrel Sensitivity</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Turnaround Expense - Reported in P&amp;L</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">41,571</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,687</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24,067</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">52,070</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Turnaround Expense - Averaging Method</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(34,675</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(34,257</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(30,183</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(27,551</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">MPA Resignation Charge</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,391</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Expense in P&amp; L Excluded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,807</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,751</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,218</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,290</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restructuring Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,117</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indiana Gross Income Tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,805</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,827</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,782</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,599</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Franchise Tax Expense Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,004</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,909</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,166</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">784</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Unallocated Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(6,800</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(12,700</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(26,168</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital Expenditure to Expense Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Elimination of Major Asset Lease Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,183</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,183</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,308</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,277</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,328</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,901</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,752</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Shared Services Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Shared Services Adjustment (Charges for Core Corp. Items)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(10,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(10,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(10,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(10,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Refining &amp; Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">53,486</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(118,042</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(10,928</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(15,772</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Expense in P&amp;L Excluded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,146</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">516</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">281</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(707</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indiana Gross Income Tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(900</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Unallocated Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(200</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(400</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,110</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,046</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">316</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(119</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,717</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(11,409</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Expense in P&amp;L Excluded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,512</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,067</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,333</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,294</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">34</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Unallocated Costs - Reallocated Personnel</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(700</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indiana Gross Income Tax</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,420</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,440</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,530</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,899</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Elimination of Major Asset Lease Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,088</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,050</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,985</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,958</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(821</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,487</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,508</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,458</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Emro Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,850</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,090</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,780</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,195</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restructuring Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,656</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Expense in P&amp;L Excluded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">550</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,720</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,700</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,926</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Unallocated Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(300</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(400</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,600</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,936</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Adjustment for Non-Operating Income Exclusion, etc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">954</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,126</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,364</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,035</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Excluded Assets (Capline System)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(11,147</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(20,673</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(18,998</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(18,162</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capline Inclusion (Adjusted for Non-Operating Income)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,559</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,113</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,108</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,109</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Yates Gathering System Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,894</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,203</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,567</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,547</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,532</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(520</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Marathon Pipe Line Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,683</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,487</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">425</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affil. Discontinued Operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">182</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">149</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs Equity in Earning (AFIT)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(162</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">207</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs Dividends (Excluded)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">LOOP/LOCAP Equity in Earnings (AFIT)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">775</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,851</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">52</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">LOOP/LOCAP Dividends (Excluded)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,503</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(297</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affil. Discontinued Operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(876</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,150</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Dividend Companies Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(10,914</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(12,424</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(13,064</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(12,872</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Subs &amp; Affiliates Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(9,144</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(12,920</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,397</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,947</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">56</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:9.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total EBIT Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51,084</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(121,873</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,177</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(14,816</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBIT</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">135,429</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(37,850</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75,174</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">384,075</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">14,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,233</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,521</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,459</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">122,509</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">104,925</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">68,390</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">93,154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MARATHON OIL COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>R, M &amp; T EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>1994</B></FONT></P><HR WIDTH="34" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>1995</B></FONT></P><HR WIDTH="34" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>1996</B></FONT></P><HR WIDTH="34" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>1997</B></FONT></P><HR WIDTH="53" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(228</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">112</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,163</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(55</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">271,900</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,420</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">157,248</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">490,633</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">63,488</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">85,290</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,544</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">71,339</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">775</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,851</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">67,617</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,065</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">92,004</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">339,517</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">166,485</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">249,252</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">565,823</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">135,429</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(37,850</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75,174</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">384,075</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">14,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,233</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,521</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,459</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">122,509</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">104,925</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">68,390</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">93,154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(228</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">112</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,163</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(55</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">271,900</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,420</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">157,248</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">490,633</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">63,488</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">85,290</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,544</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">71,339</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">775</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,851</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">67,617</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,065</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">92,004</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">339,517</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">166,485</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">249,252</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">565,823</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Net Benefit Credits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">66</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">R&amp;M</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(16,389</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(21,885</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(14,812</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(18,749</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,240</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(955</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">68</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(586</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(778</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(634</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(600</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,044</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,995</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,035</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,950</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Net Benefit Credits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(19,019</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(25,658</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(19,721</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(23,254</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBIT Excluding Net Benefit Credits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">119,040</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(59,735</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">60,362</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">365,326</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">72</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">14,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,233</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,281</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">12,504</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">121,923</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">104,147</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">67,756</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">92,554</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(228</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">112</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,163</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(55</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">254,925</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">57,757</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">140,562</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">470,329</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,444</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">82,295</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">80,509</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">68,389</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">77</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">775</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,851</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">65,573</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,070</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">88,969</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">72,240</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">79</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:9.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBIT Excluding Net Benefit Credits</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">320,498</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">140,827</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">229,531</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">542,569</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Valuation Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Recovery Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">370</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,549</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of FAS 121 Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">107,503</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Transit Crude Oil LIFO Adjustments Reversal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,700</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,211</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">34,335</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(44,562</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">37,855</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">35,230</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">38,623</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">44,390</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">84</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Add&#146;l. Benefits Exclusion Due to Dental Plan Omission &amp;&#146;96 Actuals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">804</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">590</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">581</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion for Add&#146;l. Unallocated Costs &amp; Shared Svcs. Adj.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,779</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,832</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,833</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Workers&#146; Comp. Adjustment to Benefit Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(642</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(876</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(794</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(800</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Process Capital Expenditure EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(15,900</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Refining &amp; Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,308</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">153,826</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">76,127</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(16,872</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,551</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,431</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,576</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,166</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Add&#146;l. Benefits Exclusion Due to Dental Plan Omission &amp;&#146;96 Actuals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion for Add&#146;l. Unallocated Costs &amp; Shared Svcs. Adj.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Recovery Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">909</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">776</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,583</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Marathon Brand Division Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,493</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,232</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,205</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,666</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">94</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Merchandise Adjustment - LIFO to FIFO</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24,372</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26,943</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28,380</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29,518</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">96</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Add&#146;l. Benefits Exclusion Due to Dental Plan Omission &amp;&#146;96 Actuals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">97</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion for Add&#146;l. Unallocated Costs &amp; Shared Svcs. Adj.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">98</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Workers&#146; Comp. Adjustment to Benefit Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,127</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,757</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,266</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,062</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Recovery Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,778</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,920</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,026</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,650</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Emro Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,052</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,128</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">36,191</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">34,106</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excess Purchase Price Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion for Add&#146;l. Unallocated Costs &amp; Shared Svcs. Adj.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">103</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Add&#146;l. Benefits Exclusion Due to Dental Plan Omission &amp;&#146;96 Actuals</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MARATHON OIL COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>R, M &amp; T EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual <BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Workers&#146; Comp. Adjustment to Benefit Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(50</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(87</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(125</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(113</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefits Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,781</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,782</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,755</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,588</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">106</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Marathon Pipe Line Company Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,812</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,759</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,803</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,475</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excess Purchase Price Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">108</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Subs Equity Earnings (AFIT) Reversal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">162</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(27</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(207</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(74</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">109</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">LOOP / LOCAP Equity Earnings (AFIT) Reversal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(775</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,851</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Valuation Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">91,698</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">189,143</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">113,659</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,450</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Valuation EBIT</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">178,348</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">94,091</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">136,489</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">348,454</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">112</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,683</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,465</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,486</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,170</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">151,975</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">134,275</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">103,947</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">126,660</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">114</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(66</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">956</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">346,940</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">243,916</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">256,878</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">491,155</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">116</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">65,256</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,054</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,312</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">73,864</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">118</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">65,256</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,054</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,312</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">73,864</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">119</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Valuation EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">412,196</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">329,970</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">343,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">565,019</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Reported Financial DD&amp;A Expense</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">110,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100,337</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">92,012</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">89,016</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">121</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,339</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,931</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,130</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,646</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">122</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51,072</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,398</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,564</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">66,397</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">123</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,589</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,570</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,542</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,543</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">124</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">171,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">170,235</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">165,248</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">166,602</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company Before Excluded Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,678</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,593</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,717</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,508</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">126</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Eugene Island Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,045</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,046</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,049</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">127</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">South Pass / West Delta Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">204</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">197</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">206</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">East Cameron Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">154</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">129</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company After Excluded Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,276</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,196</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,309</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,508</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,276</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,196</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,309</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,508</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Reported Financial DD&amp;A Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">179,276</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">178,432</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">173,557</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">175,110</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Depreciation Adjustments Refining &amp; Marketing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indianapolis Refinery Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(11,563</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,614</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(835</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(832</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">134</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Process Capital Expenditure Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,378</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">135</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Forecast Loss on Retirement Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">136</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excess Purchase Price Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">137</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Refining &amp; Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(11,563</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,614</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(835</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,210</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MARATHON OIL COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>R, M &amp; T EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual <BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Brand Division Excess Purchase Price Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">139</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,430</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">140</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Forecast Loss on Retirement Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">141</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excess Purchase Price Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">142</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Emro Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,430</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">143</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excess Purchase Price Amort.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">144</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excluded Assets Depreciation (Capline System)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(832</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(837</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(841</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(847</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capline Inclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">832</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">837</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">841</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">847</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">146</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Yates Gathering System Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(594</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(607</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(599</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(633</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Marathon Pipe Line Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(594</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(607</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(599</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(633</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">149</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Excess Purchase Price Amortization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">150</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Subs &amp; Affiliates Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">151</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(15,596</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,223</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,434</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,843</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Adjusted Financial DD&amp;A Expense</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">152</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">98,437</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">92,723</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">91,177</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,806</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">153</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,339</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,931</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,130</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,646</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">154</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">47,642</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,398</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,564</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">66,397</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">155</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,580</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,568</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,542</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,543</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">156</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">155,998</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">162,619</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">164,413</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">164,392</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">157</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,682</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,589</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,710</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,875</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">158</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">159</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,682</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,589</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,710</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,875</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">160</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Adjusted Financial DD&amp;A Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">163,680</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">170,209</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">172,123</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">172,267</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBITDA</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">161</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">233,866</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">162,376</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">166,351</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">472,259</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">162</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,529</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,164</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,651</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23,105</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">163</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">170,151</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">164,323</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">129,954</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">159,551</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">164</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,352</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,680</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,705</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,488</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">165</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">427,898</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">350,542</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">321,661</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">656,403</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">166</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">71,170</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">92,879</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">91,254</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">79,214</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">167</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">775</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,851</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">168</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75,299</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">93,654</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">99,714</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,065</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">169</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBITDA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">503,197</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">444,197</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">421,375</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">739,468</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>MARATHON OIL COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>R, M &amp; T EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual <BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Valuation EBITDA</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">170</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">276,785</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">186,814</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">227,666</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">435,260</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">171</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,022</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24,396</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,616</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,816</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">172</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Emro Marketing Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">199,617</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">193,673</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">165,511</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">193,057</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">173</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,514</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,653</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,498</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,414</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">174</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">502,938</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">406,535</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">421,291</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">655,547</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">175</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Pipe Line Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72,938</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93,643</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94,022</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81,739</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">176</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">177</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72,938</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93,643</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94,022</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81,739</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">178</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Valuation EBITDA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">575,876</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">500,179</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">515,313</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">737,286</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Note:&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBITDA is calculated by adding JV GAAP EBIT, Reported Financial DD&amp;A &amp; Depreciation Adjustments (Plus FAS 121). </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">In-process capital expenditure depreciation is not removed however since the earnings are in JV GAAP EBIT. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ASHLAND PETROLEUM COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>EXCLUDING VALVOLINE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="74%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reported EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">45,362</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(83,243</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,169</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">116,408</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,403</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,477</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,837</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,133</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,562</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,272</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">55,886</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">45,931</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28,182</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,419</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">116,651</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(20,645</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,288</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">174,688</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,682</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">55,562</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54,362</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">57,368</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,494</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,592</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,261</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,909</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29,188</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">53,970</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">55,623</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,277</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:9.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Reported EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">145,839</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,325</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">85,911</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">233,965</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">EBIT Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unusual Items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">34,586</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,659</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(6,697</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">FAS 121 Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Bulk Lube Oils Sales Commission</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,309</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,472</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,159</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,412</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Retail Transfer Price Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,170</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,566</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,971</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">22,882</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Retail Transfer Price Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">8,935</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,819</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,580</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Impact of 3-2-1 Crack Spread Changes</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Asphalt Price Assumption Change</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">No. 6 Oil Price Assumption Change</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amortized Turnaround</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">42,795</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,885</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">35,730</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,120</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Turnaround Expenses - Averaging Method</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(27,171</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(24,385</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(25,395</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(34,676</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Expenses in P&amp;L Excluded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,776</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,915</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,240</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,695</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Incurred-But-Not-Reported Claims Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,996</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,236</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">194</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,695</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Transit Crude Oil LIFO Adjustment Estimate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(6,506</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(16,752</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,945</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unallocated General Administrative Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">25</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Capital Expenditure to Expense Reclassification</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Elimination of Major Asset Lease Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">586</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">880</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,681</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,612</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(61</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(88</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">52</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,022</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,518</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">29</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Refining &amp; Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">38,378</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54,402</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,306</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43,713</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian Unusual Items EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unusual Items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,794</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(339</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(47</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(234</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">32</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity Earnings Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">33</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Scurlock Permian Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(339</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(47</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(234</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,794</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">34</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(56</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,931</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Ashland Brand Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(56</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,931</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">36</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity Earnings Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">37</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unallocated General Administrative Costs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,000</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">38</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Retail Transfer Price Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,170</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,566</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,971</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(22,882</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Additional Retail Transfer Price Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,935</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,819</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,580</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">40</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Liquid Products Margin Equalization</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Expense in P&amp;L Excluded</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,689</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,730</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,074</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,077</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(53</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(186</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">43</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Elimination of Major Asset Lease Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,081</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,186</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17,480</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23,493</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">44</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Incurred-But-Not-Reported Claims Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">676</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(636</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(35</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">508</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Estimated Retail Merchandise LIFO Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,388</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,694</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unusual Items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,316</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,632</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">47</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">48</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total SuperAmerica Group Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(6,996</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(2,852</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">5,269</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,142</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unusual Items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">50</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reversal of Surplus Property Sale Gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(755</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">179</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(900</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">51</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity Earnings Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">52</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity Affiliate Dividends (Not Included)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">53</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Ashland Pipeline Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(755</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">179</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(900</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">54</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Unusual Items</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,925</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">56</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,925</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total EBIT Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">26,872</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">52,679</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,525</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">47,749</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,740</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(28,841</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,137</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">160,121</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,064</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,430</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,603</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,927</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ASHLAND PETROLEUM COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>EXCLUDING VALVOLINE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(56</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,121</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,557</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,272</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">48,890</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43,079</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,451</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">64,561</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">147,638</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">32,789</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">39,634</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">223,337</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,492</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54,807</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54,541</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">56,468</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,419</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,592</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,261</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,909</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">66</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25,073</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">53,215</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">55,802</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">58,377</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">172,711</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,004</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">95,436</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">281,714</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">83,740</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(28,841</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,137</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">160,121</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,064</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">15,430</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,603</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,927</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(56</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,121</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,557</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,272</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">48,890</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">43,079</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,451</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">64,561</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">147,638</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">32,789</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">39,634</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">223,337</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,492</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54,807</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">54,541</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">56,468</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,419</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,592</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,261</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,909</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">66</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">25,073</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">53,215</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">55,802</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">58,377</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">172,711</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">86,004</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">95,436</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">281,714</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Valuation Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">68</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Transit Crude Oil LIFO Adjustment Reversal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,506</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,752</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(18,945</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Process Capital EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">FAS 121 Reversal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">67,929</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefit Plan Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">20,299</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">19,023</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,950</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,224</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Workers&#146; Comp. Adjustment to Benefit Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,644</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,483</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(426</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Refining &amp; Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,655</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">94,941</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">35,276</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,318</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian Benefit Plan Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,541</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,218</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,194</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,955</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Equity Earnings Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(409</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(129</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(82</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Scurlock Permian Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,132</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,089</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,112</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,855</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Benefit Plan Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">275</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">274</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">298</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Recovery Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">411</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">936</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">449</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">79</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Ashland Brand Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">686</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,210</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">747</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Benefit Plan Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,219</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,460</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9,413</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10,040</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Workers&#146; Comp. Adjustment to Benefit Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,079</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,272</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(221</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(57</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Equity Earnings Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(814</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Environmental Recovery Adjustment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,207</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,617</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,042</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,450</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Estimated Retail Merch. LIFO Adj. Reversal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,388</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,694</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,500</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">85</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total SuperAmerica Group Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">11,921</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,043</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17,734</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,933</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Benefit Plan Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">841</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">800</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">797</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">939</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Equity Earnings Exclusion</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,668</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,119</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,314</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,063</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Pipeline Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,827</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,319</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,517</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(3,124</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Subs &amp; Affil. Benefit Plan Expense Elimination</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">362</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">344</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">342</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">424</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Valuation Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,243</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">116,373</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">56,221</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23,704</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Valuation EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">91</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">102,395</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">66,100</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">38,413</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">162,439</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,196</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,519</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">17,715</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">13,782</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(56</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,807</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,347</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,525</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">60,811</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,122</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51,185</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">81,494</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">184,346</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">152,548</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">99,966</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">250,190</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29,665</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51,488</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">51,024</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">53,344</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,057</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,248</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,603</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,333</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">21,608</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">50,240</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">52,627</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">55,677</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Valuation EBIT</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">205,954</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">202,788</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">152,593</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">305,867</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Reported Financial DD&amp;A Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">101</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">108,726</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">106,278</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">96,763</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100,215</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">19,736</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">18,172</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,062</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,364</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">103</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,532</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,856</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ASHLAND PETROLEUM COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>EXCLUDING VALVOLINE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27,316</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29,940</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">31,492</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">35,760</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">106</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">155,778</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">154,439</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">146,849</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">155,195</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,983</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,226</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,146</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,612</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">108</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">202</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">364</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">142</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">109</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,185</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,590</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,288</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,750</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Reported Financial DD&amp;A Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">162,963</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">162,029</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">154,137</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">161,945</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">111</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations DD&amp;A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">112</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Loss on Asset Retirements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,296</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,646</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,387</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">497</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">In-Process Capital Depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">114</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Refining &amp; Marketing Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,296</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,646</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,387</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">497</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian Loss on Retirements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">116</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Loss on Retirements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">117</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Discontinued Operations DD&amp;A</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">118</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Loss on Asset Retirements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,727</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,224</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,347</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">484</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">119</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total SuperAmerica Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,727</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,224</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,347</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">484</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Loss on Retirements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">24</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">277</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">41</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">121</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total DD&amp;A Adjustments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,171</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,279</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">4,830</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,050</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Adjusted Financial DD&amp;A Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">122</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">110,022</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">109,924</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100,150</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100,712</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">123</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">19,811</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,237</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,150</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">16,364</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">124</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">116</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,531</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,884</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">125</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">29,043</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,164</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">32,839</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">36,244</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">126</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">127</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">158,925</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">160,441</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">151,670</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">156,204</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">128</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,007</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,503</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,155</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,653</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">129</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">202</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">364</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">142</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">130</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,209</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,867</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">7,297</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">6,791</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Financial DD&amp;A Expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">166,134</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">168,308</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">158,967</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">162,995</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBITDA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">132</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">193,762</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">149,012</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">103,287</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">260,833</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">34,875</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,667</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">27,753</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">23,291</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">134</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,237</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(6,026</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(5,388</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ASHLAND PETROLEUM COMPANY
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EBIT &amp; EBITDA ADJUSTMENTS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>EXCLUDING VALVOLINE </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>FOR THE YEARS 1994 - ESTIMATED 1997 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($000s) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="68%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1994</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1995</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Actual<BR>1996</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated<BR>1997</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">135</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">77,933</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">75,243</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">66,290</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">100,805</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">136</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">137</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">306,563</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">261,159</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">191,304</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">379,541</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">138</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">40,499</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">62,310</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,696</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">63,121</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">139</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(8,217</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(1,228</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,403</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,047</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">140</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">32,282</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">61,082</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">63,099</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">65,168</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">141</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total JV GAAP EBITDA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">338,845</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">322,241</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">254,403</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">444,709</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Valuation EBITDA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">142</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Refining &amp; Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">212,417</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">176,024</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">138,563</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">263,151</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">143</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Scurlock Permian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">41,007</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">39,756</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">33,865</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">30,146</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">144</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Brand Division</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">3,923</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,816</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(4,641</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">145</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SuperAmerica Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">89,854</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">93,286</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">84,024</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">117,738</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">146</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Other Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">147</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total (Excl. Pipeline Assets)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">343,271</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">312,989</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">251,636</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">406,394</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">148</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Pipeline Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">36,672</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">58,991</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">58,179</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,997</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">149</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Pipeline Transportation Subs &amp; Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(7,855</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(884</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">1,745</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">2,471</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">150</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:5.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sub-Total - Pipeline Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">28,817</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">58,107</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">59,924</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">62,468</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">151</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:7.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total Valuation EBITDA</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">372,088</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">371,096</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">311,560</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">468,862</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Note:&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">JV GAAP EBITDA is calculated by adding JV GAAP EBIT, Reported Financial DD&amp;A and Depreciation Adjustments (Plus FAS 121). </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In-process capital expenditure depreciation is not removed since the earnings
are in JV GAAP EBIT. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>LLC Agreement
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule C </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Initial Executive Officers </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">J. L. Frank</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Executive Vice President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">D. D. Gilliam</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President, Refining</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">M. Spindler</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President, Marketing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">R. E. White</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President, Supply &amp; Transportation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">K. M. Henning</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President, Finance &amp; Commercial Services</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">G. L. Peiffer</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">General Counsel</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">J. M. Wilder</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">President, Speedway Super/America LLC</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">R.&nbsp;N.&nbsp;Yammine</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Vice President, Speedway SuperAmerica LLC</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">J. F. Pettus</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>


</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>7
<FILENAME>putcall.htm
<DESCRIPTION>EXHIBIT 10.19 PUT/CALL REGISTRATION RIGHTS AND STANDSTILL AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Put/Call, Registration Rights and Standstill Agreement</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Exhibit 10.19 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">PUT/CALL, REGISTRATION RIGHTS </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">AND </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">STANDSTILL AGREEMENT </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">Dated as of January 1, 1998 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">among </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">MARATHON OIL COMPANY, </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">USX CORPORATION, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ASHLAND INC. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">MARATHON ASHLAND PETROLEUM LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">TABLE OF CONTENTS </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Page</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE I</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Certain Definitions; Adjustable Amounts;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Representations and Warranties</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;1.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Definitions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;1.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Adjustable Amounts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;1.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Representations and Warranties</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE II</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Special Termination Right</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;2.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Special Termination Right</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;2.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Special Termination Price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;2.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Method of Exercise</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE III</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Marathon Call Right</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;3.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Call Right</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;3.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Marathon Call Price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;3.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Method of Exercise</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;3.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Limitation on Marathon&#146;s Ability To Exercise its Marathon Call Right</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IV</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Ashland Put Right</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;4.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Put Right</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;4.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Put Price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;4.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Method of Exercise</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;4.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Ashland Put Price Election Notice</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;4.05.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Limitation on Ashland&#146;s Ability To Exercise its Ashland Put Right</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE V</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Termination of Certain Distributions; Revocable Proxies</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;5.01.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Termination of Certain Distributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;5.02.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Revocable Proxies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VI</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Determination of the Appraised Value of the Company</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;6.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Determination of Appraised Value of the Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VII</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Determination of the Fair Market Value of Securities</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;7.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">General</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;7.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Determination of Fair Market Value of Marathon Debt Securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;7.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Determination of Fair Market Value of Actively Traded Marathon Equity Securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;7.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Determination of Fair Market Value of Non &#150; Actively Traded Marathon Equity Securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VIII</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Certain Matters Relating to Securities</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;8.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Certain Requirements with Respect to Marathon Debt Securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;8.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Procedures with Respect to the Issuance of Securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;8.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Holding Period</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;8.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Manner of Sale of Marathon Equity Securities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IX</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Closing; Conditions to Closing; Consequences of Delay</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Closing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">46</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Conditions to Closing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of a Delayed Closing of the Marathon Call Right or the Ashland Put Right Where Ashland Is at Fault</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">54</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="83%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of a Delayed Closing of the Marathon Call Right or the Ashland Put Right Where Marathon or USX Is at Fault</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.05.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of a Delayed Closing of the Marathon Call Right or the Ashland Put Right Where No Party Is at Fault</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.06.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of Delayed Second or Third Scheduled Installment Payment</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.07.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of a Delayed Closing of the Special Termination Right Where Terminating Member Is at Fault</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">58</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.08.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of a Delayed Closing of the Special Termination Right Where Non &#150; Terminating Member Is at Fault</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;9.09.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of Delayed Closing of Special Termination Right Where No Party Is at Fault</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE X</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Registration Rights</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Registration upon Request</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">63</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Covenants of the Issuer</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fees and Expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indemnification and Contribution</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.05.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Underwriting Agreement; Purchase Agreement</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;10.06.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Undertaking To File Reports</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XI</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Covenants</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;11.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Cooperation; Commercially Reasonable Best Efforts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;11.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Antitrust Notification; FTC or DOJ Investigation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;11.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Governmental Filings re: Ashland LOOP/LOCAP Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;11.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Designated Sublease Agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XII</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Standstill Agreement</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;12.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restrictions of Certain Actions by Marathon and USX</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;12.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Restrictions of Certain Actions by Ashland</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIII</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Indemnification</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;13.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indemnification re: Ashland Representatives&#146; Revocable Proxies and the Ashland LOOP/LOCAP Revocable Proxy</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;13.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indemnification re: Marathon Representatives Revocable Proxies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;13.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Indemnification re: Transfer of Economic Interests in the Ashland LOOP/LOCAP Interest to Marathon, the Company or a Person Designated by
Marathon</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;13.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Procedures Relating to Indemnification Under This Article XIII</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIV</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Company Competitive Businesses;</U></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Detrimental Activities; Limitations on the</U></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Company Entering into Valvoline&#146;s Business</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;14.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Competitive Businesses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">90</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;14.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Detrimental Activities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;14.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Limitations on the Company Entering into the Valvoline Business</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;14.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Purchase Price of Competitive Business Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">103</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="82%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XV</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Survival; Assignment</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION&nbsp;15.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Survival and Assignment re: Marathon and USX</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">106</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Survival and Assignment re: Ashland</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">107</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Survival and Assignment re: the Company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">109</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Assignment and Assumption Agreements</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">109</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.05.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Consequences of Unpermitted Assignments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XVI</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Dispute Resolution Procedures</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">General</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Dispute Notice and Response</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Negotiation Between Chief Executive Officers</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">110</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Right to Equitable Relief Preserved</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">111</FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XVII</FONT></TD></TR>
<TR>
<TD HEIGHT="8" COLSPAN="5"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="5" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Miscellaneous</U></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.01.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Notices</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">111</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.02.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Merger and Entire Agreement</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.03.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Parties in Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.04.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Counterparts</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.05.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Amendment; Waiver</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.06.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Severability</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">113</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.07.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">GOVERNING LAW</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">114</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.08.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Enforcement</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">114</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.09.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Table of Contents, Headings and Titles</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.10.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Use of Certain Terms; Rules of Construction</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.11.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Holidays</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.12.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Third Parties</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.13.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Liability for Affiliates</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.14.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Schedules</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">116</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="83%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">APPENDIX A Certain Definitions</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SCHEDULE&nbsp;1.03(c)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Conflicts</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">SCHEDULE&nbsp;1.03(d)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Consents</FONT></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">SCHEDULE&nbsp;14.01(a)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Competitive Businesses</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">PUT/CALL, REGISTRATION RIGHTS AND STANDSTILL AGREEMENT dated as of [January 1], 1998,<U><FONT FACE="Times New Roman"
SIZE="1" COLOR="#000000"><SUP>2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></U><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">/ by and among MARATHON OIL COMPANY, an Ohio corporation
(&#147;<U>Marathon</U>&#148;), USX CORPORATION, a Delaware corporation (&#147;<U>USX</U>&#148;), ASHLAND INC., a Kentucky corporation (&#147;<U>Ashland</U>&#148;), and MARATHON ASHLAND PETROLEUM LLC, a Delaware limited liability company (the
&#147;<U>Company</U>&#148;). </FONT></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Preliminary Statement
</U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and Ashland have previously entered into
a Master Formation Agreement dated as of December 12, 1997, relating to the formation of the Company, which will own and operate certain of Marathon&#146;s and Ashland&#146;s respective petroleum supply, refining, marketing, and transportation
businesses; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and Ashland have previously
entered into an Asset Transfer and Contribution Agreement dated as of December 12, 1997, pursuant to which, among other things, Marathon and Ashland will transfer their respective Businesses (as defined below) to the Company; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon, USX and Ashland have previously entered into a Parent
Agreement dated as of December 12, 1997; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and
Ashland have entered into an LLC Agreement dated as of the date hereof in order to establish the rights and responsibilities of each of them with respect to the governance, financing and operation of the Company; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and Ashland have agreed that under certain circumstances,
Ashland will sell to Marathon and Marathon will purchase from Ashland all of Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest (each as defined below), upon the terms and subject to the conditions set forth herein;
</FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">To be dated as of the Closing Date under the Master Formation Agreement. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and Ashland have agreed that if Marathon or Ashland elects to terminate the Term of the
Company pursuant to Section 2.03 of the LLC Agreement, then the non-terminating Member shall have the right to purchase from the terminating Member all of the terminating Member&#146;s Membership Interests, upon the terms and subject to the
conditions set forth herein; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and USX have
agreed that Marathon and USX will grant Ashland certain registration rights with respect to any Securities (as defined below) that Marathon or USX issues to Ashland pursuant to this Agreement in connection with the purchase by Marathon of
Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest, upon the terms and subject to the conditions set forth herein; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon and USX have agreed to certain restrictions with respect to actions relating to Ashland Voting Securities (as defined below), upon the
terms and subject to the conditions set forth herein; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS
Ashland has agreed to certain restrictions with respect to actions relating to USX Voting Securities (as defined below), upon the terms and subject to the conditions set forth herein; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">WHEREAS Marathon, USX and Ashland have agreed to certain restrictions with respect to certain of their business activities,
upon the terms and subject to the conditions set forth herein. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">NOW, THEREFORE, the parties hereto hereby agree as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">ARTICLE I </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Certain Definitions; Adjustable Amounts;
</U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Representations and Warranties </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.01. <U>Definitions.</U> Defined terms used in this Agreement shall have the meanings ascribed to them by definition in this Agreement or in
Appendix A. In addition, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">when used herein the following terms have the following meanings: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Actively Traded Marathon Equity Securities</U>&#148; means Marathon Equity Securities for which there is an active trading market on the National
Market System of the NASDAQ or on a National Securities Exchange during the period commencing 30 days prior to the Closing Date or applicable Installment Payment Date and ending on the Closing Date or such Installment Payment Date. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Adjustable Amount</U>&#148; has the meaning set forth in Section
1.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Adjustable Amounts Notice</U>&#148; has the
meaning set forth in Section 1.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Adjustment
Year</U>&#148; has the meaning set forth in Section 1.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Agreement</U>&#148; means this Put/Call, Registration Rights, and Standstill Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Appraised Value Determination Date</U>&#148; has the meaning set
forth in Section 6.01(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Appraised Value of the
Company</U>&#148; has the meaning set forth in Section 6.01(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Designated Sublease Agreements&#148;</U> means the Ashland Sublease Agreements attached as Exhibits L-1, L-2, L-3 and L-4 to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Exercise Period Distributions</U>&#148; has the meaning set
forth in Section 5.01(a)(i). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland LOOP/LOCAP
Interest</U>&#148; means (i) the 4.0% interest in LOOP LLC owned by Ashland on the date hereof pursuant to the limited liability company agreement of LOOP LLC dated as of October 18, 1996, among Ashland, Marathon Pipe Line Company, Murphy Oil
Corporation, Shell Oil Company and Texaco Inc. and (ii) the 86.20 shares of common stock of LOCAP, Inc. owned by Ashland, which shares on the date hereof represent an 8.6% interest in LOCAP, Inc.; <U>provided</U> </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">that in the event there is a reclassification of the LOOP, LLC membership interests or the common stock of LOCAP, Inc. into one or more different types or
classes of securities, the &#147;Ashland LOOP/LOCAP Interest&#148; shall instead include such different types or classes of securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland LOOP/LOCAP Irrevocable Proxy</U>&#148; has the meaning set forth in Section 9.02(e). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland LOOP/LOCAP Revocable Proxy</U>&#148; has the meaning set
forth in Section 5.02(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Material Adverse
Effect</U>&#148; means, for purposes of Section 1.03, either (i) a material adverse effect on the ability of Ashland to perform its obligations under this Agreement or (ii) an effect on the business, operations, assets, liabilities, results of
operations, cash flows, condition (financial or otherwise) or prospects of Ashland&#146;s Business which results in a Loss of two million dollars ($2,000,000) or more, or, if such Loss is not susceptible to being measured in monetary terms, is
otherwise materially adverse to Ashland&#146;s Business; <U>provided</U> that any such effect relating to or resulting from any change in the price of petroleum or petroleum byproducts, general economic conditions or local, regional, national or
international industry conditions (including changes in financial or market conditions) shall be deemed not to constitute an Ashland Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Membership Interests</U>&#148; means the initial Membership Interests of Ashland on the date hereof, together with any additional
Membership Interests that Ashland may hereafter acquire. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Put Exercise Date</U>&#148; has the meaning set forth in Section 4.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Put Exercise Notice</U>&#148; has the meaning set forth in Section 4.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Put Price</U>&#148; has the meaning set forth in Section 4.01. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Put Price Election Date</U>&#148; has the meaning set forth
in Section 4.04(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Put Price Election Notice</U>&#148; has the meaning set forth in Section 4.04(a).
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Put Right</U>&#148; has the meaning set forth
in Section 4.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Representatives Revocable
Proxies</U>&#148; has the meaning set forth in Section 5.02(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Special Termination Right</U>&#148; means the Special Termination Right granted to Ashland pursuant to Section 2.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Voting Securities</U>&#148; means the securities of Ashland (i) having the power under ordinary circumstances to elect at least a
majority of the board of directors of Ashland (whether or not any senior class of stock has voting power by reason of any contingency) or (ii) convertible into or exchangeable for securities of Ashland having the power under ordinary circumstances
to elect at least a majority of the board of directors of Ashland (whether or not any senior class of stock has voting power by reason of any contingency). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Average Annual Level</U>&#148; means for any twelve-month period ending on December 31 of any calendar year, the average of the level of the
Price Index ascertained by adding the twelve monthly levels of the Price Index during such twelve-month period and dividing the total by twelve. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Base Level</U>&#148; has the meaning set forth in the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Base Rate</U>&#148; means a rate of interest closely approximating that of comparable term senior debt securities
or debt obligations priced to trade at par issued by USX or issued by Marathon and fully guaranteed by USX, or issued by a firm of comparable credit standing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Blackout Period</U>&#148; has the meaning set forth in Section 10.01(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Bulge Bracket Investment Banking Firm</U>&#148; means an investment banking firm that is listed as one of the top
10 investment banking firms for all domestic equity issues in terms of the aggregate dollar amount of such issues (with full credit given to the lead manager) as reported in the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">latest issue of Investment Dealers&#146; Digest or a publication (or otherwise) of similar national repute which provides rankings of investment banking
firms by size of domestic issues. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Bulk Motor Oil
Business</U>&#148; has the meaning set forth in Section 14.03(h). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Cash</U>&#148; means United States dollars or immediately available funds in United States dollars. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Closing</U>&#148; has the meaning set forth in Section 9.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Closing Date</U>&#148; has the meaning set forth in Section 9.01(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Commission</U>&#148; means the Securities and Exchange Commission or
any successor agency having jurisdiction under the Securities Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Company Competitive Business</U>&#148; has the meaning set forth in Section 14.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Competitive Business Assets</U>&#148; has the meaning set forth in Section 14.01(d). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Competitive Third Party</U>&#148; has the meaning set forth
in Section 14.01(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Material Adverse
Effect</U>&#148; means, for purposes of Section 1.03, an effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of the Company&#146;s Business which results in a
Loss of two million dollars ($2,000,000) or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise materially adverse to the Company&#146;s Business; <U>provided</U> that any such effect relating to or resulting
from any change in the price of petroleum or petroleum byproducts, general economic conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) shall be deemed not to constitute
a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Competitive
Business Purchase Price</U>&#148; has the meaning set forth in Section 14.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Confidential Information</U>&#148; has the meaning set forth in Section 14.02(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Confidentiality Agreement</U>&#148; has the meaning set forth in
Section 14.02(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Delayed Closing Date</U>&#148; has
the meaning set forth in Section 9.03(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Delayed
Closing Date Interest Period</U>&#148; has the meaning set forth in Section 9.03(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Delayed Installment Payment Date</U>&#148; has the meaning set forth in Section 9.06. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Delayed Installment Payment Date Interest Period</U>&#148; has the meaning set forth in Section 9.06. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Demand Registration</U>&#148; has the meaning set forth in Section
10.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Designated Sublease Agreements</U>&#148;
means the Ashland Designated Sublease Agreements and the Marathon Designated Sublease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Disclosing Party</U>&#148; has the meaning set forth in Section 14.02(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Dispute</U>&#148; has the meaning set forth in Section 16.01. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Dispute Notice</U>&#148; has the meaning set forth in Section 16.02.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Distributable Cash</U>&#148; has the meaning set
forth in the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Escrow Account</U>&#148;
has the meaning set forth in Section 5.01(a)(ii)(B). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Exercise Date</U>&#148; means the Special Termination Exercise Date, the Marathon Call Exercise Date or the Ashland Put Exercise Date, as
applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Exercise Period Distributions</U>&#148; means Ashland Exercise Period Distributions or Marathon
Exercise Period Distributions, as applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fair
Market Value</U>&#148; has the meaning set forth in Section 7.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>14.01(d) Presentation Meeting</U>&#148; has the meaning set forth in Section 14.01(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.01(d) Scheduled Closing Date</U>&#148; has the meaning set forth in Section 14.01(d). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.03(d) Offer Notice</U>&#148; has the meaning set forth in Section
14.03(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.03(d) Purchase Election Notice</U>&#148;
has the meaning set forth on Section 14.03(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>14.03(d) Scheduled Closing Date</U>&#148; has the meaning set forth in Section 14.03(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.03(f) Offer Notice</U>&#148; has the meaning set forth in Section 14.03(f)(i). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.03(f) Purchase Election Notice</U>&#148; has the meaning set forth in Section 14.03(f)(i). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.04 Appraisal Process Commencement Date</U>&#148; has the meaning
set forth in Section 14.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.04 Appraisal
Report</U>&#148; has the meaning set forth in Section 14.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>14.04 Initial Opinion Values</U>&#148; has the meaning set forth in Section 14.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.04 Subsequent Appraisal Process Commencement Date</U>&#148; has the meaning set forth in Section 14.04. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>14.04 Third Opinion Value</U>&#148; has the meaning set forth in
Section 14.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fully Distributed Sale</U>&#148; has
the meaning set forth in Section 8.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Holding Period</U>&#148; has the meaning set forth in Section 8.03. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Installment Payment</U>&#148; has the meaning set forth in Section
4.02(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Installment Payment Date</U>&#148; means a
Scheduled Installment Payment Date or a Delayed Installment Payment Date, as applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Investment Grade Rating</U>&#148; means a rating of BBB- or higher by S&amp;P or Baa3 or higher by Moody&#146;s or the equivalent of such rating by S&amp;P and Moody&#146;s. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Issuer</U>&#148; has the meaning set forth in Section 10.01(a).
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Issuer Material Adverse Effect</U>&#148; means either
(i) a material adverse effect on the ability of the Issuer to perform its obligations under this Agreement or (ii) a material adverse effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or
otherwise) or prospects of the Issuer and its subsidiaries, taken as a whole; <U>provided</U>, <U>however</U>, that any such effect relating to or resulting from any change in the price of petroleum or petroleum byproducts, general economic
conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) or any change in applicable tax laws or regulations shall be deemed not to constitute an Issuer Material Adverse
Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>LIBOR Rate</U>&#148; means, for any one-month
period or portion thereof, the per annum rate (rounded to the nearest 1/10,000 of 1%) for U.S. dollar deposits for such one-month period which appears on Bloomberg Page DG522a Equity GPGX as of 11:00 a.m. London time on the second London business
day preceding the first day of such one-month period. &#147;<U>Bloomberg Page DG522a Equity GPGX</U>&#148; means the display page designated &#147;DG522a Equity GPGX&#148; on the Bloomberg, L.P. quotation service (or replacement page or successor
service for displaying comparable rates). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Losses</U>&#148; has the meaning set forth in Section 10.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Long Term Debt</U>&#148; means Indebtedness with a maturity of one year or longer. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Maralube Express Business</U>&#148; has the meaning set forth in
Section 14.03(d)(i). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Call Exercise
Date</U>&#148; has the meaning set forth in Section 3.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Call Exercise Notice</U>&#148; has the meaning set forth in Section 3.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Call Price</U>&#148; has the meaning set forth in Section 3.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Call Right</U>&#148; has the meaning set forth in Section 3.01. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Debt Securities</U>&#148; has the meaning set forth in
Section 8.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Designated Sublease
Agreements&#148;</U> means the Marathon Sublease Agreements attached as Exhibits E-1, E-2 and E-3 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Equity Securities</U>&#148; means any of (i) the class of common stock of USX designated as USX-Marathon Group Common Stock, par value
$1.00 per share, (ii) the class of common equity securities of Marathon or, if USX has transferred all of the assets and liabilities of the Marathon Group to a Marathon Group Subsidiary (as such term is defined in the Certificate of Incorporation of
USX) pursuant to Section 2(a) of Division I of Article Fourth of the Certificate of Incorporation of USX and the Board of Directors of USX has declared that all of the outstanding shares of USX-Marathon Group Common Stock be exchanged for shares of
common stock of the Marathon Group Subsidiary, the Marathon Group Subsidiary; <U>provided</U>, that so long as Marathon shall be a subsidiary of USX, such common equity securities shall constitute Marathon Equity Securities only if such class
accounts for USX&#146;s primary ownership interest in Marathon, or (iii) the common equity securities of USX (but only if a single class of common equity securities of USX exists), in each case (1) registered pursuant to Section 12 of the Exchange
Act and (2) issued to Ashland pursuant to Section 4.02(c); <U>provided</U> that in the event there is a </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">reclassification of any of the foregoing classes of common stock into one or more different types or classes of securities, &#147;Marathon Equity
Securities&#148; shall instead include such different types or classes of securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Exercise Period Distributions</U>&#148; has the meanings set forth in Section 5.01(b)(i). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Material Adverse Effect</U>&#148; means, for purposes of Section 1.03, either (i) a material adverse effect on the ability of Marathon
to perform its obligations under this Agreement or (ii) an effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of Marathon&#146;s Business which results in a
Loss of two million dollars ($2,000,000) or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise materially adverse to Marathon&#146;s Business; <U>provided</U> that any such effect relating to or resulting
from any change in the price of petroleum or petroleum byproducts, general economic conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) shall be deemed not to constitute
a Marathon Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Membership Interests</U>&#148; means the initial Membership Interests of Marathon on the date hereof, together with any additional Membership Interests that Marathon may hereafter acquire. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Representatives Revocable Proxies</U>&#148; has the meaning
set forth in Section 5.02(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Special
Termination Right</U>&#148; means the Special Termination Right granted to Marathon pursuant to Section 2.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Market Value of the Company</U>&#148; has the meaning set forth in Section 6.01(c). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Maximum Offering Size</U>&#148; has the meaning set forth in Section 10.01(e). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Mid-Level Employee</U>&#148; has the meaning set forth in Section
14.02(a)(ii). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">11 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Minimum Lube Oil Purchase Amount</U>&#148; has the meaning set forth in Section 14.03(h).
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Moody&#146;s</U>&#148; means Moody&#146;s Investors
Service Inc. and any successor thereto. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>National
Securities Exchange</U>&#148; means a securities exchange registered as a national securities exchange under Section 6 of the Exchange Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>9.04(b) Post-Scheduled Closing Date Distribution Amount</U>&#148; has the meaning set forth in Section 9.04(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>9.08(b) Post-Scheduled Closing Date Distribution Amount</U>&#148;
has the meaning set forth in Section 9.08(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Non-Terminating Member</U>&#148; has the meaning set forth in Section 2.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Offering Memorandum</U>&#148; means any offering memorandum prepared in connection with a sale of Securities effected in accordance with Section
4(2) or Rule 144A under the Securities Act, including all amendments and supplements to such offering memorandum, all exhibits thereto and all materials incorporated by reference in such offering memorandum. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Other Holders</U>&#148; has the meaning set forth in Section
10.01(e). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Packaged Motor Oil Business</U>&#148; has
the meaning set forth in Section 14.03(h). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Percentage
Interest</U>&#148; has the meaning set forth in the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Permitted Investments</U>&#148; means any of the following: (i) any investment in direct obligations of the United States of America or any agency thereof or obligations Guaranteed by the United States of America or any agency
thereof; (ii) investments in time deposit accounts, certificates of deposit and money market deposits maturing within 180 days of the date of acquisition thereof issued by a bank or trust company which is organized under the laws of the United
States of America, any state thereof or any foreign country recognized by the United States of America having capital, surplus and undivided profits </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">aggregating in excess of $250,000,000 (or the foreign currency equivalent thereof) and whose Long Term debt is rated &#147;A&#148; (or higher) by
Moody&#146;s or S&amp;P; (iii) repurchase agreements having terms of not more than 30 days that are (A) collateralized by underlying securities of the types described in clause (i) above having a fair market value at the time the Company enters into
such repurchase agreements of at least 102% of the principal amount of such repurchase agreements and (B) entered into with a bank meeting the qualifications described in clause (ii) above; (iv) investments in commercial paper, maturing not more
than 90 days after the date of acquisition, issued by a corporation (other than an Affiliate of any of the parties hereto) organized and in existence under the laws of the United States of America, any state thereof or any foreign country recognized
by the United States of America with a rating at the time as of which any investment therein is made of both &#147;P-1&#148; (or higher) according to Moody&#146;s and &#147;A-1&#148; (or higher) according to S&amp;P; and (v) investments in
securities with maturities of six months or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated
at least &#147;A&#148; by S&amp;P or &#147;A&#148; by Moody&#146;s. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Price Index</U>&#148; has the meaning set forth in the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Private Label Packaged Motor Oil Business</U>&#148; has the meaning set forth in Section 14.03(h). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Qualifying Public Offering</U>&#148; has the meaning set forth in Section 8.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Quick Lube Business</U>&#148; has the meaning set forth in Section 14.03(h). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Registration Statement</U>&#148; means any registration statement
under the Securities Act which permits the public offering of Securities, including the prospectus included therein, all amendments and supplements to such registration statement or prospectus, including post-effective amendments, all exhibits
thereto and all materials incorporated by reference in such registration statement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Representatives</U>&#148; has the meaning set forth in Section 14.02(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">13 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Response</U>&#148; has the meaning set forth in Section 16.02. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Required Disclosure</U>&#148; has the meaning set forth in Section
7.03(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Required Disclosure Date</U>&#148; has the
meaning set forth in Section 7.03(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Scheduled
Closing Date</U>&#148; has the meaning set forth in Section 9.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Scheduled Installment Payment Date</U>&#148; has the meaning set forth in Section 4.02(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Securities</U>&#148; means Marathon Debt Securities and/or Marathon Equity Securities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Securities Act</U>&#148; means the Securities Act of 1933.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Securities Document</U>&#148; has the meaning set
forth in Section 8.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Senior Employee</U>&#148; has
the meaning set forth in Section 14.02(a)(ii). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>S&amp;P</U>&#148; means Standard &amp; Poor&#146;s Corporation and any successor thereto. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.03(b) Appraisal Process Commencement Date</U>&#148; has the meaning set forth in Section 7.03(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.03(b) Appraisal Report</U>&#148; has the meaning set forth in
Section 7.03(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.03(b) Discount Amount</U>&#148;
has the meaning set forth in Section 7.03(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.03(b)
Initial Opinion Values</U>&#148; has the meaning set forth in Section 7.03(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>7.03(b) Subsequent Appraisal Process Commencement Date</U>&#148; has the meaning set forth in Section 7.03(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.03(b) Third Opinion Value</U><I>&#148; </I>has the meaning set forth in Section 7.03(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">14 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.04 Appraisal Process Commencement Date</U>&#148; has the meaning set forth in Section 7.04(b).
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.04 Appraisal Report</U>&#148; has the meaning set
forth in Section 7.04(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.04 Discount
Amount</U>&#148; has the meaning set forth in Section 7.04(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>7.04 Initial Opinion Values</U>&#148; has the meaning set forth in Section 7.04(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.04 Subsequent Appraisal Process Commencement Date</U>&#148; has the meaning set forth in Section 7.04(b). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>7.04 Third Opinion Value</U><I>&#148; </I>has the meaning set forth
in Section 7.04(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>6.01 Appraisal Process
Commencement Date</U>&#148; has the meaning set forth in Section 6.01(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>6.01 Appraisal Report</U>&#148; has the meaning set forth in Section 6.01(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>6.01 Initial Opinion Values</U>&#148; has the meaning set forth in Section 6.01(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>6.01 Subsequent Appraisal Process Commencement Date</U>&#148; has the meaning set forth in Section 6.01(b).
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>6.01 Third Opinion Value</U><I>&#148; </I>has the
meaning set forth in Section 6.01(b). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special
Termination Exercise Date</U>&#148; has the meaning set forth in Section 2.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Exercise Notice</U>&#148; has the meaning set forth in Section 2.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Price</U>&#148; has the meaning set forth in Section 2.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Right</U>&#148; has the meaning set forth in Section 2.01(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax Liability</U>&#148; has the meaning set forth in the LLC
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax Liability Distributions</U>&#148; means the cash distributions to which a Member is entitled
pursuant to Section 5.01(a) of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Terminating Member</U>&#148; has the meaning set forth in Section 2.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Terminating Member&#146;s Membership Interests</U>&#148; means, if Ashland is the Terminating Member, the Ashland Membership Interests and, if Marathon is the Terminating Member, the Marathon Membership
Interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Terminating Member&#146;s Percentage
Interest</U>&#148; means, if Ashland is the Terminating Member, the Ashland Percentage Interest and, if Marathon is the Terminating Member, the Marathon Percentage Interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Termination Notice</U>&#148; has the meaning set forth in Section 2.01(a). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Trading Day</U>&#148; means any day on which the New York Stock
Exchange is open for business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Underwritten Public
Offering</U>&#148; means an underwritten public offering of Securities pursuant to an effective Registration Statement under the Securities Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>USX Material Adverse Effect</U>&#148; means, for purposes of Section 1.03, a material adverse effect on the ability of USX to perform its
obligations under this Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>USX Voting
Securities</U>&#148; means the securities of USX (i) having the power under ordinary circumstances to elect at least a majority of the board of directors of USX (whether or not any senior class of stock has voting power by reason of any contingency)
or (ii) convertible into or exchangeable for securities of USX having the power under ordinary circumstances to elect at least a majority of the board of directors of USX (whether or not any senior class of stock has voting power by reason of any
contingency); <U>provided</U>, that each class of common equity securities of USX, and any securities of USX convertible into or exchangeable for any such class, shall constitute USX Voting Securities regardless of whether such class has the power
under ordinary circumstances to elect at least a majority of the board of directors of USX. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">16 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Valvoline</U>&#148; has the meaning set forth in Section 14.03(h). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Valvoline Business</U>&#148; has the meaning set forth in Section
14.03(h). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Valvoline Competitive Business
Assets</U>&#148; has the meaning set forth in Section 14.03(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Valvoline Competitive Third Party</U>&#148; has the meaning set forth in Section 14.03(d). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Weighted Average Price</U>&#148; has the meaning set forth in Section 7.03(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.02. <U>Adjustable Amounts.</U> Within 30 days following the date on which the United States Department of Labor
Bureau of Labor Statistics for all Urban Areas publishes the Price Index for (a) the month of December, 2002 and (b) thereafter, the month of December in each five year anniversary of the year 2002 (the year 2002 and each such five year anniversary
being an &#147;<U>Adjustment Year</U>&#148;), the Company shall determine whether the Average Annual Level for the applicable Adjustment Year exceeds the Base Level. If the Company determines that the Average Annual Level for such Adjustment Year
exceeds the Base Level, then the Company shall increase or decrease each of the following amounts (each, an &#147;<U>Adjustable Amount</U>&#148;) to an amount calculated by multiplying the relevant Adjustable Amount by a fraction whose numerator is
the Average Annual Level for such Adjustment Year and whose denominator is the Base Level: (i) the two million dollars ($2,000,000) amount set forth in the definition of &#147;Ashland Material Adverse Effect&#148;; (ii) the two million dollars
($2,000,000) amount set forth in the definition of &#147;Company Material Adverse Effect&#148;; (iii) the two million dollars ($2,000,000) amount set forth in the definition of &#147;Marathon Material Adverse Effect&#148;; (iv) the $250 million
amount set forth in clause (ii) of the definition of &#147;Permitted Investments&#148; in Section 1.01; and (v) the $100 million and $25 million amounts set forth in Section 10.01(a); <U>provided</U> that in no event shall any Adjustable Amount be
decreased below the initial amount thereof set forth herein. Within five Business Days after making such determinations, the Company shall distribute to each Member a notice (an &#147;<U>Adjustable Amounts Notice</U>&#148;) setting forth: (A) the
amount by which the Average Annual Level for such Adjustment Year exceeded the<U></U> </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">17 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Base Level and (B) the calculations of any adjustments made to the Adjustable Amounts pursuant to this Section 1.02. Any adjustment made to the Adjustable
Amounts pursuant to this Section 1.02 shall be effective as of the date on which the Company delivers to the Members the related Adjustable Amounts Notice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 1.03. <U>Representations and Warranties.</U> Each of Marathon and USX represents and warrants to Ashland, and Ashland represents and warrants to
each of Marathon and USX, in each case as of the date hereof and will be required to represent and warrant as of any Closing Date, as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Due Organization, Good Standing and Power.</U> It is a corporation duly organized, validly existing and in good standing under the
laws of the jurisdiction of its incorporation with the power and authority to own, lease and operate its assets and to conduct the business now being or to be conducted by it. It is duly authorized, qualified or licensed to do business as a foreign
corporation or other organization in good standing in each of the jurisdictions in which its right, title or interest in or to any of the assets held by it or the business conducted by it requires such authorization, qualification or licensing,
except where the failure to be so authorized, qualified, licensed or in good standing would not have and would not reasonably be expected to have, individually or in the aggregate, a Marathon Material Adverse Effect, a USX Material Adverse Effect or
an Ashland Material Adverse Effect, as the case may be. It has all requisite power and authority to enter into this Agreement and to perform its obligations hereunder. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Authorization and Validity of Agreements.</U> The execution and delivery by it of this Agreement and
the consummation by it of the transactions contemplated hereby have been duly authorized and approved by all necessary corporate or other action on its part. This Agreement has been duly executed and delivered by it. This Agreement is its legal,
valid and binding obligation, enforceable against it in accordance with its terms. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Lack of Conflicts.</U> Except as set forth on <U>Schedule 1.03(c)</U> to the Marathon, USX or Ashland Put/Call, Registration Rights
and Standstill Disclosure </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">18 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Letter, as applicable, neither the execution and delivery by it of this Agreement nor the consummation by it of the transactions contemplated hereby does or
will (i) conflict with, or result in the breach of any provision of, its charter or by-laws or similar governing or organizational documents or any of its subsidiaries, (ii) violate any Applicable Law or any permit, order, award, injunction, decree
or judgment of any Governmental Authority applicable to or binding upon it or any of its subsidiaries or to which any of their respective properties or assets is subject, (iii) violate, conflict with or result in the breach or termination of, or
otherwise give any other person the right to terminate, or constitute a default, an event of default or an event which with notice, lapse of time or both, would constitute a default or an event of default under the terms of, any mortgage, indenture,
deed of trust or lease or other agreement or instrument to which it or any of its subsidiaries is a party or by which any of their respective properties or assets is subject, except, in the case of clauses (ii) or (iii), for such violations,
conflicts, breaches, terminations and defaults which would not have and would not reasonably be expected to have, individually, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>No Consents.</U> Except as set forth on <U>Schedule 1.03(d)</U> to the Marathon, USX or Ashland
Put/Call, Registration Rights and Standstill Disclosure Letter, as applicable, no Governmental Approval or other consent is required by it for the execution and delivery by it of this Agreement or for the consummation of the transactions
contemplated hereby except (a) for such Governmental Approvals or other consents as have been obtained or are contemplated hereby to be obtained after Closing or (b) where the failure to obtain such Governmental Approvals or other consents would not
have and would not reasonably be expected to have, individually, a Company Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">19 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE II </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Special Termination Right </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.01. <U>Special Termination Right.</U> (a) If Ashland or Marathon (the &#147;<U>Terminating Member</U>&#148;) notifies the Board of Managers of
the Company and the other Member (the &#147;<U>Non-Terminating Member</U>&#148;) in writing pursuant to Section 2.03 of the LLC Agreement that it wants to terminate the term of the Company at the end of the Initial Term or any succeeding 10-year
period (any such notice being a &#147;<U>Termination Notice</U>&#148;), then, subject to Section 2.01(b), the Non-Terminating Member shall have the right, exercisable at any time during the 180-day period following its receipt from the Terminating
Member of a Termination Notice, to purchase from the Terminating Member on the Scheduled Closing Date (the &#147;<U>Special Termination Right</U>&#148;), and the Terminating Member shall thereupon be required to sell to the Non-Terminating Member on
the Scheduled Closing Date, all of its Membership Interests and, in the circumstance where Ashland is the Terminating Member, the Ashland LOOP/LOCAP Interest, for an aggregate amount equal to the purchase price (the &#147;<U>Special Termination
Price</U>&#148;) set forth in Section 2.02(a), plus interest on the Special Termination Price at a rate per annum equal to the Base Rate, with daily accrual of interest, for the period commencing on the Special Termination Exercise Date and ending
on the Scheduled Closing Date. The Special Termination Right shall automatically terminate at the close of business on the 180th day following the Non-Terminating Member&#146;s receipt of a Termination Notice, unless previously exercised by the
Non-Terminating Member in accordance with the provisions of Section 2.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) Notwithstanding anything to the contrary contained in Section 2.01(a), if Marathon and Ashland each deliver a Terminating Notice to the Board of Managers of the Company and the other Member, then neither Marathon
nor Ashland shall have a Special Termination Right. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION
2.02. <U>Special Termination Price.</U> (a) <U>Amount.</U> The Special Termination Price shall be an amount equal to the product of (i) 100% of the Appraised Value of the Company multiplied by (ii) the Terminating Member&#146;s Percentage Interest.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">20 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Timing of Payment.</U> The Non-Terminating Member shall pay the entire Special Termination Price,
together with accrued interest calculated as set forth in Section 2.01, on the Scheduled Closing Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Form of Consideration.</U> The Non-Terminating Member shall pay the Special Termination Price, and all accrued interest, in Cash. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 2.03. <U>Method of Exercise.</U> The Non-Terminating Member shall
exercise its Special Termination Right by delivering to the Terminating Member a notice of such exercise (the &#147;<U>Special Termination Exercise Notice</U>&#148;). The date of the Terminating Member&#146;s receipt of the Special Termination
Exercise Notice shall be deemed to be the date of the Non-Terminating Member&#146;s exercise of its Special Termination Right (the &#147;<U>Special Termination Exercise Date</U>&#148;) and, except as expressly provided in Sections 9.08(a) and 9.09,
the Non-Terminating Member&#146;s exercise of its Special Termination Right shall thereafter be irrevocable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE III </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><U>Marathon Call Right </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.01. <U>Marathon
Call Right.</U> Subject to Section 3.04, at any time on and after December 31, 2004, Marathon shall have the right to purchase from Ashland on the Scheduled Closing Date (the &#147;<U>Marathon Call Right</U>&#148;), and Ashland shall thereupon be
required to sell to Marathon on the Scheduled Closing Date, all of Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest, for an aggregate amount equal to the purchase price (the &#147;<U>Marathon Call Price</U>&#148;) set forth in
Section 3.02(a), plus interest on the Marathon Call Price at a rate per annum equal to the Base Rate, with daily accrual of interest, for the period commencing on the Marathon Call Exercise Date and ending on the Scheduled Closing Date. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.02. <U>Marathon Call Price.</U> (a) <U>Amount.</U> The Marathon
Call Price shall be an amount equal to the product of (i) 115% of the Appraised Value of the Company multiplied by (ii) Ashland&#146;s Percentage Interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">21 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Timing of Payment.</U> Marathon shall pay the entire Marathon Call Price, together with accrued
interest calculated as set forth in Section 3.01, on the Scheduled Closing Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Form of Consideration.</U> Marathon shall pay the Marathon Call Price, and all accrued interest, in Cash. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.03. <U>Method of Exercise.</U> Marathon shall exercise its Marathon Call Right by delivering to Ashland a notice of such exercise (the
&#147;<U>Marathon Call Exercise Notice</U>&#148;). The date of Ashland&#146;s receipt of the Marathon Call Exercise Notice shall be deemed to be the date of Marathon&#146;s exercise of its Marathon Call Right (the &#147;<U>Marathon Call Exercise
Date</U>&#148;) and, except as expressly provided in Sections 9.03(a), 9.04(a) and 9.05, Marathon&#146;s exercise of its Marathon Call Right shall thereafter be irrevocable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 3.04. <U>Limitation on Marathon&#146;s Ability To Exercise its Marathon Call Right</U> If prior to the Marathon Call
Exercise Date, Ashland elects to Transfer its Membership Interests to a third party pursuant to Section 10.01(c) of the LLC Agreement, and in connection therewith delivers to Marathon the requisite Offer Notice pursuant to Section 10.04 of the LLC
Agreement, Marathon shall not be permitted to exercise its Marathon Call Right for a period commencing on the date of Marathon&#146;s receipt of such Offer Notice and ending on the earliest of (i) 120 days (or 270 days if a second request has been
made under HSR) following such receipt, (ii) the closing of such Transfer, and (iii) the date such proposed Transfer by Ashland shall have been finally abandoned. After such period, Marathon shall be entitled to exercise its Marathon Call Right.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IV </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Ashland Put Right </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.01. <U>Ashland Put Right.</U> Subject to Section 4.05, at any time
after December 31, 2004, Ashland shall have the right to sell to Marathon on the Scheduled Closing Date (the &#147;<U>Ashland Put Right</U>&#148;), and Marathon shall thereupon be required to purchase from Ashland on the Scheduled Closing Date, all
of Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest, for an </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">22 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">aggregate amount equal to the purchase price (the &#147;<U>Ashland Put Price</U>&#148;) set forth in Section 4.02, plus interest on the Ashland Put Price
(or, in the event that Marathon elects to pay the Ashland Put Price in installments, any unpaid portion of the Ashland Put Price) at a rate per annum equal to the Base Rate, with daily accrual of interest, for the period commencing on the Ashland
Put Exercise Date and ending on the Scheduled Closing Date (or, in the event that Marathon elects to pay the Ashland Put Price in installments, on the applicable Scheduled Installment Payment Date). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.02. <U>Ashland Put Price.</U> (a) <U>Amount.</U> The Ashland Put
Price shall be an amount equal to the sum of (i) for that portion of the Ashland Put Price to be paid to Ashland in Cash or in Marathon Debt Securities, an amount equal to the product of (x) 85% of the Appraised Value of the Company multiplied by
(y) Ashland&#146;s Percentage Interest multiplied by (z) the percentage of the Ashland Put Price to be paid to Ashland in Cash and/or in Marathon Debt Securities, plus (ii) for that portion of the Ashland Put Price to be paid to Ashland in Marathon
Equity Securities, an amount equal to the product of (x) 90% of the Appraised Value of the Company multiplied by (y) Ashland&#146;s Percentage Interest multiplied by (z) the percentage of the Ashland Put Price to be paid to Ashland in Marathon
Equity Securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Timing of Payment.</U> Subject to
Section 4.02(d), Marathon shall have the right to elect, by specifying in the Ashland Put Price Election Notice, to (i) pay the entire Ashland Put Price on the Scheduled Closing Date or (ii) pay the Ashland Put Price in three equal installments
(each an &#147;<U>Installment Payment</U>&#148;), in either case, together with accrued interest calculated as set forth in Section 4.01. If Marathon elects to pay the Ashland Put Price in installments, Marathon shall pay Ashland (x) the first
Installment Payment on the Scheduled Closing Date; (y) the second Installment Payment on the first anniversary of the Scheduled Closing Date; and (z) the third Installment Payment on the second anniversary of the Scheduled Closing Date (each such
date being a &#147;<U>Scheduled Installment Payment Date</U>&#148;), in each case, together with accrued interest calculated as set forth in Section 4.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Form of Consideration.</U> Subject to Section 4.02(d), Marathon shall have the right to elect, by specifying in an Ashland Put Price Election
Notice, to pay </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">23 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">the Ashland Put Price (i) entirely in Cash or (ii) in a combination of Cash and Securities; <U>provided</U> that at least 50% of the Ashland Put Price (and
at least 50% of each Installment Payment if Marathon elects to pay in installments) shall consist of Cash; <U>provided</U> <U>further</U>, that the sum of (x) the Fair Market Value of any Securities issued to Ashland on the Closing Date (or on any
Installment Payment Date) plus (y) the amount of Cash paid to Ashland on the Closing Date (or on such Installment Payment Date) in respect of the Ashland Put Price, in each case exclusive of any interest paid thereon, shall equal the Ashland Put
Price (or the applicable Installment Payment); and <U>provided</U> <U>further</U>, that in no event shall Marathon or USX issue to Ashland an amount of Marathon Equity Securities that would cause Ashland to own, directly or indirectly, at the
Closing or on any Scheduled Installment Payment Date in the aggregate 10% or more of the number of shares of such class of Marathon Equity Securities that are outstanding on the Closing Date and are publicly held (it being understood and agreed that
for purposes of this Section 4.02(c), any shares of such class of Marathon Equity Securities that are either held by Marathon or any of its Affiliates or subject to restrictions on transfer shall not be considered publicly held). Marathon shall pay
all accrued interest in Cash. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Consequences of Failure
to Make Certain Elections.</U> Notwithstanding anything to the contrary in this Agreement: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) if Marathon fails to deliver to Ashland an Ashland Put Price Election Notice within the requisite time period set forth in Section
4.04(a) or if Marathon delivers to Ashland an Ashland Put Price Election Notice that states that the entire Ashland Put Price will be paid at Closing but does not state whether any portion of the Ashland Put Price will be paid in Securities,
Marathon shall thereafter be required to pay Ashland the entire Ashland Put Price in Cash on the Closing Date; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) if Marathon delivers to Ashland an Ashland Put Price Election Notice pursuant to Section 4.04(a) that does not indicate whether it is
electing to pay the Ashland Put Price in installments, Marathon shall thereafter be required to pay Ashland the entire Ashland Put Price on the Closing Date; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">24 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) if Marathon delivers to Ashland an Ashland Put Price Election Notice pursuant to
Section 4.04(a) that does not indicate the form of consideration regarding the Ashland Put Price (or, if such Ashland Put Price Election Notice states that Marathon has elected to pay the Ashland Put Price in installments, the first Installment
Payment), Marathon shall thereafter be required to pay Ashland the entire Ashland Put Price (or first Installment Payment) in Cash on the Closing Date; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) if Marathon has elected in its Ashland Put Price Election Notice delivered pursuant to Section 4.04(b) to pay the Ashland Put Price
in installments and thereafter if Marathon fails to deliver to Ashland an Ashland Put Price Election Notice within the requisite time period set forth in Section 4.04(b) for any Scheduled Installment Payment Date, Marathon shall thereafter be
required to pay Ashland the entire Installment Payment in Cash on the applicable Installment Payment Date; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) if Marathon elects in any Ashland Put Price Election Notice to issue (or to have USX issue) to Ashland Actively Traded Marathon Equity
Securities on the Closing Date (or applicable Installment Payment Date) and at any time prior to the Closing Date (or such Installment Payment Date), such Securities cease for whatever reason to be Actively Traded Marathon Equity Securities,
Marathon shall thereafter be required to pay Ashland the entire Ashland Put Price (or the applicable Installment Payment) in Cash on the Closing Date (or applicable Installment Payment Date); and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vi) if Marathon elects in any Ashland Put Price Election
Notice to issue (or to have USX issue) to Ashland Actively Traded Marathon Equity Securities on the Closing Date (or applicable Installment Payment Date) and Marathon fails to give the related Required Disclosure on the applicable Required
Disclosure Date, Marathon shall thereafter be required to pay to Ashland the entire Ashland Put Price (or the applicable Installment Payment) in Cash on the Closing Date (or on such Installment Payment Date). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">25 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.03. <U>Method of Exercise.</U> Ashland may exercise its Ashland Put Right by delivering to
Marathon a notice of such exercise (the &#147;<U>Ashland Put Exercise Notice</U>&#148;). The date of Marathon&#146;s receipt of the Ashland Put Exercise Notice shall be deemed to be the date of Ashland&#146;s exercise of its Ashland Put Right (the
&#147;<U>Ashland Put Exercise Date</U>&#148;) and, except as expressly provided in Sections 9.03(a), 9.04(a) and 9.05, Ashland&#146;s exercise of its Ashland Put Right shall thereafter be irrevocable. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.04. <U>Ashland Put Price Election Notice.</U> (a) <U>Notice re:
Closing.</U> Within five Business Days after the Appraised Value Determination Date, Marathon shall notify Ashland (a &#147;<U>Ashland Put Price Election Notice</U>&#148;) as to (i) whether it elects to pay the Ashland Put Price (A) entirely at
Closing or (B) in three equal installments and (ii) whether Marathon elects to pay part of the Ashland Put Price or first Installment Payment, as applicable, at Closing in Securities, and, if so, (A) the name of the issuer of such Securities, (B)
the type of such Securities, (C) the portion of the Ashland Put Price or first Installment Payment, as applicable, which will be comprised of such Securities, (D) whether it elects to impose a Holding Period with respect to any of such Securities
and (E) the length of any such Holding Period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Notices
re: Second and Third Scheduled Installment Payment Dates.</U> Within 45 days prior to each of the second and third Scheduled Installment Payment Dates, if applicable, Marathon shall deliver to Ashland an Ashland Put Price Election Notice as to
whether Marathon elects to pay part of the applicable Installment Payment in Securities, and, if so, (i) the name of the issuer of such Securities, (ii) the type of Securities, (iii) the portion of the applicable Installment Payment which will be
comprised of such Securities, (iv) whether it elects to impose a Holding Period with respect to any of such Securities and (v) the length of any such Holding Period. The date of Ashland&#146;s receipt of any Ashland Put Price Election Notice is
referred to herein as the &#147;<U>Ashland Put Price Election Date</U>&#148; with respect to such Ashland Put Price Election Notice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Additional Information With Respect to Securities.</U> If Marathon elects to pay any part of the Ashland Put Price in Securities, then in addition
to the information provided to Ashland in the Ashland Put Price Election Notice pursuant to Section 4.04(a) or 4.04(b), </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">26 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Marathon shall provide Ashland and its advisors with any other information concerning such Securities that Ashland or its advisors may reasonably request.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Irrevocability of Elections</U>. Marathon&#146;s
elections as set forth in an Ashland Put Price Election Notice shall be irrevocable upon Ashland&#146;s receipt of such Ashland Put Price Election Notice; <U>provided</U> that at any time prior to the date that is ten Business Days prior to the
Closing Date (or applicable Installment Payment Date) Marathon shall have the right to change a previous election to pay part of the Ashland Put Price (or applicable Installment Payment) in Securities to an election to pay a greater portion of or
the entire Ashland Put Price (or applicable Installment Payment) in Cash, or to change a previous election to pay the Ashland Put Price in installments to an election to pay the entire or remaining Ashland Put Price on the Closing Date (or
applicable Installment Payment Date). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 4.05.
<U>Limitation on Ashland&#146;s Ability To Exercise its Ashland Put Right</U> If prior to the Ashland Put Exercise Date, Marathon elects to Transfer all of its Membership Interests to a third party pursuant to Section 10.01(c) of the LLC Agreement,
and in connection therewith delivers to Ashland the requisite Offer Notice pursuant to Section 10.04 of the LLC Agreement, Ashland shall not be permitted to exercise its Ashland Put Right for a period commencing on the date of Ashland&#146;s receipt
of such Offer Notice and ending on the earlier of (i) 120 days (270 days if a second request has been made under HSR) following such receipt, (ii) the closing of such Transfer, and (iii) the date such proposed Transfer by Marathon shall have been
finally abandoned. After such period, Ashland shall be entitled to exercise its Ashland Put Right. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE V </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><U>Termination of Certain Distributions; Revocable Proxies </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">SECTION 5.01. <U>Termination of Certain Distributions</U> (a) <U>Distributions to Ashland.</U> (i) Subject to Sections 9.04(a), 9.05, 9.08(a) and 9.09, in the event that Marathon exercises its Marathon Call Right or its Special Termination
Right, or in the event that Ashland exercises its Ashland Put Right, then on the relevant </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">27 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Exercise Date, Ashland shall cause each of its Representatives to authorize Marathon&#146;s Representatives to cause the Company to withhold from Ashland all
distributions of Distributable Cash and all Tax Liability Distributions that Ashland would otherwise be entitled to receive pursuant to Article V of the LLC Agreement during the period from the relevant Exercise Date to the Closing Date, other than
(i) all distributions of Distributable Cash and Tax Liability Distributions that are attributable to any Fiscal Quarter that ends on or prior to the close of business on the relevant Exercise Date, (ii) a pro rata portion of all distributions of
Distributable Cash and Tax Liability Distributions that are attributable to the portion of a Fiscal Quarter that begins prior to the relevant Exercise Date and that ends after such Exercise Date and (iii) all Tax Liability Distributions that are
attributable to the period from the relevant Exercise Date to the Closing Date to the extent that Ashland has any Tax Liability during such period (&#147;<U>Ashland Exercise Period Distributions</U>&#148;). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Any Ashland Exercise Period Distributions withheld from Ashland pursuant
to Section 5.01(a)(i) shall be distributed by the Company as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(A) if at the time such distribution is so withheld, either (1) USX&#146;s Long Term Debt has an Investment Grade Rating and USX has agreed in writing to guarantee (which guarantee shall be a guarantee of payment)
Marathon&#146;s obligations to pay to Ashland in the circumstances set forth in Sections 9.04(a) and 9.05 (pursuant to a guarantee agreement in form and substance reasonably satisfactory to Ashland and its counsel) or (2) Marathon&#146;s Long Term
Debt has an Investment Grade Rating, then the Company shall pay such Ashland Exercise Period Distributions directly to Marathon; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) if at the time such distribution is so withheld, (1) Marathon&#146;s Long Term Debt does not have an Investment Grade Rating and (2)
either (x) USX&#146;s Long Term Debt does not have an Investment Grade Rating or (y) USX&#146;s Long Term Debt has an Investment Grade Rating but USX has not agreed in writing to guarantee Marathon&#146;s payment obligations described in clause (2)
of subparagraph (A) above, then Marathon&#146;s Representatives shall cause the Company to, and the Company shall, deposit all Ashland Exercise Period </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">28 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Distributions into an escrow account to be established by the Company (the &#147;<U>Escrow Account</U>&#148;) and to release such deposits from the Escrow
Account only in accordance with this Agreement. All amounts in the Escrow Account shall be invested only in Permitted Investments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Distributions to Marathon.</U> (i) Subject to Sections 9.08(a) and 9.09, in the event that Ashland exercises its Special Termination Right in
accordance with the terms hereof, then on the Special Termination Exercise Date, Marathon shall cause each of its Representatives to authorize Ashland&#146;s Representatives to cause the Company to withhold from Marathon all distributions of
Distributable Cash and all Tax Liability Distributions that Marathon would otherwise be entitled to receive pursuant to Article V of the LLC Agreement during the period from the Special Termination Exercise Date to the Closing Date, other than (A)
all distributions of Distributable Cash and Tax Liability Distributions that are attributable to any Fiscal Quarter that ends on or prior to the close of business on the Special Termination Exercise Date, (B) a pro rata portion of all distributions
of Distributable Cash and Tax Liability Distributions that are attributable to the portion of a Fiscal Quarter that begins prior to the Special Termination Exercise Date and that ends after the Special Termination Exercise Date and (C) all Tax
Liability Distributions that are attributable to the period from the Special Termination Exercise Date to the Closing Date to the extent that Marathon has any Tax Liability during such period (&#147;<U>Marathon Exercise Period
Distributions</U>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Any Marathon Exercise Period
Distributions withheld from Ashland pursuant to Section 5.01(a) shall be distributed by the Company as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) if at the time such distribution is so withheld, Ashland&#146;s Long Term Debt has an Investment Grade Rating, then the Company shall
pay such Marathon Exercise Period Distributions directly to Ashland; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(B) if at the time such distribution is so withheld, Ashland&#146;s Long Term Debt does not have an Investment Grade Rating, then Ashland&#146;s Representatives shall cause the Company to, and the Company shall,
deposit all Marathon Exercise Period Distributions into an Escrow Account and to release such deposits from the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">29 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Escrow Account only in accordance with this Agreement. All amounts in the Escrow Account shall be invested only in Permitted Investments. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 5.02. <U>Revocable Proxies.</U> (a) <U>Ashland Representatives
Revocable Proxies.</U> Subject to Sections 9.04(a), 9.05, 9.08(a) and 9.09, in the event that Marathon exercises its Marathon Call Right or its Special Termination Right, or in the event that Ashland exercises its Ashland Put Right, then on the
relevant Exercise Date, Ashland shall cause each of its Representatives to grant to Marathon&#146;s Representatives a proxy (the &#147;<U>Ashland Representatives Revocable Proxies</U>&#148;) which shall authorize Marathon&#146;s Representatives to
cast each Ashland Representative&#146;s vote at a Board of Managers&#146; meeting (but not by written consent in lieu of a meeting in accordance with Section 8.04(h) of the LLC Agreement unless Marathon shall have given Ashland prior written notice
of the specific action to be taken by such written consent) in favor of or against any of the Super Majority Decisions described in Sections 8.08 of the LLC Agreement, as Marathon&#146;s Representatives shall, in their sole discretion, determine,
other than any vote with respect to a Super Majority Decision described in Sections 8.08(c) (admission of a new Member; issuance of additional Membership Interests), 8.08(d) (additional capital contributions), 8.08(i) (change in Company&#146;s
independent auditors), 8.08(j) (amendments to LLC Agreement or other Transaction Documents to which Company or its subsidiaries is a party), 8.08(l) (bankruptcy), 8.08(m) (modification of provisions re: distributions of Distributable Cash) or
8.08(q) (delegation to a Member of power to unilaterally bind the Company), with respect to which Ashland&#146;s Representatives shall retain all of their rights and authority to vote; <U>provided</U> that Marathon shall not, and shall cause each of
its Representatives not to, take any action through the exercise of the Ashland Representatives Revocable Proxies to cause the Company&#146;s status as a partnership for Federal income tax purposes to terminate prior to the Closing Date. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Marathon Representative Revocable Proxy.</U> Subject to Sections
9.08(a) and 9.09, in the event that Ashland exercises its Special Termination Right, then on the Special Exercise Date, Marathon shall cause each of its Representatives to grant to Ashland&#146;s Representatives a proxy (the &#147;<U>Marathon
Representatives Revocable Proxies</U>&#148;) which shall authorize Ashland&#146;s Representatives to cast each </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">30 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Marathon Representative&#146;s vote at a Board of Managers&#146; meeting (but not by written consent in lieu of a meeting in accordance with Section 8.04(h)
of the LLC Agreement unless Ashland shall have given Marathon prior written notice of the specific action to be taken by such written consent) in favor of or against any of the Super Majority Decisions described in Sections 8.08 of the LLC
Agreement, as Ashland&#146;s Representatives shall, in their sole discretion, determine, other than any vote with respect to a Super Majority Decision described in Section 8.08(c), 8.08(d), 8.08(i), 8.08(j), 8.08(l), 8.08(m) or 8.08(q) (except as
expressly provided in Section 5.01), with respect to which Marathon&#146;s Representatives shall retain all of their rights and authority to vote; <U>provided</U> that Ashland shall not, and shall cause each of its Representatives not to, take any
action through the exercise of the Marathon Representatives Revocable Proxies to cause the Company&#146;s status as a partnership for Federal income tax purposes to terminate prior to the Closing Date. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Ashland LOOP/LOCAP Revocable Proxy.</U> Subject to Sections 9.04(a),
9.05, 9.08(a) and 9.09, in the event that Marathon exercises its Marathon Call Right or its Special Termination Right, or in the event that Ashland exercises its Ashland Put Right, then on the relevant Exercise Date, Ashland shall grant to Marathon,
or such other person as Marathon shall designate, a proxy (the &#147;<U>Ashland LOOP/LOCAP Revocable Proxy</U>&#148;) which shall authorize Marathon and its Representatives (or such other person) to exercise on Ashland&#146;s behalf, all of
Ashland&#146;s voting rights with respect to the Ashland LOOP/LOCAP Interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">ARTICLE VI </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Determination of
the Appraised Value of the Company </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 6.01.
<U>Determination of Appraised Value of the Company.</U> (a) <U>Negotiation Period.</U> If Marathon exercises its Special Termination Right or its Marathon Call Right or if Ashland exercises its Special Termination Right or its Ashland Put Right,
then for a period of 60 days following the relevant Exercise Date, Marathon and Ashland shall negotiate in good faith to seek to reach agreement as to the Market Value of the Company. If Marathon and Ashland reach such an agreement, then the Market
Value of the Company shall be deemed to be the amount so agreed upon by Marathon and Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">31 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Appraisal Process.</U> In the event Marathon and Ashland are unable to reach an agreement as to
the Market Value of the Company within the 60-day period referred to in Section 6.01(a), then within five Business Days after the expiration of such 60-day period (such fifth Business Day being referred to herein as the &#147;<U>6.01 Appraisal
Process Commencement Date</U>&#148;), Marathon and Ashland each shall select a nationally recognized investment banking firm to (i) prepare a report which (A) sets forth such investment banking firm&#146;s determination of the Market Value of the
Company (which shall be a single amount as opposed to a range) and (B) includes work papers which indicate the basis for and calculation of the Market Value of the Company (a &#147;<U>6.01 Appraisal Report</U>&#148;) and (ii) deliver to Marathon or
Ashland, as the case may be, an oral and written opinion addressed to such party as to the Market Value of the Company. The fees and expenses of each investment banking firm shall be paid by the party selecting such investment banking firm. Each of
Marathon and Ashland shall instruct its respective investment banking firm to (i) not consult with the other investment banking firm with respect to its view as to the Market Value of the Company prior to the time that both investment banking firms
have delivered their respective opinions to Marathon or Ashland, as applicable, (ii) determine the Market Value of the Company in accordance with Section 6.01(c), (iii) deliver their respective 6.01 Appraisal Reports, together with their oral and
written opinions as to the Market Value of the Company (the &#147;<U>6.01 Initial Opinion Values</U>&#148;), within 60 days after the 6.01 Appraisal Process Commencement Date, and (iv) deliver a copy of its written opinion and its 6.01 Appraisal
Report to the Company, the other party and the other party&#146;s investment banking firm at the time it delivers its oral and written opinion to Marathon or Ashland, as applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the 6.01 Initial Opinion Values differ and the lesser 6.01 Initial Opinion Value equals or exceeds 90% of the greater
6.01 Initial Opinion Value, the Market Value of the Company shall be deemed to be an amount equal to (i) the sum of the 6.01 Initial Opinion Values divided by (ii) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">32 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the 6.01 Initial Opinion Values differ and the lesser 6.01 Initial Opinion Value is less than 90% of
the greater 6.01 Initial Opinion Value, then: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(i) within two Business Days after both investment banking firms have delivered their respective opinions to Marathon or Ashland, as applicable, each investment banking firm shall, at a single meeting at which Marathon, Ashland, the Company
and the other investment banking firm are present,make a presentation with respect to its 6.01 Initial Opinion Value. At such presentation, Marathon, Ashland, the Company and the other investment banking firm shall be entitled to ask questions as to
the basis for and the calculation of such investment banking firm&#146;s 6.01 Initial Opinion Value; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Marathon and Ashland shall, within five Business Days after the date Marathon and Ashland receive the 6.01 Initial Opinion Values
(such fifth Business Day being referred to herein as the &#147;<U>6.01 Subsequent Appraisal Process Commencement Date</U>&#148;), jointly select a third nationally recognized investment banking firm to (A) prepare a 6.01 Appraisal Report and (B)
deliver an oral and written opinion addressed to Marathon and Ashland as to the Market Value of the Company. The fees and expenses of such third investment banking firm shall be paid 50% by Marathon and 50% by Ashland. Such third investment banking
firm shall not be provided with the 6.01 Initial Opinion Values and shall not consult with the initial investment banking firms with respect thereto. During such five-Business Day period, Marathon and Ashland shall negotiate in good faith to
independently reach an agreement as to the Market Value of the Company. If Marathon and Ashland reach such an agreement, then the Market Value of the Company shall be deemed to be the amount so agreed upon by Marathon and Ashland. If Marathon and
Ashland are unable to reach such an agreement, then Marathon and Ashland shall instruct such third investment banking firm to (A) determine the Market Value of the Company in accordance with Section 6.01(c) and (B) deliver its 6.01 Appraisal Report,
together with its oral and written opinion (the &#147;<U>6.01 Third Opinion Value</U>&#148;), within 60 days after the 6.01 Subsequent Appraisal Process Commencement Date. The Market Value of the Company in such circumstance shall </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">33 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">be deemed to be an amount equal to (A) the sum of (x) the 6.01 Third Opinion Value plus (y) whichever of the two 6.01 Initial Opinion Values is closer to the
6.01 Third Opinion Value (or, if the 6.01 Third Opinion Value is exactly halfway between the two 6.01 Initial Opinion Values, the 6.01 Third Opinion Value), divided by (B) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Definition of Market Value of the Company.</U> For purposes of this Agreement, the Market Value of the Company (the
&#147;<U>Market Value of the Company</U>&#148;) means the fair market value of the combined common equity of the Company as of the relevant Exercise Date, (including, in the circumstance where Marathon has exercised its Marathon Call Right or its
Special Termination Right or Ashland has exercised its Ashland Put Right, the Ashland LOOP/LOCAP Interest) assuming the consummation of a transaction designed to achieve the highest value of such combined common equity. In determining the Market
Value of the Company, (i) consideration should be given as to (A) all possible transaction participants (other than Marathon or Ashland or their respective Affiliates) and categories of possible transactions; (B) a range of analytical methodologies,
potentially including, but not limited to, the following: comparable trading analysis, comparable transaction analysis, discounted cash flow analysis, leveraged buyout analysis and break-up analysis; and (C) the value to the Company of all
indemnification obligations of Marathon, USX and Ashland in favor of the Company pursuant to any Transaction Document (including, without limitation, Article IX of the Asset Transfer and Contribution Agreement), to the extent such indemnification
obligations remain in effect after the Closing and (ii) no separate incremental value will be attributed to the Ashland LOOP/LOCAP Interest. In determining the Market Value of the Company, no consideration should be given to the values that are
initially assigned to assets of the Company for purchase accounting or tax accounting purposes. The Market Value of the Company as determined pursuant to this Section 6.01 is referred to herein as the &#147;<U>Appraised Value of the
Company</U>&#148;, and the date on which the Market Value of the Company is so determined is referred to herein as the &#147;<U>Appraised Value Determination Date</U>&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">34 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Determination of the Fair Market Value of Securities </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.01. <U>General</U> The fair market value of any Securities to be issued to Ashland on the Closing Date and on any subsequent Installment Payment
Date, shall be determined pursuant to the following procedures (the fair market value of such Securities as so determined being the &#147;<U>Fair Market Value</U>&#148; of such Securities). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.02. <U>Determination of Fair Market Value of Marathon Debt
Securities.</U> The Fair Market Value of any Marathon Debt Securities shall be deemed to be an amount equal to the aggregate stated principal amount of such Marathon Debt Securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 7.03. <U>Determination of Fair Market Value of Actively Traded Marathon Equity Securities.</U> (a) <U>Fair Market
Value Where There is No Holding Period.</U> The Fair Market Value of any Actively Traded Marathon Equity Securities to be issued to Ashland on the Closing Date or applicable Installment Payment Date for which Marathon has not elected a Holding
Period shall be deemed to be an amount equal to the product of (i) the aggregate number of such Actively Traded Marathon Equity Securities to be issued to Ashland multiplied by (ii) the Weighted Average Price (as defined below) of such Actively
Traded Marathon Equity Securities on the National Market System of the NASDAQ or the relevant National Securities Exchange, as reported by <U>The Wall Street Journal</U> or, if not reported thereby, as reported by any other authoritative source, for
the ten full Trading Days immediately preceding the Business Day immediately preceding the Closing Date or applicable Installment Payment Date; <U>provided</U> that at least five Trading Days prior to the commencement of such ten full Trading Day
period (the &#147;<U>Required Disclosure Date</U>&#148;), Marathon shall have made appropriate public disclosure (including by issuing a press release and filing a copy of such press release with the Commission) of (A) the existence of the
Transaction, (B) the Ashland Put Price and (C) the information required to be included in the Ashland Put Price Election Notice (each such public disclosure being a &#147;<U>Required Disclosure</U>&#148;). Marathon shall provide Ashland with a copy
of each Required Disclosure prior to Marathon making such disclosure public. Any such Required Disclosure shall be in form and substance reasonably satisfactory to Ashland </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">35 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">and its counsel. For purposes of this Section 7.03(a), the &#147;<U>Weighted Average Price</U>&#148; means the quotient of (1) the product of (x) the number
of shares in each trade in such Actively Traded Marathon Equity Securities that occurred during such ten full Trading Day period multiplied by (y) the price at which each such trade occurred, divided by (2) the total number of shares traded in such
Actively Traded Marathon Equity Securities that occurred during such ten full Trading Day period. In the event of (i) any split, combination or reclassification of the class of Actively Traded Marathon Equity Securities to be issued to Ashland on
the Closing Date or applicable Installment Payment Date, (ii) any issuance or the authorization of any issuance of any other securities in exchange or in substitution for the shares of such class of Actively Traded Marathon Equity Securities or
(iii) any issuance or declaration of cash or stock dividends or other distributions with respect to such class of Actively Traded Marathon Equity Securities, in each case at any time during the ten full Trading Day period referred to above, Marathon
and Ashland shall make such adjustment to the Fair Market Value of such Actively Traded Equity Securities determined pursuant to this Section 7.03(a) as Marathon and Ashland shall mutually agree so as to preserve the economic benefits to Ashland
expected on the date of this Agreement as a result of the issuance to it of such Actively Traded Marathon Equity Securities as part of the Ashland Put Price. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Fair Market Value Where There is a Holding Period.</U> In the event that Marathon elects pursuant to Section 4.04(a) or 4.04(b) to impose a Holding
Period on any Actively Traded Marathon Equity Securities, the Fair Market Value of such Actively Traded Marathon Equity Securities shall be deemed to be an amount equal to (i) the Fair Market Value of such Actively Traded Marathon Equity Securities
as determined pursuant to Section 7.03(a), minus (ii) a discount factor that takes into account such limitation on Ashland&#146;s ability to freely trade such Actively Traded Marathon Equity Securities (a &#147;<U>7.03(b) Discount Amount</U>&#148;)
The 7.03(b) Discount Amount with respect to the Fair Market Value of such Actively Traded Marathon Equity Securities shall be determined pursuant to the following procedures: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) <U>Negotiation Period.</U> For a period of 15 days following the applicable Ashland Put Price Election
Date, Marathon and Ashland will negotiate in good faith to seek to reach an agreement as to the 7.03(b) </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">36 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Discount Amount. If Marathon and Ashland reach such an agreement, then the 7.03(b) Discount Amount shall be deemed to be the amount so agreed upon by
Marathon and Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) <U>Appraisal
Process.</U> In the event Marathon and Ashland are unable to reach an agreement as to the 7.03(b) Discount Amount within the 15-day period referred to in clause (i) above, then within five Business Days after the expiration of such 15-day period
(such fifth Business Day being referred to herein as the &#147;<U>7.03(b) Appraisal Process Commencement Date</U>&#148;), Marathon and Ashland each shall select a nationally recognized investment banking firm to (A) prepare a report which (1) sets
forth such investment banking firm&#146;s determination of the 7.03(b) Discount Amount (which shall be a single amount as opposed to a range) and (2) includes work papers which indicate the basis for and the calculation of the 7.03(b) Discount
Amount (a &#147;<U>7.03(b) Appraisal Report</U>&#148;) and (B) deliver to Marathon or Ashland, as the case may be, an oral and written opinion addressed to such party as to the 7.03(b) Discount Amount. The fees and expenses of each investment
banking firm shall be paid by the party selecting such investment banking firm. Each of Marathon and Ashland shall instruct its respective investment banking firm to (i) not consult with the other investment banking firm with respect to its view as
to the 7.03(b) Discount Amount prior to the time that both investment banking firms have delivered their respective opinions to Marathon and Ashland, as applicable, (ii) deliver their respective 7.03(b) Appraisal Reports, together with their oral
and written opinions as to the 7.03(b) Discount Amount (the &#147;<U>7.03(b) Initial Opinion Values</U>&#148;), within 15 days after the 7.03(b) Appraisal Process Commencement Date, and (iii) deliver a copy of its written opinion and its 7.03(b)
Appraisal Report to the Company, the other party and the other party&#146;s investment banking firm at the time it delivers its oral and written opinion to Marathon or Ashland, as applicable. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the 7.03(b) Initial Opinion Values differ and the lesser
7.03(b) Initial Opinion Value equals or exceeds 90% of the greater 7.03(b) Initial Opinion Value, the 7.03(b) Discount Amount shall be deemed to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%">
<FONT FACE="Times New Roman" SIZE="2">be an amount equal to (1) the sum of the 7.03(b) Initial Opinion Values divided by (2) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the 7.03(b) Initial Opinion Values differ and the lesser 7.03(b) Initial Opinion Value is less than 90%
of the greater 7.03(b) Initial Opinion Value, then: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(i) within two Business Days after both investment banking firms have delivered their respective opinions to Marathon or Ashland, as applicable, each investment banking firm shall, at a single meeting at which Marathon, Ashland, the Company
and the other investment banking firm are present, make a presentation with respect to its 7.03(b) Initial Opinion Value. At such presentation, Marathon, Ashland, the Company and the other investment banking firm shall be entitled to ask questions
as to the basis for and the calculation of such investment banking firm&#146;s 7.03(b) Initial Opinion Value; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Marathon and Ashland shall, within five Business Days after the date Marathon and Ashland receive the 7.03(b) Initial Opinion Values
(such fifth Business Day being referred to herein as the &#147;<U>7.03(b) Subsequent Appraisal Process Commencement Date</U>&#148;), jointly select a third nationally recognized investment banking firm to (i) prepare a 7.03(b) Appraisal Report and
(ii) deliver an oral and written opinion addressed to Marathon and Ashland as to the 7.03(b) Discount Amount. The fees and expenses of such third investment banking firm shall be paid 50% by Marathon and 50% by Ashland. Such third investment banking
firm shall not be provided with the 7.03(b) Initial Opinion Values and shall not consult with the initial investment banking firms with respect thereto. During such five-Business Day period, Marathon and Ashland shall negotiate in good faith to
independently reach an agreement as to the 7.03(b) Discount Amount. If Marathon and Ashland reach such an agreement, then the 7.03(b) Discount Amount shall be deemed to be the amount so agreed upon by Marathon and Ashland. If Marathon and Ashland
are unable to reach such an agreement, then Marathon and Ashland shall instruct such third investment banking firm to deliver its 7.03(b) Appraisal Report, together with its oral and written opinion as to the 7.03(b) Discount Amount (the
&#147;<U>7.03(b) Third Opinion Value</U>&#148;), </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">38 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">within 15 days after the 7.03(b) Subsequent Appraisal Process Commencement Date. The 7.03(b) Discount Amount in such circumstance shall be deemed to be an
amount equal to (1) the sum of (x) the 7.03(b) Third Opinion Value plus (y) whichever of the two 7.03(b) Initial Opinion Values is closer to the 7.03(b) Third Opinion Value (or, if the 7.03(b) Third Opinion Value is exactly halfway between the two
7.03(b) Initial Opinion Values, the 7.03(b) Third Opinion Value), divided by (2) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 7.04. <U>Determination of Fair Market Value of Non-Actively Traded Marathon Equity Securities</U> (a) <U>Negotiation Period.</U> If Marathon proposes to issue (or to have issued) to Ashland Marathon Equity
Securities that are not Actively Traded Marathon Equity Securities, then for a period of 15 days following the applicable Ashland Put Price Election Date, Marathon and Ashland will negotiate in good faith to seek to reach an agreement as to the Fair
Market Value of such Marathon Equity Securities, taking into account, if there is a Holding Period, a discount factor that takes into account such limitation on Ashland&#146;s ability to freely trade such Marathon Equity Securities (a &#147;<U>7.04
Discount Amount</U>&#148;). If Marathon and Ashland reach such an agreement, then the Fair Market Value of such Marathon Equity Securities shall be deemed to be the amount so agreed upon by Marathon and Ashland. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Appraisal Process.</U> In the event Marathon and Ashland are unable to
reach an agreement as to such Fair Market Value of Marathon Equity Securities and such 7.04 Discount Amount, if any, within the 15-day period referred to in clause (a) above, then within five Business Days after the expiration of such 15-day period
(such fifth Business Day being referred to herein as the &#147;<U>7.04 Appraisal Process Commencement Date</U>&#148;), Marathon and Ashland each shall select a nationally recognized investment banking firm to (i) prepare a report which (1) sets
forth such investment banking firm&#146;s determination of the Fair Market Value of such Marathon Equity Securities (which shall be a single amount as opposed to a range), taking into account, if there is a Holding Period, a 7.04 Discount Amount,
which is determined by such investment banking firm, and (2) includes work papers which separately indicate the basis for and the calculation of the Fair Market Value of such Marathon Equity Securities and, if there is a Holding Period, the basis
for and the calculation of the 7.04 Discount Amount (a &#147;<U>7.04</U> </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">39 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2"><U>Appraisal Report</U>&#148;) and (ii) deliver to Marathon or Ashland, as the case may be, an oral and written opinion addressed to such party as to the
Fair Market Value of such Marathon Equity Securities (which opinion shall take into account a 7.04 Discount Amount if there is a Holding Period with respect to such Marathon Equity Securities). The fees and expenses of each investment banking firm
shall be paid by the party selecting such investment banking firm. Each of Marathon and Ashland shall instruct its respective investment banking firm to (i) not consult with the other investment banking firm with respect to its view as to the Fair
Market Value of such Marathon Equity Securities and the 7.04 Discount Amount prior to the time that both investment banking firms have delivered their respective opinions to Marathon and Ashland, as applicable, (ii) deliver their respective 7.04
Appraisal Reports, together with their oral and written opinions as to the Fair Market Value of such Marathon Equity Securities (the &#147;<U>7.04 Initial Opinion Values</U>&#148;), within 15 days after the 7.04 Appraisal Process Commencement Date,
and (iii) deliver a copy of its written opinion and its 7.04 Appraisal Report to the Company, the other party and the other party&#146;s investment banking firm at the time it delivers its oral and written opinion to Marathon or Ashland, as
applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the 7.04 Initial Opinion Values differ and the
lesser 7.04 Initial Opinion Value equals or exceeds 90% of the greater 7.04 Initial Opinion Value, the Fair Market Value of such Marathon Equity Securities shall be deemed to be an amount equal to (1) the sum of the 7.04 Initial Opinion Values
divided by (2) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the 7.04 Initial Opinion Values differ
and the lesser 7.04 Initial Opinion Value is less than 90% of the greater 7.04 Initial Opinion Value, then: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) within two Business Days after both investment banking firms have delivered their respective opinions to Marathon or Ashland, as
applicable, each investment banking firm shall, at a single meeting at which Marathon, Ashland, the Company and the other investment banking firm are present, make a presentation with respect to its 7.04 Initial Opinion Value. At such presentation,
Marathon, Ashland, the Company and the other investment banking firm shall be entitled to ask questions as to the basis for and the calculation of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">40 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">such investment banking firm&#146;s 7.04 Initial Opinion Value; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Marathon and Ashland shall, within five Business Days after the date Marathon and Ashland receive the 7.04 Initial Opinion Values
(such fifth Business Day being referred to herein as the &#147;<U>7.04 Subsequent Appraisal Process Commencement Date</U>&#148;), jointly select a third nationally recognized investment banking firm to (i) prepare a 7.04 Appraisal Report and (ii)
deliver an oral and written opinion addressed to Marathon and Ashland as to the Fair Market Value of such Marathon Equity Securities (which opinion shall take into account a 7.04 Discount Amount if there is a Holding Period with respect to such
Marathon Equity Securities). The fees and expenses of such third investment banking firm shall be paid 50% by Marathon and 50% by Ashland. Such third investment banking firm shall not be provided with the 7.04 Initial Opinion Values and shall not
consult with the initial investment banking firms with respect thereto. During such five-Business Day period, Marathon and Ashland shall negotiate in good faith to independently reach an agreement as to the Fair Market Value of such Marathon Equity
Securities. If Marathon and Ashland reach such an agreement, then the Fair Market Value of such Marathon Equity Securities shall be deemed to be the amount so agreed upon by Marathon and Ashland. If Marathon and Ashland are unable to reach such an
agreement, then Marathon and Ashland shall instruct such third investment banking firm to deliver its 7.04 Appraisal Report, together with its oral and written opinion as to the Fair Market Value of such Marathon Equity Securities (the &#147;<U>7.04
Third Opinion Value</U>&#148;), within 15 days after the 7.04 Subsequent Appraisal Process Commencement Date. The Fair Market Value of such Marathon Equity Securities in such circumstance shall be deemed to be an amount equal to (i) the sum of (x)
the 7.04 Third Opinion Value plus (y) whichever of the two 7.04 Initial Opinion Values is closer to the 7.04 Third Opinion Value (or, if the 7.04 Third Opinion Value is exactly halfway between the two 7.04 Initial Opinion Values, the 7.04 Third
Opinion Value), divided by (ii) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">41 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE VIII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Certain Matters Relating to Securities </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.01. <U>Certain Requirements with Respect to Marathon Debt Securities.</U> All debt securities issued to Ashland pursuant to Section 4.02(c)
shall (i) be unsecured senior public fixed income debt securities of (a) USX or (b) Marathon and fully guaranteed as to performance by USX; (ii) have maturities of 5 to 7 years; (iii) have yields which are comparable to those of 5 to 7 year public
debt instruments issued by companies whose Long Term Debt at the time of the issuance of such debt securities to Ashland is rated by S&amp;P and Moody&#146;s at least equal to the respective ratings by S&amp;P and Moody&#146;s of USX&#146;s Long
Term Debt; (iv) be priced to trade at par initially; and (v) have covenants substantially the same as those included in other outstanding senior publicly traded debt instruments of USX, including a negative pledge providing for pari passu security
rights and usual and customary successorship provisions concerning changes in USX&#146;s ownership (all such debt securities are referred to herein as &#147;<U>Marathon Debt Securities</U>&#148;). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.02. <U>Procedures with Respect to the Issuance of Securities</U>
All Securities to be issued hereunder shall be accompanied on the Closing Date or applicable Installment Payment Date by (i) a certificate from an authorized officer of the Issuer and (ii) an opinion from such Issuer&#146;s counsel, in each case as
to such matters as Ashland may reasonably request, including, but not limited to the matters substantially as follows (which shall be made as of the Closing Date or applicable Installment Payment Date): </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) the Issuer is a corporation duly organized, validly
existing and in good standing under the laws of the jurisdiction of its incorporation with the power and authority to own, lease and operate its assets and to conduct the business now being or to be conducted by it. The Issuer is duly authorized,
qualified or licensed to do business as a foreign corporation or other organization in good standing in each of the jurisdictions in which its right, title or interest in or to any of the assets held by it or the business conducted by it requires
such authorization, qualification or licensing, except where the failure to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">42 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">be so authorized, qualified, licensed or in good standing would not, individually or in the aggregate, result in an Issuer Material Adverse Effect;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the Issuer&#146;s authorized
capitalization is as set forth in its Exchange Act filings (or, in the circumstance where Ashland has made a Demand Registration, as set forth in the Registration Statement or Offering Memorandum, as applicable, with respect to such Securities). All
of the outstanding equity securities of the Issuer are duly and validly authorized and issued, are fully paid and nonassessable and were not issued in violation of or subject to any preemptive rights or other contractual rights to purchase
securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) if such Securities are
Marathon Equity Securities, such Securities are duly authorized, validly issued and outstanding, are fully paid and nonassessable, and were not issued in violation of or subject to any preemptive rights or other contractual rights to purchase
securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) if such Securities are
Marathon Debt Securities, such Securities have been duly authorized and validly issued by the Issuer and constitute legal, valid and binding obligations of the Issuer enforceable against the Issuer in accordance with their terms, except as such
enforcement is subject to the effect of any applicable bankruptcy, insolvency, reorganization or other law relating to or affecting creditors&#146; rights generally and general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(v) such Securities conform in all material respects to the description thereof contained in the Issuer&#146;s Exchange Act filings (or, in the circumstance where Ashland has made a Demand Registration, to the description thereof contained
in the Registration Statement or Offering Memorandum, as applicable, with respect to such Securities) and the certificates evidencing such Securities will be, upon issuance, in due and proper form; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vi) if such Securities are Marathon Equity Securities, such
Securities have been authorized </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">43 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">conditionally for listing on each national securities exchange on which the other securities of the Issuer of the same class are listed at the time of the
Closing Date or Installment Payment Date, subject to issuance and certain other conditions that are not material; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vii) if such Securities are Marathon Debt Securities, the execution and delivery by the Issuer of each agreement pursuant to which such
Securities have been issued or which relate to such Securities (each, a &#147;<U>Securities Document</U>&#148;) and the consummation by it of the transactions contemplated thereby have been duly authorized and approved by all necessary corporate or
other action on the part of the Issuer. Each Securities Document has been duly executed and delivered by the Issuer and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such
enforcement is subject to the effect of any applicable bankruptcy, insolvency, reorganization or other law relating to or affecting creditors&#146; rights generally and general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(viii) neither the execution and delivery by the Issuer of the Securities Documents (in the case of Marathon Debt Securities), nor the issuance of the Securities pursuant to this Agreement and/or such Securities Documents will (a) conflict
with, or results in the breach of any provision of, the charter or by-laws or similar governing or organizational documents of the Issuer or any of its subsidiaries, (b) violate any Applicable Law or any permit, order, award, injunction, decree or
judgment of any Governmental Authority applicable to or binding upon the Issuer or any of its subsidiaries or to which any of their respective properties is subject or (c) violate, conflict with or result in the breach or termination of, or
otherwise give any other person the right to terminate, or constitute a default, event of default or an event which with notice, lapse of time or both, would constitute a default or event of default under the terms of, any mortgage, indenture, deed
of trust or lease or other agreement or instrument to which the Issuer or any of its subsidiaries is a party or by which any of their respective properties or </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">44 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">assets is subject, except, in the case of clauses (b) and (c) for such violations, conflicts, breaches, terminations and defaults which would not,
individually or in the aggregate, result in an Issuer Material Adverse Effect; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ix) except as set forth on a schedule to such certificate or opinion, no Governmental Approval or other consent is required by the Issuer
for the execution and delivery by it of the Securities Documents (in the case of Marathon Debt Securities) or the issuance of the Securities pursuant to this Agreement and/or such Securities Documents, except (a) for such Governmental Approvals or
other consents as have been obtained or (b) where the failure to obtain such Governmental Approvals or other consents would not, individually or in the aggregate, result in an Issuer Material Adverse Effect. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">If any Securities are issued by Marathon and guaranteed by USX, each of Marathon and USX
shall provide Ashland with a certificate and an opinion of counsel in accordance with this Section 8.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.03. <U>Holding Period</U> If Marathon elects (by so notifying Ashland in the Ashland Put Price Election Notice) to impose a Holding Period with
respect to sales by Ashland of Marathon Equity Securities issued to Ashland on the Closing Date or on an Installment Payment Date, as applicable, then Ashland shall not be permitted to sell such Marathon Equity Securities during such Holding Period.
The term &#147;<U>Holding Period</U>&#148;, with respect to any Marathon Equity Securities, means the period commencing on the Closing Date or applicable Installment Payment Date and ending on such later date as Marathon shall state in the Ashland
Put Price Election Notice; <U>provided</U> that the length of a Holding Period with respect to any Marathon Equity Securities shall in no event exceed 30 days. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 8.04. <U>Manner of Sale of Marathon Equity Securities</U> Ashland agrees to sell all Marathon Equity Securities (i) pursuant to a bona fide
Underwritten Public Offering managed by one or more Bulge Bracket Investment Banking Firms selected by Ashland, or by one or more other investment banking firms selected by Ashland and to which Marathon or USX shall not have reasonably objected, in
a manner reasonably designed to effect a broad distribution of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">45 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">such Marathon Equity Securities (a &#147;<U>Qualifying Public Offering</U>&#148;), (ii) to any person, provided that after giving effect to such sale such
person beneficially owns, together with such person&#146;s Affiliates, no more than 5% of the Marathon Equity Securities of the relevant issuer then outstanding on a fully diluted basis (a &#147;<U>Fully Distributed Sale&#148;</U>) or (iii) to a
broker or underwriter selected by Ashland who agrees to effect any subsequent transfer by it of such Marathon Equity Securities in a Qualifying Public Offering or a Fully Distributed Sale. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE IX </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Closing; Conditions to Closing; Consequences of Delay </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.01. <U>Closing</U> (a) <U>Closing Date.</U> The closing (the &#147;<U>Closing</U>&#148;) of (i) the purchase and
sale of Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest pursuant to Marathon&#146;s exercise of its Special Termination Right or Marathon Call Right or Ashland&#146;s exercise of its Ashland Put Right or (ii) the purchase and
sale of Marathon&#146;s Membership Interests pursuant to Ashland&#146;s exercise of its Special Termination Right, shall be held at the offices of Marathon, at 10:00 a.m. on the later of (x) the 60</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> day after the Appraised Value Determination Date (or at such other place or at such other time or such other date as Marathon and Ashland shall mutually
agree) (the &#147;<U>Scheduled Closing Date</U>&#148;) and (y) the fifth Business Day following the satisfaction or waiver of all conditions to the obligations of Marathon and Ashland set forth in Section 9.02. The date on which the Closing actually
occurs is referred to herein as the &#147;<U>Closing Date</U>&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(b) <U>Purchase Procedures in the Event of the Exercise by Marathon of its Special Termination Right or its Marathon Call Right.</U> In the event that Marathon exercises its Special Termination Right or Marathon Call Right, at the Closing:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) Marathon shall deliver to Ashland, in
Cash or by wire transfer to a bank account designated in writing by Ashland, immediately available funds in an amount equal to the sum of (x) the Special Termination Price or Marathon Call Price, as applicable, plus (y) the amount of interest
payable pursuant to Section 3.01, plus (z) the amount of interest, if any, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">46 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">payable pursuant to Section 9.04(b), 9.05, 9.08(b) or 9.09; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Ashland shall Transfer to Marathon (or, if Marathon so elects by written notice to Ashland, a Wholly Owned Subsidiary of Marathon or
USX) in accordance with Article X of the LLC Agreement, all of Ashland&#146;s Membership Interests; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Ashland shall Transfer to Marathon or, if Marathon so elects by written notice to Ashland, to the Company or such other person as
Marathon shall direct, the Ashland LOOP/LOCAP Interest; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(iv) the Company shall release to Marathon any amounts held in the Escrow Account, including any income earned thereon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Purchase Procedures in the Event of the Exercise by Ashland of its Ashland Put Right.</U> In the event that Ashland exercises its Ashland Put
Right, at the Closing: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) Marathon shall
deliver to Ashland, in Cash or by wire transfer to a bank account designated in writing by Ashland, immediately available funds in an amount equal to the sum of (x) the Cash portion of the Ashland Put Price or first Installment Payment, as
applicable, plus (y) the amount of interest payable pursuant to Section 4.01, plus (z) the amount of interest, if any, payable pursuant to Section 9.04(b), 9.05, 9.08(b) or 9.09; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Marathon and/or USX, as applicable, shall issue the Securities to be issued on the Closing Date, if
any, which Securities shall be accompanied by the certificate(s) and opinion(s) referred to in Section 8.02; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Ashland shall Transfer to Marathon or, if Marathon so elects by written notice to Ashland, a Wholly Owned Subsidiary of Marathon or
USX in accordance with Article X of the LLC Agreement, all of Ashland&#146;s Membership Interests; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) Ashland shall Transfer to Marathon or, if Marathon so elects by written notice to Ashland, to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">47 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Company or such other person as Marathon shall direct, the Ashland LOOP/LOCAP Interest; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) the Company shall release to Marathon any amounts held in the Escrow Account, including any income
earned thereon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In addition, on each of two remaining Scheduled Installment
Payment Dates, if any, (i) Marathon shall deliver to Ashland, in Cash or by wire transfer to a bank account (which bank account has been designated in writing by Ashland at least two Business Days prior to the applicable Installment Payment Date),
immediately available funds in an amount equal to the sum of (x) the Cash portion of the second and third Installment Payments, respectively, plus (y) the amount of interest payable pursuant to Section 4.01, plus (z) the amount of interest, if any,
payable pursuant to Section 9.04(b) or 9.05; and (ii) Marathon and/or USX, as applicable, shall issue the Securities to be issued on such Installment Payment Dates, if any, which Securities shall be accompanied by the certificate(s) and opinion(s)
referred to in Section 8.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Purchase Procedures in the
Event of the Exercise by Ashland of its Special Termination Right.</U> In the event that Ashland exercises its Special Termination Right at the Closing: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) Ashland shall deliver to Marathon, in Cash or by wire transfer to a bank account designated in writing by Marathon, immediately
available funds in an amount equal to the sum of (x) the Special Termination Price plus (y) the amount of interest payable pursuant to Section 2.01, plus (z) the amount of interest, if any, payable pursuant to Section 9.08(b) or 9.09; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Marathon shall Transfer to Ashland (or, if Ashland so
elects by written notice to Marathon, a Wholly Owned Subsidiary of Ashland) in accordance with Article X of the LLC Agreement, all of Marathon&#146;s Membership Interests; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) the Company shall release to Ashland any amounts held in the Escrow Account, including any income
earned thereon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">48 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.02. <U>Conditions to Closing</U> (a) <U>Marathon&#146;s Obligation in the Event of an Exercise
by Marathon of its Special Termination Right or its Marathon Call Right or an Exercise by Ashland of its Ashland Put Right.</U> Marathon&#146;s obligation to purchase and pay for Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP
Interest pursuant to this Agreement in the event of an exercise by Marathon of its Special Termination Right or its Marathon Call Right or in the event of an exercise by Ashland of its Ashland Put Right is subject in each case to the satisfaction
(or waiver by Marathon) as of the Closing of the following conditions: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(i) As of the Closing Date, there shall be no (i) injunction or restraining order of any nature issued by any Governmental Authority which directs, or which has the effect of directing, that the Closing shall not be
consummated as herein provided or (ii) investigation, action or other proceeding that shall have been brought by any Governmental Authority and be pending on the Closing Date, or that shall have been threatened by any Governmental Authority, in any
such case against Marathon or Ashland in connection with the consummation of the transactions contemplated by this Agreement which is reasonably likely to result in an injunction or restraining order which directs, or which has the effect of
directing, that the Closing shall not be consummated as herein provided; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(ii) the waiting period under the HSR Act, if applicable to the purchase and sale of Ashland&#146;s Membership Interests pursuant to this Agreement shall have expired or been terminated; and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Ashland shall have Transferred to Marathon (or, if
Marathon shall have so elected by written notice to Ashland, a Wholly Owned Subsidiary of Marathon or USX) all of its Membership Interests on the Closing Date free and clear of all Liens. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">It is understood and agreed that a breach by Ashland of any of its representations or warranties in this Agreement shall not constitute a
condition to Marathon&#146;s obligation to purchase and pay for Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest pursuant to this Agreement in the circumstances set forth above; <U>provided</U> that Marathon shall not be
deemed to have waived any right to make a Claim </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">49 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">against Ashland with respect to any Loss that Marathon suffers as a result of any such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Ashland&#146;s Obligation in the Event of an Exercise by Marathon of its Special Termination Right or its Marathon
Call Right or an Exercise by Ashland of its Ashland Put Right.</U> Ashland&#146;s obligation to sell its Membership Interests and the Ashland LOOP/LOCAP Interest to Marathon pursuant to this Agreement in the event of an exercise by Marathon of its
Special Termination Right or its Marathon Call Right or in the event of an exercise by Ashland of its Ashland Put Right is subject in each case to the satisfaction (or waiver by Ashland) as of the Closing of the following conditions: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) As of the Closing Date, there shall be no (i) injunction
or restraining order of any nature issued by any Governmental Authority which directs, or which has the effect of directing, that the Closing shall not be consummated as herein provided or (ii) investigation, action or other proceeding that shall
have been brought by any Governmental Authority and be pending on the Closing Date, or threatened by any Governmental Authority, in any such case against Marathon or Ashland in connection with the consummation of the transactions contemplated by
this Agreement which is reasonably likely to result in an injunction or restraining order which directs, or which has the effect of directing, that the Closing shall not be consummated as herein provided; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the waiting period under HSR Act, if applicable to the
purchase and sale of Ashland&#146;s Membership Interests pursuant to this Agreement shall have expired or been terminated; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Marathon shall have delivered to Ashland, in Cash or by wire transfer to a bank account designated in writing by Ashland,
immediately available funds in an amount equal to (x) the Special Termination Price or Marathon Call Price, as applicable, or the Cash portion of the Ashland Put Price or applicable Installment Payment, plus (y) the amount of interest payable
pursuant to Section 3.01 or 4.01, as applicable, plus (z) the amount of interest, if any, payable pursuant to Section 9.04(b) or 9.05; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">50 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) Marathon or USX, as applicable, shall have issued the Securities to be issued on the
Closing Date, if any, accompanied by the certificate(s) and opinion(s) referred to in Section 8.02. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">It is understood and agreed that a breach by Marathon or USX of any of its respective representations or warranties in this Agreement shall not constitute a condition to Ashland&#146;s obligation to sell its
Membership Interests and the Ashland LOOP/LOCAP Interest to Marathon pursuant to this Agreement in the circumstances set forth above; <U>provided</U> that Ashland shall not be deemed to have waived any right to make a Claim against Marathon or USX
with respect to any Loss that Ashland suffers as a result of any such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(c) <U>Ashland&#146;s Obligation in the Event of an Exercise by Ashland of its Special Termination Right.</U> Ashland&#146;s obligation to purchase and pay for Marathon&#146;s Membership Interests pursuant to this
Agreement in the event of an exercise by Ashland of its Special Termination Right is subject to the satisfaction (or waiver by Ashland) as of the Closing of the following conditions: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) As of the Closing Date, there shall be no (i) injunction or restraining order of any nature issued by
any Governmental Authority which directs, or which has the effect of directing, that the Closing shall not be consummated as herein provided or (ii) investigation, action or other proceeding that shall have been brought by any Governmental Authority
and be pending on the Closing Date, or that shall have been threatened by any Governmental Authority, in any such case against Marathon or Ashland in connection with the consummation of the transactions contemplated by this Agreement which is
reasonably likely to result in an injunction or restraining order which directs, or which has the effect of directing, that the Closing shall not be consummated as herein provided; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the waiting period under the HSR Act, if applicable to the purchase and sale of Marathon&#146;s
Membership Interests pursuant to this Agreement shall have expired or been terminated; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Marathon shall have Transferred to Ashland (or, if Ashland shall have so elected by written notice to Marathon, a Wholly Owned
Subsidiary of Ashland) all </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">51 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">of its Membership Interests on the Closing Date free and clear of all Liens. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">It is understood and agreed that a breach by Marathon or USX of any of its respective representations or warranties in this Agreement shall
not constitute a condition to Ashland&#146;s obligation to purchase and pay for Marathon&#146;s Membership Interests pursuant to this Agreement in the circumstances set forth above; <U>provided</U> that Ashland shall not be deemed to have waived any
right to make a Claim against Marathon or USX with respect to any Loss that Ashland suffers as a result of any such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Marathon&#146;s Obligation in the Event of an Exercise by Ashland of its Special Termination Right.</U> Marathon&#146;s obligation to sell its
Membership Interests to Ashland pursuant to this Agreement in the event of an exercise by Ashland of its Special Termination Right is subject to the satisfaction (or waiver by Marathon) as of the Closing of the following conditions: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) As of the Closing Date, there shall be no (i) injunction
or restraining order of any nature issued by any Governmental Authority which directs, or which has the effect of directing, that the Closing shall not be consummated as herein provided or (ii) investigation, action or other proceeding that shall
have been brought by any Governmental Authority and be pending on the Closing Date, or threatened by any Governmental Authority, in any such case against Marathon or Ashland in connection with the consummation of the transactions contemplated by
this Agreement which is reasonably likely to result in an injunction or restraining order which directs, or which has the effect of directing, that the Closing shall not be consummated as herein provided; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) the waiting period under HSR Act, if applicable to the
purchase and sale of Marathon&#146;s Membership Interests pursuant to this Agreement shall have expired or been terminated; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Ashland shall have delivered to Marathon, in Cash or by wire transfer to a bank account designated in writing by Marathon,
immediately available funds in an amount equal to (x) the Special Termination Price plus (y) the amount of interest payable pursuant to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">52 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Section 2.01 plus (z) the amount of interest, if any, payable pursuant to Section 9.08(b) or 9.09. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">It is understood and agreed that a breach by Ashland of any of its representations or
warranties in this Agreement shall not constitute a condition to Marathon&#146;s obligation to sell its Membership Interests to Ashland pursuant to this Agreement in the circumstances set forth above; <U>provided</U> that Marathon shall not be
deemed to have waived any right to make a Claim against Ashland with respect to any Loss that Marathon suffers as a result of any such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) <U>Consequences of Inability To Transfer the Ashland LOOP/LOCAP Interest on the Closing Date.</U> It shall not be a condition to the Closing of the
Marathon Call Right, the Ashland Put Right or the Marathon Special Termination Right, as applicable, that Ashland shall have Transferred the Ashland LOOP/LOCAP Interest to Marathon, the Company or such other person as Marathon shall direct. In the
event that any consents or approvals required for such Transfer are not obtained prior to the Closing of the Marathon Call Right, the Ashland Put Right or the Marathon Special Termination Right, as applicable, and as a consequence Ashland is not
able to Transfer the Ashland LOOP/LOCAP Interest to Marathon, the Company or such other person as Marathon shall direct, as applicable, on the Closing Date, the parties hereto shall use their commercially reasonable best efforts to achieve any
lawful and reasonable (including with respect to the costs and expenses to be borne by Ashland) arrangement proposed by Marathon under which Marathon or the Company, as applicable, shall obtain the economic claims, rights and benefits under the
Ashland LOOP/LOCAP Interest. Such reasonable arrangement may include (i) Ashland subcontracting, sublicensing or subleasing to Marathon, the Company or such other person as Marathon shall direct, as applicable, any and all of Ashland&#146;s rights,
and delegating all of Ashland&#146;s obligations, under the Ashland LOOP/LOCAP Interest, and (ii) Ashland granting to Marathon, the Company or such other person as Marathon shall direct, as applicable, a proxy (the &#147;<U>Ashland LOOP/LOCAP
Irrevocable Proxy</U>&#148;) which shall authorize such party to exercise on Ashland&#146;s behalf, all of Ashland&#146;s voting rights with respect to the Ashland LOOP/LOCAP Interest. The costs and expenses incurred in connection with any such
arrangements shall be borne 62% by Marathon and 38% by Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">53 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.03. <U>Consequences of a Delayed Closing of the Marathon Call Right or the Ashland Put Right
Where Ashland Is at Fault. (a) Right to Revoke Ashland Put Exercise Notice or Marathon Call Exercise Notice.</U> If the Closing of the Marathon Call Right or the Ashland Put Right shall not have occurred on or prior to the date that is 180 days
after the Scheduled Closing Date, and (i) the delay is due to (x) a failure by Ashland to timely perform in any material respect any of its covenants and agreements contained herein or (y) the fact that any of Ashland&#146;s representations and
warranties contained herein have ceased to be true and correct in any material respect, and (ii) neither Marathon nor USX shall have (x) failed to timely perform in any material respect any of its covenants and agreements contained herein or (y)
breached any of its representations and warranties contained herein in any material respect, then Marathon shall thereafter have the right, exercisable at any time prior to the Closing by written notice to Ashland, to revoke Ashland&#146;s Ashland
Put Exercise Notice or its Marathon Call Exercise Notice, as applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(b) <U>Adjustment to Ashland Put Price or Marathon Call Price.</U> If the Closing of the Marathon Call Right or the Ashland Put Right does not occur on the Scheduled Closing Date, and (i) the delay is due to (x) a
failure by Ashland to timely perform in any material respect any of its covenants and agreements contained herein or (y) the fact that any of Ashland&#146;s representations and warranties contained herein have ceased to be true and correct in any
material respect, and (ii) neither Marathon nor USX shall have (x) failed to timely perform in any material respect any of its covenants and agreements contained herein or (y) breached any of its representations and warranties contained herein in
any material respect, then on such later date on which the Closing actually takes place (such later date being the &#147;<U>Delayed Closing Date</U>&#148;) Marathon shall deduct from the Marathon Call Price or the Ashland Put Price (or the first
Installment Payment, as applicable) payable to Ashland on the Delayed Closing Date, an amount equal to the amount of interest accrued during the period commencing at 12:01 a.m. on the day immediately following the Scheduled Closing Date and ending
on and including the Delayed Closing Date (the &#147;<U>Delayed Closing Date Interest Period</U>&#148;) on the Marathon Call Price, or the Ashland Put Price (or the first Installment Payment thereof, as applicable), at a rate per </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">54 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">annum equal to the 30-day LIBOR Rate multiplied by 1.5, with daily accrual of interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Other Consequences.</U> In the event that Marathon revokes Ashland&#146;s Ashland Put Exercise Notice or its Marathon
Call Exercise Notice pursuant to Section 9.03(a), each of Marathon and Ashland shall thereafter have the right to exercise their respective Marathon Call Right and Ashland Put Right in accordance with the terms of this Agreement. Any such revocation
shall not operate as a release of Ashland from any liability it may have to Marathon for any breach of its obligations under this Agreement and such revocation shall not in any way preclude Marathon from exercising any right or power hereunder or
otherwise available to it at law or in equity as a result of any such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 9.04. <U>Consequences of a Delayed Closing of the Marathon Call Right or the Ashland Put Right Where Marathon or USX Is at Fault.</U> (a) <U>Revocation of Proxies; Payment of Distributions to Ashland; Right To
Revoke Ashland Put Exercise Notice or Marathon Call Exercise Notice.</U> If the Closing of the Marathon Call Right or the Ashland Put Right does not occur on the Scheduled Closing Date, and (i) the delay is due to (x) a failure by Marathon or USX to
timely perform in any material respect any of its respective covenants and agreements contained herein or (y) the fact that any of Marathon&#146;s or USX&#146;s respective representations and warranties contained herein (or in any certificate
required to be delivered to Ashland pursuant to Section 9.02(b)(iv)) have ceased to be true and correct in any material respect, and (ii) Ashland shall not have (x) failed to timely perform in any material respect any of its covenants and agreements
contained herein or (y) breached any of its representations and warranties contained herein in any material respect, then (i) effective as of 12:01 a.m. on the day immediately following the Scheduled Closing Date, all Ashland Representatives
Revocable Proxies and the Ashland LOOP/LOCAP Revocable Proxy shall automatically be revoked; (ii) Marathon shall, and shall cause each of its Representatives to, promptly take all such actions as are necessary to provide that the Company shall
thereupon resume making distributions of Distributable Cash and Tax Liability Distributions directly to Ashland pursuant to Article V of the LLC Agreement; (iii) Marathon shall immediately pay to Ashland an amount equal to all Exercise Period
Distributions received by </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">55 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Marathon from the Company in accordance with the provisions of Section 5.01(a)(ii), together with interest on each such Exercise Period Distribution at a
rate per annum equal to the Base Rate, with daily accrual of interest, from (but excluding) the date such amount was otherwise payable to Ashland (or, if earlier, the date such amount was paid to Marathon) to (and including) the date such amount is
paid to Ashland in accordance with the provisions of this clause (iii); (iv) the Company shall immediately release to Ashland all amounts then held in the Escrow Account, including any income earned thereon; and (v) if the Closing shall not have
occurred on or prior to the date that is 180 days after the Scheduled Closing Date, Ashland thereafter shall have the right, exercisable at any time prior to the Closing by written notice to Marathon, to revoke its Ashland Put Exercise Notice or
Marathon&#146;s Marathon Call Exercise Notice, as applicable. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(b) <U>Adjustments to Ashland Put Price or Marathon Call Price.</U> In addition, if the Closing of the Marathon Call Right or the Ashland Put Right does not occur on the Scheduled Closing Date, and (i) the delay is due to (x) a failure by
Marathon or USX to timely perform in any material respect any of its respective covenants and agreements contained herein or (y) the fact that any of Marathon&#146;s or USX&#146;s respective representations and warranties contained herein have
ceased to be true and correct in any material respect, and (ii) Ashland shall not have (x) failed to timely perform in any material respect any of its covenants and agreements contained herein or (y) breached any of its representations and
warranties contained herein in any material respect, then Marathon shall be entitled to deduct from the Marathon Call Price or from the Ashland Put Price (or the first Installment Payment, as applicable) payable to Ashland on the Delayed Closing
Date, an amount (the &#147;<U>9.04(b) Post-Scheduled Closing Date Distribution Amount</U>&#148;) equal to the amount of any Ashland Exercise Period Distributions that Ashland shall have received from the Company in Cash during the Delayed Closing
Date Interest Period and, on the Delayed Closing Date, Marathon shall pay to Ashland in addition to the Marathon Call Price or the Ashland Put Price (or the first Installment Payment, as applicable) and related accrued interest payable pursuant to
Section 3.01 or 4.01, as applicable, an amount in Cash equal to the amount of interest accrued during the Delayed Closing Interest Period on an amount equal to (1) the Marathon Call Price or the Ashland Put Price (or the first Installment Payment
thereof, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">56 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">as applicable) minus (2) the 9.04(b) Post-Scheduled Closing Date Distribution Amount, at a rate per annum equal to the 30-day LIBOR Rate multiplied by 1.5,
with daily accrual of interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Other Consequences.</U>
In the event that Ashland revokes its Ashland Put Exercise Notice or Marathon&#146;s Marathon Call Exercise Notice pursuant to clause (v) of Section 9.03(a), each of Ashland and Marathon shall thereafter have the right to exercise their respective
Ashland Put Right and Marathon Call Right in accordance with the terms of this Agreement. Any such revocation shall not operate as a release of Marathon or USX from any liability it may have to Ashland for any breach of its obligations under this
Agreement and such revocation shall not in any way preclude Ashland from exercising any right or power hereunder or otherwise available to it at law or in equity as a result of any such breach. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.05. <U>Consequences of a Delayed Closing of the Marathon Call Right
or the Ashland Put Right Where No Party Is at Fault.</U> If the Closing of the Marathon Call Right or the Ashland Put Right does not occur on the Scheduled Closing Date, and the delay is not due to a failure by any party hereto to timely perform in
any material respect any of its respective covenants and agreements contained herein or to the fact that any party&#146;s representations and warranties contained herein have ceased to be true and correct in any material respect, then Marathon shall
pay to Ashland on the Delayed Closing Date, in addition to the Marathon Call Price or the Ashland Put Price (or the first Installment Payment, as applicable) and related accrued interest payable pursuant to Section 3.01 or 4.01, as applicable, an
amount in Cash equal to the amount of interest accrued during the Delayed Closing Interest Period on the Marathon Call Price or the Ashland Put Price (or the first Installment Payment, as applicable), at a rate per annum equal to the Base Rate, with
daily accrual of interest. If the Delayed Closing Date does not occur on or prior to the date that is 180 days after the Scheduled Closing Date and the delay is not due to an action or failure to act by any of Marathon, USX or Ashland, then (i)
effective as of 12:01 a.m. on the day immediately following the last day of such 180-day period, all Ashland Representatives Revocable Proxies and the Ashland LOOP/LOCAP Revocable Proxy shall automatically be revoked; (ii) Marathon shall, and shall
cause each of its </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">57 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Representatives to, promptly take all such actions as are necessary to provide that the Company shall resume making distributions of Distributable Cash and
Tax Liability Distributions directly to Ashland pursuant to Article V of the LLC Agreement; (iii) Marathon shall immediately pay to Ashland an amount equal to all Exercise Period Distributions received by Marathon from the Company in accordance with
the provisions of Section 5.01(a)(ii), together with interest on each such Exercise Period Distribution at a rate per annum equal to the Base Rate, with daily accrual of interest, from (but excluding) the date such amount was otherwise payable to
Ashland (or, if earlier, the date such amount was paid to Marathon) to (and including) the date such amount is paid to Ashland in accordance with the provisions of this clause (iii); (iv) the Company shall immediately release to Ashland all amounts
then held in the Escrow Account, including any income earned thereon; and (v) the parties shall be restored to their rights as though the Ashland Put Right or the Marathon Call Right had never been exercised, without liability to any party and
without any effect on the ability of Ashland to exercise its Ashland Put Right or Marathon to exercise its Marathon Call Right in accordance with the terms of this Agreement in the future. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.06. <U>Consequences of Delayed Second or Third Scheduled
Installment Payment.</U> If Marathon shall fail to make an Installment Payment on the second or third Scheduled Installment Payment Date, if applicable, then on such later date on which the applicable Installment Payment is actually made (such later
date being a &#147;<U>Delayed Installment Payment Date</U>&#148;), Marathon shall pay to Ashland, in addition to the applicable Installment Payment and related accrued interest payable pursuant to Section 3.01 or 4.01, as applicable, an amount in
Cash equal to the amount of interest accrued during the period commencing on the day immediately following the Scheduled Installment Payment Date and ending on and including the date of the payment of the relevant Installment Payment (the
&#147;<U>Delayed Installment Payment Date Interest Period</U>&#148;) on the applicable Installment Payment, at a rate per annum equal to the 30 day LIBOR Rate multiplied by 1.5, with daily accrual of interest. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.07. <U>Consequences of a Delayed Closing of the Special Termination
Right Where Terminating Member Is at Fault. </U>(a) <U>Continuation of Term of the Company; Right to Specific Performance.</U> If the Closing of the Special Termination Right shall not have occurred on or prior to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">58 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Scheduled Closing Date, and (i) the delay is due to (x) a failure by the Terminating Member (or, if Marathon is the Terminating Member, Marathon or USX) to
timely perform in any material respect any of its covenants and agreements contained herein or (y) the fact that any of the Terminating Member&#146;s (or, if Marathon is the Terminating Member, Marathon&#146;s or USX&#146;s) representations and
warranties contained herein have ceased to be true and correct in any material respect, and (ii) the Non-Terminating Member (or, if Marathon is the Non-Terminating Member, Marathon or USX) shall not have (x) failed to timely perform in any material
respect any of its covenants and agreements contained herein or (y) breached any of its representations and warranties contained herein in any material respect, then the Non-Terminating Member shall have the right to elect, by written notice to the
Company and the Terminating Member, to either (i) terminate the Term of the Company at the end of the Initial Term or the then-current 10-year extension thereof, as applicable (in which case the Term of the Company shall automatically terminate upon
the expiration of the Initial Term or the then-current 10-year extension thereof), or (ii) extend the Term of the Company for two additional years following the expiration of the Initial Term or the then-current 10-year extension thereof, as
applicable (in which case the Term of the Company shall automatically be extended for such additional two-year period). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Adjustment to Special Termination Price.</U> If the Closing of the Special Termination Right does not occur on the Scheduled Closing Date, and (i)
the delay is due to (x) a failure by the Terminating Member (or, if Marathon is the Terminating Member, Marathon or USX) to timely perform in any material respect any of its covenants and agreements contained herein or (y) the fact that any of the
Terminating Member&#146;s (or, if Marathon is the Terminating Member, Marathon&#146;s or USX&#146;s) representations and warranties contained herein have ceased to be true and correct in any material respect, and (ii) the Non-Terminating Member (or,
if Marathon is the Terminating Member, Marathon or USX) shall not have (x) failed to timely perform in any material respect any of its covenants and agreements contained herein or (y) breached any of its representations and warranties contained
herein in any material respect, then on the Delayed Closing Date the Non-Terminating Member shall deduct from the Special Termination Price payable to the Terminating Member on the Delayed Closing Date, an amount equal to the amount of interest
accrued during the Delayed </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">59 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Closing Date Interest Period on the Special Termination Price, at a rate per annum equal to the 30-day LIBOR Rate multiplied by 1.5, with daily accrual of
interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.08. <U>Consequences of a Delayed Closing
of the Special Termination Right Where Non-Terminating Member Is at Fault.</U> (a)<U> Revocation of Proxies; Payment of Distributions to Terminating Member; Right to Revoke Special Termination Exercise Notice.</U> If the Closing of the Special
Termination Right does not occur on the Scheduled Closing Date, and (i) the delay is due to a failure by the Non-Terminating Member (or, if Marathon is the Non-Terminating Member, Marathon or USX) to timely perform in any material respect any of its
covenants and agreements contained herein or (y) the fact that any of the Non-Terminating Member&#146;s (or, if Marathon is the Non-Terminating Member, Marathon&#146;s or USX&#146;s) representations and warranties contained herein have ceased to be
true and correct in any material respect, and (ii) the Terminating Member (or, if Marathon is the Terminating Member, Marathon or USX) shall not have(x) failed to timely perform in any material respect any of its covenants and agreements contained
herein or (y) breached any of its representations and warranties contained herein in any material respect, then (i) effective as of 12:01 a.m. on the day immediately following the Scheduled Closing Date, all Marathon Representative Revocable Proxies
(in the circumstance where Marathon is the Terminating Member) or all Ashland Representative Revocable Proxies and the Ashland LOOP/LOCAP Revocable Proxy (in the circumstance where Ashland is the Terminating Member) shall automatically be revoked;
(ii) the Non-Terminating Member shall, and shall cause each of its Representatives to, promptly take all such actions as are necessary to provide that the Company shall thereupon resume making distributions of Distributable Cash and Tax Liability
Distributions directly to the Terminating Member pursuant to Article V of the LLC Agreement; (iii) the Non-Terminating Member shall immediately pay to theTerminating Member an amount equal to all Exercise Period Distributions received by the
Non-Terminating Member from the Company in accordance with the provisions of Section 5.01(a)(ii) or Section 5.01(b)(ii), as applicable, together with interest on each such Exercise Period Distribution at a rate per annum equal to the Base Rate, with
daily accrual of interest, from (but excluding) the date such amount was otherwise payable to the Terminating Member (or, if earlier, the date such amount was paid to the Non-Terminating Member) to (and including) the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">60 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">date such amount is paid to the Terminating Member in accordance with the provisions of this clause (iii); (iv) the Company shall immediately release to the
Terminating Member all amounts then held in the Escrow Account, including any income earned thereon; and (v) if the Closing shall not have occurred on or prior to the date that is 120 days before the expiration of the Initial Term or the
then-current 10-year extension thereof, each of the Terminating Member and the Non-Terminating Member thereafter shall have the right, exercisable at any time prior to the Closing by written notice to the other party, to revoke the Non-Terminating
Member&#146;s Special Termination Exercise Notice, in which event the Term of the Company shall automatically terminate upon the expiration of the Initial Term or the then-current 10-year extension thereof. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Adjustments to Special Termination Price.</U> In addition, if the
Closing of the Special Termination Right does not occur on the Scheduled Closing Date, and (i) the delay is due to (x) a failure by the Non-Terminating Member (or, if Marathon is the Non-Terminating Member, Marathon or USX) to timely perform in any
material respect any of its covenants and agreements contained herein or (y) the fact that any of the Non-Terminating Member&#146;s (or, if Marathon is the Non-Terminating Member, Marathon&#146;s or USX&#146;s) representations and warranties
contained herein have ceased to be true and correct in any material respect, and (ii) the Terminating Member (or, if Marathon is the Terminating Member, Marathon or USX) shall not have (x) failed to timely perform in any material respect any of its
covenants and agreements contained herein or (y) breached any of its representations and warranties contained herein in any material respect, then the Non-Terminating Member shall be entitled to deduct from the Special Termination Price payable to
the Terminating Member on the Delayed Closing Date, an amount (the &#147;<U>9.08(b) Post-Scheduled Closing Date Distribution Amount</U>&#148;) equal to the amount of any Exercise Period Distributions that the Terminating Member shall have received
from the Company in Cash during the Delayed Closing Date Interest Period and, on the Delayed Closing Date, the Non-Terminating Member shall pay to the Terminating Member in addition to the Special Termination Price and related accrued interest
payable pursuant to Section 2.01, an amount in Cash equal to the amount of interest accrued during the Delayed Closing Interest Period on an amount equal to (1) the Special Termination Price minus (2) the 9.08(b) Post-Scheduled Closing Date
Distribution Amount, at a rate </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">61 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">per annum equal to the 30-day LIBOR Rate multiplied by 1.5, with daily accrual of interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Other Consequences.</U> In the event that the Terminating Member revokes the Non-Terminating Member&#146;s Special
Termination Exercise Notice, then the Non-Terminating Member shall not thereafter have the right to exercise its Special Termination Right. Any such revocation shall not operate as a release of the Non-Terminating Member from any liability it may
have to the Terminating Member for any breach of its obligations under this Agreement and such revocation shall not in any way preclude the Terminating Member from exercising any right or power hereunder or otherwise available to it at law or in
equity as a result of any such breach. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 9.09.
<U>Consequences of Delayed Closing of Special Termination Right Where No Party Is at Fault.</U> If the Closing of the Special Termination Right does not occur on the Scheduled Closing Date, and the delay is not due to a failure by any party hereto
to timely perform in any material respect any of its respective covenants and agreements contained herein or to the fact that any party&#146;s representations and warranties contained herein have ceased to be true and correct in any material
respect, then the Non-Terminating Member shall pay to the Terminating Member on the Delayed Closing Date, in addition to the Special Termination Price and related accrued interest payable pursuant to Section 2.01, an amount in Cash equal to the
amount of interest accrued during the Delayed Closing Interest Period on the Special Termination Price, at a rate per annum equal to the Base Rate, with daily accrual of interest. If the Delayed Closing Date does not occur on or prior to the date
that is 120 days before the expiration of the Initial Term or the then-current 10-year extension thereof and the delay is not due to an action or failure to act by the Terminating Member or the Non-Terminating Member, then (i) effective as of 12:01
a.m. on the day immediately following such 120th day before the expiration of the Initial Term or the then-current 10-year extension thereof, all Marathon Representative Revocable Proxies (in the circumstance where Marathon is the Terminating
Member) or all Ashland Representative Revocable Proxies and the Ashland LOOP/LOCAP Revocable Proxy (in the circumstance where Ashland is the Terminating Member) shall be revoked; (ii) the Non-Terminating Member shall, and shall cause each of its
Representatives to, promptly take all such actions as </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">62 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">are necessary to provide that the Company shall resume making distributions of Distributable Cash and Tax Liability Distributions directly to the Terminating
Member pursuant to Article V of the LLC Agreement; (iii) the Non-Terminating Member shall immediately pay to the Terminating Member an amount equal to all Exercise Period Distributions received by the Non-Terminating Member from the Company in
accordance with the provisions of Section 5.01(a)(ii) or Section 5.01(b)(ii), as applicable, together with interest on each such Exercise Period Distribution at a rate per annum equal to the Base Rate, with daily accrual of interest, from (but
excluding) the date such amount was otherwise payable to the Terminating Member (or, if earlier, the date such amount was paid to the Non-Terminating Member) to (and including) the date such amount is paid to the Terminating Member in accordance
with the provisions of this clause (iii); (iv) the Company shall immediately release to the Terminating Member all amounts then held in the Escrow Account, including any income earned thereon; and (v) the Term of the Company shall automatically
terminate upon the expiration of the Initial Term or the then-current 10-year extension thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE X </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><U>Registration Rights </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.01.
<U>Registration upon Request.</U> (a) Ashland shall have the right to make a written demand upon the issuer or, in the case of any Marathon Debt Securities issued by Marathon and guaranteed by USX, issuers of any class of Securities delivered or to
be delivered to Ashland as payment of any portion of the Ashland Put Price (both parties hereinafter referred to collectively as the &#147;<U>Issuer</U>&#148;), on not more than six separate occasions (subject to the provisions of this Section
10.01), to either, at Ashland&#146;s option, (i) register under the Securities Act all or a portion of such Securities for purposes of a public offering by Ashland of such Securities or (ii) prepare an Offering Memorandum that covers all or a
portion of such Securities for purposes of a private placement by Ashland of such Securities (either of such requests being referred to herein as a &#147;<U>Demand Registration</U>&#148;) that were not registered under the Securities Act at the time
of issuance thereof to Ashland on the Closing Date or Installment Payment Date, as the case may be, and the Issuer shall use its best efforts </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">63 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">to file a Registration Statement and cause such Securities to be registered under the Securities Act (in the case of a Demand Registration for a public
offering) or to prepare a final Offering Memorandum (in the case of a Demand Registration for a private placement) (i) in the case of any Securities to be delivered to Ashland on the Closing Date or any Installment Payment Date, not later than the
Scheduled Closing Date or applicable Scheduled Installment Payment Date or (ii) in the case of any Securities that have been delivered to Ashland on the Closing Date or any Installment Payment Date, in each case not later than 60 days after such
written demand by Ashland; <U>provided</U> that each Demand Registration shall cover Securities having an aggregate fair market value (based on the then-current market value of such Securities or, if such market value cannot be determined, based on
the expected offering price of such Securities) equal to (i) in the case of a public offering, $100 million or more, unless Ashland shall hold less than $100 million of Securities, in which event, the remaining Securities held by Ashland and (ii) in
the case of a private placement, $25 million or more, unless Ashland shall hold less than $25 million of Securities, in which event, the remaining Securities held by Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Notwithstanding the provisions of Section 10.01(a), the Issuer (i) shall not be obligated to prepare or file more than
one Registration Statement pursuant to this Section 10.01 during any six month period (measured from the effective date (or, in the case of a private placement, the closing date) of the most recently requested Demand Registration to the date of the
demand by Ashland for a subsequent Demand Registration) and (ii) shall be entitled to postpone the filing of any Registration Statement otherwise required to be prepared and filed by it pursuant to Section 10.01(a), and to prevent Ashland from
initially distributing any Offering Memorandum required to be prepared by the Issuer pursuant to Section 10.01(a), in each case (x) if the Issuer is actively pursuing an Underwritten Public Offering, for a period of up to 90 days following the
closing of any Underwritten Public Offering; <U>provided</U> that the Issuer is advised by its managing underwriter or underwriters in writing (with a copy to Ashland), that the price at which securities would be offered in such offering would, in
its or in their opinion, be materially adversely affected by the registration or the initial dissemination of the Offering Memorandum so requested, or (y) for a period of up to 90 days if the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">64 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Issuer determines in its reasonable judgment and in good faith that the registration and distribution of such Securities (or the private placement thereof,
in the case of a sale by Ashland of such securities pursuant to Section 4(2) or Rule 144A of the Securities Act) would materially adversely impair or interfere with in any material respect any contemplated material financing, acquisition,
disposition, corporate reorganization or other similar transaction involving the Issuer or any of its subsidiaries or Affiliates ((x) or (y) being hereinafter referred to as a &#147;<U>Blackout Period</U>&#148;), <U>provided</U>, <U>however</U>,
that the aggregate number of days included in all Blackout Periods during any consecutive 12 months shall not exceed 180 days, and; <U>provided further</U>, <U>however</U>, that a period of at least 30 days shall elapse between the termination of
any Blackout Period and the commencement of the immediately succeeding Blackout Period. In the event of such postponement, Ashland shall have the right to withdraw such request for registration or request for preparation of an Offering Memorandum by
giving written notice to the Issuer within 20 days after receipt of notice of postponement and, in the event of such withdrawal, such request shall not be counted for purposes of determining the number of Demand Registrations to which Ashland is
entitled pursuant to Section 10.01(a). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) A registration
requested pursuant to this Section 10.01 shall not be deemed to have been effected unless the Registration Statement relating thereto (i) has become effective under the Securities Act and (ii) has remained effective for a period of at least 90 days
(or such shorter period in which all Securities included in such registration have actually been sold thereunder); <U>provided</U>, <U>however</U>, that if after any Registration Statement requested pursuant to this Section 10.01 becomes effective
such Registration Statement is interfered with by any stop order, injunction or other order or requirement of the Commission or other Governmental Authority solely due to the actions or omissions to act of the Issuer prior to being effective for 90
days and less than 75% of the Securities have been sold thereunder, such Registration Statement shall be at the sole expense of the Issuer and shall not constitute a Demand Registration. In addition, a request for the preparation of an Offering
Memorandum pursuant to this Section 10.01 shall not be deemed to have been effected unless the information contained in such Offering Memorandum has remained &#147;reasonably current&#148; (as such term is defined in Rule 144A </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">65 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">under the Securities Act) for a period of at least 90 days (or such shorter period in which all Securities covered by such Offering Memorandum have actually
been sold thereunder); <U>provided</U>, <U>however</U>, that if such Offering Memorandum is interfered with by any stop order, injunction or other order or requirement of the Commission or other Governmental Authority solely due to the actions or
omissions to act of the Issuer prior to such Offering Memorandum being made available to Ashland for 90 days and less than 75% of the Securities have been sold pursuant thereto, such Offering Memorandum shall be at the sole expense of the Issuer and
shall not constitute a Demand Registration. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) On or after
the date hereof, the Issuer shall not grant to any other holder of its securities, whether currently outstanding or issued in the future, any incidental or &#147;piggy-back&#148; registration rights with respect to any Registration Statement filed
or Offering Memorandum prepared pursuant to a Demand Registration under this Section 10.01 and, without the prior consent of Ashland, will not permit any holder of its securities to participate in any offering or private placement made pursuant to a
Demand Registration under this Section 10.01. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) If a Demand
Registration involves an Underwritten Public Offering and the managing underwriter or underwriters shall advise the Issuer and Ashland in writing that, in its view, the number of securities requested to be included in such registration (including,
without limitation, Securities requested to be included by Ashland, securities which the Issuer proposes to be included, and securities proposed to be included by other holders of securities entitled to include securities in such registration
pursuant to incidental or &#147;piggy-back&#148; registration rights other than those pursuant to this Article X (the &#147;<U>Other Holders</U>&#148;)) exceeds the largest number of shares of securities which can be sold without having an adverse
effect on such offering, including the price at which such securities can be sold (the &#147;<U>Maximum Offering Size</U>&#148;), the Issuer shall include in such registration, in the priority listed below, up to the Maximum Offering Size:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) first, all Securities requested to be
registered by Ashland; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">66 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) second, all securities requested to be included in such registration by any Other
Holder (allocated, if necessary, for the offering not to exceed the Maximum Offering Size, pro rata among such Other Holders on the basis of the relative number of securities requested to be included in such registration); and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) third, any securities proposed to be registered by the
Issuer or by any Other Holders pursuant to incidental or &#147;piggy-back&#148; registration rights. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) Ashland may, at any time, prior to the effective date of the Registration Statement or the initial distribution of the Offering Memorandum relating to
such request, revoke such request by providing a written notice to the Issuer, in which case such request, as so revoked, shall not constitute a Demand Registration. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.02. <U>Covenants of the Issuer.</U> (a) <U>Registration Statement Covenants.</U> In the event that any Securities
are to be registered pursuant to Section 10.01, the Issuer covenants and agrees that it shall (i) use its best efforts to effect the registration, (ii) cooperate in the sale of the Securities and (iii) as expeditiously as possible: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) prepare and file with the Commission a Registration
Statement with respect to such Securities on Form S-3, if permitted, or otherwise on any form for which the Issuer then qualifies or which counsel for the Issuer shall deem appropriate, and which form shall be available for the sale of the
Securities in accordance with the intended methods of distribution thereof, and use its best efforts to cause such Registration Statement to become and remain effective; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) prepare and file with the Commission amendments and supplements to such Registration Statement and
prospectus used in connection therewith as may be necessary to maintain the effectiveness of such registration and to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration
Statement until the earlier of (i) such time as all of such securities have been disposed of in accordance with the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">67 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">intended methods of disposition by Ashland set forth in such Registration Statement and (ii) the expiration of 90 days after the date such Registration
Statement becomes effective; <U>provided</U> that before filing a Registration Statement or prospectus, or any amendments or supplements thereto, the Issuer shall furnish to Ashland and its counsel, copies of all documents proposed to be filed;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(3) furnish to Ashland such number of copies
of such Registration Statement and of each amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus and prospectus supplement, as applicable, in conformity with the requirements of the
Securities Act, and such other documents as Ashland may reasonably request in order to facilitate the disposition of the Securities by Ashland; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(4) use its best efforts to register or qualify such Securities covered by such Registration Statement under such other securities or blue
sky laws of such jurisdictions as Ashland shall reasonably request, and do any and all other acts and things which may be reasonably necessary or advisable to enable Ashland to consummate the disposition in such jurisdictions of the Securities owned
by Ashland, except that the Issuer shall not for any such purpose be required to (i) qualify generally to do business as a foreign corporation in any jurisdiction where, but for the requirements of this Section 10.04(a)(4), it would not be obligated
to be so qualified, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(5) use its best efforts to cause such Securities covered by such Registration Statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary to enable Ashland to consummate the disposition of such Securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(6) notify Ashland at any time when a prospectus relating to a Registration Statement is required to be delivered under the Securities Act
within the appropriate period mentioned in Section 10.02(a)(2), of the happening of any event as a result of which such Registration Statement contains an untrue statement of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">68 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the
circumstances then existing, and at the request of Ashland, prepare and furnish to Ashland a reasonable number of copies of an amended or supplemental prospectus as may be necessary so that, as thereafter delivered to the purchasers of such
Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then
existing; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(7) otherwise use its best efforts
to comply with all applicable rules and regulations of the Commission, and make available to Ashland, as soon as reasonably practicable (but not more than eighteen months) after the effective date of the Registration Statement, an earnings statement
which shall satisfy the provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(8) use its best efforts to cause all such Securities that are Marathon Equity Securities to be listed on any securities exchange on which
the securities of the Issuer are then listed, if such Securities are not already so listed and if such listing is then permitted under the rules of such exchange, and to provide a transfer agent and registrar for such Securities covered by such
Registration Statement no later than the effective date of such Registration Statement; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(9) use its best efforts to obtain a &#147;cold comfort&#148; letter or letters from the Issuer&#146;s independent public accountants in
customary form; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(10) cooperate with
Ashland and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legends) representing the Securities to be sold under such Registration Statement, and
enable such Securities to be in such denominations and registered in such names as the managing underwriter or underwriters, if any, or Ashland may request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">69 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Offering Memorandum Covenants.</U> In the event that any Securities are to be sold by Ashland by
means of an Offering Memorandum prepared by the Issuer pursuant to Sections 10.01, the Issuer covenants and agrees that it shall (i) cooperate in the sale of the Securities and (ii) as expeditiously as possible: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(1) prepare the Offering Memorandum; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(2) prepare amendments and supplements to such Offering
Memorandum as may be necessary to keep the information in such Offering Memorandum &#147;reasonably current&#148; (as such term is defined in Rule 144A under the Securities Act) and to comply with the provisions of the Securities Act with respect to
the disposition of all securities covered by such Offering Memorandum until the earlier of (i) such time as all of such securities have been disposed of in accordance with the intended methods of disposition by Ashland set forth in such Offering
Memorandum and (ii) the expiration of 90 days after the date such Offering Memorandum (in definitive form) is circulated to the initial purchasers; <U>provided</U> that before making any amendments or supplements thereto, the Issuer shall furnish to
Ashland and its counsel, copies of all proposed amendments or supplements; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(3) furnish to Ashland such number of copies of such Offering Memorandum and of each amendment and supplement thereto (in each case including all exhibits), and such other documents as Ashland may reasonably request
in order to facilitate the disposition of the Securities by Ashland; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(4) use its best efforts to register or qualify such Securities covered by such Offering Memorandum under such other securities or blue sky laws of such jurisdictions as Ashland shall reasonably request, and do any
and all other acts and things which may be reasonably necessary or advisable to enable Ashland to consummate the disposition in such jurisdictions of the Securities owned by Ashland, except that the Issuer shall not for any such purpose be required
to (i) qualify generally to do business as a foreign corporation in any jurisdiction where, but for the requirements of this Section 10.02(b)(4), it would not be obligated to be so qualified, (ii) subject itself to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">70 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction); </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(5) use its best efforts to cause such Securities covered by
such Offering Memorandum to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable Ashland to consummate the disposition of such Securities; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(6) notify Ashland at any time prior to the completion of
the sale of the Securities by Ashland that are covered by the Offering Memorandum, of the happening of any event as a result of which such Offering Memorandum contains an untrue statement of a material fact or omits to state a material fact required
to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and at the request of Ashland, prepare and furnish to Ashland a reasonable number of copies of an amended or supplemental
Offering Memorandum as may be necessary so that, as thereafter delivered to the purchasers of such Securities, such Offering Memorandum shall not contain an untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein not misleading in light of the circumstances then existing; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(7) otherwise use its best efforts to comply with all applicable rules and regulations of the Commission; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(8) use its best efforts to cause all such Securities that
are Marathon Equity Securities to be listed on any securities exchange on which the securities of the Issuer are then listed, if such Securities are not already so listed and if such listing is then permitted under the rules of such exchange, and to
provide a transfer agent and registrar for such Securities covered by such Offering Memorandum no later than the effective date of such Offering Memorandum; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(9) use its best efforts to obtain a &#147;cold comfort&#148; letter or letters from the Issuer&#146;s independent public accountants in
customary form; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">71 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(10) cooperate with Ashland and the initial purchasers, if any, to facilitate the timely
preparation and delivery of certificates representing the Securities to be sold under such Offering Memorandum, and enable such Securities to be in such denominations and registered in such names as the initial purchasers, if any, or Ashland may
request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The Issuer may require Ashland to furnish the Issuer
with such information regarding Ashland and pertinent to the disclosure requirements relating to the registration and/or the distribution of such Securities pursuant to this Article X as the Issuer may from time to time reasonably request in
writing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Ashland agrees that, upon receipt of any notice from
the Issuer of the happening of any event of the kind described in Section 10.02(a)(6) or 10.02(b)(6), or of the imposition by the Issuer of a Blackout Period of the type described in clause (y) of 10.01(b)(ii), Ashland shall forthwith discontinue
such disposition of such Securities pursuant to the Registration Statement or Offering Memorandum covering such Securities until Ashland&#146;s receipt of the copies of the supplemented or amended prospectus or Offering Memorandum contemplated by
Section 10.02(a)(6) and 10.02(b)(6), respectively, or the expiration of such Blackout Period, as applicable, and, if so directed by the Issuer, Ashland shall deliver to the Issuer (at the Issuer&#146;s expense) all copies, other than permanent file
copies then in Ashland&#146;s possession, of the prospectus or Offering Memorandum covering such Securities current at the time of receipt of such notice. In the event the Issuer shall give any such notice, the period mentioned in Section
10.02(a)(2) or 10.02(b)(2), as applicable, shall be extended by the number of days during the period from the date of the giving of such notice pursuant to Section 10.02(a)(6) or 10.02(b)(6), as applicable, and through the date when Ashland shall
have received the copies of the supplemented or amended prospectus or Offering Memorandum contemplated by Section 10.02(a)(6) or 10.02(b)(6), respectively, or the expiration of such Blackout Period, as applicable. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.03. <U>Fees and Expenses.</U> In connection with any registration
pursuant to this Article X or the preparation of any Offering Memorandum pursuant to this Article X, (i) Ashland shall pay all agent fees and commissions and underwriting discounts and commissions </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">72 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">related to the Securities being sold by Ashland and the fees and disbursements of its counsel and accountants and (ii) the Issuer shall pay all fees and
disbursements of its counsel and accountants and the expenses, including fees incurred in the preparation of a cold comfort letter requested by Ashland pursuant to Section 10.02(a)(9) or 10.02(b)(9), as applicable. All others fees and expenses in
connection with any Registration Statement or Offering Memorandum (including, without limitation, all registration and filing fees, all printing costs, all fees and expenses of complying with securities or blue sky laws) shall be borne by Ashland;
<U>provided</U> that Ashland shall not pay any expenses relating to work that would otherwise be incurred by the Issuer including, but not limited to, the preparation and filing of periodic reports with the Commission. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.04. <U>Indemnification and Contribution.</U> In the case of any
offering registered pursuant to this Article X or any private placement pursuant to an Offering Memorandum prepared by the Issuer pursuant to this Article X, the Issuer agrees to indemnify and hold Ashland, each underwriter or initial purchaser, if
any, of the Securities under such registration or covered by such Offering Memorandum and each person who controls any of the foregoing within the meaning of Section 15 of the Securities Act, and any director, officer, employee, stockholder,
partner, agent or representative, of the foregoing, harmless against any and all losses, claims, damages or liabilities (including reasonable legal fees and other reasonable expenses incurred in the investigation and defense thereof) (collectively
&#147;<U>Losses</U>&#148;) to which they or any of them may become subject under the Securities Act or otherwise, insofar as any such Losses shall arise out of or shall be based upon (i) any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement (as amended if the Issuer shall have filed with the Commission any amendment thereof) or Offering Memorandum (as amended if the Issuer shall have prepared and delivered to Ashland for private distribution
any amendment to such Offering Memorandum), or the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading or (ii) any untrue statement or alleged untrue statement of a material fact contained in the prospectus relating to the sale of such Securities (as amended or supplemented if the Issuer shall have filed with the Commission any amendment
</FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">73 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">thereof or supplement thereto), or the omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in
light of the circumstances under which they were made, not misleading; <U>provided</U> that the indemnification contained in this Section 10.04 shall not apply to such Losses which shall arise out of or shall be based upon any such untrue statement
or alleged untrue statement, or any such omission or alleged omission, which shall have been made in reliance upon and in conformity with information furnished in writing to the Issuer by Ashland or such underwriter or initial purchaser, as the case
may be, specifically for use in connection with the preparation of the Registration Statement, the prospectus contained in the Registration Statement or the Offering Memorandum, as applicable, or any such amendment thereof or supplement therein.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding the foregoing provisions of this Section
10.04, the Issuer shall not be liable to Ashland, any person who participates as an underwriter in the offering or sale of such Securities, any person who participates as an initial purchaser in the private placement of such Securities or any other
person, if any, who controls Ashland or any underwriter or initial purchaser (within the meaning of the Securities Act), under the indemnity agreement in this Section 10.04 for any such Losses that arise out of Ashland&#146;s or such other
person&#146;s failure to send or give a copy of the final prospectus or final Offering Memorandum to the person asserting an untrue statement or alleged untrue statement or omission or alleged omission at or prior to the written confirmation of the
sale of the Securities to such person if such statement or omission was corrected in such final prospectus or final Offering Memorandum and the Issuer has previously furnished copies thereof in accordance with this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">In the case of each offering registered pursuant to this Article X and each
private placement pursuant to this Article X, Ashland shall agree, and each underwriter or initial purchaser, if any, participating therein shall agree, substantially in the same manner and to the same extent as set forth in the preceding paragraph,
severally to indemnify and hold harmless the Issuer and each person who controls the Issuer within the meaning of Section 15 of the Securities Act, and any director, officer, employee, stockholder, partner, agent or representative of the Issuer,
with respect to any statement in or omission from such </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">74 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Registration Statement (as amended or as supplemented, if amended or supplemented as aforesaid) or Offering Memorandum (as amended or as supplemented, if
amended or supplemented as aforesaid), as applicable, if such statement or omission shall have been made in reliance upon and in conformity with information furnished in writing to the Issuer by Ashland or such underwriter or initial purchaser, as
the case may be, specifically for use in connection with the Registration Statement, the prospectus contained in such Registration Statement or the Offering Memorandum, as applicable, or any such amendment thereof or supplement thereto. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Each party indemnified under this Section 10.04 shall, promptly after
receipt of notice of the commencement of any claim against any such indemnified party in respect of which indemnity may be sought hereunder, notify the indemnifying party in writing of the commencement thereof. The failure of any indemnified party
to so notify an indemnifying party of any action shall not relieve the indemnifying party from any liability in respect of such action which it may have to such indemnified party on account of the indemnity contained in this Section 10.04, unless
(and only to the extent) the indemnifying party was prejudiced by such failure, and in no event shall such failure relieve the indemnifying party from any other liability which it may have to such indemnified party. In case any action in respect of
which indemnification may be sought hereunder shall be brought against any indemnified party and it shall notify an indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent
that it may desire, jointly with any other indemnifying party similarly notified, to assume the defense thereof through counsel reasonably satisfactory to the indemnified party, and after notice from the indemnifying party to such indemnified party
of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 10.04 for any legal or other expenses subsequently incurred by such indemnified party in connection with the
defense thereof, other than reasonable costs of investigation (unless (i) such indemnified party reasonably objects to such assumption on the grounds that there may be defenses available to it which are different from or in addition to those
available to such indemnifying party, (ii) the indemnifying party and such indemnified party shall have mutually agreed to the retention of such counsel or (iii) in the reasonable opinion </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">75 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">of such indemnified party representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or
potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding, in which case the indemnified party shall be reimbursed by the indemnifying party for the reasonable expenses incurred
in connection with retaining one firm of separate legal counsel; <U>provided</U> that (i) in circumstances where Ashland or an underwriter or initial purchaser is the indemnifying party, the indemnifying party shall not be liable for more than one
firm of legal counsel for all indemnified parties and (ii) in circumstances where the Issuer is the indemnifying party, the indemnifying party shall not be liable for more than (A) one firm of legal counsel for Ashland, each person who controls
Ashland within the meaning of Section 15 of the Securities Act, and any director, officer, employee, stockholder, partner, agent or representative of Ashland, and (B) one firm of legal counsel for the underwriters or initial purchasers, if any,
indemnified under this Section 10.04, each person who controls such underwriters or initial purchasers within the meaning of Section 15 of the Securities Act, and any director, officer, employee, stockholder, partner, agent or representative of such
underwriters or initial purchasers). No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any claim or pending or threatened proceeding in respect of which the indemnified party is or
could have been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability arising out of such claim or proceeding. If an
indemnifying party shall have expressly acknowledged its indemnification obligations with respect to a claim or pending or threatened proceeding, then the indemnified party with respect to such claim or pending or threatened proceeding shall not,
without the prior written consent of the indemnifying party, effect any settlement of such claim or pending or threatened proceeding. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If the indemnification provided for in this Section 10.04 is unavailable to an indemnified party or is insufficient to hold such indemnified party
harmless from any Losses in respect of which this Section 10.04 would otherwise apply by its terms (other than by reason of exceptions provide herein), then each applicable </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">76 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">indemnifying party, in lieu of indemnifying such indemnified party, shall have a joint and several obligation to contribute to the amount paid or payable by
such indemnified party as a result of such Losses, in such proportion as is appropriate to reflect the relative benefits received by and fault of the indemnifying party, on the one hand, and such indemnified party, on the other hand, in connection
with the offering or private placement to which such contribution relates as well as any other relevant equitable considerations. The relative benefit shall be determined by reference to, among other things, the amount of proceeds received by each
party from the offering or private placement to which such contribution relates. The relative fault shall be determined by reference to, among other things, each party&#146;s relative knowledge and access to information concerning the matter with
respect to which the claim was asserted, and the opportunity to correct and prevent any statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include any legal or other fees or expenses incurred by
such party in connection with any investigation or proceeding, to the extent such party would have been indemnified for such expenses if the indemnification provided for in this Section 10.04 was available to such party. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 10.04 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately preceding paragraph. No person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.05. <U>Underwriting Agreement; Purchase Agreement.</U> In
connection with any underwritten offering or private placement of Securities pursuant to a Demand Registration under Section 10.01, the Issuer and Ashland shall enter into an underwriting agreement with the underwriters for such offering or a
purchase agreement with the initial purchasers for such private placement, such underwriting agreement or purchase agreement to contain such representations and warranties by the Issuer and Ashland and such other terms and provisions as are
customarily contained </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">77 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">in underwriting agreements with respect to secondary distributions or purchase agreements with respect to private placements, including, without limitation,
indemnities and contribution to the effect and to the extent provided in Section 10.04 (and customary provisions with respect to indemnities and contribution by such underwriters or initial purchasers). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 10.06. <U>Undertaking To File Reports.</U> For as long as Ashland
holds Securities, the Issuer shall use its best efforts to file, on a timely basis, all annual, quarterly and other reports required to be filed by it under Sections 13 and 15(d) of the Exchange Act and the rules and regulations of the Commission
thereunder, as amended from time to time, or any successor statute or provisions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">ARTICLE XI </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Covenants
</U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.01. <U>Cooperation; Commercially Reasonable
Best Efforts.</U> Each of the parties hereto shall cooperate with each other in good faith, and shall cause their respective officers, employees, agents, auditors and representatives to cooperate with each other in good faith, to cause the Closing
to occur. In addition, each of the parties hereto shall use its commercially reasonable best efforts to cause the Closing to occur. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.02. <U>Antitrust Notification; FTC or DOJ Investigation.</U> (a) Each of Marathon, USX and Ashland shall as promptly as practicable, but in no
event later than 30 days following the relevant Exercise Date, file with the FTC and the DOJ the notification and report form, if any, required for the transactions contemplated hereby and any supplemental information requested in connection
therewith pursuant to the HSR Act. Any such notification and report form and supplemental information shall be in substantial compliance with the requirements of the HSR Act. Each of Marathon, USX and Ashland shall furnish to the other such
necessary information and reasonable assistance as the other may request in connection with its preparation of any filing or submission which is necessary under the HSR Act. Each of Marathon, USX and Ashland shall keep each other apprised of the
status of any communications with, and any inquiries or requests for additional information from, the FTC and the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">78 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">DOJ and shall comply promptly with any such inquiry or request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) In the event that Marathon, USX and Ashland are not required to file with the FTC and the DOJ any notification and report form pursuant to the HSR
Act, but the FTC or the DOJ nevertheless commences an investigation with respect to the transactions contemplated hereby, each of Marathon, USX and Ashland shall comply promptly with any inquiry or request made by the DOJ or the FTC in connection
with such investigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) In the event that Marathon, USX
and Ashland file notification and report forms with the FTC and the DOJ pursuant to Section 11.02(a) or the FTC or the DOJ commences an investigation with respect to the transactions contemplated hereby, then, in addition to the obligations of
Marathon, USX and Ashland set forth in Section 11.02(a) and 11.02(b), as applicable, Marathon, USX and Ashland agree as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) In the case of Marathon&#146;s exercise of its Marathon Call Right, each of Marathon and USX shall take all such actions as are
necessary to obtain any clearance required under the HSR Act or from the FTC or DOJ in connection with any such investigation, as applicable, for the purchase and sale of Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP Interest
pursuant to this Agreement, including divesting or holding separate any assets or commencing or defending litigation; <U>provided</U>, <U>however</U>, that neither Marathon nor USX shall be required to take any action proposed by the FTC or the DOJ
that would or would reasonably be expected to have a material adverse effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of the Company and its subsidiaries,
taken as a whole. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) In the case of (A)
Ashland&#146;s exercise of its Ashland Put Right or (B) Marathon&#146;s exercise of its Special Termination Right, each of Marathon and USX shall take all such actions as are necessary to obtain any clearance required under the HSR Act or from the
FTC or DOJ in connection with any such investigation, as applicable, for the purchase and sale of Ashland&#146;s Membership Interests and the Ashland LOOP/LOCAP </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">79 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Interest pursuant to this Agreement, including divesting or holding separate any assets or commencing or defending litigation; <U>provided</U>,
<U>however</U>, that neither Marathon nor USX shall be required to take any action proposed by the FTC or the DOJ that would or would reasonably be expected to have a material adverse effect on the business, operations, assets, liabilities, results
of operations, cash flows, condition (financial or otherwise) or prospects of (A) the Company and its subsidiaries, taken as a whole, (B) Marathon and its subsidiaries, taken as a whole, or (C) USX and its subsidiaries, taken as a whole. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) In the case of Ashland&#146;s exercise of its
Special Termination Right, Ashland shall take all such actions as are necessary to obtain any clearance required under the HSR Act or from the FTC or DOJ in connection with any such investigation, as applicable, for the purchase and sale of
Marathon&#146;s Membership Interests pursuant to this Agreement, including divesting or holding separate any assets or commencing or defending litigation; <U>provided</U>, <U>however</U>, that Ashland shall not be required to take any action
proposed by the FTC or the DOJ that would or would reasonably be expected to have a material adverse effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of (A)
the Company and its subsidiaries, taken as a whole or (B) Ashland and its subsidiaries, taken as a whole. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.03. <U>Governmental Filings re: Ashland LOOP/LOCAP Interest.</U> (a) Each of the parties hereto shall as promptly as practical, but in no event
later than five Business Days following the relevant Exercise Date, file all documentation with all relevant Governmental Entities that is required to be filed with such Governmental Entities in connection with the purchase and sale of the Ashland
LOOP/LOCAP Interest on the Scheduled Closing Date. Each of the parties hereto shall keep the other apprised of the status of any communications with, and any inquiries or requests for additional information from, such Governmental Entities and shall
comply promptly with any such inquiry or request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">80 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) In addition to the obligations of the parties hereto set forth in Section 11.03(a), Marathon and USX
agree as follows: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) In the case of
Marathon&#146;s exercise of its Marathon Call Right, each of Marathon and USX shall take all such actions as are necessary to obtain any requisite approvals from such Governmental Entities as are required in connection with the purchase and sale of
the Ashland LOOP/LOCAP Interest pursuant to this Agreement, including commencing or defending litigation; <U>provided</U>, <U>however</U>, that neither Marathon nor USX shall be required to take any such action that would or would reasonably be
expected to have a material adverse effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of the Company and its subsidiaries, taken as a whole. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) In the case of Marathon&#146;s exercise of its Special
Termination Right or Ashland&#146;s exercise of its Ashland Put Right, each of Marathon and USX shall take all such actions as are necessary to obtain any requisite approvals from such Governmental Entities as are required in connection with the
purchase and sale of the Ashland LOOP/LOCAP Interest pursuant to this Agreement, including commencing or defending litigation; <U>provided</U>, <U>however</U>, that neither Marathon nor USX shall be required to take any such action that would or
would reasonably be expected to have a material adverse effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of (A) the Company and its subsidiaries, taken as a
whole, (B) Marathon and its subsidiaries, taken as a whole, or (C) USX and its subsidiaries, taken as a whole. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 11.04. <U>Designated Sublease Agreements.</U> (a) <U>Ashland Designated Sublease Agreements.</U> In the event of (i) Marathon&#146;s exercise of
its Marathon Call Right, (ii) Ashland&#146;s exercise of its Ashland Put Right or (iii) Marathon&#146;s exercise of its Special Termination Right, Ashland shall use its commercially reasonable best efforts to (A) terminate the outstanding Original
Lease underlying each Ashland Designated Sublease Agreement on or prior to Closing and (B) contribute the related Subleased Property to the Company or one of its subsidiaries at no cost to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">81 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Company or such subsidiary on or prior to Closing; <U>provided</U>, <U>however</U>, that (i) Ashland shall not be obligated to pay more than a reasonable
amount as consideration therefor to, or make more than a reasonable financial accommodation in favor of, or commence litigation against, a third party lessor with respect to any such underlying Original Lease in order to obtain any consent required
from such lessor and (ii) any additional cost associated with exercising an option under the Original Lease to purchase Subleased Property shall be deemed not to constitute an obligation to pay more than a reasonable amount. In the event that
Ashland is unable to terminate an outstanding Original Lease in accordance with this Section 11.04(a), then (i) the Company shall be entitled to continue to sublease the Subleased Property pursuant to the related Ashland Designated Sublease
Agreement until the term of the Original Lease expires, (ii) Ashland shall continue to use its commercially reasonable best efforts to terminate the Original Lease and contribute the Subleased Property to the Company as provided above;
<U>provided</U>, <U>however</U>, that (A) Ashland shall not be obligated to pay more than a reasonable amount as consideration therefor to, or make more than a reasonable financial accommodation in favor of, or commence litigation against, a third
party lessor with respect to any such underlying Original Lease in order to obtain any consent required from such lessor and (B) any additional cost associated with exercising an option under the Original Lease to purchase Subleased Property shall
be deemed not to constitute an obligation to pay more than a reasonable amount and (iii) if Ashland subsequently acquires fee title to the Subleased Property, Ashland shall contribute such Subleased Property to the Company or one of its subsidiaries
at no cost to the Company or such subsidiary at such time. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b)
<U>Marathon Designated Sublease Agreements.</U> In the event of Ashland&#146;s exercise of its Special Termination Right, Marathon shall use its commercially reasonable best efforts to (A) terminate the outstanding Original Lease underlying each
Marathon Designated Sublease Agreement on or prior to Closing and (B) contribute the related Subleased Property to the Company or one of its subsidiaries at no cost to the Company or such subsidiary on or prior to Closing; <U>provided</U>,
<U>however</U>, that (i) Marathon shall not be obligated to pay more than a reasonable amount as consideration therefor to, or make more than a reasonable financial accommodation in favor of, or commence litigation against, a third party lessor with
respect to any such </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">82 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">underlying Original Lease in order to obtain any consent required from such lessor and (ii) any additional cost associated with exercising an option under
the Original Lease to purchase Subleased Property shall be deemed not to constitute an obligation to pay more than a reasonable amount. In the event that Marathon is unable to terminate an outstanding Original Lease in accordance with this Section
11.04(b), then (i) the Company shall be entitled to continue to sublease the Subleased Property pursuant to the related Marathon Designated Sublease Agreement until the term of the Original Lease expires, (ii) Marathon shall continue to use its
commercially reasonable best efforts to terminate the Original Lease and contribute the Subleased Property to the Company as provided above; <U>provided</U>, <U>however</U>, that (A) Marathon shall not be obligated to pay more than a reasonable
amount as consideration therefor to, or make more than a reasonable financial accommodation in favor of, or commence litigation against, a third party lessor with respect to any such underlying Original Lease in order to obtain any consent required
from such lessor and (B) any additional cost associated with exercising an option under the Original Lease to purchase Subleased Property shall be deemed not to constitute an obligation to pay more than a reasonable amount and (iii) if Marathon
subsequently acquires fee title to the Subleased Property, Marathon shall contribute such Subleased Property to the Company or one of its subsidiaries at no cost to the Company or such subsidiary at such time. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Standstill Agreement </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 12.01. <U>Restrictions of Certain Actions by Marathon and USX</U> Each of Marathon and USX covenants and agrees that, from the date hereof through
the six-month anniversary of the earlier to occur of (a) the date that Ashland and its Affiliates do not own any Membership Interests, and (b) the date that Marathon and its Affiliates do not own any Membership Interests, it shall not, and it shall
cause each of its Affiliates (including, for the avoidance of doubt, Employee Benefit Plans of USX, Marathon and their respective Affiliates) not to, singly or as part of a partnership, limited partnership, syndicate or other </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">83 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">group (as those terms are defined in Section 13(d)(3) of the Exchange Act), directly or indirectly: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) acquire, offer to acquire, or agree to acquire, by
purchase, gift or otherwise, more than 1% of any class of any Ashland Voting Securities, except (A) pursuant to a stock split, stock dividend, rights offering, recapitalization, reclassification or similar transaction, (B) in connection with the
transfer of Ashland Voting Securities to a Marathon or USX Employee Benefit Plan as contemplated by Section 3.1(v) of the Asset Transfer and Contribution Agreement or (C) the ownership by any Employee Benefit Plan of USX, Marathon or any of their
respective Affiliates of any interest in any diversified index, mutual or pension fund managed by an independent investment advisor, which fund in turn holds, directly or indirectly, Ashland Voting Securities; <U>provided</U> that not more than 5%
of such fund&#146;s assets are comprised of Ashland Voting Securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(ii) make, or in any way participate in any &#147;solicitation&#148; of &#147;proxies&#148; to vote (as such terms are defined in Rule 14a-1 under the Exchange Act), solicit any consent or communicate with or seek to
advise or influence any person or entity with respect to the voting of any Ashland Voting Securities or become a &#147;participant&#148; in any &#147;election contest&#148; (as such terms are defined or used in Rule 14a-11 under the Exchange Act)
with respect to Ashland; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) form, join,
encourage or in any way participate in the formation of, any &#147;person&#148; within the meaning of Section 13(d)(3) of the Exchange Act with respect to any Ashland Voting Securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) deposit any Ashland Voting Securities into a voting trust or subject any such Ashland Voting Securities
to any arrangement or agreement with respect to the voting thereof; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(v) initiate, propose or otherwise solicit shareholders for the approval of one or more shareholder proposals with respect to Ashland as described in Rule 14a-8 under the Exchange Act, or induce or attempt to induce
any other person to initiate any shareholder proposal; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">84 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vi) seek election to or seek to place a representative on the Board of Directors of
Ashland or seek the removal of any member of the Board of Directors of Ashland; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vii) except with the approval of management of Ashland, call or seek to have called any meeting of the shareholders of Ashland;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(viii) otherwise act to seek to control,
disrupt or influence the management, business, operations, policies or affairs of Ashland; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ix) (A) solicit, seek to effect, negotiate with or provide any information to any other person with respect to, (B) make any statement or
proposal, whether written or oral, to the Board of Directors of Ashland or any director or officer of Ashland with respect to, or (C) otherwise make any public announcement or proposal whatsoever with respect to, any form of business combination
transaction involving Ashland (other than the Transaction), including, without limitation, a merger, exchange offer, or liquidation of Ashland&#146;s assets, or any restructuring, recapitalization or similar transaction with respect to Ashland;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(x) seek to have Ashland waive, amend or
modify any of the provisions contained in this Section 12.01; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(xi) disclose or announce any intention, plan or arrangement inconsistent with the foregoing; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(xii) advise, assist, instigate or encourage any third party to do any of the foregoing. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If either Marathon or USX or any of their respective Affiliates owns or
acquires any Ashland Voting Securities in violation of this Section 12.01, such Ashland Voting Securities shall immediately be disposed of to persons who (i) are not Marathon or USX or Affiliates thereof and (ii) do not own, individually or as part
of a &#147;group&#148; (within the meaning of Section 13(d)(3) of the Exchange Act), more than 5% of the then outstanding Ashland Voting Securities; <U>provided</U> that Ashland may also pursue any other available remedy to which it may be entitled
as a result of such violation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">85 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 12.02. <U>Restrictions of Certain Actions by Ashland.</U> Ashland covenants and agrees that, from
the date hereof through the later to occur of (a) the six-month anniversary of the earlier to occur of (i) the date that Marathon and its Affiliates do not own any Membership Interests and (ii) the date that Ashland and its Affiliates do not own any
Membership Interests and (b) in the event that Ashland or its Affiliates acquires USX Voting Securities pursuant to the Closing of the Ashland Put Right, the date on which Ashland and its Affiliates do not own more than 5% of the then outstanding
USX Voting Securities, it shall not, and it shall cause each of its Affiliates (including, for the avoidance of doubt, Employee Benefit Plans of Ashland and its Affiliates) not to, singly or as part of a partnership, limited partnership, syndicate
or other group (as those terms are defined in Section 13(d)(3) of the Exchange Act), directly or indirectly: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) acquire, offer to acquire, or agree to acquire, by purchase, gift or otherwise, more than 1% of any class of USX Voting Securities,
except (A) pursuant to a stock split, stock dividend, rights offering, recapitalization, reclassification or similar transaction and except for any issuance of USX Voting Securities to Ashland as payment of any portion of the Ashland Put Price in
accordance with the provisions of this Agreement or (B) the ownership by any Employee Benefit Plan of Ashland or any of its Affiliates of any interest in any diversified index, mutual or pension fund managed by an independent investment advisor,
which fund in turn holds, directly or indirectly, USX Voting Securities; <U>provided</U> that not more than 5% of such fund&#146;s assets are comprised of USX Voting Securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) make, or in any way participate in any &#147;solicitation&#148; of &#147;proxies&#148; to vote (as such
terms are defined in Rule 14a-1 under the Exchange Act), solicit any consent or communicate with or seek to advise or influence any person or entity with respect to the voting of any USX Voting Securities or become a &#147;participant&#148; in any
&#147;election contest&#148; (as such terms are defined or used in Rule 14a-11 under the Exchange Act) with respect to USX; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) form, join, encourage or in any way participate in the formation of, any &#147;person&#148; within </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">86 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">the meaning of Section 13(d)(3) of the Exchange Act with respect to any USX Voting Securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) deposit any USX Voting Securities into a voting trust or subject any such USX Voting Securities to any
arrangement or agreement with respect to the voting thereof; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(v) initiate, propose or otherwise solicit shareholders for the approval of one or more shareholder proposals with respect to USX as described in Rule 14a-8 under the Exchange Act, or induce or attempt to induce any
other person to initiate any shareholder proposal; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(vi) seek election to or seek to place a representative on the Board of Directors of USX or seek the removal of any member of the Board of Directors of USX or seek the removal of any member of the Board of Directors of USX; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vii) except with the approval of management of USX, call or
seek to have called any meeting of the shareholders of USX; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(viii) otherwise act to seek to control, disrupt or influence the management, business, operations, policies or affairs of USX; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ix) (A) solicit, seek to effect, negotiate with or provide any information to any other person with respect to, (B) make any statement
or proposal, whether written or oral, to the Board of Directors of USX or any director or officer of USX with respect to, or (C) otherwise make any public announcement or proposal whatsoever with respect to, any form of business combination
transaction involving USX (other than the Transaction), including, without limitation, a merger, exchange offer, or liquidation of USX&#146;s assets, or any restructuring, recapitalization or similar transaction with respect to USX; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(x) seek to have USX waive, amend or modify any of the
provisions contained in this Section 12.02; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(xi) disclose or announce any intention, plan or arrangement inconsistent with the foregoing; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">87 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(xii) advise, assist, instigate or encourage any third party to do any of the foregoing.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">If Ashland or any of its Affiliates owns or acquires any USX
Voting Securities in violation of this Section 12.02, such USX Voting Securities shall immediately be disposed of to persons who (i) are not Ashland or Affiliates thereof and (ii) do not own, individually or as part of a &#147;group&#148; (within
the meaning of Section 13(d)(3) of the Exchange Act), more than 5% of the then outstanding USX Voting Securities; <U>provided</U> that USX may also pursue any other available remedy to which it may be entitled as a result of such violation.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIII </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Indemnification </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.01. <U>Indemnification re: Ashland Representatives&#146; Revocable
Proxies and the Ashland LOOP/LOCAP Revocable Proxy.</U> In the event that Ashland&#146;s Representatives grant Marathon&#146;s Representatives the Ashland Representatives Revocable Proxies pursuant to Section 5.02(a) and Ashland grants to Marathon
or a person designated by Marathon, as applicable, the Ashland LOOP/LOCAP Revocable Proxy pursuant to Section 5.02(c), each of Marathon, USX and the Company agree to indemnify and hold Ashland, its Representatives, their respective Affiliates and
any director, officer, employee, stockholder, partner, agent or representative of Ashland or its Affiliates harmless against any and all Losses to which they or any of them may become subject, insofar as any such Losses shall arise out of, are based
upon or relate to any obligations or liabilities of whatever kind and nature, primary or secondary, direct or indirect, absolute or contingent, known or unknown, whether or not accrued, which arise on or after the relevant Exercise Date and which
are attributable to (i) in the event that the Closing occurs, (A) the Company and its subsidiaries or LOOP, LLC or LOCAP, Inc., (B) Ashland&#146;s ownership interest in the Company or the Ashland LOOP/LOCAP Interest, (C) actions taken by
Marathon&#146;s Representatives pursuant to the Ashland Representatives Revocable Proxies or (D) actions taken by Marathon or the Company, as applicable, pursuant to the Ashland LOOP/LOCAP Revocable Proxy, and (ii) in the event that Ashland or
Marathon revokes Ashland&#146;s Ashland Put Exercise Notice or Marathon&#146;s Marathon Call </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">88 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Exercise Notice pursuant to Section 9.03(a), 9.04(a), 9.05, 9.08(a) or 9.09, or Ashland revokes Marathon&#146;s Special Termination Exercise Notice pursuant
to Section 9.08(a) or 9.09 (A) actions taken by Marathon&#146;s Representatives pursuant to the Ashland Representatives Revocable Proxies or (B) actions taken by Marathon or the Company, as applicable, pursuant to the Ashland LOOP/LOCAP Revocable
Proxy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.02. <U>Indemnification re: Marathon
Representatives Revocable Proxies.</U> In the event that Marathon&#146;s Representatives grant Ashland&#146;s Representatives the Marathon Representatives Revocable Proxies pursuant to Section 5.02(b), each of Ashland and the Company agree to
indemnify and hold Marathon, its Representatives, their respective Affiliates and any director, officer, employee, stockholder, partner, agent or representative of Marathon or its Affiliates harmless against any and all Losses to which they or any
of them may become subject, insofar as any such Losses shall arise out of, are based upon or relate to any obligations or liabilities of whatever kind and nature, primary or secondary, direct or indirect, absolute or contingent, known or unknown,
whether or not accrued, which arise on or after the Special Termination Exercise Date and which are attributable to (i) in the event that the Closing occurs, (A) the Company and its subsidiaries or (B) actions taken by Ashland&#146;s Representatives
pursuant to the Marathon Representatives Revocable Proxies and (ii) in the event that Marathon revokes Ashland&#146;s Special Termination Exercise Notice pursuant to Section 9.08(a) or 9.09, actions taken by Ashland&#146;s Representatives pursuant
to the Marathon Representatives Revocable Proxies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION
13.03. <U>Indemnification re: Transfer of Economic Interests in the Ashland LOOP/LOCAP Interest to Marathon, the Company or a Person Designated by Marathon.</U> To the extent that Ashland is unable to Transfer the Ashland LOOP/LOCAP Interest to
Marathon, the Company or a person designated by Marathon, as applicable, at Closing, and as a result thereof, Ashland enters into any arrangement under which Marathon, the Company or such other person shall obtain the economic claims, rights and
benefits under the Ashland LOOP/LOCAP interest, including a grant to Marathon, the Company or such other person, as applicable, of the Ashland LOOP/LOCAP Irrevocable Proxy, each of Marathon, USX and the Company agree to indemnify and hold Ashland,
its Representatives, their respective Affiliates and any director, officer, employee, stockholder, partner, agent or </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">89 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">representative of Ashland or its Affiliates harmless against any and all Losses to which they or any of them may become subject, insofar as any such Losses
shall arise out of, be based upon or relate to any obligations or liabilities of whatever kind and nature, primary or secondary, direct or indirect, absolute or contingent, known or unknown, whether or not accrued, which arise on or after the
relevant Exercise Date and which are attributable to (i) LOOP, LLC, (ii) LOCAP, Inc., (iii) Ashland&#146;s ownership interest in LOOP, LLC and LOCAP, Inc., (iv) any such arrangements between Ashland and Marathon, the Company or such other person or
(v) actions taken by Marathon, the Company or such other person, as applicable, pursuant to the Ashland LOOP/LOCAP Irrevocable Proxies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 13.04. <U>Procedures Relating to Indemnification Under This Article XIII.</U> The procedures for Indemnification under this Article XIII shall be
the procedures for indemnification set forth in Section 9.7 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XIV </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><U>Company Competitive Businesses; </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Detrimental Activities; Limitations on the </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Company Entering into Valvoline&#146;s Business</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.01. <U>Competitive Businesses.</U> (a) Subject to Sections 14.01(b), 14.01(d) and 14.03(c), and except to the extent otherwise provided in
<U>Schedule 14.01(a)</U>, each of Marathon, USX and Ashland hereby agrees that during the Term of the Company, it shall not, and it shall cause its Affiliates not to, engage in any business within North America which is substantially in competition
with (i) the Company&#146;s Business conducted on the date hereof or (ii) any new line of business of the Company that the Board of Managers has approved in accordance with Section 8.07(b) of the LLC Agreement (but only if and to the extent that the
Board of Managers specifically determined pursuant to Section 8.07(b) of the LLC Agreement that such new line of business should also constitute a Company Competitive Business) (each such business in clauses (i) and (ii), a &#147;<U>Company
Competitive Business</U>&#148;); <U>provided</U>, <U>however</U>, that nothing in this Section 14.01 shall be deemed or interpreted to prohibit Ashland or any of its Affiliates from engaging in the Valvoline Business. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">90 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) Notwithstanding any limitation contained in Section 14.01(a), Marathon, USX and Ashland and their
respective Affiliates shall be permitted to engage in a Company Competitive Business if: (i) Marathon or Ashland, as applicable, shall have first presented the Company, at a meeting of the Board of Managers at which at least one of the
Representatives of the other Member was present, with the opportunity to pursue or engage in such Company Competitive Business and (ii) one or more of the Representatives of the other Member on the Board of Managers shall have voted against the
Company pursuing such Company Competitive Business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) If
Marathon, USX or Ashland or any of their respective Affiliates is permitted pursuant to Section 14.01(b) to engage in a Company Competitive Business and, in connection therewith, wishes to use any of the properties, facilities or other assets of the
Company or any of its subsidiaries, Marathon or Ashland and their respective Representatives will negotiate in good faith with the Company to reach a reasonable agreement as to the nature and scope of any agreement between the Company or any such
subsidiary and such Member with respect to the use of such property, facility or other assets. Any transaction relating to such property, facility or assets shall be deemed for purposes of the LLC Agreement to constitute an Affiliate Transaction
that was entered into outside the ordinary course of the Company&#146;s business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(d) Notwithstanding any limitation contained in Section 14.01(a), Marathon, USX and Ashland and their respective Affiliates shall be permitted to purchase: (i) less than an aggregate of 10% of any class of stock of a
person engaged, directly or indirectly, in one or more Competitive Businesses (a &#147;<U>Company Competitive Third Party</U>&#148;); <U>provided</U> that such stock is listed on a national securities exchange or is quoted on the National Market
System of NASDAQ; (ii) less than 10% in value of any instrument of Indebtedness of a Company Competitive Third Party; (iii) a Company Competitive Third Party (whether by merger or purchase of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">91 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">all or substantially all of such Company Competitive Third Party&#146;s assets) which engages, directly or indirectly, in one or more Company Competitive
Businesses which accounted for less than 20% of such Company Competitive Third Party&#146;s consolidated revenues for the most recently completed fiscal quarter; and (iv) a Company Competitive Third Party (whether by merger or purchase of all or
substantially all of such Company Competitive Third Party&#146;s assets or otherwise) which engages, directly or indirectly, in one or more Company Competitive Businesses which accounted for greater than 20% of such Company Competitive Third
Party&#146;s consolidated revenues for the most recently completed fiscal quarter; <U>provided</U> that a purchase by Marathon, USX or Ashland or any of their respective Affiliates of a Company Competitive Third Party pursuant to this clause (iv)
shall only be permitted if within 30 Business Days after the earlier to occur of (A) the execution of definitive agreements with respect to such purchase or (B) the closing of such purchase, Marathon, USX, Ashland or such Affiliate, as applicable,
shall present the Company with the opportunity to purchase the portion of such Company Competitive Third Party&#146;s business that is in substantial competition with the Company in North America (the &#147;<U>Company Competitive Business
Assets</U>&#148;) at a purchase price determined in accordance with Section 14.04, at a special or regular meeting of the Board of Managers (such meeting, a &#147;<U>14.01(d) Presentation Meeting</U>&#148;). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) If the Board of Managers determines at the 14.01(d) Presentation Meeting
(by a vote of a majority of the Representatives of the Member not purchasing such Company Competitive Third Party&#146;s business at a special or regular meeting of the Board of Managers (which majority shall constitute a quorum for purposes of the
transaction of business)) to purchase the Company Competitive Business Assets, the closing date with respect to such purchase shall not be later than 60 days after the date of the determination of the Purchase Price pursuant to Section 14.04 or, if
later, 30 days after the Company has received any antitrust clearance or other Governmental Approval required in connection with such purchase (the &#147;<U>14.01(d) Scheduled Closing Date</U>&#148;). If the Company breaches its obligation to
purchase the Company Competitive Business Assets on the 14.01(d) Scheduled Closing Date after </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">92 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">the Board of Managers shall have determined to make such purchase as provided in the immediately preceding sentence (other than where such breach is due to
circumstances beyond the Company&#146;s reasonable control), then Marathon, USX, Ashland or such Affiliate, as applicable, shall be permitted to retain such Company Competitive Business Assets and the Company shall cease to have the right to
purchase such Company Competitive Business Assets. If the Company breaches its obligation to purchase the Company Competitive Business Assets on the 14.01(d) Scheduled Closing Date after the Board of Managers shall have determined to make such
purchase as provided in the first sentence of this Section 14.01(e)and such breach is due to circumstances beyond the Company&#146;s reasonable control, then, if the closing of the purchase by the Company of the Company Competitive Business Assets
does not occur within 270 days after the Scheduled Closing Date, Marathon, USX, Ashland or such Affiliate, as applicable, shall be permitted to retain such Company Competitive Business Assets and the Company shall cease to have the right to purchase
such Company Competitive Business Assets. If the Board of Managers determines at the 14.01(d) Presentation Meeting not to purchase such Company Competitive Business Assets, then Marathon, USX, Ashland or such Affiliate, as applicable, shall be
permitted to retain such Company Competitive Business Assets and the Company shall cease to have the right to purchase such Company Competitive Business Assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) It is the intention of each of the parties hereto that if any of the restrictions or covenants contained in this Section 14.01 is held by a court
of competent jurisdiction to cover a geographic area or to be for a length of time that is not permitted by Applicable Law, or is in any way construed by a court of competent jurisdiction to be too broad or to any extent invalid, such provision
shall not be construed to be null, void and of no effect, but to the extent such provision would be valid or enforceable under Applicable Law, a court of competent jurisdiction shall construe and interpret or reform this Section 14.01 to provide for
a covenant having the maximum enforceable geographic area, time period and other provisions (not greater than those contained in this Section 14.01) as shall be valid and enforceable under such Applicable Law. Each of the parties hereto acknowledges
that any breach of the terms, conditions or covenants set forth in this Section 14.01 shall be competitively unfair and may cause irreparable damage to the Company because of the special, unique, unusual, extraordinary and intellectual character of
the Company&#146;s business, and the Company&#146;s recovery of damages at law will not be an adequate remedy. Accordingly, each of the parties hereto agrees that for any breach of the terms, covenants or agreements of this Section 14.01, a
restraining order or an injunction or both may be issued against such person, in addition to any other rights or remedies the Company or the other parties hereto may have. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">93 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.02. <U>Detrimental Activities.</U> (a) <U>Solicitation, Recruiting or Hiring of Employees.</U>
Each of Marathon, USX and Ashland hereby agrees that during the Term of the Company, without the consent of each of the Members, it shall not, and it shall cause its Affiliates not to, solicit, recruit or hire any employee of the Company or any of
its subsidiaries (other than solicitations that are directed at the public in general in publications available to the public in general) if: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) such employee is an Executive Officer or the officer principally in charge of environmental health and safety and human resources,
unless, subject to clauses (iii) and (iv) below, such solicitation, recruitment or hiring is consented to in advance by Ashland (in the case of a solicitation, recruitment or hiring by Marathon, USX or any of their respective Affiliates) or by
Marathon (in the case of a solicitation, recruitment or hiring by Ashland or any of its Affiliates), which consent shall not be unreasonably withheld; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) such employee reports directly to (A) an Executive Officer or the officer principally in charge of environmental health and safety
and human resources(a &#147;<U>Senior Employee</U>&#148;) or (B) a Senior Employee (a &#147;<U>Mid-Level Employee</U>&#148;), unless, subject to clauses (iii) and (iv) below, at the time of such solicitation, recruitment or hiring, the total number
of Senior Employees and Mid-Level Employees that have been hired by Marathon, USX, Ashland and their respective Affiliates during the then preceding twenty-four months is less than 10% of the total number of Senior Employees and Mid-Level Employees
employed by the Company at the time Marathon, USX, Ashland or an Affiliate thereof wishes to solicit, recruit or hire such Senior Employee or Mid-Level Employee (based on the average number of Senior Employees and Mid-Level Employees employed by the
Company during such twenty-four-month period); </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(iii) the hiring of such employee, when considered together with all other employees hired by Marathon, USX, Ashland and their respective Affiliates during the then preceding twenty-four months, would have or would reasonably be expected to
have, a significant </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">94 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">detrimental impact on the department of the Company in which such employee is then working; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) such employee is being solicited, recruited or hired for a position in a Competitive Business of such
person or such person&#146;s Affiliates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Notwithstanding the foregoing, the
employees of the Company shall not be required to accept any job offer by Marathon, USX, Ashland or any of their respective Affiliates and a refusal to accept such a job offer shall not negatively affect an employee&#146;s career opportunities at
the Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Disclosure of Confidential
Information.</U> Each of Marathon, USX and Ashland (each, a &#147;<U>Disclosing Party</U>&#148;) hereby agrees that during the Term of the Company, it shall not, and it shall cause its Affiliates not to, disclose or furnish to anyone any
confidential information relating to the Company and its subsidiaries (&#147;<U>Confidential Information</U>&#148;) except pursuant to a confidentiality agreement in form and substance reasonably satisfactory to the other parties hereto which
expressly provides that the other parties hereto shall be a beneficiary thereof (a &#147;<U>Confidentiality Agreement</U>&#148;). The foregoing restriction on disclosure of Confidential Information shall not apply to (i) information which is or
becomes part of the public domain through no fault or breach of the Disclosing Party; (ii) information which at the time of disclosure is already in the possession of the Disclosing Party in written form and was not received directly or indirectly
from the Company or any of its subsidiaries under a requirement of confidentiality; (iii) information received by the Disclosing Party from a third party; <U>provided</U> that the Disclosing Party, after reasonable inquiry, has no reason to believe
that the third party obtained the information directly or indirectly from the Company or any of its subsidiaries under a requirement of confidentiality; (iv) information required to be disclosed under subpoena or other mandatory legal process;
<U>provided</U>, that the Disclosing Party shall give the Company timely notice of the service of the subpoena or other process so that the Company may seek a protective order or other legal remedy to prevent such disclosure; (v) information which
has been subsequently and independently acquired or developed by the Disclosing Party without violating any of its obligations under this Section 14.02(b) or under any Confidentiality Agreement; and (vi) information which is required or advisable to
be disclosed </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">95 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">under the Securities Act or the Exchange Act. Notwithstanding the foregoing, a Disclosing Party shall be permitted to disclose Confidential Information to
its directors, officers, employees, auditors, agents, advisors and representatives (such persons being collectively referred as its &#147;<U>Representatives</U>&#148;) if the Disclosing Party informs its Representatives of the confidential nature of
the Confidential Information and obtains their agreement to be bound by this Section 14.02(b) and not to disclose such Confidential Information to any other person. Each Disclosing Party shall be responsible for any breach of this Section 14.02 by
its Representatives. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.03. <U>Limitations on the
Company Entering into the Valvoline Business.</U> (a) Subject to Sections 14.03(b) and 14.03(d), the Company hereby agrees that it shall not, and it shall cause its Affiliates (other than Marathon, Ashland and their respective subsidiaries (other
than the Company and its subsidiaries)) not to, engage in any business worldwide which is substantially in competition with the Valvoline Business. Notwithstanding the foregoing, the provisions of this Section 14.03(a) shall terminate on the first
date on which Ashland and its Affiliates shall own (beneficially or otherwise) less than 20% of the Valvoline Business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b)(i) Notwithstanding any limitation contained in Section 14.03(a), if in any two consecutive calendar years, (A) Valvoline shall not
have purchased from the Company and its subsidiaries a quantity of lube oil at least equal to the Minimum Lube Oil Purchase Amount and (B)(1) such failure to purchase was due to the fact that the Company and Valvoline could not in good faith agree
to mutually acceptable terms and conditions for the sale by the Company and its subsidiaries to Valvoline of at least such quantity of lube oil and (2) such failure was not due, in whole or in part, to the failure of the Company and its subsidiaries
to produce and offer for sale to Valvoline the Minimum Lube Oil Purchase Amount during either such calendar year, the failure of the Company and its subsidiaries to produce and offer for sale to Valvoline lube oil satisfying contractual
specifications or any other failure of the Company or its subsidiaries to satisfy in any material respect any of its then existing material contractual obligations to Valvoline, then the Company and its subsidiaries shall be permitted to </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">96 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">engage in a business which is substantially in competition with Valvoline&#146;s Bulk Motor Oil Business and/or Valvoline&#146;s Packaged Motor Oil Business
(but, except as expressly permitted in Section 14.03(a), no other business that constitutes part of the Valvoline Business); <U>provided</U> that, notwithstanding the foregoing, the Company and its subsidiaries shall not be permitted to enter into
or engage in any such business if the Company and its subsidiaries shall have substantially ceased production at the Catlettsburg, Kentucky refinery of lube oil for sale to third parties (other than due to a force majeure or an inability to find a
willing bu consecutive days or more prior to the time the Company and its subsidiaries shall first enter or propose to enter into such business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) Notwithstanding any limitation contained in Section 14.03(a), if in each of the four calendar years following the consecutive
two-year period provided for in Section 14.03(b)(i), (A) Valvoline shall not have purchased from the Company and its subsidiaries a quantity of lube oil at least equal to the Minimum Lube Oil Purchase Amount and (B)(1) such failure to purchase was
due to the fact that the Company and Valvoline could not in good faith agree to mutually acceptable terms and conditions for the sale by the Company and its subsidiaries to Valvoline of at least such quantity of lube oil and (2) such failure was not
due, in whole or in part, to the failure of the Company and its subsidiaries to produce and offer for sale to Valvoline the Minimum Lube Oil Purchase Amount during any such calendar year, the failure of the Company and its subsidiaries to produce
and offer for sale to Valvoline lube oil satisfying contractual specifications or any other failure of the Company or its subsidiaries to satisfy in any material respect any of its existing material contractual obligations to Valvoline, then at any
time after the conclusion of such consecutive four-year period, the Company and its subsidiaries shall be permitted to engage in a business which is substantially in competition with Valvoline&#146;s Private Label Packaged Motor Oil Business and/or
Valvoline&#146;s Quick Lube Business; <U>provided</U> that, notwithstanding the foregoing, the Company and its subsidiaries shall not be permitted to enter into or engage in any such business if the Company and its subsidiaries shall have </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">97 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">substantially ceased production at the Catlettsburg, Kentucky refinery of lube oil for sale to third parties (other than due to a force majeure or an
inability to find a willing buyer for its lube oil) for any period of 90 consecutive days or more prior to the time the Company and its subsidiaries shall first enter or propose to enter into such business. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) The provisions set forth in this Section 14.03(b)
permitting the Company and its subsidiaries to engage in a new business in competition with the Valvoline Business if certain conditions are satisfied shall be an exception only to the super majority vote requirement in Section 8.08(a) of the LLC
Agreement, and shall not be an exception to any other supermajority vote requirements of Section 8.08 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) Notwithstanding any limitation contained in Section 14.01(a), if at any time the Company or any of its subsidiaries enters into, other than as
expressly permitted in Section 14.03(d), either the Bulk Motor Oil Business, the Packaged Motor Oil Business, the Private Label Packaged Motor Oil Business or the Quick Lube Business, Ashland and its subsidiaries thereafter shall be permitted to
enter into a business which is substantially in competition with the Company&#146;s lube oil production business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) Notwithstanding any limitation contained in Section 14.03(a), subject to Section 8.08 of the LLC Agreement, the Company and its subsidiaries shall be
permitted to (i) engage, directly or through its own dealers, jobbers or jobber dealers, in the business currently conducted under the brand name &#147;Maralube Express&#148; (the &#147;<U>Maralube Express Business&#148;</U>); (ii) engage, directly
or through its own dealers, jobbers or jobber dealers, in the truck stop oil change business; (iii) engage, directly or through its own dealers, jobbers, or jobber dealers, in the oil, lubricants, antifreeze and other, in each case automotive fluid
change business and auto and light truck maintenance service, in each case incidental to operating their service stations or other retail units; (iv) engage, directly or through its own dealers, jobbers, or jobber dealers, in the sale of lubricants
to farm, government, school and other similar commercial accounts; (v) engage, directly or through its own dealers, jobbers, or jobber dealers, in the sale of car care products and chemicals, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">98 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">antifreeze and rust preventatives in service stations or similar retail units that are owned or operated by them, in each case incidental to operating their
service stations or other retail units; (vi) engage, directly or through its own dealers, jobbers, or jobber dealers, in the collection of used lubricants at service stations or similar retail units that are owned or operated by them, in each case
incidental to operating their service stations or other retail units; (vii) enter into contractual agreements with Valvoline or other third party packagers with respect to the packaging by Valvoline or such other third party packagers of lube oil
products for sale (A) in service stations or similar retail units that are owned or operated by the Company and its subsidiaries or its dealers, jobbers or jobber dealers or to farm, government, school or other similar commercial accounts pursuant
to clause (iv) above and (B) solely under the brandnames or trademarks of such service stations; and (viii) purchase a Person (whether by merger or purchase of all or substantially all the assets or otherwise) which engages, directly or indirectly,
in a business that is substantially in competition with the Valvoline Business (a &#147;<U>Valvoline Competitive Third Party</U>&#148;) provided that less than 33% of such Valvoline Competitive Third Party&#146;s consolidated revenues for the most
recently completed fiscal quarter are derived from businesses which are substantially in competition with Valvoline&#146;s Business; <U>provided</U> further that a purchase by the Company or one of its subsidiaries of a Valvoline Competitive Third
Party shall be permitted only if within 30 Business Days after the earlier to occur of (A) the execution of definitive agreements with respect to such purchase or (B) the closing of such purchase, the Company shall give notice (a &#147;<U>14.03(d)
Offer Notice</U>&#148;) to Ashland, identifying the portion of such Valvoline Competitive Third Party&#146;s business that is substantially in competition with the Valvoline Business (the &#147;<U>Valvoline Competitive Business Assets</U>&#148;) and
offering to sell to Ashland such Valvoline Competitive Business Assets at a purchase price determined in accordance with Section 14.04. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(e) Ashland shall have 90 days from receipt of the 14.03(d) Offer Notice to elect, by notice to the Company (a &#147;<U>14.3(d) Purchase Election
Notice</U>&#148;), to purchase such Valvoline Competitive Business Assets. If Ashland makes such election, the notice of election shall state a closing date not later than 60 days after the date of the Section 14.03(d) Purchase Election Notice or,
if later, 30 days after Ashland has received any antitrust clearance or other </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">99 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Governmental Approval required in connection with such purchase (a &#147;<U>14.03(d) Scheduled Closing Date</U>&#148;). If Ashland breaches its obligation to
purchase the Valvoline Competitive Business Assets on the 14.03(d) Scheduled Closing Date after giving notice of its election to make such purchase (other than where such breach is due to circumstances beyond Ashland&#146;s reasonable control), then
the Company shall be permitted to retain such Valvoline Competitive Business Assets. If Ashland breaches its obligation to purchase the Valvoline Competitive Business Assets on the 14.03(d) Scheduled Closing Date after giving notice of its election
to make such purchase and such breach is due to circumstances beyond Ashland&#146;s reasonable control, then, if the closing of the purchase by Ashland of the Valvoline Competitive Business Assets does not occur within 270 days after the Scheduled
Closing Date, the Company shall be permitted to retain such Valvoline Competitive Business Assets. If Ashland elects not to purchase such Valvoline Competitive Business Assets, then the Company shall be permitted to retain such Valvoline Competitive
Business Assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(f) (i) If the Company and its subsidiaries
are permitted under Section 14.03(d) to retain any Valvoline Competitive Business Assets and, at any time thereafter, the Company or any such subsidiary shall determine to sell such Valvoline Competitive Business Assets (or any portion thereof),
then the Company shall give notice (a &#147;<U>14.03(f) Valvoline Offer Notice</U>&#148;) to Ashland, identifying the proposed purchaser from whom it has received a bona fide offer and setting forth the proposed sale price (which shall be payable
only in cash or purchase money obligations secured solely by such Valvoline Competitive Business Assets (or portion thereof) being sold) and the other material terms and conditions upon which the Company is proposing to sell such Valvoline
Competitive Business Assets to such identified purchaser (or portion thereof). No such sale shall encompass or be conditioned upon the sale or purchase of any property other than such Valvoline Competitive Business Assets (or portion thereof).
Ashland shall have 90 days from receipt of the Valvoline Offer Notice to elect, by notice to the Company (a &#147;<U>14.03(f) Valvoline Purchase Election Notice</U>&#148;), to purchase such Valvoline Competitive Business Assets (or portion thereof)
on the terms and conditions set forth in the 14.03(f) Valvoline Offer Notice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">100 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) If Ashland makes such election, the notice of election shall state a closing date not later than 60
days after the date of the 14.03(f) Valvoline Purchase Election Notice. If Ashland breaches its obligation to purchase such Valvoline Competitive Business Assets (or portion thereof) on the same terms and conditions as those contained in the
14.03(f) Valvoline Offer Notice after giving notice of its election to make such purchase (other than where such breach is due to circumstances beyond Ashland&#146;s reasonable control), then the Company may, at any time for a period of 270 days
after such default, sell such Valvoline Competitive Business Assets (or portion thereof) to any person at any price and upon any other terms without further compliance with the procedures set forth in this Section 14.03(f). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) If Ashland gives notice within the 90-day period following the 14.03(f)
Valvoline Offer Notice from the Company that it elects not to purchase such Valvoline Competitive Business Assets (or portion thereof), the Company may, within 120 days after the end of such 90-day period (or 270 days in the case where such parties
have received a second request under HSR), sell such Valvoline Competitive Business Assets to the identified purchaser on terms and conditions no less favorable to the Company than the terms and conditions set forth in such 14.03(f) Valvoline Offer
Notice. In the event the Company shall desire to offer such Valvoline Competitive Business Assets (or portion thereof) for sale to such identified purchaser or to any other person on terms and conditions less favorable to it than those previously
set forth in a 14.03(f) Valvoline Offer Notice, the procedures set forth in this Section 14.03(f) must again be initiated and applied with respect to the terms and conditions as modified. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(g) It is the intention of each of the parties hereto that if any of the restrictions or covenants contained in this Section
14.03 is held by a court of competent jurisdiction to cover a geographic area or to be for a length of time that is not permitted by Applicable Law, or is in any way construed by a court of competent jurisdiction to be too broad or to any extent
invalid, such provision shall not be construed to be null, void and of no effect, but to the extent such provision would be valid or enforceable under Applicable Law, a court of competent jurisdiction shall construe and interpret or reform this
Section 14.03 to provide for a covenant having the maximum enforceable geographic area, time period and other </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">101 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">provisions (not greater than those contained in this Section 14.03) as shall be valid and enforceable under such Applicable Law. Each of the parties hereto
acknowledges that any breach of the terms, conditions or covenants set forth in this Section 14.03 shall be competitively unfair and may cause irreparable damage because of the special, unique, unusual, extraordinary and intellectual character of
the applicable business, and recovery of damages at law will not be an adequate remedy. Accordingly, each of the parties hereto agrees that for any breach of the terms, covenants or agreements of this Section 14.03, a restraining order or an
injunction or both may be issued against such person, in addition to any other rights or remedies the aggrieved party may have. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(h) For purposes of this Agreement, the following terms shall have the following meanings: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) &#147;<U>Bulk Motor Oil Business</U>&#148; means sales of blended (finished) motor oil in tanker truck,
barge and tanker railcar quantities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii)
&#147;<U>Minimum Lube Oil Purchase Amount</U>&#148; means a quantity of lube oil at least equal to 70% of the quantity of lube oil that Valvoline purchased from the Catlettsburg, Kentucky refinery in the 1997 calendar year. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) &#147;<U>Packaged Motor Oil Business</U>&#148; means
the ownership, use and/or operation (including toll processing through a third party&#146;s plant) of packaging facilities for the sale of packaged motor oil under third party brandnames or trademarks. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) &#147;<U>Private Label Packaged Motor Oil
Business</U>&#148; means the sale of packaged motor oil under third party and/or the Company&#146;s brand names or trademarks. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) &#147;<U>Quick Lube Business</U>&#148; means the provision of services for changing oil, lubricants, antifreeze and other automotive
fluids for passenger car and light commercial trucks and the provision of maintenance checks and related services. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vi) &#147;<U>Valvoline</U>&#148; means the Valvoline division of Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">102 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(vii) &#147;<U>Valvoline Business</U>&#148; means the business currently engaged in by
Valvoline, including (A) the production and marketing of automotive and industrial oils, automotive car care products and chemicals, antifreeze, rust preventives, (B) automotive services and (C) environmental recycling services (including collection
of used oil, filters and related items). For the avoidance of doubt, the Valvoline Business includes the Bulk Motor Oil Business, the Packaged Motor Oil Business, the Private Label Packaged Motor Oil Business and the Quick Lube Business. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 14.04. <U>Purchase Price of Competitive Business Assets.</U> In
the event that (x) the Company elects to purchase any Company Competitive Business Assets pursuant to the proviso to Section 14.01(d)(iv) or (y) Ashland elects to purchase any Valvoline Competitive Business Assets pursuant to the second proviso to
Section 14.03(d)(viii), the purchase price of such Company Competitive Business Assets or Valvoline Competitive Business Assets (the &#147;<U>Competitive Business Purchase Price</U>&#148;) shall be determined pursuant to the following procedures:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(a) <U>Negotiation Period.</U> For a period
of 15 days following the date the Board of Managers approves such purchase, Marathon and Ashland will negotiate in good faith to seek to reach an agreement as to the Competitive Business Purchase Price. If Marathon and Ashland reach such an
agreement, then the Competitive Business Purchase Price shall be deemed to be the amount so agreed upon by Marathon and Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Appraisal Process.</U> (i) In the event Marathon and Ashland are unable to reach an agreement as to the Competitive Business
Purchase Price within the 15 day period referred to in clause (a) above, then within five Business Days after the expiration of such 15-day period (such fifth Business Day being referred to herein as the &#147;<U>14.04 Appraisal Process Commencement
Date</U>&#148;), Marathon and Ashland each shall select a nationally recognized investment banking firm to (A) prepare a report which (1) sets forth such investment banking firm&#146;s determination of the Competitive Business Purchase Price (which
shall be a single amount as opposed to a range) and (2) includes work papers which indicate the basis for the calculations of the Competitive Business Purchase Price </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">103 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">(a &#147;<U>14.04 Appraisal Report</U>&#148;) and (B) deliver to Marathon or Ashland, as the case may be, an oral and written opinion addressed to such party
as to the Competitive Business Purchase Price. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(ii) The fees and expenses of each investment banking firm shall be paid by the party selecting such investment banking firm. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) Each of Marathon and Ashland shall instruct its respective investment banking firm to (A) not consult with the other investment
banking firm with respect to its view as to the Competitive Business Purchase Price prior to the time that both investment banking firms have delivered their respective opinions to Marathon and Ashland, as applicable, (B) deliver their respective
14.04 Appraisal Reports, together with their oral and written opinions as to the Competitive Business Purchase Price (the &#147;<U>14.04 Initial Opinion Values</U>&#148;), within 15 days after the 14.04 Appraisal Process Commencement Date, and (C)
deliver a copy of its written opinion and its 14.04 Appraisal Report to the Company, the other party and the other party&#146;s investment banking firm at the time it delivers its oral and written opinion to Marathon or Ashland, as applicable.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) If the 14.04 Initial Opinion Values
differ and the lesser 14.04 Initial Opinion Value equals or exceeds 90% of the greater 14.04 Initial Opinion Value, the Competitive Business Purchase Price shall be deemed to be an amount equal to (A) the sum of the 14.04 Initial Opinion Values
divided by (B) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) If the 14.04 Initial
Opinion Values differ and the lesser 14.04 Initial Opinion Value is less than 90% of the greater 14.04 Initial Opinion Value then: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) within two Business Days after both investment banking firms have delivered their respective opinions to Marathon or Ashland, as
applicable, each investment banking firm shall, at a single meeting at which Marathon, Ashland, the Company and the other investment banking firm are present, make a presentation with respect to its 14.04 Initial Opinion Value. At such presentation,
Marathon, Ashland, the Company and the other </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">104 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%">
<FONT FACE="Times New Roman" SIZE="2">investment banking firm shall be entitled to ask questions as to the basis for and the calculation of such investment banking firm&#146;s 14.04 Initial
Opinion Value; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) Marathon and Ashland
shall, within five Business Days after the date Marathon and Ashland receive the 14.04 Initial Opinion Values (such fifth Business Day being referred to herein as the &#147;<U>14.04 Subsequent Appraisal Process Commencement Date</U>&#148;), jointly
select a third nationally recognized investment banking firm to (1) prepare a 14.04 Appraisal Report and (2) deliver an oral and written opinion addressed to Marathon and Ashland as to the Competitive Business Purchase Price. The fees and expenses
of such third investment banking firm shall be paid 50% by Marathon and 50% by Ashland. Such third investment banking firm shall not be provided with the 14.04 Initial Opinion Values and shall not consult with the initial investment banking firms
with respect thereto. During such five-Business Day period, Marathon and Ashland shall negotiate in good faith to independently reach an agreement as to the Competitive Business Purchase Price. If Marathon and Ashland reach such an agreement, then
the Competitive Business Purchase Price shall be deemed to be the amount so agreed upon by Marathon and Ashland. If Marathon and Ashland are unable to reach such an agreement, then Marathon and Ashland shall instruct such third investment banking
firm to deliver its 14.04 Appraisal Report, together with its oral and written opinion as to the Competitive Business Purchase Price (the &#147;<U>14.04 Third Opinion Value</U>&#148;), within 15 days after the 14.04 Subsequent Appraisal Process
Commencement Date. The Competitive Business Purchase Price in such circumstances shall be deemed to be an amount equal to (I) the sum of (x) the 14.04 Third Opinion Value plus (y) whichever of the two 14.04 Initial Opinion Values is closer to the
14.04 Third Opinion Value (or, if the 14.04 Third Opinion Value is exactly halfway between the two 14.04 Initial Opinion Values, the 14.04 Third Opinion Value), divided by (II) two. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">105 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XV </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Survival; Assignment </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.01. <U>Survival and Assignment re: Marathon and USX.</U> (a) <U>General.</U> Except as expressly permitted by this Section 15.01, neither
Marathon nor USX shall assign all or any part of its rights and obligations hereunder to any person without first obtaining the written approval of each of the other parties hereto, which approval may be granted or withheld in such parties&#146;
sole discretion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Merger or Sale of Substantially All of
Marathon&#146;s or USX&#146;s Assets.</U> In the event that Marathon or USX shall be a party to a merger, consolidation or other similar business combination transaction with a third party or sell all or substantially all its assets to a third
party, Marathon&#146;s or USX&#146;s, as the case may be, rights and obligations hereunder shall be assignable to such third party in connection with such transaction; <U>provided</U>, <U>however</U>, that Marathon or USX shall not be permitted to
assign its rights and obligations hereunder to such third party as aforesaid if the purpose or intent of such merger, consolidation, similar business combination transaction or sale is to circumvent or avoid the application of Sections 10.01(c) and
10.04 of the LLC Agreement to the related Transfer of Marathon&#146;s Membership Interests to such third party. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Transfer of Marathon&#146;s Membership Interests Pursuant to Section 10.01(c) of the LLC Agreement.</U> In the event that Marathon Transfers all of
its Membership Interests to a third party pursuant to Section 10.01(c) of the LLC Agreement, then: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) such third party shall at the time of such Transfer become subject to all of Marathon&#146;s and USX&#146;s respective obligations
hereunder and shall succeed to all of Marathon&#146;s and USX&#146;s respective rights hereunder; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) such third party and its ultimate parent, if any, shall each become subject to the same standstill obligations that apply to Marathon
and USX under Section 12.01, which standstill provisions shall remain in effect with respect to such third party and its ultimate parent, if any, through the six-month </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">106 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">anniversary of the earlier to occur of (a) the date that Ashland and its Affiliates do not own any Membership Interests and (b) the date that such third
party and its Affiliates do not own any Membership Interests; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(iii) such third party and its ultimate parent, if any, shall each become subject to the same non- compete covenants that apply to Marathon and USX under Article XIV; and </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iv) Marathon and USX shall each be relieved of all of its
obligations hereunder other than (1) any default hereunder by Marathon or USX or any of their respective Affiliates that occurred prior to the time of such Transfer; (2) Marathon&#146;s and USX&#146;s respective obligations under Section 12.01
(which are in addition to, and not in lieu of such third party&#146;s obligations under Section 12.01); (3) Marathon&#146;s and USX&#146;s respective obligations under Article X with respect to any Securities that Marathon and/or USX issued to
Ashland pursuant to Section 4.02(c) prior to such Transfer or that Marathon and/or USX intends to issue to Ashland pursuant to Section 4.02(c) after such Transfer; and (4) Marathon&#146;s and USX&#146;s respective obligations under Article XIV
(which shall survive for six months from the date of such Transfer and which are in addition to, and not in lieu of such third party&#146;s obligations under Article XIV). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Assignment of Marathon&#146;s Marathon Call Right and Special Termination Right.</U> In the event of an assignment by
Marathon of its rights and obligations under this Agreement to a third party pursuant to this Section 15.01, Marathon&#146;s rights and obligations related to its Marathon Call Right and its Special Termination Right shall also be assigned to such
third party; <U>provided</U>, that such third party shall not be permitted to exercise the Marathon Call Right until the third anniversary of the date of such assignment. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.02. <U>Survival and Assignment re: Ashland.</U> (a) <U>General.</U> Except as expressly permitted by this Section
15.02, Ashland shall not assign all or any part of its rights and obligations hereunder to any person without first obtaining the prior written approval of each </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">107 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">of the other parties hereto, which approval may be granted in such parties&#146; sole discretion. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) <U>Merger or Sale of Substantially all of Ashland&#146;s Assets.</U> In
the event that Ashland shall be a party to a merger, consolidation or other similar business combination transaction with a third party or sell all or substantially all of its assets to a third party, Ashland&#146;s rights and obligations hereunder
shall be assignable to such third party in connection with such transaction; <U>provided</U>, <U>however</U>, that Ashland shall not be permitted to assign its rights and obligations hereunder to such third party as aforesaid if the purpose or
intent of such merger, consolidation, similar business combination transaction or sale is to circumvent or avoid the application of Sections 10.01(c) and 10.04 of the LLC Agreement to the related Transfer of Ashland&#146;s Membership Interests to
such third party. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(c) <U>Transfer of Membership Interests
Pursuant to Section 10.01(c) of the LLC Agreement.</U> In the event that Ashland Transfers all of its Membership Interests to a third party pursuant to Section 10.01(c) of the LLC Agreement, then: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(i) such third party shall at the time of such Transfer
become subject to all of Ashland&#146;s obligations hereunder and shall succeed to all of Ashland&#146;s rights hereunder; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(ii) such third party and its ultimate parent, if any, shall each become subject to the same standstill obligations that apply to Ashland
under Section 12.02, which standstill provisions shall remain in effect with respect to such third party and its ultimate parent, if any, through the later to occur of (i) the six-month anniversary of the earlier to occur of (A) the date that
Marathon and its Affiliates do not own any Membership Interests and (B) the date that such third party and its Affiliates do not own any Membership Interests and (ii) in the event that such third party or its Affiliates acquires USX Voting
Securities pursuant to the Closing of the Ashland Put Right, the date on which such third party and its Affiliates do not own more than 5% of the then outstanding USX Voting Securities; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">108 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(iii) such third party and its ultimate parent, if any, shall each become subject to the
same non-compete covenants that apply to Ashland under Article XIV; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">(iv) Ashland shall be relieved of all of its obligations hereunder other than (1) any default hereunder by Ashland or any of its Affiliates that occurred prior to the time of such Transfer; (2) Ashland&#146;s
obligations under Section 12.02 (which are in addition to, and not in lieu of such third party&#146;s obligations under Section 12.02); and (3) Ashland&#146;s obligations under Article XIV (which shall survive for six months from the date of such
Transfer and which are in addition to, and not in lieu of such third party&#146;s obligations under Article XIV); and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(v) Ashland shall retain all of its rights under Article X with respect to any Securities that are issued to Ashland pursuant to Section
4.02(c) prior to or after the date of such Transfer (which rights shall be in addition to and not in lieu of the rights that the third party of Ashland&#146;s Membership Interests is entitled to under Article X). </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(d) <U>Assignment of Ashland&#146;s Ashland Put Right and Special Termination
Right.</U> In the event of an assignment by Ashland of its rights and obligations under this Agreement to a third party pursuant to this Section 15.02, Ashland&#146;s rights and obligations related to its Ashland Put Right and its Special
Termination Right shall also be assigned to such third party; <U>provided</U> that such third party shall not be permitted to exercise the Ashland Put Right until the third anniversary of the date of such assignment. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.03. <U>Survival and Assignment re: the Company.</U> The Company
shall not be permitted to assign its rights and obligations hereunder without the prior written consent of each of the other parties hereto, which consent shall not be unreasonably withheld. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.04. <U>Assignment and Assumption Agreements.</U> Any assignment of
Marathon&#146;s, USX&#146;s, Ashland&#146;s or the Company&#146;s respective rights and obligations hereunder pursuant to this Article XV shall be pursuant to an assignment and assumption agreement by and among the third party, such third
party&#146;s ultimate parent, if any, and each </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">109 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">of the parties hereto, in such form as the parties hereto shall reasonably approve. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 15.05. <U>Consequences of Unpermitted Assignments.</U> Any attempted assignment in violation of this Article XV
shall be void and without legal effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE XVI </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Dispute Resolution Procedures </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.01. <U>General.</U> All controversies, claims or disputes that
arise out of or relate to the Agreement or the construction, interpretation, performance, breach, termination, enforceability or validity of the Agreement, or the commercial economic or other relationship of the parties thereto, whether such claim
is based on rights, privileges or interests recognized by or based upon statute, contract, tort, common law or otherwise and whether such claim existed prior to or arises on or after the date of the Agreement (a &#147;<U>Dispute&#148;</U>) shall be
resolved in accordance with the provisions of this Article XVI. Notwithstanding anything to the contrary contained in this Article XVI, nothing in this Article XVI shall limit the ability of the directors and officers of a party hereto from
communicating directly with the directors and officers of any other party hereto. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 16.02. <U>Dispute Notice and Response.</U> A party hereto may give another party hereto written notice (a &#147;<U>Dispute Notice&#148;</U>) of any Dispute which has not been resolved in the normal course of
business. Within fifteen Business Days after delivery of the Dispute Notice, the receiving party shall submit to the other party a written response (the &#147;<U>Response&#148;</U>). The Dispute Notice and the Response shall each include a statement
setting forth the position of the party giving such notice, a summary of the arguments supporting such position and, if applicable, the relief sought. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 16.03. <U>Negotiation Between Chief Executive Officers.</U> (a) If a Dispute Notice is delivered prior to the Closing, within 10 Business Days
after delivery of the Response provided for in Section 16.02, the Chief Executive Officer (in the case of Ashland and USX) and/or the President (in the case of Marathon and the Company) of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">110 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">each party to such Dispute shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem
necessary, and shall negotiate in good faith to attempt to resolve the Dispute that is the subject of such Dispute Notice. If such Dispute has not been resolved within 20 Business Days after the delivery of the Response as provided for in Section
16.02, then each party shall be permitted to take such actions at law or in equity as it is otherwise permitted to take or as may be available under Applicable Law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(b) All negotiations between the Chief Executive Officer(s) and/or the President(s) pursuant to this Section 16.03 shall be
treated as compromise and settlement negotiations. Nothing said or disclosed, nor any document produced, in the course of such negotiations which is not otherwise independently discoverable shall be offered or received as evidence or used for
impeachment or for any other purpose in any current or future arbitration or litigation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">SECTION 16.04. <U>Right to Equitable Relief Preserved.</U> Notwithstanding anything in this Agreement to the contrary, any party hereto may at any time seek from any court of the United States located in the State of
Delaware or from any Delaware state court, any interim, provisional or injunctive relief that may be necessary to protect the rights or property of such party or maintain the status quo before, during or after the pendency of the negotiation process
or any other proceeding contemplated by Section 16.03. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ARTICLE
XVII </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Miscellaneous </U></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.01. <U>Notices.</U> Any notice, consent or approval to be given
under this Agreement shall be in writing and shall be deemed to have been given if delivered: (i) personally by a reputable courier service that requires a signature upon delivery; (ii) by mailing the same via registered or certified first-class
mail, postage prepaid, return receipt requested; or (iii) by telecopying the same with receipt confirmation (followed by a first-class mailing of the same) to the intended recipient. Any such writing will be deemed to have been given: (a) as of the
date of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">111 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">personal delivery via courier as described above; (b) as of the third calendar day after depositing the same into the custody of the postal service as
evidenced by the date-stamped receipt issued upon deposit of the same into the mails as described above; and (c) as of the date and time electronically transmitted in the case of telecopy delivery as described above, in each case addressed to the
intended party at the address set forth below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To Marathon: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Marathon Oil Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">5555 San Felipe </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">P.O. Box 3128 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Houston, TX 77056 </FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Attn: General Counsel</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Phone:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(713) 296-4137</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(713) 296-4171</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To USX: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">USX Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">600 Grant Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pittsburgh, PA, 15219-4776 </FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Attn: General Counsel</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Phone:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(412) 433-1121</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(412) 433-2015</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To Ashland: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Ashland Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">1000 Ashland Drive </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Russell, KY 41169 </FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Attn: General Counsel</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Phone:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(606) 329-3333</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(606) 329-3823</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To the Company: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Marathon Ashland Petroleum LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">539 South Main Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Findlay, Ohio 45840 </FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Attn: General Counsel</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Phone:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(419) 421-4115</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Fax:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">(419) 422-2121</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">112 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Any party may designate different addresses or telecopy numbers by notice to the other parties. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.02. <U>Merger and Entire Agreement.</U> This Agreement (including
the Schedules and Appendices attached hereto), together with the other Transaction Documents (including the exhibits, schedules and appendices thereto) and certain other agreements executed contemporaneously with the Master Formation Agreement
constitutes the entire Agreement of the parties hereto and supersedes any prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.03. <U>Parties in Interest.</U> This Agreement
shall inure to the benefit of, and be binding upon, the parties hereto and their respective successors, legal representatives and permitted assigns. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.04. <U>Counterparts.</U> This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.05.
<U>Amendment; Waiver.</U> This Agreement may not be amended except in a written instrument signed by each of the parties hereto and expressly stating it is an amendment to this Agreement. Any failure or delay on the part of any party hereto in
exercising any power or right hereunder shall not operate as a waiver thereof, nor shall any single or partial exercise of any such right or power preclude any other or further exercise thereof or the exercise of any other right or power hereunder
or otherwise available at law or in equity. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.06.
<U>Severability.</U> If any term, provision, covenant, or restriction of this Agreement or the application thereof to any Person or circumstance, at any time or to any extent, is held by a court of competent jurisdiction or other Governmental
Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement (or the application of such provision in other jurisdictions or to Persons or circumstances other than those to
which it was held invalid or unenforceable) shall in no way be affected, impaired or invalidated, and to the extent permitted by Applicable Law, any such term, provision, covenant or </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">113 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">restriction shall be restricted in applicability or reformed to the minimum extent required for such to be enforceable. This provision shall be interpreted
and enforced to give effect to the original written intent of the parties hereto prior to the determination of such invalidity or unenforceability. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>SECTION 17.07. <U>GOVERNING LAW.</U> THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT
GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OF LAW THEREOF. ANY RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM OR PROCEEDING RELATED TO OR ARISING OUT OF THIS AGREEMENT, OR ANY TRANSACTION OR CONDUCT IN CONNECTION HEREWITH, IS WAIVED.
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.08. <U>Enforcement.</U> The parties hereto
agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties hereto shall be
entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the Delaware Chancery Court; <U>provided</U> that if the Delaware Chancery Court does not have
jurisdiction with respect to such matter, the parties hereto shall be entitled to enforce specifically the terms and provisions of this Agreement in any court of the United States located in the State of Delaware or in Delaware state court, this
being in addition to any other remedy to which they are entitled at law or in equity. In addition, each of the parties hereto (i) consents to submit itself to the personal jurisdiction of the Delaware Chancery Court in the event that any dispute
arises out of this Agreement or any of the transactions contemplated by this Agreement; <U>provided</U> that if the Delaware Chancery Court does not have jurisdiction with respect to any such dispute, such party consents to submit itself to the
personal jurisdiction of any Federal court located in the State of Delaware or any Delaware state court, (ii) agrees to appoint and maintain an agent in the State of Delaware for service of legal process, (iii) agrees that it will not attempt to
deny or defeat such personal jurisdiction by motion or other request for leave from any such court, (iv) agrees that it will not plead or claim in any such court that any action relating to this Agreement or any of the transactions contemplated by
this Agreement in any such court has been brought in an inconvenient forum and (v) agrees that it will not initiate </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">114 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">any action relating to this Agreement or any of the transactions contemplated by this Agreement in any court other than (1) the Delaware Chancery Court, or
(2) if the Delaware Chancery Court does not have jurisdiction with respect to such action, a Federal court sitting in the State of Delaware or a Delaware state court. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.09. <U>Table of Contents, Headings and Titles.</U> The table of contents and section headings of this Agreement
and titles given to Schedules and Appendices to this Agreement are for reference purposes only and are to be given no effect in the construction or interpretation of this Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.10. <U>Use of Certain Terms; Rules of Construction.</U> As used in this Agreement, the words
&#147;<U>herein</U>&#148;, &#147;<U>hereof</U>&#148; and &#147;<U>hereunder</U>&#148; and other words of similar import refer to this Agreement as a whole and not to any particular paragraph, subparagraph, section, subsection or other subdivision.
Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa. Each party hereto
agrees that any rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation or construction of this Agreement or any Transaction Document. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.11. <U>Holidays.</U> Notwithstanding any deadline for payment,
performance, notice or election under this Agreement, if such deadline falls on a date that is not a Business Day, then the deadline for such payment, performance, notice or election will be extended to the next succeeding Business Day. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.12. <U>Third Parties.</U> Nothing herein expressed or implied
is intended or shall be construed to confer upon or give any person and their respective successors, legal representatives and permitted assigns any rights, remedies or basis for reliance upon, under or by reason of this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.13. <U>Liability for Affiliates.</U> Except where and to the
extent that a contrary intention otherwise appears, where any party hereto undertakes to cause its Affiliates to take or abstain from taking any action, such </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">115 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">undertaking shall mean (i) in the case of an Affiliate that is controlled by such party, that such party shall cause such Affiliate to take or abstain from
taking such action and (ii) in the case of an Affiliate that controls or is under common control with such party, that such party shall use its commercially reasonable best efforts to cause such Affiliates to take or abstain from taking such action;
<U>provided</U>, <U>however</U>, that such party shall not be required to violate, or cause any director of an Affiliate to violate, any fiduciary duty to minority shareholders of such Affiliate. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">SECTION 17.14. <U>Schedules.</U> No representation or warranty hereunder
shall be deemed to be inaccurate if the actual situation is disclosed pursuant to another representation or warranty herein or in a schedule to a Put/Call, Registration Rights and Standstill Agreement Disclosure Letter or in any other Transaction
Document or any exhibit, schedule or appendix thereto, whether or not an explicit cross-reference appears. Neither the specification of any dollar amount in any representation, warranty or covenant contained in this Agreement nor the inclusion of
any specific item in a schedule to a Put/Call, Registration Rights and Standstill Agreement Disclosure Letter is intended to imply that such amount, or higher or lower amounts, or the item so included or other items, are or are not material, and
neither party shall use the fact of the setting forth of any such amount or the inclusion of any such item in any dispute or controversy involving the parties as to whether any obligation, item or matter not described herein or included in a
schedule to a Put/Call, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">116 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Registration Rights and Standstill Agreement Disclosure Letter is or is not material for purposes of this Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">IN WITNESS WHEREOF, this Agreement has been duly executed by the parties as
of the day and year first above written. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">MARATHON OIL COMPANY</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">by</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;V G B<SMALL>EGHINI&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Victor G. Beghini</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>President</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">USX CORPORATION</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">by</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;T J U<SMALL>SHER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Thomas J. Usher</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Chairman of the Board and Chief Executive Officer</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">ASHLAND INC.</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">by</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;P<SMALL>AUL</SMALL> C<SMALL>HELLGREN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Paul W. Chellgren</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Chairman of the Board and Chief Executive Officer</B></FONT></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">MARATHON ASHLAND PETROLEUM LLC</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">by</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;J. L. F<SMALL>RANK&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>J. L. Frank</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>President</B></FONT></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>APPENDIX A </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>DEFINITION OF TERMS </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The following terms shall have the following meanings wherever they appear in
a Transaction Document (as hereinafter defined) and such meanings shall be equally applicable to both the singular and the plural forms of the terms herein defined. References herein to an agreement, instrument or document shall, unless otherwise
expressly provided, include such agreement, instrument or document as the same may be amended, modified or supplemented from time to time in accordance with its terms and as permitted by the Transaction Documents and shall include the permitted
successors to, and assigns of, any Person. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Addendum and
Joinder</U>&#148; shall mean the Addendum and Joinder to the Asset Transfer and Contribution Agreement in substantially the form attached as Exhibit W to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliate</U>&#148; shall mean, with respect to any Person, any other Person that
directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question; provided, however, that unless otherwise indicated, neither the Company nor any of its subsidiaries shall
be considered an Affiliate of Marathon, USX or Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliated
Ashland Group</U>&#148; shall have the meaning set forth in Section 6.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Affiliated Marathon Group</U>&#148; shall have the meaning set forth in Section 5.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Applicable GAAP</U>&#148; shall have the meaning set forth in Section 1.02 of the
LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Applicable Law</U>&#148; shall mean any applicable
statute, law, regulation, ordinance, rule, judgment, rule of law, order, decree, permit, approval, concession, grant, franchise, license, agreement, 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. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland</U>&#148; shall mean Ashland Inc., a Kentucky corporation, or its successor.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;1 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Asset Leases</U>&#148; shall have the meaning set forth in Section 3.1(g) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Asset Transfer and Contribution
Agreement Disclosure Letter</U>&#148; shall mean the letter from Ashland to Marathon and the Company dated the date of and relating to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Assumed Liabilities</U>&#148; shall have the meaning set forth in Section 3.3 of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Benefit Plan</U>&#148; shall mean every Employee
Benefit Plan sponsored, maintained, or contributed to, or required to be contributed to, by Ashland, or any ERISA Affiliate of Ashland, for the benefit of current or former employees of Ashland&#146;s Business in the United States. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Chemical Product Sale Agreement</U>&#148; shall mean the Ashland Chemical
Product Sale Agreement in substantially the form attached as Exhibit P to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Commercial Affiliates</U>&#148; shall have the meaning set forth in Section 4.1 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Consent Decrees</U>&#148; shall mean any consent decrees, consent orders,
agreed orders, notices of violation, judgments, decrees or similar orders or obligations entered into prior to Closing or relating to any investigations of which Ashland had received notice from the appropriate Governmental Authority prior to
Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Contracts</U>&#148; shall have the meaning set forth
in Section 3.1(o) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Designated Sublease Agreements</U>&#148; shall mean the Ashland Sublease Agreements in substantially the forms attached as Exhibit L to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Designated UST Environmental Contamination</U>&#148; shall mean any
Environmental Contamination associated with, or discovered as part of, Ashland&#146;s 1998 underground storage tank upgrade program at the Ashland Service Stations set forth on Schedule 9.1(c) to the Ashland Asset Transfer and Contribution Agreement
Disclosure Letter under the heading &#147;Ashland Designated UST Environmental Contamination.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Environmental Loss</U>&#148; shall mean any Environmental Loss to the extent arising out of, based on, or occurring in connection with Ashland&#146;s Business prior to Closing or related to the
ownership, use, operation or maintenance of, or related to the reporting practices associated with, the Ashland Transferred Assets prior to Closing, whether or not Asserted prior to Closing. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;2 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Excluded Assets</U>&#148; shall have the meaning set forth in Section 3.2 of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Excluded Liabilities</U>&#148; shall
have the meaning set forth in Section 3.4 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Excluded Taxes</U>&#148; shall have the meaning set forth in Section 3.3(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Financial Statements</U>&#148; shall have the meaning set forth in Section 4.6 of the Master Formation Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland General Assignment and Assumption Agreement</U>&#148; shall
mean the General Assignment and Assumption Agreement in substantially the form attached as of Exhibit I to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Indemnified Persons</U>&#148; shall mean Ashland and its Affiliates and their respective employees, officers and directors. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Information Package</U>&#148; shall have the meaning set forth in Section
4.8 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Intellectual Property
License Agreement</U>&#148; shall mean the Intellectual Property License Agreement in substantially the form attached as Exhibit J-1 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Joint Contracts</U>&#148; shall have the meaning set forth in Section 3.6(b) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Joint Permits</U>&#148; shall have the meaning set
forth in Section 3.6(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Joint Services Agreement</U>&#148; shall mean the Ashland Joint Services Agreement in substantially the form attached as Exhibit Q to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Lease Agreements</U>&#148; shall mean the Lease Agreements in substantially
the form attached as Exhibit K to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland LOOP/LOCAP Interest</U>&#148; shall have the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Master Formation Agreement Disclosure Letter</U>&#148; shall mean the letter from Ashland to Marathon dated the date of and
relating to the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;3 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Material Contracts&#148;</U> shall have the meaning set forth in Section 6.9 of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Material Permits</U>&#148; shall have
the meaning set forth in Section 6.3 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland 1997 Balance Sheet</U>&#148; shall mean the audited balance sheet of Ashland appearing in the Ashland Financial Statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Ongoing Remediation</U>&#148; shall mean, with respect to any Ashland Environmental Loss, Remediation Activities that either were commenced prior to
Closing or that relate to any investigation of which Ashland had received notice from the appropriate Governmental Authority prior to Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Other Real Property Rights</U>&#148; shall have the meaning set forth in Section 3.1(h) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Other Sublease Agreements</U>&#148; shall mean the Ashland Sublease
Agreements in substantially the forms attached as Exhibit M to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Pension Plan</U>&#148; shall have the meaning set forth in Section 10.5(c)(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Permits</U>&#148; shall have the meaning set forth in Section 3.1(p) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Personal Property Leases</U>&#148; shall have the meaning set
forth in Section 3.1(j) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Personal Property Owned</U>&#148; shall have the meaning set forth in Section 3.1(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Pipelines</U>&#148; shall have the meaning set forth in Section 3.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Proprietary Rights</U>&#148; shall have the meaning set forth in Section
6.10(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Quitclaim Deeds</U>&#148; shall mean the Quitclaim Deeds substantially in the forms attached as Exhibit H to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Real Property Leased</U>&#148; shall have the meaning set forth in Section 3.1(f) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;4 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Real Property Leases</U>&#148; shall have the meaning set forth in Section 3.1(f) of the Asset Transfer
and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Real Property Owned</U>&#148;
shall have the meaning set forth in Section 3.1(e) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Records</U>&#148; shall have the meaning set forth in Section 3.1(s) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Refineries</U>&#148; shall have the meaning set forth in Section 3.1(a) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Restricted Asset</U>&#148; shall have the meaning set forth
in Section 3.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Ashland Restricted Liability</U>&#148; shall have the meaning set forth in Section 3.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Restriction</U>&#148; shall have the meaning set forth in Section 3.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Retirement Plan</U>&#148; shall have the meaning set forth in Section
10.7(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Service Stations</U>&#148; shall have the meaning set forth in Section 3.1(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Shut-Down Refinery Assets</U>&#148; shall mean those portions of shut down refineries of Ashland that are operating as terminals and are being leased to
the Company pursuant to the Ashland Lease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Sublease Agreements</U>&#148; shall mean the Ashland Designated Sublease Agreements and the Ashland Other Sublease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Subsidiaries</U>&#148; shall have the meaning set forth in Section 4.1 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Subsidiaries Interests</U>&#148; shall have the meaning set forth in Section
4.10 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Supplier Cooperation
Agreement</U>&#148; shall mean the Ashland Supplier Cooperation Agreement substantially in the form of Exhibit S to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;5 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Terminals</U>&#148; shall have the meaning set forth in Section 3.1(b) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Trademark License Agreement</U>&#148;
shall mean the Ashland Trademark License Agreement in substantially the form attached as Exhibit J-2 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferred Assets</U>&#148; shall have the meaning set forth in Section 3.1 of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferred Employees</U>&#148; shall have the meaning set forth in Section
10.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland
Transferring Affiliates</U>&#148; shall have the meaning set forth in Section 4.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferring Affiliate Interests</U>&#148; shall have the meaning set forth in Section 4.11 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Transferring Entities</U>&#148; shall have the meaning set forth in Section
4.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland VEBA</U>&#148; shall
have the meaning set forth in Section 10.14 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Ashland Working Capital Shortfall</U>&#148; shall have the meaning set forth in Section 4.3(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland&#146;s Adjusted Capital Expenditures</U>&#148; shall have the meaning set forth in Section 4.4(c) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland&#146;s Business</U>&#148; shall mean
that portion of Ashland&#146;s business, tangible assets, intangible assets, rights, contracts, permits, licenses and other rights which comprise Ashland&#146;s petroleum supply, refining, marketing and transportation business (excluding the Ashland
Excluded Assets and Ashland Excluded Liabilities). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Ashland&#146;s
Target Capital Expenditures</U>&#148; shall have the meaning set forth in Section 4.4(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Asserted</U>&#148; shall mean with respect to an Environmental Loss, that the Indemnified Party has provided written notice to the Indemnifying Party either of
(i) its receipt of written notice, including letters of inquiry, requests for information or other investigatory inquiries, from a Governmental Authority relating to such Environmental Loss or (ii) the existence of facts, conditions or circumstances
from which the Indemnified Party has reasonably concluded, based on an opinion of </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;6 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">counsel delivered at any time after the Closing Date to such Indemnified Party, that an Environmental Loss may result. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Asset Transfer and Contribution Agreement</U>&#148; shall mean the Asset Transfer
and Contribution Agreement dated as of December 12, 1997, among Marathon, Ashland and the Company, including any appendices and exhibits to the Asset Transfer and Contribution Agreement and the Asset Transfer and Contribution Agreement Disclosure
Letters. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Asset Transfer and Contribution Agreement Disclosure
Letters</U>&#148; shall mean the Marathon Asset Transfer and Contribution Agreement Disclosure Letter and the Ashland Asset Transfer and Contribution Agreement Disclosure Letter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Assumed Liabilities</U>&#148; shall mean, with respect to Marathon and Ashland, the Marathon Assumed Liabilities and the Ashland
Assumed Liabilities, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Bareboat Charter</U>&#148; shall
have the meaning set forth in Section 9.3(k) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Board of Managers</U>&#148; shall have the meaning set forth in Section 8.02(a) of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Business</U>&#148; shall mean, with respect to Marathon and Ashland, Marathon&#146;s Business and Ashland&#146;s Business, respectively, and with respect to the
Company, the Company&#146;s Business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Business Day</U>&#148; shall
mean any day that is not a Saturday, Sunday or a holiday on which national banks in New York City, New York are closed for business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Expenditure Accounting Firm</U>&#148; shall have the meaning set forth in Section 4.4(e) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital Expenditure Statement</U>&#148; shall have the meaning set forth in Section
4.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Capital
Lease</U>&#148; shall mean any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as a capital lease on a consolidated
balance sheet of the Company and its subsidiaries in accordance with GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Casualty or Condemnation Loss</U>&#148; shall mean, with respect to Marathon&#146;s Business or Ashland&#146;s Business, as the case may be, (i) a Loss, whether or not insured, as a result of any fire, flood, accident, explosion,
strike, labor disturbance, riot, act of God or public enemy or other calamity or casualty, unless either such Loss shall have been substantially cured, repaired or restored by such party prior to the Closing Date, or such party shall have otherwise
substantially compensated the Company for such Loss, or (ii) that proceedings have been instituted or threatened seeking the condemnation or other taking of a portion of such business in the future. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;7 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>CERCLA</U>&#148; shall mean the Comprehensive Environmental Response, Compensation, and Liability Act of 1980,
as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Claim</U>&#148; shall mean any existing or threatened
future claim, demand, suit, action, investigation, proceeding, governmental action or cause of action of any kind or character (in each case, whether civil, criminal, investigative or administrative), known or unknown, under any theory, including
those based on theories of contract, tort, statutory liability, strict liability, employer liability, premises liability, products liability, breach of warranty or malpractice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Claims Review Committee</U>&#148; shall mean a committee, consisting of no more than six and no fewer than four qualified
representatives, with each of Marathon and Ashland choosing 50% of the representatives, duly formed and constituted as soon as practicable after the Closing Date to consider any matter referred to it pursuant to Section 9.8(c)(iii) of the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Closing</U>&#148; shall have the
meaning set forth in Section 2.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Closing Date</U>&#148; shall have the meaning set forth in Section 2.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>COBRA</U>&#148; shall mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and Sections 601 through 608 of ERISA. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Code</U>&#148; shall mean the Internal Revenue Code of 1986, as amended. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Commercial Documents</U>&#148; shall mean the Shared Services Agreement, the
Marathon Pipe Line Operating Agreement, the Crude Oil and NGL Supply Agreement, the Valvoline Lube Oil Supply Agreement, the Ashland Chemical Product Sale Agreement, the Ashland Joint Services Agreement, the Ashland Supplier Cooperation Agreement
and the Revolving Credit Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Commission</U>&#148; shall have
the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Company</U>&#148; shall mean Marathon Ashland Petroleum LLC, a Delaware limited liability company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company Indemnified Persons</U>&#148; shall mean the Company and its Affiliates and their respective employees, officers and directors. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Company&#146;s Business</U>&#148; shall mean Marathon&#146;s Business and
Ashland&#146;s Business to be conducted by the Company and its subsidiaries after the Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Confidentiality Agreement</U>&#148; shall mean the Confidentiality Agreement dated December 13, 1996 between Marathon and Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;8 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Contracts</U>&#148; shall mean contracts, leases, licenses, indentures, agreements, purchase orders, commitments
and all other legally binding arrangements, whether oral or written, express or implied. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Control</U>&#148; shall mean the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities or
general partnership or managing member interests, by contract or otherwise. Without limiting the generality of the foregoing, a Person shall be deemed to control any other Person in which it owns, directly or indirectly, a majority of the ownership
interests. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Conveyance Documents</U>&#148; shall mean the Asset
Transfer and Contribution Agreement, the Marathon Quitclaim Deeds, the Ashland Quitclaim Deeds, the Marathon General Assignment and Assumption Agreement, the Ashland General Assignment and Assumption Agreement, the Marathon Intellectual Property
License Agreement, the Ashland Intellectual Property License Agreement, the Marathon Trademark License Agreement, the Ashland Trademark License Agreement, the Marathon Lease Agreements, the Ashland Lease Agreements, the Marathon Sublease Agreements
and the Ashland Sublease Agreements and related conveyancing documents pursuant to which Transferred Assets are transferred to the Company and its subsidiaries. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Crude Oil and NGL Supply Agreement</U>&#148; shall mean the Crude Oil and Natural Gas Liquids Supply Agreement in substantially the form attached as Exhibit R
to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Cumene
Project</U>&#148; shall have the meaning set forth in Section 4.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Cumene Project 1997 Budget Amount</U>&#148; shall have the meaning set forth in Section 4.4(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Delaware Act</U>&#148; shall mean the Delaware Limited Liability Company Act, as in
effect and amended from time to time, or any successor statute. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Demand Registration</U>&#148; shall have the meaning set forth in Section 10.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Designated Persons</U>&#148; shall have the meaning set forth in the Confidentiality Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Disclosure Letters</U>&#148; shall mean the Master Formation Agreement Disclosure Letters, the Parent Agreement Disclosure Letter,
the Asset Transfer and Contribution Agreement Disclosure Letters and the Put/Call, Registration Rights and Standstill Agreement Disclosure Letter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Dispute</U>&#148; shall have the meaning set forth in Appendix B to the Asset Transfer and Contribution Agreement and Appendix B to the Master Formation
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>DOJ</U>&#148; shall mean the United States Department of
Justice. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;9 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Employee Benefit Plans</U>&#148; shall mean all pension, retirement, profit-sharing, medical, vacation,
hospitalization, vision, dental, health, life, severance or termination of employment plans, including any &#147;employee benefit plan&#148; as defined in Section 3(3) of ERISA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Employer Company</U>&#148; shall have the meaning set forth in Section 10.1(b) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Employment Transfer Date</U>&#148; shall have the meaning set forth
in Section 10.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Emro</U>&#148; shall mean Emro Marketing Company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Emro Savings Plan</U>&#148; shall have the meaning set forth in Section 10.11 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Contamination</U>&#148; shall mean (a) any release, discharge or disposal of any Hazardous Substance into or onto groundwater, surface water or
soil at, from, to or under any of the Marathon Real Property Owned or Marathon Real Property Leased or any of the Ashland Real Property Owned or Ashland Real Property Leased or (b) any transportation, treatment, recycling, storage, discharge or
disposal by, at or to any facility owned or operated by another party, including any facility leased by either Marathon or Ashland or any of their respective Affiliates or predecessors or the Company or any of its Affiliates of any Hazardous
Substance that (i) was shipped from or disposed of on, at or under any of the properties or facilities that are or have been owned, operated or used by either Marathon or Ashland or any of their respective Affiliates or predecessors or the Company
or its Affiliates or (ii) arose from the operations of either Marathon or Ashland or any of their respective Affiliates or predecessors or the Company or its Affiliates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Law</U>&#148; shall mean any Applicable Law relating to (a) the protection of (i) the environment or (ii) the public
welfare from actual or potential exposure (or the effects of exposure) to any actual or potential release, discharge, disposal or emission (whether past or present) of any Hazardous Substance or (b) the manufacture, processing, distribution, use,
treatment, labeling, storage, disposal, transport or handling of any Hazardous Substance. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Loss</U>&#148; shall mean any Loss arising out of any Environmental Contamination or any Environmental Violation or a combination of both. Environmental Loss specifically includes all costs
incurred to install new improvements or make repairs or alterations to prevent the continuation of any Environmental Contamination or to remedy noncompliance with any Environmental Law and, in the case of any Special Environmental Projects, shall
include the reasonable hourly costs of Company facility personnel to the extent dedicated to Remediation Activities or other activity directly related to such Special Environmental Projects. Environmental Loss specifically does not include any Claim
brought by a Person other than a Governmental Authority seeking damages, contribution, indemnification, cost recovery, penalties, compensation or injunctive relief resulting from the existence or release of, or exposure to, Hazardous Substances
except where such Claim is brought as a citizen&#146;s suit in which no monetary damages are sought for the account of such Person </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;10 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">Notwithstanding the foregoing, any Loss under CERCLA or any comparable state Environmental Law that arises out of, is based on or is in connection with the
disposal by Marathon or Ashland of Hazardous Substances at a location other than a property included in the Transferred Assets shall be treated as a Marathon Excluded Liability or an Ashland Excluded Liability, as the case may be. All Environmental
Losses arising from the same event, condition or set of circumstances at a particular facility shall be considered as an individual Environmental Loss for purposes of determining the applicability of the Individual Threshold Amount. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Requirement</U>&#148; shall mean any notice of violation, directive,
instruction, judgment, order or similar mandate from any Governmental Authority directing, ordering or requiring a correction of any Environmental Contamination or Environmental Violation, or any related Remediation Activities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Environmental Violation</U>&#148; shall mean any violation of any Environmental Law,
excluding, however, any such violation related to Environmental Contamination. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>ERISA</U>&#148; shall mean the Employee Retirement Income Security Act of 1974, as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>ERISA Affiliate</U>&#148; shall mean with respect to any Person any trade or business, whether or not incorporated, which together with such Person would be deemed a &#147;single employer&#148; within the
meaning of Section 414(b), (c) or (m) of the Code. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Exchange
Act</U>&#148; shall have the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Extraordinary Environmental Loss</U>&#148; shall mean (a) an Environmental Loss arising from an Environmental Violation or Environmental Contamination in which
(i) the amount in controversy could reasonably be expected to exceed $15,000,000; (ii) the Company has Asserted a Claim for indemnity under either Section 9.1(c) or Section 9.2(c) of the Asset Transfer and Contribution Agreement; and (iii) the
Indemnifying Party has a prior course of dealing with the Governmental Authority with jurisdiction over the matter or (b) a facility-wide application of the corrective action requirements of Sections 3004(u) and (v) of RCRA to a refinery included in
the Transferred Assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fiscal Quarter</U>&#148; shall mean the
three-month period ended March 31, June 30, September 30 and December 31 of each Fiscal Year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Fiscal Year</U>&#148; shall have the meaning set forth in Section 6.05 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>FTC</U>&#148; shall mean the United States Federal Trade Commission. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Former Marathon Plan Participants</U>&#148; shall have the meaning set forth in Section 10.5(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;11 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Freedom Employees</U>&#148; shall have the meaning set forth in Section 10.7(a) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Freedom Pension Plan</U>&#148; shall have the
meaning set forth in Section 10.7(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Fundamental Adverse Effect</U>&#148; shall mean (a) with respect to Marathon&#146;s Business, an effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or
prospects of Marathon&#146;s Business which results in a Loss of $80,000,000 or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise fundamentally adverse to Marathon&#146;s Business, and in any event includes
a shutdown by a Governmental Authority of any Marathon Refinery or Major Unit thereof contained within the Marathon Transferred Assets, (b) with respect to Ashland&#146;s Business, an effect on the business, operations, assets, liabilities, results
of operations, cash flows, condition (financial or otherwise) or prospects of Ashland&#146;s Business which results in a Loss of $50,000,000 or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise fundamentally
adverse to Ashland&#146;s Business, and in any event includes a shutdown by a Governmental Authority of any Ashland Refinery or Major Unit thereof contained within the Ashland Transferred Assets, and (c) with respect to the Company&#146;s Business,
an effect on the business, operations, assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of the Company&#146;s Business which results, individually or in the aggregate, in a Loss of $65,000,000
or more, or, if such Loss is not susceptible to being measured in monetary terms, is otherwise fundamentally adverse to the Company&#146;s Business, and in any event includes a shutdown by a Governmental Authority of any Marathon Refinery or Ashland
Refinery or Major Unit thereof contained within either the Marathon Transferred Assets or the Ashland Transferred Assets; provided, however, that any such effect relating to or resulting from any change in the price of petroleum or petroleum
byproducts, general economic conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) shall be deemed not to constitute a Fundamental Adverse Effect. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Fuelgas Interest</U>&#148; shall have the meaning set forth in Section 1.01 of the
LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>GAAP</U>&#148; shall mean United States generally
accepted accounting principles applied on a consistent basis. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Governmental Approval</U>&#148; shall mean any permit, license, franchise, approval, consent, waiver, certification, qualification or other authorization issued, granted, given or otherwise made available by or under the authority
of any Governmental Authority or pursuant to any Applicable Law. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Governmental Authority</U>&#148; shall mean any federal, state, local or foreign government or 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. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;12 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Guarantee</U>&#148; by any Person shall mean any obligation, contingent or otherwise, of such Person directly or
indirectly guaranteeing any Indebtedness or other obligation of any other Person or in any manner, providing for the payment of any Indebtedness or other obligation of any other Person or otherwise protecting the holder of such Indebtedness or other
obligation against loss (whether arising by virtue of partnership arrangements, by obtaining letters of credit, by agreement to keep-well, to purchase assets, goods, securities or services, or to take-or-pay or otherwise), provided that the term
&#147;Guarantee&#148; shall not include endorsements for collection or deposit in the ordinary course of business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Hazardous Substances</U>&#148; shall mean, collectively, any substance which is identified and regulated (or the cleanup of which can be required) under any
Environmental Law, and, in addition, any substance which requires special handling, storage or disposal procedures or whose use, handling, storage or disposal of which is in any way regulated, whether now or in the future, in any case under any
Applicable Law for the protection of health, safety and the environment. Without limiting the generality of the foregoing, Hazardous Substances shall include (a) &#147;hazardous wastes,&#148; &#147;hazardous substances,&#148; &#147;toxic
substances,&#148; &#147;pollutants,&#148; or &#147;contaminants&#148; or other similar identified designations in, or otherwise subject to regulation under, any Environmental Law; and (b) petroleum, refined petroleum products and fractions or
by-products thereof, in each case whether in their virgin, used or waste state. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>HIPAA</U>&#148; shall mean the Health Insurance Portability and Accountability Act of 1996. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>HSR Act</U>&#148; shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Incidental Cash</U>&#148; shall mean (a) petty cash, (b) refining, retail outlets and transportation (&#147;RMT&#148;) working funds, (c) depository account
balances for the RMT business (automated clearinghouse transmissions submitted on the most recent banking day in the applicable jurisdiction immediately preceding the Closing Date or later will be for the account of the Company and its
subsidiaries), (d) funds in transit relating to retail outlet deposits, and (e) uncollected funds in lockboxes and lockbox bank accounts for the RMT business (automated clearinghouse transmissions submitted on the most recent banking day in the
applicable jurisdiction immediately preceding the Closing Date or later will be for the account of the Company and its subsidiaries). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Indebtedness</U>&#148; of any person shall mean, without duplication, (a) all obligations of such person for borrowed money or with respect to deposits or
advances of any kind, (b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person upon which interest charges are customarily paid, (d) all obligations of such person under
conditional sale or other title retention agreements relating to property or assets purchased by such person, (e) all obligations of such person issued or assumed as the deferred purchase price of property or services (excluding trade accounts
payable, trade advertising and accrued obligations), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by
such person, whether or not the obligations secured thereby have been assumed, (g) all Guarantees by such person of Indebtedness of others, (h) all Capital Lease obligations of such person, (i) all </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;13 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">obligations of such person in respect of interest rate protection agreements, foreign currency exchange agreements or other interest or exchange rate hedging
arrangements and (j) all obligations of such person as an account party in respect of letters of credit and bankers&#146; acceptances. The Indebtedness of any person shall include the Indebtedness of any partnership in which such person is a general
partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such person in respect thereof. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Indemnified Party</U>&#148; shall have the meaning set forth in Section 9.6(a) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Indemnifying Party</U>&#148; shall have the meaning set forth in
Section 9.6(b) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Indemnity Agreement</U>&#148; shall mean the Insurance Indemnity Agreement in substantially the form attached as Exhibit T to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Individual Threshold Amount</U>&#148; shall mean, with respect to (a) each
Environmental Loss related to Environmental Contamination associated with a Marathon Refinery or an Ashland Refinery, $1,000,000, (b) all Environmental Losses related to Environmental Contamination associated with any individual retail gasoline
service station included in the Transferred Assets, $100,000, (c) each Environmental Loss related to Environmental Contamination associated with a pipeline, pipeline station or pipeline-related facility (other than a pipeline terminal) included in
the Transferred Assets, $100,000; provided, however, that such amount shall be reduced to zero for purposes of each of Section 9.1(c)(ii) and Section 9.2(c)(ii) of the Asset Transfer and Contribution Agreement once the aggregate amount of
Environmental Losses borne by the Company under each such section with respect to Environmental Contamination associated with pipelines, pipeline stations or pipeline-related facilities (other than pipeline terminals) as a result of application of
the Individual Threshold Amount equals $5,000,000, (d) each Environmental Loss related to Environmental Contamination associated with a particular terminal (including a pipeline terminal) included in the Transferred Assets, $100,000, (e) each
Environmental Loss related to Environmental Contamination associated with any other property included in the Transferred Assets, $100,000 and (f) each Environmental Violation (including a series of Environmental Violations arising from the same
event, condition or set of circumstances), $100,000. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Initial
Term</U>&#148; shall have the meaning set forth in Section 2.03 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Intellectual Property</U>&#148; shall mean patents, patent applications (filed, unfiled or being prepared), records of invention, invention disclosures, trademarks (registered or unregistered), trademark applications (filed,
unfiled or being prepared), trade names, copyrights (registered or unregistered), copyright applications (filed, unfiled or being prepared), service marks (registered or unregistered), service mark registrations, service mark applications (filed,
unfiled or being prepared), all together with the goodwill associated with such marks or names, trade secrets, shop and royalty rights, technology, inventions, knowhow, processes and confidential and proprietary information, including any being
developed (including but not limited to designs, manufacturing data, design data, test data, </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;14 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">operational data, and formulae), whether or not recorded in tangible form through drawings, software, reports, manuals or other tangible expressions, whether
or not subject to statutory registration, whether foreign or domestic, and all rights to any of the foregoing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Joint Defense Agreement</U>&#148; shall mean the Joint Defense Agreement in substantially the form attached as Exhibit N to the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Knowledge</U>&#148; shall mean (a) with respect to an individual, the actual
knowledge of a particular fact or (b) with respect to a Person other than an individual, actual knowledge of a particular fact by an executive officer, division manager, refinery manager or terminal manager or by any individual serving in a similar
capacity of such Person or individuals directly reporting to such individuals. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Liabilities</U>&#148; shall mean obligations, responsibilities and liabilities (whether based in common law or statute or arising under written contract or otherwise, known or unknown, fixed or contingent, real or potential,
tangible or intangible, now existing or hereafter arising). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Lien</U>&#148; shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale
agreement, capital lease or title retention agreement relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>LLC Agreement</U>&#148; shall mean the Limited Liability Company Agreement of the
Company in substantially the form attached as Exhibit A to the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Loaned Employees</U>&#148; shall have the meaning set forth in Section 10.1(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Loss</U>&#148; shall mean any loss, cost, Liability or expense, settlement, damage of any kind, judgment, obligation, charge, fee,
fine, penalty, court cost and/or attorneys&#146; and administrative fee or disbursement (at all levels, including appellate), but excluding a party&#146;s indirect corporate and administrative overhead costs. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Lowest Remediation Cost</U>&#148; shall mean the lowest overall obtainable cost to
effect Remediation Activities or a correction of an Environmental Violation, as the case may be, taking into consideration the applicable Environmental Requirements or standards under applicable Environmental Laws, the nature and quantity of any
Hazardous Substances being remediated, the location of any Environmental Contamination, the potential effect of any Environmental Contamination on health and safety, the difficulty of effecting the Remediation Activities, the expected duration of
the Remediation Activities, the enforcement policies of the Governmental Authorities responsible for enforcing the applicable Environmental Requirements and Environmental Laws (subject to Section 9.8(h) of the Asset Transfer and Contribution
Agreement), the reputation of the contractors available to effect the Remediation Activities and any potentially adverse effect on the operation of the Company&#146;s Business as a result of the Remediation Activities. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;15 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Major Unit</U>&#148; of a refinery shall mean a crude unit, a catalytic cracker, a reformer, a wastewater
treatment plant and a desulfurization unit. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon</U>&#148; shall
mean Marathon Oil Company, an Ohio corporation, or its successor. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Asset Leases</U>&#148; shall have the meaning set forth in Section 2.1(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Asset Transfer and Contribution Agreement Disclosure Letter</U>&#148; shall mean the letter from Marathon to Ashland and the Company dated the date of
and relating to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Assumed Liabilities</U>&#148; shall have the meaning set forth in Section 2.3 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Audited Financial Statements</U>&#148; shall have the meaning set forth in Section 3.6 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Benefit Plan</U>&#148; shall mean every Employee Benefit Plan sponsored,
maintained, or contributed to, or required to be contributed to, by Marathon, or any ERISA Affiliate of Marathon, for the benefit of current or former employees of Marathon&#146;s Business in the United States. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Commercial Affiliates</U>&#148; shall have the meaning set forth in Section
3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Consent
Decrees</U>&#148; shall mean any consent decrees, consent orders, agreed orders, notices of violation, judgments, decrees or similar orders or obligations entered into prior to the Closing Date or relating to any investigations of which Marathon had
received notice from the appropriate Governmental Authority prior to the Closing Date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Contracts</U>&#148; shall have the meaning set forth in Section 2.1(o) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Designated Sublease Agreements</U>&#148; shall mean the Marathon Sublease Agreements in substantially the forms attached as Exhibit E to the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Designated UST
Environmental Contamination</U>&#148; shall mean any Environmental Contamination associated with, or discovered as part of, Marathon&#146;s 1998 underground storage tank upgrade program at the Marathon Service Stations set forth on Schedule 9.1(c)
to the Marathon Asset Transfer and Contribution Agreement Disclosure Letter under the heading &#147;Marathon Designated UST Environmental Contamination.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Environmental Loss</U>&#148; shall mean any Environmental Loss to the extent arising out of, based on, or occurring in connection with
Marathon&#146;s Business prior to Closing or related to the </FONT>
</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;16 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px">
<FONT FACE="Times New Roman" SIZE="2">ownership, use, operation or maintenance of, or related to the reporting practices associated with, the Marathon Transferred Assets prior to Closing, whether
or not Asserted prior to Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Equity Crude
Payables</U>&#148; shall mean the amount owed for receipts by Marathon&#146;s Business of (i) Marathon and its Affiliates&#146; equity crude oil with payment on the 20th day of the month following receipt and (ii) Marathon and its Affiliates&#146;
equity natural gas liquids with payment on the 10th day following receipt. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Excluded Assets</U>&#148; shall have the meaning set forth in Section 2.2 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Excluded Liabilities</U>&#148; shall have the meaning set forth in Section 2.4 of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Excluded Taxes</U>&#148; shall have the meaning set forth in Section 2.3(i)
of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Financial
Statements</U>&#148; shall have the meaning set forth in Section 3.6 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon General Assignment and Assumption Agreement</U>&#148; shall mean the General Assignment and Assumption Agreement in substantially the form attached as Exhibit B to the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Group</U>&#148; shall have the meaning set forth
in the Restated Certificate of Incorporation of USX dated September 1, 1996. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Group Stock</U>&#148; shall mean the USX-Marathon Group Common Stock, par value $1.00 per share, of USX. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Indemnified Persons</U>&#148; shall mean Marathon and its Affiliates and their respective employees, officers and directors. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Information Package</U>&#148; shall have the meaning set forth in Section
3.8 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Intellectual Property
License Agreement</U>&#148; shall mean the Intellectual Property License Agreement in substantially the form attached as Exhibit C-1 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Joint Contracts</U>&#148; shall have the meaning set forth in Section 2.6(b) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;17 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Joint Permits</U>&#148; shall have the meaning set forth in Section 2.6(c) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Lease Agreements</U>&#148; shall
mean the Lease Agreements in substantially the forms attached as Exhibit D to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Master Formation Agreement Disclosure Letter</U>&#148; shall mean the letter from Marathon to Ashland dated the date of and relating to the Master
Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Material Contracts</U>&#148; shall have
the meaning set forth in Section 5.9 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Material Permits</U>&#148; shall have the meaning set forth in Section 5.3 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Ongoing Remediation</U>&#148; shall mean, with respect to any Marathon Environmental Loss, Remediation Activities that either were commenced prior to
Closing or relate to any investigation of which Marathon had received notice from the appropriate Governmental Authority prior to Closing. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Other Sublease Agreement</U>&#148; shall mean the Marathon Sublease Agreement in substantially the form attached as Exhibit F to the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Other Real Property Rights</U>&#148;
shall have the meaning set forth in Section 2.1(h) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Permits</U>&#148; shall have the meaning set forth in Section 2.1(p) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pension Transfer Date</U>&#148; shall have the meaning set forth in Section 10.5(a) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Personal Property Leases</U>&#148; shall have the
meaning set forth in Section 2.1(j) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Personal Property Owned</U>&#148; shall have the meaning set forth in Section 2.1(i) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pipelines</U>&#148; shall have the meaning set forth in Section 2.1(c) of the Asset Transfer and Contribution Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pipe Line</U>&#148; shall mean Marathon Pipe Line Company.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;18 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Pipe Line Operating Agreement</U>&#148; shall mean the Marathon Pipe Line Operating Agreement in
substantially the form attached as Exhibit G to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Proprietary Rights</U>&#148; shall have the meaning set forth in Section 5.10(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Quitclaim Deeds</U>&#148; shall mean the Quitclaim Deeds in substantially the forms attached as Exhibit A to the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Real Property
Leases</U>&#148; shall have the meaning set forth in Section 2.1(f) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Real Property Leased</U>&#148; shall have the meaning set forth in Section 2.1(f) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Real Property Owned</U>&#148; shall have the meaning set forth in Section
2.1(e) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Records</U>&#148; shall have the meaning set forth in Section 2.1(s) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Refineries</U>&#148; shall have the meaning set forth in Section 2.1(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Restricted Asset</U>&#148; shall have the meaning set forth in Section
2.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Restricted Liability</U>&#148; shall have the meaning set forth in Section 2.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Restriction</U>&#148; shall have the meaning set forth in Section 2.6(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Retirement Plan</U>&#148; shall have the meaning set forth in Section 10.5
of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon September
30, 1997 Balance Sheet</U>&#148; shall mean the unaudited balance sheet of the Marathon Group appearing in the Marathon September 30, 1997 Financial Statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon September 30, 1997 Financial Statements</U>&#148; shall have the meaning set forth in Section 3.6 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;19 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Service Stations</U>&#148; shall have the meaning set forth in Section 2.1(d) of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Shut-Down Refinery Assets</U>&#148;
shall mean those portions of shut down refineries of Marathon that are operating as terminals and are being leased to the Company pursuant to the Marathon Lease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Sublease Agreements</U>&#148; shall mean the Marathon Designated Sublease Agreements and the Marathon Other Sublease
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Subsidiaries</U>&#148; shall have the meaning set
forth in Section 3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon
Subsidiaries Interests</U>&#148; shall have the meaning set forth in Section 3.10 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Terminals</U>&#148; shall have the meaning set forth in Section 2.1(b) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Thrift Plan</U>&#148; shall have the meaning set forth in Section 10.10 of
the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Trademark
License Agreement</U>&#148; shall mean the Marathon Trademark License Agreement in substantially the form attached as Exhibit C-2 to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferred Assets</U>&#148; shall have the meaning set forth in Section 2.1 of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferred Employees</U>&#148; shall have the
meaning set forth in Section 10.1(c) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Marathon Transferred Real Property</U>&#148; shall mean, collectively, the Marathon Real Property Owned and the Marathon Real Property Leased. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferring Affiliate Interests</U>&#148; shall have the meaning set forth in Section 3.11 of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferring Affiliates</U>&#148; shall have the meaning set forth in
Section 3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Transferring
Entities</U>&#148; shall have the meaning set forth in Section 3.1 of the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;20 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon Working Capital Shortfall</U>&#148; shall have the meaning set forth in Section 4.3(g) of the Asset
Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Marathon&#146;s
Business</U>&#148; shall mean that portion of Marathon&#146;s business, tangible assets, intangible assets, rights, contracts, permits, licenses and other rights which comprise Marathon&#146;s petroleum supply, refining, marketing and transportation
business (excluding the Marathon Excluded Assets and the Marathon Excluded Liabilities). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Marathon&#146;s Target Capital Expenditures</U>&#148; shall have the meaning set forth in Section 4.4(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Master Formation Agreement</U>&#148; shall mean the Master Formation Agreement,
dated as of December 12, 1997, between Marathon and Ashland, including any appendices and exhibits to the Master Formation Agreement and the schedules to the Master Formation Agreement Disclosure Letters. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Material Adverse Effect</U>&#148; shall mean an effect on the business, operations,
assets, liabilities, results of operations, cash flows, condition (financial or otherwise) or prospects of Marathon&#146;s Business, Ashland&#146;s Business or the Company&#146;s Business which results in a Loss of $2,000,000 or more, or, if such
Loss is not susceptible to being measured in monetary terms, is otherwise materially adverse to Marathon&#146;s Business, Ashland&#146;s Business or the Company&#146;s Business, as the case may be; provided that any such effect relating to or
resulting from any change in the price of petroleum or petroleum byproducts, general economic conditions or local, regional, national or international industry conditions (including changes in financial or market conditions) shall be deemed not to
constitute a Material Adverse Effect. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Members</U>&#148; shall mean
Marathon and Ashland and any persons hereafter admitted as additional or substitute members of the Company pursuant to the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Membership Interest</U>&#148; shall mean, with respect to any Member at any time, the limited liability company interest of such Member in the Company at such
time, including the right of such Member to any and all benefits to which a Member may be entitled as provided in the LLC Agreement, together with the obligations of such Member to comply with all the terms and provisions of the LLC Agreement.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Merrill Lynch Master Lease Program</U>&#148; shall mean The Bluegrass
Funding, Inc. Master Lease Program and The Fayette Funding Limited Partnership Master Lease Program, collectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Mutualized Formation Costs</U>&#148; shall have the meaning set forth in Section 9.2(c) of the Master Formation Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>New RCRA Environmental Loss</U>&#148; shall mean an Environmental Loss arising from
any new application after the Closing of the corrective action requirements of Section 3004(u) and (v) of RCRA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;21 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Non-Retail DB Plan</U>&#148; shall have the meaning set forth in Section 10.5 of the Asset Transfer and
Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Northwestern Refinery Pension Plan</U>&#148;
shall have the meaning set forth in Section 10.8 of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Notice of Capital Expenditure Disagreement</U>&#148; shall have the meaning set forth in Section 4.4(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Notice of Working Capital Disagreement</U>&#148; shall have the meaning set forth in
Section 4.3(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>OCAW</U>&#148; shall mean Oil, Chemical &amp; Atomic Workers International Union. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Offering Memorandum</U>&#148; shall have the meaning set forth in Section 10.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Offer Notice</U>&#148; shall have the meaning set forth in Section 10.04(a) of the LLC Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Opening Balance Sheet</U>&#148; shall have the meaning set forth in Section 4.3(b)
of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Parent
Agreement</U>&#148; shall mean the Parent Agreement, dated as of December 12, 1997, among USX, Marathon and Ashland, including any exhibit to the Parent Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Parent Agreement Disclosure Letter</U>&#148; shall mean the letter from USX to Ashland dated the date of and relating to the Parent
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>PBGC</U>&#148; shall mean the Pension Benefit Guaranty
Corporation. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>PBO</U>&#148; shall have the meaning set forth in
Section 10.5(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Pension Benefit Plan</U>&#148; shall mean every benefit plan subject to Title IV of ERISA or the minimum funding requirements of Section 302 of ERISA. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Percentage Interest</U>&#148; shall have the meaning set forth in Section 3.01 of the LLC Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permian Plans</U>&#148; shall have the meaning set forth in Section 10.12 of the
Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permits</U>&#148; shall
mean licenses, permits, registrations, approvals and franchises issued by any Governmental Authority. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;22 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Permitted Encumbrances</U>&#148; shall mean (a) Liens for current taxes, assessments, governmental charges or
levies not yet due; (b) workers&#146; or unemployment compensation Liens arising in the ordinary course of business; (c) mechanic&#146;s, materialman&#146;s, supplier&#146;s, vendor&#146;s, garnishment or similar Liens arising in the ordinary course
of business for amounts not yet due; (d) security interests, pledges, Liens or other charges or encumbrances as may have arisen in the ordinary course of business, none of which individually or in the aggregate are material to the ownership, use or
operation of the Marathon Transferred Assets or the Ashland Transferred Assets, as the case may be; (e) any state of facts which an accurate survey would show which does not materially detract from the value of or materially interfere with the use
and operation of the Marathon Transferred Assets or the Ashland Transferred Assets, as the case may be; (f) any Liens, easements, rights-of-way, restrictions, rights, leases and other encumbrances affecting title thereto, whether or not of record,
which do not materially detract from the value of or materially interfere with the use and operation of the Marathon Transferred Assets or the Ashland Transferred Assets, as the case may be; (g) legal highways, zoning and building laws, ordinances
or regulations; (h) any liens for real estate Taxes which are not yet due and payable; and (i) except with respect to Permitted Encumbrances on the Marathon Refineries or the Ashland Refineries, Liens, if any, that do not have or would not
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect on Marathon&#146;s Business or Ashland&#146;s Business, as the case may be. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Person</U>&#148; or &#147;<U>person</U>&#148; shall mean any natural person, trust, estate, unincorporated organization, firm,
corporation, association, partnership, joint venture, joint stock company, limited liability company or Governmental Authority, whether acting in an individual, fiduciary or other capacity. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Personal Property</U>&#148; shall mean machinery and equipment, including tanks,
pumps and other containers; furniture and fixtures; tools; leasehold improvements; vessels, barges and other marine transportation equipment; railcars, trucks and automobiles; computing and telecommunications equipment; and other items of tangible
personal property (and interests in any of the foregoing). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>PMRP</U>&#148; shall have the meaning set forth in Section 10.06(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Pre-Closing Tax Period</U>&#148; shall mean any Tax period (or portion thereof) ending on or before the close of business on the Closing Date. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Prime Rate</U>&#148; shall mean the prime rate per annum established by Citibank,
N.A. or if Citibank, N.A. no longer establishes a prime rate for any reason, the prime rate per annum established by the largest U.S. bank measured by deposits from time to time as its base rate on corporate loans, automatically fluctuating upward
or downward with each announcement of such prime rate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Procedures for
Dispute Resolution</U>&#148; shall mean the Procedures for Dispute Resolution in substantially the form attached as Appendix B to the Asset Transfer and Contribution Agreement, Appendix B to the Master Formation Agreement and Appendix B to the LLC
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;23 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Put/Call, Registration Rights and Standstill Agreement</U>&#148; shall mean the Put/Call, Registration Rights
and Standstill Agreement in substantially the form attached as Exhibit B to the Master Formation Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Put/Call, Registration Rights and Standstill Agreement Disclosure Letters</U>&#148; shall mean the letters from USX, Marathon and Ashland, respectively, dated the date of and relating to the Put/Call,
Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>RCRA</U>&#148; shall
mean the Resource Conservation and Recovery Act of 1976, as amended. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Reasonable Requested Action</U>&#148; shall have the meaning set forth in Section 7.2(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Registration Statement</U>&#148; shall have the meaning set forth in Section 10.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Relevant Accounting Factors</U>&#148; shall mean (a) GAAP, (b) any pending Financial
Accounting Standards Board exposure drafts or Emerging Issue Task Force minutes, (c) any relevant official pronouncement, release or staff accounting bulletin issued by the Commission, (d) any formal advice or statement by the Commission that it
questions the ability of the parties to treat the transactions contemplated by this Agreement as a purchase by Marathon of Ashland&#146;s Business for accounting purposes or the ability of Marathon to consolidate the Company&#146;s Business in its
financial statements or (e) if any other person has received formal advice, comment letter or a statement from the Commission that it questions the ability of such person to use purchase or consolidation accounting with respect to a similar
transaction and such formal advice or statement leads Price Waterhouse to believe that the ability of Marathon and Ashland to treat the transactions contemplated by the Asset Transfer and Contribution Agreement as a purchase by Marathon of
Ashland&#146;s Business for accounting purposes or the ability of Marathon to consolidate the Company&#146;s Business in its financial statements may be questioned or impaired. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Remediation Activities</U>&#148; shall mean any testing, investigation, assessment, cleanup, removal, response, remediation or
other similar activities undertaken in connection with any Environmental Loss. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Representative</U>&#148; shall have the meaning set forth in Section 8.01 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Requested Action</U>&#148; shall have the meaning set forth in Section 7.2(g) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Retirement Pension Transfer Date</U>&#148; shall have the meaning set forth in
Section 10.7(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;24 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Revolving Credit Agreement</U>&#148; shall mean the Revolving Credit Agreement among Marathon, Ashland and the
Company in substantially the form attached as Exhibit V to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Securities Act</U>&#148; shall have the meaning set forth in Section 1.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Shared Services Agreement</U>&#148; shall mean the Shared Services Agreement in substantially the form attached as Exhibit U to the
Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Environmental
Projects</U>&#148; shall mean the projects listed on Schedule 7.2(k) to the Ashland Asset Transfer and Contribution Agreement Disclosure Letter. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Price</U>&#148; shall have the meaning set forth in Section 2.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Special Termination Right</U>&#148; shall have the meaning set forth in Section
2.01 of the Put/Call, Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">&#147;<U>Sublease Agreements</U>&#148; shall mean the Marathon Sublease Agreements and the Ashland Sublease Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>subsidiary</U>&#148; shall mean, with respect to any person (herein referred to as the &#147;<U>parent</U>&#148;), any corporation, partnership, limited
liability company, association or other business entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partner interests
are, at the time any determination is being made, owned, controlled or held, or (b) that is, at the time any determination is made, otherwise controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more
subsidiaries of the parent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>SuperAmerica</U>&#148; shall mean the
SuperAmerica division of Ashland. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax</U>&#148; shall mean any and
all national, federal, state, provincial or local income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding,
social security (or similar), unemployment, disability, assets, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on, minimum, estimated or other tax of any kind whatsoever, including any interest,
penalty or addition thereto, whether disputed or not. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Tax
Benefit</U>&#148; shall mean the amount of the reduction in an indemnified party&#146;s liability for Taxes (including reductions in Taxes attributable, in whole or in part, to positive basis adjustments) realized as a result of the payment or
accrual of any loss, expense or Tax. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;25 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Teamster Member Employees</U>&#148; shall have the meaning set forth in Section 10.9(a) of the Asset Transfer
and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Teamsters Pension Fund</U>&#148; shall
have the meaning set forth in Section 10.9(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>Term of the Company</U>&#148; shall have the meaning set forth in Section 2.03 of the LLC Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Termination Event</U>&#148; shall mean, with respect to any Environmental Requirement (or discrete portion thereof) relating to Environmental Contamination, the
earlier to occur of (a) the receipt by the Company, Marathon or Ashland, as applicable, of a no further action letter, or the substantial equivalent thereof, from the appropriate Governmental Authority or (b) the fifth anniversary date of the
completion of Remediation Activities (which, for purposes of this definition, shall not include groundwater monitoring) undertaken as a result of or in connection with such Environmental Requirement (or discrete portion thereof) if during such
five-year period no new Environmental Requirement relating to such Environmental Contamination (or discrete portion thereof) has been issued by an appropriate Governmental Authority. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Third Party Claim</U>&#148; shall mean a Claim that is not a Claim by Marathon, USX, Ashland, the Company or any of their
Affiliates for its own Losses. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Throughput and Deficiency
Agreements</U>&#148; shall mean (i) the First Stage Throughput and Deficiency Agreement dated as of December 1, 1977, as amended by the First Amendment dated as of March 27, 1986, the Second Amendment dated as of January 1, 1989 and the Third
Amendment dated as of September 11, 1991, among Ashland Inc. (formerly Ashland Oil, Inc.), Marathon Oil Company, Murphy Oil Corporation, Shell Oil Company, Texaco Inc. and LOOP LLC (formerly LOOP Inc.), (ii) the Initial Facility Throughput and
Deficiency Agreement dated as of March 1, 1979, as amended by the First Amendment dated as of January 1, 1989, among Ashland Inc. (formerly Ashland Oil Inc.), Marathon Oil Company, Texaco Inc., Shell Oil Company and LOCAP Inc., and (iii) the
Adjustment Agreement dated March 1, 1979, as amended by the First Amendment dated as of January 1, 1989, among Ashland Inc. (formerly Ashland Oil Inc.), Marathon Oil Company, Texaco Inc., Shell Oil Company and LOCAP Inc. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transaction</U>&#148; shall mean the collective transactions contemplated by the
Transaction Documents. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transaction Documents</U>&#148; shall mean the
Conveyance Documents, the Master Formation Agreement, the Parent Agreement, the Put/Call, Registration Rights and Standstill Agreement, the LLC Agreement, the Indemnity Agreement and the Joint Defense Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transfer</U>&#148; shall mean any sale, exchange, transfer, assignment, pledge,
hypothecation or other disposition, whether by merger or otherwise. When used as a verb, the term &#147;Transfer&#148; shall have a correlative meaning. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A-26 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transfer Taxes</U>&#148; shall have the meaning set forth in Section 7.4 of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Transferred Assets</U>&#148; shall mean, with respect to
Marathon and Ashland, the Marathon Transferred Assets and the Ashland Transferred Assets, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">&#147;<U>True Insurance Policy</U>&#148; shall mean any insurance policy other than an insurance policy which is a captive insurance policy, a fronting insurance policy or an insurance policy for which the insured
party is required to indemnify the insurer. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>USX</U>&#148; shall mean
USX Corporation, a Delaware corporation, any successor ultimate parent corporation of Marathon or, in the event Marathon is not a subsidiary of any other person, Marathon. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Valvoline Lube Oil Supply Agreement</U>&#148; shall mean the Valvoline Lube Oil Supply Agreement substantially in the form of
Exhibit O to the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Wholly
Owned Subsidiary</U>&#148; shall mean, with respect to any person (herein referred to as the &#147;<U>parent</U>&#148;), any corporation, partnership, limited liability company, association or other business entity (a) of which securities or other
ownership interests representing 100% of the equity or 100% of the ordinary voting power or 100% of the general partner interests are, at the time any determination is being made, owned, controlled or held, or (b) that is, at the time any
determination is made, otherwise controlled, entirely by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Working Capital Accounting Firm</U>&#148; shall have the meaning set forth in Section 4.3(e) of the Asset Transfer and Contribution
Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;<U>Working Capital Deficiency Materiality Threshold</U>&#148;
shall have the meaning set forth in Section 4.3(d) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">A&#150;27 </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 1.03(c)<B></B> </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">USX Conflicts </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">For the purposes of the Closing Date for the formation of the joint venture: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">None </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 1.03(c) </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Conflicts </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">For the purposes of the Closing Date for the formation of the joint venture: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Those Governmental Approvals listed on <U>Schedule 5.3</U> to the Asset Transfer and Contribution Agreement. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Those consents required for the contracts listed on <U>Schedule 5.9</U> to the Asset Transfer and Contribution Agreement. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL, REGISTRATION RIGHTS AND STANDSTILL </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 1.03(c) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>NO CONFLICTS </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">See Schedule 4.3 to the Master Formation Agreement for a listing of governmental approvals
and consents required. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 1.03(d) </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">USX Consents </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">For the purposes of the Closing Date for the formation of the joint venture: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">None </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 1.03(d) </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Consents </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">For the purposes of the Closing Date for the formation of the joint venture: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Those Governmental Approvals listed on <U>Schedule 5.3</U> to the Asset Transfer and Contribution Agreement. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Those consents required for the contracts listed on <U>Schedule 5.9</U> to the Asset Transfer and Contribution Agreement. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL, REGISTRATION RIGHTS AND STANDSTILL </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 1.03(d) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>NO CONSENTS </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">See Schedule 4.4 to the Master Formation Agreement for a listing of governmental approvals
and consents required. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>Schedule 14.01(a) </U></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Business Activities of Marathon and USX that are not Subject to Article XIV </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">None of the following is a Competitive Business: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">With respect to Marathon&#146;s equity interests in the following companies: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Arctic LNG Transportation Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Badger
Pipe Line Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Colonial Pipeline Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
FACE="Times New Roman" SIZE="2">Eagle Sun Company Limited </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Explorer Pipeline Company </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Inventory Management and Distribution Company, L.L. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman"
SIZE="2">Kenai LNG Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Polar LNG Shipping Corporation </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
FACE="Times New Roman" SIZE="2">The Pecos Carbon Dioxide Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">West Shore Pipe Line Company </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Wolverine Pipe Line Company </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">the following activities: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">acquisition of additional equity interests, the sale or exchange of any currently held or after-acquired equity interests, or participation in any merger,
consolidation, combination, conversion, liquidation, transfer of assets or other reorganization involving any such equity interests; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">exercise of voting rights, or participation in the management, via representation on the board of directors or comparable management body; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">receipt of dividends or other participation in income or losses. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">With respect to the following assets and companies: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2"><U>Assets</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">East Cameron Block 338 to
Block 321 8&#148; Crude </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">East Cameron Block 321 to Vermilion Block 265 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Eugene Island 8&#148; Crude </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Eugene Island
Pipeline </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">South Pass West Delta 12&#148; Crude </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
FACE="Times New Roman" SIZE="2">South Marsh Island #155 System </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Vermilion 8&#148; Crude </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2"><U>Companies</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman"
SIZE="2">Manta Ray Offshore Gathering Company, L.L.C. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Nautilus Pipeline Company, L.L.C. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Neptune Pipeline Company, L.L.C. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Ocean
Breeze Pipeline Company, L.L.C. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Odyssey Pipeline L.L.C. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT
FACE="Times New Roman" SIZE="2">Poseidon Oil Pipeline, L.L.C. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">In the case of the above or any other offshore pipelines, any offshore pipeline activity whatsoever, including but not limited to the unrestricted right to participate in future projects. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">With respect to the Yates gathering pipeline in West Texas the following activities: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">the sale or exchange of the equity interest and/or the expansion of the pipelines necessary to serve Marathon&#146;s
upstream business. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>



<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PUT/CALL, REGISTRATION RIGHTS AND STANDSTILL </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AGREEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SCHEDULE 14.01(a) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>COMPETITIVE BUSINESSES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. The &#147;Valvoline Business&#148; as defined in Section 14.03(h) of the Put/Call,
Registration Rights and Standstill Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">2. Any activity whatsoever
related to the parents, copyrights, know-how and related information set forth on Schedule 3.2(l) of the Asset Transfer and Contribution Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. The marketing of petrochemicals by Ashland or an of its affiliates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. The ownership, operation and use of the service stations and bulk plants set forth on Schedule 3.2(a) of the Asset Transfer and Contribution Agreement. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>


</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g13895exhibit_a.jpg
<DESCRIPTION>GRAPHIC TO EXHIBIT 10
<TEXT>
begin 644 g13895exhibit_a.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`)D%D
M;V)E`&3``````0,`%00#!@H-```I\```8^8``)D4``#/SO_;`(0`!@0$!`4$
M!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,#`P,#`P0#`X/$`\.#!,3%!03$QP;
M&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?_\(`$0@"O@&]`P$1
M``(1`0,1`?_$`.X``0$!`0$!`0$````````````%!`,&`@$'`0$!`0$`````
M`````````````@$#$``!!``%`P(%`P4``P$!```#``$"!!$S%#0%$A,U$!4@
M0%`A,C`B)8"0,2,D8'!$H`81``$"`@,+!@H(!0$'!0$```$1`@`#(3$2$$%1
M<;$B,K(3<P1AD9+2,[.!H<'1X4)2<I/#($!B@B/3%#0P4/!#4Z+QPN)CHR0%
M@^-D=!54$@$```````````````````#`$P$``0,"!0('`0$!`0$````!$0`A
M,4%1$"!0\&%QD3"!H;'!X?%`T7!@@/_:``P#`0`"$0,1```!_J@`````!Y4U
M@&4O'`^SF4S@9P#0=P```````````````````"`6SY.QY\H&(ND\H$\H`$\H
M````````````````````$`J&0I$,H&0V$X]`3S>?!T)Y0```````````````
M`````(!5(A>(Q0,A..YZ4GFHG%<GE````````````````````&2YD3M?-FE8
MC%`_"6:2X3SN9RB3R@```````````````````#/4R)JF8RJ0B@8CX.A<)YU.
M10)Y0```````````````````!GJ9$U3.90//E`XFTP%@GE``GE``````````
M``````````&>ID35\`\^;S&6#`5">:P#(4````````````````````9ZF3-?
MA\;GWF_19.)GJ=,UI/PS&>IT36D_0```````````````````9ZG1-#EN?&X`
M/P_0`?>;US0```````````````````!GJ8DU\'Z=CY+)P`-YS,@!K.A@`.YH
M,IR!]&T``````````````&>ID35(^3>>?*!G*QA*!/*`!/*!@-X,!O,!V-)@
M-X``````````````,]3(FK!R-)"*!F*QB*!/*!.*)/*!@)AZ(P&\EF,K&4J`
M``````````````SU,B:J$<LDDH'`K&`H$\GG0N$\H&`G'H#`;R<?)D-!6```
M```````````!AZ1+BK&;)+9$*!\F\Q%`GG0F%\GE`P&4LF`WDTFG$HED````
M``````````&>ID350EE@C%`SE0QE`GDDTETGE`P`WF`WDPXG8%,`````````
M`````&>ID350FEP@%`&\P%`GFXGE(GE`P$@],8#>3S*4#,4P````````````
M``9ZF1-;C0:3SY0,18,A0)Y0`)Y0,!M/HP&\FG4VF`W@``````````````SU
M,*:_`SNWD6S@<JGK-4#F8SC4]IK8="><:GM-=S29#D<:G3-;0```````````
M```9ZG1-#/4@`<]=,`#GKI@`<]=,``=,WIF@``````````````9ZGG-<P#J:
MP````````````````````````9ZF%-50"653\!Q*QE.(!U-9).P/TWDX_0<R
MH``````````````#/4R)KJ6@>?*!V.ID*!/*`!/*!@-Q^F`WF`TG8P&\````
M``````````&>ID36LX%L\^4#*63`4">:#"5B>4#`8BX8#>3S`6C*;P``````
M````````9ZF1-=3Y+AY\H&4L&$H$\[&4J$\H&`FGH3`;S`1BJ=#>````````
M``````##TB7%=<WN5CSY0,I9,!0)YJ.)L)Y0,`-Y@-Y,,QK/HW@`````````
M`````SU,B:ZG<IGGR@?IJ,A0)YV,!9)Y0,!./0&`WD\G%HSF\```````````
M```&>ID36DHG4\^4#D5#`4">;#]/LGE`P'0UF`WDTZFTP&\`````````'X?H
M```!GJ9$U</L'GS<?9^,S-LF(^3\9^M_3<1C2S];\%(EG4_&<&UP````````
M`<CP![@V```&>IP368S7/[C25P9JS3.@#-6:9T`9JS3.@`?AIF@`````````
M.!%*YJ```,]3HF@````````````````````,YV.9Y0](;0``#/4R)H`?1O/P
M'`K&4Y`'4U$H[`_3<3S]!S*9C/@&<K@D&@'V;"8=`?A0!/(I?/,GHS<```9Z
MF1-63\.YY\H&<K$XID\UD\HF,H&`ZGZ<3>8#4?!P-Y//TWDXH@@%\$\H&`W@
MP&\&(A'I3@#8```9ZF1-6#"4"(4#*4"(>E)YH(!>.!0,!/.AL-Y@,`-YO)YB
M+IY,]8#R9ZPD'<H&`Z&LP&\'R936>7/1'<```SU,B:KD0M$@H&`^#]/0D\T$
M0L'(H&`Q'X;C>8#D<#8;R>908STP/-&PSE$H&`P%XP&\&(EE8B%<W@``&'I$
MN*JYLHLD@H&(X'8O$\[$0NF<H&`G'V;C>8#$#:;R>?IB)YZP'DBB=SJ4#`<2
MJ8#>`>#/:D4HE````SU,B:HDXMD,H&(ID0]*3S0>>+YQ*!@)P*)O,!./LW&\
MGD\OGDSUH/)'JSS17*!@.)5,!O!\'BCV9XL]69#\``*0J9$U2,14(I0,16)Q
M8)YV))8,Y0,!B-A^F\P'Z?)^F\GG`K$<L@\D>L/TGE`P&\&`W@'DCU)Y@V&L
MW@`$4KU,B:HGZ;3SYM.VY\F3-M&$^0PWZ-Q&-+#?@IDHZAG!M<G@,QMN`AFQ
MAHH$<T,-Y%4`\4>T(AT-!0)!7`(!7J?/36H`S'J`9ZG1-`#/4Z)H`9ZG1-``
M9ZG1-`#/4Z)H`9ZG1-`#/4Z)H`#P1[0B'Z4R@>5/5`$`KU.B:&>I``Y[G3-`
M'/<Z9H`Y[G3-``Y[G3-`'/<Z9H`Y[G3-`'/6R*`'X>#/<'DRL:R@>9/POG<@
ME>IT30`'R?!DN?O'4_#/K5&]VCF9JGGKH?1S..YVS?TX;FF=^C-6=IWH9]?1
MVQS.-9IG?D_#7-?0`,A-*QX0]$4"@>:/PZ%PC%>IT30`$PT@PE@GG8C%0WD<
MW`S%,@GV=CZ-)B.I^G`TG4'(S&XSDTIGR4P`#Q![$AG<UE`@&<_3T1$*]3HF
M@`)YN)1W*!/-Y#-QO)X.QQ*!#.1M.IJ)QV,IK!^GV<R0>C,1++!\&\``\*>Z
M!(.Y0/)&\UE$\Y4VM:XH`"><3B;"@3S63CN;R>3#]*10(IA-YI)9]E$FE,&<
MSE`\X>R)Y+/0&0W@`'@SU1@/DIE`\^=#N4R$5ZG1-``3S.8BJ4">4"2=S>3R
M44#J4"&93:=C@9BF9S2#$?IL(9ZLGDTLG$W@`S'D#VYXXL&HH$8^S2:R$5ZF
M%-=@#D5#(=3L4">;"<=C>3R>43\*!#/PT'0D'4IF,V@`$L]&3R86#F;P`93&
M4CS91.Y0/&'HR@"`5ZF1-;R@#SY0/HRF@H$\WD,W&\GF<HF8H$(_#4?9\F0W
M'$[@CE`T$`]68C$6#*;P`#S)7/)'H364"`7P"`5ZF1-?IL*1Y\H%`XF4H$\W
MD@TF\GE`$\H$0^C0?1O)X.1V!O!@,I9)Y&+A\F\``\(>T(AV-A0``(!7J9$U
M^GX7SSY4/@Y;G[FTS@8SX-YW)A^;G7-Z&LCGT=3J?!\G<Y'(VF<&@Q'4[&<^
MC[-@`!XH]61S>83]``*)^](EQ7?-^BR>=W+6X,U9IG0``!FK-,Z`````````
M`!\Z[SOWFXSRIZPCE<U@``&>ID36\%`\^4SX/C<_,VH9B<=S6:"4?6Y]YOV;
M2"#05@```````#XW/@[9H\&>T/*'HR@```9ZF1-;@43SY0*`)Y0)YS-AP-Y/
M*`)Y0(II/HW@```````EG0,X-KG@#VYYHO&\```SU,B:HFX'GR@#`;R@3SF;
MC,;R>"@3R@03<?IO```````!@-Q^F4U'A#U1YT]6:```#/4Q)KH`?)1/@S&P
MH$\^#:9C>3SF5">4".:C\-X```````)IC.I^&D@'KCS!>-8``!GJ=$T`!/,1
M\F\H$\YF\RF\GF`OD\H$,H'P;P```````3B,=S853X.IY\WE$```SU.B:``G
MF4U`H$\^#<93>3S$72>4"*:3Z-X```````)9S.!O*`,AY@].:P``#/4Z)H`"
M>4#,<"@3SB4#,;R>4`3R@03[9U;6```````!-)9O/LJ`QDHK&L```SU/Q-<@
M#L9CH=:G&;C"?!]36DW$0W,ZUF$W`YZV10```````$TU'V<#8`````#/4PYJ
MH`2R\9@?1M/PP@&T^C$?(-)V,YP!T-8``````)!W!F+(`````,]3(FKX!Y\H
M'8U$\H$\H`$\H&`W@P&\P&\&`W@``````````````SU,B:[G8I'GR@9"R82@
M3S08RH3R@8#$7#`;S`9BP8#>``````````````#/4R)KL93T9Y\H&4L&$H$\
MT&(JD\H&`QELP&\P'`K&`W@``````````````P](EQ7;-[E4\[N:MSYFK)@*
M!/.QE*A/*!@)IZ$P&\P&0M&`W@``````````````SU,B:[FDWGGS14_4U4,)
M0)YT,I6)Y0,!F+!@-Y@,A:,!O``````````````!GJ9$U>/T'GS14IJD92@3
MSL9BF3R@8">7S`;S`3#T1@-X``````````````,]3(FKX!Y\T5/2:IF`H$\V
M',T$\H&`^S88#>8#N:#`;P``````````````9ZF?-9P#2?'2/J=^-QFTS@9C
MXW/O-T&@F#<^\WH;#"?)TS>F;0``````````````!GJ>LU\@'T?8````````
M````````````````,]3YZ:W@&$M'X#B53,<0#J:B6=0?IN)Y^@^"D8SX!G*X
M)!H!]FP`````````SU,B:OGX?IY\H%`$\H$\W'X?9/*!@-)V,!O,!]FPP&\G
MG<ZF,H`@EX$\H`````````&>ID350GE0C%`YF\R%`GG0Q%DGE`P$D]*8#>8"
M>7S`;R>#H<R@#RQZ0ZD\H`````````&>ID354FF\F%`PEPPE`GFDXFTGE`P'
M(J&`WF`G'H#`;R>?AL,A0!Y4T'HB>4`````````##TB7%4LV87")N:]SO-4"
M>4">:3,4">4#`9BP8#>8#B53`;R>?)T/DH`\L:B^3R@`````````9ZF1-4#B
M4B$:*GE-5S*4">:#&5">4#`82Z8#>8#$7#`;R>?!H.10!Y,LE,GE````````
M``SU,B:KG`U$0T5-*:[$\H$\T'R:B>4#`?!2,!O,!P*Q@-Y//DU&<H`\:>R!
M/*`````````!GJ9$U?`//G2IV31F5MHP'X&&_IO(IJ8;\%,E'4,SML$X_0S&
MVX"&;&&_A1`````````,]3,FN0!V.G;G]8Y[G3-`'/<Z9H`Y[G3-``_-=)`#
M];HG0!^&F:``````````SU.B:```````````````````````````SU,2:_3Y
M.A\GH#X!^G0'(`Z@```````````````````&>ID36L^B@03::082P3SL`<2@
M```````````````````#/4R)K:8S<3R@4`3R@3R@`3R@````````````````
M```#/4R)JJ8C43"@9"P8B@3SN8RJ3R@```````````````````#+<QYVIFXC
M<8-S9FX"Z82@3SH92L3R@````````````````````0"F9"F2ZG1-<2B9"@3S
M09"F3R@````````````````````0#:?!M)]3HFOHW$\H$\U'P:2>4```````
M`````````````"`;CH:B54Z)J@">4">4`">4````````````````````#S)J
M/PT&"II&HXSN9M<QGP`?9L`````````````!_]H`"`$!``$%`OU2UX6.4]EK
M+V6LO9:RJ@B#ECFD-^_:ZN[<4K-B'H<O9!W;B[MQ=VX@%[H?I(_,D)$<!%&8
M:CYP^YIZ9K:O9*Y#8>M#9_21^9M[:F\*]"!($C'SA]S6:.O.8<JS1:/'KD-@
M[LS0)";*AL_I(_,VL>Q)GAQ8'=P1\X?<U]T`F%`30;C5R&P/D\9]ZRH;/Z1^
M^9`L[<O:^P(L"Q4!T]F/G#[D)8RLTQ=520G%17(;"RV-:@\G`J&S^D#S1^9N
M8:6J0L:L/PCYP^Y``T#!J%C7D.0Z*Y#86Q]VM1&XP*AL_I`\T?F;;_Z./CTU
M%'SA]R$LY7+(YD"8<AU%R&P]:&S^D#S1^9]8^<L.S6*T6C;[HE=(-Q+D-AW1
M+NB7=$N/V7T@>:>I;U?9Y9='*=?9Y95:EJ-R8QS;254&K6P:M69T[,[:2JM+
M6[^DJIF9F^D#S?20H2?3B6G$M.):<2TP5IQ+3B6G$M.)1%"+_2AYIB7)WC1Y
M,0Q#Y0D-/RRJEMQY`QQB6N"M<%:X&*).(QZX*UP5K@H9($@GN@QUP5K@H5@9
M?0MD0Y:X*UP5"X&4_GAYH_,W'BU:AU:51\X?<\H>001_&]DKD-AZT-FJ.3Z"
MWB;?CL!))6<[YX>:/S)WDT!&EV83C.$?.'W/*.1@P;"%[)7(;!-:GJU0V:HY
M-2`I7D+>*<V';XF,>FR=@"+-B2^>'FC\S;EA7DTR<55VL?.'W/(C,2#?XO9*
MY#87GZ;N+>ZJALU1R:&#VT+>)\=:(UGMG*]CCY?/LY>\'J]WL]/98.LHBCTB
MCYP^YO0C(<'9XWLE<AL''_N?]W**ALU1R:K_`/6A;Q.^%VI*#U&GT\9^UH?/
M#S1^9M[40QO4`T6!'SA]SR3XQ'",(7LE<AL.1_?<PA[HJ&S5')JA[3(6\4WD
MUNO7=P0K0"`OY_/#S1^9M].FJU0EHLV#1\X?<VVKIO\`%[)7(;!X1=XU9M95
M#9JCDT&Z[B%O%BS7N/M%,YX%E$S/&?SP\T?F;_;TU?M]E1\X?<\KW7B*$1CO
M9*Y#8>M#9JCDM"+>@MXG;JNU:W8BK.=\\/--J!<@:W=(,5RX.&ONJKJ"<D:O
M`JT<4.MU+1#?T(.!!Z$*T@^]H0H8X#&M"#$M0<8Z$*#7$+T+5$2>A"@U!S#&
MF&,_GAYOI(<NOH.N@ZZ#KH.HB+%=!UT'70==!UVB]?0==!UT'70=2$63=!UT
M'70==!UT'0X=`_GQYI+=8<]?36OIK7TT.U7+/ZD/-[0B\M[?07M]!>WT$$0Q
M<S9F;K[5Q=JXBZP3*V20JO:N+M7%VKBJ$D2LA:LS=JXNU<5>9N\B2L2L]JXN
MU<3O:&;YX>:/S(B/J_2/G#[FQ88$!D[D+V2N0V'K0V:HY+.S^@MXFWXS"+%6
M<[YX>:/S,(86:G6]M1\X?<\I$DH1_P`7LE<AL++X5^.C_K5#9JCDUL-<A;Q?
M_=QO2,8BC+"SG?/#S1^9AV&Y&ENU'SA]SRS8UH_C>R5R&PM0<E?CLA4-FJ.3
M1PUR%O$V_JX:/C69JEG.^>80YF#%H\O&?\K3A6B11\X?<\I)F''_`!>R5R&P
M-%Y"J![(50V:HY-8)!^@MXI=>L&/MU^/FTZMG.^>'FC\R']UZHU1I*/G#[FY
M9T\!$B0=[)7(;"UMN,><@JALU1R:9BSM(6\6+->JE+;@`+"'9SOGAYH_,A,9
MK<1#C)1\X?<WZQS)OLU[)7(;"8QDC"$(,J&S5')#5"&2%O$[=5VK6[$59SOE
M'=F;]$>:/S,80CZQ\Y:?I+K@K7@5BQ$L5>C*5+7!6O`M<%46=JB`>(8Z\"UP
M56EUV$0G:N:X*UX'4C,8_P`H7M]IWXSD)5&JM7^,>;8XP1B^S!4N.K0)[?15
M:O2KFU-=:FN@V*^&IKK4UUJ:ZU-=:BOJ-376IKK4UUJ:Z/8K]&IKK4UUJ:ZU
M-=:FNJVV^5.\&!V.;E*M)Y"^,>;]+,<06>3,QNWV7M78O3[>G^,>:>W<U?<Y
ME=SF5W.956W;>Y8(9I]%]=%]%E=$RM%D*MT7UT7UT7U5+(M=#E=*W1?71?0"
M&[J).P]CHOKHOKKMC*K1"0AT7UT7U8E?"#TKROF!T7UT7U5(2<%UVR%Z+ZZ+
MZ'.PUCTMO.#&Y1K8KCX5(WO_`.8Z:,ZDZWQCS1^9++I&%\8*/G#[FN<TKLI-
M&-N32KKD-@6?0+6]-8<^L=#9JCDBL0),%@9F%O$V_<L&EWX=ZSG*Y^.J?5J^
M[/Q_H.S('%^E/\56SO1]_P"EJ[6J0M<UQ!`&AW!&M`K"J6!6`?&/-'YD^5+_
M`)JPI]8H^</N:_VO6VQJB\:N0V%A_P#1VGCQ%;;T-FJ.339VN<7EBWB;?W'=
MK_\`GE;.<KGX]?\`*H75[5Z2FWMR:P3W"G^*K9W??4)]_P"C].-SKTTFQ9N(
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M-[ZS4!D'5^,>:/S-[#2"@`E0;M(<?.'W-6/_`'VX==:,BRIKD-A8;JKNT9<3
M5VU#9JCDT),]SC!QZQ;Q-O[L6:ZS2]TLYRN?C.$Y\B[LS!9VXGT+T^UQDTHB
M)%^7I_BJV<X'>ZGW_H\X,Y9_Z"QA(3QKWY#>M7J/RU1G]WIKW>FO=Z:]WIKW
M>F@'&:(\T?F;N&EKP!H@.SACYP^YJ/&5XX^Z(PNU37(;"RTG`P;$:U>+P!0V
M:HY->I:&]2OV4+>)M_.KU&@$C6+.<KGX]LVODV+6*XP<9Z2=GX]F9F5/\56S
MO1]_ZB)@$L82&2_Q>,F(W#41C>OVA+M"7:$NT)=H2X39#S1^9NNVGI#8=91\
MY;ET&C<%)WNAQL6(%@K[.]'7!6N`M<%46=J:KV(BCK@+7!5:7781",*[K@K7
M`4S1,=7?L/7!6N`KEJ!*?I3M0'3UP%K@JE]QJ!HA/K@+7!0R,6[ZSJWAC?#`
M@J<6L.1^*H;9:PVK]>$V0\TIVK\G[R%>\A7O(55,Q^6]`?X^#_Z/@/\`A\-;
M;_`/-^`F;\%G;_"&E&0K,92K$L<"47^OV6AMD0T7YCUX39#S?24"=S"PL+"P
ML+"PHCL16%A86%A86%A=NQUX6%A86%A86%,=B386%A86%A86%A84!V(0PL+"
MPL+"PL)AV&EA86%A86%A83CL/+"PL+"PL+"PIC/.'P/)HL1^'DY9L,<YGB0K
M';B*&V16E[GR<.NX:P$,6=G;A-D/-^%Y19=T28TI+J(ZPL+"PIE(T6,/#T[@
MT8S8?=-`CKM&3QFRZI=QHS=/`D5*4HR;%W>,V1)O&.*Z"*<W:#2^W018H<WE
M%HS=/BSB-%-*,OALU*]H0X&A`\(S!V`O-X!APM#;+#N\KR$,;O+D#@')X39#
MS?AM0A.QI*JTM56Z]>(UR/C]+57&5:_:X_8*E6KRKZ6JM)55.$($5D8Y'I51
M./M"'?L0A.WI:J,`,+%Z,908=!RWJU=JG(;#2U5I*JX_84:U=ZFEJJC&,8%Z
M(R""O,->$(6_AC`&F,/N!?EBQ<T2-Q5#;*`ZX;O)=MKO+,TBC;I'PFR'F_"?
M<O*+/;LS%9O9*Y#8.V+<0S1#Q^P5';0NCD:N?O1K9RLY@"/7XQI==LN\*1A#
MF6)9W/Q!'#D;^SY#8/:BUF-H4K''[!G+I8-)H4_QL8]NF^-46\^'2R/ZV2.3
MC*&V7='/ESBF:V>G$AH_CPXASIAC&)/A/N;PRR>X3IMWLE<AL"O*(N-C.(N/
MV"H[:D\GGPWV%6SD?-G)_:P=/>,V-NO.4J8.YV[GXU1]/(7]GR&PE"3WJ^/N
MG'["<8R$J?XFZL1,S#%O/AL47&*-$8@/3Y&+,[/PE#;+4V!W[%TC6#U)RLQ_
M'A-D/-^$^YY-Y,*R_P#(7LE<AL%QLB2!Q^P5';4B-$O'1)$=;.5F+2(1X>VA
MSK/7J.UVZ8)$=KGXUY_]M_9\AL#.2/)U=)J^/V#NW85/\3=>%5W>L+>?`8SC
M>0Z,K,L78O%DZCR!+B:&V1+)X\@6W68]BK`S1;"/";(>:;4%Y#075H+JT%U5
M=0/DC[GEF9PDC3<U[)7(;`CS8?'BF,?'[!4=M4`XQTI"F.MG*Q&4C#ISTL8]
M-H[LUJM,QJ]>.`;GXU7C.Y?V?(;#HA&U`\96^/V`P$)65/\`&PSN.H[/6%O/
M@L5XGA'C00J$:3CM6[D"V8E;BJ&V0[$#<H]&NY_3A-D/-'YF=@K6_2/G#[FS
M6[SF)7A9O9*Y#8.V+<1)I5N/V"H[:D,HHBE.2K9RM/A,0P]AG:5L[8VIU8#K
MP%VFN?C&[_V7]GR&PL2[G*5PD:UQ^PE)VKPZNBG^/:%,@HM$0MY\(RVYR[DR
MCKE!71</:*&V4*QVL^O";(>:/S)7C[H*P5[BCYP^Y3A"\[V2N0V#NS-QG7VN
M/V"H[;TK9RL/@6B`$Z3QC&Z7>*SG7/QK5C#LW]GR&P]./V%2L$E=4_QN$:$:
M4&A5%O/A+2G,)X.0#\T&+E:?M5#;?#PFR'FC\R:,?=JT&;DU'SAPS(_:N*$;
MDE*M8GZ'%W@3KVIP'5N00!,(*A6LC:<;D5VKBKAD/TL5[,CB:^.,(6963@G.
M?:N+3G<M@+EAVKB)6LD@<3%#VKB[5Q`$P@CK61P[5Q5PN*&G.Q>U<0`3A/X3
M2FUJT^%6-+DWBU4KT&XZVRT%U:"ZM!=6@NK0752JZ83,7O!ZO=R!E.]7'9UB
M_=[UA86%A!:QAA86%A86%A86%A86%A86%A%:QCA86%A86%A86%A86%A86%A8
M6%A86%A86%A86%A86%A86%A86%A86%A86%A86%A/J&:$NJ"LO;P&]RG1ML\J
ML>*ZHU0=@/QCS1^9:9M4&-IBJ/G+!2PEC?46O11#7!^EDKAKV+-T$(3ORA7+
MWJZ&:Z6,FO26-]5BDFZM0C(U*J$E:(H"O?(S_`.5Z$G5:%EHO7,"D$="(XU?
MC'FC\S*-?5AK3@91\X?<^E[)7(;#D,>U7=WK\?L%1VWI6SD?K[U##3SW_P`A
M*#EN:**T4$];_>IV1#G9Z-.)ZS6J7W!\8\T?F=-_T>D?.'W-FUV27G9K=[)7
M(;#D7CV0Y/'[!4=M3M:@:K9RM3Z24'QKSW_R$-^TF?TENE"T-APNUBA<L[\J
M\QS%\8\TP[D+VHY9:CEEJ.6545N7('W-_M]NU!WM7LE<AL+S!Z`]/9X_8*CM
MJG:<JK9R)*4;5(CDK3W_`,ATM*[2*$4+98EJRB_3<-VU"W:L1EATORMLZJ#.
M,'QCS?A/N>7=^Q9$Y+%[)7(;#D,L3XBX_8*CMN/=WLJMG*QAW:DNH,]_\A'?
M5F-[>8<14),3IE&,FD(4F_PM7P]V/'D[E3XQYOPGW/)R?";VG)>R5R&PO1C@
M)F87'[!4=MQTWD15LY6'P+Q_1I9[_P"0?KU<1E'2AT3JR?\`V^ES:%J<E9E5
M>RX?C'F_"?<H@>M[V2N0V')QZ@!;`/'[!4=MZ5LY62]JS5MUX#B6!;WR'4T;
MM)[1@..$!2)'UN[.(^:E&K&Q$/QCS26ZPYZ^FM?36OIH=JN65N<!FU]--:KN
MUPPY"U`%>,.5*X84H@NU(`H,[455MUAAC=JR?4`5<PV+J`+4`4)QF?Y'I:5T
M-<0(D$,C29M1^H/-[<"\MH*:T%-:"F@C@/F2F")O<*"]PH*-ZE*2E)HM[A07
MN%!>X4%&4914KM*$O<*"]PH(1PE9%LUQ+W"@O<*"';J$E^M*P`-_W"@O<*"E
M?HZG]0>:/S/K'SA]R>R"O%7LE<AL%_GTH;-4<GT%O$V_]+.=\\/-'YEBD]QK
MV9D,H^</N>5P[4?QO9*Y#86=OQT>FNJ&S5')I[I"WB;?VL=6K.=\\/-'YF#.
M_(\?NU'SA]SRK,X8_C>R5R&PL9'&-'2JALU1R:8VC90MXFWYA_\`6K.=\\PH
M2,&+1Y>`Y^XU)UY%72TN:;\N4=NU'_%[)7(;"UMN.:&F5#9JCDT!Q:VA;Q-O
M[&.N5G.^>'FC\R`I&N`L$)-1\XWY<C]X1?&-[)7(;"X^%;BX]-54-FJ.349^
M^A;Q-O[`)2NJSG?/#S1^99F;UCYQORY)QP@&<9CO9*Y#86I]%:@0\X*ALU1R
M:9SDLH6\3;^\Y=6K.=\\/-'YGUCYQORO5BF3?XO9*Y#8$AUP`"`!JALU1R0U
M1BFA;Q-OWKA<JLYWSP\T_&Q*;VE>TKVE5N.B`^$90Q(HR,ZE'K6H$CS"8.)%
MU&Z\2($@B#J!)H]*E(S-B1!Z!RU`D7ID7$B&.U(;5B=SYX>:\X,NZ)=T2[HD
MTX/]3'FSK!L<K[-QR]FXY>S<<JU<0.8L$+&>%]87T0ET3*R5Q5L+ZPOK"^JQ
M9%KH9+A5A?6%]`(9RHA+&HPOK"^NY:@56BD'#"^L+Z.2^$'H`E\P,+ZPOJJ4
MA(?)CS1^96+>D?.'W/I>R5R&PE)HQA.$V5#9JCDP,*;H6\3;\ML`BJSG*Y^-
M@[`&.?7#D-AZ!.87'>E/\?DQYH_,VW=JPZ\'J`P8$?.'W/($(,0FFP[V2N0V
M%Q\*W&#P"J&S5')H0>=M"WB;?V@D+<5G.5S\;^UJ.VGY#8>DI3;C.MH^E/\`
M'Y,>:/S-F$9"-`<Z-)R/5CYP^YYB4(@C^-[)7(;`^/9IN5P*ALU1R:CF[B%O
M$V_+U-R:LYRN?C?A.8!1:(^0V'I*'<XVS]^15/\`'Y-A]1@MAR]^736/)M"!
MND'3U<UB[DM0).2O9*Y#8'Q[%&4I`5#9JCDU)S>RA;Q-O[%B<+:LYRN?CR+8
MTZ4^NMR&P])&,+B[$V>ZJ?X_)CS1^9O=O3$F:`1X]$?.-F<M)F$%I,.]DKD-
MA8;$'&Q:-94-FJ.32@S6T+>)M_:B^M5G.5S\>3Z=%4Z=+R&P]"QE/B94!.94
M_P`?DQYH_,G%W1=!A#$TV%'SC9DPA)Z7LE<AL#B<HJX.S!4-FJ.36J.&2%O$
MV_(`SV59SE<_'D`S,"O!Q@Y#8>AX2)QWI3_'Y,>:/S/K'SDIM!]=66OJJS9$
M6"OL[T==66OJK75E0QT:KV1"AKZJUU95IL2RB%B*[KJRU]53.,QU>?`>NK+7
MU5=M@G3]*5L$*>OJK75E1?$?R8\T_'EG8T%U:"ZM!=56@45EH\C!?RBC'DXK
M^47\HOY1?RBZ>3Z_Y1?RB_E%_**<>3DW\HOY1?RB_E%_*(<>1@/^17\BOY%?
MR*&.WCA86%A86%A87;+U_*CS?JX\TQ+D[T@\K%H#Y(D=/RRJDMQY!Y19=T2[
MHEW!OZ]T2[HEW1?2AYH_,\E)FJUIQA4C)I-'SEJ$)V-)56DJJW7KQ&N1\?I*
MJTE5:2JN/V7T@>:/S/(3:->3_P`90>#UH^</N?2]DKD-AZT-G]('FC\S8F>$
M"2*]&H-HACYP^YY6;Q%!L(7LE<AL++NU?C?O75#9_2,#1('J]WNRDP"1E[?3
M?&M&/\R?<\NT90C^-[)7(;"YTZ;C&PK*AL_I(_,W,-.,7>HC;",/*GW/(69@
M@*4I#O9*Y#869]`*-@IX*AL_I(_,WY85P]C2`:#"AY4^YM5(V?2]DKD-@8?<
M'7!$`U0V?TD?F;QBB$8+610CTQAY4^Y]+V2N0V'K0V?TF3ECRIB\AT5S6^SW
MN107LRY(D"=["PGA=Q,.QTJXT7J=%]=%]=%]4VBU7YS_V@`(`0(``04"_K4?
MZGBL5BL5BL5BL5BL5C_7F_Z3?$_TC'X<?AQ_H^Q_]QX+!8+!8)V6"P6"P6"P
M6"P6"9E@L%@L%@G_`+$#_I-\3_KM_P"-,L5BL5CZ8K']9_\`T#BG_I8?]%O_
M`!%_Z9L%@L%@L/BP6"P6']!+_6'^L/\`6'^L.RP6"P6"P6"P6"P6"P6"P6"P
M6"P3_P!'S_6'^L/]8?ZQ]E^U?9?M7[5^U?M7V7[5^U?M7[5]E^U?M7[5^U?M
M7V7V7V7V7V7V_L?_`/_:``@!`P`!!0+^P1@L%@L%@L%@L%A_8$;^RIBL5BL5
MBL5BL5BL5BL5BL5BL5BL5BL4W]BI_B;]=_\`\!6*Q6*Q^+%8K%8_T$M]8;ZP
MWUAOK.*Q6*Q6*Q6*Q6*Q6*Q6*Q6*Q6/]'[?6&^L-]8;ZQ]U]U]U]U]U]U]U]
MU]U]U]U]U]U]U]U]U]U]U]U]U]U]U]_[('__V@`(`0("!C\"&@?_V@`(`0,"
M!C\"&@?_V@`(`0$!!C\"_BOEO1+)*V6.-`8FFUWM&*_^G(_+BO\`Z<C\N*_^
MG(_+@RFU;%Q6RQM]OL!L,:QEMTPH`J5!8L[%MJM-I2G-'8#I^B&F9(`:7-:H
M>NDX-P<MR9-1=FTN3$%CL!T_1'8#I^B.P'3]$,F(EH*G\J?[COE07OT1703D
M@3)95AJ-P[@Y6QPV-VJ8FMER[$P*I5;X6XW>R>];<XG=/U?H2L7\J?[COE1,
M]T_U>AMIRL:N=1[7V5BTPJ(.X.5L<-C=JF)Q7/IS56A8GV'*6L<H%8H\42P"
MOXTJFC_,W`77.)W3]6"30!685C@X547)6+^5/]QWRH<!I.S6WZ3R152QY<@!
M%3R30TT>")9-9:,G+!W!RMCAL;M4P9KG&R]KG-4U!1>]7RQ.+RVRB!^::'T5
MMKB6&TC;2^3^\VYQ.Z?JQ,46LTYN&B`5H/(G]8+DK%_*7C:%H:B`)@Y08<";
M68ZD_P#I8(<;-NS2BI5RQ*F.:Z6`XN:&YY4.KJ=CB78T+(LXD@[@Y6QPV-VJ
M8FL#`TC2K4XZ$\<3);*'%%SN52*J.6_$MA#01-E4,5.U;AIN<3NGZL31A8[)
M&<$(/@\:7)6+^4S<8R0_W'?*B:I0633$D.:9SG6K1!#K^%4AM%FC1P0=P<K8
MX;&[5,3)MD[0M=0=&U]FF_$Z782T<S1=?5$)(B6QP`(FRJB7?W6X;G$[I^K$
MR79M6@EE4A'"RY2H1//<E8OY3-QC)#_<=\J'8#03@!OPQJJBYQOTFGPW#N#E
M;'#8W:IB8PFAJH/"*_)A@L8ZPXIG4B_R0QKC:=M92NP_BMN<3NGZOT)6+^4S
M<8R0_P!QWROH'<'*V.&)*9SM4Q,F/LM49I#E%)4W\5Z-,<\-`<"=K)O_`/-;
M<XG=/U8TQSQICGC3'/$KW?Y3-QC)#I\D@+0#:LFE%"&7,]F.T_ZC/R(L[2E%
MTV?D1VG_`%&?D1^HG%<PM6U:-):E3)8O0CVAPP$+'8LZ(AWX3-(^J(42F`BH
MV1<0T@UB.Q9T1`&R8EGV1ACL6=$0@H`J'\IFXQDNJ13%1YS%1YS%1YS%1YS%
M7C,5'G,5'G,5'G,5'G,*!3_*YN,9(=(DS;"!?52@-PM<?7@S'\3FM]S\N`\<
M10>66<DLB/W.I^5'Z>=,M_AEWJX6I4UF&!;7.H:&M+CS-6-&;\&;U8T9OP9O
M5@`[0*0`72Y@"F@4EJ7'3'E&,%IQY!&C-^#-ZL:,WX,WJQHS?@S>K`>REKJ1
M<(SRA();+F."B@T@)&C-^#-ZL:,WX,WJP;"JVL.:YIYG`7+#K1<BHUCGT?=!
MC1F_!F]6-&;\&;U8#,\.=HVF/;RUN`P?7YN,9(?[COE0^T0+00+0%,,+DM%2
MY"M)<<%%P[@Y6QPV-VJ8:6N+%<BM`-ZJDB!#=[)[UMSB=T_5^A*Q7';V=WKK
ML_$SRW';H:QBRQP)1?!<X3>GNG_7YN,9(?[COE0K9>U<*FJ!EAKYPL.<42F^
M4$![:6N"CPP=P<K8X;&[5,-L-+LZFSI58;T#RPW>R>];<XG=/U;AD66H/6M4
MU+HUW)6*X[>SN]=$UUE'L)(H32)OUE>6Y/Q,\MR9,-3)-H^`F)CJ'$$MM48:
M:B:(VA"@5B.">*G3%'AE/^OS<8R0_P!QWRH?A(0"ND\E^!:5CJG*[[5]3$F_
MF-I.*#N#E;'#8W:IA@EMM(Y2:"E[1=703<;O9/>MN<3NGZL<,5TB&@$#VAA&
M"$M5"JUR8$\MR5BN.WL[O71/>UP<TER(1AP5WKD_$SRW'V=+8A.D8FS)P;F!
M6AIP<\6K`%MP5JV@EKD2.!]_Y+_K\VPT&JLI>Q&'6J#8=53_`(L4$N"V<Z@H
M:.41+L!K,XFDE]\U.AC:T`"_TD'<'*V.&QNU3`M3]@*JT!R8(!!47C#=[)[U
MMSB=T_5BUM#>_#H\Q,!)E(K:"VI.=.3PW)6*X[>SN]=$YIO*A#@:"[`*1X?!
M<GXF>6X\_P#)%>,QQ&"S>=:S4HPIBAC0-)R"@/H7E1:(_P#'V=&U1BV+_K\W
M&,D/]QWRHF^Z8D;6=LB'*"TL`)M*E\1+##::&BR["$@[@Y6QPV-VJ8E2Q6YU
MXH41*"APP&M""&[V3WK;G$[I^K$F6$#J$=6X*?9%-Z!32G^JSYKDK%<=O9W>
MN@@3+;3R7Q0<ER?B9Y;DPM%IPDT#"5,36Z#YE#B6@#`J-2]#9>SVMDJ$`HY<
MXQP5%G\31P?A/H^OS<8R0_W'?*B8J"B__1B4TK9:76:?M>#)"0=P<K8X;&[5
M,,=.#JT:6VO>IL^[`AN]D]ZVYQ.Z?JPI`7#&V)"J5=2MDU-Q"Y*Q7';V=WKH
MF3`4K)LFT'+A.C1<GXF>6XXFK9#6,$/1R#3:M>`\N*!LS9<NDM7@I7$8X($J
M1,I-7]I_U^;C&2'^X[Y4':!6XT\<#9FTPJ5KK*GQW#N#E;'#8W:IB6UC+=)4
M67'DK::*X#6A`+T-WLGO6W.)W3]7Z$K%<=O9W>NB@`7)^)GEN/%2R0/&8(M6
MEIP>(4#P7.$WI[I_U^;C&2'3F2C,H3UDI#;X#O8BQ^D%.&V?EP)?Z<N(ON<\
MN[N/VGCF?EQMYDK9C9%M]*VWR&PVT2"PJTM*'!':S>F8<LV;0XC3-Z!:?,<A
M#D+RBM*CQBXZ6^ECP6N'(8TIOQIO6BS:FI97M9G6C2F_&F]:&RV4-;0+^6X2
M-H%)<0V9,`4E30'0H=-TFCM9E]P'M1I3?C3>M#BQ5=67.<XT>\3<MNM!R(K7
MN91]TB-*;\:;UH8YSIJN:"?Q9G6AK\\N;2VU,>Z\E3B14?K\W&,EVVUUFA*E
MCM!T?3':#H^F.T'1],=H.CZ8*3*RNC':#H^F.T'1],=H.CZ8[0='TQ:VE*)H
MQV@Z/ICM!T?3':#H^F.T'1],(9E\'1P%8[0='TQV@Z/ICM!T?3':#H^F.T'1
M],-9[(`YOY!-QC)%A\P!PK$=J([41VHBQ+F!SD5.3^C_`#.;C&2'LFL#VV7&
MRX*%27AC]M*Z#8_;2N@V/VTKH-@LEM#&[$FRT(*VQ)ERW!MLE20M07DCMQT/
M3';CH>F&O,UKA;8TBPE#GAN'EN3IK=)C'.:N$".W'0],=N.AZ8[<=#TQ+>_2
M<*4N.>)K6BV]H;871>6X>2.W'0],=N.AZ8FRYC@^Q9(("5\^"YLI;PP!EK16
MLIA$=N.AZ8[<=#TQ)#Y@>V8XM(LIZCG8?L_7YN,9(?[COE0BFMU-IR&O-LU!
M+/BY;IW!RMCAL;M4P'%I=2F:F!;Y&"`]"%O&N&[V3WK;G$[I^K]"5BN.WL[O
M711<GXF>6X[=#6,6I;@X<ESA-Z>Z?]?FXQDA_N.^5`5S;2O-><0;R<E$3R6N
M#0XH[U3S4$UK<.X.5L<-C=JF)099T_6!=39-X!T"&[V3WK;G$[I^K$SW3?3Q
MPY]NW:-.`)@N2L5QV]G=ZZ)RH75VQ:5%(0K1S7)^)GEN.3_$-8Q-6@-I)H(O
MDTA?/%MA5N&.$WI[I_U^;C&2'^X[Y4.:)*/KVBUT$FBJ_P"..(5B9QSD10OI
MN'<'*V.&QNU3`"`JZ^OLD^K3`AN]D]ZVYQ.Z?JQ,8$4CU@HYH(1$<:+-@^$7
M)6*X[>SN]='$YRHYU&"KF\MR?B9Y;CMT-8QQ#@]5:069@I2^1?Y3#0'6@I1V
M&F.$WI[I_P!?FV@M62'`4"P[Y4.:0>0T)HX*UY8?LINU+J4S39%X!`"!@N'<
M'*V.&QNU3#!?+J#>I%FEU":4"&[V3WK;G$[I^K#FAU@D:2+XC&SOMOC^J+DK
M%<=O9W>NC\1P+G4D"U7?K)%?)<GXF>6Y,L4OV(LCE4QQ%@&S8S;0P-J2_#'!
M0.4VO''";T]T_P"OS<8R0_W'?*B8[Q$?=H*+>6N'#AU(]8JXMP!%HJ%ZX=P<
MK8X;&[5,-=9M`E#S$^2`]M1AN]D]ZVYQ.Z?JQ,H)S2*$-?(8+RY6$YK2BC#2
M$N2L5QV]G=ZZ'AI64"ZTH<"%*A%\=%R?B9Y;CB:MD-8PZ4\U`?BLPM-16A<4
M6!5'";T]T_Z_-QC)#_<=\J'RIOK*98Y`350E27X+FM#7.TDOX[AW!RMCAL;M
M4PS9.LHJFTYOB%!\,"&[V3WK;G$[I^K!9,:'L-;74B$8T-&`47)6*X[>SN]=
M!<P&TZLESG'QDW)^)GEN/%2R0/&8(M6EIP>(4#P7.$WI[I_U530!7_"FXQDA
M_N.^5!+6@6J7)?NG<'*V)$Q'%K7%;+2ZMIO-6-&;\&;U8JF?"F]6&L8V9:VD
MHTRI@JF`FD@"H7.(:T*XRW@`8HT9OP9O5A$F+@V4WJQHS?@S>K$H."&S4;CF
M/;,M;28:)<QP1TPD4@$5&*1,^%-ZL:,WX,WJQ.F`.#2&`6FEM2^TERVYKRTR
MP`6L<^E3[(,:,WX,WJPH$PC#LIO5CA[#7YCRYQ=+>T)LW"MP%\_57[1-FAMK
M4E^++-APO!#2F9C9LSD;?:WEKAHX6SL!0RQ504/C_@3<8R09A>YI-X6#K-."
M.U?S2NI%A\\M"*"=D/\`=C]UW/5C:MXBT;):A,L5I[(;[,=JSI".U9TA#OQ&
MZ1OC#':LZ0CM6=(1VK.D([5G2$`[1NCA&&.U9TA':LZ0CM6=(1VK.D('XC=)
ME\>T([5G2$=JSI".U9TA':LZ0CM6=(1*]QN3ZM,+Q:99-IN$)&T_52I7_($N
MTW$7*#&<VP\$A[15:6E,?\";C&3^6`S"EHV6H"5/@A30(?M.SLFWBOQ89_Y+
M@W2O\K^T\3@TPW9S-L*5F^T5I-%%?\";C&2'2)`:4"H6K4BTVV^U&@SH_P#N
MQH,Z/_NQH,Z/_NQ^GGAHS"^AJ7Q]I^&)3)1:TS"5+A:J"U`MCMI7PG?F1VTK
MX3OS(:YTR6YMMC2!+<--X;7;.&Y-FMTI;'."\@6.VE?"=^9';2OA._,CMI7P
MG?F1+F.TG"E+CG-F2VMMO:`6$Z#BVNV,$=M*^$[\R.VE?"=^9$R7-+7%ED@M
M!;7C+L%S92G,:`RT2YI=64O.;';2OA._,CMI7PG?F1)$Q['MF.+<UA:=$N]I
MWLW&[-+3G-:K@HI.!1';2OA._,CMI7PG?F1,F[64=FTN39NO!?;NRYNUE#:-
M#DV;KX7VX[:5\)WYD=M*^$[\R';1+37.:K0@H.!3<G"6]C&RW!N<PN.B'>TW
MVH[:5\)WYD=M*^$[\R-E-<QP++0+6EM12^YUUDYLLS=F5<QNDA"*WEA_#<+*
MFNG306*YA8UBT*XNP1/-'9NKJJOP%=PQ-\V!YH:[A$_3DNL6:!I%4\/\";C&
M2'^X[Y4%Q=9`K="V]H+SJ/)1<.X.5L<-C=JF)LMSLQBHU.4)RWX+G:+0IAI"
M]K*K!']UN&YQ.Z?JP]]=D$IBC;O%"H4*CG;:AKQZP6)6*X[>SN]=#V-K90:K
MU%2K!LKFE"L3\3/+<=NAK&`PG.-0C9>L*XX3>GNGW)6]9EC86*/;7D6YQ*%?
MPGZMWAG-9;.R;0J5,7)=F[U^6YQ>]'=,NMW1UA=:_B'[-CC9#CA1?)#VMXIN
MT0[.R2#:O)#Y:I;:6KCBWQ,UC,+CFKB$"=*[-Q<BA*G$*G+_``)N,9(?[COE
M0<TO6BRU%IQPLF66E1^&<XUI5:\L,?[0!Y^>#N#E;'#8W:IB:U*E(<+RFKD6
M)P^P[)$N@#\:70"H[9N.YQ.Z?JP^E%""E*30*8>UX2I:6\F"BC'$OW1_5,2L
M5QV]G=ZZ.)TC2<TA/Z\L/K%.B01E_P!D3\3/+<=NAK&.'3D6HUNY:O!7`1$%
M><%T<&#DCA-Z>Z?<E;UF6+)!I%!H31P5^&YQEH(0QP15]2@7[O!MI79-<O(&
M4B]>N.DE;%ZI*L2Q-WK\MSB]Z.Z9!E6:!6ZGS)X[C=T=870M?JQ,+32UI*$*
M#148(PX(VK&CB7V@[:32LZART.-&2+5@LI(LNKH*?P)N,9(?[COE0]SFVP`M
MC##K(V8M(YME$IOBF)0KS&T^"#N#E;'#8W:IB=2/604X0O\`7-'$%QMD-(=9
M<S!32@`AEHN)VTL*_2[9M=:7.)W3]6'D@.LBTAJS:84LV+G.``6P<-^_1$KW
M1A\M,2L5QV]G=ZZ#(E[2TT%H+L\9OV;2WN18>LO9TX'-\3EB?B9Y;CMT-8P'
M37M6T-D"T$A>6\I$&=8S:<^@#FI)QQPF]/=/N2MZS+#C:%H>H46^*+]Y8XF7
M:5[+5D-+%&"L5XXXO;#.+'X*K')=X/9OL.=+:%S?8^W1$B4^8,X4TM"E<"'Q
M)!>+(4N;9&G16HP48XF[U^6YQ>]'=,@30UR)I^K41B\MQNZ.L+K63VVFM=:`
M4BE"+V..Q3EM.\\3BMG,=2+U$)QG_<\'>XIHSFC_`)C1K"+4MUMA<^RY;5%L
MW_X$U&%U528.4B'$BSF.H/\`Z6"'-8"7&\"!K*(8U6R9A=G5!:<"TT<L2EI-
MAJFN]A@[@Y6QPV-VJ8GS7OVA#5<BDYHB<P$!SKY!8+*TUMP<D2PH<=K*5S2H
M7;-Y!<XG=/U8FFG1-0M>*_#GRFZ+LQEE;XH2DF&.PC%$K%<=O9W>NB>7$5N6
MA*C3G7ZXF*2:16^WYHGXF>6X[=#6,2;0P)1]K&/+%#58E+D!3-]JL8HX3>GN
MGW)6]9E@$O;L/9OFB)D[U9F<S-(H<G(!XRL<4\MLDRW^T`<VM#=X-P`)#&5V
M?9^U#+-4L@.S3[U8!%_#1#I/]N]T:?ZKB;O7Y;G%[T=TR-D)0ME7;2_333<;
MNCK#Z#OPILV<_P##_<&SM,)%L"R[!XHF6$MV396I4A!*X0#!;F=6&LF,9+>K
ME9*T*7$T5?P)N,9(?[COE1-O*TB)+9Q]8V4%GUJ%`"0UPI!`(,'<'*V.&QNU
M3$]UHD4T4(JCEB:W"TX1DA7TC;RK-9/;"M;G$[I^K$P5JTC#>@VFV&DM49XK
M(!K4T1+I7-%/^V)6*X[>SN]='$`]HI7-04&\5IB8\8FT!JMO4!5Y#$_$SRW'
M;H:QB3,<41"%M7CG4#DOP24Y,T56:K2JO)'";T]T^Y*WK,L(5:`X$677@,"5
M7H))0"LQQC7,L.:QX<*?8OK=X.TTN;8:2`%J9`<VHPXM=7FHN!;U)K!_HQ-W
MK\MSB]Z.Z9#9P:^BLDMLI9-7K7&[HZPNAI(#G:(PP[@I,WA94EVGQ`F9_*;"
M:?AA[7Z!!#L5^+'"ALGA!I\5ZSN27UH5A_`E`TZ6C7CA#:7%%9YHK/-%9YHK
M/-%9YHM,6@H5"1-QC)#_`''?*B8MX+$H<0DU"4<X!U\X+0B66MLBR$;4E%4'
M<'*V.&QNU3$]S;`2AR$$DT%8=+JM8:?-$N711-DU!/[K>4W.)W3]6'@4J$.(
MU^*"V2IM/I.B;*5HK4IAC2$(")$K%<=O9W>NB<XN`<\?AYQ>AO4D"'YH8UU-
MD$NIOE2!$_$SRW';H:QC:VS>HQ?[/&8,QX:X>J[UJSR8"E<<)O3W3[DK>LRQ
M;+4E4H:U*(.44$P1ACB62]'9S,AN\&PA0)375$BB7R)""@"]<F[U^6YQ>]'=
M,NMW1UA]!)G_`(R8]]*OL2@#37I+#FOT""'8K\6.&X<<7,5$E,!:":E?HCGB
M?M)39#]G.64VD#2@$M&D^]]HQH#FC0'-&@.:-`<T:`YH'W>[;$W&,D/]QWRH
M<WV\W#7B6&,`0!:#CY0W)<.X.5L<.\AQ:USELM<[U3[*P@;,\,J8,K81)AQ2
MIAR-AC&,F6MI*-,J8*IC2:2VYQ`:%)EO0"DZ,:,WX,WJQ5,7!LIO5C1F_!F]
M6)0((-FHT&XYCVS+6TFFB5,-<PD4@$5&*IGPIO5C1F_!F]6)\P-<&D,`M-<V
MI?:`N6G->6F6`"UCGTJ?9!C1F_!F]6*!,(P[*;U8X8,;,S9A<XNEO:$V;A6X
M"^;C'(39F,)L@N*+@"F-&;\&;U8JF?"F]6)[&,FESI;@T;*;61[MV0Q[)H<V
M6T.&RFU@>[%4SX4WJQHS?@S>K#W(1:F/(M`M*+@*&YQ(>V9G3`YI;+>X)LVB
MMH."*1,`P[*;U8T9OP9O5BTUKPT2R"7,<RE1[0'T)LB3(1TUP<>,=,!`=?F4
MYR^"*:K\#93A(4VF@$;,EI71JKP)'$&86N=LYF<S12E/%`QOUC<,C94*,\6C
M0<*-0>$_0'W>[;$W&,D/F.:7"R0@0&D,]HM]F.R?SRNO'9/YY77CLG\\KKP9
MH:6C8N"%,+?9)NN]]V7Z(]PY?HCWV:X^E*]QN3Z,W&,GT96,Y/HS?<=D^E;_
M`/S&3:7?C3'C:&FMU!I\,36MI<6.`'@AIG.D%DI0)<RSF\EAU1HB>9;-G*<R
M:93$1&E4HO+7`QOUC<:&V;P--\7B%5:[WT!]WNVQ-QC)=ML<!0E(7RB--G1/
M6C39T3UHTV=$]:--G1/6@_B-I*Z)O_>C39T3UHTV=$]:--G1/6C39T3UHM[1
MM2:)ZT:;.B>M&FSHGK1ILZ)ZT:;.B>M";1M8.B;Q7VHTV=$]:--G1/6C39T3
MUHTV=$]:--G1/6AK!,;FA-$WOO1ILZ)ZT:;.B>M&FSHGK1ILZ)ZT..T;G?9/
M6C39T3UHTV=$]:--G1/6C39T3UH:=HW-^R>M&FSHGK1ILZ)ZT:;.B>M&FSHG
MK0YA>U'!#FGK?15Q0"LF',X25,XR;2NS<^P,;EL\T/F&D,!<F*`[B_\`QTJ;
MQ<S]MLLXXGO<,U,,3_U#@Z=LYI=9JI6@8JH&-^L;C*'$*+=:?9-:%/)$BBJE
M:<-Y&O0PLQR"`12#48'W>[;$W&,GTJ2D:8YX<DV6`"0%'_$([:7T?^*--G1/
M6CM&=$]:"=M+H&#_`(H&>.>[I#GAH;,#5*+1'[K4\T4<03X&^:.W=S-\T4\2
M1X&>:+/ZFA%]3S11Q)/@9YHIX@CP-\T,_P"Y6T4.C@)\D()ZG[L*9R#$(43Q
M6!ZM\I'[C5CM?$(<1Q%('V8'_<:L=KXA'[C5A3/%9'JWBD*)RC$(0ST/W8>'
M3`;+D!HP`Q05^CLN(EB8RM#&UX1S9\NRDMCLWF<VCQ>&)C'E&.:0X\A$6I?"
M<<^3_EVK@4Y&EP<D3A)+G2]E-(+UM4J2JTT0,;]8W+3"7"4@<6EA3_4'"D8(
ME9@1%)+16HO[.9Y(8PN(F9Q8EG_>!AGNC^KT#[O=MB;C&3Z7#![0X6G4&GU3
M'8LZ(CL6=$0US9301-DT@#_*VYQ.Z?JQV+.B(<'2L\'.$Q@6FF.&W3-6X"Z4
MPDN>I('M&.Q9T1'8LZ(CBFL`:-J*!NF7.*<YH);P[$*`D4S*E@N>UCP30++2
MGA"Q*L,#5E3%0)ZTN.'#VAP1]!IP1V+.B(X0LEM:=J:0`/[3XEAP4&:Q0<<&
M4&2]H`I;9%43")3`0*#9$<3NGZL=BSHB.Q9T1'#;IFK$LF4PDBDV1'8LZ(B8
M&A`)KT`QQQ3]DU\PSFM;:;:KELP4Q+>Z3+5S03FX<<<0&-#0C*!1A^E.G&9Q
M4N1+*E9B9CJ;0;@IJA\OVVEO/&S?P'$;7[#0YG@>J)CCB3,%E[I<QSFBE%!H
M@8WZQN)^IF;1RG9HVSG.+D6SA=AB07V41`'6"57`[R1):P6^(]E4-D^%HO&&
MA`$`H%4#[O=MB;C&3Z7#8W:I@`FDU1P[/5F%#SC"##=[)[UMSB=T_5A(<T`"
MR0"CK5-D7Z8X;=,U;@QOUC#I5EUIJX+V(K>@NL.8A1'4>&.+WH[IESB\VU^!
M+H\,R+;12TU'.%>$1P[O:DS#AORXD8G^2'3#4T*4CA'MJVI[I\2MZS+$XV:Q
MI(?L^")N*.)W3]6-AZR`UB^MY5O0Z0--H4_UX8X;=,U8X5LMQ;:!4P`XVG)2
M[#$W>ORQQB:6V;9-(IV<N^(E<C0/%>B?B9Y?I'BWR?\`LUM_IS.?4TUEFC]V
MY1'$N+;)L36D5Z*CR0,;]8W,X9TLAC4L^.@F"#)VLMJ9ZF6G)]O^A&UVKY;@
M!0VSZJI6'>T8'E@%S5.;J-B:&A`HR?2X;&[5,2W2E+FKFB_2#I&@4B.%4Z11
M%OJ.0K#=[)[UMSB=T_5AY:%<`4$%KK5%#;2U)RQPVZ9JW!C?K&.*I;:5U"7U
M-^A>>)C0T!MI;3512!ACB]Z.Z9<XS_Z[+Z?Y+\"W+3.I;5?O6;-,<'9T?T[T
MQ?AQ('V9GDCBK;J&M+5)+D1M*K?PI1'`[1UIVU<I6U_;??B5O698?,:P6'VD
M<2:0HJ&/T1-Q1Q.Z?JP'H:"`,VBPBK:O%3$Y0Y;/)9O>&.&W3-6.#:YBYI(-
MIK;XPWQ>N3=Z_+'$!H<5GM4M4D)+9@AH%0`2A/%$_$SR_2F3'<`S9A7.<[B9
ME6$@-B;+X=99F`TJ7(41:5A7?^4>`*R9<KS1/(G?J,R?^-1G4NP40,;]8W-@
MZ:'L<Z@6!:`<I`T@3CLQL)9EK0JN0M!PT)X('$,FV"T"A%T;7YD"_P`L#[O=
MMB;C&3Z7#8W:IAEEP:;5_P!T\HOQ(%MP6QF!JBO"HAN]D]ZVYQ.Z?JW%>7$E
M-+%>I<L<-NF:MP8WZQCC"YP+FN-HAKA?//#Q,7:6\Y3:.B+\<7O1W3+G&`__
M`,[,LR+>EG*VT@13]JWXXX/_`.N_E_QQ*L:=B99QT1Q"LLNL.H4NS:;(ICA+
M=/X[D)=:/9S+]42MZS+$R78`1<ZG"*KU^E(FXHXG=/U8E(\[-PI9:OT^JO)#
MQ*<YS\ZU@%(4+'#;IFK'!YQ!"DA4HJ7P7)N]?ECB[!(?MFV4)']MF")1)4EC
M5/@B?B9Y?HL#6%[GE$%ZA5B<V7PAGRN'_<S3,<EJL@--#DOP4*'#%OC;?'9P
M(*YH%JG\$(*L<<09`27LYH`2S4H-&.!C?K&XR2&MV9OWZ>5>2I(,JRL^]FJI
MHR!P@WGHC7*ZCP`B`%5+Y@?=[ML3<8R0Z2R:9="^LE`;>!;[<?N_%,_,C]WX
MIGYD?N_%,_,C83)NT&R+KZ5MO$NCAL;M4PP%-+1-^C&!SPTO4S66;-+DK%ZK
MUH;O9/>MN<3NGZL.+!:>`;(PF]!:YE@>J#97_3'#;IFK<&-^L8G3)R39;AHM
M)G57J13#G2F"6VT:`EZBE,4<7O1W3+G%!JJ9,JH@>L_VE$2I1(E%I6PE%=2-
M,<,U521,"^&7$DFH-F>2)P>\3)08@<6U.'.H\<<!?_%=R?VYG*8E;UF6)LP.
M"TBQ1:]6)N*.)W3]6'.VKK3D)E4)@P+ZL/EH+31I7\5XWXX;=,U8X9P(V;1G
M--&.FFY-WK\L<:!69S4H7^W+B5[HO)>P1/Q,\OT4+G,(I:]A1PC]+*<Z7+]8
MC2<M:DK7#@PV7D&R[`8_3<-,;/XL^I8H:/:>5H$3Q-<'3-D^TYH0+9-ZF!C?
MK&XX.-ES)EFS::CK*H;-L&K[,&?G"8:R'O&`5`IZHNC[O=MB;C&2'^X[Y4,D
MM8K"%<_!7YKIW!RMCAL;M4PVEM`(SFVJTIK%-$2I;Y-J:;-B:C3?QVH;O9/>
MMN<3NGZL(:C!Y"A7D\`CAMTS5N#&_6,/5I+:+*UE*-$DI0!?AQ<PLIS04J08
M%OQQ>]'=,N<;_P#695CF84B6R:7-<'FP%*@VJ`N='#.%(,F80?#+B2,+9E5&
M"'LD-.>@=2I(-#J7&M(X-B%J3G):*E-F^NN)6]9E@\.X)6&D'$:17$W%'$[I
M^K#95JR0@5KZ10M+;U=^'37-*N!#G&RE=%E*>>.&W3-6.%1SF&SITM;2;Y0B
M]5`MZ29R5+$W>ORQQ&T=9`GC%V3*"N&&-%0``B?B9Y?I-_1RW2I`TG\0:#[K
M:7>,")[.RF,5MN\I:H<"4PP6\+^M=)<5=Q#93'!WVK1;:=CB>1,,X.E3'"8:
MRH)O)`QOUC<M63;VA<[B+5!ETHU%P45<OT!]WNVQ-QC)#_<=\J)>:5``M6:/
M6];PQ,DN;F-"M>AYL%P[@Y6QPV-VJ;ELL:7^TE-$-WLGO6W.)W3]6%-`%9AS
M'>H;(.=@'MTB.&W3-6X,;]8W>+WH[IESC#_\=F69$L.;M&C1MM&2F)#6A&B3
M,``]Z7$C$_R7.$WI[I\2MZS+$R8XBPY4`)-9^UY#$W%'$[I^K=X;=,U8D3'#
M/:W-*D9+DW>ORQQ2@$&>V@E/[3#105B6`219!I*UQ/Q,\OTB]LF;/?,S5VYL
MVAZQSTL._H1,EBM[2WG$;.9(GMG_`.+9EW,108XDO;8<]DUUC!:!/^V!C?K'
MZ0^[W;8FXQDA_N.^5$DEJFQ04-Y;Z\L3W6E*4MZ/]'P7#N#E;$MS'V'2RHH6
ML)';CH>F#^.*"1H8/##1,G@M#FN0,31<'8>2Y,E*FT:6KC"0YCIX1P0YF'PP
M?^YM.=6XL'D(B7*%(EM#5Q!+EED\!JD@%BUE<,-_'&<4T/3';CH>F)A<^VZ8
MZT2B>J&_[MQ[I8:6N;+"EUD@RW%WL/%^$V<MRE23--_%+$-FS6L8&,<W-<7:
M1:;[6^S#'L?8<Q;RUQVXZ'IB6^9.M"6;0:&IZI;A^U``=9(<'`UU1VXZ'I@L
M?/%EU:,],3)1H$QI:N,)';CH>F.W'0],2Y0I$MH:N()`8R>++:E9Z8[<=#TP
M076G%Q<3568F/ESK(F&T6EJ^J&X?LQVXZ'IA[WOMN>EY*OI,_4SVR2Y+,KA!
M^(??K<F(1.*V<QV<+U$`_P#Z,P+>,J3YH?PTR=M)CP]IG$>TMX)4L9O%616@
M:^_3_DC]WXIGYD?N_%,_,C]WXIGYD?N_%,_,C]WXIGYD;.T'4W@@J2^78(FV
M'`55A;V,0ZU2;#J11_BQP'E<T@!`=$!5M55DB'S9K$".#31R<IN&R0#L36%O
MMQ1ILZ)ZT:;.B>M#L]ND?5.'WHTV=$]:--G1/6C39T3UHTV=$]:--G1/6C39
MT3UHTV=$]:--G1/6B7GMTO9.#WHTV=$]:--G1/6C39T3UHTV=$]:--G1/6C3
M9T3UHTV=$]:--G1/6C39T3UHTV=$]:--G1/6C39T3UHTV=$]:--G1/6C39T3
MUHTV=$]:--G1/6C39T3UHTV=$]:--G1/6C39T3UHTV=$]:--G1/6A;;.B>M#
M780MQOZ8,)7.VBBCP0[B62>%E,LVWD%UKPT4F)P%98X!,4`_K.+IPS/1`E6W
M3$)SWE74E:3_``)N,9(?[COE0X4&4,!I%`3RQ^*6EN=92N]R"X=P<K8ELE@%
MTPD9U%06-&5SN\T&B525K=?\$-<]LNR7L:4)7/<&X.6Y-F@*9;'.3$%BVYDL
MA4K/F@.L2PH5"7+DB5-1-HT.3&%N6VMEAJD!25H*8(%$K-*UN\T:,KG=YHFM
MF`!TI]G-I&B'?[USB2Y?PY#7-0F@K,O#%#7..T=?<'/]&2)88H#I<Q0I-3F)
M7C^I'%#/=%V;QG$RI.T8\.ERFDE5O(J;1>2)H>ZRPL=:<+P2N&/=Q7&G:E)3
M!,FVW'D;7#1+>][5=G3%MTN)(<M*C^!-QC)#_<=\J&E[EG"EC*`@*BBHF"\G
M"%I4J5IQ7#N#E;'#8W:INMWLGO6W.)W3]6&M#"]SG(+)`O<JQ*)*FR*?!'#;
MIFK<&-^L;O%[T=TRYQ>S*/\`T[+.-9D4*<YU)KKB3NINM+^HO87O:ULMA`:4
MI<7KDCM9O3,43)O3,,9M9J%KB<\WBWSW)CW[.;_Y2T#)EB4+:^Q5:3[43;9L
MLLFT[`$@\9Q/'2)LYK;$D`AC&"^4M.I,6MHV=;+G;27HE3>KJJ_@3<8R0_W'
M?*C:VS6MGP)=.X.5L<-C=JF)346VM"$FA*DQK'"E4I``0&MPPBB&[V3WK;G$
M[I^K`8X6@]R)X\+<L,]T5XHX;=,U;@QOUC%I/"A3^A5<XO>CNF7.+*H3)E-!
M-&DZ8.7#`4(5*CPQ)W4W6E_49VZE:TR"A5*[DOW'Y6W'3GS^*=QF=0&3=FH-
M`#;-A(F3!:V<L9]ICFWEJ<`87BV3I/!C1X793%?RS"&U?9@&6++*0`19T2E1
M3!_`FXQDAT^3*MJ$]5*0W"YI]2/VVI^;'[;4_-C]MJ?FQ^HG2['X9;ZN%J5.
M?@CAL;M4PW:JZ6XV2U4'A-=Z.'(5**G.J!!T1BAN]D]ZVYQ.Z?JPUTQ4!HJ\
M=JB]#+.C9%E:T2.&W3-6X,;]8Q.0':`V7O<:2A-ZH7.+WH[IESB"U+6RDI:J
MI>^&O.D=(54^.).ZFZTOZC/:ZITF6#SS(>DI\MFD203#2UI>Q[DJIHY*#S1+
MH=:V+S9M.M*K2BUQ*6:)#"[/F%$1#130(G<<V<9/!RJ.&8@_%L^LY0J.-`2"
M32$IH7Q0?T7#HT.##-GYJ$E-`9U^^D!L^9M9JDN>!9K*U?P)N,9/I<-C=JF&
M)96UZV(C)$DEI_"+"T62;].=2`D-WLGO6W.)W3]6&@:5H(A(=@H13?P0PJM`
MICAMTS5N#&_6,<3HHM!'O$\MSB]Z.Z9<XLD!P;(EN1U`H=,-Z+5D-4F@&UXX
MD[J;K2_J,^]^%+UID/;*:V8Z@($%ZD5MJPK$N2X%KK6:VS;I5:B798EBC:?I
MWT)0N;>A'!0:P8`<P$"H$0IA\T3&G8:4VEA;@IHHAK[3GAQ<6N>$);:*&]>J
M_@3<8R?2X;&[5,,8K16Y7E-&\#6M-Z)5CL"EM-/QWH;O9/>MN<3NGZL,<66J
M4TGMY?4!)I;#``@`%%/EICAMTS5N#&_6,3'$M.T1^9>6\;RW.+WH[IESC#_\
M9OS(;8-IN'^@W)$G=3=:7]1XG9Z>QEV<:S$AS1::]NBAMN055K>B6_B"ZW:(
M5H=7;Y!A`B6:>R?[WJ^.[/J[-U=55^),U\G@YC9=,O/F6>3U:8'ZD-$Y3:#-
M&NA%Y/X$W&,GTN&QNU3<#K1!!!K*4%:JH;O9/>MN<3NGZL`4Z05*?-EA@P-%
M<<-NF:MP8WZQN\7O1W3+DW2SI<H"R#>>^TAPH80EPI)1P<74F_7$LL4ALN8I
M0BMS$KQ?49[C4),LF_?F007-FL""D651%%^B&2GL)*DM9*)]K[M2B)<SU=@]
MU^K-OUW9^[=D@.;Q<@M-1$H]>`.(<'S5*N:$%=%&+^!-QC)%A\P!PK$=J([4
M1VHBQ+F!SD5.2.'>\HT.<I^Z8[40H>$@!KE.TE'FF-)C3$<0UKE<Z6\`>"`V
MUF'2(;;*WJ"L2VF8T%K0"/!'#@U[)FK<L/>&N#G*#[QA!,!,:8CB274.F`M^
M&P>2-,1IB"6E19&7ZE/::C)EB@H:YE\4P6RP@-)I)RPCVAV.)82C9OH\+?XL
MW&,D/9,%IMEQ3E27YX[(1V0CLA!8P66[$E/"V%FO;+&%Q3+'[F5TVQ^YE=-L
M!K>(EEQH`#Q<+G%`*23'[F5TVQ^YE=-L?N973;`<TJTU$7"UT^6UPK!<%C]S
M*Z;8_<RNFV%E3&S`*RT@Y+@$V:R6M5IP&6/W,KIMC]S*Z;8LRYS'N]EK@3_'
MF[68V6LJ6EH@>L_#'[F5TVQ^YE=-L,/ZB4EA_KMPM_BS<8R0_P!QWROH'<'*
MV.&QNU3`=.=9:;Z&XW>R>];<XG=/U;E%R5BN.WL[O779^)GEN.W0UC=X3>GN
MG_7YN,9(?[COE0Z5;-@`$,3"//?B;+<-`E#_`%CN'<'*V.&QNU3$M2C;=*XB
ME2F!#=[)[UMSB=T_5B;[CJ\7)3&"FC"E6*Y*Q7';V=WKHG8"21HX<-9\-5R?
MB9Y;CMT-8Q*I<*D1R!0:?%SW.$WI[I_U^;C&2'^X[Y4/J+1SVD'+@B<ZTK7T
MMH(HHPX[AW!RMCAL;M4Q+M56\-F\;],"&[V3WK;G$[I^K$SW3575`LNM@F@J
M3K(;DK%<=O9W>NB;8:C,Y'`$4VJ5H`-."Y/Q,\MQVZ&L88XS&@T6&FOE3Q\_
M)<X3>GNG_7YJ\E\X(<!58=\J'3;#@#0ONJ,%7GB8)4MC"RAUFS35@N$&K8G*
MV.#^]JF):OV>?I`D>J<%,"&[V3WK;G$[I^K$VE,TX/*L9A4+6J^-&W)6*X[>
MSN]='$$)6X5J=+&MR?B9Y;CMT-8Q)SRWPBFFJL>6YPF]/=/^OS<8R0_W'?*B
M9*>Y5I`KO\A*4$5PCI18$O\`^P7#N#E;'!_>U3#&87+RH!>I;?(J,`PW>R>]
M;<XG=/U8F8DOFOW:81$I/)<E8KCM[.[UT.?3G!7@^JY:CAY+D_$SRW';H:QB
M4_9"PHM3*":*1RA#@N<)O3W3_K\W&,D/]QWRHHNG<'*V.#^]JF&/=+;,0IG&
MS0BU^"&N;0,$-WLGO6W.)W3]6)CK5C-.=4D$S*1ZCZ`O@"W)6*X[>SN]=#P'
M6Y`+E4(E\(;]R?B9Y;CMT-8PP2RZ6YR`/5&+6A]JYPF]/=/^OS<8R0_W'?*^
M@=P<K8X/[VJ89LT%E:5(YJQSBXW>R>];<XG=/U8+;1:OK-H,6&U5K1Y$N2L5
MQV]G=ZZ"\*7NK<XJ><TW)^)GEN.W0UC&UL#:>U?N<)O3W3_K\W&,D&;M'-)P
M?UR1V[X[=\=N^-KM"\V2VGE3JQ*SW2YDK`U;R7Q'[IWPQYH*\2X4_P",>:`'
M\2]S0YKDL>R;6#DBL\QB9*)($QI:2`;X3!'[IWPQYH3]2Y$KV8\T?NG?#'FA
MLL.)LA%(/FBL\Q@[/B'M:7.<EA=(VC>Y8HXEQI']L8<4?NG?#'FA[W3'3'/1
M26I5B$5GF,;5DYTMUFR<U<HC]T[X8\T-<>((+@"EEOFB6^9.+]F;36HT4H6W
ML?U^;C&2*7`1ICGC3'/&F.>*'`_S.;C&2'LFA6V2:"14):4A,,=F>F_SQV9Z
M;_/'9GIO\\&7*"-V+C63667RL2F2K*S":7<@6]&E*YG>>-*5S.\\-<[9EMMC
M2`#Z[@W#RW)LT4F6QS@,06-*5S.\\:4KF=YXTI7,[SPR8Z@N%*7'.9LPT/>T
M`@KF.+</)&E*YG>>-*5S.\\3)<VRK+)5O+CQ7-E*LA&VB7+A2]&E*YG>>-*5
MS.\\2FS+!;-=9S5!T2[_`';@V:6G.:T+528TI7,[SQI2N9WGB9-64=FTN1'7
M@N&[+FK*&T:'(CKX7#&E*YG>>-*5S.\\':)::YS2E5!^J3<8R0_W'?*N5W#N
M#E;'#8W:INMWLGO6W.)W3]6"YVBT*85C@X813<E8KCM[.[UT$-<"6T.%^BBY
M/Q,\MQVZ&L8$N8ZR7:*U7.$WI[I]R5O698MN:YPOV:8:\!+05#'$[I^K=X79
M23-)E,\&:/#=F[U^7ZI-QC)#_<=\J)A%=FA/13!_5.5I-K.+@!3]I#$L`V@&
MA'5+!W!RMCAL;M4PW9NL$N1<W`?:H@6W6G7S#=[)[UMSB=T_5B9B2^:_=I@O
M*VGFD(`*,`%R5BN.WL[O70^8Z\I"-LBFM51QN3\3/+<=NAK&&BRXR:`\5-3&
M%)3%<X3>GNGW)6]9EAQ6S9+7+B<#R0Q`@`_J^[+'$[I^K=X(-=8+F-"YW^/[
M-,`/<+1HP*>2Y-WK\OU2;C&2'^X[Y4(Y^S:N<:.:FBF&[%RM:Y6N:;'K?9">
M*)9>ZT2`;7)>@[@Y6QPV-VJ887A1;P+>.`@P(;O9/>MN<3NGZL.1Q:2-("T1
MX!#3-)+S6K;/@2Y*Q7';V=WKHFVWN<U<T%A;7303S7)^)GEN.W0UC#!M`AIL
M+[OVAX*+G";T]T^Y*WK,L6&MM`G.%6+!ZR0UH%D`4-/]&.)W3]6[PK"#V(<V
MA5=9`2_331#+37)FH5:E>):[DW>OR_5)M)%512]#A7F.K_\`2AQV8F?9(M#F
MB6W9VFO=2T*FE]H4^&)8K1H"UWO!!"D?@FJB^V.%6G.?D,2PT"S2=*S3>O&\
MMQN]D]ZVYQ.Z?JQ,2NR42N%=6OVO]_.N2L5QV]G=ZZ)S32%*:6'ES<27)^)G
MEN.W0UC$J6N8ZND"_P`H*^"YPF]/=/N2MZS+#QBI'O#E$,H-%&=_1CB=T_5N
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MK8X7WIF0P-HQKTJM!;C=[)[UMSB=T_5@L5%2NF_5>K@MH15`:+('(!3<E8KC
MM[.[UT6E::$=9:A<<+J2IN3\3/+<=NAK&-H%H+41R"S?47[G";T]T^Y*WK,L
M6&!::<ZSY"L,8:VA*/Z,<3NGZMW@I8E[0;-I(L.=ZHOBB[-WK\OU2;C&2'^X
M[Y7T#N#E;'#/<MD/>I`)O'!%9Z#O-&D>B[S0QC+1<9LJBRZ],:<%SB`*3LGH
M/NQ6>@[S1I'HN\T5GH.\T2E"9M^XYDRT';2;19=?F.(O1I'HN\T5GH.\T3WM
M6R0P`D$5+AN6GK9,L`%";YP16>@[S1I'HN\T<,):FS,)=FN%&S>+XY;C'4HV
M8PE`M"\D5GH.\T:1Z+O-$]C;1<Z6X-%AU9&*[(8ZT'-EM#A8=6!BC2/1=YHK
M/0=YH>ZE'3'D*$H7E^J3<8R09TN<)9/(Y;RTA[?9$?N_%,_,C]WXIGYD?N_%
M,_,C;S)HF&R6U.6DB^7.]F$9L;*E%M+7%4CG=![&DK6Z_%4CG=%4CG=%4CG=
M%4CG=%O\&I*W15(YW15(YW15(YW15(YW0GX-8-;KQ6*I'.Z*I'.Z*I'.Z*I'
M.Z*I'.Z&L_"S0GK1_9_U1_9_U1_9_P!4?V?]4.<YTL%V`$^41ILZ)ZT:;.B>
MM&FSHGK1ILZ)ZT-<]P-F\&IY3]6FXQD_G$W&,D.D29I90HT4H#<+''UX4\31
M]W\J+3.+#FX06'Y<?N=3\J/T\Z9;&S+O52MJ5-;ABDI&F.>-,<\:0Y[NF.>-
M,<\:8Y_Y5-QC)#_<=\J"KK))`:MFDX,ZB&S'7ZTIK*#1A1XPF6#N#E;'#![0
MX6G4&GU3'8LZ(CL6=$0US9301-DT@#_*VYQ.Z?JQV+.B([%G1$=BSHB)/N_R
MF;C&2'^X[Y4(5SB@LT%:Z,:)&>;=*.*A-/"XBCPPVP00%%!!2FJ@F#N#E;'#
M8W:INMWLGO6W.)W3]7Z$K%_*9N,9(?[COE0LF7M7+2%2B,\?B**`"/6H05BB
MJ*`07&TY55?#!W!RMCAL;M4Q+P%]*5U7C>@"GPPW>R>];<XG=/U8F$5V2BTQ
M:IIO$D\WHN2L7\I<6AI#L)3R&'6J#8=53_BQ0;-9(%\5G[()6")A,PDA`Y%K
MHTF\E]L,*6:Z/#B;DA[L$E.<CS1PV-VJ8EBI]+FN1IJK&=57`AN]D]ZVYQ.Z
M?JQ,#JB$I"BFA:<$)RX`,ER5B_E3_<=\J'+2**TP\H(@2P6TV@MD$)2*$LCP
MP!1X`@YJ8F;L98X;&[5,,,LMMDU/-83GK2`YS;+C6(;O9/>MN<3NGZL3'+9(
M:4)*4WJ3#B\-0:+VU'GIN2L7\J?[COE013GT!.=/"B1+VY:6K07H02IJ7Q<D
M`,*MI0T8>2)F[&6.&QNU3#0Y[FAMYJ>4$W&[V3WK;G$[I^K#F6BVU?">4$1L
MVDD<MR5B_E3_`''?*@.EUK35@*:1`K2`'6F5^RM(+?M"HP&JJ8O(D3-V,L<-
MC=JFZW>R>];<XG=/U?H2L7\J>93`]]DYI-FA)=*H8SN'`;?L32OB8O-#=APL
MO9>JDW_@C]JSXO\`P0ZTULM^SI&G?">Q7$FU-;;!-@6#313ZV"--G1/6BB;+
M`W;NO#=M.E[/:2]&6Y5MA!IFLW)X>ZPPRW6G5H$K2.VE?"=^9';2OA._,CMI
M7PG?F1+#76PFDB+X/KO_V@`(`0$#`3\A^+'0V'E$P3:Y#CCH^4P#;VV&QI)4
M]S$0DB9AVKQ/PMB8T\'YL#X$1#$->`D85SEFA].1]]_3UI;QXGI78]J/@EU'
MT`6KX"V$PPV8<G(3?)JAQIV$R7C/RY$'?=W3O['M1P^V@.FR_=2;D(BLJ[,^
ML-$2OJ<2;Z]VT**M)B&!Q.)BH<)QHO;)E>M00^X>QOKP[[NIVP4I@#6FQ`J5
M-S3IG]CVH[-@A0E:"5GYVWM1-(3($V`E9F5O2C21-&9E\B^[Q)OI3U?F!F).
M.L>J$BIG0BK-Q.5A5AFE=+*A#T.'?=U`2A702[$>:<#**T8L8("0(NO;I?P6
M6`.N6HI#*TZ<;`?2F+VF<]5A<3>B$0$DRYO2ER4"242G+@F/'$F^>-MX2B(;
M&#NIBC$*$2I;.0K!'RQ4P0=$?,WW<.^[JM$L"`E;L%IK(11A5>1#3Y=+_L.V
MNQ[4B:"1PBV^GKI4<+F#EER;9HP&(8!AB!2WAXDWV:<BA.B$%9"K;2;S5QB$
M$L3D4Q,JNKF!9L1X)ZUYZ8-.'?=U*!*\ER?,-'9NEL'P"<&CTO\`L.VNQ[48
M+9WPA5FQZ1O:E>3C_P""6R/'(3?/73M";P92?:ETI=:H!P!;H;A%06V_++-?
MAWW=TW^P[:['MRB9^AE;5`?-0R6R66BP)6OY*D,R(!P._P"ZOY*OY*OY*KND
MKL.VE(T0#`"@C<HVX$WT\=BA8^W@3"FU\*2+!@GO0(:9!"?G78OXI,K09."?
M2C3BD`1\6X(``0EQ&NQ?Q3JR6+$P\5V+^*/&"@+`>.D]AV\3UD(D4M\HKL/\
MUV'^:[#_`#78?YH##->]KL/\UV'^:[#_`#78?YI]=")5;?.>E]AVTW`(2T$W
M+*[JA<A+<_*Y*R<R-@QGZQ78:&CR:\3!"5JH?-4@R$X%@XH$!"EV13`@$K%W
MA+`"X8"5@OCD0($"/0I82SX83@(A?D00"U"19XH$#9A@C%.+A?@/D-W5T2V/
MSXH$`:%4AZ@P`IA/^_L.VNQ[4.`+EV`FWWJ2\MQ!064W+>.0F^6;&D[=AF;T
MY29D&<<4'?=WQ/0/I'PT(F[4UCST'#V';78]J7+F.<3D;+5I=9F6JWN1FD%@
MGQ(),WXDWSWHY.%UP81(M,%5MY/I+>WGB@[[NX,;F+-MJX,M23E]!+5MGP+=
MNK+.,<C]^4H&873),5M^=EC(`+$%BE"&$&8<QZ5+?G684?[^P[:['M3<]@B5
M@!2+Q0&T6+Q<,C)-E\4U15,V1MNYXDWQF04=]S!YB<6:,`\>G%!WW=1(&4(P
MSL2-PEFS%374C,5[_-'LF_+Z`)FJ1A8MEN]<_?B_A@V%L39F@.2@:&"YG*UV
M/2TH9@#@`3+BM1B.(P)CYBOU_P!X(#F:^CM0E&+N*&-2?91FXVA)MD#5IXK(
M^VH)*M[R>*O)HP$P9@!['$F^<%OIR-X;K"B$J3UAY3>W%!WW=6G^0!EK3<$Z
MQ%.!'<1L'(R-[._+E]`\'=LCN(;AZ][">1]@D$25!YW:DR!/SCA*09B%MJF'
MEQ6PE<C4(+9@S0`X@6QHK2Q[_P"_L.VNQ[4C<N7"!T\VJ$A:7109\:4V46D*
M%C:"YMQ)OK@)C%B-075)C%0`#3RW?KQ0=]W5)X;+4G<4'DV\E79*2(R+-<B3
M79CE]`3,AT6AO&LW>9Y'X7RNV1GSJ"C,B2N!K?*?-JM/X0DLPQOF9HP&-$(^
M226\?[^P[:['M0H&$H<)TT6=BITS2DR325)#$WI$26")<_/B3?$%$2DP_,Q)
M^=,6,)Q0=]W4$:.$$T`1W(R:D")[>>7T$'T4*D;89N8"$U->1^1D!U<!2,P'
MI(9E@RF;&B2,U1AFP5)0T`$%+T:>G^_L.VNQ[4+%$0C=^BB<.&=RUSU/(3?"
M&%0=+=$P9",Z1%1C%NUNY\O%!WW=S^@;5QR@'(_?/*(&)TV1H2W/*;)\1?*'
M0</8=M(_BR6(O3#L(BF2BAI[.S"=JC#V9<%RO#[,L350V]78;1I4S3"4E)7/
M#7<?YHPK`-E04L8!SL!,3>`X$]<020A)(2SIP0,:^J&N(9NUX(#0APJV'F2_
M/A?2[`I(`"5FU'QER.S&=CP0*R,,PM%T:\!\5W5)AN+[\$#S3!'=);$*/JJP
M6*I7)(8_W]AV\6WM='<G<WY2"""#@-Q>3??E((((MHX?(+._CE((((/!@]0(
M:[G,00001<*;KO".@=AVTL@]*W)QR?\`]^"HV\$%]QU/L.VFUAZH@C$B86N^
MOQ7?7XKOK\5:M_"9G8(-*`R38VMA.HXOOM<K.Q5?&W!#3KP):26U.1]]^'**
ML03Z7X(HO'`(O')Q/OV)QN;R)/`B)XUE5/H.+[]U;]LB0,M?][L.VNQ[4:YQ
M>F7`2ZY<Y0F^*/MC!==`V'F*(0.E@??B@[[NY_09`,,,;G*^DQ`K+$[F1]>@
MX>P[:['M2SC`ICLK$-2=#>K&"$H1:QE+D20%^0F^"=,O1#$W:=*E>S!/%!WW
M=0)6/MOL]:,(\)-[8O$C?E]`5!/)`6@D$&-%M^1^^^MS3>W!2/1+*%<^K2@$
MNQ<??H&'L.VNQ[4&%1=PGR`?-E$7J0$EAT81;`S@RS$O(3?$G-,S$3C4M^:^
MG,Q^+<4'?=U"0EP(WA%WY59@(O!8RK#\\1R^@P0N%MRIM$Z,OACE?2!9[0(G
MR'7#"NI4`#'82O#*3L]`PH!H2+Z:"^&,^5,#4#,)PO;+1%Q!4B8))]P`",9C
MD)OKYC`(,F8-;-R;)-""V#'%!WW=0:X"8)ZV$IA<*,R0RS,/E@Y?0'2(6439
M871:#D?80`3&&S'&M2WPCMPNEANDOFA81,7V?1]+&.@8>P[:['M1RDB20-%N
M+$6K+TB]@X>"8U8/1R$WV=1D,(7I-J-+)6FV+/UXH.^[J39DP"ED3(#$S%/)
MV*'82FVG+Z`7[(`#7'?!'BW(_(R`ZN`IAE$%VQ&P^8(:#+(5/$LP=`P]AVUV
M/:B!$219R$+4A%UJS_P"/5#+YY";X,S6O%+7<&<-,T86Q'%!WW=6(@($UN-J
M\)A0>QR^@U9PX>JSD?OGE$#$Z;(T);GE-D^(OE#_`#X7;P)3H'PNP[:['M11
MA4@"6[N\A.?ILVR`6%GQP0"X>+,->B?ZM!ALC(1N\&87LRJP`X(+OELJ/3@0
M+P,2$)ZC<X'?C.0,+)!LTC<9B4KMCYN""2DQ;42@"UX$MD9*,C8YUX(`0F7`
MPGAH4VZ`KG!83_*4%[Z2Y>(I_)4(1.@QY2[2*S/NT;R!,V-_@=AVUH-X`P%I
M)()OP.8R-E%F(O&O+]Z8X;(1#2W2V9:[0_-=H?FA2G+_`-E=H?FNT/S7:'YK
MM#\TXAS)\3S7:'YKM#\UVA^:[0_-*`>]Z3.M=H?FNT/S7:'YKM#\UVA^:[IL
M_P`T0$?S"3YE/E`&Q;E_J!0Y!0DP*2M(KGK\#L.WIBB(8(K<`"Z4>61"7SBL
MCBX3&.K2U;!PAB>1EY@J^2K>#=WO(Q8Q\#L.VI(J!(0&E#DP17\'3^#I_!T3
MN"--L)>)F=$L*7`+\A;\4"!<F7C"$6,7XX$X('A+"<;<B!`@@I@N(GP*_?@:
M;)WBZ"6;\<4"!H\`<B=D^J<(_D,U4@6..*!`HI=`D3I2V8X2\)U!6I@K[\4"
M#0N7TS0F<3''4N7T10F,Q/%`@EXWJ&M3)3WX`*71),Z0MF.*!!/\AFB$&YSQ
MFE'!,H@8D3C::2/`/)D48,P2N*)00*AG+AM0`-F!E]*:+4#1(K;_`('8=M=C
MVH<<28)@U:LZ2N^!C-[Y<A-\CA"P@7$N#"#<)I_H0NP7:%8#GGT`/#ONZK<_
M-J$^:M0N`@-U!]:.T`!\^3T`L7&1S4K$+FI2K$P8U];C\GD?2%Q/7:%1E*;+
M$D_;CA[CMI`9A]1A$:8F=8B_!=(:%];]GB&I84382KL%X]QW_`PI"CZ#$E#V
M59>9`,,A#,UX60S$(F*!#0N8+617Y7HK4ND;(20DB;_`[#MKL>U%9C7K@6.8
M4KHA%BG`+K7@IK!=8C"<3]SQ)OKP+!@MFR,+ZHH$,)/OWH1D+V1-H97UX=]W
M41/<6_"B5S1+09!@+R5:!:Z+K-1M@3@D,>I]^3T"2.#B,B:VF;,:FBDEP*E&
M+J)NZQZ`Y'TB0!PD1`'EXMWR4JB<$>Y6)3=F$S#,6XX>X[:8"*L2)2E628M%
M\4S#%G>B1/,Q`O%<#O5X36"P(;"TLIE)/C6.%]6$XQ:XNWUF+Q7<=_'"(6U'
MRB=%[P^.5(<%!RWAQ\IJ`<8BE*#,/AJ[J025"3LTI>7(`)C56(#YVHYK5$`E
MT27B3X'8=M=CVI>8\L;-+VH>-RVXMLEYN#?VH`D``)ALN3#Q)OO`8`DM=,$Z
M"*PFBH2/"PT/J1:@N+DT8$_(GAWW=4)<3#38E?)3@390H8Q9."V<E&`F=1AI
MZ?=?D]`1$J)F+$A";@C8K,/$%X!F34[\CZ32L8Q`@5Y"DHY6!OR+WA]'IQP]
MQVU'&%-F<\3:0&+SK04<`NO)$A,(FF]67%QO62);7CX4Q/KG0S&M2+!9F(9(
MYHD;Q:7%+J!+9C1>+5W'?QPJ>0A!6QALAM$W>#E2>Y"Z@$.'4YZ&CGUJT9H8
M:&[<=(K.26E/<0C\A1^Q71-C$FP6/@`EWO>W0193CI+;B?6HKRDJ2;DB",VJ
M(H\(O,8?*%WC%)NY4D),)86?7B3?7-/*B%)=A9%\8Q165!EA0XB:1+>;TY!T
M4RDA!SXX=]W4+`B]=7(S^B@F.&3;H2D2DS-65!-@(?(R<GH%#>,<AEP2"&6V
M*<&`)#?J`&(F+8UGD?2%AEB2Z%$2D<H9]!47,`BES,-G+SKQP]QVU;!DP")E
M`R.&]G?>V^"!>2(O(M=/8%7^BB`*G`+Z(<8KBX#(3F*16ZIE[D"X+:A*]ZEL
M&Q:7FX#BUK;MJ[COXX6,-*00S4F$G2%YDC&6K<"#.`)P)`W4PDP4^D3XFH\Q
MP`*CCSX"$O,AG'P.P[:['M2P*0!2;IM>EXW&)/$#!Q)$33VJX91,O$F^:`K!
M0-HA8B,5X'9>Y%I4,;T>2R2;$42>'?=U.&2&`NE:6FEML&F-B,*7(M8Q7TN9
MO;T/TY/0+(L)BQUQ:R9Q,3$%#(2`FFEU)!:ZWOR/I!BB83C23A+O86O)1%8-
MF/J7892P,7\\</<=M!$D')9-X+TE>)\T?84I8`RK0)+9!G4$W2]K;<7'-GVV
M674#-/A)2-,IL6R^.Z"<8#:G<=_'"1DI,8`A+DXQKRI)'(RH,"6#6"B$,6&=
M\+)&9WOXJ"&_+!,B[TIVY(QPY-P;KY4BNG0JB6=U2-+$`LBY'FUK6M*[2"9#
MG#X:[#MKL>U`HTBP]+[E`@?(KM.HC9J2AK'8PAI&W$F^S(`&A>1>Q:G&2")"
M/85]:NPLQAZ3]WAWW=1%RM0J6$!"HE@HE&ODOH$C@&;YB]1SC29;;M[\GH&D
M#+M>NE(7:EB(T-69$+VMR/I(&!"OF&&;:/3<J_9EVRX6\#P'GCA[CMH8V<AL
M$(MK`B(^;0NX",>:F:)P+,2S]>+BP&Z*07L9Q?6A0E@"P'#N._X&%)![4L6<
M2NEX4^GO4'M^;$R)?*CL0$U1`>)EB@S.!)+D0D#(RTI&LBBK^2K^2K^2K^2K
M^2X8=AVUV/:@$"XP&[<!1\FDY:P3=NKUV<2=P5"R2!(%FH(+X+W"AJP68*?5
M"G#5:##!```MW@NPT915`!=7@@O1[Y>W`@BE))H>HPG`/\6@PV%D@V:3R9NE
MG'S<$$N'!.HE`C7@X,,:@R-CG7@@')68##Z)2R30&N2%@.#0#@X0,L*1Z<$&
MD.F0F/716>);)(%]W''$MD$2VZM)-<#,^FK@@:@<'*#AA"?3A=)H#7("RBDR
M1F40>J\"`P88U)@+G&G)"O!Z6@FV2!`]*N+;,L1YJ%_M4+5SL3->:7+-]0G,
M[)OGBZ<]DIA"F9">`Y<.P[:OE`2\HV"7EGD.'#C!C)&VSP;Z7^`0]QL^'@[1
MLY>P[>7L._E[1NYD4\H`W,`H;_LHUH(K2J`FCSK=K&<@+(B:#8I=4X60P&D\
M72#N9=K<P*LA#/K')AV';Q=(-T?%G3<Y>G3IT-`LGKD\KITZ=+6Y%'>9^SEZ
M=.G06ACT-#Z.;ITZ=.CD(!721RNG3IT-,J%\1'*Z=.G1TRI3S$<KITZ=)8,1
M30D<IJ0TH@#RT0\R3$7,.'S4)"B#+";5=+L@6L@,I,HVHY2,SBADUX+[.+K7
MQP`3C!<!S&IT*6Y`9.W1#]42?2UQ:Q95TL$K=*=L%(81UX8=AV\Q,D-UBOY*
MGT"1(P._X*'0*N`7#T0%0#+4!ZJ(3O!5K,J2V4(DEQP\$U$TR0J:,-%2$+K)
MI4?QH/DS<7@S/PQLA2[QC*,I2C\,;"4US-QH)$"R%I>6-Z98F`%0\K<1_%#$
MEQL!7T:DZ*)DK`R_IH$BA#P*99$I-!R1HX?TU(T46!)C8*/H4/*W!?Q6&)D0
M5,SV`2;3RM8RALSRM)!\--39H5-^(LF2!(TAHTL%["!9]*1@J0GRU;%!M4I4
M"+#-<E&;\72'B$6+9D&00<WOF!RG*N8F:S!OZMB+B"T(AG%]+U_PA!C:(>W#
M#L.WFPA"(/2:[5_%=R_BHW'02>0.%W;W5W+^*O?69`@LF5+YKO.SA)$8$OFB
MNY?Q7:OXH#)B$#T3@EH!]:(LIZ`G61V;IK6T[*E&2*GR/A!,:6NY?Q4&1DLC
M=*(Y&1(VZ4T-`$ET;;VJ3<4`1G>*[SNKN7\5VK^*[SLJ3<5$5G>*[E_%$<C(
M@+]*,W<3WPY@PJ-@D"$B6`27=:GR/A!,:3FG`0C!P-/J+Q[4P2"$MRR,5)Q-
MH1N\+U(>E&C6U!LNM,&75XND8!4:9[-NA,[E7!UF@G$OO=^![I('-)@;W6O:
MVL*F@3A08/'##L.WG?``,-;OI1H8BP@RD:@O@1XH.^[J!%,)%E'W+E0WT$5$
MC!%]J[SLX^@1,";Q6F$$X2%:?%C)($'A'CAG;3Q8G>)M;-9>U"R3'3(=S]5*
M8#"#"[6=>#YVJXLH,YBL^LQMH.BUW';2HYT1G%BS.=$)8\7K^\[J.F&01?`Q
M8RF*;-<1M:))WLKO.RAQ-08R7G<T*@%@(HE%V-)KN.^F5<!9(+")$OL4$#&K
M1:$RR.CSORK'5P*FPO(DE!BW!F')T&W_`&H^7.<@\-I&XXNF:0*I]&\_F1(J
M(.(;-;QW+B"^IH6<C673PZ:MPMBXA^9:'Y48J`R[5::0#T\[[$10PP<SQCDO
M44<+&27!9T#B.*#ONZE"(BRH6#-9*<1O!%KSR:5WG9Q]%&IH2)2(D;^BH[SQ
M62(!"1W:>&'=)K`6=:0]:EQ2@40]():4DAA17RCO0*80LPXUE3`*"3$W,?P-
M:2V#G\O4:[CMI1H-ZP%6$ME+MAP_O.ZKT:TC$[@;F0-XQK6"LMW#,8W>OVBN
M\[*]+@!_4J(PX=QWTW/1!(7:*S[>M6?RAHA;P].=_0E2@F4X6R@U%F`.4P75
M:G)&D&!Y:E1*D0"NL1L;6MQ=6Q0D"`%""-3SK#M^>FX9DI7M<MM+U=TQ<;`C
MDT7TI2DW!ZO/##L.WG?1D";(!"RC+*-;9TI\"L@M\^TM/%!WW=PO30DIIE3`
M6\EMBN\[./J&$118`)?IE)B8BMDT7!UX`^(T\\<)"28O13*'UI1@>5:R7`LX
M5&`B-*35K+/K6E];Q9"?G4Q2P@M!`DP!H6IF38SD:A!1I%=QVUD`#`ZE26JX
MZHG)P_O.ZHIFRNYFB-!&M6(LF0\$ALW/5=:[SLJ!Q0`"=S6=5HOP[COJT.R3
M4IQ_+4BZ%UE1>][\S\4Q=`A)*="*1"./<C%1<6-*`4D(9P[WIF`O;&&PU):;
MM0`8PVD7H(L=.+IP,`G&LZ$6423'M(.3%V(-!-P=`?#3PK;P#8W6)J>4P&LQ
MJ^>&'8=M`_@RW`M3+LIGD]]]F6#HLK>KDNNO!\G,8N&Q8^Z!6$Q%CVA),Y'K
MKQ0=]W5-;5XRRZ9?-)M),B@B^+\[UWG9Q]-!M:R9D#GM-+1I6[-]E2?5B..$
MJU:4XOW$$9DI+-Z$&72"(X;WV*1M.8D+!RC4KT@P*V-)*TUR3(0VW:@I2*3N
M():T&7-V?3%=QVUF_3X%T%P(A9NYP</[SNH),V-I(,?<47<S*2+73@V2>9M7
M>=E0\:;PDSAL@Q;UX=QWU<>!E#-A38S2L38V99(,Z/3F?`,.XI$6?1UJ=RS-
M'42I=51[19)"S\FB@2&,';MZ670K-B_'H)?=Q=(D341$'2T\GVJ/%[#\-8W$
MUKQR8=AVUV/:D77;YN@#&/)_G(3?2#0J)M,`P:L8J6_]A$3,<4'?=U`EP(2H
MP&9)#*`T@]&]=YV<?1Y#4T$:!Y`$>A453F6N5>-6O'#(H4N0%BZP@QZTH&M8
M!<2E>+K3PJX91OM"_,`9*N8I">I2O2PWH$W2Y<T[)"$,+4(F/-=QVTL3$AJL
M&PLY[*_O.ZA`B)%81@LG3*2'Q0MVUA8RV1,^BN\[*CF2(((@NF^6)K15KT"\
M>)KN.^F[YHVDI6#:4/M4W:\,+`03%O;G?FP"&HL.9\/S%&RJ4I`02@,^:C4Y
M9,Y2_E'Q3<7)&`J8`B8QQ=`$67*G4UD08$73RX=AVUV/:C/E=-=%QGPMIEK0
MRR&Q=ZGE)OC1S$,.Q?-N*#ONZD"`)2P!4,0A"78S%Q?`!7>=G/ZPBQ/AS>&@
MWK75)R)C[T!@JT```!IR/X>X[:]4`&Y*!1^1XX?WG=Q[SLIC;9,"_D<.X[Z"
M,VQL6#97+6UI3@!>@)B2)CG?/QR!-;`"XP$D1E48$&G$H7J%G6BY?7ELS1IK
M+,<08DF^&L_`=8=AVUV/:DRGA=*=@/*3[T0)B$;FA"+:RF_HXDYRF(PLB(DW
MX/EN'W6BLV!\"8@F6O`:<*YO$TOK4T'/%$-9"EDS:Q!@?2D:@-92\^G!3&(!
M$T)A.:2$OR>R_;P?PY?H;0@ETX)@M@B^A(+:42B38N6%]*.R3'5V@Q6PO\6-
M(S:3;@^%4_<-<J6E+2;OR<XMP?7*M$!CUE2-2&,A>?7B^^C4!K*7GTH<JT06
M/6'!^PVK\IK%Z2J/L&F5#3@?L+_4C"<6EWYAUBN+:U48TJ8!H8"6[<-4I,-$
MW@\,.GE!PS?!8EF!%2H"+"05*#S>;WWWWU%60)B`$!%C4TB`YF/H[4`&B[A#
M&A?NHO#8().R-LVTUIEIY;(6.&9AF333@CUYR"-H?NX].ED_!>.G3ITZ=.G2
M^,./6?Z'3ITZ=.G3ITZ=.G3ITZ=.G3ITZ="W`)J,IDE\S@&;^0!#)!<TM_J8
M0WE;C$YM0EJ<92O'FA!($P@_,;*S);<4_D1,?`[#MKL>U&K5@@)9)`3=NGQ2
MV.EQ,6VVE#-]>).4W@2`70.W!*>!I/7)H&BWBY"=%_"`I"["M"?E1%$%FOJS
MA5E;H())A-5,C*OG$4/KPF+@MF>Z/"GFE8^E'W<$N7'R4&=</#@S6/27!D!;
M*>>DP@88U_%4Z=S&6:A.)?XOJ7VKMFW&7CCD\'$[DN#[TE`AE2)'H4TDW*Q=
MC#6*G>,E4M0$,7O\#L.VNQ[4;$6*4))"`PY6B;)$15GW6,BV^F/@$WR#ONZE
M%492&3,G0;5,`'<)87M7>=G/ZPY4%49A#34D#<95^9EGP_XD#&3=F"3&<:5(
M8*P`!!8#_O1A(OM<!]W`=4BZ5:^2+,I\E!%.>O"6^Q3FTJ8ZA-QG%J8<\HTS
M.AL&[3X'8=M=CVHM\(;,P,X8'^\I-]Z"D0D&$L"^2HBTM)NHD;!A+SQ0=]W5
M89!7.!P),:T*"JMU$/J+PUWG9Q]7A!(L!R"PMF4J^G)A8P(B@(JL0AV4BAM+
MH[MW?_&@0)`$H@X=GD7FH4I5LU,QK>-9J^HBVX)+PMXI&L;%G;*CP#ZTK\%=
M9)&)'R?`[#MIN`0MZ)N&1V5V"CL%'8*&CRZ<3)"5JX/G$$1,N11TFB'+1$2(
M<#T(R)4C>.*#ONZIUV(%JJ.B3R3;6'.UO7H$^8KO.SCZ:3;Q$4+(#4@QR89T
ML`.)!_-C5VJ%4D@`$K@#9.+_`.)`':23%DFY4$FQIL26%M/WO:L8:2>3#7F-
M0F:@7WS@_7;-7J$^"&NO%,M3;PL/41,`(?G3)L*@))M"5]*#(/G@)\]H`,"$
MAE$71`A\#L.WG?`N&C`LL;IJ3#FUZ@F`"3)EL"?/MQ0=]W5<PDR$#)1VN68U
MH@(5B<S;,H3[5WG9Q]3$0.:3=4@Y*M_M')A9;PF=2$*1%$(DB.<[5'_$@4))
M"^X-S%,EP@]/<)%6U,E8#`)S(13\W5@++[#MQ.D4A)C"1^586GPAZ#BE`I`7
M5HM.AM%,H<[BVC4<Z*S946,,,1\#L.WG?0*-GN-A"@+&0^:;`2/!J=471,2Q
M/%!WW=253(H0:8P0M%1M)$U$&)@H\DUWG9Q](@A`EN-F8&;VEU7DPH%D4TU]
M=$&H2#9P_P"+(-,:[C7OG4>TN68!$2B(B/2HGI5.;:2&^"O4%CU:>(J0A1%Q
MERT-Z#C:,BF)6B"+:4AW&A83O`=.GP.P[?@/C&U<@2"\NQ,<4'?=U)#H;1H%
MN3;)L_%`7*`&$V-8M-=YV<_K#.TNPB2!"P-ZI3I/!R)*/NJ->YC#!2#,O\))
M>R@J!K!*_*GWC,VI+FKW2=\L0?OT07%QM=Y]:EW=ZEE]2-<\=V&JXSS0(-E2
M(ZB4"_;L`MA)C#7X'8=M+(/*MR<3R?\`]^BHV\$%CPI5TQAP3%P\$DL-!X!@
M;./D$\(#,2>56`4O<J`"&F$3K'_:D"(E82$3?%$9`!'(PX&!FRA*O#'.$!P$
MAU+P^:.,1%:"4WE_B)*"I2)*T`?(U-#EQ"[REH((&2$QI]FK.K79&&/B]AVT
MYP6\0$?D+D__`(D28XEG?I0MI8!%=IA7>7YKO+\TF#995<`#P"@=6@`RK7>7
MYKO+\UWE^:%$672(ZB<'#S!L.R+7>7YKO+\TF4$!H^;N":1<)GTD5WE^:[R_
M-"WW%C/`K\?<KKV)8D3$UWU^:[Z_-8>@+8EAU\?%[#MKL>W,)OIP$@F$^4&*
M$03#Q0=]W<!!*D<)TOT#Z3#V';78]J/9908BZSE`'JM6(YX(L)$_*S>)Y";Z
M]'97`EF2))Q!0@/!WIQ0=]W5"]`7+HRS^"]1I$,"C``F-AH<OH)Z<Z1+Y6]L
MT7Y7TEEC*R#Y+YVW06'L.VNQ[46-94D"+#<S+A%&WNLBLAB:%8M>=^0F^*M'
M+%$.0C5L5"QB".*#ONZO+^6R8\T"XHX4A%Q<+_:W+Z"+V6!"FB2!*-!GE?22
M`XIH1D@-9`?HZ#A1"J)L&G9*P'M==-U,:!FL8#,+A&)SX-7T4338OEOP;_Y5
ME+^*-ZE?9O<WJ+(Z"`MS,[%T+XUK=38OOQ0=]W5ZXO\`HQ8+XN443SKDK`1)
MV`U.7T#-J\]8N**,ER&T>>1])BK,4`#JBK\N@L/8=M=CVI$`)T0$CL(@$Q28
M#E,LVLSJ2?)TB>!/Z^DH*[)+725*CD`T`&$'B@[[NI5B$N2;3`=6A4/X-`-B
M`6T&L.]^7T$L7Q@DDID+9C8'DY7TEG(AA5\DQ"EY3-^@X>P[:['M3``EEC=Y
M"?U]*4<,;!-0K%S0]REMD6CZ<4'?=U$E:@;<2!G2]+[?%1@Y%01ZZ\OH%M;R
M*NK[$2VEN5])#V2P8*))NF(R>>@X>P[:['MRB?U]*YR7&\F,"7&M0@&QQ0=]
MW5ZTL0>C4XUDI7*Y6$GSR^@74R$HIF+D/$\KZ26[$/$8.@X>P[:VD5A:P,.;
MQM7;:[;7;:TA4@PW,YMA3<]%'4)"(:\#.$4@U`P^NEE0F,E,$D\T[#_%25Z8
M@O"?+@9M-;;R<<)D5F5U/FP*[#_%6L3,<%[C/*HTMP1H(%](SP,N*9K")Q`&
M]=A_BM%41$@R9-^!E=F#'4F+RM2B.\"2O(#A_P"_L.VGX8V4*_DJ_DJ_DJ=A
MC81ZGV';6M5F,DN5:=IY!X\>V$R"F95U:;U;B0BH"X(VXI$CAN#%B4%6+^!;
MBB85@/MR)$B0E`1&$^.`REB6$HH,W\4B2=88"@D]$\#K.$E94"1MQ2)+_>6B
M).NOAP0PKU86IM#Q2)&&%>-,T/9Q(81YT10]W%(D0P+U96IO+_D[#MKL>W`G
M$@E@]=J&0=_ESDWR#ONZG^A"[!=KRF%![G+Z!'[(6Q4I,Y.5])#.PK)+&=/G
MR8>X[:OR&(9%IEN6M0.``6&^]=]W<4JX$-E8D)N\'TE.'<=_^3L.VNQ[451`
MI)&=/T7VHT=U"[@2H9Q/[3$-$%@(F//$F^>5L]'7NVH2?.-:*;7A"?:V.*#O
MNZE6(2Y)M,!U:%-%7R$YLR1V'<Y?0)LWIF)L(<J;D;/*^D2*Y8G\I`K@B-$Y
M,/<=M6[:"L8@&ZUKTV>``?3.I[J[[NXNS@8G=\KVJ$?B&XV*NG#N._\`R=AV
MUV/:F)=26)B5^Q<I*431"Z(!K0!QX)91*9!F.)-\`P8(J4VK%O,Z5](<4'?=
MU2BR`7(M)<6KK5KZ+X#&_+Z!)&'%L:`E!6$Z<KZ1H,3;,0B"2&4;GDP]QVU9
M0NZ2B6Y;(2AF*3F,(E#99E[UWW=Q%8!&60AM""5HW,-2'`8_&^84G#/IEX=Q
MW_Y`8QG.T=JN^POJ7&JA8#:9Y]4U'AR`")0SMV8$W;5?/5RZ!JDO8IDUQ2I>
ML>M2-*AES8Z2H$RMVP");ID48.*#ONZF$27C4BT8OM6_T)Q?23[N7T"^HHW`
MQ+M'R<P\KZ0-0A@(EAA!^6-;<F'N.VG/D5C!9R7$#*S;-8PI'"%0\/WUWW=Q
M9N&0@X+`2#,U'E(B9/DF"Z"1GAW'?_D[#MKL>U%!D3^B7>ZGXC<1D[0&=OE6
M63%*,HO:6/?B3,M#4D(2491F0<0Q-0\TO'Y+&QQ0=]W5>P($K&3>'[4)A($S
MG"Q;*3R^@OCN?*2063+VEY7TC$FF%X1+>8O9#XCDP]QVT&0*RKVN6F7O1`8B
MLPCR8])KON[BXLK`KSG%#=Y"0$@%X/%U=^'<=_\`D[#MKL>U(@BXNA$.;_J%
M$Z!L4",00@DUG=;RP,@GG"_UXDS+"4G,(3F)W@K'%!WW=1!$TD00"H&0"&]7
MAFL>X,BR2<\OH+[1FI:+SC'WY7TA=R75PHZYO]//)A[CMH=-I1H$W=Q%OK0C
M`%%A8TE^ZN^[N+6',H("<3.&[IKQ[CO_`,G8=M=CVY1,L,-!D28/#UL+Z5I8
M4"'91EA8)X$8H`$JRL!P]:%W;AO0`HH6"/LWX1[-F59A(BXC6X/KPWHH[H`H
ME$#$\$\,8'D9+'?AZDN*:(])S.P@710,@X2<*21`,L2>'K\C65T=LJD#YN*N
MKME`B?-7X'AO4'`DD2G#$'_)V';1?!@O"0#"NQR>^^[+)\I)-G-$:U)$BC=I
M3>#S4]A^U%@')ZU.U3V'[5/8?M4]A^U3V'[59PF*.ZSMXJ>P_:I[#]JGL/VJ
M>P_:@Z#'H6&GBI[#]JGL/VJ>P_:I[#]JGL/VH06A\HCEMM*[`L/8C7E>G3IT
M$(TD5D1E_P`UV';UCL.VB\@BM!-R2NZD+(9B?T$U,$L&O<KV&AZLGETHD2[2
MHF2&ZQ7\E7\E0R!UP`X*!+8,M?R5?R5?R5"((R.'I/8=M=CVH6#BX23+)8QK
M5G$5T&NY?!!C%`9@=Q>T'@3PA"(/2:[5_%=J_BHW'02>0.%W;W5VK^*[5_%=
MJ_BB`!`"#I/8=M=CVHD0Q([*T5F;*-6HQ)*;D8.I<#=%Z&$F(BXW%L.\[\Y-
M\@[[NZ;_`&';78]J&,$0HP6;^8*DIB`PJ\$M`=C19566*TN5XXDWT.$@!(S0
MA#=J(^:OTK9FOSF7WXH.^[JCUC`$%C$:SM5A\N`M.2F6,`B(MTOV(]FZB"-*
MDHQ=Q0QJ3[*W.CEB`D?!+9KP048,%&=309$6$`PC!DSA4\G8>KX'UDH*%J(F
MLD2]"OI#Q].*#ONZ@P1G8`G!%D)EFDD9'G0FED[[-M.F?V/:B,<L(L7$3]:*
M6$4Q@)L+PV$.8O2**21WK24/>N[;.#XI-.("]"Z[#&MJCU3+/U\\4'?=U((8
M1`F1H"]2QQ<L>MK"1KTS^Q[4MZE:2\(\I6-9I.0R$:E.0WJCS+<+5,89T,5W
M;9P?#)$NI7"H$>$\T$`;<4'?=U8-*$TG=7*/B*HL6_H'3/['M3:491,TD(2&
M_I4-:R0E!0=Q:OX!@4%O0#V*[MLYGR#ON[IWPSLV^4@T*%O-,<(N90VO_>K=
M!:/-_5.?-?W=%E-E)`RM4GTBF("!H%.[@=&^'!9]XTV'!&$@Y-FR3'"/H&%E
M.8+L&G(@0((=R8F]25S_`&__V@`(`0(#`3\A_P#;,%/5W!UAP=8<'6'!QBWP
MFG2W!Q*3J=3J=3J=3J=3IZ6<'6'!UAP=8<'6+04]7<'6'!UAP=8<'&/A-/AL
MN@.#B-25)4E24BI*DJ2I*A4E25)4E`J2I*DJ2I*67H#@ZPX.L.#K#@ZPX.L2
M`I9ZNX.L.#K#@_T/0'!Q)%3VJ>U3VJ>U+4]JGM4]JGM4XJ>U3VJ>U3VI:GM4
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MI>08K/J3@YL^I.#FSZDX.;/J3@YKE3IK.IU.IUC4ZG4ZG16=3J=3J=9=`<'6
M'!UAP=8<'6'!UB;%+R#674G!S9]2<'-GU)P<V?4G!S2]Z^:E\Z^:OFKYJ^:I
M\Z^:OFKYJ^:A\Z^:OFKYJ^:OFI7O7SU\]?/7STOE5JM5JM4G^9P=8<'6'!UA
MP=8<'6+13R1;K&G6-.L:=8,5:K4]$__:``@!`P,!/R'_`/$AU@ZP=8/@'+KT
MLXQRA#E".EG6#K!U@ZQKU@ZP=8.L'P#EUY7FPZ`<8J]7J]7J&KU>KU>H:O5Z
MO5ZBKU>KU>KT=`.L'6#K!U@ZQ%ZCJYU@ZP=8.,WJ%0J%0H%0J%0J%0FH5"H5
M"D5"H5"H5"L.@'6#K!U@ZP=8F_6#K!U@^`/4#X!RZ_#8<IRO+A_A.,5>KU>K
MU#5ZO5ZO4-7J]7J](U>KU>KU>@:O5ZO5ZAJ]7J]7J&KU>KU>D?\`"?`O5ZO5
MZ9Y6H=ZAWJ'>H=ZO4.]0[U>HJ*9J*BF:BHJ*)J*BC_$=8.KQ1U@ZP=8.L'6#
MX!\%Z/KS7J]$U>KU>KU>KU>KTS5ZO5ZO5ZO5ZO5ZO5ZO5ZO5ZO5ZO5ZO5ZO5
MZO1\8^`?!?\`28^,=8.L'6#K!U@ZP?`FH5"H5#FA4*A4*&_0CK!U@ZP=8B]1
MR16'4CFPZD<V'4CFPZD<P\!\(`'F`.@'6#K!U@ZP=8B_+'4QU@=8'6!S?)7R
M5\E?)7R5\E?)7R5\E?)7R5\E/HKY*^2ODKY*^2CT5\E?)7R5\E`U>KU>KU'^
M8ZP=8.L'6#K%^NZ]8UZQKUAJ]7Z+_]H`#`,!``(1`Q$``!"222222``0020`
M"22222222222222222222`222222222222222222222222222""2`"022222
M22222222222222222`22"2022222222222222222222206"22"2222222222
M2222222222221@22`22"222222222222222222221@"20"22222222222222
M222222221B20"222222222222222222222221@`2!R0,"222222222222222
M22221R)MM-MJ222222222222222222221R0"`"0`20`0`222222222222222
M1B"2"2222"002"222222222222221@22`22"2"00"2222222222222221B22
M22222`0022222222222222222V`2"2222`000"222222222222221@"2"22"
M2"00""222222222222221@"2`20"2`00"2222222222222221B2202222`00
M""222222222222221@,20B"6"2R02B222222222222221R5MN-MQMN-MN222
M2222222222221R222222222222222222222222221R2"2""2220022222222
M222222221@22"2222"002"222222222222221B"2`20"2"000"2222222222
M22221@22`2222"00`"222222222222222V22`22"2"002"22222222222222
M1@22`2222`00`"222222222222221B"2`2222"00""222222222022221B22
M!B`,21@0!R222222222222221B1]O-MYMO-MOR2222222220"2221R222222
M222222222222222""2221P```20`"0`0`2``2``2`"20`2221B2202202"`0
M2"0022202"00"2221@"2020`2`00`"2`22202"00"2221@02222`2"00""0"
M2`20""0"02222V`2""2"2"00`"022""02"22"2221B`2022"2"`02"2"2020
M2"2"2```!B`2`"2`2``0`"2"22202"0`2222!B"2&R"."!R21B".21P2.222
M`2"2!@(21R2.21R21R2.21R2.22`22"2!R-MMMMMMMMMMMMMMMMMR20""2"0
M!R220=N<0.`129^OX=WOR222220"!R22"20`0020022```2""22`2222!R22
M222`2`2`0`2`2`22"222`2224222`22`2020``0`2"20"22"`202!R22`22`
M202"`00`2`2`"20`"2""!@`"22002`22022``"22"220"222!@22`2202`20
M``2`"`20"222`222!@"222202222`20`2`2`"22"2222!@22!2"20("2``02
M`2``"2220"22"T"%O-MMMYMMMMMMMMMMMPR022221@"01"202*2`22222222
M272`"2221B2222202220"222222201B`22221B22220`2220"22222220"""
M`2221P`"`22`2"2""22222220000`2221R2202202"20"222222222"0`222
M1R22`20`222`"22222220"20"2221R2222002221R222222222"0"2221B2`
M"]_P0-]N222222222"2222221B22`"``20`0`222222202"222221B22022"
M2"002"222222222222221B"2"2022"00""222222222222221B"2"22"2"00
M""222222222222222T"%P2022"002"222222222222221@21B22"2"002"22
M2222222222221B21R22"2"00""222222222222221B21B20"2"00""222222
M222222221B20-MMM]]MMO2222222222222221B2222222222222222222222
M22221@`"`"``2`"2`"0"20"2222222221B`222022"002"022"2222222222
M1B0202222"002"022222222222221@`222222"002"022"22222222222V0$
MP22"2"00""0"2222222222221B01B20"2"002"0"2222222222221@"1R22"
M2`002"022"22222222221B23SB2>23P03R2<2#R2222222221B20+I)=)+I)
M(-MYMM22222222221R222222222222222222222222221B222""2"2222222
M2222222222221@22`20`"22222222222222222221B"22222222222222222
M222222221B22022"2222222222222222222206"""2222222222222222222
M22222`2.0202222222222222222222222"2.`22"22222222222222222222
M2`0.2222222222222222222222222`"9OB0`222222222222223_V@`(`0$#
M`3\0^+=465KIA&2`7>0DDF]3!%<=S#(26AUBP@5'HPB*_/#YNEUIK^7H>HQP
M<S<#6^."VED`+`6PME?R]/Y>G\O0B7/$$W,&8=>EL`N%+D-_L*LY\I;-:0A"
MYR)I4E1@6D+4NB"VB[SF]?TG[O2V`+,"/!E@/H]:2S?T;"";>Y+W;S4T)PWB
MR(W$U'BFE>2(0C$$@=::411,_P`.B05[!4:S2^19+R>[-6[=>.M,(F``E2X`
MH>3Q@/"DX?2?N]+8"ED<[@Y;CC!D21!Z1MPYL0B7KJPN$R`HW/U'=XII39A(
MCHR`LD%NH3%P,3E8*A>I<D0I"S.=[6]N<\=:0')@"I(17")IL(1#B9EL,0N=
MTB*^D_=Z3,A1"6$K.2[T:BR@7.0L7BD;P$;RPIV$DLC5"](YB&B[H-(5NW9/
MND\0B:LEACBFE.*M$+\UNRD+"8N4KLPD+G(GRN89R!3>/0O`@;WEQUN:D"=$
MHDD=IH8&1HLA(2CE-_=KZ3]WI;!@KRA%L2F"6_DTJSR,^DEC8_XZ%G4#`$`1
M%:(0\\4THM);H`O@?TAQ:`"07PC=0G!(#2!&$7^O;(3CL6<=96HA$5C#$8N2
M1.V:BIBXF(+"P,J+P^D_=Z6P81LA9V`IS"-Y7S%)FS6"1&"PT,C.>1-*;4LQ
M@M$0@704!#`#(!N%R+'6F#,66JK<9V+&`#FU_2?N]/8,$T?!DH)=9I_B(P%6
M]XI&@CFD,]KYJ5D`A=L'@P9L$C7V_P#FK$V>W6NW_P`TA(R(1,)+TI@H%86%
MJ-#"LG"D6Q@W.`O=,[.%*%$$4`@8)FY6HVG!"$2`28>#1D>EA@,`G`H'*`4+
MBB0G!_Y``!"(V1.#3(F=B@S&K@T!R@$`(`%@.F,&[,2WNF&<K\N'#APSI-*H
M"5NO+PX<.%NQ,M[I@G"_3&%U?FPB3MQ@!0K$+D70,PMB4J([;-<*]L:+WX8)
M*HC:G$2@**C)M2*TM)8<0<16(XFS:K1='F(T8@N\+>B;D*,*@8">0V;-Q'32
ME"211X2>%V?P1<A8E)<CB;-M,F(M*JRX,(1PLNR"%A8Q2"R>)LV#Q"=Z,.R)
MF!Z"P8*.@TX$(D$N)!HI287<1<FTAD@9#D32@SXV96(!;AB*5^64DF29@Q/.
M;U_2?N\ION^W$/E,,`E1`&[#"+G0QS!@CCCJ40DP(5O2A>'0("!&XL/,5:VI
M;!$@`D<)Q32K3?V;00FP"]XF[3I<%VC-Y`+1-V]^4WK%XC@O.1J;/FDB%?2?
MN\3;I!;$35SF4#!%G!W?;@-1@824A*$P:M!F(5DC+1,`"P0I)RX-Y""DHO$T
M`84<`2="DP[]!8,`9$Q-MHV@MD7\9I"3I)<"7XYM1+31<Y,"91@;G6_%-*7>
M$@L+!13M!(26N-,`E)8V@CD-ZP#PE;(7.029%JF@+RA)AA2D5@]0$X?2?N\3
M:^F"#(1,N@6I`#P=WVX$7`*E6T(%"<VJ^P@($-I$6$Q1GP`#>\&E%T)ZQ>C9
M@!"P19+5ZI\_[RRY8<<`2_>FE_*HX(8;4@]HR?!(%],XO0(EONKC%K+,B5,V
M4L`PR`B8P!X.*:4#,L"B!./2\;+0UVP(D5I0+^.0WKG39;K"G9*<)_E1)T&#
M4``J(!LB.'TG[O$W##$P*V!,48>,$#AW?;@(1LB*-,#`U8IQJ-E-V)!%S+69
MN4!257B'!DDIV;*.:#5E@'@6DO5Z"P8,J89B02M#/<TYI21`;%_=FPS%RED$
M8`!TJW+(VXII22,<2X)`$(8J3*5&\ZF=Q17*I7D-ZSH"@<(DL8_E)H`$5,P1
M9.M`)F['#Z3]WB;AL)"`"4<2DG=FWX=WVX+E,_B02^5J<[-A$T+>\RL*"H%(
M(,3B5!6"<+U]5HR2!"!$X##1=&W06#!49(:EVD")40BX+U%3)&`HCB(!Z5@8
MTN5!$K5>*:5/8B0%`9-"J,0I$)`C*V3=N\AO7!120"&2%)M1%#D9UJR@P&99
M3P^D_=XF\V'Q0*LKEBB$G@[OMP04-F`"*K@**M;.A""*_/5"Q5]YA9<BWF]`
MUD0H:@ZH309`MX8Z"P8)"8".;+Q80ICQ2BB4BI`"2;@TQR)I2BV/,V\YT$YN
M&KMZ"2A3N,G.;U_2?N\3>3&A#ZP<.[[<#AS"8DIA@;)%1-)0`PAS!J"UB>A#
MF#*ST:HM[$AF9J11$K%`R%ABYF&\-"I(2,#99)8+:1P@"K]D$$,LC96:J30H
MEAN)(X."Z7FBY7&!VI:/F<DI"00\'5E,E8RR$NAVX&PCGG=Q1\)6F.!MD8K6
M+!+*\I>#JQ>')"S0`EI)=-;:.%+N3DR7X&P8Q7T(8T$K#'!,+E^0@!X)>`V$
MVG&3H!%W`132-%#R,F!NZ$PCP4B`@@Z%/X"G\!3^`I_`4@P9L&[*O\!3^`I_
M`4_@**W+#9$!>^G\!3^`I_`4_@*15HX`_0*S7\!3^`I_`4_@*?P%")1(9"`E
M'F.@L!7(K`"9!B2O[+_RO[+_`,K^R_\`*].1C4+H`?4ZHP*#S!D":`(?+OR:
M]>L(9%&EP<C"6K;-TF/05PO7\O3^7H[$FXC94A48SPQJEC9#%)D)K^7I_+T_
MEZ-\T$/BHF$QB>&N*00W<B%;9K^7I_+TS'1)@VA,8<'5L>ZVN`!7^7I_+T!3
M-8`$-^`QAZ"P8(QD5"VTB;F;O+D32M=I85"5>M5*@%Z*VBA("EP1I9%$N6YS
M>OZ3]WB;&45$0PD(QJ/#N^W$/)0BE!8)#2&@'H8Y@P&\P894J`(8IVI4#L.R
M9$5>9!9#"W%-*?@$,"]8(S;F@"A"P()C0@^W(;UP!``A<K`'(UQHI(H`)9C"
MA@RO!P^D_=XFQY+**HN!2`*9-D\.[[<!IGI*;$Q17F4-!L=2)\<D:"B>A$D:
MP!AR.I<MT(<P83".02G&F,8G-D)31S?+0&F!`L%Y$TH,?N"T[(!WA#*Q(("]
MBN3@R_8MR&]9F,U6"94)B(NJ`PEKN,C,22$*6O#Z3]WB;G%@($K'$)U7A9$V
MN[[<0_1&_)S4I@%IBL"XHY`0)BLE5&>@#M.*T!)1[T(X)1I)*13,)*("5@ET
M%P``F-+B%=QKD)I3-7)=">8P3J`*!744"P"QI`'(;UN0`!3JX$R-+K.=F6K7
M73(:/#Z3]WB;96C6.=!B[WY<.[[<#KT'P%F38PUJ'TT.76&Z7A4J*067_,+G
MN8$\#01$="',&$NX8>0*(TA0U,7:C9::)EB>&28(/(FE2:@"`70&S?IYI'%R
M"4I!(+@3D-ZR"I;*T8RN$W"K39S:)`B&X2$X?2?N\3<A/Q^B59L(`['#N^W!
M!0V8`(JN`H`*"21'S$W8',3%D3BUP&@7@)_.>A#F#`_>X$Q17AA1*8NU<T"=
M.,@0+F5^1-*!`D-LVPI5T"QW*5')+7!'(;UQM8#7$$-4(-R@Q&J32Y8`X?2?
MN\3829Q?EF['#N^W`X<PF)*88&R14324`,(<P:@M8G_..#2LU`"57P?$8,).
M10JZH'J/(F6]8L6A@[9-G`W(WLI"#(QF:E6_*@9X$('@"/$!'X+JK`<#>Y(A
MA%IRQYX&Y]L'3KP(2^$GA?'D\`I1^0%$R,@&202YI@-7@;SO\5Q:X1O$<`R#
M$-F""X<#9$)%8+B#$=RM;Y>)IHLIF_\`E2D!M!*[[;+-//-P,H0$HN1H@K1S
M&&/)@$R$KL_!80+3D]1JK.`0L6X09XR$,&A"@#0G@SU)*Q3D:0$@$VOQY<K2
M<TE(J'E<N7+E@#NMI5B>5RY<N2,X8#,++:`EYN7+ERY(4&103_-,_.$%%#%#
M(9H7'##7H231\$5&3C%2$"ND@P)!DZHP)Z`S0I[4;8TJ#`2"$N`[2L7K&%]T
M2>2$<MQJ_08(M'"#X#L8JS)L=FMIN(C:+'P6$FHE;%D*S!:WY&#!@R.@@&+D
M@3$"05:KPTA*,K">*W;2_,0LR$A!+QP`]F2LH`J)NA.2W;MD@3(NB9"'A7`=
MCY^'02T!S'&W;;YHU#.Y)J]G!J%5D&"`/7QMVT[^=4<OKV-V>#$36!)J$!V\
M;=O_`)G?_BA,/'_F=_\`BA,'&W;8B:P+$2@&_@G?SJKL]>QLSQMVRJ5608(!
M]/&-MP$)Y"_W"P%T*CQA8A.(,$@(9J3D8#!$!)W$XHLX"'P70./2@'%D:(@(
M`0\?"8,,6S@O[`VF-Y/#404`$U"[4!P/)/(FE`V@PL'7`!8B8O5K)"K#4@%8
M#2CI$A9)W-^W'6ATQZ4),)!7C0:3?2V+3!#)MZJ+:&3.!)D'Z5])^[Q-I0%U
M4IL):AS1/HH(@V")W2N[[<0^+T#<4+`H3`N%I80F!8-V)G9;D'+IRX"8I8VH
MQ+N]AP9Z`V"X,;@^G&*T]3)6%DGIGX:X</)A^1MFD&)I2#Y`^.8PL$3#AD4I
M3)@M1\PF)F*BM@`%,KET"JN0\T2$,AF`W^$P8$+"$[0D"#!EOC%&;$92$K8F
MP+=O)5R"S`##($&<?.>*:5-*0Q@VO0'U4UH#)%)"R&;#YUB<`O(-")BZOAB.
M.LLD7@((A9C#11552&8R3Q<D("8:0!:&8A4%=;W*[N:^D_=XFXNK"!K%0@33
M2\"\$%2Q>JC81$:B>[[<0\:>2KS!;=U$EHR%T$(PB(-A*;S$'$<N99%8%T11
MC``F\2B4@A"8=XH*A8M.-`9!($V.(6*#F3*(A80!RP53<@;EZII<E,2%=)XK
MASXI)#)8@]M@B>0>E2DNH1GU3^2:0VS`*RMH=F!H%`HLA(D+B:-2<&:;);(0
M$9-61,!,VHH+X*(C/PF#`:ZBB`I@7G:=:,WT=QVI``;0!2!`4WA`!`"!TD'B
MFE*4G,(ED%W$Z$`2"<Y@=)$`<O,@-9J,#Q2HUB1YI->.N$@ZAL+`!LM'9"*<
M&O!82^'@J>$ID&5DJ#+M\KU])^[Q-@/&KTLAA0HE"B8*^(;S)1LLPMBN[[<0
M]9IV471FW:1+YHSH`4H+%?3*?O/$<NGN(R3F0I$#`0NH!ZMQ&(S:F81-"TVM
M:`MF:A[<;YR,)7D+40P,(DNTK('F#70L8)=)`,;:%1>"A\S)0A<A<.6`]:02
M%YE<:>4'LM,)8RKZJ%0:^D,M8)(3.]*2'(X0+ED.E-FRN%RP9-<,;$S0.'#E
MAK2Q`F``+'P"QZR2#@9WTJ?12CBR-S\4NX((@329*#<6\TH(BT^BH(RY"D]"
M7?I-5KA*Z+/%-*G1X*`43,A)N8P(J<S!=,$8\9$926@W;,-@_JT;JRO#6>)B
M"C5):A,RLU(6H$N4$C.X-L%*LD3P4N*H>&YK>OI/W>)L@$`QG:`S,MYHL_:#
M/((3H9A1DBG=]N(?!8BD,M:G"1"F@RW'4C2"$DA8!@[,N(Y=:>YV!D`(`APF
M8%2$);294QA6E#(!5@]YDZ?306M!CBY$H``F$2F9+S;6F8)#HLF,6`7II5,]
M1\Q`*1<USEC/D7#IZ0+0!(*2>`MS#P7)!(RU\0L9"X':"@D4F?@GQ2`.0$#P
M$:(":R2DD((I%UM\)@P4/C(&R!!*72+U!+*5'.361UADO4XD`4"D@,H[<4TH
M;HMX0,R-QFLRZ59R4Q$9426=#<M1BQ3,WZC$$0[Z1QUK/EY"`!.YM).]/#8)
MA9WY14,E"B54:\98O(?U1Z&*^D_=XFWDI2HME:)H%M!4?%O`/FR%1UF*[OMQ
M#YO&$LA$2R6+`D,!+`&)$32-9CBA>0.7,+\LCYX'(5(&5D3*?`$H6`,M%Y*0
MPK`\#!!.)$J7@&5PR)QHYJ+I4)&'<01W&Y41G@)P7KHD'P/(N'-0`YC@@%K`
MDJ)Y1[&P#91#,P)8TK%'X(2@363J#)AY@ER+!)O5Y=^BU#?0@4;6)K6^?R9*
M3965:3`J,`81'"5_7_\`:_K_`/M?U_\`VOZ__M?U_P#VHG3`#0@@9!'BP8.,
M`THE,";-S,VS3A)L@!`40LN1B@@'C$X0,6;;.*:4:6%NX);$E.MM*4C6_,IE
M][/Q6#C)#NS."Z\6MG\$(F/8D$E2"]2TN0$)O\0V,$*<I'`4(+DX9NWKZ3]W
MB;M;OYA:CR3=_/5I;&)1"QVCE$>:[OMQ#VMQ6*Q)B!!%A@WQ8A8"@52V+X]Y
M!R#ET!,229W$K3QEVA&$4K$!%JA&E[Q&/"IXE91K]QQH%J%J*Z0*`6`"P?"7
M#AZB*"X.U)DFA,0PLQ"PTTW93V.XY#@DS3#58HQ"061\4W(A,'#2!(!=;4EA
MA`KKJ5V_^*[?_%=O_BNW_P`5V_\`CD-8,%-(VWI*.Z/,)3PP9!"W.097^=EX
M)LL-%K@7%1,15@`3-E>`H-.<I(9+@-;T:#8!6H6,0(.`]?K#(90L`2\#?C5)
M@<3ECSP-FC:2(7@Z+W$DX7_*@YH$`&@66R`(E0)3=,!JV.!LW(QS>-L(W".$
MBTR,8)R`X<#8HD"4S<41'1*]``*1\&A,WX%8?-%@B!=C@-CKD1"2Y`G\U%-=
MI,CPA*UXM-=K,CRC`TI-+""$%V#.!MP-M8?-%DB!<G@]<0(1<'A,R4J)"E,7
M4$`U7@;D6F1C!.0G+D4$482&F0$2TPOY\L."]UHBKJ_RK!D$33%SE3NW235Q
M7>TEE=XFQ0>2"`.U^X3%^8UAI9Z_(\XJ1'3A!_Y'`P8T1A=OT&2;I,-N/;-W
M16=7DP8<H&1/*84,LU?(,S?8(<%8E<T<ZXPMKA;EB,4:%ZD*3A@&P(0@CB;F
M!@<VE9((-@N_`#6$X,(P1`C#]W+GSY\\XJZ;3(.7GSY\ZU@TLH"7+9\^?.::
M&2:15];?S9\^?/GG07I(`6/'ESY\^=SD18B(Q\O+GSY\YG(B1,SGY^7/GSYR
M)G0P4H5DP[<K3#!!+JD`%2JZ7P*J&7$CB*QL0E'9Y,5:6Q&)\8L4ILDBM[!@
MS"(`+=NMQ-G83>]"E-@$[#("AT0DQ%"S(RW)$.5"!\3)I(#LE8RAK081,"!(
M$R)\`U@:7F`07:]=K_FFJ,5M(4`S0RYH0*^`X,YMJ5"`,JURO-+$8]5&T@#5
M2=Z`(`D+B/!VY(@(F1)JY_<K(@]X*\JD[-V$=.TG!1)+1(H3YT%QL;R3#1@I
MD-$J@/E0H3[!.7YT"9CF3`.@?.H@60PP38"FH1DU?RT=6C%+J6-$:$`.M@":
M^U)`1*$`4B:2Z]1"Q1I8$1:I.U!`1(,(T4(FED28^U&K1@%U+FH-%4C!JWDI
M,"R&"2;B4IB@M*XR!LJ*4^Q2`_+E;!P`FZ!B$);C5TVY$*L2D@!=:7)\$783
M$)9J(LAH`6;@"1.U-O81Z'6.U:2&YQ-YW6X*+*4MMJ0I=UDD0+@XB,(0J:"I
MP:<Q7):$KEPK:!HZ%Q:/$(V/@&L&V-6:2)@3@47RFE1[7#_(V`G``$D01PE8
M:(28:DHYMH4D7H++H8XFT2$*UG4EH.8";/"%&,L"M48`+\%K'TT2PR$F%!ID
MOBLH(-8P]'F`]$?WE9)B6*$'+*A`P)-Z"$`&SK&:/"EU`F(!BU`UH$%B5(TH
M&T0KE<(E2'6@T!""0\#8:(28>,*&Y=:#04JI+2]U'%]*U`:T""Q`@*@TG;06
M#B^-BZ"=L5G%*$I+7;TH.75"1@";<QITL':<:I(%HF$3A(H%YMDA.*F_J>C&
M"6\G<-JBT>G3R0)`"TB6>)LLP94(2&;PL;ER9HYIQ(;7.(25I;4EQ0K>UAQ2
MY4X,*D\9RI`&6\-)T^":PE(%Q!!0E`Y@O:D#C(M,6'.1&^W$WK9P*3`DBR">
M1FBH8RD//3>#;?D-RQ#44%!&15NA&Y0`&:!L42VF)XCLOHIRI-U+[5KT\)%@
MYCD22;@.EJ.N+S@Q0A`G,7KN^U`+^(,.42%B^:D'7TN9)M<G!<9Z4QN`MGHF
M9,Q5]9^YP-E$A2PR+"P,#(:0!8I!$?`31LCA.!M:$(8)&(3F9B&\X)@T-0(@
MAVDO&G!=?5:$&U*FRXN-9J&<`$`XI&A3J%=WVY@1@XA9$V)*3:E224FY=-8:
M98`C,@N@H0]JLGI.!6$D+@&&X-N)MN3Y9U1%:1$AEF+R(N4LM<20-P`%)@J;
M/2*IJPQ#:SM)2E;MKSMF"9J0]**H@9(1E#()]"7G)1N3R'I`":=QQ#-6+DI#
M=(4#4C5).0WK,,]<I4$7+8LU)^'B$S@9XU45ID8XFY=JY"2+"%,,[4E.*QF,
M03C!$&F@2XAUOC$%K@I\A#-`SP0S/Y8(A*Q>;I`<,E%&6='FF$10I`A9!'R4
MC#FG@*7,SSM4Q6$O1!^RD1B+<%TA(81*A`8`B2L,_6?N<#:J@B6DQOQ`4`H4
M9):I1>=<?E+<`VUAI,*F@3<#,SYXKKEU-0>![+/L4#ER9`()`VZBV*[OMS#)
M0%0A&1*XX0+3>KSQ0;HA@8M3S#!*75"`4PMXM#`&0D91);B;$W6&*`"%B2`V
M.@?:%D!+M210%0*$>.`*EQGBY-Q59O-0()&!I/P36$IOC!'8$2P=R+R%#9#D
M<J:6RET(1*(P\AO6A<0!&<III!M.0W+3X2#F0@K6Y$%F-M8.%:O8(<(@F[B.
MF&3@09\@(U!O4^ZDHLN`"8!,CH1#(!@)(1;,1LLUV@7[:R:)1`)8>86X(I3!
M0N($9I>`)-(V9X+A'O>TL)<%Z0DJ?6?N<#8#`$KD8326$B&Z6:BR-\T]YF,+
MYBLN!O9T,Y><'*$)TXKBW6_%?23<=0UC4NT=623,BE>]Z[OMRK$-,,0V`46+
MR@#-$FQ8Q,]I!$[H*4L,0)B`%C#>]6@1V)BK&SY$*&4W4!I,YP1Q-N+%/`A3
M*JY*Z,34+A$9A55Y.4D)P(\J2A=@*261\TCY-07$2`79>)K!E9,=46YB2Q$<
MD$$"5>MED!V81DNT<)4M6(JE8IL)P[JFOC.*M?9BL39)"W$WK-<@:`+50X"X
M]2C[.@(2E-P%^2-RYI$E<JNFRMYF:AC2Y$0LW;+N,.*(!*%OB]VXDDH"80))
M")'0!<EG(B5-O`(L3#6F\?$A@$>`FCY5C*K"!]P"Y+44Q*!-80LL/)7,%+BJ
M`)0\!2+R$`*OK/W.!LXXDEB2*VR;9SI:A&SS`B@#!<MOX<`W:M<[79>06YW=
MO!<((`#RHL)<Z12@V"B!`*C$P4*[OMRIY^2MIIR740)XD*!S"LRY38MY#IBU
M%R:8@H.:V&HL[F:>9`7(.-*)>V981F0+ZJ<\38U!G&NU21&(;PJ>KJ3M<1L$
M:">8U@PC)T>3T`MYDP:O*32G-`EY,U">4S+2`IJP@&4H]!,BHG(;UG](;H2$
MIH.-))K.E:PUSR&Y<ZJ84A@<#2SK%=:+$()<PF"\K;1Q'`A'`#H`B)>&ZF9;
MA"L`T'%<V<5*!"%0"0&4=J;\/PD`RU;()I1LY&B4(5Q'<,TT6\3OK[!;",8X
M+FRN`)$G,+B4.8S3ZS]S@;=O+WI9AEEB!-$K)#78%E!944L2OP-P=IWX=%'4
M%9":@BF9<Y09[[$\%S*[5)A7`2@6464++BI^H.BO,%\*[OMS(X1IDP!VQ]K@
MIYM^P*8D4++!+Y048#U2`O82FR@1L,0R$.VPQ$1/$V(7WX29ZP^-`LN8U@P%
MH34;:0*00FZ92?X(CA))(DREG!Z\J:58[JNRF+(29+VY#>M_Y$`!*JV`*:S*
M\9*(0-@(3X!N6.M]`C>$"1!ERVJ\T5L!ZXF\S_%$WU!'T``$`5W?;D#EPIAY
MN"81!@#IBGUG[G*;-G$,+QDVA:\5Q$`5\+@"OO(7.$+*<$A`1@)0(5W?;F/H
M(?>SCODIV%PKH09Q$V2Q>]:&H5>U@[>&,;5-J'$1)G8RD2<%S\(V:P8*2")+
MI.\0PLGR4,"5Z(5%]B3]!P3&S`E(J+1W5_+TPP\09R/51ZC'!Q-Q,;8X,6"0
M(L`<Q=2]1J`5D"66:9-!(^`(!`-*.Q),`((-7@(&32$JQC&8JSKDH%TBC^7H
MZ<`5!!#HCG+P+,NE_8$.79MK1#,X*4V"_*DF:MMV00"U<T%`0`1`5LX9K^7H
M,B>.3N*(XJS;X9#D6R&-Z_EZ&:H0J0H67K%.Q),*)`=2G\O3^7H[$DP`@@U:
M&:I`J2@W7K%?R]+<&CE<P6`3&:&1/'!W%0<5_+T"@(`(@`W<L\T2PO"3!LRP
M0-6"5H7H'"!;Y`:T87"N$384GAH-;=JO]VV6%M*/&K*IP%A);F@@@@@GX`6S
M-L5W6:;+EAUR##]J(7Y94L0P4CB)E,VS0ZI;,@!"9D@;)++X.$7)P*IB:Y\F
MYF+^R]N&?.Z#YY2\I</@Y\^?/GSY\XI'I`ARMT_Z,^?/GSY\^?/GSY\^?/GS
MY\^?/GSRRIH1S!-2``,,"#;WX38$+^E$:8!$:THYBY3<?@E-BHYF(C`">[%&
M%P"N28!5X:$[;GB\!+98/A,&%RH@M6[LE[$3(O3-?2J)?4!+NW!H<4T]^X[2
MWJMG`\<I>D(9!Z:%OAPQ`@CH%O'`S*3$+$!@;)BH.D$\,F00`-!(A<7;0HF$
MHR`>,'?$$Q9P<6YXX;8RWVI=`,"2B@\(\.F#3D<FCH1IPLFX5`@MB_.8"HX<
M$\2P6WLE5<*^T0/(,3=_Q=EW5WG;QFZK8P*]DP/5F&DNP!)Q1!9N$5/?/9&D
M3$+E`#6AS($C0`)DRU%_A,&!X7[X``N'(N@5!+^``J-#`2,D^")I1O7&6HA^
M$'R%G\B:M$+LD,PL)\?`-RQU^0!XD0&2%2)FV:D=+$:PF#<BG^*W?]#EQ!)(
M=]J0(HA&%'YT;5@9`+`4R@,`7&9T.%#NZ_C<B*`R7(@I$AL(58N"9&Y3??,!
M25A9Z8M1G,0)`"(L,FZ\_"8,)WB!'8L;X,MOY<J:4EF'(##`*5EFT<M3B]#$
MU+CVSLRA+R&];2;PDQ.@<$V#>Z0D8Q2V@O/Y!+'(;ES\P0%`@\BP,I6$Y!S(
ML@GRJ`#-(J#BQ<3*#R-[9_QV[<6(6"P#8PPXY**8=`L`)B@(WA2&[+B$A%XZ
M1<$LU)PZ];:4,I#EL10Q?*RC",;!%O@L+*_-A$C?C!'DPPP2516]&!E150"#
M?A*"_$.2:1`60!`1M&[+DZ.\2`[&RL3B;UQKQIF)"6`+*)FU"#*8BH)S#R6Y
M#<N",!262"%X846Y!QID;"@Q@9786"92%*&I.J*GF)2ZS_BMP;-=4GD@EG(T
M#6<`RD69M,SB5&.6A1HR_%;`IF1?OJ7*WSHM45(,?`&,@D;$90K(8:FD/3Z=
M5N;&@,2*@9)H%:B1"]#"=4`I19[\E?98X[+CX["41%"!@)=`B4N96"@<@U\Z
MQAD+6%W1Q-ZTRWJFQ'&P<38"X2TO"92B9EF43L<AN6A(!6(0(H.24N6@Y!S*
M6D\F\IFQ0>)H=5S^D,:?XK>1(]LNW6'K4#IN-LZ>4%93:F<X#RQVMN29KFQY
MN@<9U'T>T:4"VH$%LJ1J*=]E\@@)`M:CH'5H`+JK16\GHN%2N="L:T1;*Y:>
M,<U9F;X["4B<ZT(21N:K`V:@1L<`LDP&Q.A.0WK`P%YW1!Z0I$Z5C6WYB$72
M)+<3R&Y<(P;29AX(1X@.0<&JF@JD<A!'R&E>JTMD,OTS\\O^&V$$%]CY`&UF
ME%_DSCM0PD!*8U#V';Q&YR!E&-**WCB'5QJ]&_$6R`C4!1#=3B@V[&]N&";*
M(F2\5%2B%@<@S51_@82K!)XY9):D9$F<AR&]>!]XQ`EYX!]1+G!B&#!!]TBW
MP#<L="[6IHPO`%B*-/R=D#04K?(O>:E[#^B0/(B#;_#KV.L.AJ@L!72KC$$G
M8$1S("#`HC1AUBYX`6(=$*=W9K=@SQ8(A'3D:XVWHP^##DB`1W*=@RY.-E`Q
M"O@L!598`$P$Q)7]E_Y7]E_Y7]E_Y3T"T&H5>`E\E&N(`9`20M+7]E_Y5\``
M+#]*ED(2IB!A:\%?V'_E2]"-1\`NJP4&EL3Q8)<3,L08%!3VJ`I%72(F:105
M9`"B.$X3-W6!6Y&S01(N!9M\J_L/_*EE*0!HL7/G`U_8?^5_8?\`E"$F!028
MG_$YY,J+E]ZL!,C-/"PX)"4J@WJ%*Y"1%)M*#N,5X_)F/V(BT?&8&$OC;T(.
M0#U:_DO_`&OY+_VOY+_VANJ28G@+9835BN;M5@@6!8XFS9CD(/H055P'`*!`
M!TH0`!*O(;-FRF\+'I)`1-3@Y,A?60*/KQ-FYOE``)A(#'`V)JS!91(CB;-F
MEQ4$"5+8/C_CC_WT"8WXZ]:1-8C$@NME'I_D8,$TIPB"(,3`1.DYO&*=J0$?
M#RF]9TAI1(FXG#Z3]WE-]WVZ,'CF#"SX`=MS=*2RSFT=<G6UJ.6!@>E<A-*-
MBM5$@P\+-0T`6`CT#T^SD-Z\_N19E[9;_*O4&N47I,R2!+1$:RM?2?N\3;,8
MD`67$YZC0'45W?;B'RW8DAD!"4D%8(0(/0QS!A``N<)I,>"3X;,U;U*:24+T
M<R8I5<B:4DP-[W$1]@9&)TF@!`"(1`1I`'TY#>MHY>.3]0Z;*9D027(![82D
M2X0"OI/W>)M62@A`''$;;A)A:[OMQ#XO>@V"F>X-V>@XXLP3`R8J%HB(*+HW
M2T^(`%L"GYB>U-I(D2XD+-\0%S/IP/EL%&!ETM5J:1%G%,9ENU-_R7NA`X0J
M)J0)/RDF&;[\AO61'``9*P]TAFB^!A9(5#0#`6&`BOI/W>)L6[*19GEQ!8!;
MN#N^W$/!(Q!W"0N9;%=L6GH0Y@PN>:E=@@G<1"5:B:;W:KPBP@A9DU>0F&&&
MEA"`@B0(+-M:1:1CN).[R&]:<A`*%V\[625*32C;Q"8H+A<F3P^D_=XFV7:]
M:HB8D;;'`[OMQ#S`L*I0^AE@#"$=#',&`R"H`"4E6-5Y4PR4^L.XOI&S<X+Q
M2$(9B+DK+6826VMR&]8[H\D*2LETNTJ*^*XP/@B7&Z>'TG[O$V(?)Q"<1M$!
MO()X=WVXAY#D?%H`+P&)%"<=(',&"89=6T+K3*;L$T,TRS*`N<'H?;D-Z\+#
M&K0S$QBB(D0AN4B1RB75X?2?N\3<TY764,8+:P:<.[[<0\(X8$1743(;="',
M"<&)&];D(B6425WOVKO?M7>_:HEU5*E49V`3!+4=O$MV)@M'!62DPY<475A>
MHBB[+NH(3F-.&&2BM3)2!(62<%;`)*=X$!I7%>"L]O@./*R#L<,+NVH%;"0+
M:=*0L4NQ;.,[Y."L_M,``"&US/#"!H0E=K1&1>."N-/UJ*4-0B]Z?-"$I\E`
MMIST!AJF>60^%KM?\UVO^:[7_--S,E61O`]48.+5HGF!"#3+XY)\^>!@`0T(
M&RUE#@+?"DHRV9XCQ\FD\?.`3J#3A.Q24@8+PMW(/'CYQMW1P;KQPL><$88$
MZ`UXCQYPD#,7"C)Y<+_(VZG!#CC'CU)R',1R.FAYX(HFBH)H:0._$>/,A)$&
M(,XFSBY"2(,P8S%G$>/11-$21`PD-_\`.P8'HB]H3C#S;%$9(`215]QA/@)I
M1O7:R0JPU(!6`TH,QJ$TF21.'TG[O$V08LDID;+D,7TX=WVXA\"EA-UC&1"$
MV%R)O'(.70ZH`(978!L6=J.IYL()`"P_/DUX<`2(,(Q)V+3'^D%S!A@+\U<0
M=1_<BF`CZHAE8A".D2T&&!R(,'20DXII4I\AA1)'2!N0674!P)#<%2T9$!0!
MS!CD-ZTY"`4+MYVLDI^((LDTAD`F400,\/I/W>)L#I6:/%1!@&$%JW#N^W$/
MCM*B9+=)$"*ZN4<N8B($I(^0*ML7S:AP^YB2"!`",R;$S/)KLRS<+I6K82$,
MLU+1-P&1!="4$O\`H7,&"8"W56R(*2L0\4<O"S5B:*,"\?,S3L@D0I!J0F2=
MY;\4TH-O$O:#D$0;3FD+A`L!<B/5^_(;UE'$<C:Z3)&,T+G";."I2SM9?A])
M^[Q-NJ<.T#0@$2M+AW?;B'@-&IF(JS01BI>#E'+B>A@X1L.@Z@B]1C\(<07`
M-Y>O)K5&>O8I";(($D%:#`D6B6)D(<S_`,PNCBZ@1W!491KF/*75VI:W"UQ-
MR*20;+.E1=$RJ&('9O@*=5I!-0$K$MV;8HS1N?9.,D;*!+,WE!DNMBEE5`1F
MT&NV$Z44)R!-YOZVY#>L<^M^$^5R;LT<N%Q4!%[8TM+X(A:^D_=XFUA^MF!!
M8.A;-HUW?;B'F"A4+'WN262S8A.0<N=2*0DD&L'!P-E&JS)S"4A)??LLCR:R
M&("3EE".3R(\U$D:$@935]F35_H7,&%[@V&\$A&TW^2\4+PTE&<N`2N/$26L
MN7_:8I+6[24;O%,K./A70K)%QD$%RM;X%(LAL8#SGD-ZS1"BH$A,%'9E?2HK
M2-!A@`%YL2JQ?A])^[Q-CT3!*,`O`207(`WX=WVXAZ0`B(*%`@BAS*Z9Y!RX
M<C!(+S$X+A&6U#L@*F(`$!]*!@MR:Q#X64RC<,)K2^E![+)L?8=&)?Z%S!@P
M*:0%`<FB,$V]$US+U77`DD"B@(!XL$D8VG+BF5FT((YBE%C*C,%```@+`8#D
M-ZT-C$59MH"A9ICI*D4"1'(]2T'#Z3]WB;GB\=5KS0$?9P[OMQ#S\2.%UD^!
MFVB,N0<N6H7<,2N0B3&6\(HC>]HL$!8?/Z\FNRP'E"='9*:B/]I<P8)HA@,2
M*&DMN$L;0+,J':V=/6$R\1``M*X."?W1."2"JX#A+O>0RHWB^.$N=QQ(YE)`
M%G7@PF%HJB`&(X:2)`L2(EL%\UL<):C)):`Y5L3'`YE5XGA'0#?A+""!<$3<
M2*5)7+-HP"-8R\"12:UA!`:VX2QE!$P&3U,:<-6")K>J.)AJP5-;P122""X)
M+Z&?"62*36L(('2W^5A#+`1J'$92&U,\D$$"!J:$TMH=`'E1UM`"9P9\.#.<
M7=-ED'+9LV;-:PZ6,!+EF;-FS-/#)+(J^MOYF;-FS9N(QRK4+*#;;E``;4U;
M@Q=1C$/+GSY\[*;8-6OL-]O_`(]@PN4CB67;$8`5G?%20F)^;+4,?R)M+)++
M<,%GPV8%`]`HJ,^*)O[`(3M+7:_YKM?\T5<T(%?`/!`@"4L`5VO^:[7_`#7:
M_P":/L(09$<(]+8,):.`!C&*"KC9$DU&3,#P)0%2(=&!1.7L,WBY#\S@F;8U
M9I(F!.)0H]KA_D;`3@`"2((X3DRA0H/80!``H`'2V#!"G;=E*H-<I@),TA`0
M;`=9WDZ!>E:G7:$<B!EZKI^&FE&]?TG[O2V#`7B2.N)SL@-Z*'\#0$Y;`+,(
MWM5KH8<$SMH,[YRSQ32KA4$#(K82!OB`36("+ES>$[&+EW7D-ZP+>0`$666!
M"[:E$,$)*8.1`*@*@'!])^[TE1JDOAL@+C>FE_*HX(8;4AP8X@IE`QT,X2.I
M$9?"<90Q.;-,90"P01@PA#>N36($UO-ZGQP2FB0?4.!"`-W?2MFFDBL:J4].
M0WKD[&DT+C2-($U(Q1T4&1%6+2:CNN'TG[O2V$E]DAS%(&2EW#-LD,7P@AK3
M6"P*$G*PT@AD^H<5,IV_;$"L:!YR(HE5UT%E&4D@6%R08R3R&]<#:#NB7),"
M:,&"3T2`,5N-QP^D_=Z6PC"X,DG%FRXL$DT!1IG("4!8";*A55`#B882`"%H
M(CBIE6K1FD:11%C6-UH,U4`"YMOR&]<J@@I2W@O!:[[T-[P0E*2"/EP^D_=Z
M6PBGDT4<.<"JZ&+H1]90=PC"F`\7H#PAHPP0F"Q!\-3*-Z_I/W>E'2<_HZ0<
MEJ";C#2\GRC?&D)9PLS$UH$KEK?6;KW3?@@3@N(WEH3(6'4S2!LIB2%S$DN<
M,[5M6"5KR#^E01DZ/B3@.G`SYX8.I/0>8:%WDMV[<:%Q!W!$%T7_`&__V@`(
M`0(#`3\0_P#;)`L,^O\`VD.D=7[GKUCN>O6.YZ]8[GKQU.73Z'+^?2^YZ\4+
M%=D%=D%=D%=D%=UJ[(*[(*[(*[(*1L]+[GKUCN>O6.YZ]8[GKUA+A?;SZT#3
MJ_<]>L=SUZQW/7K'<]>,HGE`1Z'+&?GE,OR?L\QAAN]`[GKQ&(2:\/UKP_6O
M#]:\/UI&GUKP_6O#]:\/UKP_6K$1]:\/UKP_6O#]:\/UH&GUKP_6O#]:\/UK
MP_6O#]:F'?H'<]>L=SUZQW/7K'<]>L=SUZPP![FDRZOW/7K'<]>L=SU^`B<L
M,3R@N.8(P]`[GKQ60)O7G>U>=[5YWM7G>U6-G!I7G>U>=[5YWM7G>U;-SM7G
M>U>=[5YWM7G>U3<.'3PUYWM7G>U>=[5YWM7G>U?7/0.YZ]8[GKUCN>O6.YZ]
M8[GKUA#<#WW]*`UGJ_<]>L=SUZQW/7GDI%#RPQ/*"\R(P\J/*#R@K!_A[GKQ
MC7ET^AR_GRY?)^SS?7/+W/7E[GKR_7'^'N>O&R)]?U4[7W_53M??]5.U]_U4
M[7W_`%2]'W_53M??]5.U]_U4[7W_`%4[7W_56XA]_P!5.U]_U4[7W_53M??]
M5.U]_P!4-P^_ZJ=K[_JIVOO^JG:^_P"JG:^_ZJ=K[_JGEAOY_53M??\`53M?
M?]5.U]_U4[7W_5+@0V\_JIVOO^JG:^_ZJ=K[_JIVOO\`J@Q(;^?U4[7W_53M
M??\`53M??]5.U]_U2P@V\_K_``]SU^`AB1QO^JG:^_ZJ=K[_`*J=K[_JI4(?
M?]4D/(2ZDP5X'N_]KP/=_P"UX'N_]KP/=_[65#.[_P!KP/=_[7@>[_VDCL-W
M<KN37<FFGT.^U=R:[DTQ#\J0?VKN37<FF'T&^U=R:[DT"R:GY?\`%W/7K'<]
M>KA$#3*/=^L=SUZQW/7K'<]>L=SUZQW/7X$4>GP9I].CK<#[^?2D:<B->_I4
M[7W_`%4[7W_5*VS@U_53M??]5.U]_P!5.U]_U4[7W_53M??]5.U]_P!5.U]_
MU4[7W_5*^SC?]5.U]_U4[7W_`%4[7W_53M??]5.U]_U4[7W_`%4[7W_53M??
M]5.U]_U4[7W_`%4[7W_53M??]5.U]_U4[7W_`%4[7W_53M??]5.U]_U4[7W_
M`%4[7W_53M??]5.U]_U4[7W_`%4[7W_5"W#[_JC"GQNYZ_`F]O@P3Y/]&163
MU^-W/7I(TLL_&[GKUCN>O6.YZ]8[GKUCN>O^:+3T+N>OP!B0KPUX:\->'E18
M*\->&O#7AI+N_0NYZ]8[GKUCN>O6.YZ]860=WI'/(N%9>I=SUYLO4NYZ\V7J
M7<]>;+U+N>O,RD^Y79)2Z?<KLDKLDKLDKLDJ7J]2NR2NR2NR2NR2FF_G4VKL
MDKLDKLDKLDKLDH`@Q/0.YZ]8[GKUCN>O6.YZ]8[GKUAC8.VI.2"C'4G<]>;\
M'VZEW/7F_!]NI=SUYOP?;@D<L6GE">9(8>6.6/\`-W/7F;IO^5=MJ3_-=MJ[
M;5VVKMM5F/QKMM7;:NVU=MJ"_K7;:NVU=MJ[;5VVII=7I7?:N^U=]J[[5&`+
M/)_QJ=K[_JIVOO\`JIVOO^JG:^_ZIB0&_G]?YNYZ]8[GKUCN>O6.YZ]8[GKU
MB4!6WC]T#3D+CWK_`,ZP9^I^>L&?J?GK!GZGYZPR4EI/S4[7W_53M??]5";=
M$__:``@!`P,!/Q#_`-LNK>@C7J^3UC)ZQD]8R>,WCEU^O+^'2\GBEJ%0J%0X
M$*A4*A03I>3UC)ZQD]8R>L"RBB=>KY/6,GK&3UC)XS>.5_?EGZ.5P?,^_,I'
MIT#)XJF1J-U1NJ-U1NH+6HW5&ZHW5&ZKTS4;JC=4;JC=2W6HW5&ZHW5&ZHW4
M(`Z!D]8R>L9/6,GK&3U@*IH!CJ^3UC)ZQD_`&>6;QRK',,D]`R>*2"UYBO,5
MYBO,5>7,UYBO,5YBO,5N#%>8KS%>8KS%1,F3[UYBO,5YBO,5YBL7IT#)ZQD]
M8R>L9/6,GK`A6H9TZOD]8R>L9/.L4#RSRK',,\L\L\JQ_AR>,\NOUY?PY</F
M??FQ>G+D\N1RYO3_``Y/%4R5&X]OW4;CV_=1N/;]U&X]OW0&I[?NHW'M^ZC<
M>W[J-Q[?NHW'M^ZN3)[?NHW'M^ZC<>W[J-Q[?NHW'M^Z1J>W[J-Q[?NHW'M^
MZC<>W[J-Q[?NHW'M^Z`1)[?NHW'M^ZC<>W[J-Q[?NHW'M^Z),GM^ZC<>W[J-
MQ[?NHW'M^ZC<>W[IDR>W[J-Q[?NHW'M^ZC<>W[J-Q[?ND$2>W[_PY/P!6W?S
MJ-Q[?NHW'M^ZC<>W[J`F3V_='(VT5W(KN17<BNY%1*)^U=R*[D4@2_VJ6]2W
MH`S4MZEO0!,T+>I;U+>@C-2WJ6]-O/\`BR>L9/5TNE$%CK&3UC)ZQD]8R>L9
M/P%/P5$='!E%$Z\C.E1N/;]U&X]OW1NN9V_=1N/;]U&X]OW4;CV_=1N/;]U&
MX]OW4;CV_=1N/;]U&X]OW1LN9V_=1N/;]U&X]OW4;CV_=1N/;]U&X]OW4;CV
M_=1N/;]U&X]OW4;CV_=1N/;]U&X]OW4;CV_=1N/;]U&X]OW4;CV_=1N/;]U&
MX]OW4;CV_=1N/;]U&X]OW4;CV_=1N/;]U&X]OW3Y'M^Z4D_&R?@"/@B8_P!#
MBL7QLGI01\;)ZQD]8R>L9/6,G_-/0LGX"36O)7DKR5Y.50S7DKR5Y*\E`V;=
M"R>L9/6,GK&3U@"J`<B&L'4LGFP=2R>;!U+)YL'4LGF,(J%!K4*A4*A4)\5"
MH5"H4&E0J%0J%0IJ"]`R>L9/6,GK&3UC)ZP25!'(RI6ZED\V'4LGFPZED\V'
M`>6>5>89Y9Y9_P`V3S`<?=7=>@/]5W7KNO7=>NZ]1.?RKNO7=>NZ]=UZ#_JN
MZ]=UZ[KUW7KNO0`'Y5W7KNO7=>NZ]7*I4;CV_=1N/;]U&X]OW4;CV_=2F5[]
M_P#-D]8R>L9/6,GK&3UB`L43KR3>.L.'H_CK#AZ/XZPX>C^.L"Y#?^5&X]OW
*4;CV_=$Z]$__V3\_
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g13895exhibit_b.jpg
<DESCRIPTION>GRAPHIC TO EXHIBIT 10
<TEXT>
begin 644 g13895exhibit_b.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`)D%D
M;V)E`&3``````0,`%00#!@H-```J,P``7YX``(\,``#!.?_;`(0`!@0$!`4$
M!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,#`P,#`P0#`X/$`\.#!,3%!03$QP;
M&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?_\(`$0@"K`(#`P$1
M``(1`0,1`?_$`.P``0$!`0$!`0$````````````$!0,"!@$'`0$!`0$`````
M`````````````@$#$```!0($!04``@$%`0$``````0(#!!$T$S,4!1`@8!(R
M,$!0%34A)"5P@#$B(P86$0`!`@($!PP%"P,#`P,%```!`@,`$2$Q$@0005%Q
M(K)S88&1L3)"<I+2$S.S(/#!4J(P0%"AT2-#D],4-.%B!8*#H\)3X_$D)6#B
M8T05$@$```````````````````#`$P$``0,"!`4$`P$!`0$````!$0`A,4%1
M$"#P87&!H;'14)'!\3!`8(#A<)#_V@`,`P$``A$#$0```?ZH````````#Y`T
M`"<VSB>SF:9Y,XZ`ZE0````````````````````````,`W#V#`-`D-HSS0.1
MR*@0%X````````````````````````,`N.A88)H$AH&4;YR.10>B`O``````
M``````````````````!@&D99]"8!H$YFGH^G.1R,TW"`O```````````````
M`````````([C+BM!LAMF`:`,HZ'T!R.1&:Q`7@``````````````````````
M`$]3D35Q^&D8!H&:>CJ;1R)3@:Q`7@```````````````````````$]3D359
M64F`:!^%!`:YR.14"`O````````````````````````)ZG(FMT]`P#0(C<,\
MT#D<BH$!>````````````````````````3U/STU2?C/UOX;!P.-3VFM`_#/.
M53VFJ3N````````````````````````3U-$T)ZD`#QKW@`"B:```````````
M``````````````GJ>,UY`.Q4`````````````````````````````3U.!-5'
M<[&8:AP.QQ-8\&:=0>RTS3T#P:9&<P#L5```````````````````GJ<B:O*C
ML8!H$)MD)H'(Y%0("\SST7$!>0'(U`9YH```````````````````GJ<B:O)S
M8,`T",VS/-`Y&><S9("\SR0VR`O(#B:IDG8T```````````````````3U.1-
M7&2?3F`:!,;!GF@<CYPM-L@+S/(S<("\@)#V?IV-```````````````````$
M'2,[G6@V$WC`-`\EQ$:!R,PF/H2`O,\XFL0%Y`0'DH*#0```````````````
M```!/4Y$U<0F^8!H$AM&>:!R,`[&\0%YGG,U"`O(#\*SP3F@````````````
M``````">IR)JPH*S`-`_"PC-`Y'(_2D@+S/)#;("\@,T^A)C@:``````````
M`````````)ZG(FM`K.A@%A&:I";!R("H$YI&45@C-8SC\*`<30``````````
M````````!/4XDU^#<ZYO0V3P3U-,UT!R)ZFB:Z'Z>#R3U-4U[/PYD]31-=0`
M`````````````````">IHFAPJ?P`'D]``\GH``\GH`'O-ZYH````````````
M```````GJ:)H```````````````````````````````3U,DUY`*"T```````
M```````````````^3-<U0`````3U.%-;8!CFD?H)C8/!F'<'Z7&6=0<35(CR
M`="L```````````'\]/JS7`````!/4Y$UT-L&`:![*2(T#D<BH$!>9Y<>B`O
M("HZ@SS0```````````/P^=*S8`````!/4Y$U6<3:,`T"(W#/-`Y'$SC<("\
MSR8V2`O("(UCL9YH````````````^.-HUP`````3U.1-=@;)@&@<#6,\T#D3
MD)MD!>9Y";Q`7D!&#;,\T````````````?(&T:H`````(.D9W.C=$O,`T",V
MS/-`Y'`\%Y`7F>>BX@+R`X'@V3/-```````````E.IU,0]FP`````">IR)KL
M6%I@&@?I61&@<C@9IO$!>9Y$;I`7D!P*"XSS0``````````(C!/JSYTUBP``
M```$]3D35A:=C`-`G-8@-`Y'`['8@+S/.A80%Y`<C4!GF@``````````0F,?
M3GQIN&L`````">IR)K;.@,`K.H(S;.1F%(/!I&04`F-@SS]`!>``````````
M1&$?5'R14?1@`````GJ<B:'+<ZYM!K@GJ:)H`3U-$T`!/4T30`GJ:)H`````
M`````#\.1V/FC0-4`````$]31-#CN>=P`?A^@`_#]``/P_0`=,WIF@``````
M````1'RY]J?,&L:(`````)ZFB:````````X[@```]@`````'O-````A/18?#
MGT1K``````GJ:)H`"0Y$EPS=,\F<=LV[-[D!RW/)Z+B8SZSM.Z!">*RV=E/%
M93.^3A6=9WL25GJ=M)#]+\WL```9!\H?T(QCP;@`````)ZFB:``@+P9YH'(D
M-`@+R`O!GF@0$1:=3J=2`'H\@O(`6D)^DAM&>:```!GF0?3'S1H&L`"8X@``
ML.531-``0%!DEIH'(^;/J2`O(#D7$IH$!$0'T(.9^'DG*CD<P4D18?I";IGF
M@```91B'V!\8;!M@`^=-(``C+3O4T30`$!S(R\T#D?/GTI`7D!$<#3-`@(3.
M/I#).Q6<@=2<Y'DO(BP_3B:IGF@```8Q\X?>'\Z/I3Z``'SY]```9Y^G>I37
MD`ZDI$3FH:!R,$^C("\@(#J4F@0$9G'T1*1FB>3P=3D1%!41E9^DILF>:```
M!&?*GVI\P:1K``^?/H``#//T[U/STUJ`$!JDQV/1H'(^?/I2`O("<J/!H$!$
M<S6,,[F@<CV>CD<SP6'@]'Z9I]"9YH```$)\Z?8$Y^G<`'SY]`<#T=09Y^G>
MIR)JTT@8!H'<C.AH'(^=/IR`O(#R5DIH$!&<S5!Q/T_"4K)CD=SN99IGZ>#2
M,\T```",S3>/BS:-H`'SY]`2D1K@SS].]3D370Z&N8!H%X,\T#D2&@0%Y`7@
MSS0("0K.IU.I`>#L>`7D`+S//TA-TSS0```,(^6/Z,?'FV:H`/GSZ`@(3=!G
MGZ=ZG(FNIX-TP#5.)RJ>DUHGX9QZ*CL0G"IZS7LM)2$Z&B0GZ5$Q^'8\G,]'
M8G/PM(P5G4```D)35,H\&P`#Y\^@(C--\&><*GM60<ZH;Z-8^<W-O<$U93.@
M``":LIG0``````````!RW+8L`##,L^P/EC=+``?/GT!&0FT#//T[U.1-7'HO
M,`T#\/.YRS=<\&8=CH6&6>MSUF^32,P]D1N@````````GJ:)H`#(,4^Q/BC;
M-H`'SY]`9Y.;`,\_3O4Y$UI'@T#`-`O/!$:!R(B\C+R`O,<H-`@/P_2\````
M````Q2IAO,U`"`RSZ,^(-TV@`?/GT``!GGZ=ZG(FM$N!@&@?I"6&@<C**C]+
MR`_2,J-`@,XT2\````````SB\]&>:`!F'SI]J?)&N:P`/GSZ```SS].]3@S7
M<`_2\YDY6:!R,8U#D7D!S)RLT"`A+B\````````P2PF*S0`)BD'R!M&J`#Y\
M^@``,\_3O4T30`$!&?A8:!R,TO.!>0$9^%AH$!Q.Q>````````?/GD[E9H`&
M:9!]2?+&D:X`/GC]``.)LG6IHF@`(",N/!H'(RBP_"\@(SV4&@0&>:!>````
M````81U*`:`!$8!]8?,%!O@`````GJ:)H`"`O.)*:!R,<UB<O("\S#V:!`<S
MH7@```````&`?I2=30`)S.-DRBLJ`````!/4T30`&84@A-@Y$!4<#1,DL!(:
MIFE!";````````!D&F",T`#,/CS^AGRYJ&H`````">IHF@`/)X);FB=Z`Y'+
M<LFOT\$M3US?1[/PCK*XKJ````````0%X,\T`#&(SZ4^:-8O`````!/4_+S6
M@`3GU`.>YY`!VS0`..X`/TZYH````````B/(*#N`91F'U!\B:1N``````GJ<
MB:WP#`+#]/1(;9S,LH!^&B9!W!.;!G@`]%P`````````!EF&?8&(5F@`````
M">IR)J\Z%A@&@9YOF>:!R.1&:Q`7F>?AHD!>0'<\E1GF@``````````91@GV
M9\*;!]$`````">IR)KH<S?,`T",VS/-`Y'(A-@@+S/)3:("\@/9Z*C/-````
M```````R"0^A/@SZPT0`````0=(SN=>FW&@8!H'$U3/-`Y'$SS;("\SR8V2`
MO(#V>RDSS0``````````,X^?/L#$.AL``````GJ<B:[%I88!H$ILF>:!R.!"
M;1`7F><#7("\@/)T+3/-```````````E)34/A#[0[@`````GJ<B:UCJ=#`-`
MXFJ9YH'(X$1LD!>9Y,;)`7D!V.1<9YH````````````_FI]2?0@`````GJ<B
M:WP#`-`@-HC-`Y$QP-4@+S/.!KD!>0'LZ%!GF@```````````?A\Z5FP````
M`">I^?FJ#\W/W-%Y^GYN<,W8.9F';<_<W]+S+.A^;G/-U2$\GYN?N;T+````
M````````?'FP;``````)ZFB:$]31-`">IHF@!/4T30`$]31-`">IHF@`````
M``````!\`?5&J`````">IHFA/4@`>->\`#QKW@`#QKW@`>CM-```````````
M`#X8^D-4`````$]3RFO(!V*0````````````````````````````">IP9K6`
M,TU#\!Q-4\&:=0>RTS3T#P:9&<P#L5&4=0#0(#\!P-<`````````````$]3D
M36^?A^F`:!>#/-`Y'([GL@+S/+3V0%Y`5'X=C/-`@*#N9YH&>#0,\T``````
M````````3U.1-:1&;)@&@<S0(C0.1(0&^0%YGF6?2$!>0'Z>BPSS0("4V3/-
M`SR<UR`T``````````````3U.1-:!G&X8AH$AM&>:!R)SR7D!>9YY-(@+R`Y
MEAW,\T"`X&L9YH&>3'$O-``````````````$'2,[G5S83Z`P#0.9IF>:!R.)
M*:I`7F><36("\@.AZ*3/-`@(#>,\T#/.)R*S0`````````````!/4Y$U<?AI
M&`:!(:Q&:!R.)$;!`7F>3&R0%Y`>C\+C/-`@(S;,\T#/(#2/!H``````````
M````GJ<B:TCP:!@&@=2HSS0.1(="P@+S//)I$!>0'LZ%!GF@0$AM&>:!GF<?
M0F>:``````````````)ZG(FM\`P#0+P9YH'(@*@3FD916",UC..X!Q-`R"T$
MIJ&84@A-@`````````````$]3A374\[GK-]FL3D]33-7`Y$]31-=#]/!Y)ZF
MJ:]GX<R>IHFNH.9-4T37L]'D\$]33-=``````````````3U-$T)+GW@`<:SM
M.@#C6=IT`#C6=IT`<:SM.@#C6=IT``430`````````````$]3!-<=SWFBLO`
M````````````````````````````)ZG%FJ2PH,,V3@#\-`_#//0*3L``````
M``````````````````3U.1-=#V:1C&@7@SS0.1R*@0%X````````````````
M```````!/4Y$U63EIGF@6GHSS0.1R*#T0%X```````````````````````!/
M4Y$U83FL8IH&>;I":!R)C/-X@+P```````````````````````">IQYVIL!M
MF4:!$;AGF@<B4G-<@+P````````````````````````8!27%!@&@3&J1&@<C
M@0FT0%X````````````````````````,`H-,Z&`:![+#/-`Y$YT*2`O`````
M```````````````````!@'HVCV8!H%X,\T#D<BH$!>``````````````````
M``````#!/PY;G7-I*CP<MS]S=,\F<?FYUS>I4```````````````````````
M``#/Z1US0!/4T30`Y;FASL````````````````?_V@`(`0$``04"]DS";DR/
MI8P^EC#Z6,(#*6=P??6A>/*KBS`N3);(*.B42):T8LP8LP1WC=+Y+;KE:TH3
M_P`\(_ZSMY$1"1)$ZV#N5$M>$3R^2VZYW!/=#2XAB*E1**/^L[>1R3]@ZZG3
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MCPVZYGD:H\WL5`$?]9V\W$V2(3K8.Y3ZJQI2T)F")Y!%^\23W,2<X3LEUF/K
MD./_`&,,B2_M]A\,RRDT[;<3UJ1$7IE,B/\`K.WDY326FU]Z)UL'<I+[4>),
M4@Y@B>01?K_[3Q)SA.R9"2*>@R/>-O2Z0V^P^&8\-NN=P3W1%O1$-"/^L[>;
MC11B=;!W*>0ZN-(JF4(GD$7[[D1J0).<)V3@.:HFDDMJHV^P^&8\-NN=Q-.E
MB6PC_K.WDV2<=IM:5HG6P=RHEJJ.TI8B>01?R&7G)@DYPG9,O%/<`S';:/;[
M#X9CPVZYFJ4EELR4@1_UI"T(ESE(>&JBB;)CJCAW*BRHVFU44:N*(2DJX8S3
M>X:N*-5%#S[*WQ/,B8[]OQ=5%&KBC;OS_AF/#1SD.KB[FLD-;F,'=A#B2&Y!
MI2H8309:;IA-\<)H.--XN$T"(BX&A!C":$=IO3DA!<#(C&$T":;U&$U\0QX<
M%,H-6`@8"!@(&`@%&;(8"!@(&`@8"!IFQ@(&`@8"!@(&`@%&;(L!`P$#`0,!
M`0TA!_$,>'0#'@K<HB3^SB#[.(/LX@9F,/*^-E+;C#;XTAAKU&/"$RTY)TD4
M:2*-)%$1"$;I(-PWM,\-,\'T/LMAPZ(89?6SIGAIGA$4X9!>,Y+TSPTSP,GF
MGA,6M+.F>&F>&F>$-Q3D3W#;D&$O;ULNEZC'AMUS#=-3W"/^L[>2I)1VT*[D
M3K8.Y42UX1/((O\`N342<X3LG$1B<-OL/;G6C&Z[8PW#D,R7O48\-NN8V=MA
M+PQ'_6=O-U-1($ZV#N5%M-L0J@B>01?R>S6B3G"=DNM_Y4GFC=&WV'N.[=GT
MP7)ZE>HQX;=<Q,#4[8980C_K.WFYJ44<3K8.Y4<JPMK3V($3R"+^13[02<X3
MLEY%=S;K]J-OL/<1)6[HC0GYSJ_499:4G;?XD1E)5*B-M-I$?]9V\W11$T)U
ML'<J,1G#AL&P@1/((O\`!=.0).<)V2I'=.;67V@V^P]J^\IL..8:`_N&V;>B
M#->E+]1CPVZYCX3BHN"1"/\`K.WDR23#2%I6F=;!W*C'2'M>+PB>01?S'GRE
M"3G"=DR9#[<AJ*2'1M]A[64V\I+SFZ/H![.RT&7G5+]1CPVZYBO+4IMEMKA'
M_6=O-PCNO$1$13K8.Y49)*AM,MM)$3R"+]49*GQ)SA.R50JS>&WV'M9<AUA,
MB=*6P&'MQ@,PW8SSWJ,>&W7*&T(XQ_UI+B&Y.OAC7PQ*EQG&0[EQIT0H^OAC
M7PQ"42N"GVFI^OAC7PPN0R]($\Z1]?#&OAC7PQM]A[67-CQ$2MYVIQ@1]S>0
MSM>&<GU&/`]L=Q/KI(3!DFKZZ2(D%3#O!C_CD<S>6-;\A7'MZ!UQIML2GG(3
M.WIGX7J,>'!3+*CTT<::.--'&FCC31AIHXTT<::.--'&FC#31QIHXTT<::.-
M-'&FC#31QIHXTT<::.$-MH]Q+1+4R4.*AT0]KDMKCJ7C^HQX>QQFAC-#&:&,
MT,9H8S0QFAC-#O0.]`[T#O0.]`[T#O0.]`[T#O0.]`[T#O1Z4G$-4QS"BB:Q
MNBA`A[?&3ZC'ARO2,-6I>!5"EM(+31P;$8B0MM:&GGT-,/$\V#E*Q'7GUM]X
M;6VI[!:#^"T3CJ5&MY*$N(80@G*DWW);8P'6L5!FGN(V5-.*<6VET^[$2XWB
MOFRT%]RB4\E!/$PTUWAIY]#3+I.M<^Z+C)8)<+N"Y4W2P%+-[U&/#E=O.$ZV
M#N5#=:-D0<D1L[@N_$OR9))[E/LY=JUE"!;0_&+)U"&KQ%^'[F3G&I*1.MMP
ML'N_[`0+/GFN24H.3N3Q&525-GQ"A:IQ7([)::/7,C7,C7,C7,C7,C7,A"TK
M0QX<KMXX^VVJ<3FKG6P=RH3JBF"#DB-G./2-63S1N+OQ+\HS:BW!*U''EVK;
MC9(QUZJ!;13HWM1F<=J\,U%+;E.%"Q#<<DYT\DJD3K7<+"2A9SQ`L^?<([,@
MG-JVPFP3^Z-(VYIU*N3<D)7+^O@#Z^`/KX`^O@#Z^`)4.&VC;[!CPY7;R:@E
M"<H]9.M@[E;=AZD0<D1LY2*;JRLD[LN_$OR82?V#2C.'+M7C_P#;#_RD"V84
M:68#1MI:O'+EPD:)G_B3G34_VYUMN%A0M<(%GS[HKM;4Z78%Q=N[MI:@)+DG
MWO+.R=OL&/`Y,=)ZN*-7%&KBA#S3@=O-V.C$SM/<9UL'<K;&G$K$')$;.JC[
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MIMP7I;K_`"3[T2J:>`4@N,[)V^P8\-NN63KN<)UU3HC_`*SMYPG6P=RH3+*6
M!!R1&SN"[\2_*.E&NGV<NU:RA`MHQ5;C1\!+5XB_#]S)SA.MMPL)+:G9@@6?
M/N[K;;&OB.&(D^:B-"ER7U\D^]$^UV]#R'^$[)V^P8\-NN6OT]N0A#HC_K/1
MT.GHTAN-W`X+9\#*I)@H2G1I#+26D!4-LUO1NQK1I#<5"'1(94X2(LI"G(\Q
MU"TDM!0D$6C2&FDM-Z)ONT:0S'0T;D5"W-&D(B(2X\PATM&D'!;,.-I<;T:1
MHTAII+3?._W=[JWC9#DF!M[,'<=8ODGWHF]FEVS!)SA.R8#:S@L-K[-MN$1W
M-5"8D-J#23/=<)8PEAEM=,)8PEC"6,)8PEC"6,)8PEB0VO3X2QA+&$L82QA+
M&$L82QA+&$L82QA+&$L82QA+&$L82QA+&$L82QA+&$L82QA+&$L+)Q!<N[M(
M=8B;1M[S05L;32F7U.+Y)]Z)AJ*/`6I;W"=D[?8,>&W7,?$QHK+[7"/^M(6]
MC84P)8E)#VL:0%G1#)35LX4P1'%K9!'*<>4Q*4G"F!"I")0G(0L?7P!-@PDQ
M?9/^'+N3;:T:&&?#3;XR-N;D$?)/O1N!I*)MCK3C7"=D[?8,>&W7*"8U$6&F
M.8C_`*SMX%.(2<ZV#N4AXF=O0OO1!R1&SA'?6J:N_$OR9D+7(GV?L8T9IU&@
MBC0QA';2W,XRY#C"5RITA`_SDP;;'8C\L^]Y9V3M]@QX;=<M1$-N\(_ZSMY(
MD*:7.5VRIUL'<I9&>U0"5I8.2(V<F0HY<91G-7?B7Y1VJ[E/L_8PS(F$J2I(
M1?\`&<YAI)UYU`CQMY<8A,3FE\D^]Y9V3M]@QX)9W%E[$WD8F\C$WD0F)12G
M;R>;9(F(4<J=;!W*>4@MJBUTT')$;.,V]?%<_O+OQ+\H:NZ9/L_8DVRN$R^R
MF/.<5CHO^+TAIGC$9WI<:$UN"%\D^]Y9V3M]@QX<KMYNI59EM$[)G6P=RO\`
MK]=')!,0<D1LYPO\I%0Z4Y=^)?E&-&HGV?L?XT#[;ST:70GT7_&=(<90WMD_
M##?_`.D[(*MR-7)N?>4C[-X?9O#[-X?9O#[-X.S772@I4F$QX<KMYNG;AO:G
M%G6P=RG"_P`5",]-!R1&SE=OV4=+Y35WXE^4<U?83[/V*4.KB3E/-QEMI*0B
M_P",N3IV4KW2=P3_`/2[*9;?+@2I7J,>'*[>!Q"E"=;!W*=2M>V,)[68.2(V
M<(Z'<==^)?E%CNMN3[/V.)AP"1+>BON$F2B_XO.+0%HA2%!I6X$TTLS7ZC'A
MRR%H1+U<4:J*)LF.J.'<J+*C:;511`,C8#+[*']5%&KBC&:<W`35)2-5%$Z3
M'.)[%AG%C-MI;;-MLU(O^,\G\-LHBI0;=_\`HNR&W-[O48\.4TI,830:2R*,
M#O0.]`[8XCMMZ<B(N!H08D--Z?MC@L$AWH!FV8>2QV83?LH.3P1?\=U0RIAM
M_=(_!S>'C<AS&Y3?J,>#$%B3)^DA#Z2$/I(0@,-L[CP-ILSP6A@M#!:&"US8
M+0P6A@M#!:&$T7LU082E?7P!]?`#4=AGDGZBD@MZP1%W.0B-!D./R?48\-NN
M>,?]:2@G))PX:1H8PE166V0[EQH4=4?0QAH8PA%V\%,H=G:&,-#&"V&V7Q.R
M-#&&AC#0QA`,S@^UG..-@Y$DFPT^X3+)_P!KU&/#;KEB2IQ^-)2^D1_UG;S>
M4]S`G6P=RHEKMQNX8B>01?O/+1)$G.$[)D.&VQ%<6XP-OL/:[A)8CDO>=M6V
M'(>P,0=I9C->JQX;=<Q;O::]HC_K.WF['_7$ZV#N5$M=L)1-")Y!%_*1_;$G
M.$[)EFO!BDHF!M]A[7<G%(:BSF29,B,I"XK4^*9NJ]1E+O;MMQ&HZN*RRWPC
M_K.WFXG1H3K8.Y46TVI*B9$3R"+^3WE-$G.$[)F*-,:,I2F!M]A[68E"P:HJ
MWCK2#]=@P]+J/48\-NN83K1M1L(N$?\`6=O-TRA.M@[E1Z:/;.[L$3R"+^1=
M"3G"=D[A:PN[2C;[#VLB.A]"=NCHB!<762F6F64>HQX;=<ICMD$-H1PC_K.W
MD]/\"=;!W*C$2H>W.QS2(GD$7\IYEF0).<)V3)6I#$-W$9&WV'N'6]I95M#4
M,D^HQX;=<\8_ZSMYNQ+4AM"6T3K8.Y3%=#`CK90(GD$7[T5YR:).<)V3+8-]
MF.UA,C;[#VYUHQNNV,-PY#,E[U&/!"=P8>U&[#5;I74;L(34K62,4G]2\"EN
M&)"Y#K8<(S0P](0SJW"/4O"(3E`HWFYFI>!2W%$I3SKPF)6IG4O#5N5U+PAH
M6W#]PO<4J&WNRWO58\.#>;R,?\<CF;RQK?D*X]TRSB.0HDEA?J,>'`VC[L)8
MPEC"6,)82PI(PEC"6,)8PE@V%&>$L82QA+&$L82PEA24X2QA+&$L82PAOM5[
MIMO=B9A.[@M?J,>"IT)*OL(`^P@#["`&I,=T_FV/"(T3K^A9&A9&A9$0NW<G
MW'B<I/%)X=<FM)"SHAG[!QKLGCLGB*XZL@M<I4KLGCLGCOEMO"4XXVSV3QV3
MQV3Q%=4[%"%373[)X[)X87(U`DN/$OLGCLGAY4YI'O&/#;KD5+A'_6=O.$ZV
M#N5$M4+2M(B>01?]Z>X2<X3LEUU+3;3K;J!M]@(?BEY"EA%^'[EE^0M\3K;W
MC'AMUS,4I,=41"X8C_K.WD]]3+2._LG6P=RFE&F!M#*4M")Y!%_(1B[D).<)
MV3-2M4>(WALC;[`0_%HB3N(1?A^YCFX<VI&)UM[QCPVZYF$V;>X=I1&^_LC_
M`*SMYNB^QD3K8.Y4<Z0H2G5,B)Y!%^I;NM$G.$[)W'N*,QE#;[`0_&*RHI(1
M?A^Y8,S>VHOXG6WO&6S-.VW$]39-S*8`C_K.WDUM3O"=;!W*BVNVN*6P(GD$
M7[KBBGB3G"=DRE=L>,KN9&WV`A^+3YEN@1?A^Y9DF<W;%MJ$ZV]XQX;=<SB;
M-M]YQGA'_6=O-T7VM-]_9.M@[E1;3:R5IQ$\@B_>)?V(DYPG9,SNTT*U&WV`
MA^+%/LPB_#]RVV:YL>/@B=;>\8\-NN9;&,VXIYIL1_UG;Q^*R_PG6P=RFDJ5
MM\5HVDB)Y!%^;#AR1)SA.R925+;CDHF1M]@(?C%;<U@1?A^Y@K2Y.$ZV]XQX
M;=<\8_ZSMYPG6P=RHLJ-IM5%&KBB$I*N&,TWN&KBC510\^RM\3S(F-7%&JBC
M5Q1MWYXC2&$#511JXH9<;7.$I:$2-7%&JBB;)CJC^\8\"C[BT[_F02MW,_\`
M,B'&E)DNL,NE]?`#,""9%!@I/AA-!QIO%PF@1$7`T(,830CM-Z<D(+@9$8PF
M@33>HPFN)MMF'VF\+":!)2G@:4F,)H---UPF_>L>'#_NAS%6,58Q5C%6&U.)
M&*L8JQBK&*L*4X:\58Q5C%6,58Q5AI3B&L58Q5C%6,58)3F+BK&*L8JQBK#J
MG%(Q5C%6,58Q5C%6&25[YCP7ND5"D[O&K]O#'V\,1YS#ZOFV/"`A*I.X?^;3
M#9&UA-",1%NKLAMH:YD:YD:YC@9T(I[!EKF1KF0T\VZGY%CPVZYW7)=<[83"
MR6S'_6=O.$ZV#N5$M>$3R^18\-NN9S9*$Q):.#C:6/\`K.WBEI3PG6P=RHEJ
ME:5$(GE\BQX;=<SFXQH>[516LJ/^L[>;NLB0E))3.M@[E,&286T44R(GE\B<
M>.9[;_$C<4*-&X*;T$5/;&C_`*SMYN:7%I$ZV#N4RHTP=L;4VT(GE\EMUSN2
MTI9CVXC_`*SMYN3RD);[S1.M@[E1E$F'MCKZT")Y?);=<SVS<-M*DMB/^L[>
M2(R7^$ZV#N5'3W0F&$LI$3R^2VZYW-%5(KV"/^L[><)UL'<J):\(GE\DK:U=
M_P!8\$[>\:OK'A$@8#K["UKPI@0F8H+C27""B[DHCRT(4F82L*8([)M%\I_[
MXW]L?VQ_;']L,ZJG]L?VQ_;']L?^^-\%_]H`"`$"``$%`O\`:L?0)]`GT"?H
M'\R?&HJ*BHJ*BHJ*BHK\H?0)]`GT"?0)]`F?0)]`GT"?0)^@?IG\<?&HJ*BH
MJ*BHJ*BHJ*BHJ*BHJ*BHJ*BOQ)]`GT"?0)]`GT"?0)GT"?0)]`GT"?H'Z9_'
M'QJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BOQ1^RH*"@H*"@H*?$'Z%145%14'R$*B
MHJ*@C%145!F*BHJ*BHJ*BH(Q45%0?NCZ!/H$^@3Z!/H$^@3Z!/T#]$OCZ@^:
MHJ#%145%145%14$*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHK[@_BB]N?0)]`G
MT"?0)]`GT"?0)^@?*?(7*7Q9^C45%17FJ*BHJ*_%GT"?0)]`GT"?0)]`GT"?
M0)^@?IG\<?&HJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*_%'T"?0)]`GT"?0)]`GT"?
M0)]`GZ!^F?I%S'[X^2@H*"G"@H*"G"@H*"@H#%!04%.%!04%`0H*"@H*`_?'
MT"?0)]`GT"?0-?\`:3_`_@?P/X!T'\#^!_`_CX3_V@`(`0,``04"_P!JQ=`E
MT"70)=`EZ%/F2Z!+H$N@2Z!+_0(N@2Z!+H$O9E\<7)04%!04%!04%!04%!04
M%!04%!04^*+H$N@2Z!+H$N@2_P!`BZ!+H$N@2]F7QQ<E!04%!04%!04%!04%
M!04%!04%!3XHN@2]"@H*"@IZ5.2G&G&G&GOBZ!+H$N@2Z!+H$N@2Z!+V)]`G
M\@7Q1^W+H$N@2Z!+H$N@2Z!+H$O5+D/E/XLN@2Z!+H$O]`BZ!+H$N@2Z!+V9
M?'%Z%.6G-3XXN@2Z!+H$N@2_T"+H$N@2Z!+V9>D?PA=`ET"70)=`ET"70-/]
MNO\`_]H`"`$"`@8_`BZW_]H`"`$#`@8_`BZW_]H`"`$!`08_`OF3UN0D5'D-
MJ))>=%)6E1J2(K_XV/TXK_XV/TXK_P"-C].'FTRDFB=E*<2#38"1SH0A"+:E
MSQRJBSW*;63O/Z1X`Z_](M+8`3,`D+G699,!.2$K%W$E"8T\N]'@#K_TCP!U
M_P"D*M)L*0JR1.?TG>-_SWH*ED)2*R:HF,%Y]>8U#&9?LAQ+(*7!.T."?LP'
M.C6&!>8PST$\6&\;4\0^D[QO^>]"TRG.0D:<8S0A3JK(`%I1]I%&_`4DS!J(
MB\^O,:AC,OV1>#/2J(W,6+VPXM"N2%:2::1![U5I5I-,B.</>`.!>8PST$\4
M:)GFP7C:GB'TG>-_SWH*12I5"09?]5!HB[.>[9E4KF$9L%Y]>8U#&9?LA3A5
M-"TS;G/DT53JW8O+DDVZN\!"B0H43-$X5*KO!+K#/@7F,,]!/%"N[\.T:,8.
M.G']6"\;4\0^DB0I(%I0`LG$9>]#\Z\?Y[T=X:.[,[5-&+$%9<D-%2["0@RG
M36![U,Q@O/KS&H8S+]D.)0W9(Y2I"F'A/O*>29D?53$EILJM)F-'WQ[N!>8P
MST$\45SD93KQ#<3@O&U/$/I(]->N8O&_Y[T.%`FNBR*:YT52,-M+0=-OPY*-
M`E093./!>?7F-0QF7[(O#]DDJ!58IH,A12*9R]9P\$%5NUH%>2?]V.4'OJ5V
MDZXR2P+S&$2F3W0D!7R<54$*M3M2TISHHQRR8+QM3Q#Z2/37KF+QO^>]"FTS
MMN4(E*N5K'+)#1_M&"\^O,:AC,OV0IO$F=.6D59L<$-&2Z)'?WXDOEVDVC7S
MQN#`O,89Z">+#>-J>(?21Z:]<Q>-_P`]Z+*@%#(<-Y]>8U#&9?LAY9!3,5*$
MB:?KEEP'.C6&!>8PST$\6&\;4\0^DCTUZYAU2&"JT3YJU`\"X_BQ+]M2*X_B
MPZ\ZW8M_8D?],)*YS344J4DT]$B.4[^<[VH5-3M"B/%<Q?ZHI[PXY%UPBC<*
ML$C5``+H`J'?.]J$`*=DJ<_O7,G2CE._G.]J"E$Z3,S)49YS,_21Z:]<X2H.
M*3:K`L^T&/&7\'9CQE_!V8\9?P=F/&7\'9BAU=-/-[,>,OX.S'C+^#LQXR_@
M[,>,OX.S`45J5*H&7L`^E#TUZY@@NB8H.]'BB/%$>*(LMK"B*9?3AZ:]<P_W
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M[HEE^S!>?7F-0QF7[(3*R-+GS(J.(3I@*29@U&#G1K#`O,89Z">+#>-J>(8'
MMDUK.0$%*C/)+[9\&"Z;4^4O`G:L^:F$--I"K5/*`PW;9(U?H<]->N8O&_Y[
MT:;BFTII)1P2.Y3#1:!<%F0,C[M!."\^O,:AC,OV0BRJRNU))HR'WJ,6`YT:
MPP+S&+NE1I4@2JR;L,BW(*YLR,>21!P7C:GB&![9-:SD,FFD>Z)8^<:L%TVI
M\I>!.U9\U,!U0T4\DT9.&N>"\A8^[2N39IIB[;)&K]#GIKUS%XW_`#WH*`;-
MNBUDQY#DAH.3!E.TJT15+2(2?9@O/KS&H8S+]D([QTH-:4@%05*4PI(KP'.C
M6&!>8Q=D)*;=A,PHV:%"649*89*U`#=SRP7C:GB&![9-:SD-E0$T@63CYV"Z
M;4^4O`G:L^:F$.&WWM$I2EDST8Y0M!*NZ":!9T<6.+P*.5.8EC)KD..+MLD:
MOT.3-7+74I0YQW8?'KX[T+4DE)$J4B9KW885>)J<L%2:5#DB9JP7GUYC4,9E
M^R)N,]\*@D)"N.62`J1$Z9&N#G1K#`O,886N0M(2FT2D<V?.*8N\Z0J5G2KI
MQ#'@O&U/$,#VR:UG(38-*1IC2`EQ'E#!=-J?*7@3M6?-3#:R!6FR9KS&B4OK
MAP:,PG=M5)KQ0LN)(*I$VI3G3,5"<7;9(U?H<]->N8O&_P">]"TY93GGW(NR
M'$I7WB3W1-DCA4<%Y]>8U#&9?LAE"E)0F95:6`:J*C1SL!SHUA@7F,75*`HB
MP"92LU8S7]479"!]VB51E+$)XZN'!>-J>(8'MDUK.0@K0D.*_%-G-62#@NFU
M/E+P)VK/FICON\T318(.Y53N9(M4S.51(X*HGWG>`RD<47;9(U?H<]->N8O&
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M[PT`@_A+P`F@!QJ9_P!U,=[;;[PUJM"/&1UA'C(ZPB[;)&K]#GIKUS"U-*";
M1-(6!,%:EB@M+]_+$E.3&3O$_7]Q!0E<K%$K:)>1'B?\B/T(6\\9E=9M6C/1
M&)#8J3%(G'('!"M$<I6+=CDC@P\@<$-:(K.+<CD#@B0H&"D`QR!P0UHCDC%N
M10D#!(U1R!P0O1')3BW51R!P?1!Z:]<X;5,S7)2AQ16OKK^V*U]=?VQ6OKK^
MV*U]=?VQ1:ZZOMBM?77]L5KZZ_MBM?77]L5KZZ_MB>E15IJ^V*U]=?VQ6OKK
M^V*U]=?VQ6OKK^V*U]=?VQ(6I"K35]L5KZZ_MBM?77]L5KZZ_MBM?77]L$B<
MS7,DU9_HD]->N?\`Z!/37KF")KH)%#:S49&D#+%:_P`ISLQ6O\ISLQ6O\ISL
MQ903:E.E*DZP'T<B[,K>O%\4-!D+/65D$?\`N'R\\JE7NC<3\J>FO7,/VT)5
M*<IB?X[T>"CJB/!1U1'@HZHB\)0`D9!T&X:;0X6PJT24V9T2]X*C^6[P-=B/
MY;O`UV([P7EQ4BG1(;E2H#$@8%$5@0VLWIR:D@FAK&.A'\MW@:[$?RW>!KL0
MXE:BNPLI"C*<I#)(8%MAY3:$-H5)(16HJ]Y*O=C^6[P-=B/Y;O`UV(8^_6XE
MQ92I*@CW%*YJ4^[@T%65%;:;726$FN>6/Y;O`UV(_EN\#78C^6[P-=B&'%TJ
M6VE2CND?.5H2Y>7[R?Y3K*;>GCF9?5"GVGU/)5))"ZTE,Z)2$C3\J>FO7,7C
M?\]Z)6B0$Z)]ZJFLR-.&\^O,:AC,OV1;(F)R@*E*>(P<Z-88%YC#/03Q8;QM
M3Q#`]LFM9R+,](U#!=-J?*7@3M6?-3'=\ZOUX,-VV2-7YP94'+`8<<3=W&A9
M6TO1(._7GAR\,4M$!/>2D%D3JGDR_*GIKUS%XW_/>@CO4K*4R(29DZ7*5DQP
MHJ%FDRKD=T3HX,%Y]>8U#&9?LAHB0TZRHIILFJ6`YT:PP+S&&>@GBA2UE=KW
M544>W/@O&U/$,#VR:UG(9"I*M4!)WS,42GOX+IM3Y2\"=JSYJ89</NE(D,5)
M,S:]D%JU]X*2G!=MDC5^<I+O^.N[B@*U+'9HA8O3"6$I">["%6LL\FY\J>FO
M7,7C?\]Z'0AJP1.F9EB%`JX,D*HE)4CHV/JF<%Y]>8U#&9?L@69@DUI)2:CD
MP'.C6&!>8PV,K8XH<182BRKDI2I.(8E3P7C:GB&![9-:SD,4R-FJ5>"Z;4^4
MO`G:L^:F&ZQHSF`/[L9SPX;4Q8Y,Q15QX+MLD:OSEI+?^,38"19^_2,62S#G
M[J[?MPD)L:87.<YU2^5)*:;:]8P^,GZ[T7EM?]U<I2G[LJ/;!2VYWE,RHE)/
MU>W!>?7F-0QF7[(0DUE5$ZJ19K-`Y6`YT:PP+S&&@#(]VFG>A2"0HSF5"BO<
MQ8+QM3Q#`]LFM9R"X5:/-%-4L\JYXL%TVI\I>!.U9\U,)78-I)D#*BS9-,\Y
M(E#J*;00-P2HX<^"[;)&K\V0$([Q2U60)RQ3F=RB"LU)I5FP!M;H39Y+4RI7
M!28<M7=;#20GNRY0I4YSHQ5?*GIKUS%XW_/>A_3"DF=H3III]LH4&E%:9SM5
MB9I,C@O/KS&H8S+]D6B)@T8SB)Q`Y("DU&J#G1K#`O,8:.1M/%#DW+209%*J
MPK@$LV"\;4\0P/;)K6<AM#*@366J*>$B6"Z;4^4O`G:L^:F$!*"ML\J0,\=4
MO;!<M$SM?$9_5@NVR1J_-@I@@/(,TVN2=PP6;PTW<V%Z+KQ<M$I-830)$[N!
MU5R"65N@A8*;0I^(<,MR%H<:+=@#2G-*ISY)W)8Q\J>FO7,7C?\`/>AQIWE"
MD`UV3N2%$X/=BR#3(5<&"\^O,:AC,OV0A*!163/@T<?#$A0!4(.=&L,"\QAI
M)J+8!X(LMT)R3)X\%XVIXA@>V36LY`=*CHU)H*?KP73:GREX$[5GS4P+S-.C
MBLTU2I5CPW;9(U?FR"VRI\J59*42G43.F62'$'_'/:22*>[QCI8&U/6KY<BD
M'O!XS=&/WA#CUW4%MN(09IJG-6++\J>FO7,7C?\`/>C02$SKEAO/KS&H86LR
M3)8GP1XHCQ1%A"PI14F0'2&!>8PT"X`0A,QO1XHCQ1#RTTI4X9'>&!SO%6;3
M3<I[BEQXHCQ1%V#2K1#A)ED[M8]N`'$'&B<P<3'BB/%$>*(NVR1J_-DK?592
MI5D&1-,B<6:%I#VG(V))6#:Q2,L"`C_&7@)D)`69;TS5%Y<3<UW12P@KM46C
MI4R$Q\J>FO7,*4EX)M$_]P&145R-AQ`,BLXH_D?6_P#K0I/?\G=?_6C^1];_
M`.M"G%+"BKI;E96M9YN%735Q^BUG/%Z3703Q>BOH)XU?.,T%3I"6QRB<"`Y>
ME+>5HMM)2DJ6K<$HM7U0+BJD)')&2>,_*GIKUSAFI"2<I$>$CJB/"1U1'A(Z
MHCPD=41X2.J(\)'5$>$CJB/"1U1'A(ZHCPD=41X2.J(\)'5$>$CJB/"1U1'A
M(ZHCPD=41X2.J(\)'5$>$CJB/"1U1&@D)G7(2^<$75Q+;OO*%J+?^2MN$)\2
M\&TB?]LM$;E`.`WIU\+OC@TUJ3.S_:FF@0ZA;X=4D)F@"5F=JNNOY4]->N?F
M7+3PQRT\,<M/#'+3PQRT\,<M/#'+3PQRT\,<H16(K$5B*Q%8BL16(K$5B*Q%
M8BL?)-(0X6K2M)0E4`3*D&'7#4VDJ(RRQ;^!TWR\+2P`>[%U$A_K-*_9!_9I
M2`L"T4F<Y3D9T_*GIKUSZ2$AM3BESD$V<72*8_B.\+7;@E=Q4HDDS^Z[<37<
M5)3,`JDUC,L2H\)'5$$]TFC^T0%I_P`>J2A,4,]N$(-U<)2`)@M8O]<6P"FD
M@I-<TFR:IXQ@6A##CG=F2E)L2G(*YRAB,+0+JX+0(F2WC_UQ_!7_`,/;@-*N
MQ;44E0*K$M&0/)*O>CD)X(2>YME1LI2D)G/?D([L74AR8-F;,Z#,\_)!4NY+
M"16?NNW"EE`DD3-`Q0"+BN1V/;A*3<EDI`!/W7;@.!JS/$0)T48IPH(N:EA)
M*;0[N5&=0,+)N2](S'A9`/?W(6DL=VI$IA03CZ)5!:3=BZH)"C9L<Z8'**?=
M@*_9+D`1+[K'+^_<A+:[J6[<[)5W<J*>:HPC[FVI:K*4I"<A..0J$2%R6*0?
MPL1G[\37<EI3,"?W6,RQ*A;JD"RA)49`8J8_@K_X>W"$&ZN$I`$P6L7^N$N`
M$!0G(U_()%X2LI6J22T%%05(D$6:<4!3[U]O*$:26G4+L3%5K1$]_`EUJ[6G
M%G19MRT<I,J(>4]=!=7U!)5)07;%.,`5?*GIKUSZ3&9?LPG.C6&!>8PVV%@N
M)0FTB=-0Q;^!6U>\U6"][4>4C"SLG=9O!=]J.(P[:&DG212**`.3BAW-#W05
MQ0C,,`SJUC#NU7QP5V;,C*L'BA_,CVP]LFM9S!=LZM4Q=-J?*7%)EG@YT:PB
M\[)>K#>F0B0D@8S3@:S?()%V2DO+5927.2*"9F5-0@W4-!IU-%YO/X8V>,DB
MG<B1JCNEW-R\!-"'F9&T/[AS3"W[R@-*4`$,3G93NG*?12E5JTJ9`2E2JJ^2
M#ECDN_DN]F.2[^2[V8Y+OY+O9CDN_DN]F.2[^2[V8Y+OY+O9A*TF:5":3N&#
MTUZY])C,OV0D+,K=476P)Z6EHVM&8F=S/!SHUA@7F,)0)F;2)IMU"R-*S+VX
M%;5[S58+WM1Y2(#3=FSHE4TJJ,YZ56*B"T%:::Q#.R=UF\%WVHXC#YK&6S+W
M>=CB^A1512`K%/?]@A[H*XH0DJ`40*)TP6I:.(RW(&=6L8>)J#CG'!IF)Z,C
M:$I"K<W(?S(]L7@IY09;EPN9X7>'+)*::)@?%*+JLRG:75N`B+IM3Y2XNX5R
M29'2LDS*<\X.=&L(O.R7JPTI-:1DHIW]S`UF^09;=25@N465%/-53,2,/*0R
MY-KE_>N9)T35(T8!?._1>0[+_P!IHI";?)DK<G3#KEX?#UY<";:4\A`$Y!/U
M^C=4K`4DSFDTCQ&X_C-=1,?QFNHF/XS743'\9KJ)C^,UU$PA:&&TJ#K4E!(!
M\5,7;9(U8/37KGTF,R_9")K#=<E5G>34=^+M)-J1TC9G(%0RYL4'.C6&!>8Q
M6.\[I-`R645Z/_5@5M7O-5@O>U'E(A*I*,TT*YHH-%7MART=)R:0FDT@`\4,
M[)W6;P7?:CB,7AS2`LRI21DI%$C%ZR2$B1(XZZ!.'N@KBBZC*$X]W)SO97%N
MR:$URHJRS]D#.K6,7A0%HI6X0G+3"Q:M4UT2-%8]L/YD>V+QI6/N6M(])R'!
M:0>\)D`5*1FT9$B+D)`2*Q(8I`Y9Q=-J?*7%U)E*=$P)SF-T0<Z-81>=DO5B
MTI39Q)296Q551/+CP-9OD&C^Z3=).>*N1')51I40Y_\`-LJ[SE)DU31++N8+
M-U_PYO+::"]R09>[:Y4.*NS!NSAD'F5"1$IRXZ_1NF_YC?I)VK/FIB[;)&K!
MZ:]<Q)3J`16"H1XR.L(\9'6$>,CK"-!:52R&<,9E^R$G(K(E6+^Z&*$E0LXS
M:`M>Z(.=&L,"\Q@%3@(+=#=LJ(G*F1JP*VKWFJP7O:CRD0+(221)2IB8HG57
M#M<@,M&+%5#.R=UF\%WVHXC#^0"=K%4F>.7U1>S:G,"C1W?=)QP]T%<4(7WL
MK0\/+0D>R!21*FK(#C,#.K6,/#_\CG'!ME1,^=74(?S(]L/SQM-#A4X(\']Q
M3-(-FD2H/.$7.:+!FK1'1.61BZ;4^4N+KHT!7*D#3,"#G1K"+SLEZL-<JBJ5
M6/U.!K-\@?W03W0I)74-V>*`FY7?]S=/Q'74A*0/[%RM*X#G@C+`8O;;C3B-
M&A!*%2QH(G1"KQW2FFR`ENV)*5CG+)31Z-TW_,;]).U9\U,7;9(U8/37KF'@
MY:DFT194I-;[L^21DBI?YKG:BI?YKG:BI?YKG:A]"9V4T)F2KFMFLS-9AC,O
MV0B0!,YTRD!*DD49<L);+<U&R0N654OZP<Z-88%YC$K<K3:="UCLIYN!6U>\
MU6"][4>4B%N6S:3BD`*I5BO?@:1)DJRDRH$Q.&=D[K-X+OM1Q&'[2@0J=IL)
ML@`TQ>%,SD12I5JN9][=,/=!7%%W;22DV1I)IE.5,@=S&)0FJ<J:YSD=ZJ!G
M5K&'R@6EA;EE.4S@@H+9*JC9S<W<A_,CVP_;$T]TU/>4Y"W+L?NT9/ZSE%S7
M.U,KTJL1W3%TVI\I<-+6NRX#H)F*=XY\4'.C6$7G9+U884$VBBBC^I&48&LW
MR"$7A-I*%6P)D4R(Q9X4RTMZ\O2\)EQU<L^E(8`M*P4*Y)RYH6V)VVY6@1*N
MH[\O1NF_YC>`N*J$OK,H-DSE7A3M6?-3%VV2-6#TUZYB\;_GO0XW:%A(H31/
M%NSQY,-Y]>8U#&9?LB2YU$4**:#75*&VD4I5*U09UY:!!SHUA@7F,=Y6V&TR
MKH4`!FQ8%;5[S58+WM1Y2(+VBG+1,G?Q1;2A(4:U`4PSLG=9O!=]J.(P^I5-
M!GHXM&LSIAXW8(2F5(3(8\<H>Z"N*&UE`*P!)4J8[VT)3W9RER<E<#.K6,.D
MU=ZOCA=H3`_$F#3DY*(?S(]L7F5)[EN@"USG,43.BY:TK049@3E,*D<<75)-
MHVETU5@YXNFU/E+AEBU(F7)7)0M&N0Z/'!SHUA%YV2]6$VP`ZNI1D-S`UF^0
M++P)0<A(@J:0AQI":$@!L_5HGZL%V_\`BR>YD1-UOW9;U</*O%V-VT4!(*DK
MG2KW?1NF_P"8W@7,3R`2G/%*U1"^_4HK,C844FR*:K-/#A3M6?-3%VV2-6#T
MUZYB\;_GO0].=`JHW,A)A]*S-*%:-*3C-%'MP7GUYC4,9E^S"<Z-88%YC#2T
MH2%%`FH"FK`K:O>:K!>]J/*1A9V3NLW@N^U'$8=<'/%!EDD#*DSJR0[FA[H*
MXH1F&`9U:QAX3E-QRG?@BU:M&9.[Q0_F1[8>V36LY@NV=6J8NFU/E+P'.C6$
M7G9+U82@I):J70H)EG%>_@:S?(-AV\&ZM..65NIH,K),@<54=P]_D@JYM4)`
MGWKV.2U9,5%>!M*/\8Y*R*0I%-%=<.!Z[*N]D)LVB#.<\F;T;IO^8W@7O2EE
MG1]</!\CO;*3H\F14L[F,G"G:L^:F+MLD:L'IKUS%XW_`#WH>!2)6:%:-<DS
M%4\D7@`63:TA)(QJD:"<6"\^O,:A))4"FHI,JX\5WKF%3==H41RSBC26XH5R
M*SBIP2-1@)#CH`H`MF/%=ZYBPFJDTTTDS/UG`I=I:2NE5E1%,I<0A:@Z[-*2
M1IF/%=ZYCO+2U*`*1:43093XL";"@E2%6@2)C@F(M)=;GT%FO)]Y!;6\W957
M)LSUS!2JI0D8D''>N8\5WKF`A-0RTPHA;B;1F0%D"9CQ7>N8405$JK*C.J.\
MM*2J022E1%`JXX\5WKF$KM+44\FTHFN$VIBR;22DR,Y2XC'BN]<QI+<4*Y%9
MQ4PIM7)6"E68QXKO7,>*[US"6T\E-`^09EC73U551>:AW4Y8YBS:IX<`2Z\&
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MJP+5DUJR`3A??73N'D&RM-M2A.4Y@SIH.!UV[!)==!GWVD9GW5TJ'UPM"FE-
MJ0`3:J,YU$9O1NF_YC>!1!LRE2:,</*F+,DT`SIFKZ[,AA3M6?-3%VV2-6#T
MUZYB\;_GO0X%*2L3,I*F4TU2Q1)U[O:`!01C.Z<N"\^O,:AIMM01;M$DB=7!
MECQQU/ZQ0^*:>1_6.\[Y*I%-%C*99<"CD$(7WZ=)(/(R[\>..I_6)KI4%+3,
M4<E93[,#P0X$);4$@69\Q*LO]T%*GQ)5!T/ZQXXZG]80TXX%I6A:N3*E)3NG
MWL#"5I"DET32:148_C-=1,.*3=VTJ`H(0/F8Z:-<>DT'%.H'>4%BU:Y*O<IE
M!'[F^IM5E:G@G)3:`'#@DY_D%=T.2XAE"Z/[A*UQPMQV^?O$K";"K*4RE.?)
MS^C=-_S&\"RJH2QRQT4TPJP[WAM*MIFE4C:,SHA-9PIVK/FIB[;)&K!Z:]<Q
M>-_SWH5*E[&HSH!D9">+-"B):4A0)<G&<IP7GUYC4,9E^S``I0!5R0<<'.C6
M&!>8PVZ:0EM,^"`K+"MJ]YJL%[VH\I&!UDN6@F>CP;@RPSLG=9O!=]J.(PZT
M10BHRAW-\R6M<RKO'><K$XH#'')/65]L5'KJ^V'D(G9[MLR))IFO+F]!!;94
M^5*E91*=1,Z99(4RFXN-]X+-MQ2+(GC,B3@F^ARZW<U-7<MVR-U:E`C>$+::
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M4_1NF_YC?I)VK/FIB[;)&K!Z:]<PXIE(TB:P#1WBUCGI]^.0CJ_^6.0CJ_\`
MECD(ZO\`Y8<>?$K=<J*=$535[L,9E^R$]XFVDFS9TK-/O``SX(8(M5B=G<4#
M3!SHUA@7F,-VN<EL">]GAN8LFR**OJA6U>\U6"][4>4B$I*9KE:2HVJ*):(D
M0(>1BI./<W90SLG=9O!=]J.(P]19RI*4@U^\F<X=S?,E]\@K0'G:!7XJA[8!
MLJ;0*!;'_K%W;!4FT<2K,Z0/JG.'MDUK.>@CO%60XJP#BG(GV86E-WYJP4BS
M]U/%GAS]V\EX$)L64V95SR[GHW3?\QOTD[5GS4Q=MDC5@]->N?28S+]D)T;=
M-4[.*GZH:*D$EI22V;)..FFH2@YT:PP+S&&BJW((1X9D:I;D("!)``LB%;5[
MS58+WM1Y2(;-F=%*I[BL4/%0(29RKEBW`*=R&=D[K-X+OM1Q&'4);2B512D"
M?^K'NT0[F^9.3E+OG*]QY6Z(NZ4MVT\I1!J(JYZ=V+M)4E),K$P*"1]D/;)K
M6<]!'=,&\+<58"!1S29DFH40;5\+)5^`R!W:=P6IG`-&Z3E3,N3XH<_>=U*2
M>[[DJ(QVIVM[T;NXE"EV`JI*CST'FA62/XJ^J[^G'\5?5=_3C^*OJN_IQ_%7
MU7?TX_BKZKOZ<)0;NM(MH439=-"5A7N;D7=*A)0;0"#F@]->N?28S+]D)"E)
M2!->E6;/NT@SIQ&$6)=S,6Y<KZZ)0<Z-88%YC">@C%/)BA`LE-FBD2A6U>\U
M6"][4>4B$&TF8T`GG<DJRU9X=4HJ[I4[(,]S>S2AG9.ZS>"[[4<1AP)E*FV<
MV0SIW:(=S?,BEO\`[SLZ95.*E3GE"5-DI(Y0F,F,J"H2YWEE4@FS15/^L/;)
MK6<]`N=TMZ7,;$S$@XW=62)_=_>KR2*N2-[`#^Y`W)*^R+PY=%!>BWWA`(IF
MOY4]->N?28S+]F`65V:0:@:C!SHUA@7F,-H2CO+2!,?Z9CZY0A.09H5M7O-5
M@O>U'E(P*<5;"5"@&K6.]0(9V3NLW@N^U'$8<6Y9M+EI"LR&.@0[F^9.&U9/
M?.2/^\K-"`I*#HFA4JZ+*I:>[".7,60;-FS):L<Z:;.*'MDUK.>@FRV7)F1L
MRH$JZ909$M7A0E,3;<X*"<"`66I@#\178A0<0$.R$Y&8(IE31\J>FO7/I7<K
M4$B2Z31DCQD=81XR.L((2Z@DJ1(`CWA@7F,,_?(Y"><,D>,CK""12"X[(_[J
ML%Z"W$I/>"@D#\)$>,CK"/&1UA#5A:52:=G(SYS>!A2C(!T4G,8\9'6$.`.H
M)(H%H?,E)M*3]\[2FC\54)0GDI$ABXH"BD%2>2<8A[9-:SGH([E]-V-K3<4`
M=&R:@8`65?Y=5KQ!-01O>%]>!,V+O.5,UJ^R%.WPH[Q4@EMN=E(SFLGY4]->
MN?2I$XY`X(5,)Y1R14GZHK$5B*D_5#6B.2,6Y%&"E(,.Z(Y)Q;D5)^J*+(BL
M1(D$0)!/*1D]X1R!P?,E;5[S587MDUK.>@@.7?\`=*MCN6345R->*0$X3^YN
M[(NU1[@F;8RD$"C++`H72YN7E"#94Z))3,5V9UP5!*FUH-EQI8DI)W?E3TUZ
MYA[O`*"H\E-9>=%)(.)(BKX6^S%7PM]F*OA;[,/MH`DF@4`420<0&7#,I!.:
M.0G@CD)X(Y">".0G@]+D)X(Y">".0G@CD)X(H0.#YF5*N[:E&LE`C^,UU$Q_
M&:ZB8/=-I;G79`'%Z#/<+;0X'/Q:N2H2H(IA8<=NH0H62;*Q7NE4L#2!_C;Q
MHI`H"<F>'EKNR[OHMC[R5-*LD_E3TUZYB\;_`)[WH7GUYC4,(5.S)9D"1DR1
MI3&=:OMBH]=7VQ;1:"@I,C:5[PW<"LQAI1"B2@$FVK)GBH]=7VQ4>NK[8>2)
MR2X0)F>(9<#@7,A+3<A,BM2\F:*CUU?;%1ZZOMB[%N8M.$*TE&CNUG&=S!+*
MXT#*B@N)!BH]=7VQ4>NK[8J/75]L7<DS):1,GH_-F5H94^0YR$2GR%4TRB\@
M?XUU/?3I^[]V5.E@NWWR5*<EWBE@>[:HLV<D/!+EI%E"K,YR)*IRX/E3TUZY
MB\;_`)[T.H(`2V95SB8$I9OJEBHP7GUYC4,9E^R$"=F:N5:*>:<!SHUA@7F,
M,]!/%"^\65F=9$M['@O&U/$,#VR:UG(:1S5XO6G@P73:GREX$[5GS4PMP2FD
M3IJA*ED%1K*:J\6"[;)&K\V8<?<[IOO*3,CF*H,HO"?W@4J?W&(C1HLV0,>#
M]T[<K**`@$::YU2$\<.=W=#<W%!-MLRI%,C1/+\J>FO7,7C?\]Z+S4%XZ,M4
M\LH=F):4^39KQ8+SZ\QJ&,R_9"!:L37*=JSB.?`<Z-88%YC#/03Q0J8%F>A9
MM@2E_?@O&U/$,#VR:UG(97*B8IID*=P8\%TVI\I>!.U9\U,$(3;)HD/4P@*G
M,8U5G=W\%VV2-7YLV$O(NZEKLA]<C9T2:)T3HE#C=ZOC+Q09=Y-(M)D#R1GE
M$C489_\`Z5_;*+K2RP$F=K$IRND0J\!Q#C2P`U8R#=^5,ER%M=$O[C#_`*_C
MO1>4?A+JE:J4)\ZC'"^[5;G6='*3S99<%Y]>8U#&9?LA%?*J!E/1-&`YT:PP
M+S&&N@GBA15SE6JI5[PP7C:GB&![9-:SD,D"8Z$Y4TZ4Z,%TVI\I>!.U9\U,
M.*G*0KG+ZX055G=M?7@NVR1J_-FD*92_-="55"@Z6.'TL7!E;%VHO#U`IQI1
MHTD;T&5>*-"Q;_&G*W;YUO'.</?M+/=T=Y8Y%O>HG*OY4]->N8O&_P">]"UV
M4MV:RE-D2K^JF%);43(TVLI-/UX+SZ\QJ&,R_9"*9&U09R%1KI3DRC`<Z-88
M%YC#4ZN[%6;<ARTNT;?]U%%4E4C!>-J>(8'MDUK.0TH<PA*C31:Q'V8+IM3Y
M2\"=JSYJ86+=B=$_4&&RJ9)$Z:3353@NVR1J_-K*BI,J4J02E0S$1^U;FVSC
MLFDSKF3.O`B\7S_'-?MG2`EP*^\$^25RKG`::2$(34A-'RIZ:]<Q>-_SWH43
MI*6)+*J9B-$2G@O/KS&H8S+]D)5WA0-)!DDKY0W,V`YT:PP+S&&DFHM@?5!;
M;24$4V3:X1:E@O&U/$,#VR:UG(0I::*UJTJ,A(`(."Z;4^4O`G:L^:F%J3R@
M*,?V1R;%DRH$AG%=&"[;)&K\Y[@.7U]3>BON5+4$D?5"WKJ\XZER25=XHJ*2
MF=&E2.5\J>FO7,7C?\][T+SZ\QJ&,R_9"$)1;G/1L*5BE6*!08"$\E-`@YT:
MPP+S&&Y5]V)8N;EA=L24I4\OUX\%XVIXA@>V36LY"':.Z1_<9G_3*0P73:GR
MEX$[5GS4QW8($\:DVN"JF$-SG9$IX+MLD:OS@RH.6`PXXF[N-"RMI>B0=^O/
M#EX8I:(">\E(+(G5/)E^5/37KF'%-L%043[G_<6L$::<2X_C:GZL$"[TBOD_
MJ1_&U/U8<>>;*+?1R)$J%+]V&7$-EP)M`A-F=,O>*8_B.\+7;BBZNG%6WVX[
ML79P3*:26Y4*!Q+.!0%9$-H-T=FE(!I:Q#IP!^U=F:J6^W'\1WA:[<.J6@MV
MUE0293E(9"1@6L,J<0IM`FDHK25SY2D^]'\1WA:[<`INKI!I!FWVX8^X6VEM
M94I2BCW%)YJB:S@T$VU!;:K(ES5A1KD*A'\1WA:[<2_:NS%)$V^W'\1WA:[<
M,(6)+2VD*&Z!\Y[^_P!Q";G^#>%26=R::Q:Q0MUUKN&"$B[M'ER$YE0Q3HH^
M5/37KG"[G'%Z*NFKC]%K.>+TFN@GB]%?03QJ^=BY)_S*E/-R^Z"45HIHHQ2A
MPO7E5XM!-FT`)2GDS_*GIKUSA*@M29U@2]H,>,OX.S'C+^#LQXR_@[,>,OX.
MS%#JZ:>;V8\9?P=F/&7\'9CQE_!V8\9?P=F`>]7,5<GLQXR_@[,>,OX.S'C+
M^#LQXR_@[,>,OX.S`2'5R%`Y/9CQE_!V8\9?P=F/&7\'9CQE_!V8*BHJ)D*9
M8LP&7YVR!_CF06K*DJ[R1F*\6/'#G[ME+(`38LJM3KGDW/E3TUZY@I5>&TJ%
M8*Q'\EKKIC^2UUTQ_):ZZ8(:=0X1794#Q?3AZ:]<P\%*7),Y!*UI%+[L^21D
MCE._G.]J.4[^<[VHY3OYSO:A]$U%*9A-I15S6S6J>6&VVK,US,U;F;/'*:X%
M?;'*:X%?;%M7=E,Q,`'&99<"CD$(7WK0M)!EW2L?^Y'C-?E*_4CQFORE?J0X
M'9%2%E,TB0X)G+@4TTI"$H0A6D@J,U%0Q*3[L>,U^4K]2/&:_*5^I#(<6VM+
MBBDV4%)Y"E>\KW<$VY6RI"1:I&FL)W,L>,U^4K]2/&:_*5^I'C-?E*_4AEU7
M*<0E1E5,B>!92XVE*5J2`4$FC=MB/&:_*5^I'C-?E*_4AQIU2564H4DI24\H
MJ&-2O=P-(:*4EPF94"JH3Q%,>,U^4K]2/&:_*5^I%LN-*`(F.[4*S+WS\]/3
M7KF+QO\`GO>A>?7F-0QF7[,)SHUA@7F,,]!/%%I)F,%XVIXA@>V36LY%B>E@
MNFU/E+P)VK/FIA3B^2FDP%MFTDU'!=MDC5P.[5?'!0)VA7,$<>![9-:SF"[9
MU:IA2%L]V@3DJN=/!3@.=&L/GIZ:]<Q>-_SWH)3RIIE7[PR4PD/JFH":5*G0
M99*)[^"\^O,:AC,OV0DI4$E2I4YCG@6Z58X.=&L,"\QA"A6&@1.?N[E,*5C)
ME59H`HHKX<%XVIXA@>V36LY"4JY(E4FG+RC_`-."Z;4^4O`G:L^:F"E$YGW1
M,^R!1)1I7CI^K!=MDC5P.[5?'#M!FJHRHJ&.>YDP/;)K6<P7;.K5,/:1L)/)
MG,5#%B@R-5<'.C6'ST]->N8O&_Y[T)[QP-MVM*<J:#1I3&[#3B%R"*4KTA18
M-.A`[R5OG2B\^O,:AC,OV0@_W4TA.+=G@.=&L,"\QALY&QQ1]X5%4^<)'B3@
MO&U/$,#VR:UG(2D6N[E3HF7#*6/+@NFU/E+P)VK/FIA2DK*+-,TUU=)''"?7
MVJX\%VV2-7`[M5\<.NN-65JHMXB.$X'MDUK.8+MG5JF'%IF5*238GR3[I]F_
M#IE(SII2<9]V#G1K#YZ3;4--=`Z1A_U_'>A%MKO05C>_NWH89!#<Z0;4@)"5
M=!QX+SZ\QJ&,R_9"&[%I%*CR<TM($<XX#G1K#`O,89Z">*"5$DA4IJG.H92<
M%XVIXA@>V36LY#2)F1%5,L>0CZ\%TVI\I>!.U9\U,+511[U7MA)]?9@NVR1J
MX'=JOCAQHG05R1_=*?%@>V36LY@NV=6J8=8)%')TA/@KAZR*0LVN$\&:#G1K
M#YZ>FO7,7C?\]Z$)7(36F4TVZ:X:;2W:M`@J2#),MP!6"\^O,:AC,OV0B1*3
M:K%K)*M,LL)[SERTI0<Z-88%YC#6S3Q0JU.=K'3B%1JX,%XVIXA@>V36LY#7
MNRQ'C&"Z;4^4O`G:L^:F%V4E1E4/Z0W3.BOUG@NVR1JX'=JOCA^G2`JM@Y.9
M6,#VR:UG,%VSJU3#^D)2-FJ:5&B8QU0JD4XDB0XSE@YT:P^>GIKUS%XW_/>@
M)DDTSTI&5%<B#.$I0FWH$32.<)2HQ`X+SZ\QJ&,R_9`[T$V:A,@<`P'.C6&!
M>8PA*.46@$Y[,*%E*`532E-.(8Y#!>-J>(8'MDUK.1WDDRM4*Q@2E*4LN[@N
MFU/E+P)VK/FIBR$VTJ,E@9.$0D*39E1*NC%EP7;9(U<#NU7QPZXI)`(D"H`8
M]S`]LFM9S!=LZM4P^L5RI(5:37NI2<!SHUA\]/37KF+QO^>]Z%Y]>8U#&9?L
MPG.C6&!>8PS]\CD)YPR1XR.L(\9'6$/J29@NFD9A@=MK2F;34IF7.<CQD=81
MXR.L(NH0XE1[PT`@_A+P`F@!QJ9_W4QXR.L(\9'6$>,CK"+MLD:N!U*W$I/>
MKH)&6/&1UA'C(ZPAXH4%#NFJC/G.8+L5J"1:52:.:8\9'6$>,CK""$NH)*D2
M`(]X?/3TUZYAQ3-G2)K.+O%K&O',@C0FFN.9#CS\IKR9=$<28DZVEP"JT`>.
M/XS743"IW=OE'F)@$7=L$5&PG#R!P0UHBLXMR.0.")"@8*4@QR!P0UHCDC%N
M10D#!(U1R!P0O1')3BW51R!P8:4C@CDBL8MV.0."*`!FP4B<<@<$.:(Y63<C
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M#TUZYB\3`-=>W>@=VD)*C*WH4=>$E:4%1IF`/Z\<<@<$7@`2'_V-P+<YJJ"4
MJ4>!(,<EW\EWLQR7?R7>S%/>#%,M.`4[I3@G$P'"#4>Z=[,<EW\EWLQR7?R7
M>S%I$Z#(S!29YC(_21Z:]<Q>-_SWH2HS*$FD#,:;4TRAE3<TSL22"!1*J9AM
M8J4D'A$7GUYC4,9E^S"<Z-88%YC#/03Q8;QM3Q#Z2/37KF+QO^>]"2IX-(3.
MV%5$4'*,E.Y#.E;`LTS.E1+WD3X8;[T`*EBIHWRKCB\^O,:AC,OV0+1`G0)Y
M<!SHUA@7F,,]!/%$TD*&48+QM3Q#Z2/37KF+QO\`GO0EQZ<T'0(-(.YEJAKN
M"I"`0D<TB73!E*6.$4SH%)IB\^O,:AC,OV0TB<[2O"FD6ANV@9R@)%`%`$'.
MC6&!>8PV2;(#8FK)HPIV6FI4E+FDDRRE(&"\;4\0^DIEM,S70(?`J%7Y[T(4
MFW-"N82#2-P*AE)+80NR/O%V=SW3.N&4@@@(2)BD58C1%Y]>8U#&9?LA+:4K
M]ZTB8JQ4`X#G1K#`O,80H"T0T"$Y=&J%@V^5--NN4AEP7C:GB'TG>-_SWH22
M`H6QHF5-!QFJ&I&8LBF4L63!>?7F-0QF7[(;"%V7"JC@.Z,<)MB2Y:0W8.=&
ML,"\QAI1H`;!)WH5;-I'-57GQJP7C:GB'TG>-_SWH;1W@2%4%!44VJC1+-+?
MA*5&TH``G!>?7F-0QF7[(%I2@!6D<DYP9SP'.C6&!>8PVF9$VP)BNJ"`2J9M
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M``@!`0,!/R'^EK6))P&PPB_(<<=8.*`M->2%:5<7^#&$9O#O0[$8EBF-X\/!
M\3&(!$4HA.>`LX"OE4;+IC,"3C??N6A;D@-FVC]4)N105`.ZV*$`DC<3A[C@
M/Q&P)<U0;SG5;M?D]=2VKI6WZN#)MVQQ!FUG[IM4,I=U#&=XSA04#2B1'4:]
MQP'^T;(O`+@):\7._9`MR@@#Y25=D=Y9>,@I^.'4MJZ5MH91)95/?\_5@9*8
MT29*S+`&`+':@N]ZAD07$U9/*@`@(*]QP'YLO&9&#)(@>*]FQ3E#.6!*,(G6
M30:,%-B(L8[/!U+:NE;::X61%@Q=+[H\'U0&!*P",.+PVJ6J@R+$W;7J?<1@
M0RS)[IBAU2P&-Y86&8F>'N.`^NT>C*;7F)73-0JTB$),(6^>WB4KWS0`[$`C
MQOOPZEM72MM%:EG2)7IDS3-Y=V?JP/`3!0LL3'`G(N(:AVXA$`,`L2_#W'`?
MGSJ::%X2LVD(DM2?@SDS*6BRNQJ6&:*%DF1MV`^QPZEM6!X(1.A*)VO5BE2-
M,-%7N/'ZL#P$B+@L1,%"X7(YJ#:3:0`P8S;SX>XX#[!('$Q`"6%PVM$=>X8,
M)O$)),4TA9(-RW)_#PZEM72MOU<'@)?K.0D^S6.'N.`^UQ7]%!&EK!PAGD]=
M2VKI6WZL#P1Q);XB&(N1KH+0RB6!+:N@M.7B72)AA>77BE8&6(6JZ-."`Y.@
M+=E!BBD3$2Y122@;FO`$N(A*-N4!`!BD]T#MY>#@@$&",\6JNAO]5P(MI7`L
M1J*_24?I*/TE'Z2B4RBK9N:?I*/TE'Z2C])0*^W82Y&H^JX"Z70G"H3R>3_]
M4$I!O&_UW`7$;/1<1XP5;Q,U9F6-.;6+T1\2Y.GAP\M;O;)=CS9H#>%CB-@]
M4J7*,0Q.WV<$$'I0H05#:SMP<G*)Y%>`ND0GB0()(%G,`.7J."":JV77$`#3
MB@0(BG02`(I?9PMB)00D%!3!NY$"!!$B%=D&HF;7^DX"2!;\V49#]V*M]$&6
MCO'L.'N.`_*;%47!6!*;8:-`.0U./KJ6U=*V\P-`V_,B4:X$*(O!]>7"@?;&
MU199+L[1;VX]=V?2<!+I31I)-A=607IA#B3*"B6BX3KP]QP'S("].]DE`[GD
M]=2VJ%]EPP<R*2=%"$QM\6:([VQR`T!,!$*S0/$*73)X<N%`#UF,^$6;;C/!
M89(:@2S"[-DTKKNSZ3@)D(D0J696["DU8@A12%Q+J2X>XX#^6K20RP#&FW)Z
MZEM1>ZA2J47!*:%Z)B`@6%B;[K%O.W*#09((USV8C/YTY<*`A3DKQR,[V0,F
M'NTB.PN"XPUWF@&3NR\^(#)LGRKKNSZ.FI'`GA`*$"P"$W;:KFK>^A`MF"!B
MH`S%W!7;%EOP]QP'Q;6;`V%PQ=AG,5@,R'`G1./KJ6U2E.E!0FZB]AJ71*,L
M"=")23=MMR@T&5;::`)[,>MRX4!Z\@\BK<"QB+.\XKPX=K-=Z.I1,EP$K(2V
M?2*Z[L^DX"9(B&9$M&;P1C'>GXM@Q`*H,SY\/<<!^97(`R`PLO'XZ<GKJ6U6
M?858B)>N%(D.M#%;,.2XDC!@N8<H-!=86$4+78#:W+A016S:-1(+K2Z?%38M
MY)<FR4?:C>X%$1"^$LS77=GTG`2=HF`[O!TIS?E"6`OKBV=N'N.`^?N`C"#4
M4%J87*Y;/'UU+:NE;:C;=:!2ID$4/;E!H+/,`[@V#*'X<N%`@>T.60%G8!.$
M@L%==F%"!Y!77=GTG`3?UDD16)N82$+-#="$$K>9/L\/<41Y'R@F-;1MPS.-
M(@G@T,:5':'IWJ2(P)>U/#J6U')!)#L.]=2_FNE?S2I$821[YPV3*4O$KI7\
MTE9Z7O0?DRLC);@[XC2P!<:A1.*&1@@F]XK6Z7QKI7\U=T]GTC!'<:T`R%29
M:F9YEL7L,SLVJ1`H0"+21&W@2%`#8(C0`!TK&4-R:_4J;+X<H"R&F&'']2K<
MG)9OK]2H>$V"W!F7-T&OU*FHNNFV4_+&X!P`@%9&OU*HI;VU'ZE0`06#!]*P
M+E'<3'9!RX,&#!)2,LNZ\K!@P8%42W)AYF#!@P8"S$(!9#E8,&#!(&$%;91D
M[O\`J\&!"HLH4M`D8"6Y-6K4_C5BWS%KC/TZ)PH78+2S&^M/9MD7R9O!NW?Y
ML&U<BAX]=*_BNE?Q72OXH#)F!`\$HOFEDL18:[<<.&>$SE"`R,.CP3.@GD4'
M>+$$R6XL.%!*80I%XZVW`!O$I(:JC`XX<)\P`EB\)$R->`-2*0*#P@)A9.3#
MAPIQHD2%6#O_`&7Y.9P+25AT-J/E%@2!4G4C_/@)9-8DE!*G,9"T&>T'#W'`
M?".3!I92?%(I$DQ+F./KJ6U=*V\P-`@4`)ENAFW+A0)!+,A9A+ZXXNN[/[!1
M*0ML:$>Q.`S%D7(,YHM6Z\CV"A8W>7\^`F&X48E`:IA;6?`SFK1CMXDP=X>'
M#W'`?=R)0C+&7;,R^O)ZZEM3A-N]IJYX,0@($1';X^4&@LG8W.$S*%FQMRX4
M%^F8G96`U"HA".X#IX==V?V4WT79'6RO)5CY7%[T0B+/Y\!,#9Q9R!D2R8C9
M8Z4\R=%O*6E`S;2.'N.`_)F(L$360NG@9;')ZZEM6.[.]RY\*.6("#WI;-HT
MY0:!QXJDBL%U;L3)&+SRX4"-QD,S&#</`.=*,&EA@0C(9NLVM'<X==V?V8'O
MT"2%]":&`8`O;,(1!_*,]4C4`*P$#L4R@!K3+BPLFLR(FF.')@=%(L$>#A[C
M@/VX(2!>AF*X6)O<Q/)ZZEM2`&`,26WO)2@R\PT3>0+6SGE!H`'@H#>G5!5^
M2Y<*"9,JJ<["@YQ?72GJN`W&H&%.HM@[UUW9_6FMAB(7)G10A=JSH,O>,\(6
MZ@(/0,3;2GM^2ZC960M_/@)AC$6*#+P`\"A)(G*170&[+'#W'`?+/8H"`F,8
M)1"I.5">C"<?74MJM$LB"[C@I-G3]*8+0J>Z=.4&@C#&5HLW4=B#RX4`9@$+
MW)6:$^"I'W`^1G98\>'7=G]:"_KGAACN".3#]JM]>C:`2$6%<(>+!+&&]O(H
M-S$D&900[D#?'\^`EN)P28'F2'UFBA*9:SM@>7#W'`?FY!4,!(NLOOHB@``(
M"P!Q]=2VH*9-.R:C<Z"@>$F.4&@?=8+P$M(!AODY<*`6RT$CV!'LFW'KNS^M
M,5`0!K$9AFA^!]2"Q*"?3A-TN"9)6Z>^:DE@RZY=FZT[_P`^`D-`%,$2[N[Q
M]Q1$ZT/$I`]./^X&;*5X5W56H&]"3(@GC_ELD6DD$GF<$TC)ZKG[2<?\YI3T
M71\P<`1RGLDOD')_^$!(20<X?UOL0NH`+AT_W*@(70(9X62CE"1@6=A5BE4E
MU:2QKO/\V"\<&QMG"`>"NP[,)R23P5B51&":L)0K`_@(Z#OYND;/[O1"BE[C
MV_-$=#0D<!-80>F/>:45ON1(TD?.<;?T,$K[T"_=KI#\5TA^*Z0_%=(?BNJ/
MQ72'XKI#\5TA^*Z0_%=4?BND/Q72'XKI#\5TA^*Z0_%=4?BND/Q72'XKI#\5
MTA^*E^SE*,3']C2:.&C8O9[H^%1V>6E_V^V\!P'D.)Q7M@78O4CD\EDN$Z'I
M_>P*!+BOTROTROTROTROTROTROTROTROV!7[(K]D5^R*_9%?LBOV17[(K]D5
M^R*_9%?LBOV1_%?*.`U@F++&V!H+J2$(3*C[.$A#3ZP6+'.MO%3RPMD[A*66
M_P#3P:4G&M&51:\,-R8^)L+85T44F@"A$%E<NA72'XI^PA7L>5((D;022B(9
ML`PBTAH!@C,$@R&3#PME`P9(A+PZ4C"-@2$7A-2J!CZZT+(4V5^F4[<?(!2Z
M]+>AMZ,L"*"5Z76CQN#>R:D9]%-`FK>LD\5&+VA:H1-PT!0)XTI0V,FC0W5P
M"EPQ[936(A-):/BE39;XVTX1!I2TQ<D!>83%)7=;*J0Z+2IBGL)2%ESCM0(,
MZD7>\SK3&D)SI-%ED(HY,`8@B"RN70I/(3E091C:I5"(9L`PBTAH_P`H0PG1
MA3U_@$AT@;!6FLH:282R%`X)JBE@7:EC29`U"R0/6+[9IO?A&#%;HEF=S^Q@
M?]=2VJ-Q&"-Z^6C^)!A0`\"!!.22PNF\LW^W#^A;ZZEMQ?=1WT0D%CI0[HSS
M/H'V''<\2CAZZSNIQ6>&L9BFL&8P9T_B^X\^F>Y"Y8H\$SI32<H4D&TKT"7$
M0E&K],$,*PP9TVID9S2FK)6G;QL=^69D*>Q&40`ASH$"!`@019FW@2/V_@P/
MS;*1N+?NFH<=$A9S3Q>NI;5%(@O";!8+R?=J<J##?\)+#-@(&+$;T;A*=L]M
M>1`#;+HLUR0-P"_EWI?NS0Z8"[;%BNA;ZAWUL"D#%$MP#()RLRC?MP?'F1.#
M#W@J7B6)"RD*&S1WSP?B$DI6)\+V5#PC><`;4/E05`A12?\`C<,,8\@)6""T
M$ERUXO0`"P15=9W4_KW%C*!0)>Z.TS_%\L^@@4O%@B;%(9HA1;3,BZ,V>$3*
MPBK`OY9@EDEI:IEK:OS$MS=Y2BF2B&J-JZZ_%==?BNNOQ777XKKK\5&2;.6+
M(376=G\&!^2J"%F]%M@,AC:HG.$A"_9%KB]W'UU+:E*6D\T^"!?-;3E089&U
M4&J0W9U>5%,8!(.Q@+3D0`U7KLH2:B!MFM09`"RA47:67WKH6^A)FMPP8GOX
MBJ3(`$9EQ/8F(L\^#Y^XL90D")S2[9Q@+28"9TN9;YG@^9..0D$7A=)Q-)@&
M#@DE;8@J6VQ11";SA!Q"1$8GAAF9TM`."8Y+6'3AZZSNK-;$M$A$-S[W\7W#
M=@L2R%U1&V*$SC$AMP%N&Z;8/L5*SOBIW*<.F27$9P+/\GJ#K.SA@:VC`$\I
MKH7\UT+^:Z%_--([D%#[<'R2C)+$N)#9.F<6FBU-`NN`RD$ZI&_'UU+:@6%<
MO@AD(TP8+<J#"G,-O*%#*#:TU?51XFR.Q=D(;7G/(@!D=(1+(#4:J::+XH3V
MZ`B&7F&A70M]72P[XR1&NG[T^@P*+;+%K,0$:S-N#ZXB24F<\4JFHR8U6.\R
M:,FG!]&;!YF8:96H+@+<H5D;$6AOG>FX;$R!L`N9N#OPPY"4PR"(2D-YMI.W
M#UUG=3KL+&Y,RM<_3^+Q)N.1#$F1HT(1F,$Z[85+R1"),TCZ@(L$$"5LW,5%
MLM185.Z-Q?/\GJ#K.SA@N"`%U*FXL<\FK5JM!%D@&#+D'/!\@"G=N`09AV/&
ME8`N0LQF-#B]=2VH18$/6!SW0-]H[\J#"$E[&KA:8O?&E`.W4HD8!S&9Y$`-
M;$BRXDV49&[E:8';$7AD.U,:UT+?0F?`RE(([!K3P4F`@VEF<4%K)[\'TCL>
M*!07@N]Z1!(KK`!FRX,WG@^*W"'B/Q0!B-AXL68?@I&)K<0=L_+PPKSUN"-H
M+,^$XV.'KK.ZF(+S9K"BPXFL,S#I_%\:#\80,H;4AN"'8J\1&L_;AVIP(-Y1
M)W*CB3'+)P+9)+G/Z!"O*.Q^5;:C!,^/AR(.L[..`E_,1C`82ZANLX^XX#]W
M,L9K"9RQ02"'C!C)/1QGMQ]=2VJ(L""`K+<RE>=#8Y4&&!0+V!Z1*P8[%(Y+
M0`INRE[O(@!QY-&9A`57&/!Q4UDH*2(LW:5T+?4J*,"(-'-!D21G4PLF!8\'
MS"0%5P$Z;'D9`2XW,DG?@^A&=3)\03]Z$7F2M=%EBZ)?%J'N+`A=@$P"8+\,
M/<-X`-T5I@,WLMFA`3,7FKK.ZB=/%DCYI4.VW\7WR1)</+/@VI@109Q>4!W(
M.";BRUW#*"RLJ2F&N$K-A'/Z%(VW14K%$LXFL18"=I"N7&6$Z'(@ZSLXX"6D
M`PSMB(LW0T0WUIMD0V+,NJ1!:[A[CF'_`%U+:HF;\"D+*79?XD&%`#8<RDT!
M+HBN$V?-?T+?74MN+YSY!$!B7>&2CESDEKB[!9,:`?P/H'V'UUG=3&\$B"[Z
M(=`1O_%YP8,[9EN3>AYR2%P6`+)WH7X+IFS?J%\WH`JR5SSB:6AS^POJ.F%M
MQO!>%+:-1=#<,*;VVW(@ZSLXX"9-L-D3+8FQ9/?4HC;!'25R0@"0QO/#W%$J
M9Y][L>%=1_FC"L`VU!4"#$E(JA).YP)\1#YT,,S`PQK74?YH?/%D2E3*[IP!
M[X`5`G!V*&[R![A)74?YH],T$BJ`[IX1>,=3`D(77>L<,A)@4H%A*:5BL*/A
MV4O2KLS`[)#0@(+!_P"]=1_FIL[\25=EE>[3<,&LH6&NH_S4*9Y][,^--I/,
M)191LNNH_P`TL9O9I"&SVHD33D*3,[A74?YJ!!B2D50DG<HO9*,6(?1KJ/\`
M-=1_FIJ8;C+'=?X%!864DL#>!MG:IW7@B0(P+HV(??A&ZXW&P!LO.BEZ)-92
MZ(\_J"#8.H-K)$Y48H60#-F$ZR0&;)N\B`!#6`1++$MI5C[5:(%901675M5B
M.&X*'A.@F:J6*V6+,)YSP+49=5Y(5^DH_24*L_;J_I*/TE'Z2C])1^DH_24?
MI*/TE!E7BVF]M7])1^DH_24?I*/TE'Z2C])1^DH_24?I*/TE'Z2C])1^DH_2
M4?I*/TE'Z2C])1^DH_24?I*/TE'Z2@U7(""$L%P\R&'-\F26)*KL,F(@%N"#
MCMP*7A<((E=31RFI!WJ(QS_0-J22$`DGN6I()`(0EW@`"WK>'(@ZSLXX"7<A
MZN*QPT&^E&,S,:19O.L#RX>XHL3C8W@">`_+9Y4ZW-7+`$VI!5^UX.3E$\BE
M6"R:83POR;%\(,4Q+DX+JW[;,A8:TCVY@BPV>%^Q0Z2@Y?87`>&8(F^-JZZ_
M%2+I&49R(?V<!>9+*]9#:KL@Y3-D]A+NW!OYL0=HPCX>)H=`@!-Q:68<_MG^
M1,(H9*`$Y8;4O&$":WBJ)D4N;<B#K.SC@)-$0&]-P-A<6LMO3`)#-R2"ZRS=
M].'N.(^FA(0"MB<YX^NI;4&,M`@X%I@G8H@R`S#$G9A3E081AS=A)>.,1!NS
M]^1`#@)[`M:)N^6)T_I_+'R6*P"`%@BMQ?'AO4#"UUD:DF)!R3548@-8C,,T
MY41FB89.B<!?A.K9D$Q]M!5@L/'RY;4C5U_D]0=9V<<!,ETT/=20&!QX\?<<
M!^-@:)*M%KNWP32+0F*,&4D"=E+\?74MJ(E6QGW`%_2@JB(4T9!MR(,.$;$,
MI:9<.\32T2,YA(MJ!.8Y$`.41>=V`#N0XP?T_/$,S:@$!9:1'")S(#F=I5LB
M@(*%_+6KIX2>H-X%HX6Q*EV=%2=XO0T"!%S8E*9/Y/4'6=G#!`%E4ED)=+11
M*_0Z?H=/T.@54%4!($`^-;P?E5GS983J5$`HKQ2T-I(&#=VX^NI;4:,+(2+=
MB)8PEZ[[A$A;$(#D089Q[T47%I$0LC>I1LES9"'S70DUOR(`;ODH;WK!D1@C
M^GY<B%^Z\LF,NU8_*4EL,^*?O0L@B*Y!R+\"+UXS6Y"WZ0?B%TL^*GK<,$()
MSI4P@>AODRF?Y'J#K.S^#`_'R:=N*9=XDHZX\R#.U@'5N/KJ6U)F*$D9&ZR]
MYIUQ)8D(MBW(@PRVT:6#:[[+]_"I?O[G.;KVHDE:\WY$`,MX^P&;V.ILP<_T
M_>Z"BC(T6T39TJS-;@8@A9)'4U&XER:?D1\,>'*@O4E8!.$&`M*OT)`:01(?
M!.P<%?F@P,HO,0G>F;5F83>`ORH0A#%R0EA2*).:1(D2)!^-;<56SM1&%K,B
M$1/X,#\L@BP@80+0@\:L_@2,*^@G6)CCZZEM2.S,QHEVX,LS;2G(>"-[!D-!
MY$&&=N&-LXL"8;'PUI1"XD1$8>SPIF_(@!D%:1'#`(9$I@M0[_T_OH7S<A<+
MHMI8$;)VGJ^*A(PK)"QK#GX'*@8W8!XMTMNTLM6!B7T'R"]^"4<@JF.U#MEJ
MC$60EC7^K@?N0@H@("E[W")FW'UU+:K9USS;>&D5N0`R9:VEC[\J#"C+@YE&
MFA'99OR(`9!J\?`#W;+=8P?T_L&R98U'72-I*E+HMA(D(%K$EIEQX6.%XE#E
M(!78]N2')9('G04JKA'=03N)P++"0(D-IQ1=`F5-A#89FUOZ>"/(^4$QK:Z5
M_-1=+ZU)$8$O:GAU+:CD@DAV'>DK/2]Z=\1A<1N'!/R861DO0S!+TZUTK^:V
M3*4/`X*D3A(#OM#8Z7O4&XH(K.T_T@=+*K)T7-NU$%`C`L,6`'D5F7$@^`Z<
MJ!(>*()$!,PWHB7U-N)QG>#VX+:VK`S%Y)141D):#+>%0WM%K?T\!,$-DFOU
M*CAE:YNH-$%,-/V17[(K]31Z+K?ALH"!`8#@_+&Z#14#33;J_4TFS,W(*_9%
M"]E&&LX6D4H?A?V4"`$&&5D%V03.E3J8B/0V'$3V,\&3\26D!:;:VM8U0%;,
M#N,B9_FP:LJ156*9L,\F..),`*#\.WEWQDAF5%?IE?IE?IE?IE```0%@.1!(
M<5^F5^F5^F5^F4($*80?TV33+E7=4KK+\5UE^*T)W/8Q,"<\ADVH,US$"6ZT
M-3YXT'QDA=)X0X&&-AB2TRC"0#M9"W]+`3[BB_&HD*$)D;U$9.(?#Z^PMT[7
M@2.62)\JR$C0J)XO7H0J%*0)(F3KPD]@(PR6$9AQ]>IS.P@V1$,AX7F2$R*A
MB2&XQR>O7IG2A$JHNKG^L;VZP(91KO1G":Z!)G!+<6W#=OJ%VH(&@M12!@*&
M\3(,+3!I_/@)3+`H4HYMBR>#2Y6M*ANDI,R4.O#W'`?2%6)(3(%AD8N*<GKJ
M6U=*VTL"=L@23(FXPQ;;E!H#$N!`;YO=WT98.7"@OX@+\-XJ0YUS.$3+PX==
MV?UH(;&&K(:@DPVI[M)ND09$YI?A8Y(&4L).7NIQ,XI062AJ$R:G\^`DEK%7
MGJE&-`B.]$C*V&\0%+'?6_#W'`?BP+\4LQLY/74MJZ5MJ&CHB(HB:IW+<H-!
M#>D"B1`RD-@2WQRX4`7.ADW.X,P8MEM4G8H46!LIO9>'&.'7=G]:*$`0O2&)
M$$[T\8I$NF*1-UFU(K@0GC6-A%+$0DP8L;VI6JA>"*S=*K?P_E2IV"[YTU*Z
MRPR]Z4K<RH=4,#$V#4J=.'L)D%FI</<<!]H%V-X65N+]F^G)ZZEM4K)+:/+1
M[):2L`ZR>)9V.4&@E1<"STBE#(TF.7"@-EQ8RFT71>L`5>!Z$CPZ[L_K33F*
MVYE)@6QK6+JT>))10<RW5X=Y8FK;KN>-3--Z9Q=68[%]O\^`EG15V&,[X5(4
MS$ZU`(U9FR-4.KA[C@/@;UH[DL@?VM^/KJ6U,-+)NG'&4^%$QC28@R#("#9Y
M0:"XL=!20R"%S8W28GEPH(3%%`[NFC.\6I-&X#L*962PE^'7=G]88H4E"$F`
MX4H1GD?`2)W;\)`BC(L)`%A&DT)/+``>!O\`SX"5B,U4KEHP%\!%'H=J?(@]
M#A[C@/W`D>*:AVC!WY/74MJRD*A1A.I<J\+3)$0NF1<QR@T$R%A)P,=A$MSE
MPH`CF4(]D^ZBES$06+V42G?AUW9_9LWJFATI`2,&*C.))JTBYU']+`3[C@/H
MXF2-PN\I>[IBA.@`.QQ]=2VHL#+C3EAJCQJ-%JUG#H][6#E!H+$N05D+W?9-
M^7"@53,:3X)AL=*\'6(GWX==V?V"B4A;8T(]B<!F+(N09S1:MUY'L%"QN\OY
ML`VA99"9PKZI70*!)!AQ;-Z]`HM7%98$PP.Q.6B)=:`8FPTWX89.T,MTR7I*
MVXVA!9&#0X7&$`>)5ADV@F!JJ`8>6+\&$R(<+L%]JWX$/UF0D$1@<,)5#U2.
M&X:3V($L=X4.G`Z-)(%(Y*23+PPRLP1@(S#HO#PPXPE:P$223/\`9:DL69];
M5]TMK2&FT-8)92AHC^A@Z#M_B(Z#OYND;/H'0KR"L$%QNGN>]`%22N><1"\/
MZ&!5MNXEB-17Z2C])1^DH_242F45;-S3])1^DH_24?I*%/>6S613])1^DH_2
M4?I*/TE!OQ@1B6*?I*/TE'Z2C])1'3Z.(DD?VPMGN`.1M1)=K0IA`]+?8A$?
MS,#)I@RCLBUUE^:ZR_-=9?FKF(`R'>3]=P'^LY]24`EAR($""'2LBP8$BB4Y
MJ-X;&H$=$9XDB23QC`L'8JWX.3E$\BO`72(3Q($"`39C`#E#YN"":JV77$`#
M3B@0(BG02`(I?9PMB)00D%!3!NY$"!!$B%=D&HF;7X1BN.YQ<>SQ0((3O.LD
M-SAP#^$.`MALM^*!!!Z&*$%0VL[?0,!*1,YQK/AOP]QS#_KJ6U=*VT,E'5QN
M/9Y0:#/0@(.LSC?'+A0-U!R]J/OA'#KNSAU'?5O^R!ML@.5`^4\.4M@`S!8<
M3-O"?H'K`3/O9PW!X5[Q>*2?)%?Y3N$VA\4,@[^5>XX#\8UEURVV$3WB*(%$
M-YB?3CZZEM4?=N"))$DEY7H%S`G:02PU1:/;5Y`:`\6!>A9#"!=U3N;<F%`@
MA8)+[2_=,E0MR<JF,*J);;<.N[.'4=]3"V'<"_,A?LZ7G/(@?:#XD^P(+.U#
M@"J`:.;_`$#U@)B#4G;)%`)>,-*W7F@D!`GMB8KLX[$]J]QP'W)Q;EA5A-TP
MXTY/74MJ0+*RRZ="[Y5,9@+Y!&\WC'*#036"=J3,3+)V#'+A0)H4G%8+?`W\
M%2OYB^OK^1PZ[LX=1WU=B8!+DM&>V8.5`^E(P+!0)2S;P;B&HD!8WVV2Z+S:
M8V_O>KJI<"/M4(&9@27+38:`!(N&`F'=;QIQ0FYP*$YHO%VF''#W'`?6F7J:
M@"LT?8Y/74MJMZJVI&'`!;A!=PL/*#0&#8VYDR!<3!BT9Y<*"(+S)!<M@7A9
MK`\Q#!!(PD)[.'7=G#J.^K.D@]I<ACN<\J!]&;WB>4%C[G:H#$(OQ093V>?T
M#U@)9DKIB&P2,7=IJ5\VA_(PXS8>'N.`^^<D1=5R0N++B8%*TY8V)[9]^/KJ
M6U2M@M@<8T60D[J$0$`(\QWF>4&@1ES)K0P@+#<O;%YY<*#61LU[7-5\:^%3
MV^`$;#:XC'?AUW9PZCOI,,#./<X>ORH'PO`21;%B6777+3Y`C$6NN,N'@'T#
MU@)CEI$D+A8*)QZU-]%@2(&#K.QOP]QP'[%&4%\C*`XM.-.3UU+:D@!X<"LF
MSKVI9R`*`@ND61Y0:"^>`NMK0L:F>5A0&6R#`VLQ(YC6G2.8;*#$F=$:\.N[
M.'4=]2?4<5M%XCI>=SE0/MB$DSP2!'<^B>L!/N.8?]=2VHY()(=AWKJ7\UTK
M^:5(C"2/?.&R92EXE=*_FDK/2]Z#\F5D9+<'?$:6`+C72OYK6Z7QKI7\U=T]
MG`HFRC/E6NI?S72OYHW>!2$]CAE"$0>,UTK^:ZE_-21&!+VI_O8!*)-9)2,0
M0XM=-J"^`8:DUTVHNHC*M18(L&[0:Z`&CVNKK+\5(+@R<`V,4Y>I`$3",<?U
M*MR<EF^OU*AX38+<'98W0:_4J:BZZ;93\L;@'`"`5D:_4JBEO;4?J5`!!8,'
M!25KE115'AK;7ZE4]?<PC@3!#9)K]2KO3Z-E`LAIAA]`P266).F&HK]I1^TH
M_:4?M*!C8K#BIK^TH_:4?M*/VE!QA2M]<*_M*/VE'[2C]I1^TH>A2PQD17]I
M1^TH_:4?M*!VB^\Y3:OVE'[2C]I1^TH73*J[I#[:_:4?M*/VE'[2C]I0`;2!
M1,0&I-/[^!892$X5HM[A7P2$9^[CK2-(,@$###C7Z[@M5MD!K1CA\):M\&<1
MZT39+&$;EA.-D5^I4>JY8M2V99)Q1FX6XH$$:0%2Y902`+NO`$5@NM'CQ(,(
MZG$@0,D@A&!HB'V^J8"1`J%MWQBB#K>8UI1@1+$M7`\5^]2$0.;N2]>XYA_U
MU+:NE;?JX/`2`+V(E7&,,,KDM0$&D6R6Y!)<P]U)0;!"1`M='W37N.`_DB[H
M)6A.O)ZZEM72MM:7YD$MFY]6!X"0`T+F(R%!91#V*B,(S9"+RE8LH("F3,)M
ME2!GL5[C@/K!*-@D(8%&48WH(89L`QQ]=2VJ>NO8`EO.*GRZ(L5#()S>?&/J
M@-0FDIF5RXH`2`0&`(2I=TB+V"?S"HY1"$H@$$87MB,T0@H>2!>"1LQ7N.`^
MRKDK<.3D#:=8[QQ]=2VJ+_P91(U9JQ6;RLD6`G<T?JP,F!T"-&DN&Z>T:TQ2
M0C@G9>%CPHF"<ZU[C@/@NM18DB[I(G/A22!`A@A<UUX^NI;4E/9H`S2,!(2R
MD"$WK];?509-URI,9,U'[1(N5WC!FA=\^'N.`^MKR1Y.&&O)ZZEM6H1[@221
MT:=\9U4!*"6,M_JP,F#;;3+Z-;#8W:FTHW2/-;Q;A[CF'_74MJZ5M^K`TS;N
M?$^A,0I.$B%S,)S23PR$8#(W%7)66)FK"_Q8TC-I-N#Y;A^ZT5G.1`!8H3+;
MAIC!/O4;+IC,""LGF:3I@GA?N6A;DH%B^WU7Q8GDF.W+;;YJ\ZYY;;?%B.29
M[_0__]H`"`$"`P$_(?\`A5@_X'^/XACZQ>"O!7@KP5X*\%>"O!7@_P#R!?/C
M^(8>;-Y=/J-\^7Y\WY\OLO\`J_\`3_@?T_B&'FS>73Z9%4]ZGO4]ZGO4]ZGO
M4]ZGO4]ZGO4]ZGO4]ZGO4]ZGO4]ZGO4]ZGO2K];RJ52J52J52J5145%145%1
M45%145%1]#KJ>]3WJ>]3WI7Y%>I5*I5+@RJ52J[4JE3652K&I5+@RJ52I7_[
MR_V7T_P4NW*->"O!2[5X*\%>"O!7@KP5X*\%.^*\%>"O!7@KP5X*\%>"O!7@
MKP5X*\%>"O!7@KP5X*\%>"O!7@KP5X*(=/[]?X1C_O\`_P"*BHJ*BLWDS*BH
MJ*BA]3RU*I5*I<TJE4JE4O\`[=T?\#_'*G+',G+'TRX/XAAYLWET^FW@KP5X
M*\%>"O!7@KP5X*\%>"O!7@KP5X*>RO!7@KP5X*7_`)N^O^!_C^(8>;-Y=.7/
MZ.Y*\5>*O%7BI#>O%7BKQ5XJ`WKQ5XJ\5>*O%0%S7BKQ5XJ\501FO%7BKQ5X
MJ!O7BKQ5XJ\5>+Z"O_(?SJ?^!DY4Y0^KVB]>:O-7FKS5XE>:O-7FKS5:+?0_
M_]H`"`$#`P$_(?\`A6__``8!ROU=%145%1P145%14?\`/(`_X,`Y7FPY=?IB
M/ZH```'_`%>`'_!@'*\V'+K],05"H5"H5"H5"H5"H5"H5"H5"H5"H5"H5'UM
M)4E25)4E25)4E3]0(5"H5"C'(XJ"H*@J*:145!12*BBD5!P14%-(*@J"C'_=
M(`?PX?3XH.:*B@J*BHJ*BHJ*BA:HJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BG
MZ0?^_P``'+AR8?6"*@J"H*@YH*@J"H*C_P"W`_X7`^HCE.5YL.77Z8BHJ*BH
MX(J*BHX(J*BHJ."*BHJ*#_FX`?\`!@'*\V'+K_&/H2:FIJ:*FIJ:GA-34U-3
M14U-34\)J:FIIJ:FIJ:FC_F,$/\`@P^N7FKU>KU>B:O5ZO5ZO/T/_]H`#`,!
M``(1`Q$``!"222222220`"2`2`"2222222222222222222222222""`2202"
M2222222222222222222222220``"02`02222222222222222222222222`0`
M`"0""222222222222222222222222-B0`"2`022222222222222222222222
M21B"``22""222222222222222222222222,00"02"0222222222222222222
M2222221@2`"202"222222222222222222222222,3R242"R2222222222222
M222222222221R-MN-MN2222222222222222222222222,222222222222222
M22222222222222221R"22"02""02222222222222222222222,20""2"022"
M`222222222222222222221@"`"222"2002"2222222222222222222,00"22
M202"""222222222222222222220."`0222"200""2222222222222222222,
M20`22"02""""22222222222222222221B"`"202"00022222222222222222
M2222,"0``2""0""0022222222222222222221B021B2."2,21P2222222222
M222222222.2MMYMO-MO-MJ22222222222222222221R22222222222222222
M22222222222222.20222222222222222222222222222221@```2``"0"0``
M2222222222222222222,20"22"022""2222222222222"2222221@2`2222"
M200`2222222222222"222222,"0`220022"""2222222222220"222220,2`
M2202"200"2222222222202"222222,`0`220022""2222222222222222222
M21@2`220""2002222222222220"`222222,200(2!"0!"`(22222222222`0
M"222221@821R2.22.21R222222222222"222222.3-M]MOMMOMMB22222222
M222202222221R2222222#;;;:VVVVVVR2220"2222222.222=MO"!;;3)3:9
M3*);"222"`2222221R202220022``2`0"`""22220"022```".22`22""""0
M`"`"`2"`2222220220222!R2022200`2"````"02`22220""222220,``"22
M"""200"00"0"022222``222222!B20`2000`2"0""`2`2"2222020222`20,
M20""2"""20``0"`2"`"2222"2222022!@2`2200022``2"0"`2`222222022
M2"20,202&02"`R0022"22"02"22222222022?.21O-MMMYMMMMMMMMMMMOR2
M2"2222"20,`0"62222P22222222222.22"02220"2!B"`020`002""222222
M223P222`222220,20`222"`200222222220222"0222222!@`0"22`0`2`"2
M222222220222`222220.22`222"`"0`222222222"2220220220!R20020`0
M22""22222222`222"0222222.22""2"""20`222222222`2222"222221R20
M""0200"2"22222222`222"`222222.222`VUR!VTR222222220222"0"2222
M21B221;;"2#;;222222222``22""222222,20`20"022222"222222222202
M2222221B2`"202"200`2222222222202"222222,"0"22"022"`222222222
M22200"222220,2`"202"200`222222222222``222222,`0"22"02"""2222
M22222222222222221B"`"202"200022222222222222222222,20"22202""
M`2222222222222"2222221B&20B2&2"$20R222222222222`222222.1R2.2
M1R21R2.2222222222222"222221R-MN-MQMMQMLR2222222222220222222,
M`"222222222222222222222222222221R22`"022"022202"222222222222
M2222,00"22`02""`22"22"222222222222221B``0222"000"20220"22222
M222222222,"0"22002"""22`22"222222222222220,"`"22""200220220"
M22222222222222,`0`22`02"""22"22"222222222222221@"`"22""200`2
M0"22222222222222222,20"22""0""002""2""22222222222221B62!R2."
M2,21P2."2,22222222222222.0-MEMLMMLMMEMLMMNR22222222222221P`"
M22222222222222222222222222222,22`"20`22222222222222222222222
M21B``2202"222222222222222222222222,"0`22`0222222222222222222
M2222221B2`"22""2222222222222222222222225R0"22002222222222222
M222222222222"```20""222222222222222222222222000"22`022222222
M22222222222222222`"`2202"2222222222222222222222220!"`(2!`222
M222222222222222222222220``@`222222222222222223__V@`(`0$#`3\0
M_I%:EAD,2D)6`8Y"222L2?ZG!8BK*&@H"`#:2KML$4A`(C%*"N0J)K]7H0,F
MD(5C&<3P-91HR@FU$,0:H"0E>&OU>GZO12@2A>2)(1T^J9!Q='%:P@[M'0.+
M2(W$3C!U?:D^@GHHS=>K)&@E+C+Z7O\`K!1=EFI8/"4A`G<#*2*F4/D*$2X3
ML)>-!0,<$2`D1->$'5]J/+=,P2+>,V#&B@96$BFT7O3#KFI5YV$"4$%)!+3!
M@X=+W\"B((@!&"#"Z!^K+LFH>:PDZ2U<I9#<!,$(68<[+V-A(AX08`@X0=7V
MHP8FH2"$QF]>6I>1*P=G\P1`B1>@1JJ%J9&NK?R.'2]_`HQ1M!$`,BV,K1E]
M47"8P14G"52;8HDT``)+@)@+@EC=H(T33Y8BUU`O.E':$,F4WZ1#(D\8.K[4
M*?FD):(QDDF0276I5]IC0,`9V$T+TB2U$IAC:F//+PZ7OX%%R,!YTD$%`LW=
M0'U5=5R/A)I"I4]``$MJ)*8[GF^(NUN\8.K[489^+A5DG!,AL)35LV`CI1%&
M4DV`+[M54J&7["6[\.E[ZWQ"8(@$-R03J4\>&BW]LF]$6.A]575<G;3:+>A?
M*'!3&01!@P@+)%):1"(B[GC!U?:@'D(!O@\J[@%-"9-1"&"09"CHV($Y=QV"
M&.'2]_U@HNJY0LCCGADD$H``$!8#`<8.K[4QL$8";`2+)=RR>27TO?\`5RBZ
MK)"[8D$NL6A!$KH_)0>T@<B22?$O71^2B03LP*ND2&F!>*!C%?0!G0PLL<#;
M<"+PFA9FVK>E8O\`:AQ@@&`G`MI+="0E&T$8@0`TA19!PJHQA6W&G`V(`8Y4
M%.6!?ZJJL6I`R"#MAORU*E2H$3%U-V5?=RU*E2HY<F"1F.V._P!5JWW\W*BH
M,@C7[E^*_<OQ7[E^*QB^N3BQTGZ[5?F"F(Y43W7A34PJ"1&`MROU&10".L8*
M:V]BOU+\U&/Y)8005@4\309'#(,;EKD^2A)@%B0H%SA</YHR'T^4%%K+PX#V
M)LXE$FDC0V%$,9A,3Q__`.,IL.G98<.''_``(`@B66_'_P#]9<95!7`)OX$F
MO/U#7A0C?D__`/\`E$0J@`%(E9*^/TFKD,GJ3@>*S`A"'SK)8H$4B^K\BV#'
M&#J^U$B$`%!%JP,1"VH&S')$N)QE]+W\Y1=_/2Z'!0B%N!!)LGD'&SJ-DN`B
MB8D%-]WTS75R88=E@4,,L0M&8I"`?C!!,-];-)>,'5]J/=NPN[B_L#/)+Z7O
MHC2^1PO5ES!&:9+;6M1,2;?$EG*7?RS:0/I$2G)&0SRAQN!5K(!X3-'GA$7&
ME74V8UW*#1'TK75R89,I[QFW(A%YR5FFJL$R&`,R(3C!U?:A_+B""!SKI%RX
MFA$DN.'C+Z7OH'O*,VZS6$@M0)'<80BPFRMO/"3D7?Q)8(-KA(98H#,X<H<;
M9^1PM$DMS0(N2`JZ&Y"I1/.,S($%3A&0(PZ$S72VT?2-8_LJ89V,>11SQ4DP
M`)D5NMVI.[QN12EN9EQ2GPIR4U0W@0/FGC!U?:B<LM!"K%`#4AK0#EQ@*82@
MG9XR^E[ZL]";%]@&[<9[M#=DI`7)R`9.H7D7?W!*I3-D@9$88]'(.-L0V'6J
M&X-9>"CW7#`PC%@\*6VR-)R#W8K/R#(($?2M=7([NQ!CMDN*?9-J7H(F_?M(
M%17Q1Q@ZOM0F4&,`@+24&"&[C+Z7OH.VA0K&AVX"FC-;'DZ1OY<J21:_(N_Y
ML[DDF8`!"6[1RCC:TABB2,7>2AKS-./V@2<O@XBS2D$4(^X-?"=NWTK75R%4
M!S4W'W__`&IGO'##(;.Z6Q;G&#J^U#'-`*D9$&*7\;*+*6`J!-QXR^E[^!26
M7&`R/#@&_BY5W^^PPY(;)U!A9>_E'&[TD'LP86+B0QE2I&:E8M`&1@G;Z5KJ
MY#QQPX%S&`D0-KT<U40"+`M^8<8%!RZH0$@3:A+SBSE<LZZ^TKM02``@BMI0
M$A"M8P)>'2]]!VK0T0D1H,*0&7%P%&A]G&`M(/!`.H#P)HF3$\"BB`ED9AH#
MCN0`R$L2G!*)<B!4;`%!,""9Q",1@FK18-AM2?\`K@40@9%!,)](ZI(B!EZ/
M_598*/.C)*,2`!YO(MJ#<]@HD#@%L<*;:G(J"PT5DK-Z*`^X"`^==+_BI+4$
M3A%VH(D)`434MP02&XUTO^*"`1!9?(KI?\41",&"_8X&AH@6!YE=+_BFHAJJ
MJ]JM$SRR'N'!7AHA'Q&NE_Q6+HX699].U=+_`(H``"`L`?2JJZ1\A((%ET=N
M6K5JU1P&D1RDKX^6K5JU7\4J3I(8\/-5JU:M4;7"L!`!M.6K5JU9W*::B`QP
M<7^<JB))<?YZL!\A/BN*(DDY,&#`UZISPA*'!$PZ_3@H4#(##GGR%7^L2<Z:
MIXE<CL?RU6%T!/!DB+$QR%"A1!+,5JK`!>H+M2TX6%\Q+B.'07)N&P`5<#P6
MR$_-T2@PW3`")-B7?B.'&/,Y@,9P7@\-EE@X+J""'$<.-2I)&)!1M$3;@4(:
M*\#$M(3IR#APZU%0"PF`)6`_LE5[;(X(T30C3F:A=4TFEL@8&(<?SU<I]\ID
M%&P%NAR.#J^U`EN>`F80P`+B4F"4+'L"&3"-_OQE]+W\Y1=_4S!`(B1DA)/*
M.-B4#%F&B-Q*2;6W/[>N=*!%,A9CM3D_(!<@"+BA;KU>1$K`4@HV(E`O\^KE
MG.\#*9%`(ECEL42+JRUH+QED(.SC!U?:@M"1P2B+Z(B-X<DOI>^@8E%L"K8`
ME:AFQKP+(FS!1DP2\J[_`"%,`6/`H24H@L+<HXVTH3-,+"06J(T<R#;*.9`(
MMHP/[>O"=$?Q%Q3D-J,=(>M1,6B*'\]7+OWG8N@LQ*Q!91+X<`<8TUB`Q'&#
MJ^U!A9`R'OV:]P.27TO?7@VLV%<%)X)5])K0Q$IZW&$")RKOXGL\O?MI9$-X
MKD\@XV#%2G%&MPA!)V6#3IRA)P8KF`A5ZA']K7#6&),'F"*-[BY0&[6::_RJ
M8]69;=';"-H$'D4#@C*A$M*S:"[0+SL`NSR"!DV7>,'5]J-))9R(1$0I$@;?
M&7TO?1&1D2I``B9N104/Y9W*E1!<B&$\J[^5#6"1LX\HG>D<@XW"<(-2R,(0
M@MB$$-Y9T,-M%V)8N!/]AK5@#`22@0-R"R@"M9*4%,:;\0-VL8O;@FR`\@6Y
M.%I0.Q0&4MM08L%JF;R_SU<D;$7"/)AF&KX1I4U<0MW9<6W#Q@ZOM1&BVX))
MB)60(UT67&,3#N"-Q).,OI>^A9"@:D-`778JX)2`FAHBN@8.KR+OX1D0V(3B
M"&6Y@SR#C<Q]LBF33["R^Y0>(5&2!V62,>Z9M']?7'XD*!3VF2X`P@K3`R]6
M[2;`F04I!$21LCB*$4'`*(3R;$3,JDZLWR`D)#H)A_/5RD);!,(9@!@;0*E1
MS9T$*RS7]8$\8.K[4#>U:HX&D$RZ9FC_`)``!``6`.,OI>^KB`820DDAPT7*
MV1'1%A=BW*N_ON]>#,NW%*CWY1QM&!NI,HU38$;:_P!G69;J2MTAP%.JAP<%
M9)#@FX)[<&TAB4)0ZS&TNV*=O0:Q1)0Y!,6&C^>KD]P$1+RIDU6_)`<4R3%U
M$++**_<OQ7[E^*F;NL`MB-C@$02I`96=1/1,`02,C7[E^*_<OQ4+!_$RL9)#
M@?L*8#@QCNO&OW+\5WGP5_%32?Q=H5CSA.%I&/"R3QHA>U?N7XK]R_%?N7XI
M<QD2!!1&X_UF6F$N91\%"D9$PGG$,4+R?;@6>(TA8E)&@0:48ML=1D+'5(5)
MW_FJVE@&"&3"`##P`N@DI]GC&(F.`!65F_NM24"`''IF[Z0PY9PD*2NC#(\D
M4T^,LE6AG,XC7@$`G9P9")RK:JCDPYEL-"!M!+#5_GJO"X"_!BPO+RY<N0&`
MUY5RY<N2B+(8>9<N7+ER```"P'*N7+ER4;D)9(P"8EC^PRO-_LF0`31:3?2-
MIR$.Z8E&382X"1IC4A3,1P:FG%(PIM!>(B8_O*J!`!*M@"NL_P`UUG^:ZS_-
M=9_FNL_S76?YKK/\UUG^:'!$&XGS5T5^:Z*_-=%?FNBOS717YKHK\UT5^:Z*
M_-=%?FNBOS717YKHK\T(DEQP_P`.SZ!W8RH9NL*2$(Z@4A#$^ZF888=%N34G
M,-U2)9"(D!IIX#16Z5HYOF_].J\[G>@"B)MPSP'%Z^\V0$R+;4H)PRD1!@S(
M]N'*VSY2P):((-0J9(;+-3Q(DH4V(Q:0K>J_-U/BZ0X;JKL+`<2FRI:M2<H;
M$)O`\-3=J)VP3)9P,WKK/\5"R"O!R&`-O0=^@FQ8V8;1<F"]'GP0":%#$=A:
M2Z#$)"@0O!0H`#P+"2LK0"@I!@%)N34&*K?D@2B9"K!!*V104[BA(*-)*X`#
M)9)#O-3-SO2"B)ORS1,H$_8KE7":$X83A08`3+-[:Q"JLNEI0;!C"K4"FRI5
M.!5Z.61P!N.$I&DMX+TA9P\D!#@S(TM.4!M`,)BR_#6>)$E"FQ&+2%1/C*>*
M:-81W_@@:!D,K,J\2]IH@64B4M%(C%RE$H@!56`#=JS/Y,N+0"0\Q`754T</
M,0@F+FW]*KU?;E2^E[Z0<,@%(@P(28U/XC8[^NC";'0`A9H;5)H]9]S@TZ?M
MY#[J8Q-U2AE84X.D.M=7VY5N4.($K($HVEXRS;3W!.08D.^I!A=P])]W^`E?
MG#8'M`1`JEPFD7T4@T1B:"R:T6TENA(2AE@`H8<1@Q991:B`&G,J,2$+`#/*
MF)01V**H.7?G-FS9LV;$D1,P0*8;J>>KU?:@'8(!*&5=P5#>Z+!R(.`L](OP
ME]+WU("FD#;C%PWE]$\AL<,D)#`;UK@L2;A4/)EF;!,QLZ\G]=:M2DC!T(C-
M^",Q!."H$BU881*^P19BFEL2%T!"996*86"D8%+#`NPC'?@?38%M0!#*@\V*
M>H^N=(+Q4YC95=U?:@OJ3;`<E/<>%1'^"UO739`(+&K5RT,+RF^HT;<!SQBT
MP&A9LNKH&]&]``8`CX&PCX^I:N8.0"+!(X>D^[_`!^JG=6;HI+J:32U(!I(!
M\,#;3GA9,%$C<(E4]P"HHR)ILMR)[,O+-M0`)@2CQYM>O7KUJ;=;A5#B1C^`
MW5ZOM101P)`2R\JX!:Z0JM.!R,^-`)=M:>$OI>^ED0&!$RQ$*1$"+)8Y#8Z]
M<I%0916R!FFT+EP:*S*KMV.TJ3R?UP!8,;1FHV,04LYH75A]V@\D44NL2.#1
ME0`B!9LB_P!PW9*DKD":LLN6)77U<#\C=+V!2*418:%/S=(N`)%D8!5U.K[4
M6..$,)(B3<&29+U*Z>T"J(5G$:`4V],6:V%84H;3P'!"*IA#EN#J4#@R'&6;
M9,D_OTM-=0-K5Z3[O\!Q=,G5MH2&972F'DDQ$"F;(SM?@&3R2N+E9#&YPI>K
MB/8RB4!(7<D0_E@-FZK#0DD&B@G(T:-`E(+<'$S8KJ^U(C)=*2>9)6E.I<I8
M%D.H/LQ0<YBP>,OI>^G\B4XSI"T%E.5&QT%Q29P1``)0WC513`E\$59%Y,!!
M')_7*E8#)C!N%P@WRI8&#DQK"0*%X$2)$*:0VE-Z2&%+,AB6]3OB9'D-YXQ,
M-JC^H!S@2$K1*&?T#*(T)!]8VZNK[4+X%$84!,W`"Y0HJQL`1$H`&<B*J0(,
ML2S(`!W18-N`Z:PNP654,NA8(U<99M/F@9H`*I4659#/AZ3[O\#N.$"QA4NF
M%$T:1?)JDE#;J5=M7Y3,(21)WI=*V*(C`$D&025$G6*4HU,`[B`3^:`V;JS3
MCF40$DAF5CDP8,#-HL6I2`69LFNK[4<NI(D@IE!B.<1A(*F;YV]A9RQMQE]+
MWT[RY+A`/?F3-H,N0V.,$8+84`)KB*31:@=WSB^?OKD?UT(]=^)2NPRX9+E)
M#O87,$PBMDF;G!H2OAY4+M(,84E7H8DU!*<H<A<'>(H_*,4$"J=%8+CQI!DO
M%`.[N3<E,YKJ^U!/&][*^(R*5)JT+$L*$Q*0+R%P;[)L24P$6M$7)!8H<[TC
M(_*;N&\ER8.,LW)3*448`"(UP$'!Z3[O\%H#@D4%A&E\T4Q'J"*=Z\^;'`Z<
MR[W8N6EAI;9`2&)`LTKA&$3G@#\0;W(>3.F1.FP%T8&[G-FZN4PX\83B?:&Y
M)F.2#J^U(420"`%AC#-&1E65S9%P9I+RL<9?2]])!/\`E%<!L*"4F"1Y#8Y$
M?V@-BTDB=&C%,`<8`A0"\G]=&[Y.LP@Q8$1@R%Y@(^32QP66<\&ECKL]"2D(
M\:("%\:>9(#!,FZ\#X*&K`!%5P%,Q@F@C`TBHDHM")ZOM1\CR"E`@[LTA42Q
MQX-H&RA"$`4:B1``JZ!`2L<!P*"1`<05J#S`*ESD!D6+[P-LKA0%O9`W?817
MI/N_P*M62L!!9D+ZBU&CE!^I7@;%W@7@71HY5?P@-Q%$C42@0F;@LWOSP6A,
MH6@H%8R<33CG&>B"2J(P18AYS9NKE)`SL@\""QA<`J=8Z9"1"<AA$<8.K[<J
M7TO?2L'6]B&,@SK_`!&QW]<8'(!.'A@(*Q>]/6?<X-.G[>)]E1VH0`"D;)%&
MUQ/)``WD28TKJ^W\"W*'2S8R&@0%C.P#I2%S7I/N_P`"G@&B!B5F()B0NT>[
MD'0#9%@2EWX(^.`C0KF1S-SK1NM90!,$:YF_/`'$:20!8%@#+3O#?@:52@!,
M!!><V;JY)*IK@@@(4Q4<(P&?H%J!5@$6$HD3A!:NOCA`JR1AP7+S,6"XP.U'
MJ%ATY"X@MP&24'BPAH-12A%`.P."Z6FG63!*J'`B8VJ=*B87E1UR.!+D%AN<
M%PS)><*2@W/MP25?:I2B$>#2\BULP9V!8&*BI_7-%B1[J\*&:&Y17!)V:`#8
M"$`@.!=KWX4K-(54:R0/\"61"6]N"Z]=?'"A%L!*EZ+%96#!L/CP76.E24C"
M),HJZK<F21QOYIP7'J%ATY"X@M3#CA5*CDN3Q%RX-P46B=PKW?X!'=A,U1*3
M(+'(UFIR*T+A/9F`VM=P,>)^1A!#$:J"[[2H%WHW&]\8GF@C<4.W`)&J$$+Q
M:@,Z%!,;PB(,X;'(;4F<8*I8PP2KWI:!Q00R&MWG+3+$0"0!4`ERP!3TT#?#
M8F6B;Y:;)>WLC5S)EB+F&.`+XB"1C;9Y<:E2.(1L745[O/\`#4J5*E2I4J#(
MUL2A886_9_LU*E2I4J5*E2I4J5*E2I4J5*E2I4J8Z%EPCK3AYE5O"42,#O!+
M!$M3$CTPCP"Z;&5BD$1PVM9^Y07P0L#Q`4@[%"7!"8BV7)A))!MSP,;I[FME
M.OW3%0J:&M=F`8P#('.-FZN0;)CR0IE#!!">^D5$I@R+2@1$,"=.,&8Z),&T
M(G*OU>@Q`0L;\PLM-3<..W\@DW>`]B;.)1)H\[M*(6$Z)K]7H^7%T,R84*WS
MP13-8!%-^0Q@I>`K!#L,H8:_5Z:4`#\(`C*(VX&D_+`0!*N:\-<7(MO!`*)N
M?V:MG)"0)0!),P1,30.^$FAB+`X(&W`HPO=0$?<@1J%.I(^@$;H3<CG@7YAY
M`I![BM%*S4X0RQRW!CJPA=SFS=7)))>2TI$F[E";*FDO3$P#&A+6%YX0=7VX
M+U?T4!"A4BQQE]+WT]-"2#"E2[)=MEIH1$I292:,,+RFQQ`!!``D;'-+PC$.
M/]=-`:FYZ@YY9)94037K/N?T@QB>J&@@&`-*6L!F%$EQOF-SA+7:+`2[)0#&
M8.2>?7F]UAP%.JG&CL.%0E*\PMGA:B8A-IDAAN=U#1H0/.B[++HP(_G@-FZN
M2MH08$,A@6*N4S:.,'5]J%3TGO""I?<,:4E-9I=AK$,&F23C+Z7OHAH,'XF(
M&;*ME]*)H`JB2:+I]L<AL<TRW>L+7<,`C/WJ,R0%*+/0F`KS##R?UPD%5"60
M6=PHS0:]9]S^E#X9*"77:,?@`>F0")A.;^T_2%D)"O0F0D4#H8$)?+0$A]Y3
M(KEY$+H%I:%RC4]O4@][-=/YH#9NJEFZ)#V*707.1@P8"[^)H8D"=<K75]J2
M2B-I0$-J8A:$:"!)Z00DA2))KQE]+WT!R!)$PH"QMA@YI-)G)WL,#8(Y#8Z]
M"4_560NPMO(+MP%+`&!=NSMC%')_7+>6$8G`(1E7O#:O6?<_I888M%"X(3=J
MHQP05F`DU<UEE0@4V%:N)EP!+"44*$J@51+JL0<DFQ)4,@U@W#K!K0B27'A`
MPG`F(8H++17K7J1#(7)T_IP&S=7J^U'9,(7/*110-9WBCT*IU?##D(W8\G"7
MTO?2G)("T)0'.%$58\I#(`S91MR&QR@JR!#"9;X<Q;*D14Q@&22;ANY/)_7#
MZ4`P#,NX%A-"F)]9]S^E->@O"BJ,EBRMAF@>*1X1O%S??,T3T93`M+6!7"80
MR\O]-D0',`TO&CAQ5O<Z\P./Q>+P!5'1E$**W-#F@-MB!!R#"!!R@\@4"&RM
M>P8>8($"!`C,";;&R9*@3FC#B`K\%Q$A.>KU?:CA^(4`<PT*1I"@S4D;%6"0
MFA)XQ'&7TO?0*"B\L$9(20`(115YDDR`WK<8TP6.0V.2U3(PK,=58"(0&TRT
M/)`0VIV&H<G]<A'Q20"H*XX"85ZS[G](A))8/)T2#)(8&$:;K"&Z[L((Q+EB
MBOEY9=$P4P6N:<O]]\HRD+(@F.Q0I-LO<`MWB-)7*EZ*$B3*,RKZ.+)0":B^
M4!.#^G5ZOMP+L!S@T80;0W"_&7TO?34A)JQ($@F4N$RB4J$J2J87+NF\2CE-
MC@L0*8S<0U:R)-UW)_7&S\C,@!,PA9&P%_6?<_I6JNHL-HS.8)PH4X,)$[G=
M.@3-Y@)2E-6[/8LB6C+R_P`$=)INO#HA!G0-)9"/%XL=)=IX`3SZ@B%D[2U+
M)/!V1C025.R+_2JJ#EU0@)`FW`HQ)"22<30$A"M8P)>'2]]!VK0T0D1HH@)9
M&8:)1+D0(A9$X(X[D$,!#$C0A!,`,J\!0`.H#P8IFQ,<&A]G&0O`%*0AA8,0
M2TEUH-`0`DO]**\T(@+P%S=%Z!<`#!P"VV@%2M<NX9F)EVY?][6([!%+B"4`
M+#$46OT2B3=A-3]YX2V9[WA8$IR"TN6!;&NJ4H"&Y?Z54T/,@@.]ZZ7_`!1V
MH.)`3C)3MB$`(F$:Z*_-=%?G@8_$-2JMZ8H"2V``'8.&B9Y9!W2FHAB"B=K@
M852HAED\JZ*_--4#+A;LTP4LPD(FEC:A0@I<24?M_9-_RL-(1+#F$F4`L5,R
M0N"$0]QV3"#AD#OKC*1E(B#"TX.L4,7U(`@@;?S52D3B-8P,F@.2RRQT;]*C
MJ6#R2;\65V"E?%2NL_Q76?XKK/\`%=9_BC["`(`+`!R(`%$(W$:ZS_%=9_BN
ML_Q76?XIRG2!1,(A_33@1MZZA5=WB;-E$&TSML!*)Y(M^IRYQC)1@%TH."7H
M)$F$A%)BSCA`]_0.)-@/<FC$1$0JLXO!O-_Z=7*!/$*VDI-8E6\`R",Q/=PE
MN@53:)591D8OP0Q0!9$=RD1$J54GO7C+EN\/H[.)!*UX1MFCY8GD2/8XRY<%
M<LWC`(TC)P++]M1(!"4H<<DN7+68C1PJ"I<K_6;&"4)32'"SQ5,@[$(\$0M)
M;[\+HRD&!2"[=+-Y<P08,%R22;FPL+_SU<KUU!WI#8,@09!IAI:+J&P!%"RW
M&#J^U"%-FA7ITZ`8-8Y)?2]_`I<0Y8@I%[>P]W*N_LSRO,H"&@FP,-PY1QL%
M4<H>(N#O@U@H@T$8<FY83<FRD/\`8ULEN'&E23`W)!:U`S401F2C$*728IQO
MVH[`7=Z(%9(8NVH9,_E3=^\H$P6G^:KD(6+`6M<0!J":V](OBAB`&8M86Y[G
M&#J^U!15E1&%DYY,8[Z0\9?2]_`H2L@J[`=AD*T-^1=_N:0PMF)1G(0*U^4<
M;*F:K`)"%PN%$L!I2&Q`D,+@,R4L?V-9@VW`!4@2(N;TNI&:>J3-A:^**,Z0
MOB00EJ"TP7-#LN8$V`47`1NW<IHZB($3,_R*X\H6>&S1)Q(&0(D8O$NE`7#;
MA&03Q7,F&G)44Z,,`Q)TFQI!P@ZOM1:::(A-6+`':!()Y)?2]],O$M)$M@FD
M,N0(LB`DP8RW*+OZFXQ!*4%?:S&X0<@XVB*86-+H!@)8`NM1%7+$F7#^0?[&
ML295=RS'A&R6BI\CHWZY/[$DS6D+G@%I[34+1R9XEU/=/M4LE)^*V;5]=_YZ
MN031%J,01(X+K(`HRTQ@J8!W"T38PQP@ZOM0#AL@)DP&QA)MHY$OI>^K0$\;
MB31\EEM4XW`F,AYRW.5=_).@BDJ2GAAAD`GD'&TXRP`S8&V6QO5!]/*[(HRI
M`G8Q_8UWD@RK*82IHC27&`9=3<C.O8VMP`BPY+A<YS%B'%#NM,&6]C(;ZO\`
M/5R[V-#B5K=I=BAU"499@O,X`XP=7VH2Z;)`R@,3D$D4(DEQP\9?2]]2@XM$
M3""0Y&:AK)-6][O-N)SRKOY!SD48O:$X,%G;D'&U>-D,DW01O(\:(`INT<!>
M$HEW]O7.Q<54BRAU.C)%!H)N`2*@W)LZ_P!.KE!U?:CG\<6"2708W)8MKMRC
M((,0?;C+Z7OI%1(FU"`!7[+5;+LJ`BL9A+4:D\J[^(F';7H2`EON8CE'&WLZ
M&`!E\W%[&@)M6R-86'W_`+6N=*!%,A9CM3D_(!<@"+BA;KU>1$K`4@HV(E`O
M\VJIP7>;(VI$%$X8%@4`FH0%2,C-EX80%JMRU$%U09BHPG3T96%^)<!QR&90
M8:+#A\JE1[<4@@B-Q[<!.P/$J`7IRB27`0,+24\>D55"4(P@)OP'"E*<D%5X
M7C@/_MZRJ$&03@..+P(@I`$DW)I+,3!8@%EP06,PCV+&!!P'#F[P58FUF)FU
M])H=..+E)_E("2*?V2MQXN$817T%<5/R9T2ZQ-(&1=_5JL.F;OI;#EG#IY9R
MP$)C4$(V-.ZUE!$21KB;?T*KER8+&([8;\M2I4J!$Q=3=E7W<M2I4J-C*G"H
MOL>:I4J5*B01HL"!+L.6I4J5%'5@,D@+ES/]MUF$FHDAN6"99IKUIU(AD+$:
M_P`U5.!"WK(%$V>0V;-GA$688$0#Z[5`N[5'R>`U2;'(;-FW$5%+N,'19*T=
M("C&T1GN<1X\RM7O1P`2^YP'L39Q*)-)&AL*(8S"8GC_`/\`'5T/3LJL,^&/
M^``0!!$LM^/_`/ZRXRJ"N`3?P)->?J&O"A&_)_\`_P#*(A5``*1*R5\>$UY(
M>902L38\?_\`GRCG29;!,1&7A<F4[3Z947?)Q_\`^_LS%/DE%K+P^@5<CRD!
M070)L);-N,'5]N5+Z7OX%"4#$81)!B!`;A)RKOZ$1`4D$"397R#)KDY1QMZ"
M(HL<MTQ4K5]&PPV;CV>76ZQ0,E$P1I+B&_+_`)38Q$1D8*(202D"7T%+JY(`
M1D98U`M6`Y(IAO6`6B2Y($F2`H1D@!)%7W&$X0=7VIH9\PH<8AU<0N"T2,DR
MVI+>P\#'&7TO?6@R3&X""2X7830#AW!'<1;+F5F2\JN_D3(U@PYB=L^.">4.
M-Q8)1I,R0\9AJ"]2CW:3!/P"5'GGEUNHE@&8B#DC:89.5_E.JR+\G"+6)7EW
MJ8(I!8"`,,(_0)=7+//Z+!9<M+LS%`)0A6-1$0BXD0)A)-*.4^_=P@ZOM2::
MU&R!D<C`.RQR2^E[Z/>23)&++X0G:B)`"`@`C=W<SRKOXV)@L50I)=]$;\HX
MV59>Q`P#($R8(BE$DUSEDLW6[?V<NMTA6>>L!%L+]D.>3_*7]#,8$LQ*U)9"
M'#KX52J5+,8&,'^]+$P[$1MRVKWI1>@"7NY:=EG?'4,L2TH3,*O%GPHS0AO$
MA9O"#J^U!9$38!B(#F)W9Y)?2]],4L`ZN`H:D!9@SDXW)(`M+R+OZ(=Z!`F$
M%+,)N.4<;:)2(;8%U#?"YHXI7()"Q*D&0D0CEUNH)Q"B)%N+<F1.(CE_RG3&
MGW8)=JN>S4::--UF4&"PP5^4P?0$NKE+1,L506DCF8M:S4&9'-YLZ$S2+WCA
M!U?:E^/""(,!):YR4!-@7`,6[P6'W>+QE]+WT$"#`$X&S:D9ER;!"(<RI)FP
M.1=_<1(4@@#<I)/#(<HXW'@@.4*$D6M!!1E%.$BU(J`7<`&/LQRZW4]L&MN(
MB7<2H?MR_P"4JB!)D1K3=U3$`Q*^01IX^X)P-/H$NKDAZ98=G'B(@F<*B"*V
M1"":BMDD:DP20ZA<GA!U?:B.M'NO+?,P6ZR6>,OI>^L6!@XCT(KW>%*3,Q2R
M2AES$$\J[^,>O2ZS9=07[1RCC=\:@!SI^V+V3,,4#PH'%P%]*B<8Y=;J?>43
MAV)`I/</+_E%),3F\1`.PLB6'Z++JY0=7VY4OI>^@[5H:(2(T&%(#+BX"C0^
MSC`6D'@@'4!X$T3)B>!11`2R,PT!QW(`9"6)3@E$N1`J-@#@4M%@V&U)_P"N
M!1"!D4$PG#8`T*Q22!O0S`CL:7`4+PH82(5-^!;&+-+$2!P*)1(3<G%0$A"M
M8P)?[U4R!H!G$(0PEQPBHM`H`0$,WL\(1`L6R'!`!RI6GT2K$$*!!X&UQ-,B
M$@3B&*,MY\=($Q&XG!!(;C72_P"*"`1!9?(KI?\`%$0C!@OV.!<S(%D;2E=+
M_BFHAJJJ]JM$SRR'N'!7AHA'Q&NE_P`5BZ.%F6?3M72_XH``"`L`<$MXR!7N
MI32)R`Y[-=+_`(K3$+"48F#@:'F00'>]=+_BFSM!DV3P:")"0%$U+?0*L2%$
M)80DY)MRU*E2HW@Z\8$R;\M2I4J!\&K.C&/&\U2I4J5&E'JT%1)M;EJ5*E1I
M06:YC;;'+4J5*A=!!&0SAZ<RI4J5*CS@/80)^Q'^_5*V=P9'K$"0+24-Y\,;
M[5L<[NE?M_S7[?\`--LNFJ!(7(F3O]=JI#EQ`3@DJ`%-T<"83B`A6T*#T/+-
MMS2)N&&*Z?\`Q1&!88+Z)33)B+2*LN1*D<39N,FN,01!D"4'!(8:C`!*T%BA
M,"1"*)Q-FW-(ADBKA"-_JBKD08GD:,$0D2+0T$)R81)BWW*1<PH@EER@"6K>
M_"#J^W*E]+W_`%@HNJY)[B2B(L`O$W,FI`&-@'*DG<1*0QU/UP`Y#)JAEA4*
M@ZOM3!M;0Q282H;')+Z7OX%`RPHG)0)$LD/U9=5RB5A!1,$)`F*7&HSX,#5B
M?8#-]&BAM(F&0W9*`Z'"#J^U#:*G>B)H20W8%`K%+`H!X!QE]+WUC/6UP60L
MO<IMF`'X$[8W1-E#ZHN03AJ0E%N59:.P0J```P`05+P2RU<+E)B(876*A&*0
MQ81S5J0M%!P#6<0`&B0$FAP@ZOM1/0+J#"$+PU,"2Y$OI>^EMK>0<!!2B+#X
M4-X:C>99)FY<)LQ]579,BB)Y),8<8]BA]&9@#$,SLL8HDF,200+K`K'WX0=7
MVI)2"Y9$2.PTV7$A2GGVE821L)&7C+Z7OH$:M85)\`HD=DM*N@$H5'5NQ]6+
MLE`N<T"*YA*THM`YEX#;B[.1/&#J^U!"0Q2"C!:,(<DOI>^O:V4+B)D=Z>/*
M5*%.<$NZ)@(^JKLI<H2PAT^YR+Q"4V`6XM8)[GXK%N,'5]N5+Z7O^KE%S/.)
M=]%(SB2'@$U+0A9XXYX!$#Q8BDOA#8`4%`0`1`5LX9K]7IAAX@SD>*@Z4+4%
M%E+MX"NP=3("*88DU0$C"\%:-L07>.6*_5Z'$"T+218`'7ZJ?HL@;>4`#8#S
M0S$:<H`#^RR!M^A__]H`"`$"`P$_$/\`A46H<&O;PIB;?X#+R/8_P.7D>Q_@
M<O(]C_`Y>1['%@#ORB(\#E%WU3+R/8XED(,>/S4-GK\U#9Z_-0V>OS4-GK\T
MET>OS4-GK\U#9Z_-0V>OS4-GK\TV0`??Y^J9>1['^!R\CV/\#EY'L?X'+R/8
M_P`#EY'L?X%!"V#0V*66?\!EY'L?X'+R/8_P.7D>Q_@<O(]CBP!WY=/@<O4\
M>;USRN/B_CZ3EY'L<1A%OL5+M]CXJ7;['Q4NWV/BI=OL?%+;?8^*EV^Q\5+M
M]CXJ7;['Q4NWV/BO"^Q\5+M]CXJ7;['Q4NWV/BI=OL?%2[?8^*698^Q\5+M]
MCXJ7;['Q4NWV/BI=OL?%)8^WTG+R/8_P.7D>Q_@<O(]C_`Y>1['^!R\CV/\`
M`Y>1['^!$@.A[%*K+_@,O(]C_`Y>1['^!R\CV/X$CECF2+/+&OTG+R/8XP`[
M\NGP.7J>/-ZYY7'Q?Q])R\CV.(B!:[[[UWWWKOOO7??>N^^]=]]Z[[[UWWWK
MOOO7??>N^^]=]]Z[[[UWWWKOOO7??>N^^]=]]Z[[[UWWWK*,_2<O(]C^EV&N
MPUV&NPUV&NPUV&NPU+:I;5+:I;5+:I;5+:I;5+:I;5+:I;5+;^WEY'L?P6`+
MBN^^]=]]Z[[[UWWWHE)OR$!=Z[C7<:[C7<:0;KA]J[C7<:[C2*18FNXUW&D0
MNX_+7<:[C0I$LR?FNXUW&D&ZX?:NXUW&NXT2DW_M9>1['^!R\CV/\#EY'L?X
M'+R/8_P.7D>Q_@<O(]C_``.7D>Q_@<O(]C^`!'@?PD2.Y]/AL]?FCG#!OL=Z
M67;D`R3]ZAL]?FH;/7YH;68-_FH;/7YJ&SU^:AL]?FH;/7YJ&SU^:AL]?FH;
M/7YJ&SU^:&-F3?YJ&SU^:AL]?FH;/7YJ&SU^:AL]?FH;/7YJ&SU^:AL]?FH;
M/7YJ&SU^:AL]?FH;/7YJ&SU^:AL]?FH;/7YJ&SU^:AL]?FH;/7YJ&SU^:AL]
M?FH;/7YJ&SU^:AL]?FH;/7YIV(8=]O'^OEY'L?P2?PS!V_LY>3[/]?+R/8^E
M#']?+R/8_P`#EY'L?X'+R/8_P.7D>Q_@<O(]C_`Y>1['^!R\CV/X$MX%2VJ6
MU2VJ6U>N>3UQ4MJEM4MJEM33Y/L_2\O(]C^`+5KN-=QKN-=QI>7N-=QKN-=Q
MIW'Z7EY'L?X'+R/8_P`#EY'L?X&02:&O8I2;?X#+R/8_P.7D>Q_@<O(]C_`Y
M>1['%@#ORP<I(7;F@4=.7"?I.7D>QQZGCRZ?`Y>IX\WKGE<?%_'TG+R/8XED
M(/W^:AL]?FH;/7YJ&SU^:AL]?FDNCU^:AL]?FH;/7YJ&SU^:AL]?F@A$/7YJ
M&SU^:AL]?FH;/7YJ&SU^:AL]?FA64>OS4-GK\U#9Z_-0V>OS4-GK\U.!$?2<
MO(]C_`Y>1['^!R\CV/\``Y>1['^!R\CV/\#"EC![%++_`(#+R/8_P.7D>Q_@
M<O(]C_`Y>1['%@#ORZ?`Y>IX\WKGE<?%_'+^3VYM'A_>R\CV.,`7"/'XJ&SU
M^*AL]?BH;/7XJ&SU^*9%F._Q4-GK\5#9Z_%0V>OQ4-GK\4`2%_'XJ&SU^*AL
M]?BH;/7XJ&SU^*AL]?BD#"[W^*AL]?BH;/7XJ&SU^*AL]?BF`0R[]NU0V>OQ
M4-GK\5#9Z_%0V>OQ0&8>OQ4-GK\5#9Z_%0V>OQ4-GK\5#9Z_%(M%X/[V7D>Q
MPA!'5_K^7D>Q_@<O(]C_``.7D>Q_@<O(]C_`@ZOWI2R_\#0`[\L4>'+(+M]7
MQ7=-=%JZ+5T6KHM6#L-JZ+5T6KHM71:LUW3]#__:``@!`P,!/Q#_`(5%:GV_
M]HG7_`8>;[_X'#S??_`X>;[_`.!P\WWXCRO/CRJY]4P\WWXM\S4]WT^*GN^G
MQ4]WT^*GN^GQ0C5]/BI[OI\5/=]/BI[OI\5/=]/BB^9^J8>;[_X'#S??_`X>
M;[_X'#S??_`X>;[_`.!--<NKO01_@,/-]_\``X>;[_X'#S??_`X>;[\1E3EU
M^/+D<V+PY3+P/S])P\WWXI6:AW^[4._W:AW^[4._W:#W^[4._P!VH=_NU#O]
MVH=_NU'O]VH=_NU#O]VH=_NU#O\`=J'?[M!-_NU#O]VH=_NU#O\`=J'?[M"?
M2</-]_\``X>;[_X'#S??_`X>;[_X'#S??_`X>;[_`.!-,:OO01_@,/-]_P#`
MX>;[_P"!P\WW_@'EGF&>6?I.'F^_$;O+K\>7(YL7ARF7@?GZ3AYOOQ6R5VBN
MT5VBNT5VBNT5VBNT5VBNT5VBNT5VBNT5VBNT5VBNT5VBNT4`P?2</-]_Z7>K
MO5WJ[U=ZN]7>KO5"I*DJ2I*DJ2I*DJ2I*DJ3^WAYOO\`P`U*[17:*[17:*,`
MY#**[5=JNU4=J!,;5':H[5VJ(`2H[5':@EM4=J[5(F8ZM4=J[5$F-J[5=JNU
M1@']K#S??_`X>;[_`.!P\WW_`,#AYOO_`('#S??_``.'F^_^!P\WW_P.'F^_
M\#G[_P`*A/;Z?/=]/BFC+EVW\*#D2=8J>[Z?%3W?3XIKW<]OBI[OI\5/=]/B
MI[OI\5/=]/BI[OI\5/=]/BI[OI\5/=]/BDE=QV^*GN^GQ4]WT^*GN^GQ4]WT
M^*GN^GQ4]WT^*GN^GQ4]WT^*GN^GQ4]WT^*GN^GQ4]WT^*GN^GQ4]WT^*GN^
MGQ4]WT^*GN^GQ4]WT^*GN^GQ4]WT^*GN^GQ4]WT^*GN^GQ4]WT^*"7G;;X_K
MX>;[_P``1_")(_LX>9[_`-?#S??Z4D_U\/-]_P#`X>;[_P"!P\WW_P`#AYOO
M_@</-]_\#AYOO_@</-]_X&7\:DJ2I*DK%X<F;PJ2I*DJ2D1YGO\`2\/-]_X$
M;5VJ[5=JNUS=JNU7:KM5';Z7AYOO_@</-]_\#AYOO_@2QG5]Z/\``8>;[_X'
M#S??_`X>;[_X'#S??B/*,\J\RDGEF\?2</-]^.3RZ_'ER.;%X<IEX'Y^DX>;
M[\6^9J>[Z?%3W?3XJ>[Z?%3W?3XH1J^GQ4]WT^*GN^GQ4]WT^*GN^GQ2MWT^
M*GN^GQ4]WT^*GN^GQ4]WT^*GN^GQ0@B7T^*GN^GQ4]WT^*GN^GQ4]WT^*@9G
MZ3AYOO\`X'#S??\`P.'F^_\`@</-]_\``X>;[_X&UG5]Z"/\!AYOO_@</-]_
M\#AYOO\`X'#S??B,O+K\>7(YL7ARF7@?GEPYM?C_`'L/-]^-Q;5/9]/FI[/I
M\U/9]/FI[/I\TDT?3YJ>SZ?-3V?3YJ>SZ?-3V?3YI62SZ?-3V?3YJ>SZ?-3V
M?3YJ>SZ?-3V?3YIH!#Z?-3V?3YJ>SZ?-3V?3YJ>SZ?-"S,/I\U/9]/FI[/I\
MU/9]/FI[/I\TE,/I\U/9]/FI[/I\U/9]/FI[/I\U/9]/FBW_`+V'F^_`F_U_
M#S??_`X>;[_X'#S??_`X>;[_`.![!0!C_@8;O*IY5N?5\D17EKRUY:\M9\9K
,RUY:\M>6L$Q]#__9
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>10
<FILENAME>ex1021.txt
<DESCRIPTION>EXHIBIT 10.21 THREE-YEAR $250 MILLION REVOLVING CREDIT AGREEMENT
<TEXT>
                                                            EXECUTION COPY



                     3-YEAR REVOLVING CREDIT AGREEMENT
                                $250,000,000



                         DATED AS OF APRIL 2, 2004



                                   AMONG



                                ASHLAND INC.
                                AS BORROWER,



                          THE BANK OF NOVA SCOTIA,
                           AS SOLE LEAD ARRANGER
                                    AND
                      SOLE AND EXCLUSIVE BOOK MANAGER



                               SUNTRUST BANK
                              BANK ONE, N.A.,
                          AS CO-SYNDICATION AGENTS


                      THE ROYAL BANK OF SCOTLAND PLC,
                           AS DOCUMENTATION AGENT


                          THE BANK OF NOVA SCOTIA,
                          AS ADMINISTRATIVE AGENT,


                                    AND


                        THE LENDERS SIGNATORY HERETO





<PAGE>







<TABLE>
<CAPTION>

<S>                                                                                                            <C>
ARTICLE I             Definitions and Accounting Matters.........................................................1
         Section 1.01          Terms Defined Above...............................................................1
         Section 1.02          Certain Defined Terms.............................................................1
         Section 1.03          Accounting Terms and Determinations..............................................13
ARTICLE II            Commitments...............................................................................13
         Section 2.01          Loans............................................................................13
         Section 2.02          Borrowings, Continuations and Conversions........................................14
         Section 2.03          Issuance Procedures, Participations, Disbursements and Reimbursement.............15
         Section 2.04          Changes of Commitments...........................................................17
         Section 2.05          Fees.............................................................................18
         Section 2.06          Several Obligations..............................................................18
         Section 2.07          Notes............................................................................18
         Section 2.08          Prepayments......................................................................19
         Section 2.09          Lending Offices..................................................................19
         Section 2.10          [Reserved].......................................................................19
         Section 2.11          Change in Control................................................................19
ARTICLE III           Payments of Principal and Interest........................................................20
         Section 3.01          Repayment of Loans...............................................................20
         Section 3.02          Maturity of Loans................................................................20
         Section 3.03          Interest.........................................................................20
ARTICLE IV            Payments; Pro Rata Treatment; Computations; Etc...........................................21
         Section 4.01          Payments.........................................................................21
         Section 4.02          Pro Rata Treatment...............................................................22
         Section 4.03          Computations.....................................................................22
         Section 4.04          Non-receipt of Funds by the Administrative Agent.................................22
         Section 4.05          Set-off, Sharing of Payments, Etc................................................23
         Section 4.06          Taxes............................................................................24
ARTICLE V             Capital Adequacy..........................................................................27
         Section 5.01          Additional Costs.................................................................27
         Section 5.02          Limitation on Eurodollar Loans...................................................28
         Section 5.03          Illegality.......................................................................29
         Section 5.04          Base Rate Loans..................................................................29
         Section 5.05          Compensation.....................................................................29
ARTICLE VI            Conditions Precedent......................................................................30
         Section 6.01          Closing and Initial Funding......................................................30
         Section 6.02          Initial and Subsequent Loans and Letters of Credit...............................31
ARTICLE VII           Representations and Warranties............................................................31
         Section 7.01          Existence........................................................................31
         Section 7.02          Financial Condition..............................................................31
         Section 7.03          Litigation.......................................................................32
         Section 7.04          No Breach........................................................................32
         Section 7.05          Authority........................................................................32
         Section 7.06          Approvals........................................................................32
         Section 7.07          Use of Loans and Letters of Credit...............................................32
         Section 7.08          ERISA............................................................................33
         Section 7.09          Taxes............................................................................33
         Section 7.10          No Material Misstatements........................................................34
         Section 7.11          Investment Company Act...........................................................34
         Section 7.12          Public Utility Holding Company Act...............................................34
         Section 7.13          Defaults.........................................................................34
         Section 7.14          Environmental Matters............................................................34
         Section 7.15          Insurance........................................................................35
         Section 7.16          Reportable Transaction...........................................................35
ARTICLE VIII          Affirmative Covenants.....................................................................35
         Section 8.01          Reporting Requirements...........................................................36
         Section 8.02          Litigation.......................................................................37
         Section 8.03          Maintenance, Etc.................................................................37
         Section 8.04          Further Assurances...............................................................37
         Section 8.05          Performance of Obligations.......................................................38
         Section 8.06          ERISA Information and Compliance.................................................38
         Section 8.07          Compliance with Laws.............................................................38
         Section 8.08          Payment of Taxes.................................................................39
ARTICLE IX            Negative Covenants........................................................................39
         Section 9.01          Liens............................................................................39
         Section 9.02          Sales and Leasebacks.............................................................40
         Section 9.03          Mergers, Etc.....................................................................41
         Section 9.04          Proceeds of Notes................................................................41
         Section 9.05          ERISA Compliance.................................................................41
         Section 9.06          Leverage Ratio...................................................................42
         Section 9.07          Transactions with Affiliates.....................................................42
ARTICLE X             Events of Default; Remedies...............................................................42
         Section 10.01         Events of Default................................................................42
         Section 10.02         Remedies.........................................................................44
ARTICLE XI            The Administrative Agent..................................................................45
         Section 11.01         Appointment, Powers and Immunities...............................................45
         Section 11.02         Reliance by Administrative Agent.................................................45
         Section 11.03         Defaults.........................................................................45
         Section 11.04         Rights as a Lender...............................................................46
         Section 11.05         Indemnification..................................................................46
         Section 11.06         Non-Reliance on Administrative Agent and other Lenders...........................46
         Section 11.07         Action by Administrative Agent...................................................47
         Section 11.08         Resignation of Administrative Agent..............................................47
ARTICLE XII           Miscellaneous.............................................................................48
         Section 12.01         Waiver...........................................................................48
         Section 12.02         Notices..........................................................................48
         Section 12.03         Expenses; Indemnity; Damage Waiver...............................................48
         Section 12.04         Amendments, Etc..................................................................50
         Section 12.05         Successors and Assigns...........................................................50
         Section 12.06         Assignments and Participations...................................................50
         Section 12.07         Invalidity.......................................................................52
         Section 12.08         Counterparts.....................................................................52
         Section 12.09         References.......................................................................52
         Section 12.10         Survival.........................................................................53
         Section 12.11         Captions.........................................................................53
         Section 12.12         No Oral Agreements...............................................................53
         Section 12.13         Governing Law; Submission to Jurisdiction........................................53
         Section 12.14         Interest.........................................................................54
         Section 12.15         Confidentiality..................................................................55
         Section 12.16         Effectiveness....................................................................56
         Section 12.17         Termination of Existing Agreement................................................56
         Section 12.18         MAP Disposition..................................................................56
         Section 12.19         USA Patriot Act..................................................................57

</TABLE>

<PAGE>




ANNEX, EXHIBITS AND SCHEDULES:
Annex 1               List of Commitments

Exhibit A-1           Form of Note
Exhibit A-2           [Reserved]
Exhibit B-1           Form of Borrowing, Continuation and Conversion Request
Exhibit B-2           Form of Issuance Request
Exhibit C             Form of Compliance Certificate
Exhibit D             Form of Legal Opinion
Exhibit E             Form of Assignment Agreement
Exhibit F-1           [Reserved]
Exhibit F-2           [Reserved]
Exhibit G             [Reserved]
Exhibit H             [Reserved]

Schedule 7.03         Litigation
Schedule 7.08         Multiemployer Plans
Schedule 7.09         Taxes
Schedule 7.14         Environmental Matters



<PAGE>



                                     2




         This 3-YEAR REVOLVING CREDIT AGREEMENT, dated as of April 2, 2004,
is  among  ASHLAND  INC.,  a  corporation  formed  under  the  laws  of the
Commonwealth  of Kentucky (the  "Borrower");  each of the lenders that is a
signatory hereto or which becomes a signatory hereto as provided in Section
12.06  (individually,  together with its successors and assigns, a "Lender"
and,  collectively,  the  "Lenders");  SUNTRUST  BANK and BANK  ONE,  N.A.,
collectively,  as co-syndication  agents for the Lenders; THE ROYAL BANK OF
SCOTLAND PLC, as documentation agent for the Lenders;  and THE BANK OF NOVA
SCOTIA   (in  its   individual   capacity,   "Scotia   Capital"),   as  the
administrative agent (for the Lenders (in such capacity,  together with its
successors in such capacity, the "Administrative Agent") for the Lenders.

                              R E C I T A L S

         A........The  Borrower  has  requested  that the  Lenders  and the
Issuers  provide  certain loans and issue certain  letters of credit to the
Borrower;

         B........The  Lenders  and the  Issuers  have  agreed to make such
loans and issue such letters of credit  subject to the terms and conditions
of this Agreement; and

         C........In  consideration  of the mutual covenants and agreements
herein contained and of the loans and commitments  hereinafter referred to,
the parties hereto agree as follows:

ARTICLE I.........

                     DEFINITIONS AND ACCOUNTING MATTERS

Section 1.01......Terms Defined Above. As used in this Agreement, the terms
"Administrative   Agent,"  "Borrower,"  "Lender,"  "Lenders,"  and  "Scotia
Capital" shall have the meanings indicated above.

Section  1.02......Certain  Defined  Terms.  As used herein,  the following
terms shall have the following  meanings (all terms defined in this Article
I or in other provisions of this Agreement in the singular to have the same
meanings when used in the plural and vice versa):

         "Additional  Costs" shall have the meaning  assigned  such term in
Section 5.01(a).

         "Affected  Loans"  shall have the  meaning  assigned  such term in
Section 5.04.

         "Affiliate"  of any  Person  shall  mean any  Person  directly  or
indirectly  Owned by,  Owning or under  common  Ownership  with such  first
Person. For purposes of this definition,  any Person which owns directly or
indirectly 25% or more of the securities  having  ordinary voting power for
the election of directors or other  governing  body of a corporation or 25%
or more of the partnership or other ownership interests of any other Person
(other than as a limited  partner of such other  Person)  will be deemed to
"Own"  (including,  with its  correlative  meanings,  "Owned by" and "under
common Ownership with") such corporation or other Person.

         "Aggregate  Commitments"  at any time  shall  equal the sum of the
Commitments of the Lenders ($250,000,000, as of the Effective Date), as the
same may be reduced pursuant to Section 2.04(a).

         "Agreement" shall mean this 3-Year Revolving Credit Agreement,  as
the same may from time to time be amended or supplemented.

         "Alternate  Base Rate" means,  for any day, a rate per annum equal
to the  greater  of (a) the Prime  Rate in  effect on such day,  or (b) the
Federal  Funds Rate in effect on such day plus 1/2 of 1%. Any change in the
Alternate  Base Rate due to a change in the Prime Rate or the Federal Funds
Effective  Rate shall be effective from and including the effective date of
such  change  in the  Prime  Rate  or the  Federal  Funds  Effective  Rate,
respectively.

         "Applicable  Lending  Office" shall mean,  for each Lender and for
each Type of Loan,  the lending  office of such Lender (or an  Affiliate of
such Lender) designated for such Type of Loan on the signature pages hereof
or such other offices of such Lender (or of an Affiliate of such Lender) as
such Lender may from time to time specify to the  Administrative  Agent and
the  Borrower  as the office by which its Loans of such Type are to be made
and maintained.

         "Applicable Margin" shall mean, for any day, (a) zero percent (0%)
per  annum  with  respect  to Base  Rate  Loans  and (b)  with  respect  to
Eurodollar Loans, the applicable rate per annum set forth below, based upon
(i) the ratings by Moody's and S&P, respectively, applicable on such day to
the Index Debt and (ii) the percentage of the Aggregate  Commitments  drawn
on  such  day (it  being  understood  and  agreed  that  the  then  current
Applicable Margin, together with the then applicable Eurodollar Rate, shall
accrue and be payable on and with respect to the total principal  amount of
all Eurodollar Loans then outstanding):

---------------------- -----------------------------------------------------
                                 PERCENTAGE OF AGGREGATE COMMITMENTS DRAWN
---------------------- -----------------------------------------------------
     INDEX DEBT:             <33%              >33% AND <67%              >67%
      Category 1            0.500%                0.625%                 0.750%
      Category 2            0.625%                0.750%                 0.875%
      Category 3            0.750%                0.875%                 1.000%
      Category 4            1.000%                1.125%                 1.250%
      Category 5            1.500%                1.625%                 1.750%

For purposes of the foregoing and for purposes of  calculating  the Standby
Fee and the Letter of Credit  Fee,  (i) if either  Moody's or S&P shall not
have in effect a rating  for the Index  Debt  (other  than by reason of the
circumstances  referred to in the last sentence of this  definition),  then
such rating agency shall be deemed to have established a rating in Category
5; (ii) if the ratings  established  or deemed to have been  established by
Moody's and S&P for the Index Debt shall fall within different  Categories,
the  Applicable  Margin  shall be based on the  higher of the two  ratings;
(iii) if more than one Category falls between the rating levels established
or deemed to have been  established  by Moody's and S&P for the Index Debt,
the  Applicable  Margin  shall be based on the  Category  above the  lowest
rating;  (iv) if the ratings established or deemed to have been established
by Moody's  and S&P for the Index Debt  shall be changed  (other  than as a
result of a change in the rating  system of Moody's  or S&P),  such  change
shall be  effective  as of the earlier of the (1) date on which it is first
announced  by the  applicable  rating  agency  and  (2) the  date on  which
Borrower gives notice of such change to the Administrative  Agent; and (iv)
initially,  the Applicable Margin shall be determined based upon a Category
3 Index Debt rating. For the purposes hereof, Borrower shall be required to
notify the  Administrative  Agent of such change  immediately  upon gaining
knowledge of such change.  Each change in the Applicable Margin shall apply
during the  period  commencing  on the  effective  date of such  change and
ending on the date  immediately  preceding the  effective  date of the next
such change.  If the rating  system of Moody's or S&P shall  change,  or if
either  such  rating  agency  shall  cease to be in the  business of rating
corporate debt obligations, the Borrower and the Lenders shall negotiate in
good faith to amend this  definition to reflect such changed  rating system
or the  unavailability  of ratings from such rating agency and, pending the
effectiveness  of any  such  amendment,  the  Applicable  Margin  shall  be
determined by reference to the rating most recently in effect prior to such
change or cessation.

         "Assignment"  shall have the meaning assigned such term in Section
12.06(b).

         "Authorized Officer" means, relative to the Borrower, those of its
officers,  general  partners or  managing  members  (as  applicable)  whose
signatures and incumbency  shall have been certified to the  Administrative
Agent,  the  Lenders  and the  Issuers  pursuant  to Section  6.01(ii),  or
otherwise  designated as Authorized Officers for purposes of this Agreement
in resolutions of the Borrower's board of directors.

         "Availability Period" shall mean the period from and including the
Effective Date to but excluding the Termination Date.

         "Base Rate  Loans"  shall mean Loans that bear  interest  at rates
based upon the Alternate Base Rate.

         "Board" shall have the meaning assigned such term in Section 2.11.

         "Business  Day"  shall  mean  any day  other  than a day on  which
commercial  banks are authorized or required to close in New York City and,
where such term is used in the  definition of  "Quarterly  Date" or if such
day relates to a borrowing or  continuation  of, a payment or prepayment of
principal of or interest on, or a  conversion  of or into,  or the Interest
Period for, a Eurodollar  Loan or a notice by the Borrower  with respect to
any such  borrowing or  continuation,  payment,  prepayment,  conversion or
Interest  Period,  any day which is also a day on which  dealings in Dollar
deposits are carried out in the London interbank market.

         "Cash  Collateralize"  means,  with respect to a Letter of Credit,
the deposit of immediately  available funds into a cash collateral  account
maintained  with  (or on  behalf  of) the  Administrative  Agent  on  terms
satisfactory to the  Administrative  Agent in an amount equal to the Stated
Amount of such Letter of Credit.

         "Category  1"  means  A- or  higher  by S&P  and A3 or  higher  by
Moody's.

         "Category 2" means BBB+ by S&P and Baa1 by Moody's.

         "Category 3" means BBB by S&P and Baa2 by Moody's.

         "Category 4" means BBB- by S&P and Baa3 by Moody's.

         "Category  5" means  lower than BBB- by S&P and lower than Baa3 by
Moody's.

         "Change in  Control"  shall have the  meaning set forth in Section
2.11.

         "Closing Date" shall mean April 2, 2004.

         "Code"  shall mean the Internal  Revenue Code of 1986,  as amended
from time to time and any successor statute.

         "Commitment"  shall mean,  for any Lender,  its obligation to make
Committed Loans or participate in Letters of Credit up to the amount of the
Commitment for such Lender on Annex 1 hereto, as modified from time to time
to reflect any adjustments permitted or required hereby.

         "Committed Loan" shall mean a Revolving Loan.

         "Consolidated"  refers to the  consolidation  in  accordance  with
generally  accepted  accounting  principles of the accounts of the Borrower
and those of its  Subsidiaries  which are  Consolidated  in accordance with
GAAP.

         "Consolidated  Subsidiaries"  shall  mean each  Subsidiary  of the
Borrower  (whether  now  existing or  hereafter  created or  acquired)  the
financial  statements of which shall be (or should have been)  Consolidated
with the financial statements of the Borrower in accordance with GAAP.

         "Contingent   Liability"  means  any  agreement,   undertaking  or
arrangement by which any Person  guarantees,  endorses or otherwise becomes
or is contingently liable upon (by direct or indirect agreement, contingent
or  otherwise,  to  provide  funds  for  payment,  to  supply  funds to, or
otherwise to invest in, a debtor, or otherwise to assure a creditor against
loss) the  Indebtedness  of any other Person (other than by endorsements of
instruments  in the course of  collection),  or  guarantees  the payment of
dividends or other  distributions  upon the capital securities of any other
Person.  The  amount  of  any  Person's  obligation  under  any  Contingent
Liability  shall (subject to any limitation set forth therein) be deemed to
be the  outstanding  principal  amount  of the  debt,  obligation  or other
liability guaranteed thereby.

         "Control"  means the  possession,  directly or indirectly,  of the
power to direct or cause the  direction of the  management or policies of a
Person,  whether  through the ability to exercise voting power, by contract
or otherwise.  "Controlling"  and  "Controlled"  have meanings  correlative
thereto.

         "Debt"  shall  mean,  for  any  Person  the  sum of the  following
(without  duplication):  (i) all  obligations  of such Person for  borrowed
money or evidenced by bonds, commercial paper,  debentures,  notes or other
similar   instruments;   (ii)  all  obligations  of  such  Person  (whether
contingent or otherwise) in respect of bankers' acceptances,  reimbursement
obligations for amounts paid under letters of credit, surety or other bonds
and similar  instruments;  (iii) all  obligations of such Person to pay the
deferred  purchase  price of Property or services  (other than for borrowed
money);  (iv) all obligations under leases which shall have been, or should
have been, in accordance  with GAAP,  recorded as capital leases in respect
of which such Person is liable (whether  contingent or otherwise);  (v) all
Debt (as  described  in the other  clauses  of this  definition)  and other
obligations  of  others  secured  by a Lien on any  asset  of such  Person,
whether  or not such  Debt is  assumed  by such  Person;  (vi) all Debt (as
described in the other clauses of this definition) and other obligations of
others  guaranteed by such Person or in which such Person otherwise assures
a creditor  against loss of the debtor or obligations of others;  (vii) all
obligations  or  undertakings  of such  Person to  maintain  or cause to be
maintained the financial position or covenants of others or to purchase the
Debt or Property of others; (viii) obligations to pay for goods or services
whether or not such goods or services are actually  received or utilized by
such  Person  such  as  "take  or  pay,"   "through-put"   or  "deficiency"
agreements;  (ix) any capital stock of such Person in which such Person has
a mandatory  obligation  to redeem  such  stock;  (x) any Debt of a Special
Entity for which such Person is liable  either by agreement or because of a
Governmental  Requirement.  Notwithstanding  the foregoing,  Debt shall not
include (1) trade payables  incurred in the ordinary  course of business or
any  obligation set forth in (v), (vi),  (vii),  (viii),  (ix) or (x) above
which  would not be  required to be  disclosed  in an audited  Consolidated
balance sheet of the Borrower and its  Subsidiaries or in the notes thereto
as being immaterial,  and (2) accrued interest,  fees and charges which are
not past due.

         "Default"  shall mean an Event of  Default or an event  which with
notice or lapse of time or both would,  unless  cured or waived,  become an
Event of Default.

         "Disbursement" is defined in Section 2.03(c).

         "Disbursement Date" is defined in Section 2.03(c).

         "Documentary  Letter of Credit" means a letter of credit issued to
support the payment of goods and services used in the Borrower's business.

         "Dollars"  and "$" shall mean lawful money of the United States of
America.

         "Effective  Date"  shall have the  meaning  assigned  such term in
Section 12.16.

         "Eligible  Assignee"  means (a) a commercial  bank organized under
the laws of the United States, or any state thereto,  and having a combined
capital and surplus of at least  $100,000,000 at the time any assignment is
made pursuant to Section 12.06;  (b) a commercial  bank organized under the
laws of any  other  country  which  is a  member  of the  Organization  for
Economic   Cooperation  and  Development  (the  "OECD"),   or  a  political
subdivision of any such country,  and having a combined capital and surplus
of at least  $100,000,000  at the time any  assignment  is made pursuant to
Section 12.06  provided that such bank is acting through a branch or agency
located in the country in which it is organized or another country which is
also a member of the OECD;  and (c) a Person that is  primarily  engaged in
the business of commercial  lending and that is (i) a Subsidiary of a Bank,
(ii) a Subsidiary of a Person of which a Bank is a  Subsidiary,  or (iii) a
Person of which a Bank is a Subsidiary; provided that any Eligible Assignee
must have a minimum senior  unsecured  credit rating of at least BBB by S&P
and Baa2 by Moody's.

         "Environmental   Laws"   shall  mean  any  and  all   Governmental
Requirements  pertaining to health or the  environment in effect in any and
all  jurisdictions in which the Borrower or any Subsidiary is conducting or
at any time has conducted  business,  or where any Property of the Borrower
or any  Subsidiary  is  located,  including  without  limitation,  the  Oil
Pollution  Act of  1990  ("OPA"),  the  Clean  Air  Act,  as  amended,  the
Comprehensive Environmental,  Response,  Compensation, and Liability Act of
1980 ("CERCLA"),  as amended,  the Federal Water Pollution  Control Act, as
amended,  the Occupational  Safety and Health Act of 1970, as amended,  the
Resource  Conservation and Recovery Act of 1976 ("RCRA"),  as amended,  the
Safe Drinking Water Act, as amended,  the Toxic Substances  Control Act, as
amended,  the  Superfund  Amendments  and  Reauthorization  Act of 1986, as
amended, the Hazardous Materials  Transportation Act, as amended, and other
environmental  conservation  or protection  laws. The term "oil" shall have
the meaning specified in OPA, the terms "hazardous substance" and "release"
(or "threatened  release") have the meanings  specified in CERCLA,  and the
terms  "solid  waste" and  "disposal"  (or  "disposed")  have the  meanings
specified  in RCRA;  provided,  however,  that (i) in the event either OPA,
CERCLA or RCRA is amended so as to broaden the meaning of any term  defined
thereby,  such broader meaning shall apply subsequent to the effective date
of such amendment and (ii) to the extent the  applicable  laws of the state
in  which  any  Property  of the  Borrower  or any  Subsidiary  is  located
establish a meaning for "oil,"  "hazardous  substance,"  "release,"  "solid
waste" or  "disposal"  which is broader than that  specified in either OPA,
CERCLA or RCRA, such broader meaning shall apply.

         "ERISA" shall mean the Employee  Retirement Income Security Act of
1974, as amended from time to time and any successor statute.

         "ERISA  Affiliate"  shall mean each trade or business  (whether or
not incorporated)  which together with the Borrower or any Subsidiary would
be  deemed  to  be a  "single  employer"  within  the  meaning  of  section
4001(b)(1) of ERISA or  subsections  (b), (c), (m) or (o) of section 414 of
the Code.

         "ERISA  Event" shall mean (i) a  "Reportable  Event"  described in
Section  4043 of ERISA  and the  regulations  issued  thereunder,  (ii) the
withdrawal of the Borrower,  any  Subsidiary or any ERISA  Affiliate from a
Plan during a plan year in which it was a "substantial employer" as defined
in Section  4001(a)(2) of ERISA,  (iii) the filing of a notice of intent to
terminate a Plan or the  treatment  of a Plan  amendment  as a  termination
under  Section  4041 of  ERISA,  (iv) the  institution  of  proceedings  to
terminate  a Plan by the PBGC or (v) any  other  event or  condition  which
might  constitute  grounds under Section 4042 of ERISA for the  termination
of, or the appointment of a trustee to administer, any Plan.

         "Eurodollar  Loans" shall mean Loans the  interest  rates on which
are  determined  on the basis of rates  referred  to in the  definition  of
"Eurodollar Rate".

         "Eurodollar  Rate" shall  mean,  for any  Eurodollar  Loan for any
Interest  Period  therefor,   the  rate  per  annum  (rounded  upwards,  if
necessary,  to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or
any successor  page) as the London  interbank  offered rate for deposits in
Dollars at  approximately  11:00 a.m. (London time) two Business Days prior
to the first day of such  Interest  Period  for a term  comparable  to such
Interest  Period.  If for any reason such rate is not  available,  the term
"Eurodollar  Rate" shall mean,  for any  Eurodollar  Loan for any  Interest
Period therefor, the rate per annum (rounded upwards, if necessary,  to the
nearest  1/100 of 1%)  appearing on Reuters  Screen LIBO Page as the London
interbank offered rate for deposits in Dollars at approximately  11:00 a.m.
(London  time) two  Business  Days prior to the first day of such  Interest
Period for a term comparable to such Interest Period; provided, however, if
more than one rate is specified on Reuters Screen LIBO Page, the applicable
rate shall be the arithmetic mean of all such rates.

         "Event of Default"  shall have the meaning  assigned  such term in
Section 10.01.

         "Excess Margin Stock" shall mean that amount by which the value of
all Margin Stock owned by the Borrower and its Subsidiaries  exceeds 25% of
the value of all of the Property owned by the Borrower and its Subsidiaries
subject to Section 9.01.

         "Exchange  Act"  shall  have the  meaning  assigned  such  term in
Section 9.04.

         "Existing  Agreement"  shall mean that certain $250 Million 5-Year
Revolving  Credit  Agreement,  dated as of June 2, 1999, among the Borrower
and the Existing Lenders.

         "Existing  Lenders"  shall  mean the  lenders  under the  Existing
Agreement.

         "Federal  Funds Rate" shall mean,  for any day, the rate set forth
in the weekly statistical release designated as H.15(519), or any successor
publication  as  published  by the Federal  Reserve Bank of New York on the
preceding  Business Day opposite the caption  "Federal Funds  (Effective)",
provided  that (i) if the date for which such rate is to be  determined  is
not a Business  Day, the Federal Funds Rate for such day shall be such rate
on such transactions published on the next preceding Business Day, and (ii)
if such rate is not so published  for any day,  the Federal  Funds Rate for
such day shall be the average rate charged to the  Administrative  Agent on
such day on such transactions as determined by the Administrative Agent.

         "Fee Letter"  shall mean that certain  letter  agreement  from the
Administrative  Agent  to  the  Borrower  dated  as of  February  19,  2004
concerning   certain  fees  in  connection  with  this  Agreement  and  any
agreements or instruments executed in connection therewith, as the same may
be amended or replaced from time to time.

         "Financial  Officer"  shall  mean  the  chief  financial  officer,
principal  accounting  officer,  treasurer or  controller  of the Borrower.
Unless otherwise  specified,  all references to a Financial  Officer herein
shall mean a Financial Officer of the Borrower.

         "Financial  Statements"  shall  mean  the  Consolidated  financial
statement or statements of the Borrower and its  Subsidiaries  described or
referred to in Section 7.02, including the notes attached thereto.

         "Fronting Fee" has the meaning specified in Section 2.05(b).

         "Funded Debt" has the meaning specified in Section 9.02.

         "GAAP" shall mean generally accepted accounting  principles in the
United States of America in effect from time to time.

         "Governmental  Authority"  shall  include the country,  the state,
county,  city and  political  subdivisions  in  which  any  Person  or such
Person's Property is located or which exercises valid jurisdiction over any
such Person or such Person's Property,  and any court, agency,  department,
commission,  board,  bureau  or  instrumentality  of any of them  including
monetary  authorities  which  exercises  valid  jurisdiction  over any such
Person  or  such  Person's  Property.   Unless  otherwise  specified,   all
references  to  Governmental  Authority  herein  shall mean a  Governmental
Authority having  jurisdiction  over, where applicable,  the Borrower,  the
Subsidiaries  or any of their  Property or the  Administrative  Agent,  any
Lender or any Applicable Lending Office.

         "Governmental  Requirement"  shall  mean any law,  statute,  code,
ordinance,  order,  determination,   rule,  regulation,  judgment,  decree,
injunction, franchise, permit, certificate, license, authorization or other
directive  or  requirement  (whether  or not  having  the  force  of  law),
including,  without limitation,  Environmental Laws, energy regulations and
occupational,  safety and health standards or controls, of any Governmental
Authority.

         "Granting Lender" has the meaning specified in Section 12.06(g).

         "Hedging  Agreement" shall mean any commodity  agreement or option
with respect to any commodity agreement (other than sales contracts entered
into in the normal  course of  business  and not as a hedging  vehicle)  or
interest rate or currency swap, cap, floor,  collar,  forward  agreement or
other exchange or protection  agreements or any option with respect to such
transactions.

         "Highest Lawful Rate" shall mean, with respect to each Lender, the
maximum nonusurious interest rate, if any, that at any time or from time to
time may be contracted  for,  taken,  reserved,  charged or received on the
Notes or on other  Indebtedness  under laws applicable to such Lender which
are  presently  in effect  or, to the  extent  allowed  by law,  under such
applicable  laws which may  hereafter be in effect and which allow a higher
maximum nonusurious interest rate than applicable laws now allow.

         "Indebtedness" shall mean any and all amounts owing or to be owing
by the Borrower to the  Administrative  Agent and the Lenders in connection
with this Agreement,  the Notes and any Letter of Credit  Outstandings  and
all renewals, extensions and/or rearrangements of any of the above.

         "Index Debt" means senior,  unsecured,  long-term indebtedness for
borrowed  money of the Borrower that is not  guaranteed by any other Person
or subject to any other credit enhancement.

         "Initial  Funding"  shall mean the  funding of the  initial  Loans
pursuant to Section 6.01 hereof.

         "Interest  Period" shall mean,  (i) with respect to any Eurodollar
Loan, the period  commencing on the date such  Eurodollar  Loan is made and
ending on the numerically  corresponding day in the first, second, third or
sixth calendar month thereafter,  as the Borrower may select as provided in
Section 2.02 (or such longer period as may be requested by the Borrower and
agreed to by all Lenders); and (ii) with respect to any Base Rate Loan, the
period  commencing  on the  date  such  Loan is  made  and  ending  90 days
thereafter,  except that each Interest  Period which  commences on the last
Business  Day of a  calendar  month  (or on any day for  which  there is no
numerically corresponding day in the appropriate subsequent calendar month)
shall end on the last Business Day of the appropriate  subsequent  calendar
month.

         Notwithstanding the foregoing: (i) no Interest Period may commence
before and end after the Termination  Date; (ii) each Interest Period which
would  otherwise  end on a day which is not a Business Day shall end on the
next  succeeding  Business  Day (or, if such next  succeeding  Business Day
falls in the next succeeding calendar month, on the next preceding Business
Day);  and (iii) no Interest  Period shall have a duration of less than one
month and, if the Interest Period for any Eurodollar  Loans would otherwise
be for a shorter period, such Loans shall not be available hereunder.

         "Issuance   Request"   means  a  Letter  of  Credit   request  and
certificate  duly  executed  by an  Authorized  Officer  of  the  Borrower,
substantially in the form of Exhibit B-2 hereto.

         "Issuer"  means  the  Administrative  Agent or any  other  Lender,
subject to the approval of the Borrower.

         "Lending   Office"   shall   mean  the   lending   office  of  the
Administrative Agent, presently located at One Liberty Plaza, New York, New
York 10006,  or such other  location as  designated  by the  Administrative
Agent from time to time.

         "Letter of Credit" means  collectively,  Standby Letters of Credit
and Documentary Letters of Credit.

         "Letter of Credit  Commitment"  means an  Issuer's  obligation  to
issue Letters of Credit pursuant to Section 2.01(b).

         "Letter of Credit Commitment Amount" means, on any date, a maximum
amount of $250,000,000 as such amount may be permanently  reduced from time
to time pursuant to Section 2.03.

         "Letter of Credit Fee" is defined in clause (c) of Section 2.05.

         "Letter  of Credit  Outstandings"  means,  on any date,  an amount
equal to the sum of (i) the then  aggregate  amount  which is  undrawn  and
available under all issued and outstanding  Letters of Credit, and (ii) the
then  aggregate   amount  of  all  unpaid  and  outstanding   Reimbursement
Obligations.

         "Lien" shall mean any interest in Property  securing an obligation
owed to, or a claim  by, a Person  other  than the  owner of the  Property,
whether such interest is based on the common law, statute or contract,  and
whether such obligation or claim is fixed or contingent,  and including but
not  limited to the lien or  security  interest  arising  from a  mortgage,
encumbrance,  pledge, security agreement, conditional sale or trust receipt
or a lease, consignment or bailment for security purposes.

         "Loans" shall mean the loans as provided for by Sections  2.01(a).
Loans may be  Committed  Loans  which may be Base Rate Loans or  Eurodollar
Loans.

         "Majority  Lenders"  shall  mean,  at any time  while no Loans are
outstanding,  Lenders  having  in  excess  of  fifty  percent  (50%) of the
Aggregate Commitments and, at any time while Loans are outstanding, Lenders
holding in excess of percent (50%) of the outstanding  aggregate  principal
amount  of  the  Loans  (without  regard  to  any  sale  by a  Lender  of a
participation in any Loan under Section 12.06(c)).

         "MAP" shall mean Marathon Ashland Petroleum L.L.C.

         "Margin Stock" shall have the meaning set forth in Regulation U of
the Board of  Governors  of the Federal  Reserve  System as the same may be
amended or interpreted from time to time.

         "Material  Adverse Effect" shall mean a material adverse change in
the  financial  position or results of  operations  of the Borrower and its
Subsidiaries taken as a whole.

         "Multiemployer Plan" shall mean a multiemployer plan as defined in
section  3(37) or 4001 (a)(3) of ERISA which is, or within the six calendar
years  preceding  this Agreement  was,  contributed  to by the Borrower,  a
Subsidiary or an ERISA Affiliate.

         "Notes"  shall  mean  the  Notes  provided  for by  Section  2.07,
together   with   any  and   all   renewals,   increases,   rearrangements,
substitutions or modifications thereof.

         "Other Taxes" shall have the meaning assigned such term in Section
4.06(b).

         "PBGC" shall mean the Pension Benefit Guaranty  Corporation or any
entity succeeding to any or all of its functions.

         "Pension  Plan" means a Plan subject to the provisions of Title IV
of ERISA and Section 412 of the Code or Section 302 of ERISA.

         "Percentage  Share"  shall mean the  percentage  of the  Aggregate
Commitments to be provided by a Lender under this Agreement as indicated on
Annex 1 hereto,  as modified  from time to time to reflect any  adjustments
permitted or required hereby.

         "Person"  shall  mean  any   individual,   corporation,   company,
voluntary association,  partnership,  joint venture, trust,  unincorporated
organization  or  government  or any agency,  instrumentality  or political
subdivision  thereof,  or any  other  form of entity  except  as  otherwise
defined in Section 2.11 hereof.

         "Plan" shall mean any employee pension benefit plan, as defined in
Section  3(2) of ERISA,  which (i) is  currently  or  hereafter  sponsored,
maintained or  contributed  to by the Borrower,  any Subsidiary or an ERISA
Affiliate or (ii) was at any time during the preceding  six calendar  years
sponsored, maintained or contributed to, by the Borrower, any Subsidiary or
an ERISA Affiliate.

         "Post-Default Rate" shall mean, in respect of any principal of any
Loan or any other amount  payable by the Borrower  under this  Agreement or
the Notes,  a rate per annum  during the period  commencing  on the date of
occurrence  of an Event of Default until such amount is paid in full or all
Events of Default are cured or waived  equal to 2% per annum above the rate
of interest in effect from time to time including the Applicable Margin (if
any), but in no event to exceed the Highest Lawful Rate; provided, however,
for a Eurodollar Loan, the "Post-Default Rate" for such principal shall be,
for the period  commencing on the date of occurrence of an Event of Default
and ending on the earlier to occur of the last day of the  Interest  Period
therefor  or the date all  Events of Default  are cured or  waived,  2% per
annum  above  the  interest  rate  for such  Loan as  provided  in  Section
3.03(a)(ii), but in no event to exceed the Highest Lawful Rate.

         "Prime  Rate" shall mean at any time,  the rate of  interest  then
most recently  established by the  Administrative  Agent in New York as its
base rate for Dollars loaned in the United States.  Such rate is set by the
Administrative  Agent as a general  prime  rate of  interest,  taking  into
account such factors as the Administrative  Agent may deem appropriate,  it
being  understood  that many of the  Administrative  Agent's  commercial or
other loans are priced in relation to such rate, that it is not necessarily
the  lowest or best rate  actually  charged  to any  customer  and that the
Administrative Agent may make various commercial or other loans at rates of
interest having no relationship to such rate.

         "Property"  shall mean any  interest  in any kind of  property  or
asset, whether real, personal or mixed, or tangible or intangible.

         "Quarterly  Dates"  shall mean the last day of each  March,  June,
September, and December, in each year, the first of which shall be June 30,
2004; provided,  however,  that if any such day is not a Business Day, such
Quarterly Date shall be the next succeeding Business Day.

         "Regulation  D" shall mean  Regulation D of the Board of Governors
of the  Federal  Reserve  System  (or any  successor),  as the  same may be
amended or supplemented from time to time.

         "Regulatory  Change" shall mean,  with respect to any Lender,  any
change after the Closing Date in any  Governmental  Requirement  (including
Regulation   D)  or  the   adoption  or  making  after  such  date  of  any
interpretations,  directives  or  requests  applying  to a class of lenders
(including  such Lender or its Applicable  Lending  Office) of or under any
Governmental  Requirement  (whether  or not having the force of law) by any
Governmental  Authority  charged with the  interpretation or administration
thereof.

         "Reimbursement Obligation" is defined in Section 2.03(d).

         "Required  Payment"  shall have the meaning  assigned such term in
Section 4.04.

         "Revolving  Loan"  shall  mean a Loan  made  pursuant  to  Section
2.01(a).

         "SEC" shall mean the  Securities  and Exchange  Commission  or any
successor Governmental Authority.

         "SPC" has the meaning specified in Section 12.06(g).

         "Special Entity" shall mean any joint venture,  limited  liability
company or partnership, general or limited partnership or any other type of
partnership or company, other than a corporation,  in which the Borrower or
one or more of its other Subsidiaries is a member,  owner, partner or joint
venturer  and owns,  directly  or  indirectly,  at least a majority  of the
equity of such entity,  but  excluding  any tax  partnerships  that are not
classified as partnerships under state law.

         "Standby Fee" shall mean, the applicable  rate per annum set forth
below based upon the ratings by Moody's and S&P,  respectively,  applicable
on such date to the Index Debt:



<PAGE>

                 INDEX DEBT                             STANDBY FEE
                Category 1                               0.125%
                Category 2                               0.150%
                Category 3                               0.175%
                Category 4                               0.225%
                Category 5                               0.400%

         "Standby  Letter of  Credit"  means a letter  of credit  issued to
support payment,  when due or after default,  of obligations based on money
loaned or advanced,  or upon the  occurrence or  non-occurrence  of another
contingency.

         "Stated  Amount"  means,  on  any  date  and  with  respect  to  a
particular  Letter of Credit,  the total amount then  available to be drawn
under such Letter of Credit.

         "Stated Expiry Date" is defined in Section 2.03(a).

         "Stockholder's  Equity" shall mean the common stockholders' equity
of  Borrower  and  its  Subsidiaries  on  a  Consolidated   basis  (in  the
calculation  of which the book value of any treasury  shares  carried as an
asset shall be deducted).

         "Subsidiary"  means,  with respect to any Person (the "parent") at
any  date,  any  corporation,   limited  liability  company,   partnership,
association  or other  entity the  accounts of which would be  consolidated
with those of the parent in the parent's consolidated  financial statements
if such financial  statements  were prepared in accordance  with GAAP as of
such date, as well as any other  corporation,  limited  liability  company,
partnership,  association or other entity (a) of which  securities or other
ownership  interests  representing more than 50% of the equity or more than
50% of the  ordinary  voting power or, in the case of a  partnership,  more
than 50% of the general partnership  interests are, as of such date, owned,
controlled or held, or (b) that is, as of such date, otherwise  Controlled,
by the  parent or one or more  Subsidiaries  of the parent or by the parent
and one or more  Subsidiaries  of the parent.  Unless  otherwise  indicated
herein,  each reference to the term "Subsidiary" shall mean a Subsidiary of
the Borrower.  Notwithstanding the foregoing,  MAP will not be considered a
Subsidiary of the Borrower.

         "Substantial   Subsidiary"   shall  mean,   at  the  time  of  any
determination  thereof,  any  Subsidiary  which as of such  time  meets the
definition of "significant  subsidiary"  contained in Regulation S-X of the
SEC (as  amended  from time to time),  so long as it is a  Subsidiary,  but
whether or not it  otherwise  meets  such  definition,  Ashland  Paving and
Construction, Inc.

         "Taxes"  shall  have the  meaning  assigned  such term in  Section
4.06(a).

         "Termination  Date" shall mean March 11, 2007 unless the Aggregate
Commitments  are  sooner  terminated  (or Cash  Collaterized)  pursuant  to
Section 2.04(a) or 10.2 hereof.

         "Type" shall mean, with respect to any Loan, a Base Rate Loan or a
Eurodollar Loan.

         "Unfunded Pension  Liability" means the excess of a Pension Plan's
accumulated  benefit  obligations under Financial  Accounting  Standard 87,
determined in accordance  with the  assumptions  used by the Plan's actuary
for funding the  Pension  Plan  pursuant to Section 412 of the Code for the
applicable plan year, over the current value of that Pension Plan's assets.

Section  1.03......Accounting  Terms and  Determinations.  Unless otherwise
specified  herein,  all accounting  terms used herein shall be interpreted,
all  determinations  with respect to accounting  matters hereunder shall be
made,  and all  financial  statements  and  certificates  and reports as to
financial matters required to be furnished to the  Administrative  Agent or
the Lenders hereunder shall be prepared,  in accordance with GAAP,  applied
on a basis consistent with the audited financial statements of the Borrower
referred  to in Section  7.02  (except for  changes  concurred  with by the
Borrower's independent public accountants).

ARTICLE II........

                                COMMITMENTS

Section 2.01......Loans.

(a) Revolving  Loans.  Each Lender severally  agrees,  on the terms of this
Agreement, to make revolving loans (herein called "Revolving Loans") to the
Borrower  during the period from and including  (i) the  Effective  Date or
(ii) such later date that such Lender becomes a party to this Agreement, to
but excluding, the Termination Date in an aggregate principal amount at any
one time  outstanding  up to but not  exceeding the amount of such Lender's
Commitment  as  then in  effect;  provided,  however,  that  the  aggregate
principal  amount  of all Loans and  Letter of Credit  Outstandings  by all
Lenders  hereunder  at any  one  time  outstanding  shall  not  exceed  the
Aggregate Commitments.  Subject to the terms of this Agreement,  during the
period from the Effective Date to but excluding,  the Termination Date, the
Borrower  may  borrow,  repay and  reborrow  the amount  described  in this
Section 2.01(a).

(b)  Letter of Credit  Commitment.  From time to time on any  Business  Day
occurring from the Effective Date but no later than three (3) days prior to
the Termination Date, the relevant Issuer agrees that it will:

                  (i)  issue  one or more  Standby  Letters  of  Credit  or
         Documentary  Letters of Credit for the account of the  Borrower in
         the Stated Amount requested by the Borrower on such day; or

                  (ii) extend the Stated Expiry Date of an existing Standby
         Letter of Credit previously issued hereunder.

No Issuer  shall be permitted or required to issue any Letter of Credit if,
after giving  effect  thereto,  (i) the  aggregate  amount of all Letter of
Credit  Outstandings would exceed the Letter of Credit Commitment Amount or
(ii) the sum of the aggregate  amount of all Letter of Credit  Outstandings
plus the aggregate  principal  amount of all Loans then  outstanding  would
exceed the Aggregate Commitments.

(c) Limitation on Types of Loans. Subject to the other terms and provisions
of this Agreement,  at the option of the Borrower,  the Committed Loans may
be Base Rate Loans or Eurodollar  Loans;  provided that,  without the prior
written consent of the Majority  Lenders,  with respect to Committed Loans,
no more than five (5)  Eurodollar  Loans may be  outstanding at any time to
any Lender.

Section 2.02......Borrowings, Continuations and Conversions.

(a)  Borrowings.  The Borrower shall give the  Administrative  Agent (which
shall promptly notify the Lenders)  advance notice as hereinafter  provided
of each  borrowing of Committed  Loans  hereunder,  which shall specify the
aggregate amount of such borrowing, the Type and the date (which shall be a
Business  Day) of such Loans to be borrowed and (in the case of  Eurodollar
Loans) the duration of the Interest Period therefor.

(b) Minimum Amounts.  If the initial borrowing consists in whole or in part
of Eurodollar  Loans, such Eurodollar Loans shall be in amounts of at least
$5,000,000 or any whole multiple of $1,000,000 in excess thereof.

(c) Notices.  All Committed Loan borrowings,  continuations and conversions
require  advance  written notice to the  Administrative  Agent (which shall
promptly  notify the  Lenders)  in the form of Exhibit  B-1 (or  telephonic
notice  promptly  confirmed by such a written  notice),  which in each case
shall  be   irrevocable,   from  the   Borrower   to  be  received  by  the
Administrative  Agent not later than  11:00 a.m.  New York City time on the
Business Day of each Base Rate Loan borrowing and three Business Days prior
to the date of each Eurodollar Loan borrowing,  continuation or conversion.
Without in any way limiting the Borrower's obligation to confirm in writing
any telephonic notice,  the Administrative  Agent may act without liability
upon the basis of telephonic notice believed by the Administrative Agent in
good  faith  to  be  from  the   Borrower   prior  to  receipt  of  written
confirmation.  In each such case,  the Borrower  hereby waives the right to
dispute the  Administrative  Agent's record of the terms of such telephonic
notice except in the case of gross negligence or willful  misconduct by the
Administrative Agent.

(d)  Continuation  Options.  Subject to the provisions made in this Section
2.02(d),  the  Borrower may elect to continue as a new Loan all or any part
of any Committed  Loan beyond the  expiration of the then current  Interest
Period  relating  thereto by giving  advance  notice as provided in Section
2.02(c)  to the  Administrative  Agent  (which  shall  promptly  notify the
Lenders)  of such  election,  specifying  the  amount  of  such  Loan to be
continued as a new Committed Loan, the type of Loan and the Interest Period
therefor. In the absence of such a timely and proper election, the Borrower
shall be deemed to have  elected to  continue  any such Loan as a Base Rate
Loan (if such Committed Loan is a Eurodollar Loan, pursuant to a conversion
as set forth in Section 2.02(e)). All or any part of any Committed Loan may
be  continued  as  provided  herein,  provided  that (i) with  respect to a
Eurodollar Loan continued as a new Eurodollar Loan, any continuation of any
such Loan shall be (as to each Loan as continued for an applicable Interest
Period)  in  amounts  of at  least  $5,000,000  or any  whole  multiple  of
$1,000,000 in excess thereof and (ii) no Default shall have occurred and be
continuing.

(e) Conversion  Options.  The Borrower may elect to convert all or any part
of any  Committed  Loan which is a  Eurodollar  Loan on the last day of the
then current Interest Period relating thereto to a Base Rate Loan by giving
advance notice as provided in Section 2.02(c) to the  Administrative  Agent
(which shall promptly notify the Lenders) of such election.  Subject to the
provisions made in this Section 2.02(e),  the Borrower may elect to convert
all or any part of any Committed Loan which is a Base Rate Loan at any time
and from  time to time to a  Eurodollar  Loan by giving  advance  notice as
provided  in  Section  2.02(c) to the  Administrative  Agent  (which  shall
promptly  notify  the  Lenders)  of such  election.  All or any part of any
outstanding  Committed Loan may be converted as provided  herein,  provided
that (i) any conversion of any Base Rate Loan into a Eurodollar  Loan shall
be (as to each such Loan into which there is a conversion for an applicable
Interest Period) in amounts of at least $5,000,000 or any whole multiple of
$1,000,000 in excess thereof and (ii) no Default shall have occurred and be
continuing.  Each Committed Loan that is converted hereunder shall be a new
Committed  Loan,  and the  Interest  Period  applicable  to such  converted
Committed Loan shall terminate as of the effective date of such conversion.

(f)  Advances.  Not later  than  1:00  p.m.  New York City time on the date
specified for each  borrowing  hereunder,  each Lender shall make available
the amount of the Loan to be made by it on such date to the  Administrative
Agent,  to an account  which the  Administrative  Agent shall  specify,  in
immediately  available funds, for the account of the Borrower.  The amounts
so received by the  Administrative  Agent  shall,  subject to the terms and
conditions of this Agreement, promptly be made available to the Borrower by
depositing the same, in immediately  available  funds, in an account of the
Borrower, designated by the Borrower and maintained at the Lending Office.

Section 2.03......Issuance Procedures, Participations, Disbursements
and Reimbursement.

(a) By delivering to the  Administrative  Agent an Issuance  Request in the
form of Exhibit B-2 hereto,  on or before 10:00 a.m. on a Business Day, the
Borrower may from time to time  irrevocably  request on not less than three
(3) nor more than ten (10) Business Days' notice, in the case of an initial
issuance of a Letter of Credit and not less than three (3)  Business  Days'
prior  notice,  in the case of a request  for the  extension  of the Stated
Expiry Date of a Standby  Letter of Credit (in each case,  unless a shorter
notice period is agreed to by the Issuer, in its sole discretion),  that an
Issuer  issue,  or with respect to a Standby  Letter of Credit,  extend the
Stated  Expiry Date, a Letter of Credit in such form as may be requested by
the Borrower and approved by such Issuer, solely for the purposes described
in  Section  7.07.  Each  Letter of Credit  shall by its terms be stated to
expire on a date (its  "Stated  Expiry  Date") no later than the earlier to
occur of (i) the Termination  Date, (ii) in the case of a Standby Letter of
Credit (unless  otherwise agreed to by an Issuer,  in its sole discretion),
one (1)  year  from  the  date of its  issuance  or  (iii) in the case of a
Documentary Letter of Credit, six (6) months from the date of its issuance.
Each Issuer will make available to the beneficiary  thereof the original of
the Letter of Credit which it issues.

(b) Upon the issuance of each Letter of Credit, and without further action,
each Lender  (other than the  Issuer)  shall be deemed to have  irrevocably
purchased,  to the extent of its Percentage Share, a participation interest
in such  Letter of  Credit  (including  the  Contingent  Liability  and any
Reimbursement  Obligation with respect thereto),  and such Lender shall, to
the extent of its Percentage  Share, be responsible for reimbursing  within
one (1) Business Day of receiving notice from the Issuer for  Reimbursement
Obligations  which have not been  reimbursed  by the Borrower in accordance
with  Section  2.03(d)  (with  the  terms  of this  Section  surviving  the
termination of this Agreement).  The issuing Lender shall, to the extent of
its  Percentage  Share,  be  entitled  to receive a ratable  portion of the
Letter of Credit fees payable  pursuant to Section  2.05(c) with respect to
each  Letter of Credit.  To the extent that any Lender has  reimbursed  any
Issuer for a  Disbursement,  such  Lender  shall be entitled to receive its
ratable portion of any amounts subsequently  received (from the Borrower or
otherwise) in respect of such Disbursement.

(c) An  Issuer  will  notify  the  Borrower  and the  Administrative  Agent
promptly of the  presentment  for payment of any Letter of Credit issued by
such Issuer,  together  with notice of the date (the  "Disbursement  Date")
such payment shall be made (each such payment, a  "Disbursement").  Subject
to the terms and  provisions  of such Letter of Credit and this  Agreement,
the applicable  Issuer shall make such payment to the  beneficiary  (or its
designee) of such Letter of Credit.  On or prior to 11:00 a.m. on the first
Business Day following the  Disbursement  Date, the Borrower will reimburse
the Administrative Agent, for the account of the applicable Issuer, for all
amounts  which such  Issuer  has  disbursed  under  such  Letter of Credit,
together  with  interest  thereon at a rate per annum equal to the rate per
annum then in effect for Base Rate Loans (with the then  Applicable  Margin
for Revolving  Loans accruing on such amount)  pursuant to Section 3.03 for
the  period  from  the   Disbursement   Date   through  the  date  of  such
reimbursement.   Without   limiting   in  any   way   the   foregoing   and
notwithstanding  anything  to  the  contrary  contained  herein  or in  any
separate  application  for  any  Letter  of  Credit,  the  Borrower  hereby
acknowledges  and  agrees  that it  shall be  obligated  to  reimburse  the
applicable  Issuer  upon each  Disbursement  of a Letter of Credit,  and it
shall be deemed  to be the  obligor  for  purposes  of each such  Letter of
Credit issued hereunder.

(d) The  obligation (a  "Reimbursement  Obligation")  of the Borrower under
Section  2.03(c) to reimburse  an Issuer with respect to each  Disbursement
(including  interest  thereon),  and,  upon the failure of the  Borrower to
reimburse an Issuer,  each Lender's  obligation  under  Section  2.03(b) to
reimburse an Issuer,  shall be absolute and unconditional under any and all
circumstances  and  irrespective of any setoff,  counterclaim or defense to
payment which the Borrower or such Lender,  as the case may be, may have or
have had against  such Issuer or any Lender,  including  any defense  based
upon  the  failure  of any  Disbursement  to  conform  to the  terms of the
applicable Letter of Credit (if, in such Issuer's good faith opinion,  such
Disbursement  is determined to be appropriate)  or any  non-application  or
misapplication by the beneficiary of the proceeds of such Letter of Credit;
provided that, after paying in full its Reimbursement Obligation hereunder,
nothing  herein  shall  adversely  affect the right of the Borrower or such
Lender,  as the case may be, to commence any  proceeding  against an Issuer
for any wrongful  Disbursement made by such Issuer under a Letter of Credit
as a result of acts or omissions  constituting  gross negligence or willful
misconduct on the part of such Issuer.

(e) Upon the  occurrence and during the  continuation  of any Default under
Section 10.01 or upon notification by the  Administrative  Agent (acting at
the direction of the Required  Lenders) to the Borrower of its  obligations
under this Section, following the occurrence and during the continuation of
any other Event of Default,

(i) the aggregate  Stated  Amount of all Letters of Credit  shall,  without
demand  upon or notice to the  Borrower or any other  Person,  be deemed to
have  been paid or  disbursed  by the  Issuers  of such  Letters  of Credit
(notwithstanding  that  such  amount  may not in  fact  have  been  paid or
disbursed); and

(ii) the Borrower shall be  immediately  obligated to reimburse the Issuers
for the amount deemed to have been so paid or disbursed by such Issuers.

Amounts payable by the Borrower pursuant to this Section shall be deposited
in immediately  available funds with the  Administrative  Agent and held as
collateral  security for the Reimbursement  Obligations.  When all Defaults
giving rise to the deemed  disbursements under this Section have been cured
or waived the Administrative Agent shall return to the Borrower all amounts
then on deposit  with the  Administrative  Agent  pursuant to this  Section
which  have not  been  applied  to the  satisfaction  of the  Reimbursement
Obligations.

(f) The  Borrower,  and to the extent set forth in  Section  2.03(b),  each
Revolving  Loan Lender  shall  assume all risks of the acts,  omissions  or
misuse  of any  Letter  of Credit  by the  beneficiary  thereof.  No Issuer
(except to the extent of its own gross  negligence  or willful  misconduct)
shall be responsible for:

(i) the form, validity, sufficiency,  accuracy, genuineness or legal effect
of any  Letter  of  Credit  or any  document  submitted  by  any  party  in
connection  with the  application  for and  issuance of a Letter of Credit,
even if it  should  in fact  prove  to be in any or all  respects  invalid,
insufficient, inaccurate, fraudulent or forged;

(ii) the form, validity, sufficiency, accuracy, genuineness or legal effect
of any  instrument  transferring  or assigning or purporting to transfer or
assign a Letter of  Credit or the  rights  or  benefits  thereunder  or the
proceeds  thereof  in whole or in part,  which may prove to be  invalid  or
ineffective for any reason;

(iii) failure of the beneficiary to comply fully with  conditions  required
in order to demand payment under a Letter of Credit;

(iv) errors, omissions, interruptions or delays in transmission or delivery
of any messages, by mail, cable, telegraph, telex or otherwise; or

(v) any loss or delay in the  transmission  or otherwise of any document or
draft required in order to make a Disbursement under a Letter of Credit.

None of the foregoing shall affect, impair or prevent the vesting of any of
the rights or powers granted to any Issuer or any Lender hereunder.

Section 2.04......Changes of Commitments.

(a) The Borrower  shall have the right to terminate or to reduce the amount
of the Aggregate Commitments at any time or from time to time upon not less
than three (3)  Business  Days' prior  notice to the  Administrative  Agent
(which  shall  promptly  notify the  Lenders) of each such  termination  or
reduction,  which notice shall specify the  effective  date thereof and the
amount of any such reduction  (which shall not be less than  $10,000,000 or
any  whole  multiple  of  $1,000,000  in  excess   thereof)  and  shall  be
irrevocable and effective only upon receipt by the Administrative Agent.

(b)  The  Aggregate  Commitments  once  terminated  or  reduced  may not be
reinstated.

Section 2.05......Fees.

(a) The Borrower shall pay to the  Administrative  Agent for the account of
each  Lender in  accordance  with its  Percentage  Share a fee equal to the
Standby Fee multiplied by the average daily unused portion of the Aggregate
Commitments  for the period from and  including  the Closing Date up to but
excluding  either the  earlier of the date the  Aggregate  Commitments  are
terminated  or the  Termination  Date.  The accrued  Standby  Fees shall be
payable  quarterly in arrears on each  Quarterly  Date, on the  Termination
Date,  and  thereafter  on  demand.  The  Standby  Fee shall be  calculated
quarterly in arrears,  and if there is any change in the Standby Fee during
any  quarter,  the average  daily  unused  portion  shall be  computed  and
multiplied  by the  Standby  Fee  separately  for each  period  during such
quarter that the Standby Fee was in effect. The Standby Fee shall accrue at
all times,  including at any time when one or more conditions in Article VI
is not met.

(b) The Borrower shall pay to the  Administrative  Agent,  for the pro rata
account of the  applicable  Issuer,  a Letter of Credit  fronting  fee (the
"Fronting  Fee"),  in an amount to be agreed  upon by such  Issuer  and the
Borrower  at the time of the  issuance  of each  Letter of Credit,  payable
quarterly  in arrears  following  the issuance of such Letter of Credit and
(if earlier),  on the date of any  termination or expiration of such Letter
of   Credit.   In   addition,    the   Administrative   Agent's   customary
administrative,  issuance, amendment, payment and negotiation fees shall be
payable to the Administrative  Agent, for its own account, as Issuer of the
Letters  of  Credit  on the  dates  and in the  amounts  from  time to time
notified to the Borrower by the Administrative Agent.

(c) The Borrower  agrees to pay to the  Administrative  Agent,  for the pro
rata  account of each  Lender  (including  the  applicable  Issuer,  in its
capacity as a Lender),  a Letter of Credit fee (the "Letter of Credit Fee")
in an amount equal to the then effective  Applicable  Margin for Eurodollar
Loans,  payable  quarterly in arrears following the issuance of such Letter
of Credit and (if earlier), on the date of any termination or expiration of
such Letter of Credit.

(d) The Borrower shall pay to the Administrative Agent for its account such
other  fees as are set  forth  in the Fee  Letter  on the  dates  specified
therein to the extent not paid prior to the Closing Date.

Section  2.06......Several  Obligations.  The failure of any Lender to make
any Loan to be made by it on the date specified  therefor shall not relieve
any other Lender of its  obligation  to make its Loan on such date,  but no
Lender shall be  responsible  for the failure of any other Lender to make a
Loan to be made by such other Lender.

Section  2.07......Notes.  The Committed Loans made by each Lender shall be
evidenced by a single  promissory note of the Borrower in substantially the
form of Exhibit A-1 hereto,  dated (i) April 2, 2004, or (ii) the effective
date of an Assignment pursuant to Section 12.06(b), payable to the order of
such Lender in a principal  amount equal to its Commitment as in effect and
otherwise  duly  completed.  The  date,  amount,  Type,  interest  rate and
Interest Period of each Loan made by each Lender,  and all payments made on
account of the principal  thereof,  shall be recorded by such Lender on its
books for its Notes,  and,  prior to any transfer,  may be endorsed by such
Lender on a schedule attached to such Notes or any continuation  thereof or
on any separate record maintained by such Lender.  Failure to make any such
notation  or to attach a  schedule  shall not affect  any  Lender's  or the
Borrower's  rights or  obligations  in  respect of such Loans or affect the
validity of such transfer by any Lender of its Notes.

Section 2.08......Prepayments.

(a) The  Borrower may prepay the Base Rate Loans upon not less than one (1)
Business  Days'  prior  notice to the  Administrative  Agent  (which  shall
promptly  notify the Lenders),  which notice shall  specify the  prepayment
date  (which  shall be a  Business  Day) and the  amount of the  prepayment
(which shall be at least  $1,000,000 or the remaining  aggregate  principal
balance  outstanding on the Notes) and shall be  irrevocable  and effective
only upon receipt by the  Administrative  Agent,  provided that interest on
the principal prepaid, accrued to the prepayment date, shall be paid on the
prepayment  date.  The  Borrower  may  prepay  Committed  Loans  which  are
Eurodollar  Loans upon not less than two (2) Business Days' prior notice to
the  Administrative  Agent  (which shall  promptly  notify the Lenders) and
otherwise on the same condition as for Base Rate Loans and in addition such
prepayments  of  Eurodollar  Loans shall be subject to the terms of Section
5.05 and, for each Eurodollar  Loan,  shall be in an amount equal to all of
such Eurodollar Loans for the Interest Period prepaid.

(b)  If,  after  giving  effect  to any  termination  or  reduction  of the
Aggregate   Commitments   pursuant  to  Section  2.04(b),  the  outstanding
aggregate  principal  amount of (i) the Loans and (ii) the aggregate amount
of all Letter of Credit Outstandings exceeds the Aggregate Commitments, the
Borrower  shall  prepay  the  Loans  on the  date  of such  termination  or
reduction in an aggregate  principal  amount equal to the excess,  together
with  interest on the  principal  amount  paid  accrued to the date of such
prepayment.

(c)  Prepayments  permitted  or required  under this  Section 2.08 shall be
without  premium or penalty,  except as  required  under  Section  5.05 for
prepayment of Eurodollar  Loans. Any prepayments on the Revolving Loans may
be reborrowed subject to the then effective  Aggregate  Commitments and the
other provisions of this Agreement.

Section  2.09......Lending  Offices.  The  Loans of each  Type made by each
Lender shall be made and  maintained  at such Lender's  Applicable  Lending
Office for Loans of such Type.

Section 2.10......[Reserved].

Section  2.11......Change  in Control.  If a Change in Control  shall occur
then (a) the Borrower will,  within five Business Days after the occurrence
thereof,  give each Lender notice  thereof and shall describe in reasonable
detail the facts and circumstances  giving rise thereto and (b) each Lender
may, by notice to the Borrower and the Administrative Agent given not later
than 45 days after the occurrence of such Change in Control,  terminate its
Commitments,  which shall be  terminated  upon the date  specified  in such
notice,  which date shall be no earlier than the  fifteenth  day after such
notice; all principal,  accrued and unpaid interest and all unpaid fees and
other amounts  owing  hereunder and under the Notes of such Lender shall be
due and payable on such date.

         For  purposes  of this  Section,  a "Change in  Control"  shall be
deemed to occur (1) upon approval of the  shareholders  of the Borrower (or
if such approval is not required, upon the approval of the Borrower's Board
of  Directors  (the  "Board")  of (A) any  consolidation  or  merger of the
Borrower, other than a consolidation or merger of the Borrower into or with
a direct or indirect wholly-owned Subsidiary,  in which the Borrower is not
the  continuing  or  surviving  corporation  or pursuant to which shares of
common stock of the Borrower  would be converted  into cash,  securities or
other  property other than a merger in which the holders of common stock of
the  Borrower   immediately   prior  to  the  merger  will  have  the  same
proportionate  ownership  of  common  stock  of the  surviving  corporation
immediately  after the  merger,  (B) any sale,  lease,  exchange,  or other
transfer (in one transaction or a series of related transactions) of all or
substantially  all the assets of the Borrower,  or (C) adoption of any plan
or proposal for the  liquidation or  dissolution of the Borrower,  (2) when
any person (as defined in Section  3(a)(9) or 13(d) of the  Exchange  Act),
other than the Borrower or any subsidiary or employee benefit plan or trust
maintained by the Borrower,  shall become the beneficial  owner (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than
15% of the Borrower's  common stock  outstanding  at the time,  without the
approval  of the  Board,  or  (3)  at  any  time  during  a  period  of two
consecutive  years,  individuals  who  at  the  beginning  of  such  period
constituted  the Board shall cease for any reason to  constitute at least a
majority thereof, unless the election or the nomination for election by the
Borrower's  shareholders  of each new director  during such two-year period
was approved by a vote of at least  two-thirds of the directors  then still
in office who were  directors  at the  beginning of such  two-year  period.
Notwithstanding the foregoing, any transaction,  or series of transactions,
that shall result in the  disposition  of the  Borrower's  interest in MAP,
including  without  limitation any transaction  arising out of that certain
Put/Call,  Registration  Rights and Standstill  Agreement  dated January 1,
1998 among Marathon Oil Company, USX Corporation,  the Borrower and MAP, as
amended  from time to time,  shall not be deemed to  constitute a Change in
Control.

ARTICLE III.......

                     PAYMENTS OF PRINCIPAL AND INTEREST

Section  3.01......Repayment  of  Loans.  The  Borrower  will  pay  to  the
Administrative  Agent,  for the  account  of  each  Lender,  the  principal
payments  required by this Article III. The aggregate  principal  amount of
the Notes  outstanding on the Termination  Date shall be due and payable on
such date.

Section  3.02......Maturity  of Loans.  Each Loan borrowed  hereunder shall
mature,  and the principal amount thereof shall be due and payable,  on the
last day of the Interest Period applicable to such Loan.

Section 3.03......Interest.

(a) Interest Rates. The Borrower will pay to the Administrative  Agent, for
the account of each Lender, interest on the unpaid principal amount of each
Loan made by such Lender for the period commencing on the date such Loan is
made to but  excluding  the date  such Loan  shall be paid in full,  at the
following rates per annum:

(i) if such a Loan is a Base  Rate  Loan,  the  Alternate  Base Rate (as in
effect from time to time) plus the  Applicable  Margin,  but in no event to
exceed the Highest Lawful Rate; and

(ii) if such a Loan is a Eurodollar Loan that is a Committed Loan, for each
Interest  Period relating  thereto,  the Eurodollar Rate for such Loan plus
the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

(b) Post-Default Rate. Notwithstanding the foregoing, the Borrower will pay
to the Administrative Agent, for the account of each Lender interest at the
applicable  Post-Default  Rate on any  principal  of any Loan  made by such
Lender,  and (to the fullest  extent  permitted by law) on any other amount
payable by the Borrower, hereunder or under any Note held by such Lender to
or for account of such Lender,  for the period commencing on the date of an
Event of  Default  until the same is paid in full or all  Events of Default
are cured or waived.

(c) Due Dates.  Accrued interest on Base Rate Loans shall be payable on the
last day of the Interest Period applicable thereto, and accrued interest on
each  Eurodollar  Loan  shall be  payable  on the last day of the  Interest
Period therefor and, if such Interest Period is longer than three months at
three-month  intervals  following  the first day of such  Interest  Period,
except that interest payable at the Post-Default Rate shall be payable from
time to  time  on  demand  and  interest  on any  Eurodollar  Loan  that is
converted into a Base Rate Loan (pursuant to Section 5.04) shall be payable
on the date of conversion (but only to the extent so converted).

(d)  Determination  of  Rates.  Promptly  after  the  determination  of any
interest rate provided for herein or any change therein, the Administrative
Agent shall  notify the  Lenders to which such  interest is payable and the
Borrower  thereof.  Each  determination by the  Administrative  Agent of an
interest rate or fee hereunder shall, except in cases of manifest error, be
final, conclusive and binding on the parties.

ARTICLE IV........

              PAYMENTS; PRO RATA TREATMENT; COMPUTATIONS; ETC.

Section 4.01......Payments. Except to the extent otherwise provided herein,
all payments of  principal,  interest  and other  amounts to be made by the
Borrower hereunder shall be initiated in Dollars, in immediately  available
funds, to the  Administrative  Agent at such account as the  Administrative
Agent shall specify by notice to the Borrower from time to time,  not later
than 11:00 a.m. New York City time on the date on which such payments shall
become due (each such  payment  made after such time on such due date to be
deemed  to have  been  made on the  next  succeeding  Business  Day).  Such
payments  shall  be  made  without  (to the  fullest  extent  permitted  by
applicable law) defense, set-off or counterclaim.  Each payment received by
the Administrative  Agent under this Agreement on any Note for account of a
Lender shall be paid  promptly to such Lender pro rata in  accordance  with
such Lender's  Percentage Share in immediately  available funds.  Except as
provided  in clause  (ii) of the  second  paragraph  of the  definition  of
"Interest  Period," if the due date of any payment under this  Agreement or
any Note would  otherwise  fall on a day which is not a  Business  Day such
date shall be extended to the next  succeeding  Business  Day and  interest
shall be  payable  for any  principal  so  extended  for the period of such
extension.  At the time of each payment to the Administrative  Agent of any
principal of or interest on any  borrowing,  the Borrower  shall notify the
Administrative Agent of the Loans to which such payment shall apply. In the
absence of such  notice the  Administrative  Agent may specify the Loans to
which such payment shall apply,  but to the extent possible such payment or
prepayment will be applied first to the Loans comprised of Base Rate Loans.

Section  4.02......Pro  Rata  Treatment.  Except  to the  extent  otherwise
provided  herein each  Lender  agrees  that:  (a) each  borrowing  from the
Lenders  under  Section 2.01 and each  continuation  and  conversion  under
Section  2.02 shall be made from the  Lenders pro rata in  accordance  with
their  Percentage  Share,  each  payment of the Standby  Fee under  Section
2.05(a) and amounts owing to the Lenders (including amounts paid in respect
of Reimbursement  Obligations,  to the extent actually participated in by a
Lender)  shall be made for account of the  Lenders  pro rata in  accordance
with their  Percentage  Shares and each  termination  or  reduction  of the
amount of the Aggregate  Commitments under Section 2.04(a) shall be applied
to the Commitment of each Lender,  pro rata according to the amounts of its
respective  Percentage Share; (b) except during the continuance of an Event
of Default,  each payment of principal of Committed  Loans,  the  aggregate
Reimbursement  Obligations  then  owing  and the Cash  Collaterization  for
contingent  liabilities  under Letter of Outstandings by the Borrower shall
be made  for  account  of the  Lenders  pro  rata in  accordance  with  the
respective  unpaid  principal  amount  of the  Type  of  Loans  so  paid as
designated  pursuant to Section 4.01; (c) except during the  continuance of
an Event of Default,  each  payment of interest on  Committed  Loans by the
Borrower  shall be made for account of the  Lenders pro rata in  accordance
with the amounts of interest due and payable to the  respective  Lenders on
the Type of Loans  to which  such  interest  payment  is to be  applied  as
designated  pursuant to Section 4.01; and (d) during the  continuance of an
Event of Default  each payment on the Loans shall be applied as provided in
Section 10.02(c).

Section  4.03......Computations.  Interest  on  Eurodollar  Loans and fees,
including  any Letter of Credit  fees,  shall be computed on the basis of a
year of 360 days and  actual  days  elapsed  (including  the  first day but
excluding the last day)  occurring in the period for which such interest is
payable,  unless such calculation  would exceed the Highest Lawful Rate, in
which case interest shall be calculated on the per annum basis of a year of
365 or 366 days,  as the case may be.  Interest on Base Rate Loans shall be
computed on the basis of a year of 365 or 366 days, as the case may be, and
actual days elapsed  (including  the first day but  excluding the last day)
occurring in the period for which such interest is payable.

Section  4.04......Non-receipt of Funds by the Administrative Agent. Unless
the  Administrative  Agent  shall  have  been  notified  by a Lender or the
Borrower  prior to the date on which such  notifying  party is scheduled to
make payment to the  Administrative  Agent (in the case of a Lender) of the
proceeds  of a Loan  or (in the  case of the  Borrower)  a  payment  to the
Administrative  Agent for account of one or more of the  Lenders  hereunder
(such payment being herein  called the  "Required  Payment"),  which notice
shall  be  effective  upon  receipt,  that it does not  intend  to make the
Required Payment to the Administrative  Agent, the Administrative Agent may
assume that the  Required  Payment has been made and may, in reliance  upon
such  assumption  (but shall not be required to),  make the amount  thereof
available to the intended  recipient(s) on such date and, if such Lender or
the Borrower (as the case may be) has not in fact made the Required Payment
to the  Administrative  Agent,  the  recipient(s) of such payment shall, on
demand,  repay to the  Administrative  Agent the  amount so made  available
together  with  interest  thereon  in respect of each day during the period
commencing  on  the  date  such  amount  was  so  made   available  by  the
Administrative  Agent until but excluding the date the Administrative Agent
recovers  such  amount  at a rate  per  annum  which,  for  any  Lender  as
recipient, will be equal to the Federal Funds Rate, and for the Borrower as
recipient, will be equal to the Base Rate plus the Applicable Margin.

Section 4.05......Set-off, Sharing of Payments, Etc.

(a) The Borrower  agrees that, in addition to (and without  limitation  of)
any right of set-off,  bankers' lien or counterclaim a Lender may otherwise
have, each Lender shall have the right and be entitled,  at its option,  to
offset  balances held by it or by any of its  Affiliates for account of the
Borrower  or any  Subsidiary  at any of its  offices,  in Dollars or in any
other  currency,  against  any  principal  of or  interest  on any of  such
Lender's Loans, or any other amount payable to such Lender hereunder, which
is not paid when due  (regardless  of whether such balances are then due to
the Borrower),  in which case it shall promptly notify the Borrower and the
Administrative  Agent thereof,  provided that such Lender's failure to give
such notice shall not affect the validity thereof.

(b) If any Lender shall obtain  payment of any  principal of or interest on
any Loan  made by it to the  Borrower  under  this  Agreement  through  the
exercise of any right of set-off,  banker's lien or counterclaim or similar
right or  otherwise,  and, as a result of such  payment,  such Lender shall
have  received  a greater  percentage  of the  principal  or  interest  (or
reimbursement)  then due  hereunder by the Borrower to such Lender than the
percentage  received by any other Lenders, it shall promptly (i) notify the
Administrative  Agent and each other Lender  thereof and (ii) purchase from
such other Lenders participations in (or, if and to the extent specified by
such Lender,  direct interests in) the Loans made by such other Lenders (or
in interest due thereon, as the case may be) in such amounts, and make such
other adjustments from time to time as shall be equitable,  to the end that
all the Lenders shall share the benefit of such excess  payment (net of any
expenses  which may be incurred by such Lender in obtaining  or  preserving
such  excess  payment)  pro rata in  accordance  with the unpaid  principal
and/or  interest on the Loans held by each of the Lenders.  To such end all
the Lenders shall make  appropriate  adjustments  among  themselves (by the
resale of participations sold or otherwise) if such payment is rescinded or
must  otherwise  be  restored.  The  Borrower  agrees  that any  Lender  so
purchasing a participation  (or direct interest) in the Loans made by other
Lenders (or in interest due  thereon,  as the case may be) may exercise all
rights of  set-off,  banker's  lien,  counterclaim  or similar  rights with
respect  to such  participation  as fully as if such  Lender  were a direct
holder of Loans in the  amount  of such  participation.  Nothing  contained
herein shall  require any Lender to exercise any such right or shall affect
the right of any Lender to exercise, and retain the benefits of exercising,
any such right with respect to any other  indebtedness or obligation of the
Borrower. If under any applicable  bankruptcy,  insolvency or other similar
law, any Lender receives a secured claim in lieu of a set-off to which this
Section  4.05  applies,  such  Lender  shall,  to the  extent  practicable,
exercise its rights in respect of such secured claim in a manner consistent
with the rights of the Lenders  entitled  under this  Section 4.05 to share
the benefits of any recovery on such secured claim.

Section 4.06......Taxes.

(a) Payments Free and Clear. Any and all payments by the Borrower hereunder
shall be made,  in  accordance  with  Section  4.01,  free and clear of and
without deduction for any and all present or future taxes, levies, imposts,
deductions,  charges or  withholdings,  and all  liabilities  with  respect
thereto,  excluding,  in the  case of each  Lender  and the  Administrative
Agent, taxes imposed on their income and franchise or similar taxes imposed
on them,  by (i) any  jurisdiction  (or political  subdivision  thereof) of
which the  Administrative  Agent or such  Lender,  as the case may be, is a
citizen or  resident  or in which such  Lender  has an  Applicable  Lending
Office,  (ii) the  jurisdiction (or any political  subdivision  thereof) in
which the  Administrative  Agent or such Lender is organized,  or (iii) any
jurisdiction (or political  subdivision  thereof) in which such Lender, the
Administrative Agent is presently doing business in which taxes are imposed
solely  as a result  of  doing  business  in such  jurisdiction  (all  such
non-excluded taxes, levies, imposts, deductions,  charges, withholdings and
liabilities  being  hereinafter  referred to as  "Taxes").  If the Borrower
shall be  required by law to deduct any Taxes from or in respect of any sum
payable hereunder to the Lenders or the  Administrative  Agent, (A) the sum
payable shall be increased by the amount necessary so that after making all
required  deductions  (including  deductions  applicable to additional sums
payable under this Section 4.06) such Lender, the Administrative  Agent (as
the case may be) shall  receive  an amount  equal to the sum it would  have
received had no such deductions been made, (B) the Borrower shall make such
deductions and (C) the Borrower  shall pay the full amount  deducted to the
relevant  taxing  authority or other  Governmental  Authority in accordance
with applicable law.

(b) Other Taxes. In addition, to the fullest extent permitted by applicable
law, the Borrower  agrees to pay any present or future stamp or documentary
taxes or any other excise or property taxes, charges or similar levies that
arise from any payment made  hereunder or from the  execution,  delivery or
registration  of, or  otherwise  with  respect  to, this  Agreement  or any
Assignment (hereinafter referred to as "Other Taxes").

(c) Indemnification. To the fullest extent permitted by applicable law, the
Borrower will  indemnify each Lender and the  Administrative  Agent for the
full  amount of Taxes and Other Taxes  (including,  but not limited to, any
Taxes or Other  Taxes  imposed  by any  Governmental  Authority  on amounts
payable under this Section 4.06) paid by such Lender or the  Administrative
Agent (on their behalf or on behalf of any Lender), as the case may be, and
any  liability  (including   penalties,   interest  and  expenses)  arising
therefrom or with respect thereto, whether or not such Taxes or Other Taxes
were correctly or legally asserted unless the payment of such Taxes was not
correctly or legally asserted and such Lender's or  Administrative  Agent's
payment of such Taxes or Other Taxes was the result of its gross negligence
or willful misconduct.  Any payment pursuant to such indemnification  shall
be  made  within   thirty  (30)  days  after  the  date  any  Lender,   the
Administrative Agent, as the case may be, makes written demand therefor. If
any  Lender  or the  Administrative  Agent  receives  a refund or credit in
respect  of  any  Taxes  or  Other  Taxes  for  which  such   Lender,   the
Administrative  Agent  has  received  payment  from the  Borrower  it shall
promptly  notify the  Borrower  of such  refund or credit and shall,  if no
Default  has  occurred  and is  continuing,  within  thirty (30) days after
receipt of a request by the  Borrower  (or promptly  upon  receipt,  if the
Borrower  has  requested  application  for such  refund or credit  pursuant
hereto),  pay an amount  equal to such  refund  or  credit to the  Borrower
without interest (but with any interest so refunded or credited),  provided
that the  Borrower,  upon the request of such  Lender,  the  Administrative
Agent, agrees to return such refund or credit (plus penalties,  interest or
other charges) to such Lender or the Administrative Agent in the event such
Lender or the  Administrative  Agent is  required  to repay such  refund or
credit.  Nothing  in this  Section  4.06 (c)  shall  oblige  any  Lender to
disclose to the Borrower or any other person any information  regarding its
tax affairs or tax  computations  or interfere with the right of any Lender
to arrange its tax affairs in whatever manner it thinks fit.

(d) Lender Statements.

(i) Each Lender  represents  that it is either (1) a corporation or banking
association organized under the laws of the United States of America or any
state  thereof or (2) it is  entitled  to  complete  exemption  from United
States  withholding  tax  imposed  on or  with  respect  to  any  payments,
including  fees,  to be made to it pursuant to this  Agreement (A) under an
applicable  provision  of a tax  convention  to which the United  States of
America is a party or (B) because it is acting through a branch,  agency or
office in the United States of America and any payment to be received by it
hereunder is  effectively  connected with a trade or business in the United
States  of  America.  Each  Lender  that is not a  corporation  or  banking
association organized under the laws of the United States of America or any
state  thereof  agrees to provide to the  Borrower  and the  Administrative
Agent on the Closing Date, or on the date of its delivery of the Assignment
pursuant to which it becomes a Lender,  and at such other times as required
by United States law or as the Borrower or the  Administrative  Agent shall
reasonably  request,  two accurate and complete  original  signed copies of
either  (A)  Internal  Revenue  Service  Form  W-8ECI (or  successor  form)
certifying that all payments to be made to it hereunder will be effectively
connected  to  a  United   States  trade  or  business  (the  "Form  W-8ECI
Certification")  or (B) Internal  Revenue Service Form W-8BEN (or successor
form) certifying that it is entitled to the benefit of a provision of a tax
convention  to  which  the  United  States  of  America  is a  party  which
completely  exempts from United States  withholding  tax all payments to be
made to it hereunder (the "Form W-8BEN  Certification").  In addition, each
Lender agrees that if it previously filed a Form W-8ECI  Certification,  it
will deliver to the Borrower and the Administrative Agent a new Form W-8ECI
Certification  prior to the first  payment  date  occurring  in each of its
subsequent  taxable  years;  and  if it  previously  filed  a  Form  W-8BEN
Certification, it will deliver to the Borrower and the Administrative Agent
a new  certification  prior to the first  payment date falling in the third
year following the previous filing of such certification.  Each Lender also
agrees to deliver to the Borrower and the  Administrative  Agent such other
or supplemental forms as may at any time be required as a result of changes
in  applicable  law or regulation in order to confirm or maintain in effect
its  entitlement  to exemption  from United States  withholding  tax on any
payments  hereunder,  provided that the circumstances of such Lender at the
relevant  time  and  applicable  laws  permit  it to  do  so.  If a  Lender
determines,  as a  result  of  any  change  in  either  (i) a  Governmental
Requirement or (ii) its circumstances, that it is unable to submit any form
or  certificate  that it is  obligated  to submit  pursuant to this Section
4.06,  or that it is  required  to  withdraw  or  cancel  any such  form or
certificate previously submitted, it shall promptly notify the Borrower and
the  Administrative  Agent of such fact; and, if as a result of such change
the  Borrower is required  to pay or  reimburse  such Lender for any United
States  withholding tax with respect to any payments,  including fees, made
pursuant  to this  Agreement,  the  Borrower  shall  have  the  right  with
assistance  of the  Administrative  Agent,  to seek a  mutually  acceptable
Lender or Lenders to purchase the Notes and assume the  Commitments of such
Lender.  If a Lender is organized under the laws of a jurisdiction  outside
the United  States of America,  unless the Borrower and the  Administrative
Agent  have   received  a  Form   W-8BEN   Certification   or  Form  W-8ECI
Certification  satisfactory to them indicating that all payments to be made
to such Lender hereunder are not subject to United States  withholding tax,
the Borrower  shall  withhold  taxes from such  payments at the  applicable
statutory  rate.  Each Lender  agrees to  indemnify  and hold  harmless the
Borrower or  Administrative  Agent,  as applicable,  from any United States
taxes, penalties, interest and other expenses, costs and losses incurred or
payable  by (i) the  Administrative  Agent  as a  result  of such  Lender's
failure to submit any form or  certificate  that it is  required to provide
pursuant to this Section  4.06 or (ii) the  Borrower or the  Administrative
Agent as a result of their reliance on any such form or  certificate  which
such Lender has provided to them pursuant to this Section 4.06.

(ii) For any  period  with  respect to which a Lender has failed to provide
the Borrower with the form required  pursuant to this Section 4.06, if any,
(other  than  if  such  failure  is  due  to a  change  in  a  Governmental
Requirement occurring subsequent to the date on which a form originally was
required  to  be   provided),   such  Lender   shall  not  be  entitled  to
indemnification  under  Section 4.06 with  respect to taxes  imposed by the
United  States which taxes would not have been imposed but for such failure
to provide such forms;  provided,  however,  that should a Lender, which is
otherwise  exempt  from or subject  to a reduced  rate of  withholding  tax
becomes  subject to taxes because of its failure to deliver a form required
hereunder,  the  Borrower  shall  take  such  steps  as such  Lender  shall
reasonably request to assist such Lender to recover such taxes.

(iii) Any Lender claiming any additional  amounts payable  pursuant to this
Section  4.06  shall use  reasonable  efforts  (consistent  with  legal and
regulatory  restrictions) to file any certificate or document  requested by
the Borrower or the  Administrative  Agent or to change the jurisdiction of
its  Applicable  Lending Office or to contest any tax imposed if the making
of such a filing or change or contesting  such tax would avoid the need for
or reduce the amount of any such  additional  amounts  that may  thereafter
accrue  and  would  not,  in the  sole  determination  of such  Lender,  be
otherwise disadvantageous to such Lender.

(iv) Each of the  Lenders  represents  that it in good faith is not relying
upon any  "margin  stock"  (as  defined  in  Regulation  U of the  Board of
Governors of the Federal  Reserve System) as collateral in the extension or
maintenance of the credit provided for in this Agreement.

(v) Each of the Lenders represents that it is its present intention to make
its Loans and to  acquire  the Notes to its order for its own  account as a
result of making Loans in the  ordinary  course of its  commercial  banking
business  and not with a view to the  public  distribution  or public  sale
thereof; subject,  nonetheless,  to any legal or administrative requirement
that the  disposition of such Lender's  property at all times be within its
control.

ARTICLE V.........

                              CAPITAL ADEQUACY

Section 5.01......Additional Costs.

(a)  Eurodollar  Regulations,  etc. The Borrower shall pay directly to each
Lender from time to time such  amounts as such Lender may  determine  to be
necessary to compensate  such Lender for any costs which it determines  are
attributable  to its making or maintaining  of any Eurodollar  Loans or its
obligation to make any such Loans or any reduction in any amount receivable
by such Lender hereunder in respect of any of such Loans or such obligation
(such increases in costs and reductions in amounts  receivable being herein
called "Additional Costs"), resulting from any Regulatory Change which: (i)
changes the basis of taxation of any amounts  payable to such Lender  under
this  Agreement  or any Note in respect of any of such  Loans  (other  than
taxes imposed on the overall net income of such Lender or of its Applicable
Lending  Office  for any of such  Loans by the  jurisdiction  in which such
Lender has its  principal  office or  Applicable  Lending  Office;  or (ii)
imposes or modifies any reserve,  special deposit, minimum capital, capital
ratio or similar requirements relating to any extensions of credit or other
assets of, or any deposits with or other liabilities of such Lender, or the
Commitment or Loans of such Lender or the Eurodollar  interbank  market; or
(iii) imposes any other condition  affecting this Agreement or any Note (or
any  of  such  extensions  of  credit  or  liabilities)  or  such  Lender's
Commitment or Loans. Each Lender will notify the  Administrative  Agent and
the  Borrower  of any event  occurring  after the  Closing  Date which will
entitle  such  Lender to  compensation  pursuant  to this  Section  5.01 as
promptly as practicable  after it obtains  knowledge thereof and determines
to request such  compensation,  and will  designate a different  Applicable
Lending Office for the Loans of such Lender  affected by such event if such
designation  will  avoid  the need for,  or  reduce  the  amount  of,  such
compensation  and  will  not,  in the  sole  opinion  of  such  Lender,  be
disadvantageous  to such  Lender,  provided  that such Lender shall have no
obligation  to so designate an  Applicable  Lending  Office  located in the
United States. If any Lender requests  compensation from the Borrower under
this Section 5.01(a),  the Borrower may, by notice to such Lender,  suspend
the  obligation  of such Lender to make  additional  Loans of the Type with
respect to which such compensation is requested until the Regulatory Change
giving  rise to such  request  ceases  to be in effect  (in which  case the
provisions of Section 5.04 shall be applicable).

(b)  Regulatory  Change.  Without  limiting the effect of the provisions of
Section 5.01(a),  in the event that, by reason of any Regulatory  Change or
any other  circumstances  arising  after the Closing  Date  affecting  such
Lender,  the Eurodollar  interbank market or such Lender's position in such
market,  any Lender either (i) incurs Additional Costs based on or measured
by the  excess  above a  specified  level of the  amount of a  category  of
deposits or other  liabilities  of such Lender which  includes  deposits by
reference to which the interest rate on  Eurodollar  Loans is determined as
provided in this  Agreement or a category of  extensions of credit or other
assets of such  Lender  which  includes  Eurodollar  Loans or (ii)  becomes
subject to  restrictions on the amount of such a category of liabilities or
assets which it may hold,  then,  if such Lender so elects by notice to the
Borrower, the obligation of such Lender to make additional Eurodollar Loans
shall be  suspended  until such  Regulatory  Change or other  circumstances
ceases to be in effect (in which case the  provisions of Section 5.04 shall
be applicable).

(c)  Capital  Adequacy.  Without  limiting  the  effect  of  the  foregoing
provisions  of this Section 5.01 (but  without  duplication),  the Borrower
shall pay  directly to any Lender from time to time on request such amounts
as such Lender may reasonably  determine to be necessary to compensate such
Lender or its parent or holding  company for any costs which it  determines
are attributable to the maintenance by such Lender or its parent or holding
company (or any Applicable  Lending  Office),  pursuant to any Governmental
Requirement  following any Regulatory  Change, of capital in respect of its
Commitment,  its Notes, its Loans or its Letters of Credit participated in,
such compensation to include,  without  limitation,  an amount equal to any
reduction  of the rate of return on assets or equity of such  Lender or its
parent or holding  company (or any  Applicable  Lending  Office) to a level
below  that which such  Lender or its  parent or  holding  company  (or any
Applicable  Lending  Office) could have achieved but for such  Governmental
Requirement.  Such Lender will notify the  Borrower  that it is entitled to
compensation  pursuant to this Section  5.01(c) as promptly as  practicable
after it determines to request such compensation.

(d)  Compensation  Procedure.  Any Lender  notifying  the  Borrower  of the
incurrence of Additional Costs under this Section 5.01 shall in such notice
to the Borrower and the Administrative Agent set forth in reasonable detail
the basis and amount of its request for  compensation.  Determinations  and
allocations  by each Lender for purposes of this Section 5.01 of the effect
of any  Regulatory  Change  pursuant  to Section  5.01(a) or (b), or of the
effect of capital maintained  pursuant to Section 5.01(c),  on its costs or
rate of return of maintaining  Loans or its obligation to make Loans, or on
amounts  receivable by it in respect of Loans,  and of the amounts required
to compensate such Lender under this Section 5.01,  shall,  absent manifest
error,  be  conclusive  and binding for all  purposes,  provided  that such
determinations  and allocations are made on a reasonable basis. Any request
for  additional  compensation  under this Section 5.01 shall be paid by the
Borrower  within  thirty  (30) days of the  receipt by the  Borrower of the
notice described in this Section 5.01(d).

(e)  Replacement  of Bank.  If any Lender has demanded  compensation  under
Section  5.01(c),  the Borrower shall have the right (so long as no Default
or Event of  Default  shall be in  existence)  with the  assistance  of the
Administrative  Agent, to seek a Lender or Lenders  mutually  acceptable to
the Borrower and the Administrative  Agent to purchase the Notes and assume
the Commitments of such Lender.

Section  5.02......Limitation  on Eurodollar Loans.  Anything herein to the
contrary  notwithstanding,  if,  on or  prior to the  determination  of any
Eurodollar Rate for any Interest Period:

(a) the  Administrative  Agent  determines  (which  determination  shall be
conclusive,  absent  manifest  error) that quotations of interest rates for
the relevant deposits  referred to in the definition of "Eurodollar  Rate,"
as the case may be, in Section 1.02 are not being  provided in the relevant
amounts or for the relevant maturities for purposes of determining rates of
interest for Eurodollar Loans as provided herein; or

(b) the  Administrative  Agent  determines  (which  determination  shall be
conclusive,  absent  manifest  error) that the  relevant  rates of interest
referred to in the definition of "Eurodollar  Rate," as the case may be, in
Section  1.02 upon the basis of which the rate of interest  for  Eurodollar
Loans for such Interest  Period is to be determined  are not  sufficient to
adequately  cover  the  cost  to  the  Lenders  of  making  or  maintaining
Eurodollar Loans;

then the  Administrative  Agent  shall  give  the  Borrower  prompt  notice
thereof, and so long as such condition remains in effect, the Lenders shall
be under no obligation to make additional Eurodollar Loans.

Section  5.03......Illegality.  Notwithstanding any other provision of this
Agreement,  in the event  that it  becomes  unlawful  for any Lender or its
Applicable  Lending  Office to honor  its  obligation  to make or  maintain
Eurodollar  Loans  hereunder,  then such Lender shall  promptly  notify the
Borrower  thereof and such  Lender's  obligation to make  Eurodollar  Loans
shall be  suspended  until  such time as such  Lender  may  again  make and
maintain  Eurodollar  Loans (in which case the  provisions  of Section 5.04
shall be applicable).

Section  5.04......Base Rate Loans. If the obligation of any Lender to make
Eurodollar Loans shall be suspended pursuant to Sections 5.01, 5.02 or 5.03
("Affected  Loans"),  all Affected  Loans which would  otherwise be made by
such  Lender  shall be made  instead as Base Rate Loans  (and,  if an event
referred to in Section 5.01(b) or Section 5.03 has occurred and such Lender
so requests by notice to the  Borrower,  all Affected  Loans of such Lender
then outstanding  shall be automatically  converted into Base Rate Loans on
the date  specified  by such Lender in such notice) and, to the extent that
Affected  Loans are so made as (or  converted  into) Base Rate  Loans,  all
payments of principal  which would  otherwise  be applied to such  Lender's
Affected Loans shall be applied instead to its Base Rate Loans.

Section  5.05......Compensation.  The  Borrower  shall  pay to each  Lender
within thirty (30) days of receipt of written request of such Lender (which
request shall set forth,  in reasonable  detail,  the basis for  requesting
such amounts and which shall be  conclusive  and binding,  absent  manifest
error,  for all purposes  provided that such  determinations  are made on a
reasonable  basis),  such amount or amounts as shall  compensate it for any
loss,  cost,   expense  or  liability  which  such  Lender  determines  are
attributable to:

(a) any payment,  prepayment or  conversion  of a Eurodollar  Loan properly
made by such  Lender or the  Borrower  for any reason  (including,  without
limitation,  the  acceleration of the Loans pursuant to Section 10.02) on a
date other than the last day of the Interest Period for such Loan; or

(b) any failure by the Borrower for any reason  (including  but not limited
to, the failure of any of the conditions  precedent specified in Article VI
to be satisfied) to borrow, continue or convert a Eurodollar Loan from such
Lender on the date for such borrowing, continuation or conversion specified
in the relevant notice given pursuant to Section 2.02(c).

Without limiting the effect of the preceding  sentence,  such  compensation
shall  include an amount equal to the excess,  if any, of (i) the amount of
interest which would have accrued on the principal amount so paid,  prepaid
or converted or not borrowed for the period from the date of such  payment,
prepayment  or  conversion  or  failure  to  borrow  to the last day of the
Interest Period for such Loan (or, in the case of a failure to borrow,  the
Interest  Period  for such Loan  which  would  have  commenced  on the date
specified for such  borrowing) at the applicable  rate of interest for such
Loan  provided  for herein over (ii) the  interest  component of the amount
such  Lender  would  have bid in the  London  interbank  market  for Dollar
deposits of leading banks in amounts  comparable to such  principal  amount
and with maturities  comparable to such period (as reasonably determined by
such Lender).

ARTICLE VI........

                            CONDITIONS PRECEDENT

Section  6.01......Closing  and  Initial  Funding.  The  obligation  of the
Lenders to make the  Initial  Funding or issue any Letters of Credit on the
Closing Date (if any) is subject to the  following:  (a) the receipt by the
Administrative  Agent  and the  Lenders  of all fees  payable  pursuant  to
Section 2.05 and all fees payable  pursuant to the Fee Letter;  (b) that no
material adverse change shall have occurred since September 30, 2003 in the
financial  position or the results of  operation  of the  Borrower  and its
Subsidiaries  taken as a whole or the facts and  information  regarding the
Borrower  and its  Subsidiaries  represented  to the  Lenders  prior to the
Closing Date and the satisfaction of the other conditions  provided in this
Section 6.01,  (c) the  termination  on the Effective  Date of the Existing
Agreement and the repayment by the Borrower of all amounts due and owing to
the Existing Lenders under the Existing  Agreement,  and (d) the receipt by
the Administrative Agent of the following documents, each of which shall be
reasonably satisfactory to the Administrative Agent in form and substance:

(i) Executed counterparts of this Agreement.

(ii) A  certificate  of the  Secretary  or an  Assistant  Secretary  of the
Borrower  setting  forth (A)  resolutions  of its board of  directors  with
respect to the  authorization  of the  Borrower to execute and deliver this
Agreement and the Notes and to enter into the transactions  contemplated in
those documents, (B) the officers of the Borrower (I) who are authorized to
sign this  Agreement  and the Notes and (II) who will,  until  replaced  by
another  officer or officers duly  authorized for that purpose,  act as its
representative for the purposes of signing documents and giving notices and
other communications in connection with this Agreement and the transactions
contemplated  hereby, (C) specimen  signatures of the Authorized  Officers,
and (D) the  articles or  certificate  of  incorporation  and bylaws of the
Borrower,  certified as being true and complete.  The Administrative  Agent
and  the  Lenders  may  conclusively  rely on such  certificate  until  the
Administrative  Agent  receives  notice in writing from the Borrower to the
contrary.

(iii)  Certificates  of the  Secretary  of  State  of the  Commonwealth  of
Kentucky with respect to the existence,  qualification and good standing of
the Borrower.

(iv) A compliance  certificate  which shall be substantially in the form of
Exhibit C, duly and properly  executed by a Financial  Officer and dated as
of the Effective Date.

(v) Notes duly completed and executed.

(vi) An opinion of  Borrower's  senior  in-house  counsel,  at or above the
Senior  Counsel  level  or  other  counsel  for  the  Borrower   reasonably
satisfactory  to the  Administrative  Agent,  substantially  in the form of
Exhibit D hereto.

(vii) Such other  documents  as the  Administrative  Agent or any Lender or
special counsel to the Administrative Agent may reasonably request.

Section  6.02......Initial  and Subsequent Loans and Letters of Credit. The
obligation  of the Lenders to make any Loans or issue any Letters of Credit
to the Borrower upon the occasion of each  borrowing  hereunder  (including
the Initial  Funding and any  continuation  and  conversion  under  Section
2.02(d) or (e)) is subject to the further conditions  precedent that, as of
the date of such  Loans and after  giving  effect  thereto:  (a) no Default
shall have occurred and be continuing; (b) no Material Adverse Effect shall
have  occurred;  and (c) the  representations  and  warranties  made by the
Borrower  in Article  VII shall be true on and as of the date of the making
of such Loans or the  issuance  of any Letter of Credit with the same force
and  effect  as if made on and as of  such  date  and  following  such  new
borrowing, except to (I) the extent such representations and warranties are
expressly  limited to an earlier date, (II) the Majority Lenders  expressly
consent in writing to the contrary and (III) provided, that with respect to
a new Loan or Letter of Credit  pursuant to a  continuation  or  conversion
under Section 2.02(d) or (e), it shall not be a condition precedent to such
Loan that  Section  7.02 or 7.03 be true and correct as of the date of such
Loan or Letter of Credit.  Each request for a borrowing  and each  Issuance
Request by the Borrower  hereunder shall  constitute a certification by the
Borrower to the effect set forth in the preceding  sentence (both as of the
date of such  notice  and,  unless  the  Borrower  otherwise  notifies  the
Administrative  Agent prior to the date of and  immediately  following such
borrowing or issuance of Letter of Credit as of the date thereof).

ARTICLE VII.......

                       REPRESENTATIONS AND WARRANTIES

         The Borrower  represents and warrants to the Administrative  Agent
and the Lenders that (each  representation  and warranty herein is given as
of the Closing  Date and shall be deemed  repeated  and  reaffirmed  on the
dates of each borrowing as provided in Section 6.02):

Section 7.01......Existence. The Borrower: (a) is duly organized or formed,
legally existing and in good standing, if applicable, under the laws of the
jurisdiction  of its formation;  (b) has all requisite  power,  and has all
material  governmental  licenses,  authorizations,  consents and  approvals
necessary  to own its assets and carry on its  business  as now being or as
proposed  to be  conducted;  and (c) is  qualified  to do  business  in all
jurisdictions  in which the nature of the  business  conducted  by it makes
such  qualification  necessary and where failure so to qualify would have a
Material Adverse Effect.

Section  7.02......Financial  Condition.  The audited  Consolidated balance
sheet of the Borrower and its Subsidiaries as at September 30, 2003 and the
related Consolidated  statements of income, common stockholders' equity and
cash flows of the Borrower and its  Subsidiaries  for the fiscal year ended
on said date,  with the  opinion  thereon  of Ernst & Young LLP  heretofore
furnished  to  each  of  the  Lenders  on  Form  10-K,  and  the  unaudited
Consolidated  balance  sheet of the  Borrower  and its  Subsidiaries  as at
December 31, 2003 and the related Consolidated statements of income, common
stockholders'  equity and cash flows of the Borrower  and its  Subsidiaries
for the three month period ended on such date  heretofore  furnished to the
Administrative   Agent  on  Form  10-Q,  fairly  present  the  Consolidated
financial  position of the Borrower and its  Subsidiaries  as at said dates
and the  Consolidated  results of their  operations for the fiscal year and
the three month periods ended on said dates,  all in accordance  with GAAP.
Since September 30, 2003, there has been no Material Adverse Effect.

Section  7.03......Litigation.  Except  as  disclosed  to  the  Lenders  in
Schedule 7.03 hereto,  there is no  litigation,  legal,  administrative  or
arbitral  proceeding,  investigation  or other action of any nature pending
or, to the  knowledge of the Borrower  threatened  against or affecting the
Borrower or any  Subsidiary the probable  outcome of which would  adversely
affect the  validity  or  enforceability  of this  Agreement  or any of the
Notes, or would have a Material Adverse Effect.

Section  7.04......No  Breach.  Neither the  execution and delivery of this
Agreement  and the  Notes,  nor  compliance  with the terms and  provisions
hereof will  conflict with or result in a breach of, or require any consent
which has not been  obtained as of the Closing Date under,  the  respective
Third Restated  Articles of  Incorporation  or by-laws of the Borrower,  as
amended, or any Governmental Requirement or any indenture or loan or credit
agreement  or any  other  material  agreement  or  instrument  to which the
Borrower  is a  party  or by  which  it is  bound  or to  which  it or  its
Properties are subject,  or constitute a default under any such  indenture,
agreement or instrument which would materially adversely affect the ability
of the Borrower to perform its  obligations  under this Agreement or result
in the  creation  or  imposition  of any Lien upon any of the  revenues  or
assets of the Borrower or any Subsidiary  pursuant to the terms of any such
agreement or instrument.

Section  7.05......Authority.  The  Borrower  has all  necessary  power and
authority to execute,  deliver and perform its  obligations  hereunder  and
under  the  Notes;  and the  execution,  delivery  and  performance  by the
Borrower of this Agreement and the Notes,  have been duly authorized by all
necessary  action on its part; and this Agreement and the Notes  constitute
the legal,  valid and binding  obligations of the Borrower,  enforceable in
accordance  with their terms except as limited by  bankruptcy,  insolvency,
reorganization,  moratorium  or other  similar laws of general  application
relating  to or  affecting  creditor's  rights and  general  principles  of
equity.

Section   7.06......Approvals.   Except   as   have   been   obtained,   no
authorizations,  approvals or consents of, and no filings or  registrations
with, any Governmental Authority are necessary for the execution,  delivery
or  performance  by the Borrower of this  Agreement or the Notes or for the
validity or enforceability thereof.

Section  7.07......Use of Loans and Letters of Credit.  The proceeds of the
Loans and the Letters of Credit shall be used for general working  capital,
capital  expenditures  and  other  general  corporate  purposes,  including
without limitation, to support insurance requirements.  The Borrower is not
engaged principally, or as one of its important activities, in the business
of  extending  credit for the purpose,  whether  immediate,  incidental  or
ultimate,  of buying or  carrying  margin  stock  (within  the  meaning  of
Regulation  G, U or X of the  Board of  Governors  of the  Federal  Reserve
System), as they may be amended or interpreted from time to time.

Section 7.08......ERISA.

(a) The Borrower, each Subsidiary and each ERISA Affiliate have complied in
all material respects with ERISA and, where applicable,  the Code regarding
each Plan.

(b) Each Plan is, and has been,  maintained in substantial  compliance with
ERISA and, where applicable, the Code.

(c) No act,  omission or  transaction  has  occurred  which could result in
imposition on the Borrower,  any Subsidiary or any ERISA Affiliate (whether
directly or indirectly) of (i) either a civil penalty assessed  pursuant to
section 502(c), (i) or (l) of ERISA or a tax imposed pursuant to Chapter 43
of  Subtitle  D of the Code or (ii)  breach  of  fiduciary  duty  liability
damages under  section 409 of ERISA,  either of which would have a Material
Adverse Effect.

(d) No  liability  to the PBGC  (other  than  for the  payment  of  current
premiums  which are not past due) by the  Borrower,  any  Subsidiary or any
ERISA Affiliate has been or is expected by the Borrower,  any Subsidiary or
any ERISA Affiliate to be incurred with respect to any Plan. No ERISA Event
with respect to any Plan has occurred.

(e) Full payment when due has been made of all amounts  which the Borrower,
any  Subsidiary or any ERISA  Affiliate is required under the terms of each
Plan or applicable law to have paid as  contributions  to such Plan, and no
accumulated  funding  deficiency  (as  defined in section  302 of ERISA and
section 412 of the Code), whether or not waived, exists with respect to any
Plan.

(f) No Pension Plan has any Unfunded Pension Liability.

(g) None of the Borrower,  any Subsidiary or any ERISA Affiliate  sponsors,
maintains,  or contributes to an employee  welfare benefit plan, as defined
in section  3(1) of ERISA,  including,  without  limitation,  any such plan
maintained to provide benefits to former  employees of such entities,  that
may not be terminated by the Borrower,  a Subsidiary or any ERISA Affiliate
in its sole discretion at any time without any material liability.

(h) None of the Borrower,  any Subsidiary or any ERISA Affiliate  sponsors,
maintains  or  contributes  to, or has at any time in the  six-year  period
preceding the date of this Agreement  sponsored,  maintained or contributed
to,  any  Multiemployer  Plan  other than  those  listed on  Schedule  7.08
attached hereto. Prior to the execution of this Agreement, the Borrower has
furnished to the Majority Lenders with respect to each  Multiemployer  Plan
listed  on  Schedule  7.08  hereto  (i) a true and  substantially  complete
listing  of the  contributions  required  to be made by the  Borrower,  the
Subsidiaries and all ERISA Affiliates to such  Multiemployer  Plan for each
of the five calendar years preceding the date of this  Agreement,  and (ii)
true and complete copies of all information  which has been provided to any
of the Borrower,  a Subsidiary or any ERISA Affiliate regarding assessed or
potential withdrawal liability under any such Multiemployer Plan.

Section  7.09......Taxes.  Except as set out in Schedule 7.09,  each of the
Borrower and the  Subsidiaries  has filed all United States  Federal income
tax  returns and all other tax  returns  which are  required to be filed by
them and,  except for taxes which are being contested in good faith through
appropriate  proceedings,  have  paid  all  taxes  due on such  returns  or
pursuant to any assessment received by the Borrower or any Subsidiary.  The
charges,  accruals  and  reserves  on the  books  of the  Borrower  and the
Subsidiaries  in  respect  of taxes are,  in the  opinion of the  Borrower,
adequate. No tax lien has been filed and, to the knowledge of the Borrower,
no claim is being  asserted  with respect to any tax, fee or other  charge,
except for those for which adequate reserves have been provided.

Section  7.10......No  Material  Misstatements.   No  written  information,
statement,  exhibit,  certificate,  document  or  report  furnished  to the
Administrative  Agent and the Lenders  (or any of them) by the  Borrower in
connection  with the  negotiation of this Agreement  contained any material
misstatement  of fact or  omitted  to  state a  material  fact or any  fact
necessary to make the statement contained therein not materially misleading
in the light of the  circumstances  in which  made and with  respect to the
Borrower and the Subsidiaries  taken as a whole.  There is no fact peculiar
to the Borrower or any Substantial  Subsidiary which has a Material Adverse
Effect  or in the  future  is  reasonably  likely  to  have  (so far as the
Borrower can now foresee) a Material  Adverse Effect and which has not been
set  forth in this  Agreement  or the  other  documents,  certificates  and
statements  furnished  to the  Administrative  Agent by or on behalf of the
Borrower or any Subsidiary  prior to, or on, the Closing Date in connection
with the transactions contemplated hereby.

Section   7.11......Investment   Company   Act.  The  Borrower  is  not  an
"investment company" or a company "controlled" by an "investment  company,"
within the meaning of the Investment Company Act of 1940, as amended.

Section 7.12......Public Utility Holding Company Act. The Borrower is not a
"holding company," or a "subsidiary  company" of a "holding company," or an
"affiliate"  of a  "holding  company"  or of a  "subsidiary  company"  of a
"holding  company," or a "public  utility" within the meaning of the Public
Utility Holding Company Act of 1935, as amended.

Section 7.13......Defaults.  No Default hereunder has occurred and is
continuing.

Section 7.14......Environmental Matters. Except (a) as provided in Schedule
7.14 or (b) as would not have a Material Adverse Effect (or with respect to
(iii), (iv) and (v) below, where the failure to take such actions would not
have a Material Adverse Effect):

(i)  Neither  any  Property  of the  Borrower  or any  Subsidiary  nor  the
operations  conducted thereon violate any order or requirement of any court
or Governmental Authority or any Environmental Laws;

(ii) Without limitation of clause (a) above, no Property of the Borrower or
any Subsidiary nor the operations  currently  conducted  thereon or, to the
best  knowledge  of the  Borrower,  by any prior  owner or operator of such
Property  or  operation,  are in  violation  of or  subject  to  any  known
existing,  pending or threatened action,  suit,  investigation,  inquiry or
proceeding  by or before  any  court or  Governmental  Authority  or to any
remedial obligations under Environmental Laws;

(iii) To the best knowledge of the Borrower, all notices, permits, licenses
or similar  authorizations,  if any,  required  to be  obtained or filed in
connection  with  the  operation  or use of any  and  all  Property  of the
Borrower and each Subsidiary,  including without limitation past or present
treatment,  storage,  disposal or release of a hazardous substance or solid
waste  into the  environment,  have been duly  obtained  or filed,  and the
Borrower  and  each  Subsidiary  are  in  compliance  with  the  terms  and
conditions   of  all  such   notices,   permits,   licenses   and   similar
authorizations;

(iv) All hazardous substances and solid waste, if any, generated at any and
all  Property  of the  Borrower  or any  Subsidiary  have in the past  been
transported,  treated and  disposed of in  accordance  with the  applicable
Environmental  Laws,  and, to the best knowledge of the Borrower,  all such
transport carriers and treatment and disposal  facilities have been and are
operating in compliance with  Environmental Laws and are not the subject of
any known existing, pending or threatened action,  investigation or inquiry
by any Governmental Authority in connection with any Environmental Laws;

(v) To the  extent  applicable,  all  Property  of the  Borrower  and  each
Subsidiary  currently  satisfies  all  applicable  design,  operation,  and
equipment  requirements  imposed by the OPA or  scheduled as of the Closing
Date to be  imposed  by OPA  during  the  term of this  Agreement,  and the
Borrower  does not have any reason to believe  that such  Property,  to the
extent subject to OPA, will not be able to maintain compliance with the OPA
requirements during the term of this Agreement; and

(vi)  Neither the  Borrower  nor any  Subsidiary  has any known  contingent
liability in connection with any release of any oil, hazardous substance or
solid waste into the  environment.  For  purposes of this  clause  (vi),  a
liability  shall be  deemed  contingent  when it rises to a level  where it
should be reported in  footnotes or  otherwise  in  financials  prepared in
accordance with GAAP or in appropriate filings with the SEC.

Section  7.15......Insurance.  The Borrower and each  Subsidiary  maintains
adequate  insurance and/or self insurance coverage in at least such amounts
and  against  at least  such  risks  (but  including  in any  event  public
liability) as are usually insured against by companies  engaged in the same
or a similar business, similarly situated, for the assets and operations of
the   Borrower  and  each   Subsidiary   including,   without   limitation,
environmental risk insurance to the extent reasonably necessary.

Section 7.16......Reportable  Transaction.  Neither the Borrower nor any of
its  Subsidiaries  expects to identify  one or more of the Loans under this
Agreement  as a  "reportable  transaction"  on IRS Form 8886 filed with the
U.S. tax returns for purposes of Section 6011,  6111 or 6112 of the Code or
the Treasury Regulations promulgated thereunder.

ARTICLE VIII......

                           AFFIRMATIVE COVENANTS

         The  Borrower  covenants  and agrees  that,  so long as any of the
Commitments  are in effect and until  payment  in full of all  Indebtedness
hereunder,  all  interest  thereon  and all other  amounts  payable  by the
Borrower hereunder:

Section  8.01......Reporting  Requirements.  The Borrower shall deliver, or
shall cause to be delivered,  to the Administrative  Agent, the Lenders and
each Issuer:

(a) Annual  Financial  Statements.  As soon as  available  and in any event
within  120  days  after  the end of  each  fiscal  year  of the  Borrower,
financial   statements   prepared  in  accordance  with  GAAP.  The  annual
statements shall be audited by independent  auditors of recognized national
standing acceptable to the Administrative  Agent and shall include a report
of the  independent  auditors  stating that in their opinion such financial
statements  present  fairly,  in all material  respects,  the  Consolidated
financial  position of the Borrower and its  Consolidated  subsidiaries and
the Consolidated  results of their operations and their  Consolidated  cash
flows for the respective  years, in conformity  with accounting  principles
generally  accepted in the United States.  In addition,  such opinion shall
not contain a "going concern" or like qualification or exception.

(b) Quarterly Financial  Statements.  As soon as available and in any event
within 60 days after the end of each of the first  three  fiscal  quarterly
periods of each fiscal year of the  Borrower,  Consolidated  statements  of
income,  common stockholders' equity and cash flows of the Borrower and its
Consolidated  Subsidiaries  for  the  period  from  the  beginning  of  the
respective  fiscal  year  to the  end  of  such  period,  and  the  related
Consolidated balance sheets as at the end of such period, and setting forth
in  each  case  in  comparative  form  the  corresponding  figures  for the
corresponding  period in the  preceding  fiscal  year,  accompanied  by the
certificate of a Financial Officer, which certificate shall state that said
financial statements fairly present the Consolidated financial position and
results of operations  and cash flows of the Borrower and its  Consolidated
Subsidiaries  in  accordance  with GAAP,  as at the end of,  and for,  such
period (subject to normal year-end audit adjustments).

(c) Notice of Default,  Etc.  Promptly  after the  Borrower  knows that any
Default  or any  Material  Adverse  Effect has  occurred,  a notice of such
Default or  Material  Adverse  Effect,  describing  the same in  reasonable
detail and the action the Borrower proposes to take with respect thereto.

(d) SEC Filings,  Etc. Promptly upon its becoming available,  (i) each Form
10K,  Form 10Q and  Form 8K,  filed  by the  Borrower  with any  securities
exchange or the SEC or any successor  agency and (ii) notice to each Lender
of the availability of each registration statement (other than registration
statements  on Form S-8 or Form S-3  relating to employee  benefit or stock
option plans) and promptly upon receiving a written request  therefor,  the
Borrower will furnish copies of such  registration  statement to the Lender
submitting the request.

(e)  Environmental  Matters.  Notice  of any  threatened  material  action,
investigation  or  inquiry  by any  Governmental  Authority  of  which  the
Borrower has knowledge,  in connection with any  Environmental  Laws, under
circumstances where such threatened action,  investigation or inquiry could
result in a Material Adverse Effect.

(f) Other Matters.  From time to time such other information  regarding the
business,  affairs or financial condition of the Borrower or any Subsidiary
(including,  without  limitation,  any Plan or  Multiemployer  Plan and any
reports  or other  information  required  to be filed  under  ERISA) as any
Lender, any Issuer or the Administrative Agent may reasonably request.

The Borrower will furnish to the Administrative Agent, the Lenders and each
Issuer, at the time it furnishes each set of financial  statements pursuant
to paragraph (a) or (b) above, a certificate  substantially  in the form of
Exhibit C hereto  executed  by a  Financial  Officer  certifying  as to the
matters set forth therein and stating that such financial  statements  have
been prepared in accordance  with GAAP and that he has no knowledge  that a
Default has occurred and is continuing (or, if any Default has occurred and
is continuing,  describing the same in reasonable detail and the action the
Borrower proposes to take with respect thereto).

Section  8.02......Litigation.  The  Borrower  shall  promptly,  after  the
commencement  thereof,  give to the  Administrative  Agent, the Lenders and
each Issuer notice of all  litigation,  legal,  administrative  or arbitral
proceedings  investigation  or other  action  of any  nature  of this  type
described in Section 7.03 hereof. The Borrower will, and will cause each of
the Subsidiaries to, promptly notify the Administrative  Agent, each of the
Lenders  and each  Issuer of any  judgment  affecting  any  Property of the
Borrower or any  Subsidiary  if the value of the  judgment  affecting  such
Property  shall  exceed  $50,000,000.  Upon  request of the  Administrative
Agent,  any Lender or any Issuer the Borrower will furnish to the Agent and
such  Lender  a list  of any  Liens  on  Property  of the  Borrower  or any
Subsidiary securing an obligation of in excess of $25,000,000.

Section 8.03......Maintenance, Etc.

(a) The  Borrower  shall  and  shall  use its best  efforts  to cause  each
Subsidiary to:  preserve and maintain its existence and all of its material
rights,  privileges and franchises (provided,  however, that nothing herein
contained  shall prevent any merger or  consolidation  permitted by Section
9.03) pay and discharge all taxes,  assessments and governmental charges or
levies  imposed on it or on its income or profits or on any of its Property
prior to the date on which penalties  attach  thereto,  except for any such
tax, assessment,  charge or levy the payment of which is being contested in
good faith and by proper  proceedings  and against which adequate  reserves
are being  maintained or which is not a material  liability of the Borrower
or any  Substantial  Subsidiary in relation to the  Consolidated  financial
condition of the Borrower and Subsidiaries taken as a whole.

(b) The  Borrower  will and will  cause  each  Subsidiary  to  operate  its
Properties  or cause  such  Properties  to be  operated  in a  careful  and
efficient  manner in  accordance  with the practices of the industry and in
material respects in compliance with all material  contracts and agreements
and with all applicable Governmental  Requirements except where the failure
to do so would not  reasonably be expected to result in a Material  Adverse
Effect.

(c) The Borrower  will keep or cause to be kept all property of a character
usually  insured  by  Persons  engaged  in the same or a similar  business,
similarly  situated  against  loss or damage  of all  kinds and in  amounts
customarily  insured against by such Persons and carry such other insurance
as is  usually  carried  by such  Persons  including,  without  limitation,
environmental  risk insurance,  through self insurance or with  financially
sound and reputable insurers.

Section  8.04......Further  Assurances.  The Borrower will and will use its
best efforts to cause each  Subsidiary  to cure promptly any defects in the
creation and issuance of the Notes and the  execution  and delivery of this
Agreement.  The  Borrower at its expense will and will use its best efforts
to  cause  each   Subsidiary  to  promptly   execute  and  deliver  to  the
Administrative Agent upon request all such other documents,  agreements and
instruments as may be reasonably requested to comply with or accomplish the
covenants and agreements of the Borrower or any Subsidiary, as the case may
be, in this Agreement,  or to further  evidence and more fully describe the
collateral  intended as security for the Notes,  or to state more fully the
security obligations set out herein, or to make any recordings, to file any
notices or obtain any consents,  all as may be necessary or  appropriate in
connection therewith.

Section  8.05......Performance  of  Obligations.  The Borrower will pay the
Notes according to the reading,  tenor and effect thereof; and the Borrower
will and  will use its best  efforts  to cause  each  Subsidiary  to do and
perform every act and discharge all of the  obligations to be performed and
discharged  by them under this  Agreement,  at the time or times and in the
manner specified.

Section  8.06......ERISA  Information  and  Compliance.  The Borrower  will
promptly furnish and will cause the Subsidiaries and any ERISA Affiliate to
promptly  furnish  to  the   Administrative   Agent  and  the  Lenders  (a)
immediately  upon becoming aware of the occurrence of any ERISA Event or of
any  "prohibited  transaction,"  as described in section 406 of ERISA or in
section 4975 of the Code, in connection  with any Plan or any trust created
thereunder  that results in a Material  Adverse  Effect,  a written  notice
signed by a Financial  Officer  specifying the nature thereof,  what action
the Borrower,  the Subsidiary or the ERISA  Affiliate is taking or proposes
to take with respect thereto, and, when known, any action taken or proposed
by the Internal Revenue  Service,  the Department of Labor or the PBGC with
respect thereto, (b) immediately upon receipt thereof, copies of any notice
of the PBGC's  intention  to  terminate  or to have a trustee  appointed to
administer  any Plan  (c)  immediately  upon  receipt  of a  notice  from a
Multiemployer  Plan regarding the imposition of withdrawal  liability in an
amount that would constitute a Material Adverse Effect, a true and complete
copy  of such  notice  and  (d)  immediately  upon  becoming  aware  that a
Multiemployer  Plan has been  terminated,  that the  administrator  or plan
sponsor of a Multiemployer Plan intends to terminate a Multiemployer  Plan,
or that the PBGC has instituted or intends to institute  proceedings  under
section 4042 of ERISA to terminate a  Multiemployer  Plan, a written notice
signed by a Financial Officer, specifying the nature of such occurrence and
any other  information  relating thereto requested by the Majority Lenders.
With respect to each Plan (other than a Multiemployer  Plan),  the Borrower
will, and will cause each Subsidiary and ERISA Affiliate to, (i) satisfy in
full  and in a  timely  manner,  without  incurring  any  late  payment  or
underpayment  charge or penalty and without giving rise to any lien, all of
the  contribution  and  funding  requirements  of  section  412 of the Code
(determined  without regard to  subsections  (d), (e), (f) and (k) thereof)
and of section 302 of ERISA (determined without regard to sections 303, 304
and 306 of  ERISA),  and (ii)  pay,  or cause to be paid,  to the PBGC in a
timely manner, without incurring any late payment or underpayment charge or
penalty, all premiums required pursuant to sections 4006 and 4007 of ERISA.

Section  8.07......Compliance  with Laws. The Borrower will, and will cause
each of its Subsidiaries to, comply with the laws,  rules,  regulations and
orders of any  Governmental  Authority  applicable to it or its  Properties
(including,  without  limitation,  Environmental  Laws),  except  where the
failure to do so would not  reasonably  be expected to result in a Material
Adverse Effect.

Section  8.08......Payment of Taxes. The Borrower will, and will cause each
of its Subsidiaries to, pay its Taxes, that, if not paid, could result in a
Material  Adverse  Effect  before the same shall  become  delinquent  or in
default, except where (a) the validity or amount thereof is being contested
in  good  faith  by  appropriate  proceedings,  (b)  the  Borrower  or such
Subsidiary  has set  aside on its  books  adequate  reserves  with  respect
thereto in accordance with GAAP and (c) the failure to make payment pending
such  contest  could not  reasonably  be  expected  to result in a Material
Adverse Effect.

ARTICLE IX........

                             NEGATIVE COVENANTS

         The  Borrower  covenants  and agrees  that,  so long as any of the
Commitments are in effect and until payment in full of Loans hereunder, all
interest  thereon and all other amounts payable by the Borrower  hereunder,
without the prior written consent of the Majority Lenders:

Section  9.01......Liens.  The  Borrower  will not, and will not permit any
Subsidiary  to,  create,  incur,  assume or permit to exist any Lien on any
Property now owned or hereafter owned by it, except:

(a) any Lien on any  property or asset of the  Borrower  or any  Subsidiary
existing on the date hereof;

(b) easements,  rights-of-way, minor defects or irregularities in title and
other similar  encumbrances having no material adverse effect on the use or
value of property or on the conduct of the Borrower's business;

(c)  unexercised  liens for taxes not delinquent or being contested in good
faith by appropriate  proceedings and for which adequate reserves are being
maintained;

(d) mechanics,  suppliers,  materialmen's  and similar liens arising in the
ordinary  course of  business  which are being  contested  in good faith by
appropriate action so long as the execution of such liens has been stayed;

(e)  deposits  to secure  workers'  compensation,  unemployment  insurance,
environmental liabilities and other similar items to the extent required by
applicable law and not securing indebtedness;

(f) Liens on equipment arising from capital leases;

(g) any Lien  existing on any  property  or asset prior to the  acquisition
thereof by the  Borrower or any  Subsidiary  or existing on any property or
asset of any Person that becomes a  Subsidiary  after the date hereof prior
to the time such Person  becomes a Subsidiary;  provided that (i) such Lien
is not created in  contemplation  of or in connection with such acquisition
or such Person  becoming a  Subsidiary,  as the case may be, (ii) such Lien
shall not  apply to any other  property  or assets of the  Borrower  or any
Subsidiary and (iii) such Lien shall secure only those obligations which it
secures on the date of such  acquisition  or the date such Person becomes a
Subsidiary, as the case may be;

(h) Liens on fixed or capital assets  acquired,  constructed or improved by
the Borrower or any Subsidiary;  provided that (i) such security  interests
and the Debt secured  thereby are incurred prior to or within 45 days after
such acquisition or the completion of such  construction or improvement and
(ii) such  security  interests  shall not  apply to any other  property  or
assets of the Borrower or any Subsidiary;

(i) Liens on office buildings and research facilities;

(j) Liens  which  secure  Debt owing by a  Subsidiary  to the  Borrower  or
another Subsidiary;

(k) any  extension,  renewal  or  replacement  (or  successive  extensions,
renewals or replacements), in whole or in part, of any Liens referred to in
the foregoing  clauses (a),  (f), (g), (h), (i) and (j),  provided that the
principal amount of the Debt secured thereby shall not exceed the principal
amount of the Debt so  secured  at the time of such  extension,  renewal or
replacement, and that such extension, renewal or replacement Liens shall be
limited to all or part of substantially the same property which secured the
Liens extended, renewed or replaced (plus improvements on such property);

(l)  Liens on  Excess  Margin  Stock,  if any,  with  Excess  Margin  Stock
determined on the date a Lien on such Excess Margin Stock is affixed;

(m) the entry into indemnity  agreements in connection with the issuance of
surety bonds by one or more insurance  companies at the request of Borrower
or a Subsidiary; and

(n) in addition to the  foregoing,  any other Liens  securing Debt which in
the aggregate amount does not exceed an amount equal to 10% of Consolidated
assets of the  Borrower as at the end of the then most  recently  completed
fiscal quarter as reflected on the financial  statements delivered pursuant
hereto.

Section  9.02......Sales and Leasebacks.  The Borrower will not nor will it
permit  any  Subsidiary  to  enter  into  any   arrangement,   directly  or
indirectly,  with any Person whereby the Borrower or any  Subsidiary  shall
sell or  transfer  any of its  Property,  whether  now  owned or  hereafter
acquired,  and  whereby  the  Borrower  or any  Subsidiary  shall  then  or
thereafter  rent or lease for a period of more than  three  years as lessee
such Property or any part thereof or other  Property  which the Borrower or
any  Subsidiary  intends  to use for  substantially  the  same  purpose  or
purposes as the Property sold or transferred unless either (i) the Borrower
or such Subsidiary would be entitled, pursuant to the provisions of Section
9.01,  to create Debt  secured by a Lien on the  Property to be leased,  or
(ii) the Borrower  (and in any such case the Borrower  covenants and agrees
that it will do so),  within four months after the  effective  date of such
sale  and  lease-back  transaction  (whether  made  by  the  Borrower  or a
Subsidiary),  applies to the retirement of Debt of the Borrower maturing by
the terms  thereof more than one year after the original  creation  thereof
(hereinafter  in this Section  called "Funded Debt") an amount equal to the
greater of (A) the net  proceeds  of the sale of the real  property  leased
pursuant to such  arrangement or (B) the fair value of the real property so
leased at the time of entering into such  arrangement (as determined by the
Borrower's  Board of Directors);  provided that the amount to be applied to
the  retirement  of Funded Debt shall be reduced by an amount  equal to the
principal amount of other Funded Debt  voluntarily  retired by the Borrower
within  such  four-month  period,  excluding  retirements  of  Funded  Debt
pursuant to mandatory  sinking fund or prepayment  provisions or by payment
at maturity.

Section  9.03......Mergers,  Etc. The Borrower shall not merge into or with
or consolidate with any other Person,  or sell, lease or otherwise  dispose
of all or  substantially  all of its Property or assets to any other Person
unless:

(a) such Person assumes the obligations of the Borrower hereunder and under
the Notes and the  performance  of the covenants of the Borrower under this
Agreement in writing  reasonably  satisfactory in form and substance to the
Majority Lenders; and

(b)  immediately  thereafter and after giving effect  thereto,  no Event of
Default shall have occurred and be continuing;

provided,  however, that, notwithstanding the foregoing, the Borrower shall
be permitted to sell,  transfer or otherwise  dispose of its  investment in
MAP and such sale,  transfer or other  disposition  will not be viewed as a
sale of all or substantially all of the Borrower's assets.
Section  9.04......Proceeds  of Notes.  The  Borrower  will not  permit the
proceeds of the Notes to be used for any purpose other than those permitted
by Section  7.07.  Neither the Borrower nor any Person  acting on behalf of
the  Borrower  has taken or will take any  action  which  might  cause this
Agreement  or the  Notes  to  violate  Regulation  G,  U or X or any  other
regulation  of the Board of Governors of the Federal  Reserve  System or to
violate Section 7 of the Securities  Exchange Act of 1934 (as amended,  the
"Exchange Act") or any rule or regulation  thereunder,  in each case as now
in effect or as the same may hereinafter be in effect.

Section 9.05......ERISA Compliance.  The Borrower will not at any time:

(a) Engage in, or permit any  Subsidiary  or ERISA  Affiliate to engage in,
any  transaction in connection  with which the Borrower,  any Subsidiary or
any ERISA Affiliate  could be subjected to either a civil penalty  assessed
pursuant to section 502(c), (i) or (1) of ERISA or a tax imposed by Chapter
43 of Subtitle D of the Code, that would have a Material Adverse Effect;

(b) Terminate,  or permit any  Subsidiary or ERISA  Affiliate to terminate,
any Plan in a manner,  or take any other  action with  respect to any Plan,
which could result in any liability to the Borrower;  any Subsidiary or any
ERISA Affiliate to the PBGC, that would have a Material Adverse Effect;

(c) Fail to make, or permit any  Subsidiary  or ERISA  Affiliate to fail to
make,  full payment when due of all amounts which,  under the provisions of
any Plan or  applicable  law,  the  Borrower,  a  Subsidiary  or any  ERISA
Affiliate is required to pay as contributions thereto;

(d) Permit to exist,  or allow any Subsidiary or ERISA  Affiliate to permit
to exist, any accumulated  funding deficiency within the meaning of Section
302 of ERISA or  section  412 of the  Code,  whether  or not  waived,  with
respect to any Plan;

(e) Permit any Pension Plan to have any  Unfunded  Pension  Liability  that
would result in the violation of any funding requirements under Section 302
of ERISA or Section 412 of the Code;

(f) Acquire,  or permit any  Subsidiary or ERISA  Affiliate to acquire,  an
interest in any Person that causes such Person to become an ERISA Affiliate
with respect to the Borrower, any Subsidiary or any ERISA Affiliate if such
Person at the time of such acquisition, maintains or contributes to (1) any
Multiemployer Plan if the then existing potential  withdrawal  liability of
such Person to such Multiemployer  Plan, if imposed,  would have a Material
Adverse  Effect or (2) any other  Plan that is subject to Title IV of ERISA
if immediately  prior to such  acquisition,  the funded  current  liability
percentage (as defined in section 302(d)(8) of ERISA) of such Plan is below
90% or the Plan  otherwise  fails to satisfy  the  requirements  of section
302(d)(9)(B) of ERISA);

(g)  Incur,  or permit  any  Subsidiary  or ERISA  Affiliate  to  incur,  a
liability to or on account of a Plan under sections 515, 4062,  4063, 4064,
4201 or 4204 of ERISA;

(h) Amend or permit any  Subsidiary  or ERISA  Affiliate  to amend,  a Plan
resulting in an increase in current  liability such that the Borrower,  any
Subsidiary or any ERISA  Affiliate is required to provide  security to such
Plan under section 401(a)(29) of the Code.

Section  9.06......Leverage  Ratio. The Borrower shall not permit the ratio
of  Consolidated  Debt to the sum of  Consolidated  Debt and  Stockholders'
Equity to exceed at any time 60%.

Section  9.07......Transactions  with Affiliates.  Neither the Borrower nor
any  Subsidiary  will  enter  into  any  transaction,   including,  without
limitation,  any  purchase,  sale,  lease or  exchange  of  Property or the
rendering of any service,  with any Affiliate unless such  transactions are
otherwise permitted under this Agreement, are in the ordinary course of its
business and are upon fair and  reasonable  terms no less  favorable to the
Borrower or such  Subsidiary  than it would  obtain in a  comparable  arm's
length transaction with a Person not an Affiliate.

ARTICLE X.........

                        EVENTS OF DEFAULT; REMEDIES

Section 10.01.....Events of Default.  One or more of the following events shall
constitute an "Event of Default":

(a) the Borrower shall default in the payment or prepayment when due of (i)
any  principal  of any Loan or any  Reimbursement  Obligation,  or (ii) any
interest on any Loan,  fees or other amount  payable by it hereunder  which
such default, other than a default in payment or prepayment of principal or
any  Reimbursement  Obligation  (which  shall have no cure  period),  shall
continue unremedied for a period of 10 Business Days; or

(b) at any time (i) a default, without cure, shall exist by the Borrower or
any  Substantial  Subsidiary  in payment  when due  (whether  by  scheduled
maturity,   required  prepayment,   acceleration,   demand  or  otherwise),
including any applicable grace period, of any principal or stated amount of
or interest on any of its other Debt  aggregating  $25,000,000  or more, or
any amount equal to or greater than an aggregate of $10,000,000  payable in
respect of Hedging  Agreements  when due  (whether by  scheduled  maturity,
required  prepayment,  acceleration,  demand or  otherwise)  including  any
applicable  grace  period,  or  (ii)  any  event  specified  in  any  note,
agreement,  indenture or other document  evidencing or relating to any Debt
having  an  outstanding  principal  balance  or stated  amount  aggregating
$50,000,000 or more, or any Hedging  Agreement shall occur if the effect of
any such event is to cause  such Debt or sums  aggregating  $10,000,000  or
more payable under one or more Hedging  Agreements  to actually  become due
prior to its or their stated maturity; or

(c) any  representation,  warranty  or  certification  made or deemed  made
herein by the Borrower or any Subsidiary,  or any certificate  furnished to
any Lender or the  Administrative  Agent pursuant to the provisions hereof,
shall  prove to have  been  false  or  misleading  as of the  time  made or
furnished in any material respect; or

(d) the Borrower shall default in the performance of any of its obligations
under Section 9.03; or the Borrower shall default in the performance of any
of its  obligations  under  Article IX (other than  Section  9.03) and such
default shall  continue  unremedied for a period of five (5) Business Days;
or the Borrower shall default in the  performance of any of its obligations
under  Article  VIII  (other than the payment of amounts due which shall be
governed by Section  10.01(a)) or any other Article of this Agreement other
than under  Article IX and such default  shall  continue  unremedied  for a
period of thirty (30) days after the earlier to occur of (i) notice thereof
to the  Borrower by the  Administrative  Agent or any Lender  (through  the
Administrative  Agent),  or (ii) the Borrower  otherwise  becoming aware of
such default; or

(e) the  Borrower,  any  Substantial  Subsidiary  or MAP shall  commence  a
voluntary case or other proceeding seeking  liquidation,  reorganization or
other  relief  with  respect to itself or its debts  under any  bankruptcy,
insolvency  or other  similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator,  custodian or other similar
official of it or any substantial part of its property, or shall consent to
any such relief or to the  appointment of or taking  possession by any such
official in an involuntary case or other proceeding  commenced  against it,
or shall make a general  assignment for the benefit of creditors,  or shall
fail  generally  to pay its  debts  as they  become  due,  or the  Board of
Directors of the  Borrower or any  Substantial  Subsidiary  or the Board of
Managers of MAP shall take any action to authorize any of the foregoing;

(f) an involuntary case or other proceeding shall be commenced  against the
Borrower,   any   Substantial   Subsidiary  or  MAP  seeking   liquidation,
reorganization  or other  relief with  respect to it or its debts under any
bankruptcy,  insolvency  or other similar law now or hereafter in effect or
seeking the appointment of a trustee,  receiver,  liquidator,  custodian or
other similar official of it or any substantial  part of its property,  and
such  involuntary  case or other  proceeding  shall remain  undismissed  or
unstayed  for a period of sixty (60) days or an order for  relief  shall be
entered against the Borrower,  any Substantial  Subsidiary or MAP under the
federal bankruptcy laws as now or hereafter in effect, or

(g) a  judgment  or  judgments  for the  payment  of  money  in  excess  of
$25,000,000  in the  aggregate  shall be  rendered  by a court  against the
Borrower  or any  Substantial  Subsidiary  (i) and the  same  shall  not be
discharged  (or,  with respect to a judgment of a court other than a United
States State or Federal  court,  adequate  provision  shall not be made for
such discharge), or (ii) a stay of execution thereof shall not be procured,
within  thirty  (30) days  from the date of entry  thereof  or such  longer
period as the Borrower  shall have to perfect an appeal and the Borrower or
such Subsidiary shall not, within said period, or such longer period during
which  execution of the same shall have been stayed,  appeal  therefrom and
cause the execution thereof to be stayed during such appeal.

Section 10.02.....Remedies.

(a) In the case of an Event  of  Default  other  than  one  referred  to in
clauses (e) or (f) of Section 10.01 the Administrative  Agent, upon request
of the  Majority  Lenders,  shall,  by notice to the  Borrower,  cancel the
Commitments  and/or declare the principal  amount then  outstanding of, and
the  accrued  interest  on,  the Loans,  any Letter of Credit  Outstandings
(including Reimbursement  Obligations) and all other amounts payable by the
Borrower  hereunder  and  under  the  Notes or any  Letter  of Credit to be
forthwith due and payable,  whereupon such amounts shall be immediately due
and  payable  without  presentment,  demand,  protest,  notice of intent to
accelerate, notice of acceleration or other formalities of any kind, all of
which are hereby  expressly  waived by the Borrower and the Borrower  shall
automatically and immediately be obligated to Cash Collateralize all Letter
of Credit Outstandings.

(b) In the case of the  occurrence  of an Event of Default  referred  to in
clauses (e) or (f) of Section 10.01 the Commitments  shall be automatically
canceled  and the  principal  amount then  outstanding  of, and the accrued
interest  on,  the  Loans,  any  Letter of Credit  Outstandings  (including
Reimbursement  Obligations)  and all other amounts  payable by the Borrower
hereunder  and  under  the  Notes or any  Letter  of  Credit  shall  become
automatically  immediately  due and payable  without  presentment,  demand,
protest,  notice of intent to accelerate,  notice of  acceleration or other
formalities  of any kind, all of which are hereby  expressly  waived by the
Borrower and the Borrower shall  automatically and immediately be obligated
to Cash Collateralize all Letter of Credit Outstandings.

(c)  All  proceeds  received  after  maturity  of  the  Notes,  whether  by
acceleration  or  otherwise  shall be  applied  pro rata to the  Lenders in
accordance with their related Percentage Shares:  first to reimbursement of
expenses and indemnities provided for in this Agreement;  second to accrued
interest on the Notes;  third to fees;  fourth to principal  outstanding on
the Notes  and  other  Indebtedness;  and any  excess  shall be paid to the
Borrower or as otherwise required by any Governmental Requirement.

(d) In connection  with any legal action or proceeding with respect to this
Agreement  or the Notes,  the  Administrative  Agent,  the  Lenders and the
Borrower each agrees and each agrees on behalf of its Affiliates that in no
event  shall  any  of  them  be   entitled   to  or  claim  any   punitive,
consequential,  exemplary  or  special  damages  against  any of the  other
parties hereto.

ARTICLE XI........

                          THE ADMINISTRATIVE AGENT

Section  11.01.....Appointment,  Powers and Immunities.  Each Lender hereby
irrevocably  appoints and authorizes the Administrative Agent to act as its
agent  hereunder  with such  powers as are  specifically  delegated  to the
Administrative  Agent by the terms of this  Agreement,  together  with such
other powers as are reasonably incidental thereto. The Administrative Agent
(which  term as used in this  sentence  and in Section  11.05 and the first
sentence of Section 11.06 shall include reference to its Affiliates and its
and its Affiliates' officers, directors, employees, attorneys, accountants,
experts and  agents,  but only to the extent  such  Affiliate  or Person is
acting on behalf of the Administrative  Agent): (a) shall have no duties or
responsibilities  except those  expressly set forth herein or in the Notes,
and shall not by  reason  hereof or by reason of the Notes be a trustee  or
fiduciary for any Lender;  (b) makes no  representation  or warranty to any
Lender  and shall  not be  responsible  to the  Lenders  for any  recitals,
statements,  representations or warranties contained in this Agreement,  or
in any  certificate  or other  document  referred to or provided for in, or
received by any of them under, this Agreement,  or for the value, validity,
effectiveness,    genuineness,    execution,    effectiveness,    legality,
enforceability  or  sufficiency  of this  Agreement,  any Note or any other
document  referred  to or  provided  for  herein or for any  failure by the
Borrower  or any other  Person  (other  than the  Administrative  Agent) to
perform  any  of  its  obligations  hereunder  or  thereunder  or  for  the
existence,  value, perfection or priority of any collateral security or the
financial or other condition of the Borrower, the Subsidiaries or any other
obligor or  guarantor;  (c) except  pursuant to Section  11.07 shall not be
required to initiate or conduct any  litigation or  collection  proceedings
hereunder; and (d) shall not be responsible for any action taken or omitted
to be taken by it  hereunder  or under any  other  document  or  instrument
referred to or provided for herein or in connection  herewith including its
own ordinary  negligence,  except for its own gross  negligence  or willful
misconduct.  The  Administrative  Agent  may  employ  agents,  accountants,
attorneys and experts and shall not be  responsible  for the  negligence or
misconduct of any such agents,  accountants,  attorneys or experts selected
by it in good  faith or any  action  taken or  omitted  to be taken in good
faith by it in  accordance  with the  advice of such  agents,  accountants,
attorneys or experts. The Administrative Agent may deem and treat the payee
of any Note as the holder thereof for all purposes  hereof unless and until
a written notice of the assignment or transfer thereof permitted  hereunder
shall have been filed with the  Administrative  Agent.  The  Administrative
Agent is authorized to release any collateral  that is permitted to be sold
or released pursuant to the terms hereof or of the Notes.

Section  11.02.....Reliance  by  Administrative  Agent. The  Administrative
Agent  shall be entitled  to rely upon any  certification,  notice or other
communication  (including  any  thereof  by  telephone,  telex,  facsimile,
telegram  or cable)  believed  by it to be genuine  and correct and to have
been signed or sent by or on behalf of the proper  Person or  Persons,  and
upon advice and statements of legal counsel,  independent  accountants  and
other experts selected by the Administrative Agent.

Section 11.03.....Defaults. The Administrative Agent shall not be deemed to
have knowledge of the  occurrence of a Default (other than the  non-payment
of principal of or interest on Loans or of fees) unless the  Administrative
Agent has  received  notice from a Lender or the Borrower  specifying  such
Default and stating that such notice is a "Notice of Default." In the event
that the Administrative Agent receives such a notice of the occurrence of a
Default,  the Administrative  Agent shall give prompt notice thereof to the
Lenders. In the event of a payment Default,  the Administrative Agent shall
give each Lender prompt notice of each such payment Default.

Section  11.04.....Rights  as a Lender. With respect to its Commitments and
the Loans  made by it,  Scotia  Capital  (and any  successor  acting as the
Administrative  Agent) in its capacity as a Lender hereunder shall have the
same rights and powers  hereunder  as any other Lender and may exercise the
same as though it were not acting as the Administrative Agent, and the term
"Lender"  or  "Lenders"  shall,  unless the  context  otherwise  indicates,
include the Administrative Agent in its individual capacity. Scotia Capital
(and any successor acting as the  Administrative  Agent) and its Affiliates
may  (without  having to account  therefor to any Lender)  accept  deposits
from, lend money to and generally  engage in any kind of banking,  trust or
other business with the Borrower (and any of its  Affiliates) as if it were
not  acting  as the  Administrative  Agent,  and  Scotia  Capital  and  its
Affiliates  may accept fees and other  consideration  from the Borrower for
services in connection  with this Agreement or otherwise  without having to
account for the same to the Lenders.
Section  11.05.....Indemnification.  The  Lenders  agree to  indemnify  the
Administrative Agent ratably in accordance with their Percentage Shares for
(i) the matters as described in section 12.03 to the extent not indemnified
and reimbursed by the Borrower under section  12.03,  but without  limiting
the obligations of the Borrower under said section 12.03,  and (ii) for any
and  all  other  liabilities,   obligations,  losses,  damages,  penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind and
nature  whatsoever which may be imposed on, incurred by or asserted against
the Administrative Agent in any way relating to or arising out of: (i) this
Agreement or any other  documents  contemplated by or referred to herein or
the transactions  contemplated hereby, but excluding,  unless a Default has
occurred  and is  continuing,  normal  administrative  costs  and  expenses
incident to the  performance  of its agency  duties  hereunder  or (ii) the
enforcement  of any of the terms of this  Agreement;  whether or not any of
the  foregoing  specified  in this  Section  11.05  arises from the sole or
concurrent  negligence of the Administrative Agent, provided that no Lender
shall be liable for any of the  foregoing to the extent they arise from the
gross negligence or willful misconduct of the Administrative Agent.

Section  11.06.....Non-Reliance  on Administrative Agent and other Lenders.
Each Lender acknowledges and agrees that it has,  independently and without
reliance on the Administrative Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own credit
analysis of the Borrower and its decision to enter into this Agreement, and
that it will,  independently  and without reliance upon the  Administrative
Agent or any other Lender,  and based on such documents and  information as
it shall deem  appropriate  at the time,  continue to make its own analysis
and  decisions  in taking or not taking  action under this  Agreement.  The
Administrative  Agent shall not be  required to keep itself  informed as to
the performance or observance by the Borrower  hereof,  of the Notes or any
other  document  referred  to or  provided  for  herein or to  inspect  the
properties or books of the Borrower.  Except for notices, reports and other
documents and information expressly required to be furnished to the Lenders
by the Administrative  Agent hereunder,  the Administrative Agent shall not
have any duty or  responsibility  to provide  any Lender with any credit or
other information  concerning the affairs,  financial condition or business
of the  Borrower  (or  any of its  Affiliates)  which  may  come  into  the
possession of the  Administrative  Agent or any of its Affiliates.  In this
regard,  each  Lender  acknowledges  that Mayer,  Brown,  Rowe & Maw LLP is
acting in this transaction as special counsel to the  Administrative  Agent
only.  Each Lender will  consult  with its own legal  counsel to the extent
that it deems  necessary in  connection  herewith or with the Notes and the
matters contemplated therein.

Section  11.07.....Action  by  Administrative  Agent.  Except for action or
other matters expressly required of the Administrative Agent hereunder, the
Administrative  Agent shall in all cases be fully  justified  in failing or
refusing to act hereunder unless it shall (a) receive written  instructions
from the Majority  Lenders (or all of the Lenders as expressly  required by
Section 12.04)  specifying the action to be taken and (b) be indemnified to
its  satisfaction by the Lenders against any and all liability and expenses
which may be incurred by it by reason of taking or  continuing  to take any
such  action.  The  instructions  of the  Majority  Lenders  (or all of the
Lenders as  expressly  required by Section  12.04) and any action  taken or
failure  to act  pursuant  thereto  by the  Administrative  Agent  shall be
binding on all of the Lenders. If a Default has occurred and is continuing,
the  Administrative  Agent  shall  take such  action  with  respect to such
Default as shall be directed by the Majority Lenders (or all of the Lenders
as  required  by  Section   12.04)  in  the  written   instructions   (with
indemnities)  described in this Section 11.07,  provided  that,  unless and
until the  Administrative  Agent shall have received such  directions,  the
Administrative  Agent may (but shall not be obligated to) take such action,
or refrain  from taking such  action,  with  respect to such  Default as it
shall deem  advisable in the best  interests  of the Lenders.  In no event,
however,  shall the  Administrative  Agent be  required  to take any action
which exposes the  Administrative  Agent to personal  liability or which is
contrary to this Agreement or applicable law.

Section  11.08.....Resignation  of Administrative Agent. The Administrative
Agent may resign at any time by giving  notice  thereof to the  Lenders and
the Borrower.  Upon any such  resignation,  the Majority Lenders shall have
the right to appoint a  successor  Administrative  Agent.  If no  successor
Administrative  Agent shall have been so appointed by the Majority  Lenders
and shall have accepted such  appointment  within sixty (60) days after the
retiring  Administrative Agent's giving of notice of resignation,  then the
retiring  Administrative  Agent may,  on behalf of the  Lenders,  appoint a
successor   Administrative   Agent;   provided   that,  if,  such  retiring
Administrative  Agent is unable to find a  commercial  banking  institution
which is willing to accept such  appointment,  the retiring  Administrative
Agent's  resignation shall nevertheless  thereupon become effective and the
Borrower  shall have the right to appoint a successor  agent  (including  a
financial institution not a Lender),  unless the Majority Lenders appoint a
successor as provided for above.  Upon the  acceptance of such  appointment
hereunder   by   a   successor   Administrative   Agent,   such   successor
Administrative  Agent shall thereupon succeed to and become vested with all
the rights,  powers,  privileges and duties of the retiring  Administrative
Agent. After any retiring  Administrative  Agent's resignation hereunder as
the  Administrative  Agent,  the  provisions of this Article XI and Section
12.03  shall  continue  in effect for its benefit in respect of any actions
taken  or   omitted  to  be  taken  by  it  while  it  was  acting  as  the
Administrative Agent.

ARTICLE XII.......

                               MISCELLANEOUS

Section  12.01.....Waiver.  No  failure  on the part of the  Administrative
Agent or any Lender to exercise and no delay in  exercising,  and no course
of dealing  with  respect to, any right,  power or  privilege  hereunder or
under the Notes shall operate as a waiver thereof,  nor shall any single or
partial  exercise of any right,  power or privilege  hereunder or under the
Notes preclude any other or further exercise thereof or the exercise of any
other  right,  power  or  privilege.   The  remedies  provided  herein  are
cumulative and not exclusive of any remedies provided by law.

Section  12.02.....Notices.  All notices and other communications  provided
for  herein  and  in  the  Notes  (including,   without   limitation,   any
modifications  of, or waivers or  consents  under,  this  Agreement  or the
Notes)  shall be given or made by  facsimile,  courier  or U.S.  Mail or in
writing and transmitted,  mailed or delivered to the intended  recipient as
follows,  (a)  if to  the  Borrower  or the  Administrative  Agent,  at the
"Address  for  Notices"  specified  below its name on the  signature  pages
hereof or in the Notes; and (b) if to any Lender,  to the address specified
in the  "Administrative  Questionnaire" form supplied by the Administrative
Agent; or, as to any party, at such other address as shall be designated by
such party in a notice to each other party. Except as otherwise provided in
this Agreement or in the Notes, all such communications  shall be deemed to
have been duly given when  transmitted,  if  transmitted  before  1:00 p.m.
local  time of the  recipient  on a  Business  Day  (otherwise  on the next
succeeding  Business  Day) by  facsimile  and evidence or  confirmation  of
receipt is obtained,  or  personally  delivered or, in the case of a mailed
notice,  three (3)  Business  Days after the date  deposited  in the mails,
postage prepaid, in each case given or addressed as aforesaid.

Section 12.03.....Expenses; Indemnity; Damage Waiver.

(a) The Borrower shall pay (i) all reasonable and documented  out-of-pocket
expenses  incurred by the  Administrative  Agent,  including the reasonable
fees, charges and disbursements of counsel for the Administrative Agent, in
connection with this Agreement,  the preparation and administration of this
Agreement and the Notes or any amendments,  modifications or waivers of the
provisions  hereof or thereto,  as the case may be, (ii) all reasonable and
documented  out-of-pocket  expenses incurred by the Administrative Agent or
any Lender,  including the fees,  charges and  disbursements of any counsel
for  the  Administrative  Agent  or any  Lender,  in  connection  with  the
enforcement or protection of its rights in connection  with this Agreement,
including  its rights under this Section,  or in connection  with the Loans
made hereunder,  including in connection with any workout, restructuring or
negotiations in respect thereof.

(b) The Borrower  agrees to indemnify and hold harmless the  Administrative
Agent and each  Lender,  each  Affiliate of such party,  and all  officers,
directors,  employees,  agents and advisors of such party (each such Person
being  called an  "Indemnitee")  against any and all  liabilities,  losses,
damages, costs and reasonable expenses of any kind which may be incurred by
any Indemnitee in any way relating to, arising out of this Agreement or the
Notes or any claim, litigation, investigation or proceeding relating to any
of the foregoing  ("Proceedings")  including  any of the foregoing  arising
from the negligence of the Indemnitee  (whether or not any Indemnitee shall
be designated a party  thereto) and to reimburse  such  Indemnitee  for any
legal or other reasonable and documented out-of-pocket expenses as they are
incurred in  connection  with  investigating  or defending  the  foregoing;
provided  that  no  Indemnitee  shall  have  the  right  to be  indemnified
hereunder  for its own gross  negligence  or willful  misconduct or for its
failure to perform its obligations hereunder or under the Notes.

(c) Promptly  after receipt by an Indemnitee of notice of the  commencement
of any Proceedings,  such Indemnitee will, if a claim in respect thereof is
to be made  against  the  Borrower,  notify the  Borrower in writing of the
commencement  thereof;  provided  that (i) the  omission  so to notify  the
Borrower will not relieve it from any liability which it may have hereunder
except to the extent it has been materially  prejudiced by such failure and
(ii) the  omission so to notify the  Borrower  will not relieve it from any
liability  which it may have to an Indemnitee  otherwise than on account of
this indemnity agreement.  In case any such Proceedings are brought against
any  Indemnitee and it notifies the Borrower of the  commencement  thereof,
the Borrower  will be entitled to  participate  therein,  and, may elect by
written notice  delivered to the Indemnitee to assume the defense  thereof,
with counsel reasonably satisfactory to such Indemnitee;  provided further,
that if the defendants in any such Proceedings  include both the Indemnitee
and the Borrower and the Indemnitee shall have been advised by counsel that
its  interest in the  Proceeding  are likely to conflict  with those of the
Borrower or that such litigation may result in a non-indemnified claim, the
Indemnitee  shall have the right to select separate  counsel to assert such
legal  defenses  and to  otherwise  participate  in  the  defense  of  such
proceedings on behalf of such  Indemnitee.  Upon receipt of notice from the
Borrower  to such  Indemnitee  of its  election so to assume the defense of
such  Proceedings  and approval by the Indemnitee of counsel,  the Borrower
will  not be  liable  to  such  Indemnitee  for  expenses  incurred  by the
Indemnitee in connection  with the defense  thereof (other than  reasonable
costs of  investigation)  unless (A) the  Indemnitee  shall  have  employed
separate  counsel in  connection  with a conflict of interest in accordance
with the  proviso  to the next  preceding  sentence  (it being  understood,
however,  that the  Borrower  shall not be liable for the  expenses of more
than  one  separate  counsel,   approved  by  the   Administrative   Agent,
representing the Indemnitees who are parties to such proceedings),  (B) the
Borrower shall not have employed  counsel  reasonably  satisfactory  to the
Indemnitee  to represent  the  Indemnitee  within a  reasonable  time after
notice  of  commencement  of  the  proceedings  or  (C)  the  Borrower  has
authorized  in  writing  the   employment  of  separate   counsel  for  the
Indemnitee;  and  except  that,  if clause (A) or (C) is  applicable,  such
liability  shall be only in  respect  of the  counsel  referred  to in such
clause (A) or (C).  Notwithstanding  any other provision of this Agreement,
no settlement  shall be entered into without the  Borrower's  prior written
consent,  the Borrower shall not be liable to pay any settlement  agreed to
without its prior written consent provided the Borrower,  at the reasonable
request  of  the   Administrative   Agent,  puts  up  collateral  with  the
Administrative Agent, to sufficiently pay any liability that may reasonably
be incurred in connection with such Proceeding.  In addition, no settlement
involving any Indemnitee  who is a party to such  Proceeding may be entered
into by the  Borrower  on  behalf  of such  Indemnitee  if such  settlement
contains any admission of liability or fault by the Indemnitee and unless a
full release of the Indemnitee is entered into in connection therewith.  At
any time after the  Borrower  has  assumed  the  defense of any  Proceeding
involving any Indemnitee, such Indemnitee may elect to withdraw its request
for indemnity and  thereafter  the defense of such  Proceeding on behalf of
such Indemnitee shall be maintained by counsel of the Indemnitee's choosing
and at the Indemnitee's expense.

(d) To the extent  permitted by  applicable  law,  the  Borrower  shall not
assert, and hereby waives, any claim against any Indemnitee,  on any theory
of liability, for special, indirect,  consequential or punitive damages (as
opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement or any agreement or instrument  contemplated
hereby, any Loan or the use of the proceeds thereof.

Section  12.04.....Amendments,  Etc.  Except as otherwise set forth herein,
any provision of this Agreement (other than a provision  regarding a Letter
of Credit which shall only be modified in accordance  with the terms of the
applicable  Letter of Credit) may be  amended,  modified or waived with the
prior written  consent of the Borrower and the Majority  Lenders;  provided
that (a) no amendment, modification or waiver which extends the Termination
Date of the  Loans,  increases  the  Aggregate  Commitments,  forgives  the
principal  amount of any  Indebtedness  outstanding  under this  Agreement,
postpones  any  scheduled  date for the payment of  principal,  interest or
fees, reduces the interest rate applicable to the Loans or the fees payable
to the Lenders  generally,  extends any Letters of Credit  expiration  date
beyond the Termination Date, affects this Section 12.04 or Section 12.06(a)
or modifies the definition of "Majority Lenders" shall be effective without
consent of all  Lenders,  (b) no  amendment,  modification  or waiver which
increases  the  Commitment  of any Lender  shall be  effective  without the
consent of such  Lender,  (c) no  amendment,  modification  or waiver which
increases the Stated Amount of any Letter of Credit unless  consented to by
the Issuer of such Letter of Credit, and (d) no amendment,  modification or
waiver  which   modifies  the  rights,   duties  or   obligations   of  the
Administrative  Agent  shall  be  effective  without  the  consent  of  the
Administrative Agent.

Section  12.05.....Successors  and Assigns. This Agreement shall be binding
upon and inure to the  benefit of the parties  hereto and their  respective
successors and permitted assigns.

Section 12.06.....Assignments and Participations.

(a) The  Borrower  may not assign its rights or  obligations  hereunder  or
under the Notes  without  the prior  consent of all of the  Lenders and the
Administrative Agent.

(b) Any Lender may,  upon the prior written  consent of the  Administrative
Agent and the Borrower (so long as no Default or Event of Default  shall be
in  existence,  in which  case the  consent  of the  Borrower  shall not be
required)  (which  consent will not be  unreasonably  withheld or delayed),
assign to one or more Eligible Assignees all or a portion of its rights and
obligations  under  this  Agreement  pursuant  to an  Assignment  Agreement
substantially in the form of Exhibit E (an "Assignment") provided, however,
that (i) any such assignment shall be in the amount of at least $10,000,000
(or, if less, the then entire  remaining  amount of such Lender's Loans and
Commitments)  or such lesser  amount to which the Borrower  has  consented,
(ii) the  assignee  or  assignor  shall pay to the  Administrative  Agent a
processing  and  recordation  fee of $3,500.00 for each  assignment,  (iii)
there shall be no  assignment  to an Eligible  Assignee if such  assignment
would  violate  any  applicable  law,  rule  or  regulation,  and  (iv)  an
assignment  by a  Lender  under  this  Section  12.06(b)  to such  Lender's
Affiliate  which is an Eligible  Assignee shall not require  consent of the
Administrative  Agent or the  Borrower.  Any such  assignment  will  become
effective  upon the execution and delivery to the  Administrative  Agent of
the Assignment and the consent of the Administrative  Agent. Promptly after
receipt of an executed  Assignment,  the Administrative Agent shall send to
the  Borrower  a copy of such  executed  Assignment.  Upon  receipt of such
executed Assignment,  the Borrower,  will, at its own expense,  execute and
deliver new Notes to the  assignor  and/or  assignee,  as  appropriate,  in
accordance  with  their  respective  interests  as they  appear.  Upon  the
effectiveness  of any  assignment  pursuant to this Section  12.06(b),  the
assignee  will  become a  "Lender,"  if not  already  a  "Lender,"  for all
purposes  of  this  Agreement.  The  assignor  shall  be  relieved  of  its
obligations  hereunder  to  the  extent  of  such  assignment  (and  if the
assigning  Lender no longer  holds any  rights or  obligations  under  this
Agreement,  such  assigning  Lender shall cease to be a "Lender"  hereunder
except that its rights under Sections 4.06,  5.01, 5.05 and 12.03 shall not
be affected).  The  Administrative  Agent will prepare on the last Business
Day of each month during which an assignment has become effective  pursuant
to  this  Section  12.06(b),  a new  Annex  1  giving  effect  to all  such
assignments  effected during such month, and will promptly provide the same
to the Borrower and each of the Lenders.

(c) Each Lender may transfer,  grant or assign participations in all or any
part of such Lender's interests hereunder pursuant to this Section 12.06(c)
to any Person,  provided  that: (i) such Lender shall remain a "Lender" for
all purposes of this  Agreement and the  transferee  of such  participation
shall not constitute a "Lender"  hereunder;  and (ii) no participant  under
any such  participation  shall have rights to approve any  amendment  to or
waiver of any of this  Agreement  or the Notes  except to the  extent  such
amendment  or  waiver  would  (y)  forgive  any  principal   owing  on  any
Indebtedness  or extend the final  maturity  of the Loans or (z) reduce the
interest rate (other than as a result of waiving the  applicability  of any
post-default  increases in interest rates) or fees applicable to any of the
commitments  or  Loans in  which  such  participant  is  participating,  or
postpone the payment of any thereof. In the case of any such participation,
the  participant  shall  not have any  rights  under  this  Agreement  (the
participant's  rights  against  the  granting  Lender  in  respect  of such
participation  to be those set  forth in the  agreement  with  such  Lender
creating  such  participation),  and all  amounts  payable by the  Borrower
hereunder  shall  be  determined  as if  such  Lender  had  not  sold  such
participation,  provided that such participant shall be entitled to receive
additional amounts under Article V on the same basis as if it were a Lender
and be indemnified under Section 12.03 as if it were a Lender. In addition,
each agreement  creating any participation must include an agreement by the
participant to be bound by the provisions of Section 12.15.

(d) The Lenders may furnish any information  concerning the Borrower in the
possession of the Lenders from time to time to assignees  and  participants
(including  prospective  assignees and  participants);  provided that, such
Persons agree to be bound by the provisions of Section 12.15 hereof.

(e)  Notwithstanding  anything in this Section 12.06 to the  contrary,  any
Lender may assign and pledge all or any of its Notes to any Federal Reserve
Bank or the United  States  Treasury  as  collateral  security  pursuant to
Regulation A of the Board of Governors  of the Federal  Reserve  System and
any operating  circular  issued by such Federal  Reserve System and/or such
Federal  Reserve Bank. No such  assignment  and/or pledge shall release the
assigning and/or pledging Lender from its obligations hereunder.

(f) Notwithstanding any other provisions of this Section 12.06, no transfer
or assignment of the interests or obligations of any Lender or any grant of
participations  therein shall be permitted if such transfer,  assignment or
grant would require the Borrower to file a registration  statement with the
SEC or to qualify the Loans under the "Blue Sky" laws of any state.

(g)  Notwithstanding  anything to the contrary contained herein, any Lender
(a "Granting  Lender") may grant to a special  purpose  funding  vehicle (a
"SPC"),  identified  as such in writing  from time to time by the  Granting
Lender to the Administrative Agent and the Borrower,  the option to provide
to the Borrower all or any part of any Loan that such Granting Lender would
otherwise be obligated to make to the Borrower  pursuant to this Agreement;
provided that (i) nothing  herein shall  constitute a commitment by any SPC
to make any Loan,  (ii) if an SPC elects  not to  exercise  such  option or
otherwise  fails to  provide  all or any part of such  Loan,  the  Granting
Lender shall be obligated to make such Loan  pursuant to the terms  hereof,
(iii) any such Loan made by such SPC shall be  subject  to all of the terms
and  provisions  hereof,  and  (iv)  such  Granting  Lender  and SPC  shall
otherwise be treated and have the rights and  obligations as if the SPC was
a participant  pursuant to Section  12.06(c) above. The making of a Loan by
an SPC hereunder shall utilize the Commitment of the Granting Lender to the
same extent,  and as if, such Loan were made by such Granting Lender.  Each
party hereto hereby agrees that no SPC shall be liable for any indemnity or
similar  payment  obligation  under this Agreement (all liability for which
shall remain with the Granting  Lender).  In  furtherance of the foregoing,
each  party  hereto  hereby  agrees  (which  agreement  shall  survive  the
termination of this Agreement) that, prior to the date that is one year and
one day after the payment in full of all  outstanding  commercial  paper or
other senior  indebtedness  of any SPC, it will not institute  against,  or
join any other  person in  instituting  against,  such SPC any  bankruptcy,
reorganization,  arrangement,  insolvency or liquidation  proceedings under
the  laws  of  the  United  States  or  any  State  thereof.  In  addition,
notwithstanding  anything to the contrary  contained in this Section 12.06,
any SPC may (A) with notice to, but without the prior  written  consent of,
the Borrower and the Administrative  Agent,  assign all or a portion of its
interest  in  any  Loan  to  the  Granting   Lender  or  to  any  financial
institutions  (consented  to by  the  Borrower  and  Administrative  Agent)
providing liquidity and/or credit support to or for the account of such SPC
to support the funding or  maintenance  of Loans and (B) subject to Section
12.15 disclose on a confidential basis any non-public  information relating
to its Loans to any rating agency,  commercial  paper dealer or provider of
any surety,  guarantee or credit or liquidity enhancement to such SPC. This
section  may not be amended  without the  written  consent of the  Granting
Lender.

Section  12.07.....Invalidity.  In the  event  that  any one or more of the
provisions  contained herein or in the Notes shall, for any reason, be held
invalid,   illegal  or  unenforceable  in  any  respect,  such  invalidity,
illegality or unenforceability  shall not affect any other provision of the
Notes or this Agreement.

Section  12.08.....Counterparts.  This  Agreement  may be  executed  in any
number of  counterparts,  all of which taken together shall  constitute one
and the same  instrument  and any of the parties  hereto may  execute  this
Agreement by signing any such counterpart.

Section 12.09.....References. The words "herein," "hereof," "hereunder" and
other  words of similar  import when used in this  Agreement  refer to this
Agreement  as a  whole,  and  not to any  particular  article,  section  or
subsection.  Any reference  herein to a Section shall be deemed to refer to
the applicable  Section of this Agreement  unless  otherwise stated herein.
Any reference  herein to an exhibit or schedule shall be deemed to refer to
the applicable  exhibit or schedule attached hereto unless otherwise stated
herein.

Section  12.10.....Survival.  The  obligations of the parties under Section
4.06,  Article V, and Sections  11.05 and 12.03 shall survive the repayment
of the Loans and the termination of the commitments. To the extent that any
payments on the Indebtedness or proceeds of any collateral are subsequently
invalidated,  declared  to be  fraudulent  or  preferential,  set  aside or
required to be repaid to a trustee, debtor in possession, receiver or other
Person under any bankruptcy  law,  common law or equitable  cause,  then to
such extent, the Indebtedness so satisfied shall be revived and continue as
if such  payment or proceeds had not been  received and the  Administrative
Agent's and the Lenders'  Liens,  security  interests,  rights,  powers and
remedies under this Agreement shall continue in full force and effect.

Section 12.11.....Captions.  Captions and section headings appearing herein
are included  solely for  convenience  of reference and are not intended to
affect the interpretation of any provision of this Agreement.

Section  12.12.....No Oral Agreements.  This Agreement and the Notes embody
the entire  agreement and  understanding  between the parties and supersede
all other  agreements and  understandings  between such parties relating to
the  subject  matter  hereof  and  thereof.  This  Agreement  and the Notes
represent  the  final  agreement   between  the  parties  and  may  not  be
contradicted  by  evidence of prior,  contemporaneous  or  subsequent  oral
agreements of the parties.  There are no unwritten oral agreements  between
the parties.

Section 12.13.....Governing Law; Submission to Jurisdiction.

(a) This  Agreement  and the Notes  (including,  but not  limited  to,  the
validity and  enforceability  hereof and thereof) shall be governed by, and
construed in accordance with, the laws of the State of New York, other than
the conflict of laws rules thereof.

(b) Each Letter of Credit shall be governed by, and construed in accordance
with, the laws or rules designated in such Letter of Credit,  or if no laws
or rules are designated, (i) in the case of a Standby Letter of Credit, the
International Standby Practices  (ISP98--International  Chamber of Commerce
Publication Number 590 (the "ISP Rules")),  without regards to conflicts of
law provisions and (ii) in the case of a Documentary  Letter of Credit, the
Uniform Customs and Practice for Documentary  Credits,  1993 Revision,  ICC
Publication  Number 500 (the "UCP Rules"),  without regards to conflicts of
law provisions  and, as to matters not governed by the ISP Rules or the UCP
Rules, the internal laws of the State of New York.

(c) Any legal  action or  proceeding  with respect to this  Agreement,  any
Letter of Credit or the Notes  shall be  brought in the courts of the State
of New York or of the United States of America for the Southern District of
New York,  and, by execution  and delivery of this  Agreement,  each of the
Borrower,  the  Administrative  Agent and each  Lender  hereby  accepts for
itself and (to the  extent  permitted  by law) in respect of its  Property,
generally and  unconditionally,  the  jurisdiction of the aforesaid  courts
provided,  however,  that this Section  shall not limit the right to remove
such suit,  action or  proceeding  from a New York State court to a Federal
court  sitting  in the  City  of  New  York.  Each  of  the  Borrower,  the
Administrative Agent, each Lender and each Issuer hereby irrevocably waives
any objection,  including,  without limitation, any objection to the laying
of venue or based on the grounds of forum non conveniens,  which it may now
or hereafter  have to the bringing of any such action or proceeding in such
respective jurisdictions.  This submission to jurisdiction is non-exclusive
and does not preclude the parties from  obtaining  jurisdiction  over other
parties in any court otherwise having jurisdiction.

(d) The  Borrower  hereby  consents  to process  being  served in any suit,
action,  or proceeding  of the nature  referred to in this Section 12.13 by
the mailing of a copy thereof by registered or certified air mail,  postage
prepaid,  return  receipt  requested,  to its address  specified in Section
12.02 and agrees  that such  service  (i) shall be deemed in every  respect
effective service of process upon it in any such suit, action or proceeding
and (ii) shall,  to the fullest extent  permitted by law, be taken and held
to be  valid  personal  service  upon and  personal  delivery  to it.  This
provision shall not be deemed to apply to any suit,  action,  or proceeding
involving  financing  relationships  which  are  in no way  related  to the
financing relationship established and contemplated by this Agreement.

(e)  Nothing   herein  shall  affect  the  right  of  the   Borrower,   the
Administrative Agent or any Lender or any holder of a Note to serve process
in any other manner  permitted by law or to commence  legal  proceedings or
otherwise proceed against the Borrower in any other jurisdiction.

(f) Each of the  Borrower  and  each  Lender  hereby  (i)  irrevocably  and
unconditionally  waive,  to the fullest  extent  permitted by law, trial by
jury in any legal action or proceeding  relating to this  Agreement and for
any counterclaim therein; (ii) irrevocably waive, to the maximum extent not
prohibited  by law,  any right it may have to claim or  recover in any such
litigation any special,  exemplary,  punitive or consequential  damages, or
damages other than, or in addition to, actual  damages;  (iii) certify that
no party hereto nor any  representative or Administrative  Agent of counsel
for any party hereto has  represented,  expressly or otherwise,  or implied
that such party would not, in the event of litigation,  seek to enforce the
foregoing  waivers,  and (iv) acknowledge that it has been induced to enter
into this Agreement and the  transactions  contemplated  hereby and thereby
by, among other things, the mutual waivers and certifications  contained in
this Section 12.13.

Section 12.14.....Interest.  It is the intention of the parties hereto that
each  Lender  shall  conform  strictly  to  usury  laws  applicable  to it.
Accordingly,  if the transactions  contemplated hereby would be usurious as
to any Lender under laws applicable to it (including the laws of the United
States of America and the State of New York or any other jurisdiction whose
laws may be mandatorily applicable to such Lender notwithstanding the other
provisions  of  this  Agreement),  then,  in  that  event,  notwithstanding
anything to the contrary  herein or in the Notes or any  agreement  entered
into in  connection  with or as  security  for the  Notes,  it is agreed as
follows:  (a) the aggregate of all consideration which constitutes interest
under law applicable to any Lender that is contracted for, taken, reserved,
charged or  received  by such  Lender  hereunder  or under the Notes or any
agreements in connection with the Notes shall under no circumstances exceed
the maximum amount allowed by such  applicable law, and any excess shall be
canceled  automatically  and if theretofore  paid shall be credited by such
Lender on the principal amount of the Indebtedness  (or, to the extent that
the principal amount of the  Indebtedness  shall have been or would thereby
be paid in full,  refunded by such Lender to the Borrower);  and (b) in the
event  that the  maturity  of the  Notes is  accelerated  by  reason  of an
election of the holder  thereof  resulting  from any Event of Default under
this  Agreement or otherwise,  or in the event of any required or permitted
prepayment,  then such  consideration  that constitutes  interest under law
applicable  to any Lender may never  include  more than the maximum  amount
allowed by such applicable law, and excess interest,  if any,  provided for
in this  Agreement or  otherwise  shall be canceled  automatically  by such
Lender  as  of  the  date  of  such  acceleration  or  prepayment  and,  if
theretofore  paid, shall be credited by such Lender on the principal amount
of the  Indebtedness  (or, to the extent that the  principal  amount of the
Indebtedness shall have been or would thereby be paid in full,  refunded by
such  Lender  to the  Borrower).  All sums paid or agreed to be paid to any
Lender for the use,  forbearance or detention of sums due hereunder  shall,
to the extent  permitted by law  applicable  to such Lender,  be amortized,
prorated,  allocated  and spread  throughout  the stated  term of the Loans
evidenced by the Notes until  payment in full so that the rate or amount of
interest  on account  of any Loans  hereunder  does not exceed the  maximum
amount allowed by such applicable law. If at any time and from time to time
(i) the  amount of  interest  payable  to any  Lender on any date  shall be
computed at the Highest Lawful Rate  applicable to such Lender  pursuant to
this  Section  12.14  and  (ii)  in  respect  of  any  subsequent  interest
computation  period the amount of interest otherwise payable to such Lender
would be less than the amount of interest  payable to such Lender  computed
at the Highest  Lawful Rate  applicable to such Lender,  then the amount of
interest  payable to such  Lender in respect  of such  subsequent  interest
computation period shall continue to be computed at the Highest Lawful Rate
applicable  to such Lender  until the total  amount of interest  payable to
such Lender shall equal the total amount of interest  which would have been
payable to such Lender if the total  amount of interest  had been  computed
without giving effect to this Section 12.14.

Section 12.15.....Confidentiality.  In the event that the Borrower provides
to the  Administrative  Agent or the Lenders  written or oral  confidential
information  belonging to the Borrower,  the  Administrative  Agent and the
Lenders shall thereafter maintain such information in strict confidence and
appropriately  safeguard  such  material,  at least in accordance  with the
standards of care and diligence that each utilizes in  maintaining  its own
confidential information.  This obligation of confidence shall not apply to
such portions of the information  which (a) are in the public domain (other
than as a  result  of its  disclosure  by the  Administrative  Agent or the
Lenders),  (b)  hereafter  become  part of the public  domain  without  the
Administrative   Agent  or  the  Lenders   breaching  their  obligation  of
confidence to the Borrower,  (c) are previously known by the Administrative
Agent  or the  Lenders  from  some  source  other  than  Borrower,  (d) are
hereafter  developed  by the  Administrative  Agent or the Lenders  without
using the Borrower's  information or otherwise violating any obligations of
the  Administrative  Agent or Lenders to the  Borrower,  (e) are  hereafter
obtained by or available to the Administrative  Agent or the Lenders from a
source other than the Borrower, or its agents or representatives,  provided
that such  information  was not obtained from such source in a manner which
would violate the terms hereof, (f) are disclosed with the Borrower's prior
written consent,  (g) must be disclosed either pursuant to any Governmental
Requirement or to Persons  regulating the activities of the  Administrative
Agent or the  Lenders or by the  Administrative  Agent or any Lender in any
suit, action or proceeding for the purpose of defending itself,  materially
reducing its  liability or protecting  or  exercising  any material  claim,
right, remedy or interest under or in connection with this Agreement or the
Notes,  or (h) as may be  required  by law or  regulation  or  order of any
Governmental   Authority  in  any  judicial   arbitration  or  governmental
proceeding  (provided,  however,  that if the  Administrative  Agent or the
Lenders are required to disclose the  confidential  information to any such
outside party, it or they will, if legally  permitted,  notify the Borrower
promptly so that the Borrower  may seek any  appropriate  protective  order
and/or take other appropriate  action).  The  Administrative  Agent and the
Lenders shall not be liable for such  disclosure  unless the  disclosure to
such  tribunal or other person was caused by, or resulted  from, a previous
disclosure  by the  Administrative  Agent  or  the  Lenders  not  permitted
hereunder.  Further,  the Administrative Agent or a Lender may disclose any
such  information  to any  Affiliate  of such  Lender,  any  other  Lender,
independent  engineers or  consultants,  any independent  certified  public
accountants,  any legal counsel  employed by such Person in connection with
this Agreement,  including without limitation,  the enforcement or exercise
of all rights and  remedies  thereunder,  or any  assignee  or  participant
(including  prospective assignees and participants) in the Loans; provided,
however,  that the  Administrative  Agent or the  Lenders  shall  receive a
confidentiality  agreement  from the  Person  to whom such  information  is
disclosed  (unless  such  Person is already  subject to an  attorney-client
privilege  with  respect  to such  confidential  information  or  otherwise
subject to a legal obligation to maintain such  confidentiality)  such that
said Person shall have the same obligation to maintain the  confidentiality
of such  information  as is imposed  upon the  Administrative  Agent or the
Lenders  hereunder.  Notwithstanding  anything  to  the  contrary  provided
herein,  this obligation of confidence shall cease three (3) years from the
date the information was furnished, unless the Borrower requests in writing
at least  thirty  (30) days  prior to the  expiration  of such  three  year
period,  to  maintain  the  confidentiality  of  such  information  for  an
additional  three (3) year period.  The  Borrower  waives any and all other
rights it may have to confidentiality  as against the Administrative  Agent
and the Lenders  arising by contract,  agreement,  statute or law except as
expressly stated in this Section 12.15.

Section 12.16.....Effectiveness.  This Agreement shall not become effective
or be binding on any party  hereto until the later to occur of (a) the date
on which  all of the  conditions  set  forth in  Section  6.01  herein  are
satisfied and (b) April 2, 2004.  The  Administrative  Agent shall promptly
notify  the  Borrower  and the  Lenders  of the date  such  conditions  are
satisfied (the "Effective  Date"),  and such notice shall be conclusive and
binding on all parties hereto.

Section 12.17.....Termination of Existing Agreement. The Existing Agreement
shall  terminate on the Effective  Date.  Thereupon,  the Borrower shall be
released  from  all  obligations  arising  under  the  Existing  Agreement.
Execution  of this  Agreement by the Existing  Lenders  shall  constitute a
waiver of the notice  provisions  in Section 2.04 and 12.02 of the Existing
Agreement. Upon termination of the Existing Agreement, the Existing Lenders
shall promptly return to the Borrower all Notes (as such term is defined in
the Existing  Agreement)  issued by the Borrower to such  Existing  Lenders
pursuant to the terms of the Existing  Agreement.  If any  Existing  Lender
fails to return a Note issued pursuant to the Existing Agreement, then such
Existing Lender shall indemnify Borrower against and hold and save Borrower
harmless from any loss, damage,  claim,  action,  cost, charge, and expense
suffered by Borrower as a result of such non-returned  Note,  provided that
if an Existing  Lender  subsequently  returns a Note issued pursuant to the
Existing  Agreement,  this Indemnity  shall  terminate with respect to such
Existing Lender.

Section  12.18.....MAP  Disposition.  Upon the  consummation of the sale or
disposition of all of the Borrower's  (and its  Subsidiaries')  interest in
the  equity  of  MAP to  Marathon  Oil  Company  (and/or  its  Affiliates),
reference to MAP herein shall be deemed to be of no further effect.

Section 12.19.....USA Patriot Act. Each Lender hereby notifies the Borrower
that pursuant to the requirements of the USA Patriot Act (Title III of Pub.
L. 107-56  (signed into law October 26, 2001)) (the "Act"),  it is required
to obtain, verify and record information that identifies the Borrower which
information  includes  the name  and  address  of the  Borrower  and  other
information  that will  allow  such  Lender to  identify  the  Borrower  in
accordance with the Act.





<PAGE>





         The parties  hereto have caused this Agreement to be duly executed
as of the day and year first above written.

BORROWER:                       ASHLAND INC.


                                By:______________________________
                                Name:  Daragh L. Porter
                                Title: Treasurer

                                Address for Notices:

                                If by hand (messenger or other courier) to:

                                500 Diederich Boulevard
                                Russell, Kentucky 41169
                                Attn: Treasurer
                                Facsimile No:  606-329-3883
                                Telephone No:  606-329-3825

                                and if by mail to:

                                Ashland Inc.
                                P.O. Box 391
                                Ashland, Kentucky 41105-0391
                                Attn:  Treasurer

                                in each case with a copy to:

                                Ashland Inc.
                                50 E. RiverCenter Boulevard
                                P.O. Box 391
                                Covington, Kentucky  41012-0391
                                Attn:  General Counsel
                                Facsimile No.  606-815-3823
                                Telephone No. 606-815-4711

                                and in the case of service of process only, to:

                                3475 Blazer Parkway
                                Lexington, KY 40509
                                Attn:  Steven L. Spalding



<PAGE>


                               with copy to:

                                Ashland Inc.
                                500 Diederich Boulevard
                                Russell, Kentucky 41169
                                Attn:  Treasurer

                                Borrower's Website:

                                www.ashland.com



<PAGE>


LENDER AND
AND ADMINISTRATIVE AGENT:       THE BANK OF NOVA SCOTIA



                                By:______________________________
                                Name:
                                Title:

                                Administrative Agent's Office
                                (for payments and Borrowing Notices):

                                The Bank of Nova Scotia
                                One Liberty Plaza
                                New York, New York  10006
                                Attn:                Judith Bookal
                                Telephone No:        212-225-5462
                                Facsimile No:        212-225-5145
                                E-Mail:         judy_bookal@scotiacapital.com

                                Account No.:         2504-14
                                Ref:                 Ashland Inc.
                                ABA#                 026 002532

                                Other Notices to Administrative Agent:

                                The Bank of Nova Scotia
                                One Liberty Plaza
                                New York, New York  10006
                                Attn:                Todd Meller
                                Telephone No:        212-225-5096
                                Facsimile No:        212-225-5254
                                E-Mail:  todd_meller@scotiacapital.com

                                The Bank of Nova Scotia Lending Office for Base
                                 Rate and Eurodollar Loans:

                                The Bank of Nova Scotia
                                One Liberty Plaza
                                New York, New York  10006
                                Attn:                Judith Bookal
                                Telephone No:        212-225-5462
                                Facsimile No:        212-225-5145
                                E-Mail:          judy_bookal@scotiacapital.com



<PAGE>


                                Address for Notices to The Bank of Nova
                                  Scotia, as Lender:

                               The Bank of Nova Scotia
                               One Liberty Plaza
                               New York, New York  10006
                               Attn:                Judith Bookal
                               Telephone No:        212-225-5462
                               Facsimile No:        212-225-5145
                               E-Mail:          judy_bookal@scotiacapital.com



<PAGE>


LENDER AND
CO-SYNDICATION AGENT:          SUNTRUST BANK


                               By:______________________________
                               Name:
                               Title:

                               Address for Operations Contact:

                               SunTrust Bank
                               Corporate Loan Specialist
                               Mail Code: Ga-Atlanta-1941
                               P.O. Box 4418
                               Atlanta, GA 30302-4418
                               Attn:                Bonnie Langley
                               Telephone No:        404-658-4624
                               Facsimile No:        404-230-1940
                               E-Mail:              bonnie.langley@suntrust.com

                               Address for Credit Contact:

                               SunTrust Bank
                               Mail Code: TN: Nashville:1937
                               P.O. Box 305110
                               Nashville, TN 37230
                               Attn:                Jim Sloan
                               Telephone No:        615-748-5745
                               Facsimile No:        615-748-5269
                               E-Mail:              jim.sloan@suntrust.com







<PAGE>


LENDER AND
CO-SYNDICATION AGENT:          BANK ONE, N.A.


                               By:______________________________
                               Name:
                               Title:

                               Address for Operations Contact:

                               Bank One, N.A.
                               Client Service Associate
                               1 Bank One Plaza, Suite JL1-0010
                               Chicago, IL 60670
                               Attn:                Deborah Turner
                               Telephone No:        312-385-7081
                               Facsimile No:        312-385-7097
                               E-Mail:              deborah_turner@bankone.com

                               Address for Credit Contact:

                               Bank One, N.A.
                               910 Travis Street, TX2-4375
                               Houston, TX 77002
                               Attn:                Jeanie Gonzalez
                               Telephone No:        713-751-6174
                               Facsimile No:        713-751-3982
                               E-Mail:              jeanie_gonzalez@bankone.com













<PAGE>


LENDER AND
DOCUMENTATION AGENT:            THE ROYAL BANK OF SCOTLAND PLC


                                By:______________________________
                                Name:
                                Title:

                                The Royal Bank of Scotland plc Lending Office
                                 for Base Rate and Eurodollar Loans:

                                The Royal Bank of Scotland
                                  New York Branch
                                101 Park Avenue, 12th Floor
                                New York, NY 10178

                                Address for Credit Information:

                                The Royal Bank of Scotland
                                600 Travis Street, Suite 6070
                                Houston, TX 77002
                                Attn:                David Slye, AVP
                                Telephone No:        713-221-2407
                                Facsimile No:        713-221-2430












<PAGE>


LENDER:                         THE BANK OF TOKYO-MITSUBISHI, LTD.,
                                CHICAGO BRANCH


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                The Bank of Tokyo-Mitsubishi, Ltd.
                                HFC-500 Plaza III
                                Jersey City, NJ 07311
                                Attn:                Jimmy Yu
                                Telephone No:        201-413-8566
                                Facsimile No:        201-521-2335

                                Address for Credit Information:

                                The Bank of Tokyo-Mitsubishi, Ltd.
                                227 West Monroe Street, Suite 2300
                                Chicago, IL 60606
                                Attn:                William J. Murray
                                Telephone No:        312-696-4653
                                Facsimile No:        312-696-4535








<PAGE>


LENDER:                         CITICORP USA, INC.


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                Citicorp USA, Inc.
                                Two Penn's Way
                                Suite 200
                                New Castle, DE 19720
                                Attn:                Dennis Banfield
                                Telephone No:        302-894-6109
                                Facsimile No:        212-994-0847

                                Address for Credit Information:

                                Citicorp USA, Inc.
                                1200 Smith Street
                                Suite 2000
                                Houston, TX 77002
                                Attn:                Amy Pincu
                                Telephone No:        713-654-2820
                                Facsimile No:        713-654-2849



<PAGE>




LENDER:                         CREDIT SUISSE FIRST BOSTON, ACTING THROUGH
                                 ITS CAYMAN ISLANDS BRANCH


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                Credit Suisse First Boston
                                One Madison Avenue
                                New York, NY 10010
                                Attn:                Ed Markowski
                                Telephone No:        212-538-3380
                                Facsimile No:        212-538-6851
                                E-Mail:              edward.markowski@csfb.com

                                Address for Credit Information:

                                Credit Suisse First Boston
                                Eleven Madison Avenue
                                New York, NY 10010
                                Attn:                Paul Colon
                                Telephone No:        212-325-5352
                                Facsimile No:        646-448-3397
                                E-Mail:              paul.colon@csfb.com



<PAGE>


LENDER:                         DEUTSCHE BANK AG NEW YORK BRANCH


                                By:______________________________
                                Name:
                                Title:



                                By:______________________________
                                Name:
                                Title:



                                Deutsche Bank AG New York Branch Lending Office
                                 for Base Rate and Eurodollar Loans:

                                Deutsche Bank AG New York Branch
                                60 Wall Street
                                New York, NY 10005


                                Address for Credit Information:

                                Deutsche Bank AG New York Branch
                                60 Wall Street, 11th Floor
                                New York, NY 10019
                                Attn:                Oliver Riedinger
                                Telephone No:        212-250-5210
                                Facsimile No:        212-797-4346
                                E-Mail:              oliver.riedinger@db.com



<PAGE>


LENDER:                         US BANK, N.A.


                                By:______________________________
                                Name:
                                Title:

                                US Bank, N.A. Lending Office for Base Rate
                                 and Eurodollar Loans:

                                US Bank, N.A.
                                US Bank Tower
                                425 Walnut Street, 8th Floor
                                Cincinnati, OH 45202


                                Address for Credit Information:

                                US Bank, N.A.
                                US Bank Tower
                                425 Walnut Street, 8th Floor
                                Cincinnati, OH 45202
                                Attn:                Richard Neltner
                                Telephone No:        513-632-4073
                                Facsimile No:        513-632-2068



<PAGE>


LENDER:                         BANK OF AMERICA, N.A.


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                Bank of America, N.A.
                                901 Main Street
                                Dallas, TX 75202
                                Attn:                Ben Cosgrove
                                Telephone No:        214-209-9254
                                Facsimile No:        214-290-9439

                                Address for Credit Information:

                                Bank of America, N.A.
                                901 Main Street
                                Dallas, TX 75202
                                Attn:                Kipling Davis
                                Telephone No:        214-209-0760
                                Facsimile No:        214-209-1286



<PAGE>


LENDER:                         NATIONAL CITY BANK OF KENTUCKY


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                National City Bank Of Kentucky
                                P.O. Box 36000
                                Louisville, KY 40233
                                Attn:                Mary Vincent
                                Telephone No:        502-581-4376
                                Facsimile No:        502-581-6794

                                Address for Credit Information:

                                National City Bank Of Kentucky
                                P.O. Box 36000
                                Louisville, KY 40233
                                Attn:                Judy Byron
                                Telephone No:        502-581-5612
                                Facsimile No:        502-581-4424



<PAGE>


LENDER:                         PNC BANK, NATIONAL ASSOCIATION


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                PNC Bank, National Association
                                500 First Avenue
                                Pittsburgh, PA 15219
                                Attn:                Sherri Collins
                                Telephone No:        412-766-7653
                                Facsimile No:        412-768-4586

                                Address for Credit Information:

                                PNC Bank, National Association
                                201 E. Fifth Street
                                Cincinnati, OH 45202
                                Attn:                Jeffrey L. Stein
                                Telephone No:        513-651-8692
                                Facsimile No:        513-651-8951



<PAGE>


LENDER:                         WACHOVIA BANK, NATIONAL ASSOCIATION


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                Wachovia Bank, National Association
                                201 S. College Street
                                Charlotte, NC 28266
                                Attn:                Jeremy Collins
                                Telephone No:        704-715-7662
                                Facsimile No:        704-715-0095

                                Address for Credit Information:

                                Wachovia Bank, National Association
                                1339 Chestnut Street
                                Philadelphia, PA 19107
                                Attn:                Denis Wahrich
                                Telephone No:        267-321-6713
                                Facsimile No:        267-321-6700



<PAGE>


LENDER:                         FIFTH THIRD BANK (NORTHERN KENTUCKY)


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                Fifth Third Bank (Northern Kentucky)
                                8100 Burlington Pk.
                                Florence, KY 41042
                                Attn:                Steffany Cain
                                Telephone No:        859-283-8210
                                Facsimile No:        859-283-8524

                                Address for Credit Information:

                                Fifth Third Bank (Northern Kentucky)
                                8100 Burlington Pk.
                                Florence, KY 41042
                                Attn:                John R. Love, Sr.
                                Telephone No:        859-283-6786
                                Facsimile No:        859-283-8524





<PAGE>


LENDER:                         KBC BANK N.V.


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                KBC Bank N.V.
                                New York Branch
                                125 West 55th Street
                                New York, NY 10019
                                Attn:                Rose Pagen
                                Telephone No:        212-541-0657
                                Facsimile No:        212-956-5581

                                Address for Credit Information:

                                KBC Bank N.V.
                                Atlanta Representative Office
                                245 Peachtree Center Avenue, Suite 2550
                                Atlanta, GA
                                Attn:                Jackie Brunetto
                                Telephone No:        404-584-5466
                                Facsimile No:        404-584-5465
                                E-Mail:              jacqueline.brunetto@kbc.be



<PAGE>


LENDER:                         MELLON BANK, N.A.


                                By:______________________________
                                Name:
                                Title:

                                Address for Operations Information:

                                Mellon Bank, N.A.
                                525 William Penn Place
                                Room 1203
                                Pittsburgh, PA 15259-0003
                                Attn:                Daria Armen
                                Telephone No:        412-234-1870
                                Facsimile No:        412-209-6129

                                Address for Credit Information:

                                Mellon Bank, N.A.
                                One Mellon Center
                                Room 4530
                                Pittsburgh, PA 15258
                                Attn:                Mark F. Johnston
                                Telephone No:        412-236-2293
                                Facsimile No:        412-236-1914











<PAGE>





                                  ANNEX 1
                            LIST OF COMMITMENTS


<TABLE>
<CAPTION>
                      NAME OF LENDER                              PERCENTAGE SHARE                COMMITMENT
                      --------------                              ----------------                -------------
<S>                                                                    <C>                        <C>
The Bank of Nova Scotia                                                10.000000%                 $25,000,000.00
Bank One, N.A.                                                          8.571429%                 $21,428,571.43
The Royal Bank of Scotland plc                                          8.571429%                 $21,428,571.43
SunTrust Bank                                                           8.571429%                 $21,428,571.43
The Bank of Tokyo-Mitsubishi, Ltd.                                      6.000000%                 $15,000,000.00
Citicorp USA, Inc.                                                      6.000000%                 $15,000,000.00
Credit Suisse First Boston                                              6.000000%                 $15,000,000.00
Deutsche Bank AG New York Branch                                        6.000000%                 $15,000,000.00
US Bank, N.A.                                                           6.000000%                 $15,000,000.00
Bank of America, N.A.                                                   6.000000%                 $15,000,000.00
National City Bank of Kentucky                                          5.142857%                 $12,857,142.86
PNC Bank, National Association                                          5.142857%                 $12,857,142.86
Wachovia Bank, National Association                                     5.142857%                 $12,857,142.86
Fifth Third Bank (Northern Kentucky)                                    4.285714%                 $10,714,285.71
KBC Bank N.V.                                                           4.285714%                 $10,714,285.71
Mellon Bank, N.A.                                                       4.285714%                 $10,714,285.71
TOTAL COMMITMENT                                                     100.000000%                 $250,000,000.00

</TABLE>

<PAGE>




                                EXHIBIT A-1

                                FORM OF NOTE
                  (3-Year REVOLVING CREDIT AGREEMENT NOTE)

$___________________________________               April 2, 2004


         FOR VALUE  RECEIVED,  ASHLAND  INC., a Kentucky  corporation  (the
"Borrower")     hereby    promises    to    pay    to    the    order    of
______________________________ (the "Lender"), at the Lending Office of THE
BANK    OF    NOVA    SCOTIA    (the     "Administrative     Agent"),    at
____________________________________________,    the   principal   sum   of
_____________ Dollars ($____________) (or such lesser amount as shall equal
the aggregate  unpaid  principal  amount of the Loans made by the Lender to
the Borrower under the Credit Agreement, as hereinafter defined), in lawful
money of the United States of America and in immediately  available  funds,
on the dates and in the principal amounts provided in the Credit Agreement,
and to pay interest on the unpaid  principal  amount of each such Loan,  at
such office, in like money and funds, for the period commencing on the date
of such Loan until such Loan shall be paid in full,  at the rates per annum
and on the dates provided in the Credit Agreement.

         The  date,  amount,  Type,  interest  rate,  Interest  Period  and
maturity of each Loan made by the Lender to the Borrower,  and each payment
made on account of the principal  thereof,  shall be recorded by the Lender
on its books and,  prior to any  transfer of this Note,  may be endorsed by
the Lender on the schedules attached hereto or any continuation  thereof or
on any separate record maintained by the Lender.

         This Note is one of the Notes referred to in the 3-Year  Revolving
Credit  Agreement,  dated as of April 2,  2004 (as  amended,  supplemented,
amended and restated or otherwise  modified from time to time,  the "Credit
Agreement), among the Borrower, the lenders from time to time party thereto
(including the Lender),  and The Bank of Nova Scotia, as the Administrative
Agent, and evidences Loans made by the Lender thereunder. Capitalized terms
used in this  Note have the  respective  meanings  assigned  to them in the
Credit Agreement.

         This  Note is  issued  pursuant  to the  Credit  Agreement  and is
entitled to the benefits provided for in the Credit  Agreement.  The Credit
Agreement  provides for the  acceleration of the maturity of this Note upon
the occurrence of certain  events,  for prepayments of Loans upon the terms
and  conditions  specified  therein and other  provisions  relevant to this
Note.


<PAGE>


         THIS  NOTE  (INCLUDING,  BUT NOT  LIMITED  TO,  THE  VALIDITY  AND
ENFORCEABILITY  HEREOF)  SHALL BE GOVERNED BY, AND  CONSTRUED IN ACCORDANCE
WITH,  THE LAWS OF THE STATE OF NEW YORK,  OTHER THAN THE  CONFLICT OF LAWS
RULES THEREOF.

                                ASHLAND INC.


                                By:______________________________
                                Name:
                                Title:




<PAGE>



                                EXHIBIT A-2

                                 [RESERVED]



<PAGE>



                                EXHIBIT B-1

           FORM OF BORROWING, CONTINUATION AND CONVERSION REQUEST
                    (3-YEAR REVOLVING CREDIT AGREEMENT)

                                                     __________ __, 200_


         ASHLAND INC., a Kentucky corporation (the "Borrower"), pursuant to
the  3-Year  Revolving  Credit  Agreement,  dated as of  April 2,  2004 (as
amended, supplemented, amended and restated or otherwise modified from time
to time, the "Credit Agreement),  among the Borrower, the lenders from time
to time party thereto,  and The Bank of Nova Scotia, as the  Administrative
Agent,  hereby makes the requests indicated below (unless otherwise defined
herein, capitalized terms are defined in the Credit Agreement):

     1.  Loans:
     (a) Aggregate amount of new Loans to be  $____________;
     (b) Requested funding date is __________ __, 200_;
     (c) $____________  of  such  borrowings  are to be  Eurodollar  Loans;
         $____________ of such borrowings are to be Base Rate Loans; and
     (d) Length   of   Interest    Period   for   Eurodollar    Loans   is:
         _________________________.
     2.  Eurodollar  Loan  Continuation  for  Eurodollar  Loans maturing on
         __________ __, 200_:
     (a) Aggregate   amount  to  be  continued  as   Eurodollar   Loans  is
         $____________;
     (b) Aggregate   amount  to  be   converted   to  Base  Rate  Loans  is
         $____________;
     (c) Length  of  Interest  Period  for  continued  Eurodollar  Loans is
         _________________.
     (d) Length  of  Interest  Period  for  continued  Base  Rate  Loans is
         ____________________.
     3.  Base  Rate  Loan  Continuation  for Base Rate  Loans  maturing  on
         __________ __, 200_:
     (a) Aggregate   amount  to  be  continued  as   Eurodollar   Loans  is
         $____________;
     (b) Aggregate   amount  to  be   converted   to  Base  Rate  Loans  is
         $____________;
     (c) Length  of  Interest  Period  for  continued  Eurodollar  Loans is
         _________________.
     (d) Length  of  Interest  Period  for  continued  Base  Rate  Loans is
         _________________.
     4.  Aggregate   amount  to  be   converted   to  Base  Rate  Loans  is
         $____________;
     (a) Aggregate   amount  to  be  converted  to   Eurodollar   Loans  is
         $____________;
     (b) Length  of  Interest  Period  for  converted  Eurodollar  Loans is
         _________________.
     5.  Conversion of  Outstanding  Base Rate Loans to  Eurodollar  Loans:
         Convert  $____________  of the  outstanding  Base  Rate  Loans  to
         Eurodollar Loans on __________ __, 200_ with an Interest Period of
         ________________.
     6.  Conversion  of  outstanding  Eurodollar  Loans to Base Rate Loans:
         Convert  $____________  of the outstanding  Eurodollar  Loans with
         Interest  Period  maturing on  __________  __, 200_,  to Base Rate
         Loans.

         The undersigned certifies that he is the  _____________________ of
the Borrower, and that as such he is authorized to execute this certificate
on behalf of the Borrower.  The undersigned  further certifies,  represents
and  warrants on behalf of the  Borrower  that the  Borrower is entitled to
receive the requested borrowing, continuation or conversion under the terms
and conditions of the Credit Agreement.

                                ASHLAND INC.


                                By:______________________________
                                Name:
                                Title:




<PAGE>



                                EXHIBIT B-2

                          FORM OF ISSUANCE REQUEST




The Bank of Nova Scotia,
  as Administrative Agent
One Liberty Plaza
New York, New York 10006
Attention: _______________


           Re:      3-Year Revolving Credit Agreement, dated as of April 2,
                    2004 (together with all amendments,  if any, thereafter
                    from   time  to  time   made   thereto,   the   "Credit
                    Agreement"),  among Ashland Inc. (the "Borrower"),  the
                    various financial  institutions as are or may from time
                    to  time   thereafter   become  parties   thereto  (the
                    "Lenders")   and  The   Bank  of   Nova   Scotia   (the
                    "Administrative Agent").

Ladies and Gentlemen:

         This Issuance Request is delivered to you pursuant to Section 2.03
of the Credit Agreement. Unless otherwise defined herein, terms used herein
have the meanings assigned to them in the Credit Agreement.

         The Borrower hereby requests that on _________, 20__ (the "Date of
Issuance")  _______________  (the  "Issuer")  1[issue a [Standby  Letter of
Credit]  [Documentary  Letter of Credit] in the  initial  Stated  Amount of
$_______________  with  a  Stated  Expiry  Date  (as  defined  therein)  of
______________, 20__] [extend the Stated Expiry Date of a Standby Letter of
Credit (as defined under Irrevocable Standby Letter of Credit No.__, issued
on  __________________________,  20 __,  in the  initial  Stated  Amount of
$______________)  to a revised  Stated Expiry Date (as defined  therein) of
_________________, 20__].

         The  beneficiary  of the  requested  2[Standby  Letter of  Credit]
[Documentary  Letter of Credit]  will be  3_______________________________,
and such [Standby Letter of Credit]  [Documentary Letter of Credit] will be
in support of 4________________________________.

         The Borrower hereby acknowledges that, pursuant to Section 6.02 of
the Credit Agreement, each of the delivery of this Issuance Request and the
5[[issuance][extension]  of the Standby Letter of Credit]  [issuance of the
Documentary Letter of Credit] requested hereby constitutes a representation
and warranty by the Borrower that, on such date of 6[issuance]  [extension]
all  statements  set  forth in  Section  6.02 are true and  correct  in all
material respects.

         The   Borrower   agrees  that  if,   prior  to  the  time  of  the
7[[issuance][extension]  of the Standby Letter of Credit]  [issuance of the
Documentary  Letter of Credit]  requested  hereby,  any matter certified to
herein by it will not be true and correct at such time as if then made,  it
will immediately so notify the Administrative  Agent. Except to the extent,
if any,  that  prior to the time of the  issuance  or  extension  requested
hereby the Administrative Agent and the Issuer shall receive written notice
to the contrary from the Borrower, each matter certified to herein shall be
deemed to be certified at the date of such issuance or extension.



<PAGE>


    IN WITNESS WHEREOF, the Borrower has caused this request to be executed
and delivered by its Authorized Officer this __ day of __________, 20__.


                                               ASHLAND INC.


                                               By:___________________________
                                               Title:

<PAGE>



                                 EXHIBIT C

                       FORM OF COMPLIANCE CERTIFICATE
                    (3-YEAR REVOLVING CREDIT AGREEMENT)


         The undersigned  hereby certifies that he is the  ________________
of ASHLAND INC., a Kentucky  corporation  (the "Borrower") and that as such
he is  authorized  to execute this  certificate  on behalf of the Borrower.
With reference to the 3-Year Revolving Credit Agreement,  dated as of April
2, 2004 (as  amended,  supplemented,  amended  and  restated  or  otherwise
modified from time to time, the "Credit Agreement), among the Borrower, the
Lenders,  and The Bank of Nova Scotia,  as the  Administrative  Agent,  the
undersigned  represents and warrants as follows (each capitalized term used
herein having the same meaning given to it in the Credit  Agreement  unless
otherwise specified):

                  (a) The  representations  and  warranties of the Borrower
         contained  in Article VII of the Credit  Agreement  and  otherwise
         made in writing by or on behalf of the  Borrower  pursuant  to the
         Credit Agreement were true and correct when made, and are repeated
         at and as of the time of delivery  hereof and are true and correct
         at and as of the time of  delivery  hereof,  except to the  extent
         such  representations  and warranties are expressly  limited to an
         earlier date or the Majority  Lenders have expressly  consented in
         writing to the contrary.

                  (b) The Borrower  has  performed  and  complied  with all
         agreements  and  conditions  contained  in  the  Credit  Agreement
         required to be performed or complied with by it prior to or at the
         time of delivery hereof.

                  (c) Since  September  30,  2003 there has not  occurred a
         material  adverse  change in the financial  position or results of
         operation of the Borrower and its Subsidiaries taken as a whole.

                  (d) There exists as of the date hereof,  or, after giving
         effect to the Loan or Loans (if any) with  respect  to which  this
         certificate is being  delivered,  will exist, no Default under the
         Credit Agreement.

                  (e)  All  financial   statements  furnished  herewith  or
         heretofore pursuant to Sections 8.01(a) and (b) have been prepared
         in accordance with GAAP.

                  (f) [CERTIFICATION AND CALCULATION AS TO LEVERAGE RATIO]



<PAGE>


                  EXECUTED AND DELIVERED this _____ day of __________, 200_.

                                ASHLAND INC.


                                By:______________________________
                                Name:
                                Title:




<PAGE>



                                  EXHIBIT D

                           FORM OF LEGAL OPINION


                               April 2, 2004


To the Lenders and the Administrative Agent
hereinafter referred to
c/o The Bank of Nova Scotia, as the
Administrative Agent
One Liberty Plaza
New York, New York  10006

         Re:      3-Year Revolving Credit Agreement

Ladies and Gentlemen:

         I am a Senior Counsel with Ashland Inc. (the "Company"),  and have
advised  the  Company  in  connection  with  the  3-Year  Revolving  Credit
Agreement,  dated as of April 2, 2004 (the "Credit  Agreement"),  among the
Company, the Lenders listed on the signature pages thereof, and The Bank of
Nova Scotia, as the Administrative Agent. This opinion is rendered pursuant
to Section 6.01(vi) of the Credit Agreement.  Capitalized terms used herein
that are not otherwise  defined shall have the meanings ascribed to them in
the Credit Agreement.

         In connection  with this opinion,  I have examined or caused to be
examined  originals  or copies,  certified or  otherwise  identified  to my
satisfaction, of such documents,  corporate records, certificates of public
officials   and  other   instruments   and  have   conducted   such   other
investigations  of fact and law as I have deemed  necessary or advisable in
order to deliver  this  opinion.  In said  examination  I have  assumed the
genuineness  of all  signatures  (other  than the  signature  of the person
executing  the  Credit  Agreement  on  behalf  of the  Company),  the legal
capacity of natural persons, the authenticity of all documents submitted to
me as  originals,  the  conformity  to original  documents of all documents
submitted to me as certified or photostatic copies, and the authenticity of
the  originals of such  copies.  In giving this opinion I have relied as to
matters of fact upon certificates of officers of the Company,  certificates
of public officials,  the  representations  of the Company in Sections 7.07
and 7.08 of the Credit Agreement and the  representations of the Lenders in
Section 4.06(d) of the Credit Agreement.

         Based upon and  subject  to the  foregoing,  and the  limitations,
qualifications and exceptions set forth below, I am of the opinion that:

1. The Company (i) is duly,  organized or formed,  legally  existing and in
good standing under the laws of the Commonwealth of Kentucky,  (ii) has all
requisite   power,   and   has   all   material   governmental    licenses,
authorizations,  consents  and  approvals  necessary  to own its assets and
carry on its  business  as now being or as proposed  to be  conducted;  and
(iii) is qualified to do business in all  jurisdictions in which the nature
of the business  conducted  by it makes such  qualification  necessary  and
where failure so to qualify would have a Material Adverse Effect.

2. Neither the execution and delivery of the Credit Agreement and the Notes
by the Company,  nor compliance with the terms and conditions  thereof will
conflict  with or result in a breach of, or require any  consent  which has
not  been  obtained  with  respect  to  the  Third  Restated   Articles  of
Incorporation  or By-laws of the Company,  as amended,  or any Governmental
Requirement  or any  indenture  or loan or  credit  agreement  or any other
material  agreement  or  instrument  to which the  Company is a party or by
which  it is  bound  or to  which  it or its  Properties  are  subject,  or
constitute a default  under any such  indenture,  agreement or  instrument,
which would  materially  adversely  affect the  ability of the  Borrower to
perform  its  obligations  under  the  Credit  Agreement  or  result in the
creation or  imposition  of any Lien upon any of the  revenues or assets of
the Company or any  Subsidiary  pursuant to the terms of any such agreement
or instrument.

3. The Company has all necessary  power and  authority to execute,  deliver
and perform its obligations  under the Credit  Agreement and the Notes; and
the  execution,  delivery  and  performance  by the  Company  of the Credit
Agreement and the Notes,  have been duly authorized by all necessary action
on its part;  and the Company has duly  executed and  delivered  the Credit
Agreement and the Notes;  and the Credit Agreement and the Notes constitute
the legal,  valid and binding  obligations  of the Company,  enforceable in
accordance with their terms.

4. Except as have been previously obtained, no authorizations, approvals or
consents  of,  and no  filings  or  registrations  with,  any  Governmental
Authority are necessary for the  execution,  delivery or performance by the
Company  of the  Credit  Agreement  or the  Notes  or for the  validity  or
enforceability thereof.

5.  Except  as  otherwise  disclosed,   there  is  no  litigation,   legal,
administrative or arbitral proceeding, investigation or other action of any
nature pending or, to the knowledge of the Company,  threatened  against or
affecting the Company or any Subsidiary the probable outcome of which would
adversely affect the validity or  enforceability of the Credit Agreement or
any of the Notes, or would have a Material Adverse Effect.

6.  The  Company  is  not  an  "investment  company"  nor  is it a  company
"controlled"  by  an  "investment  company,"  within  the  meaning  of  the
Investment Company Act of 1940.

7. The Company is not a "holding  company," or a "subsidiary  company" of a
"holding  company,"  or an  "affiliate"  of a  "holding  company,"  or of a
"subsidiary  company" of a "holding  company," or a "public utility" within
the meaning of the Public Utility Holding Company Act of 1935, as amended.

         This opinion is  qualified  to the extent that the binding  effect
and enforceability of the agreements and instruments  referred to above are
subject to applicable bankruptcy, insolvency,  reorganization,  moratorium,
and other similar laws of general  application  in effect from time to time
relating to or  affecting  the rights of creditors  generally  and that the
enforceability  thereof  may be  limited  by  the  application  of  general
principles of equity. Any declaration of default for events of dissolution,
liquidation,  bankruptcy, or reorganization of the Company and the exercise
of remedies upon any such  declaration,  shall be subject to any applicable
limitations  of  federal   bankruptcy  law  affecting  or  precluding  such
declaration or exercise during the pendency of or immediately following any
bankruptcy, liquidation or reorganization.

         In rendering  the opinion  given above my opinion has been limited
to the laws of the Commonwealth of Kentucky, the State of New York, and the
federal  laws  of the  United  States.  I am a  member  of  the  Bar of the
Commonwealth of Kentucky and of the State of Ohio and the State of Ohio and
do not purport to be an expert on the law of other jurisdictions or federal
laws and have not made any  independent  investigation  of such other laws.
With  regard  to the laws of the  State of New York  which may apply to the
Credit  Agreement and the Notes,  I have assumed that the laws of the State
of  New  York  that  customarily  apply  to  such  types  of  documents  in
transactions of this kind are not materially  dissimilar to the laws of the
Commonwealth of Kentucky;  provided,  however, that I express no opinion as
to  the  applicability  or  enforceability  of the  laws  of  either  state
regarding  commercial  paper and  negotiable  instruments.  With  regard to
federal laws which may apply to the Credit  Agreement and the Notes, I have
relied on other attorneys of the Company who are experts on such laws.

         This  opinion is  rendered  solely to you in  connection  with the
above  matter.  This  opinion  may not be relied  upon by you for any other
purpose or relied  upon by or  furnished  to any person  other than  Mayer,
Brown, Rowe & Maw LLP without my prior written consent.

                               Very truly yours,



                               Jami K. Suver



<PAGE>



                                 EXHIBIT E

                        FORM OF ASSIGNMENT AGREEMENT
                    (3-Year REVOLVING CREDIT AGREEMENT)


     THISASSIGNMENT  AGREEMENT,  dated  as of  __________  __,  200_  (this
"Agreement"),   is  between:   ---------   _________________________   (the
"Assignor")  and  _________________________   (the  "Assignee").   --------
--------

                                  RECITALS

         A.  The  Assignor  is a  party  to  the  3-Year  Revolving  Credit
Agreement, dated as of April 2, 2004 (as amended, supplemented, amended and
restated or otherwise  modified from time to time, the "Credit  Agreement),
among Ashland Inc., a Kentucky  corporation (the  "Borrower"),  the lenders
from  time to time  party  thereto,  and The  Bank of Nova  Scotia,  as the
Administrative Agent.

         B. The  Assignor  proposes  to sell,  assign and  transfer  to the
Assignee,  and the  Assignee  proposes  to  purchase  and  assume  from the
Assignor, [all][a portion] of the Assignor's Commitment, outstanding Loans,
all on the terms and conditions of this Agreement.

         C.   In   consideration   of  the   foregoing   and   the   mutual
representations   contained  herein,   and  for  other  good  and  valuable
consideration,   the   receipt   and   sufficiency   of  which  are  hereby
acknowledged, the parties hereto agree as follows:

ARTICLE I
                                DEFINITIONS

Section 1.01 Definitions. All capitalized terms used but not defined herein
have the respective meanings  ----------- given to such terms in the Credit
Agreement.

Section 1.02 Other  Definitions.  As used herein,  the following terms have
the following respective meanings: -----------------

         "Assigned  Interest" shall mean all of Assignor's (in its capacity
as a "Lender") rights and obligations under the Credit Agreement in respect
of the  Commitment  of  the  Assignor  in the  principal  amount  equal  to
$____________,  and to make  Loans  under the  Commitment  and any right to
receive payments for the Loans  outstanding  under the Commitment  assigned
hereby of $____________  (the "Loan  Balance"),  plus the interest and fees
which will accrue from and after the Assignment Date.

         "Assignment Date" shall mean __________ __, 200_.

ARTICLE II
                            SALE AND ASSIGNMENT

Section 2.01 Sale and  Assignment.  On the terms and  conditions  set forth
herein,  effective on and as of the Assignment  Date,  the Assignor  hereby
sells,  assigns and  transfers to the  Assignee,  and the  Assignee  hereby
purchases  and  assumes  from the  Assignor,  all of the  right,  title and
interest  of the  Assignor  in and to,  and all of the  obligations  of the
Assignor in respect of, the Assigned  Interest.  Such sale,  assignment and
transfer is without  recourse  and,  except as  expressly  provided in this
Agreement, without representation or warranty.

Section  2.02  Assumption  of  Obligations.  The  Assignee  agrees with the
Assignor (for the express  benefit of the Assignor and the  Borrower)  that
the Assignee will, from and after the Assignment  Date,  perform all of the
obligations of the Assignor in respect of the Assigned  Interest.  From and
after the  Assignment  Date:  (a) the Assignor  shall be released  from the
Assignor's  obligations  in respect of the Assigned  Interest,  and (b) the
Assignee  shall be entitled  to all of the  Assignor's  rights,  powers and
privileges under the Credit Agreement in respect of the Assigned Interest.

Section 2.03 Consent by  Administrative  Agent. By executing this Agreement
as  provided  below,  in  accordance  with  Section  12.06(b) of the Credit
Agreement,  the  Administrative  Agent  hereby  acknowledges  notice of the
transactions   contemplated   by  this   Agreement  and  consents  to  such
transactions.

ARTICLE III
                                  PAYMENTS

Section  3.01  Payments.  As  consideration  for the sale,  assignment  and
transfer  contemplated  by Section 2.01 hereof,  the Assignee shall, on the
Assignment Date, assume  Assignor's  obligations in respect of the Assigned
Interest and pay to the Assignor amounts equal to the Loan Balance, if any.
An amount  equal to all accrued and unpaid  interest and fees shall be paid
to the  Assignor  as  provided  in  Section  3.02  (iii)  below.  Except as
otherwise provided in this Agreement,  all payments hereunder shall be made
in Dollars and in immediately available funds, without setoff, deduction or
counterclaim.

Section 3.02  Allocation of Payments.  The Assignor and the Assignee  agree
that (i) the Assignor  shall be entitled to any payments of principal  with
respect  to the  Assigned  Interest  made  prior  to the  Assignment  Date,
together  with any interest and fees with respect to the Assigned  Interest
accrued prior to the Assignment  Date,  (ii) the Assignee shall be entitled
to any payments of principal  with  respect to the Assigned  Interest  made
from and after the Assignment Date,  together with any and all interest and
fees with  respect to the  Assigned  Interest  accruing  from and after the
Assignment  Date,  and (iii) the  Administrative  Agent is  authorized  and
instructed to allocate  payments received by it for account of the Assignor
and the Assignee as provided in the  foregoing  clauses.  Each party hereto
agrees that it will hold any  interest,  fees or other  amounts that it may
receive to which the other party hereto  shall be entitled  pursuant to the
preceding  sentence  for account of such other party and pay, in like money
and  funds,  any such  amounts  that it may  receive  to such  other  party
promptly upon receipt.

Section  3.03  Delivery  of Notes.  Promptly  following  the receipt by the
Assignor  of the  consideration  required  to be paid  under  Section  3.01
hereof, the Assignor shall, in the manner  contemplated by Section 12.06(b)
of the Credit Agreement,  (i) deliver to the  Administrative  Agent (or its
counsel) the Notes held by the Assignor and (ii) notify the  Administrative
Agent to request  that the  Borrower  execute  and deliver new Notes to the
Assignor, if Assignor continues to be a Lender, and the Assignee, dated the
Assignment  Date in respective  principal  amounts equal to the  respective
Commitments of the Assignor (if  appropriate) and the Assignee after giving
effect to the sale, assignment and transfer contemplated hereby.

Section 3.04 Further Assurances. The Assignor and the Assignee hereby agree
to execute and deliver such other instruments, and take such other actions,
as either party may reasonably  request in connection with the transactions
contemplated by this Agreement.

ARTICLE IV
                            CONDITIONS PRECEDENT

Section  4.01  Conditions   Precedent.   The  effectiveness  of  the  sale,
assignment and transfer  contemplated hereby is subject to the satisfaction
of each of the following conditions precedent:

(a)      the execution  and delivery of this  Agreement by the Assignor and
         the Assignee;

(b)      the  receipt by the  Assignor  of the  payment  required to be made
         by the  Assignee  under  Section  3.01 hereof; and

(c)      the  acknowledgment  and  consent  by  the  Administrative   Agent
         contemplated by Section 2.04 hereof.

ARTICLE V
                       REPRESENTATIONS AND WARRANTIES

Section 5.01  Representations and Warranties of the Assignor.6 The Assignor
represents and warrants to the Assignee as follows:

(a)      it has all requisite power and authority, and has taken all action
         necessary to execute and deliver this Agreement and to fulfill its
         obligations  under, and consummate the  transactions  contemplated
         by, this Agreement;

(b)      the execution,  delivery and  compliance  with the terms hereof by
         Assignor  and  the  delivery  of all  instruments  required  to be
         delivered  by it  hereunder  do  not  and  will  not  violate  any
         Governmental Requirement applicable to it;

(c)      this  Agreement  has been duly  executed  and  delivered by it and
         constitutes  the  legal,  valid  and  binding  obligation  of  the
         Assignor, enforceable against it in accordance with its terms;

(d)      all  approvals  and  authorizations  of, all filings  with and all
         actions by any Governmental  Authority  necessary for the validity
         or  enforceability  of its  obligations  under this Agreement have
         been obtained;

(e)      the  Assignor  has  good  title  to,  and is the  sole  legal  and
         beneficial owner of, the Assigned Interest,  free and clear of all
         Liens,  claims,  participations  or other  charges  of any  nature
         whatsoever; and

(f)      the  transactions  contemplated  by this  Agreement are commercial
         banking  transactions  entered into in the ordinary  course of the
         banking business of the Assignor.

Section  5.02  Disclaimer.  Except as  expressly  provided in Section  5.01
hereof,  the Assignor  does not make any  representation  or warranty,  nor
shall it have any  responsibility  to the  Assignee,  with  respect  to the
accuracy  of  any  recitals,  statements,   representations  or  warranties
contained in the Credit  Agreement or in any  certificate or other document
referred to or provided for in, or received by any Lender under, the Credit
Agreement,  or  for  the  value,  validity,   effectiveness,   genuineness,
execution,  effectiveness,  legality,  enforceability or sufficiency of the
Credit  Agreement,  the Notes or any other document referred to or provided
for therein or for any failure by the Borrower or any other  Person  (other
than  Assignor)  to perform any of its  obligations  thereunder  or for the
existence,  value, perfection or priority of any collateral security or the
financial or other  condition of the  Borrower or the  Subsidiaries  or any
other  obligor or  guarantor,  or any other  matter  relating to the Credit
Agreement or any extension of credit thereunder.

Section 5.03  Representations and Warranties of the Assignee.  The Assignee
represents and warrants to the Assignor as follows:

(a)      it has all requisite power and authority, and has taken all action
         necessary to execute and deliver this Agreement and to fulfill its
         obligations  under, and consummate the  transactions  contemplated
         by, this Agreement;

(b)      the execution,  delivery and  compliance  with the terms hereof by
         Assignee  and  the  delivery  of all  instruments  required  to be
         delivered  by it  hereunder  do  not  and  will  not  violate  any
         Governmental Requirement applicable to it;

(c)      this  Agreement  has been duly  executed  and  delivered by it and
         constitutes  the  legal,  valid  and  binding  obligation  of  the
         Assignee, enforceable against it in accordance with its terms;

(d)      all  approvals  and  authorizations  of, all filings  with and all
         actions by any Governmental  Authority  necessary for the validity
         or  enforceability  of its  obligations  under this Agreement have
         been obtained;

(e)      the Assignee has fully reviewed the terms of the Credit  Agreement
         and has independently and without reliance upon the Assignor,  and
         based on such information as the Assignee has deemed  appropriate,
         made its own  credit  analysis  and  decision  to enter  into this
         Agreement;

(f)      the Assignee hereby affirms that the representations  contained in
         Section  4.06(d)(i)(1)  of  the  Credit  Agreement  are  true  and
         accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to
         the   Assignee,   Assignee   shall   promptly   deliver   to   the
         Administrative  Agent and the Borrower such  certifications as are
         required  thereby to avoid the  withholding  taxes  referred to in
         Section 4.06; and

(g)      the  transactions  contemplated  by this  Agreement are commercial
         banking  transactions  entered into in the ordinary  course of the
         banking business of the Assignee.

ARTICLE VI
                               MISCELLANEOUS

Section 6.01  Notices.  All notices and other  communications  provided for
herein (including,  without  limitation,  any modifications of, or waivers,
requests  or  consents  under,  this  Agreement)  shall be given or made in
writing  (including,  without  limitation,  by telex or  facsimile)  to the
intended recipient at its "Address for Notices" specified below its name on
the signature pages hereof or, as to either party, at such other address as
shall be designated by such party in a notice to the other party.

Section  6.02  Amendment,  Modification  or Waiver.  No  provision  of this
Agreement  may be amended,  modified or waived  except by an  instrument in
writing  signed by the Assignor and the  Assignee,  and consented to by the
Administrative Agent.

Section 6.03  Successors and Assigns.  This Agreement shall be binding upon
and  inure to the  benefit  of the  parties  hereto  and  their  respective
successors and permitted assigns.  The  representations and warranties made
herein by the Assignee are also made for the benefit of the  Administrative
Agent and the  Borrower,  and the Assignee  agrees that the  Administrative
Agent and the Borrower are entitled to rely upon such  representations  and
warranties.

Section 6.04 Assignments. Neither party hereto may assign any of its rights
or obligations  hereunder except in accordance with the terms of the Credit
Agreement.

Section 6.05 Captions.  The captions and section headings  appearing herein
are included  solely for  convenience  of reference and are not intended to
affect the interpretation of any provision of this Agreement.

Section 6.06 Counterparts.  This Agreement may be executed in any number of
counterparts,  each of which  shall be  identical  and all of which,  taken
together,  shall  constitute one and the same  instrument,  and each of the
parties hereto may execute this Agreement by signing any such counterpart.

Section 6.07      Governing  Law. This  Agreement  shall be governed by, and
construed in accordance  with, the law of the State of ________________.

Section 6.08 Expenses.  To the extent not paid by the Borrower  pursuant to
the terms of the Credit  Agreement,  each party  hereto  shall bear its own
expenses in connection with the execution, delivery and performance of this
Agreement.

Section  6.09  Waiver of Jury  Trial.  EACH OF THE  PARTIES  HERETO  HEREBY
IRREVOCABLY  WAIVES,  TO THE FULLEST  EXTENT  PERMITTED BY LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL  PROCEEDING  ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

         IN WITNESS WHEREOF, the parties hereto have caused this Assignment
Agreement to be executed and delivered as of the date first above written.
<TABLE>
<CAPTION>
<S>                                                 <C>

                                                     [NAME OF ASSIGNOR]


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Notices:




                                                     Facsimile No:
                                                                  -------------------------------------------------
                                                     Telephone No:
                                                                  -------------------------------------------------
                                                     Attention:
                                                               ----------------------------------------------------


                                                     [NAME OF ASSIGNEE]


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Notices:




                                                     Facsimile No:
                                                                  -------------------------------------------------
                                                     Telephone No:
                                                                  -------------------------------------------------
                                                     Attention:
                                                               ----------------------------------------------------



<PAGE>

</TABLE>

ACKNOWLEDGED AND CONSENTED TO:

<PAGE>




THE BANK OF NOVA SCOTIA,
as the Administrative Agent


By:______________________________
      Name:
      Title:


[ASHLAND INC.


By:______________________________
      Name:
      Title:]



<PAGE>




                                EXHIBIT F-1

                                 [RESERVED]



<PAGE>




                                EXHIBIT F-2

                                 [RESERVED]



<PAGE>




                                 EXHIBIT G

                                 [RESERVED]



<PAGE>




                                 EXHIBIT H

                                 [RESERVED]



<PAGE>




                               SCHEDULE 7.03

                                 LITIGATION


Please refer to the Borrower's public filings with the SEC for a disclosure
of litigation matters.



<PAGE>




                               SCHEDULE 7.08

                            MULTIEMPLOYER PLANS

<TABLE>
<CAPTION>


------------------------- --------------------------------------------------------------------------------------------
Multiemployer    Pension             Contributions on a Calendar Year Basis for the Prior 5 Calendar Years
Plan Names
                                   2003                2002              2001                 2000               1999
------------------------- -------------- ------------------- ------------------ ------------------- ------------------
<S>                         <C>                 <C>                 <C>                <C>                <C>
WESTERN CONFERENCE OF       $175,161.45         $187,129.98         $81,547.46         $169,835.06        $166,708.42
TEAMSTERS FAIRFIELD CA

CENTRAL STATES LOCAL        $110,360.00          $93,578.00         $75,090.00          $77,200.96         $57,632.00
#618 ST. LOUIS

CENTRAL PA TEAMSTER          $90,118.00         $159,160.00        $192,452.00         $224,081.10        $251,842.30
PENSION FUND

CENTRAL STATES LOCAL         $43,180.00          $42,755.00         $44,200.00          $45,050.00         $44,200.00
#89 LOUISVILLE

CENTRAL STATES LOCAL              $0.00               $0.00         $12,700.00          $24,365.00         $24,348.00
#364 SOUTH BEND

CENTRAL STATES LOCAL              $0.00               $0.00              $0.00               $0.00              $0.00
#236  KUTTAWA, KY

CENTRAL STATES LOCAL        $160,456.00         $140,290.00        $130,290.00         $142,859.25        $121,153.00
#781 CHICAGO

INTERNATIONAL               $186,809.00         $185,951.00        $171,542.00         $165,681.00        $160,519.00
BROTHERHOOD OF
TEAMSTERS LOCAL #705
CHICAGO

CENTRAL STATES LOCAL              $0.00               $0.00              $0.00               $0.00              $0.00
#114 CINCINNATI, OH

CENTRAL STATES LOCAL              $0.00               $0.00              $0.00               $0.00              $0.00
#135  RICHMOND, IN

Teamster Central States      $57,180.00         $152,099.00        $343,607.55          $69,390.00        $167,232.00
 Local 516
Health, Welfare
And Pension Fund

Teamsters Fringe             170,911.10          173,434.25         160,190.28          145,750.43         154,970.23
Benefit Program
3100 Broadway, Suite 300
Kansas City, MO 64111

Carpenters Fringe            156,278.92          181,194.47            101,372          117,040.44         141,541.95
Benefit Program
3100 Broadway, Suite 609
Kansas City, MO 64111

Masonry Industry Fringe       41,596.00           45,996.00          37,046.25           22,696.25          40,505.00
Benefits
10100 Santa Fe Drive
Overland Park, KS 66212

Operating Engineers                0.00         $335,184.11        $409,007.85         $167,176.82          $4,643.53
Local 101
301 East Armour Rd,
Suite 203
Kansas City, MO 64111

MoKan Ironworkers Fringe     130,714.02          189,992.86         106,567.61           81,581.22          75,545.57
9233 Ward Parkway,
Suite 364
Kansas City, MO 64111

Const. Ind. Laborers         324,402.47         $431,557.29        $466,551.59         $649,380.97        $713,045.42
Welfare
116 Commerce Dr.
Jefferson City, MO 65101

Kansas Building Trades             0.00            7,608.56          31,845.74           78,687.60          83,766.37
PO Box 5049
Topeka, KS 66605

Oklahoma Operating            57,043.30           56,048.20          78,513.97              67,262          51,412.95
Engineers
6363 E. 31st Street
Tulsa, OK 74135

Operating Engineers          687,740.65          735,132.97         568,301.86          481,121.62         387,944.80
Local 101
301 East Armour Rd,
Suite 203
Kansas City, MO 64111

Const. Ind. Laborers               0.00          331,041.98         211,724.21          166,422.28         225,545.25
Welfare
116 Commerce Dr.
Jefferson City, MO 65101

Teamsters Fringe                   0.00          $31,273.78         $44,613.91          $63,670.49         $57,230.36
Benefit Program
3100 Broadway, Suite 300
Kansas City, MO 64111

Teamsters Fringe                                                    $22,611.49          $28,745.97         $30,244.35
Benefits

Central Pension Fund                            $281,512.75        $298,756.28         $198,454.53        $198,828.95
Dept. 76
Washington, DC 20055

Construction Industry                                              $142,741.16         $144,522.05        $148,385.81
Laborers

Cement Masons Health &                                                                                     $10,127.95
Welfare

IUOE Local 627 Fringe                                                                   $23,556.89         $14,774.40
Benefits Fund

I.U.O.E. Local 513                              $536,087.79         $17,806.62               $0.00         $80,225.00
3449 Hollenberg Drive
#150
Bridgeton, MO.
63044-2496


</TABLE>

Note:  Arkhola also paid the  remaining  $91,529.66 in 2002 of the assessed
withdrawal  liability relating to Teamsters Local 373 that we reported in a
prior year.




<PAGE>




                               SCHEDULE 7.09

                                   TAXES


None.



<PAGE>



                               SCHEDULE 7.14

                           ENVIRONMENTAL MATTERS


None.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>11
<FILENAME>ex1022.txt
<DESCRIPTION>EXHIBIT 10.22 364-DAY $100 MILLION REVOLVING CREDIT AGREEMENT
<TEXT>
                                                              EXECUTION COPY






                     364-DAY REVOLVING CREDIT AGREEMENT
                                $100,000,000



                         DATED AS OF APRIL 2, 2004



                                   AMONG



                                ASHLAND INC.
                                AS BORROWER,



                          THE BANK OF NOVA SCOTIA,
                           AS SOLE LEAD ARRANGER
                                    AND
                      SOLE AND EXCLUSIVE BOOK MANAGER



                               SUNTRUST BANK
                              BANK ONE, N.A.,
                          AS CO-SYNDICATION AGENTS


                      THE ROYAL BANK OF SCOTLAND PLC,
                           AS DOCUMENTATION AGENT


                          THE BANK OF NOVA SCOTIA,
                          AS ADMINISTRATIVE AGENT,


                                    AND


                        THE LENDERS SIGNATORY HERETO





<PAGE>



                             TABLE OF CONTENTS
<TABLE>
<CAPTION>

                                                                                                             PAGE



<S>                                                                                                          <C>
ARTICLE I             Definitions and Accounting Matters.........................................................1
         Section 1.01          Terms Defined Above...............................................................1
         Section 1.02          Certain Defined Terms.............................................................1
         Section 1.03          Accounting Terms and Determinations..............................................12
ARTICLE II            Commitments...............................................................................12
         Section 2.01          Loans............................................................................12
         Section 2.02          Borrowings, Continuations and Conversions........................................12
         Section 2.03          Extensions and Changes of Commitments............................................14
         Section 2.04          Fees.............................................................................15
         Section 2.05          Several Obligations..............................................................15
         Section 2.06          Notes............................................................................15
         Section 2.07          Prepayments......................................................................16
         Section 2.08          Lending Offices..................................................................16
         Section 2.09          [Reserved].......................................................................16
         Section 2.10          Change in Control................................................................16
ARTICLE III           Payments of Principal and Interest........................................................17
         Section 3.01          Repayment of Loans...............................................................17
         Section 3.02          Maturity of Loans................................................................17
         Section 3.03          Interest.........................................................................17
ARTICLE IV            Payments; Pro Rata Treatment; Computations; Etc...........................................18
         Section 4.01          Payments.........................................................................18
         Section 4.02          Pro Rata Treatment...............................................................19
         Section 4.03          Computations.....................................................................19
         Section 4.04          Non-receipt of Funds by the Administrative Agent.................................19
         Section 4.05          Set-off, Sharing of Payments, Etc................................................20
         Section 4.06          Taxes............................................................................20
ARTICLE V             Capital Adequacy..........................................................................23
         Section 5.01          Additional Costs.................................................................23
         Section 5.02          Limitation on Eurodollar Loans...................................................25
         Section 5.03          Illegality.......................................................................26
         Section 5.04          Base Rate Loans..................................................................26
         Section 5.05          Compensation.....................................................................26
ARTICLE VI            Conditions Precedent......................................................................27
         Section 6.01          Closing and Initial Funding......................................................27
         Section 6.02          Initial and Subsequent Loans.....................................................27
ARTICLE VII           Representations and Warranties............................................................28
         Section 7.01          Existence........................................................................28
         Section 7.02          Financial Condition..............................................................28
         Section 7.03          Litigation.......................................................................28
         Section 7.04          No Breach........................................................................29
         Section 7.05          Authority........................................................................29
         Section 7.06          Approvals........................................................................29
         Section 7.07          Use of Loans.....................................................................29
         Section 7.08          ERISA............................................................................29
         Section 7.09          Taxes............................................................................30
         Section 7.10          No Material Misstatements........................................................30
         Section 7.11          Investment Company Act...........................................................31
         Section 7.12          Public Utility Holding Company Act...............................................31
         Section 7.13          Defaults.........................................................................31
         Section 7.14          Environmental Matters............................................................31
         Section 7.15          Insurance........................................................................32
         Section 7.16          Reportable Transaction...........................................................32
ARTICLE VIII          Affirmative Covenants.....................................................................32
         Section 8.01          Reporting Requirements...........................................................32
         Section 8.02          Litigation.......................................................................33
         Section 8.03          Maintenance, Etc.................................................................34
         Section 8.04          Further Assurances...............................................................34
         Section 8.05          Performance of Obligations.......................................................34
         Section 8.06          ERISA Information and Compliance.................................................35
         Section 8.07          Compliance with Laws.............................................................35
         Section 8.08          Payment of Taxes.................................................................35
ARTICLE IX            Negative Covenants........................................................................36
         Section 9.01          Liens............................................................................36
         Section 9.02          Sales and Leasebacks.............................................................37
         Section 9.03          Mergers, Etc.....................................................................37
         Section 9.04          Proceeds of Notes................................................................38
         Section 9.05          ERISA Compliance.................................................................38
         Section 9.06          Leverage Ratio...................................................................39
         Section 9.07          Transactions with Affiliates.....................................................39
ARTICLE X             Events of Default; Remedies...............................................................39
         Section 10.01         Events of Default................................................................39
         Section 10.02         Remedies.........................................................................41
ARTICLE XI            The Administrative Agent..................................................................41
         Section 11.01         Appointment, Powers and Immunities...............................................41
         Section 11.02         Reliance by Administrative Agent.................................................42
         Section 11.03         Defaults.........................................................................42
         Section 11.04         Rights as a Lender...............................................................42
         Section 11.05         Indemnification..................................................................43
         Section 11.06         Non-Reliance on Administrative Agent and other Lenders...........................43
         Section 11.07         Action by Administrative Agent...................................................43
         Section 11.08         Resignation of Administrative Agent..............................................44
ARTICLE XII           Miscellaneous.............................................................................44
         Section 12.01         Waiver...........................................................................44
         Section 12.02         Notices..........................................................................44
         Section 12.03         Expenses; Indemnity; Damage Waiver...............................................45
         Section 12.04         Amendments, Etc..................................................................46
         Section 12.05         Successors and Assigns...........................................................47
         Section 12.06         Assignments and Participations...................................................47
         Section 12.07         Invalidity.......................................................................49
         Section 12.08         Counterparts.....................................................................49
         Section 12.09         References.......................................................................49
         Section 12.10         Survival.........................................................................49
         Section 12.11         Captions.........................................................................49
         Section 12.12         No Oral Agreements...............................................................49
         Section 12.13         Governing Law; Submission to Jurisdiction........................................50
         Section 12.14         Interest.........................................................................51
         Section 12.15         Confidentiality..................................................................51
         Section 12.16         Effectiveness....................................................................52
         Section 12.17         Termination of Existing Agreement................................................53
         Section 12.18         MAP Disposition..................................................................53
         Section 12.19         USA Patriot Act..................................................................53

</TABLE>

<PAGE>




ANNEX, EXHIBITS AND SCHEDULES:
Annex 1               List of Commitments

Exhibit A-1           Form of Note
Exhibit A-2           [Reserved]
Exhibit B             Form of Borrowing, Continuation and Conversion Request
Exhibit C             Form of Compliance Certificate
Exhibit D             Form of Legal Opinion
Exhibit E             Form of Assignment Agreement
Exhibit F-1           [Reserved]
Exhibit F-2           [Reserved]
Exhibit G             [Reserved]
Exhibit H             Form of Signature Page for a Replacement Lender

Schedule 7.03         Litigation
Schedule 7.08         Multiemployer Plans
Schedule 7.09         Taxes
Schedule 7.14         Environmental Matters



<PAGE>






         This  364-DAY  REVOLVING  CREDIT  AGREEMENT,  dated as of April 2,
2004, is among  ASHLAND  INC., a  corporation  formed under the laws of the
Commonwealth  of Kentucky (the  "Borrower");  each of the lenders that is a
signatory hereto or which becomes a signatory hereto as provided in Section
12.06  (individually,  together with its successors and assigns, a "Lender"
and,  collectively,  the  "Lenders");  SUNTRUST  BANK and BANK  ONE,  N.A.,
collectively,  as co-syndication  agents for the Lenders; THE ROYAL BANK OF
SCOTLAND PLC, as documentation agent for the Lenders;  and THE BANK OF NOVA
SCOTIA   (in  its   individual   capacity,   "Scotia   Capital"),   as  the
administrative agent (for the Lenders (in such capacity,  together with its
successors in such capacity, the "Administrative Agent") for the Lenders.

                              R E C I T A L S

         A........The Borrower has requested that the Lenders provide certain
loans to the Borrower;

         B........The Lenders have agreed to make such loans subject to the
terms and conditions of this Agreement; and

         C........In  consideration  of the mutual covenants and agreements
herein contained and of the loans and commitments  hereinafter referred to,
the parties hereto agree as follows:

ARTICLE I.........

                     DEFINITIONS AND ACCOUNTING MATTERS

Section 1.01......Terms Defined Above. As used in this Agreement, the terms
"Administrative   Agent,"  "Borrower,"  "Lender,"  "Lenders,"  and  "Scotia
Capital" shall have the meanings indicated above.

Section  1.02......Certain  Defined  Terms.  As used herein,  the following
terms shall have the following  meanings (all terms defined in this Article
I or in other provisions of this Agreement in the singular to have the same
meanings when used in the plural and vice versa):

         "Additional  Costs" shall have the meaning  assigned  such term in
Section 5.01(a).

         "Affected  Loans"  shall have the  meaning  assigned  such term in
Section 5.04.

         "Affiliate"  of any  Person  shall  mean any  Person  directly  or
indirectly  Owned by,  Owning or under  common  Ownership  with such  first
Person. For purposes of this definition,  any Person which owns directly or
indirectly 25% or more of the securities  having  ordinary voting power for
the election of directors or other  governing  body of a corporation or 25%
or more of the partnership or other ownership interests of any other Person
(other than as a limited  partner of such other  Person)  will be deemed to
"Own"  (including,  with its  correlative  meanings,  "Owned by" and "under
common Ownership with") such corporation or other Person.

         "Aggregate  Commitments"  at any time  shall  equal the sum of the
Commitments of the Lenders ($100,000,000, as of the Effective Date), as the
same may be reduced pursuant to Section 2.03(a).

         "Agreement" shall mean this 364-Day Revolving Credit Agreement, as
the same may from time to time be amended or supplemented.

         "Alternate  Base Rate" means,  for any day, a rate per annum equal
to the  greater  of (a) the Prime  Rate in  effect on such day,  or (b) the
Federal  Funds Rate in effect on such day plus 1/2 of 1%. Any change in the
Alternate  Base Rate due to a change in the Prime Rate or the Federal Funds
Effective  Rate shall be effective from and including the effective date of
such  change  in the  Prime  Rate  or the  Federal  Funds  Effective  Rate,
respectively.

         "Applicable  Lending  Office" shall mean,  for each Lender and for
each Type of Loan,  the lending  office of such Lender (or an  Affiliate of
such Lender) designated for such Type of Loan on the signature pages hereof
or such other offices of such Lender (or of an Affiliate of such Lender) as
such Lender may from time to time specify to the  Administrative  Agent and
the  Borrower  as the office by which its Loans of such Type are to be made
and maintained.

         "Applicable Margin" shall mean, for any day, (a) zero percent (0%)
per  annum  with  respect  to Base  Rate  Loans  and (b)  with  respect  to
Eurodollar Loans, the applicable rate per annum set forth below, based upon
(i) the ratings by Moody's and S&P, respectively, applicable on such day to
the Index Debt and (ii) the percentage of the Aggregate  Commitments  drawn
on  such  day (it  being  understood  and  agreed  that  the  then  current
Applicable Margin, together with the then applicable Eurodollar Rate, shall
accrue and be payable on and with respect to the total principal  amount of
all Eurodollar  Loans then  outstanding);  provided,  however,  that in the
event the Borrower  elects to convert the  outstanding  Revolving  Loans to
non-revolving  Term Loans pursuant to Section 2.03(d),  from and after such
conversion the Applicable Margin shall be increased by 0.25%:

--------------- ---------------------------------------------------------------
                                 PERCENTAGE OF AGGREGATE COMMITMENTS DRAWN
--------------- ---------------------------------------------------------------
     INDEX DEBT:             <33%              >33% AND <67%              >67%
      Category 1            0.500%                0.625%                 0.750%
      Category 2            0.625%                0.750%                 0.875%
      Category 3            0.750%                0.875%                 1.000%
      Category 4            1.000%                1.125%                 1.250%
      Category 5            1.500%                1.625%                 1.750%

For purposes of the foregoing and for purposes of  calculating  the Standby
Fee, (i) if either Moody's or S&P shall not have in effect a rating for the
Index Debt  (other than by reason of the  circumstances  referred to in the
last sentence of this definition),  then such rating agency shall be deemed
to have established a rating in Category 5; (ii) if the ratings established
or deemed to have been  established  by Moody's  and S&P for the Index Debt
shall fall within  different  Categories,  the  Applicable  Margin shall be
based on the  higher of the two  ratings;  (iii) if more than one  Category
falls  between  the  rating  levels  established  or  deemed  to have  been
established by Moody's and S&P for the Index Debt,  the  Applicable  Margin
shall be based on the Category above the lowest rating; (iv) if the ratings
established  or deemed to have been  established by Moody's and S&P for the
Index  Debt  shall be  changed  (other  than as a result of a change in the
rating system of Moody's or S&P),  such change shall be effective as of the
earlier of the (1) date on which it is first  announced  by the  applicable
rating  agency  and (2) the date on which  Borrower  gives  notice  of such
change to the  Administrative  Agent;  and (iv)  initially,  the Applicable
Margin shall be determined  based upon a Category 3 Index Debt rating.  For
the   purposes   hereof,   Borrower   shall  be   required  to  notify  the
Administrative  Agent of such change  immediately upon gaining knowledge of
such change.  Each change in the  Applicable  Margin shall apply during the
period  commencing on the  effective  date of such change and ending on the
date immediately  preceding the effective date of the next such change.  If
the rating system of Moody's or S&P shall change,  or if either such rating
agency  shall  cease  to  be in  the  business  of  rating  corporate  debt
obligations,  the Borrower and the Lenders shall negotiate in good faith to
amend  this  definition  to  reflect  such  changed  rating  system  or the
unavailability  of  ratings  from  such  rating  agency  and,  pending  the
effectiveness  of any  such  amendment,  the  Applicable  Margin  shall  be
determined by reference to the rating most recently in effect prior to such
change or cessation.

         "Assignment"  shall have the meaning assigned such term in Section
12.06(b).

         "Authorized Officer" means, relative to the Borrower, those of its
officers,  general  partners or  managing  members  (as  applicable)  whose
signatures and incumbency  shall have been certified to the  Administrative
Agent and the Lenders pursuant to Section 6.01(ii), or otherwise designated
as Authorized Officers for purposes of this Agreement in resolutions of the
Borrower's board of directors.

         "Availability Period" shall mean the period from and including the
Effective Date to but excluding the Termination Date.

         "Base Rate  Loans"  shall mean Loans that bear  interest  at rates
based upon the Alternate Base Rate.

         "Board" shall have the meaning assigned such term in Section 2.10.

         "Business  Day"  shall  mean  any day  other  than a day on  which
commercial  banks are authorized or required to close in New York City and,
where such term is used in the  definition of  "Quarterly  Date" or if such
day relates to a borrowing or  continuation  of, a payment or prepayment of
principal of or interest on, or a  conversion  of or into,  or the Interest
Period for, a Eurodollar  Loan or a notice by the Borrower  with respect to
any such  borrowing or  continuation,  payment,  prepayment,  conversion or
Interest  Period,  any day which is also a day on which  dealings in Dollar
deposits are carried out in the London interbank market.

         "Category  1"  means  A- or  higher  by S&P  and A3 or  higher  by
Moody's.

         "Category 2" means BBB+ by S&P and Baa1 by Moody's.

         "Category 3" means BBB by S&P and Baa2 by Moody's.

         "Category 4" means BBB- by S&P and Baa3 by Moody's.

         "Category  5" means  lower than BBB- by S&P and lower than Baa3 by
Moody's.

         "Change in  Control"  shall have the  meaning set forth in Section
2.10.

         "Closing Date" shall mean April 2, 2004.

         "Code"  shall mean the Internal  Revenue Code of 1986,  as amended
from time to time and any successor statute.

         "Commitment"  shall mean,  for any Lender,  its obligation to make
Committed Loans up to the amount of the Commitment for such Lender on Annex
1  hereto,  as  modified  from  time  to time to  reflect  any  adjustments
permitted or required hereby.

         "Committed Loan" shall mean a Revolving Loan or a Term Loan.

         "Consolidated"  refers to the  consolidation  in  accordance  with
generally  accepted  accounting  principles of the accounts of the Borrower
and those of its  Subsidiaries  which are  Consolidated  in accordance with
GAAP.

         "Consolidated  Subsidiaries"  shall  mean each  Subsidiary  of the
Borrower  (whether  now  existing or  hereafter  created or  acquired)  the
financial  statements of which shall be (or should have been)  Consolidated
with the financial statements of the Borrower in accordance with GAAP.

         "Control"  means the  possession,  directly or indirectly,  of the
power to direct or cause the  direction of the  management or policies of a
Person,  whether  through the ability to exercise voting power, by contract
or otherwise.  "Controlling"  and  "Controlled"  have meanings  correlative
thereto.

         "Debt"  shall  mean,  for  any  Person  the  sum of the  following
(without  duplication):  (i) all  obligations  of such Person for  borrowed
money or evidenced by bonds, commercial paper,  debentures,  notes or other
similar   instruments;   (ii)  all  obligations  of  such  Person  (whether
contingent or otherwise) in respect of bankers' acceptances,  reimbursement
obligations for amounts paid under letters of credit, surety or other bonds
and similar  instruments;  (iii) all  obligations of such Person to pay the
deferred  purchase  price of Property or services  (other than for borrowed
money);  (iv) all obligations under leases which shall have been, or should
have been, in accordance  with GAAP,  recorded as capital leases in respect
of which such Person is liable (whether  contingent or otherwise);  (v) all
Debt (as  described  in the other  clauses  of this  definition)  and other
obligations  of  others  secured  by a Lien on any  asset  of such  Person,
whether  or not such  Debt is  assumed  by such  Person;  (vi) all Debt (as
described in the other clauses of this definition) and other obligations of
others  guaranteed by such Person or in which such Person otherwise assures
a creditor  against loss of the debtor or obligations of others;  (vii) all
obligations  or  undertakings  of such  Person to  maintain  or cause to be
maintained the financial position or covenants of others or to purchase the
Debt or Property of others; (viii) obligations to pay for goods or services
whether or not such goods or services are actually  received or utilized by
such  Person  such  as  "take  or  pay,"   "through-put"   or  "deficiency"
agreements;  (ix) any capital stock of such Person in which such Person has
a mandatory  obligation  to redeem  such  stock;  (x) any Debt of a Special
Entity for which such Person is liable  either by agreement or because of a
Governmental  Requirement.  Notwithstanding  the foregoing,  Debt shall not
include (1) trade payables  incurred in the ordinary  course of business or
any  obligation set forth in (v), (vi),  (vii),  (viii),  (ix) or (x) above
which  would not be  required to be  disclosed  in an audited  Consolidated
balance sheet of the Borrower and its  Subsidiaries or in the notes thereto
as being immaterial,  and (2) accrued interest,  fees and charges which are
not past due.

         "Default"  shall mean an Event of  Default or an event  which with
notice or lapse of time or both would,  unless  cured or waived,  become an
Event of Default.

         "Dollars"  and "$" shall mean lawful money of the United States of
America.

         "Effective  Date"  shall have the  meaning  assigned  such term in
Section 12.16.

         "Eligible  Assignee"  means (a) a commercial  bank organized under
the laws of the United States, or any state thereto,  and having a combined
capital and surplus of at least  $100,000,000 at the time any assignment is
made pursuant to Section 12.06;  (b) a commercial  bank organized under the
laws of any  other  country  which  is a  member  of the  Organization  for
Economic   Cooperation  and  Development  (the  "OECD"),   or  a  political
subdivision of any such country,  and having a combined capital and surplus
of at least  $100,000,000  at the time any  assignment  is made pursuant to
Section 12.06  provided that such bank is acting through a branch or agency
located in the country in which it is organized or another country which is
also a member of the OECD;  and (c) a Person that is  primarily  engaged in
the business of commercial  lending and that is (i) a Subsidiary of a Bank,
(ii) a Subsidiary of a Person of which a Bank is a  Subsidiary,  or (iii) a
Person of which a Bank is a Subsidiary.

         "Environmental   Laws"   shall  mean  any  and  all   Governmental
Requirements  pertaining to health or the  environment in effect in any and
all  jurisdictions in which the Borrower or any Subsidiary is conducting or
at any time has conducted  business,  or where any Property of the Borrower
or any  Subsidiary  is  located,  including  without  limitation,  the  Oil
Pollution  Act of  1990  ("OPA"),  the  Clean  Air  Act,  as  amended,  the
Comprehensive Environmental,  Response,  Compensation, and Liability Act of
1980 ("CERCLA"),  as amended,  the Federal Water Pollution  Control Act, as
amended,  the Occupational  Safety and Health Act of 1970, as amended,  the
Resource  Conservation and Recovery Act of 1976 ("RCRA"),  as amended,  the
Safe Drinking Water Act, as amended,  the Toxic Substances  Control Act, as
amended,  the  Superfund  Amendments  and  Reauthorization  Act of 1986, as
amended, the Hazardous Materials  Transportation Act, as amended, and other
environmental  conservation  or protection  laws. The term "oil" shall have
the meaning specified in OPA, the terms "hazardous substance" and "release"
(or "threatened  release") have the meanings  specified in CERCLA,  and the
terms  "solid  waste" and  "disposal"  (or  "disposed")  have the  meanings
specified  in RCRA;  provided,  however,  that (i) in the event either OPA,
CERCLA or RCRA is amended so as to broaden the meaning of any term  defined
thereby,  such broader meaning shall apply subsequent to the effective date
of such amendment and (ii) to the extent the  applicable  laws of the state
in  which  any  Property  of the  Borrower  or any  Subsidiary  is  located
establish a meaning for "oil,"  "hazardous  substance,"  "release,"  "solid
waste" or  "disposal"  which is broader than that  specified in either OPA,
CERCLA or RCRA, such broader meaning shall apply.

         "ERISA" shall mean the Employee  Retirement Income Security Act of
1974, as amended from time to time and any successor statute.

         "ERISA  Affiliate"  shall mean each trade or business  (whether or
not incorporated)  which together with the Borrower or any Subsidiary would
be  deemed  to  be a  "single  employer"  within  the  meaning  of  section
4001(b)(1) of ERISA or  subsections  (b), (c), (m) or (o) of section 414 of
the Code.

         "ERISA  Event" shall mean (i) a  "Reportable  Event"  described in
Section  4043 of ERISA  and the  regulations  issued  thereunder,  (ii) the
withdrawal of the Borrower,  any  Subsidiary or any ERISA  Affiliate from a
Plan during a plan year in which it was a "substantial employer" as defined
in Section  4001(a)(2) of ERISA,  (iii) the filing of a notice of intent to
terminate a Plan or the  treatment  of a Plan  amendment  as a  termination
under  Section  4041 of  ERISA,  (iv) the  institution  of  proceedings  to
terminate  a Plan by the PBGC or (v) any  other  event or  condition  which
might  constitute  grounds under Section 4042 of ERISA for the  termination
of, or the appointment of a trustee to administer, any Plan.

         "Eurodollar  Loans" shall mean Loans the  interest  rates on which
are  determined  on the basis of rates  referred  to in the  definition  of
"Eurodollar Rate".

         "Eurodollar  Rate" shall  mean,  for any  Eurodollar  Loan for any
Interest  Period  therefor,   the  rate  per  annum  (rounded  upwards,  if
necessary,  to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or
any successor  page) as the London  interbank  offered rate for deposits in
Dollars at  approximately  11:00 a.m. (London time) two Business Days prior
to the first day of such  Interest  Period  for a term  comparable  to such
Interest  Period.  If for any reason such rate is not  available,  the term
"Eurodollar  Rate" shall mean,  for any  Eurodollar  Loan for any  Interest
Period therefor, the rate per annum (rounded upwards, if necessary,  to the
nearest  1/100 of 1%)  appearing on Reuters  Screen LIBO Page as the London
interbank offered rate for deposits in Dollars at approximately  11:00 a.m.
(London  time) two  Business  Days prior to the first day of such  Interest
Period for a term comparable to such Interest Period; provided, however, if
more than one rate is specified on Reuters Screen LIBO Page, the applicable
rate shall be the arithmetic mean of all such rates.

         "Event of Default"  shall have the meaning  assigned  such term in
Section 10.01.

         "Excess Margin Stock" shall mean that amount by which the value of
all Margin Stock owned by the Borrower and its Subsidiaries  exceeds 25% of
the value of all of the Property owned by the Borrower and its Subsidiaries
subject to Section 9.01.

         "Exchange  Act"  shall  have the  meaning  assigned  such  term in
Section 9.04.

         "Existing  Agreement" shall mean that certain $100 Million 364-Day
Revolving  Credit  Agreement,  dated as of June 6, 2003, among the Borrower
and the Existing Lenders.

         "Existing  Lenders"  shall  mean the  lenders  under the  Existing
Agreement.

         "Federal  Funds Rate" shall mean,  for any day, the rate set forth
in the weekly statistical release designated as H.15(519), or any successor
publication  as  published  by the Federal  Reserve Bank of New York on the
preceding  Business Day opposite the caption  "Federal Funds  (Effective)",
provided  that (i) if the date for which such rate is to be  determined  is
not a Business  Day, the Federal Funds Rate for such day shall be such rate
on such transactions published on the next preceding Business Day, and (ii)
if such rate is not so published  for any day,  the Federal  Funds Rate for
such day shall be the average rate charged to the  Administrative  Agent on
such day on such transactions as determined by the Administrative Agent.

         "Fee Letter"  shall mean that certain  letter  agreement  from the
Administrative  Agent  to  the  Borrower  dated  as of  February  19,  2004
concerning   certain  fees  in  connection  with  this  Agreement  and  any
agreements or instruments executed in connection therewith, as the same may
be amended or replaced from time to time.

         "Final  Maturity  Date"  shall  mean the date one year  after  the
Termination Date.

         "Financial  Officer"  shall  mean  the  chief  financial  officer,
principal  accounting  officer,  treasurer or  controller  of the Borrower.
Unless otherwise  specified,  all references to a Financial  Officer herein
shall mean a Financial Officer of the Borrower.

         "Financial  Statements"  shall  mean  the  Consolidated  financial
statement or statements of the Borrower and its  Subsidiaries  described or
referred to in Section 7.02, including the notes attached thereto.

         "Funded Debt" has the meaning specified in Section 9.02.

         "GAAP" shall mean generally accepted accounting  principles in the
United States of America in effect from time to time.
         "Governmental  Authority"  shall  include the country,  the state,
county,  city and  political  subdivisions  in  which  any  Person  or such
Person's Property is located or which exercises valid jurisdiction over any
such Person or such Person's Property,  and any court, agency,  department,
commission,  board,  bureau  or  instrumentality  of any of them  including
monetary  authorities  which  exercises  valid  jurisdiction  over any such
Person  or  such  Person's  Property.   Unless  otherwise  specified,   all
references  to  Governmental  Authority  herein  shall mean a  Governmental
Authority having  jurisdiction  over, where applicable,  the Borrower,  the
Subsidiaries  or any of their  Property or the  Administrative  Agent,  any
Lender or any Applicable Lending Office.

         "Governmental  Requirement"  shall  mean any law,  statute,  code,
ordinance,  order,  determination,   rule,  regulation,  judgment,  decree,
injunction, franchise, permit, certificate, license, authorization or other
directive  or  requirement  (whether  or not  having  the  force  of  law),
including,  without limitation,  Environmental Laws, energy regulations and
occupational,  safety and health standards or controls, of any Governmental
Authority.

         "Granting Lender" has the meaning specified in Section 12.06(g).

         "Hedging  Agreement" shall mean any commodity  agreement or option
with respect to any commodity agreement (other than sales contracts entered
into in the normal  course of  business  and not as a hedging  vehicle)  or
interest rate or currency swap, cap, floor,  collar,  forward  agreement or
other exchange or protection  agreements or any option with respect to such
transactions.

         "Highest Lawful Rate" shall mean, with respect to each Lender, the
maximum nonusurious interest rate, if any, that at any time or from time to
time may be contracted  for,  taken,  reserved,  charged or received on the
Notes or on other  Indebtedness  under laws applicable to such Lender which
are  presently  in effect  or, to the  extent  allowed  by law,  under such
applicable  laws which may  hereafter be in effect and which allow a higher
maximum nonusurious interest rate than applicable laws now allow.

         "Indebtedness" shall mean any and all amounts owing or to be owing
by the Borrower to the  Administrative  Agent and the Lenders in connection
with  this  Agreement  and the Notes and all  renewals,  extensions  and/or
rearrangements of any of the above.

         "Index Debt" means senior,  unsecured,  long-term indebtedness for
borrowed  money of the Borrower that is not  guaranteed by any other Person
or subject to any other credit enhancement.

         "Initial  Funding"  shall mean the  funding of the  initial  Loans
pursuant to Section 6.01 hereof.

         "Interest  Period" shall mean,  (i) with respect to any Eurodollar
Loan, the period  commencing on the date such  Eurodollar  Loan is made and
ending on the numerically  corresponding day in the first, second, third or
sixth calendar month thereafter,  as the Borrower may select as provided in
Section 2.02 (or such longer period as may be requested by the Borrower and
agreed to by all Lenders); and (ii) with respect to any Base Rate Loan, the
period  commencing  on the  date  such  Loan is  made  and  ending  90 days
thereafter,  except that each Interest  Period which  commences on the last
Business  Day of a  calendar  month  (or on any day for  which  there is no
numerically corresponding day in the appropriate subsequent calendar month)
shall end on the last Business Day of the appropriate  subsequent  calendar
month.

         Notwithstanding the foregoing: (i) no Interest Period may commence
before  and end after the  Termination  Date or the  Final  Maturity  Date,
whichever is applicable;  (ii) each Interest  Period which would  otherwise
end on a day which is not a Business  Day shall end on the next  succeeding
Business  Day (or, if such next  succeeding  Business Day falls in the next
succeeding  calendar month, on the next preceding  Business Day); and (iii)
no Interest Period shall have a duration of less than one month and, if the
Interest  Period for any Eurodollar  Loans would otherwise be for a shorter
period, such Loans shall not be available hereunder.

         "Lending   Office"   shall   mean  the   lending   office  of  the
Administrative Agent, presently located at One Liberty Plaza, New York, New
York 10006,  or such other  location as  designated  by the  Administrative
Agent from time to time.

         "Lien" shall mean any interest in Property  securing an obligation
owed to, or a claim  by, a Person  other  than the  owner of the  Property,
whether such interest is based on the common law, statute or contract,  and
whether such obligation or claim is fixed or contingent,  and including but
not  limited to the lien or  security  interest  arising  from a  mortgage,
encumbrance,  pledge, security agreement, conditional sale or trust receipt
or a lease, consignment or bailment for security purposes.

         "Loans" shall mean the loans as provided for by Sections  2.01(a).
Loans may be  Committed  Loans  which may be Base Rate Loans or  Eurodollar
Loans.  After the continuation of Revolving Loans to Term Loans pursuant to
Section 2.03(d), "Loans" shall mean Term Loans.

         "Majority  Lenders"  shall  mean,  at any time  while no Loans are
outstanding,  Lenders  having  in  excess  of  fifty  percent  (50%) of the
Aggregate Commitments and, at any time while Loans are outstanding, Lenders
holding in excess of percent (50%) of the outstanding  aggregate  principal
amount  of  the  Loans  (without  regard  to  any  sale  by a  Lender  of a
participation in any Loan under Section 12.06(c)).

         "MAP" shall mean Marathon Ashland Petroleum L.L.C.

         "Margin Stock" shall have the meaning set forth in Regulation U of
the Board of  Governors  of the Federal  Reserve  System as the same may be
amended or interpreted from time to time.

         "Material  Adverse Effect" shall mean a material adverse change in
the  financial  position or results of  operations  of the Borrower and its
Subsidiaries taken as a whole.

         "Multiemployer Plan" shall mean a multiemployer plan as defined in
section  3(37) or 4001 (a)(3) of ERISA which is, or within the six calendar
years  preceding  this Agreement  was,  contributed  to by the Borrower,  a
Subsidiary or an ERISA Affiliate.

         "Notes"  shall  mean  the  Notes  provided  for by  Section  2.06,
together with any and all renewals,  extensions for any period,  increases,
rearrangements, substitutions or modifications thereof.

         "Other Taxes" shall have the meaning assigned such term in Section
4.06(b).

         "PBGC" shall mean the Pension Benefit Guaranty  Corporation or any
entity succeeding to any or all of its functions.

         "Pension  Plan" means a Plan subject to the provisions of Title IV
of ERISA and Section 412 of the Code or Section 302 of ERISA.

         "Percentage  Share"  shall mean the  percentage  of the  Aggregate
Commitments to be provided by a Lender under this Agreement as indicated on
Annex 1 hereto,  as modified  from time to time to reflect any  adjustments
permitted or required hereby.

         "Person"  shall  mean  any   individual,   corporation,   company,
voluntary association,  partnership,  joint venture, trust,  unincorporated
organization  or  government  or any agency,  instrumentality  or political
subdivision  thereof,  or any  other  form of entity  except  as  otherwise
defined in Section 2.10 hereof.

         "Plan" shall mean any employee pension benefit plan, as defined in
Section  3(2) of ERISA,  which (i) is  currently  or  hereafter  sponsored,
maintained or  contributed  to by the Borrower,  any Subsidiary or an ERISA
Affiliate or (ii) was at any time during the preceding  six calendar  years
sponsored, maintained or contributed to, by the Borrower, any Subsidiary or
an ERISA Affiliate.

         "Post-Default Rate" shall mean, in respect of any principal of any
Loan or any other amount  payable by the Borrower  under this  Agreement or
the Notes,  a rate per annum  during the period  commencing  on the date of
occurrence  of an Event of Default until such amount is paid in full or all
Events of Default are cured or waived  equal to 2% per annum above the rate
of interest in effect from time to time including the Applicable Margin (if
any), but in no event to exceed the Highest Lawful Rate; provided, however,
for a Eurodollar Loan, the "Post-Default Rate" for such principal shall be,
for the period  commencing on the date of occurrence of an Event of Default
and ending on the earlier to occur of the last day of the  Interest  Period
therefor  or the date all  Events of Default  are cured or  waived,  2% per
annum  above  the  interest  rate  for such  Loan as  provided  in  Section
3.03(a)(ii), but in no event to exceed the Highest Lawful Rate.

         "Prime  Rate" shall mean at any time,  the rate of  interest  then
most recently  established by the  Administrative  Agent in New York as its
base rate for Dollars loaned in the United States.  Such rate is set by the
Administrative  Agent as a general  prime  rate of  interest,  taking  into
account such factors as the Administrative  Agent may deem appropriate,  it
being  understood  that many of the  Administrative  Agent's  commercial or
other loans are priced in relation to such rate, that it is not necessarily
the  lowest or best rate  actually  charged  to any  customer  and that the
Administrative Agent may make various commercial or other loans at rates of
interest having no relationship to such rate.

         "Property"  shall mean any  interest  in any kind of  property  or
asset, whether real, personal or mixed, or tangible or intangible.

         "Quarterly  Dates"  shall mean the last day of each  March,  June,
September, and December, in each year, the first of which shall be June 30,
2004; provided,  however,  that if any such day is not a Business Day, such
Quarterly Date shall be the next succeeding Business Day.

         "Regulation  D" shall mean  Regulation D of the Board of Governors
of the  Federal  Reserve  System  (or any  successor),  as the  same may be
amended or supplemented from time to time.

         "Regulatory  Change" shall mean,  with respect to any Lender,  any
change after the Closing Date in any  Governmental  Requirement  (including
Regulation   D)  or  the   adoption  or  making  after  such  date  of  any
interpretations,  directives  or  requests  applying  to a class of lenders
(including  such Lender or its Applicable  Lending  Office) of or under any
Governmental  Requirement  (whether  or not having the force of law) by any
Governmental  Authority  charged with the  interpretation or administration
thereof.

         "Replacement  Lender" shall have the meaning assigned such term in
Section 2.03(c).

         "Required  Payment"  shall have the meaning  assigned such term in
Section 4.04.

         "Revolving  Loan"  shall  mean a Loan  made  pursuant  to  Section
2.01(a).

         "SEC" shall mean the  Securities  and Exchange  Commission  or any
successor Governmental Authority.

         "SPC" has the meaning specified in Section 12.06(g).

         "Special Entity" shall mean any joint venture,  limited  liability
company or partnership, general or limited partnership or any other type of
partnership or company, other than a corporation,  in which the Borrower or
one or more of its other Subsidiaries is a member,  owner, partner or joint
venturer  and owns,  directly  or  indirectly,  at least a majority  of the
equity of such entity,  but  excluding  any tax  partnerships  that are not
classified as partnerships under state law.

         "Standby Fee" shall mean, the applicable  rate per annum set forth
below based upon the ratings by Moody's and S&P,  respectively,  applicable
on such date to the Index Debt:



<PAGE>


       ------------------------------ ---------------------------
               INDEX DEBT                             STANDBY FEE
               Category 1                               0.100%
               Category 2                               0.125%
               Category 3                               0.150%
               Category 4                               0.200%
               Category 5                               0.375%

         "Stockholder's  Equity" shall mean the common stockholders' equity
of  Borrower  and  its  Subsidiaries  on  a  Consolidated   basis  (in  the
calculation  of which the book value of any treasury  shares  carried as an
asset shall be deducted).

         "Subsidiary"  means,  with respect to any Person (the "parent") at
any  date,  any  corporation,   limited  liability  company,   partnership,
association  or other  entity the  accounts of which would be  consolidated
with those of the parent in the parent's consolidated  financial statements
if such financial  statements  were prepared in accordance  with GAAP as of
such date, as well as any other  corporation,  limited  liability  company,
partnership,  association or other entity (a) of which  securities or other
ownership  interests  representing more than 50% of the equity or more than
50% of the  ordinary  voting power or, in the case of a  partnership,  more
than 50% of the general partnership  interests are, as of such date, owned,
controlled or held, or (b) that is, as of such date, otherwise  Controlled,
by the  parent or one or more  subsidiaries  of the parent or by the parent
and one or more  subsidiaries  of the parent.  Unless  otherwise  indicated
herein,  each reference to the term "Subsidiary" shall mean a Subsidiary of
the Borrower.  Notwithstanding the foregoing,  MAP will not be considered a
Subsidiary of the Borrower.

         "Substantial   Subsidiary"   shall  mean,   at  the  time  of  any
determination  thereof,  any  Subsidiary  which as of such  time  meets the
definition of "significant  subsidiary"  contained in Regulation S-X of the
SEC (as  amended  from time to time),  so long as it is a  Subsidiary,  but
whether or not it  otherwise  meets  such  definition,  Ashland  Paving and
Construction,  Inc.. Unless otherwise  indicated herein,  each reference to
the term "Subsidiary" shall mean a Subsidiary of the Borrower.

         "Taxes"  shall  have the  meaning  assigned  such term in  Section
4.06(a).

         "Term  Loan"  shall  mean the term loan made  pursuant  to Section
2.03(d).

         "Termination  Date" shall mean March 11, 2005 unless the Aggregate
Commitments  are sooner  terminated  pursuant to Sections  2.03(a) or 10.02
hereof, or as extended pursuant to Section 2.03(c).

         "Type" shall mean, with respect to any Loan, a Base Rate Loan or a
Eurodollar Loan.

         "Unfunded Pension  Liability" means the excess of a Pension Plan's
accumulated  benefit  obligations under Financial  Accounting  Standard 87,
determined in accordance  with the  assumptions  used by the Plan's actuary
for funding the  Pension  Plan  pursuant to Section 412 of the Code for the
applicable plan year, over the current value of that Pension Plan's assets.

Section  1.03......Accounting  Terms and  Determinations.  Unless otherwise
specified  herein,  all accounting  terms used herein shall be interpreted,
all  determinations  with respect to accounting  matters hereunder shall be
made,  and all  financial  statements  and  certificates  and reports as to
financial matters required to be furnished to the  Administrative  Agent or
the Lenders hereunder shall be prepared,  in accordance with GAAP,  applied
on a basis consistent with the audited financial statements of the Borrower
referred  to in Section  7.02  (except for  changes  concurred  with by the
Borrower's independent public accountants).

ARTICLE II........

                                COMMITMENTS

Section 2.01......Loans.

(a) Revolving  Loans.  Each Lender severally  agrees,  on the terms of this
Agreement, to make revolving loans (herein called "Revolving Loans") to the
Borrower  during the period from and including  (i) the  Effective  Date or
(ii) such later date that such Lender becomes a party to this Agreement, to
but excluding, the Termination Date in an aggregate principal amount at any
one time  outstanding  up to but not  exceeding the amount of such Lender's
Commitment  as  then in  effect;  provided,  however,  that  the  aggregate
principal  amount of all  Loans by all  Lenders  hereunder  at any one time
outstanding  shall not exceed  the  Aggregate  Commitments.  Subject to the
terms of this  Agreement,  during the period from the Effective Date to but
excluding,  the  Termination  Date,  the  Borrower  may  borrow,  repay and
reborrow the amount described in this Section 2.01(a).

(b) Limitation on Types of Loans. Subject to the other terms and provisions
of this Agreement,  at the option of the Borrower,  the Committed Loans may
be Base Rate Loans or Eurodollar  Loans;  provided that,  without the prior
written consent of the Majority  Lenders,  with respect to Committed Loans,
no more than five (5)  Eurodollar  Loans may be  outstanding at any time to
any Lender.

Section 2.02......Borrowings, Continuations and Conversions.

(a)  Borrowings.  The Borrower shall give the  Administrative  Agent (which
shall promptly notify the Lenders)  advance notice as hereinafter  provided
of each  borrowing of Committed  Loans  hereunder,  which shall specify the
aggregate amount of such borrowing, the Type and the date (which shall be a
Business  Day) of such Loans to be borrowed and (in the case of  Eurodollar
Loans) the duration of the Interest Period therefor.

(b) Minimum Amounts.  If the initial borrowing consists in whole or in part
of Eurodollar  Loans, such Eurodollar Loans shall be in amounts of at least
$5,000,000 or any whole multiple of $1,000,000 in excess thereof.

(c) Notices.  All Committed Loan borrowings,  continuations and conversions
shall require  advance  written notice to the  Administrative  Agent (which
shall  promptly  notify  the  Lenders)  in the form of Exhibit B hereto (or
telephonic  notice promptly  confirmed by such a written notice),  which in
each case shall be  irrevocable,  from the  Borrower  to be received by the
Administrative  Agent not later than  11:00 a.m.  New York City time on the
Business Day of each Base Rate Loan borrowing and three Business Days prior
to the date of each Eurodollar Loan borrowing,  continuation or conversion.
Without in any way limiting the Borrower's obligation to confirm in writing
any telephonic notice,  the Administrative  Agent may act without liability
upon the basis of telephonic notice believed by the Administrative Agent in
good  faith  to  be  from  the   Borrower   prior  to  receipt  of  written
confirmation.  In each such case,  the Borrower  hereby waives the right to
dispute the  Administrative  Agent's record of the terms of such telephonic
notice except in the case of gross negligence or willful  misconduct by the
Administrative Agent.

(d)  Continuation  Options.  Subject to the provisions made in this Section
2.02(d),  the  Borrower may elect to continue as a new Loan all or any part
of any Committed  Loan beyond the  expiration of the then current  Interest
Period  relating  thereto by giving  advance  notice as provided in Section
2.02(c)  to the  Administrative  Agent  (which  shall  promptly  notify the
Lenders)  of such  election,  specifying  the  amount  of  such  Loan to be
continued as a new Committed Loan, the type of Loan and the Interest Period
therefor. In the absence of such a timely and proper election, the Borrower
shall be deemed to have  elected to  continue  any such Loan as a Base Rate
Loan (if such Committed Loan is a Eurodollar Loan, pursuant to a conversion
as set forth in Section 2.02(e)). All or any part of any Committed Loan may
be  continued  as  provided  herein,  provided  that (i) with  respect to a
Eurodollar Loan continued as a new Eurodollar Loan, any continuation of any
such Loan shall be (as to each Loan as continued for an applicable Interest
Period)  in  amounts  of at  least  $5,000,000  or any  whole  multiple  of
$1,000,000 in excess thereof and (ii) no Default shall have occurred and be
continuing.

(e) Conversion  Options.  The Borrower may elect to convert all or any part
of any  Committed  Loan which is a  Eurodollar  Loan on the last day of the
then current Interest Period relating thereto to a Base Rate Loan by giving
advance notice as provided in Section 2.02(c) to the  Administrative  Agent
(which shall promptly notify the Lenders) of such election.  Subject to the
provisions made in this Section 2.02(e),  the Borrower may elect to convert
all or any part of any Committed Loan which is a Base Rate Loan at any time
and from  time to time to a  Eurodollar  Loan by giving  advance  notice as
provided  in  Section  2.02(c) to the  Administrative  Agent  (which  shall
promptly  notify  the  Lenders)  of such  election.  All or any part of any
outstanding  Committed Loan may be converted as provided  herein,  provided
that (i) any conversion of any Base Rate Loan into a Eurodollar  Loan shall
be (as to each such Loan into which there is a conversion for an applicable
Interest Period) in amounts of at least $5,000,000 or any whole multiple of
$1,000,000 in excess thereof and (ii) no Default shall have occurred and be
continuing.  Each Committed Loan that is converted hereunder shall be a new
Committed  Loan,  and the  Interest  Period  applicable  to such  converted
Committed Loan shall terminate as of the effective date of such conversion.

(f)  Advances.  Not later  than  1:00  p.m.  New York City time on the date
specified for each  borrowing  hereunder,  each Lender shall make available
the amount of the Loan to be made by it on such date to the  Administrative
Agent,  to an account  which the  Administrative  Agent shall  specify,  in
immediately  available funds, for the account of the Borrower.  The amounts
so received by the  Administrative  Agent  shall,  subject to the terms and
conditions of this Agreement, promptly be made available to the Borrower by
depositing the same, in immediately  available  funds, in an account of the
Borrower, designated by the Borrower and maintained at the Lending Office.

Section 2.03......Extensions and Changes of Commitments.

(a) The Borrower  shall have the right to terminate or to reduce the amount
of the Aggregate Commitments at any time or from time to time upon not less
than three (3)  Business  Days' prior  notice to the  Administrative  Agent
(which  shall  promptly  notify the  Lenders) of each such  termination  or
reduction,  which notice shall specify the  effective  date thereof and the
amount of any such reduction  (which shall not be less than  $10,000,000 or
any  whole  multiple  of  $1,000,000  in  excess   thereof)  and  shall  be
irrevocable and effective only upon receipt by the Administrative Agent.

(b)  The  Aggregate  Commitments  once  terminated  or  reduced  may not be
reinstated.

(c) Provided no Default has occurred  and is  continuing,  the Borrower may
annually  request that the Termination  Date be extended upon prior written
notice delivered to the Administrative Agent not more than 60 days nor less
than 30 days prior to the then-current  Termination  Date. Upon delivery of
such written notice,  each Lender in its sole discretion may (but shall not
be  obligated  to) agree not more  than 30 days  prior to the  then-current
Termination Date to extend the then-effective Termination Date for a period
of  364  days  from  and  including  the  existing  Termination  Date.  The
Administrative  Agent shall  promptly  notify each Lender of the Borrower's
request  for  extension.  Any  Lender's  failure  to  respond or failure to
provide an  affirmative  response  at least 25 days  prior to the  existing
Termination  Date  shall be deemed to be a response  by such  Lender in the
negative to such request.  The  Administrative  Agent shall promptly notify
the Borrower of the status of consent or non-consent of the Lenders. Within
10  days  of  the   Termination   Date,   the  Borrower  will  provide  the
Administrative  Agent with  written  notice of any Person who has agreed to
become  a  replacement  lender  ("Replacement  Lender")  for  one  or  more
non-consenting   Lenders  and  the  amount  of  such  Replacement  Lender's
Commitment.  If any  such  Replacement  Lender  is not an  existing  Lender
hereunder,  such new Replacement Lender shall be subject to the approval of
the  Administrative   Agent,  which  approval  shall  not  be  unreasonably
withheld.  Notwithstanding  Article III hereof, all outstanding  principal,
accrued  interest and all unpaid fees and other amounts owing hereunder and
under a  non-consenting  Lender's  Note shall  become  immediately  due and
payable upon the Termination Date without regard to such extension and such
non-consenting  Lender's  Commitment shall be reduced to zero on such date.
The extension shall become effective on the current Termination Date. On or
prior to the effective date of such extension,  each Replacement Lender, if
any,  shall execute a new signature  page to this  Agreement in the form of
Exhibit H hereto and the  Borrower  shall  execute and deliver new Notes to
such  Replacement  Lenders  in the  amount  of their  respective  resulting
Commitments. The Administrative Agent shall attach a revised Annex 1 hereto
reflecting the revised Commitments and Percentage Shares and deliver a copy
thereof to the Borrower and to each Lender.  Upon the effective date of the
extension,  each Lender,  including each Replacement  Lender, if any, shall
advance  its  Percentage  Share  of any  Loan  being  made on said  date as
provided in Section 2.02 hereof.

(d) Provided no Default has occurred  and is  continuing,  in the event the
Borrower does not elect (or has no further right) to extend the Termination
Date  pursuant to Section  2.03(c)  above,  the  Borrower may upon 60 days'
prior  written  notice  to the  Administrative  Agent  elect  to  have  the
principal  balance of the Revolving  Loans  outstanding on the  Termination
Date  continued to the Final  Maturity  Date as  non-revolving  Term Loans.
During  the  period  of such Term  Loans,  the  Borrower  may repay but not
reborrow  the  outstanding  Term Loans as provided in Section  2.07 hereof,
except as may be  required  from time to time to continue  the  outstanding
principal  balance of maturing  Committed Loans pursuant to Section 2.02(d)
and (e).

Section 2.04......Fees.

(a) The Borrower shall pay to the  Administrative  Agent for the account of
each  Lender in  accordance  with its  Percentage  Share a fee equal to the
Standby Fee multiplied by the average daily unused portion of the Aggregate
Commitments  for the period from and  including  the Closing Date up to but
excluding  either the  earlier of the date the  Aggregate  Commitments  are
terminated  or the  Termination  Date.  The accrued  Standby  Fees shall be
payable  quarterly in arrears on each  Quarterly  Date, on the  Termination
Date,  and  thereafter  on  demand.  The  Standby  Fee shall be  calculated
quarterly in arrears,  and if there is any change in the Standby Fee during
any  quarter,  the average  daily  unused  portion  shall be  computed  and
multiplied  by the  Standby  Fee  separately  for each  period  during such
quarter that the Standby Fee was in effect. The Standby Fee shall accrue at
all times,  including at any time when one or more conditions in Article VI
is not met.

(b) The Borrower shall pay to the Administrative Agent for its account such
other  fees as are set  forth  in the Fee  Letter  on the  dates  specified
therein to the extent not paid prior to the Closing Date.

Section  2.05......Several  Obligations.  The failure of any Lender to make
any Loan to be made by it on the date specified  therefor shall not relieve
any other Lender of its  obligation  to make its Loan on such date,  but no
Lender shall be  responsible  for the failure of any other Lender to make a
Loan to be made by such other Lender.

Section  2.06......Notes.  The Committed Loans made by each Lender shall be
evidenced by a single  promissory note of the Borrower in substantially the
form of Exhibit A-1  hereto,  dated (i) April 2, 2004,  (ii) the  effective
date  of  an  Assignment  pursuant  to  Section  12.06(b)  or  (iii)  for a
Replacement  Lender,  the effective date of the Termination  Date extension
pursuant  to  Section  2.03(c),  payable  to the order of such  Lender in a
principal  amount equal to its  Commitment as in effect and otherwise  duly
completed.  The date,  amount,  Type,  interest rate and Interest Period of
each Loan made by each  Lender,  and all  payments  made on  account of the
principal  thereof,  shall be  recorded by such Lender on its books for its
Notes,  and,  prior to any  transfer,  may be  endorsed by such Lender on a
schedule  attached  to such  Notes or any  continuation  thereof  or on any
separate  record  maintained  by such  Lender.  Failure  to make  any  such
notation  or to attach a  schedule  shall not affect  any  Lender's  or the
Borrower's  rights or  obligations  in  respect of such Loans or affect the
validity of such transfer by any Lender of its Notes.

Section 2.07......Prepayments.

(a) The  Borrower may prepay the Base Rate Loans upon not less than one (1)
Business  Days'  prior  notice to the  Administrative  Agent  (which  shall
promptly  notify the Lenders),  which notice shall  specify the  prepayment
date  (which  shall be a  Business  Day) and the  amount of the  prepayment
(which shall be at least  $1,000,000 or the remaining  aggregate  principal
balance  outstanding on the Notes) and shall be  irrevocable  and effective
only upon receipt by the  Administrative  Agent,  provided that interest on
the principal prepaid, accrued to the prepayment date, shall be paid on the
prepayment  date.  The  Borrower  may  prepay  Committed  Loans  which  are
Eurodollar  Loans upon not less than two (2) Business Days' prior notice to
the  Administrative  Agent  (which shall  promptly  notify the Lenders) and
otherwise on the same condition as for Base Rate Loans and in addition such
prepayments  of  Eurodollar  Loans shall be subject to the terms of Section
5.05 and, for each Eurodollar  Loan,  shall be in an amount equal to all of
such Eurodollar Loans for the Interest Period prepaid.

(b)  If,  after  giving  effect  to any  termination  or  reduction  of the
Aggregate   Commitments   pursuant  to  Section  2.03(b),  the  outstanding
aggregate principal amount of the Loans exceeds the Aggregate  Commitments,
the  Borrower  shall  prepay the Loans on the date of such  termination  or
reduction in an aggregate  principal  amount equal to the excess,  together
with  interest on the  principal  amount  paid  accrued to the date of such
prepayment.

(c)  Prepayments  permitted  or required  under this  Section 2.07 shall be
without  premium or penalty,  except as  required  under  Section  5.05 for
prepayment of Eurodollar  Loans. Any prepayments on the Revolving Loans may
be reborrowed subject to the then effective  Aggregate  Commitments and the
other provisions of this Agreement.

Section  2.08......Lending  Offices.  The  Loans of each  Type made by each
Lender shall be made and  maintained  at such Lender's  Applicable  Lending
Office for Loans of such Type.

Section 2.09......[Reserved].

Section  2.10......Change  in Control.  If a Change in Control  shall occur
then (a) the Borrower will,  within five Business Days after the occurrence
thereof,  give each Lender notice  thereof and shall describe in reasonable
detail the facts and circumstances  giving rise thereto and (b) each Lender
may, by notice to the Borrower and the Administrative Agent given not later
than 45 days after the occurrence of such Change in Control,  terminate its
Commitments,  which shall be  terminated  upon the date  specified  in such
notice,  which date shall be no earlier than the  fifteenth  day after such
notice; all principal,  accrued and unpaid interest and all unpaid fees and
other amounts  owing  hereunder and under the Notes of such Lender shall be
due and payable on such date.

         For  purposes  of this  Section,  a "Change in  Control"  shall be
deemed to occur (1) upon approval of the  shareholders  of the Borrower (or
if such approval is not required, upon the approval of the Borrower's Board
of  Directors  (the  "Board"))  of (A) any  consolidation  or merger of the
Borrower, other than a consolidation or merger of the Borrower into or with
a direct or indirect wholly-owned Subsidiary,  in which the Borrower is not
the  continuing  or  surviving  corporation  or pursuant to which shares of
common stock of the Borrower  would be converted  into cash,  securities or
other  property other than a merger in which the holders of common stock of
the  Borrower   immediately   prior  to  the  merger  will  have  the  same
proportionate  ownership  of  common  stock  of the  surviving  corporation
immediately  after the  merger,  (B) any sale,  lease,  exchange,  or other
transfer (in one transaction or a series of related transactions) of all or
substantially  all the assets of the Borrower,  or (C) adoption of any plan
or proposal for the  liquidation or  dissolution of the Borrower,  (2) when
any person (as defined in Section  3(a)(9) or 13(d) of the  Exchange  Act),
other than the Borrower or any subsidiary or employee benefit plan or trust
maintained by the Borrower,  shall become the beneficial  owner (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than
15% of the Borrower's  common stock  outstanding  at the time,  without the
approval  of the  Board,  or  (3)  at  any  time  during  a  period  of two
consecutive  years,  individuals  who  at  the  beginning  of  such  period
constituted  the Board shall cease for any reason to  constitute at least a
majority thereof, unless the election or the nomination for election by the
Borrower's  shareholders  of each new director  during such two-year period
was approved by a vote of at least  two-thirds of the directors  then still
in office who were  directors  at the  beginning of such  two-year  period.
Notwithstanding the foregoing, any transaction,  or series of transactions,
that shall result in the  disposition  of the  Borrower's  interest in MAP,
including  without  limitation any transaction  arising out of that certain
Put/Call,  Registration  Rights and Standstill  Agreement  dated January 1,
1998 among Marathon Oil Company, USX Corporation,  the Borrower and MAP, as
amended  from time to time,  shall not be deemed to  constitute a Change in
Control.

ARTICLE III.......

                     PAYMENTS OF PRINCIPAL AND INTEREST

Section  3.01......Repayment  of  Loans.  The  Borrower  will  pay  to  the
Administrative  Agent,  for the  account  of  each  Lender,  the  principal
payments  required by this Article III. The aggregate  principal  amount of
the Notes  outstanding on the Termination  Date shall be due and payable on
such date unless the principal  balance of the Revolving Loans  outstanding
on the  Termination  Date are  converted to Term Loans  pursuant to Section
2.03(d).  If the Revolving Loans are converted to Term Loans, the aggregate
principal amount of the Notes  outstanding on the Final Maturity Date shall
be due and payable on such date.

Section  3.02......Maturity  of Loans.  Each Loan borrowed  hereunder shall
mature,  and the principal amount thereof shall be due and payable,  on the
last day of the Interest Period applicable to such Loan.

Section 3.03......Interest.

(a) Interest Rates. The Borrower will pay to the Administrative  Agent, for
the account of each Lender, interest on the unpaid principal amount of each
Loan made by such Lender for the period commencing on the date such Loan is
made to but  excluding  the date  such Loan  shall be paid in full,  at the
following rates per annum:

(i) if such a Loan is a Base  Rate  Loan,  the  Alternate  Base Rate (as in
effect from time to time) plus the  Applicable  Margin,  but in no event to
exceed the Highest Lawful Rate; and

(ii) if such a Loan is a Eurodollar Loan that is a Committed Loan, for each
Interest  Period relating  thereto,  the Eurodollar Rate for such Loan plus
the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

(b) Post-Default Rate. Notwithstanding the foregoing, the Borrower will pay
to the Administrative Agent, for the account of each Lender interest at the
applicable  Post-Default  Rate on any  principal  of any Loan  made by such
Lender,  and (to the fullest  extent  permitted by law) on any other amount
payable by the Borrower, hereunder or under any Note held by such Lender to
or for account of such Lender,  for the period commencing on the date of an
Event of  Default  until the same is paid in full or all  Events of Default
are cured or waived.

(c) Due Dates.  Accrued interest on Base Rate Loans shall be payable on the
last day of the Interest Period applicable thereto, and accrued interest on
each  Eurodollar  Loan  shall be  payable  on the last day of the  Interest
Period therefor and, if such Interest Period is longer than three months at
three-month  intervals  following  the first day of such  Interest  Period,
except that interest payable at the Post-Default Rate shall be payable from
time to  time  on  demand  and  interest  on any  Eurodollar  Loan  that is
converted into a Base Rate Loan (pursuant to Section 5.04) shall be payable
on the date of conversion (but only to the extent so converted).

(d)  Determination  of  Rates.  Promptly  after  the  determination  of any
interest rate provided for herein or any change therein, the Administrative
Agent shall  notify the  Lenders to which such  interest is payable and the
Borrower  thereof.  Each  determination by the  Administrative  Agent of an
interest rate or fee hereunder shall, except in cases of manifest error, be
final, conclusive and binding on the parties.

ARTICLE IV........

              PAYMENTS; PRO RATA TREATMENT; COMPUTATIONS; ETC.

Section 4.01......Payments. Except to the extent otherwise provided herein,
all payments of  principal,  interest  and other  amounts to be made by the
Borrower hereunder shall be initiated in Dollars, in immediately  available
funds, to the  Administrative  Agent at such account as the  Administrative
Agent shall specify by notice to the Borrower from time to time,  not later
than 11:00 a.m. New York City time on the date on which such payments shall
become due (each such  payment  made after such time on such due date to be
deemed  to have  been  made on the  next  succeeding  Business  Day).  Such
payments  shall  be  made  without  (to the  fullest  extent  permitted  by
applicable law) defense, set-off or counterclaim.  Each payment received by
the Administrative  Agent under this Agreement on any Note for account of a
Lender shall be paid promptly to such Lender (pro rata in  accordance  with
such Lender's  Percentage Share) in immediately  available funds. Except as
provided  in clause  (ii) of the  second  paragraph  of the  definition  of
"Interest  Period," if the due date of any payment under this  Agreement or
any Note would  otherwise  fall on a day which is not a  Business  Day such
date shall be extended to the next  succeeding  Business  Day and  interest
shall be  payable  for any  principal  so  extended  for the period of such
extension.  At the time of each payment to the Administrative  Agent of any
principal of or interest on any  borrowing,  the Borrower  shall notify the
Administrative Agent of the Loans to which such payment shall apply. In the
absence of such  notice the  Administrative  Agent may specify the Loans to
which such payment shall apply,  but to the extent possible such payment or
prepayment will be applied first to the Loans comprised of Base Rate Loans.

Section  4.02......Pro  Rata  Treatment.  Except  to the  extent  otherwise
provided  herein each  Lender  agrees  that:  (a) each  borrowing  from the
Lenders  under  Section 2.01 and each  continuation  and  conversion  under
Section  2.02 shall be made from the  Lenders pro rata in  accordance  with
their  Percentage  Share,  each  payment of the Standby  Fee under  Section
2.04(a)  shall be made for account of the  Lenders  pro rata in  accordance
with their  Percentage  Shares and each  termination  or  reduction  of the
amount of the Aggregate  Commitments under Section 2.03(a) shall be applied
to the Commitment of each Lender,  pro rata according to the amounts of its
respective  Percentage Share; (b) except during the continuance of an Event
of Default,  each payment of  principal of Committed  Loans by the Borrower
shall be made for account of the Lenders  pro rata in  accordance  with the
respective  unpaid  principal  amount  of the  Type  of  Loans  so  paid as
designated  pursuant to Section 4.01; (c) except during the  continuance of
an Event of Default,  each  payment of interest on  Committed  Loans by the
Borrower  shall be made for account of the  Lenders pro rata in  accordance
with the amounts of interest due and payable to the  respective  Lenders on
the Type of Loans  to which  such  interest  payment  is to be  applied  as
designated  pursuant to Section 4.01; and (d) during the  continuance of an
Event of Default  each payment on the Loans shall be applied as provided in
Section 10.02(c).

Section 4.03......Computations. Interest on Eurodollar Loans and fees shall
be  computed  on the basis of a year of 360 days and  actual  days  elapsed
(including  the first day but  excluding  the last  day)  occurring  in the
period for which such interest is payable,  unless such  calculation  would
exceed the Highest  Lawful Rate, in which case interest shall be calculated
on the per annum  basis of a year of 365 or 366  days,  as the case may be.
Interest on Base Rate Loans shall be computed on the basis of a year of 365
or 366 days,  as the case may be, and actual days  elapsed  (including  the
first day but  excluding  the last day)  occurring  in the period for which
such interest is payable.

Section  4.04......Non-receipt of Funds by the Administrative Agent. Unless
the  Administrative  Agent  shall  have  been  notified  by a Lender or the
Borrower  prior to the date on which such  notifying  party is scheduled to
make payment to the  Administrative  Agent (in the case of a Lender) of the
proceeds  of a Loan  or (in the  case of the  Borrower)  a  payment  to the
Administrative  Agent for account of one or more of the  Lenders  hereunder
(such payment being herein  called the  "Required  Payment"),  which notice
shall  be  effective  upon  receipt,  that it does not  intend  to make the
Required Payment to the Administrative  Agent, the Administrative Agent may
assume that the  Required  Payment has been made and may, in reliance  upon
such  assumption  (but shall not be required to),  make the amount  thereof
available to the intended  recipient(s) on such date and, if such Lender or
the Borrower (as the case may be) has not in fact made the Required Payment
to the  Administrative  Agent,  the  recipient(s) of such payment shall, on
demand,  repay to the  Administrative  Agent the  amount so made  available
together  with  interest  thereon  in respect of each day during the period
commencing  on  the  date  such  amount  was  so  made   available  by  the
Administrative  Agent until but excluding the date the Administrative Agent
recovers  such  amount  at a rate  per  annum  which,  for  any  Lender  as
recipient, will be equal to the Federal Funds Rate, and for the Borrower as
recipient, will be equal to the Base Rate plus the Applicable Margin.

Section 4.05......Set-off, Sharing of Payments, Etc.

(a) The Borrower  agrees that, in addition to (and without  limitation  of)
any right of set-off,  bankers' lien or counterclaim a Lender may otherwise
have, each Lender shall have the right and be entitled,  at its option,  to
offset  balances held by it or by any of its  Affiliates for account of the
Borrower  or any  Subsidiary  at any of its  offices,  in Dollars or in any
other  currency,  against  any  principal  of or  interest  on any of  such
Lender's Loans, or any other amount payable to such Lender hereunder, which
is not paid when due  (regardless  of whether such balances are then due to
the Borrower),  in which case it shall promptly notify the Borrower and the
Administrative  Agent thereof,  provided that such Lender's failure to give
such notice shall not affect the validity thereof.

(b) If any Lender shall obtain  payment of any  principal of or interest on
any Loan  made by it to the  Borrower  under  this  Agreement  through  the
exercise of any right of set-off,  banker's lien or counterclaim or similar
right or  otherwise,  and, as a result of such  payment,  such Lender shall
have  received  a greater  percentage  of the  principal  or  interest  (or
reimbursement)  then due  hereunder by the Borrower to such Lender than the
percentage  received by any other Lenders, it shall promptly (i) notify the
Administrative  Agent and each other Lender  thereof and (ii) purchase from
such other Lenders participations in (or, if and to the extent specified by
such Lender,  direct interests in) the Loans made by such other Lenders (or
in interest due thereon, as the case may be) in such amounts, and make such
other adjustments from time to time as shall be equitable,  to the end that
all the Lenders shall share the benefit of such excess  payment (net of any
expenses  which may be incurred by such Lender in obtaining  or  preserving
such  excess  payment)  pro rata in  accordance  with the unpaid  principal
and/or  interest on the Loans held by each of the Lenders.  To such end all
the Lenders shall make  appropriate  adjustments  among  themselves (by the
resale of participations sold or otherwise) if such payment is rescinded or
must  otherwise  be  restored.  The  Borrower  agrees  that any  Lender  so
purchasing a participation  (or direct interest) in the Loans made by other
Lenders (or in interest due  thereon,  as the case may be) may exercise all
rights of  set-off,  banker's  lien,  counterclaim  or similar  rights with
respect  to such  participation  as fully as if such  Lender  were a direct
holder of Loans in the  amount  of such  participation.  Nothing  contained
herein shall  require any Lender to exercise any such right or shall affect
the right of any Lender to exercise, and retain the benefits of exercising,
any such right with respect to any other  indebtedness or obligation of the
Borrower. If under any applicable  bankruptcy,  insolvency or other similar
law, any Lender receives a secured claim in lieu of a set-off to which this
Section  4.05  applies,  such  Lender  shall,  to the  extent  practicable,
exercise its rights in respect of such secured claim in a manner consistent
with the rights of the Lenders  entitled  under this  Section 4.05 to share
the benefits of any recovery on such secured claim.

Section 4.06......Taxes.

(a) Payments Free and Clear. Any and all payments by the Borrower hereunder
shall be made,  in  accordance  with  Section  4.01,  free and clear of and
without deduction for any and all present or future taxes, levies, imposts,
deductions,  charges or  withholdings,  and all  liabilities  with  respect
thereto,  excluding,  in the  case of each  Lender  and the  Administrative
Agent, taxes imposed on their income and franchise or similar taxes imposed
on them,  by (i) any  jurisdiction  (or political  subdivision  thereof) of
which the  Administrative  Agent or such  Lender,  as the case may be, is a
citizen or  resident  or in which such  Lender  has an  Applicable  Lending
Office,  (ii) the  jurisdiction (or any political  subdivision  thereof) in
which the  Administrative  Agent or such Lender is organized,  or (iii) any
jurisdiction (or political  subdivision  thereof) in which such Lender, the
Administrative Agent is presently doing business in which taxes are imposed
solely  as a result  of  doing  business  in such  jurisdiction  (all  such
non-excluded taxes, levies, imposts, deductions,  charges, withholdings and
liabilities  being  hereinafter  referred to as  "Taxes").  If the Borrower
shall be  required by law to deduct any Taxes from or in respect of any sum
payable hereunder to the Lenders or the  Administrative  Agent, (A) the sum
payable shall be increased by the amount necessary so that after making all
required  deductions  (including  deductions  applicable to additional sums
payable under this Section 4.06) such Lender, the Administrative  Agent (as
the case may be) shall  receive  an amount  equal to the sum it would  have
received had no such deductions been made, (B) the Borrower shall make such
deductions and (C) the Borrower  shall pay the full amount  deducted to the
relevant  taxing  authority or other  Governmental  Authority in accordance
with applicable law.

(b) Other Taxes. In addition, to the fullest extent permitted by applicable
law, the Borrower  agrees to pay any present or future stamp or documentary
taxes or any other excise or property taxes, charges or similar levies that
arise from any payment made  hereunder or from the  execution,  delivery or
registration  of, or  otherwise  with  respect  to, this  Agreement  or any
Assignment (hereinafter referred to as "Other Taxes").

(c) Indemnification. To the fullest extent permitted by applicable law, the
Borrower will  indemnify each Lender and the  Administrative  Agent for the
full  amount of Taxes and Other Taxes  (including,  but not limited to, any
Taxes or Other  Taxes  imposed  by any  Governmental  Authority  on amounts
payable under this Section 4.06) paid by such Lender or the  Administrative
Agent (on their behalf or on behalf of any Lender), as the case may be, and
any  liability  (including   penalties,   interest  and  expenses)  arising
therefrom or with respect thereto, whether or not such Taxes or Other Taxes
were correctly or legally asserted unless the payment of such Taxes was not
correctly or legally asserted and such Lender's or  Administrative  Agent's
payment of such Taxes or Other Taxes was the result of its gross negligence
or willful misconduct.  Any payment pursuant to such indemnification  shall
be  made  within   thirty  (30)  days  after  the  date  any  Lender,   the
Administrative Agent, as the case may be, makes written demand therefor. If
any  Lender  or the  Administrative  Agent  receives  a refund or credit in
respect  of  any  Taxes  or  Other  Taxes  for  which  such   Lender,   the
Administrative  Agent  has  received  payment  from the  Borrower  it shall
promptly  notify the  Borrower  of such  refund or credit and shall,  if no
Default  has  occurred  and is  continuing,  within  thirty (30) days after
receipt of a request by the  Borrower  (or promptly  upon  receipt,  if the
Borrower  has  requested  application  for such  refund or credit  pursuant
hereto),  pay an amount  equal to such  refund  or  credit to the  Borrower
without interest (but with any interest so refunded or credited),  provided
that the  Borrower,  upon the request of such  Lender,  the  Administrative
Agent, agrees to return such refund or credit (plus penalties,  interest or
other charges) to such Lender or the Administrative Agent in the event such
Lender or the  Administrative  Agent is  required  to repay such  refund or
credit.  Nothing  in this  Section  4.06 (c)  shall  oblige  any  Lender to
disclose to the Borrower or any other person any information  regarding its
tax affairs or tax  computations  or interfere with the right of any Lender
to arrange its tax affairs in whatever manner it thinks fit.

(d) Lender Statements.

(i) Each Lender  represents  that it is either (1) a corporation or banking
association organized under the laws of the United States of America or any
state  thereof or (2) it is  entitled  to  complete  exemption  from United
States  withholding  tax  imposed  on or  with  respect  to  any  payments,
including  fees,  to be made to it pursuant to this  Agreement (A) under an
applicable  provision  of a tax  convention  to which the United  States of
America is a party or (B) because it is acting through a branch,  agency or
office in the United States of America and any payment to be received by it
hereunder is  effectively  connected with a trade or business in the United
States  of  America.  Each  Lender  that is not a  corporation  or  banking
association organized under the laws of the United States of America or any
state  thereof  agrees to provide to the  Borrower  and the  Administrative
Agent on the Closing Date, or on the date of its delivery of the Assignment
pursuant to which it becomes a Lender,  and at such other times as required
by United States law or as the Borrower or the  Administrative  Agent shall
reasonably  request,  two accurate and complete  original  signed copies of
either  (A)  Internal  Revenue  Service  Form  W-8ECI (or  successor  form)
certifying that all payments to be made to it hereunder will be effectively
connected  to  a  United   States  trade  or  business  (the  "Form  W-8ECI
Certification")  or (B) Internal  Revenue Service Form W-8BEN (or successor
form) certifying that it is entitled to the benefit of a provision of a tax
convention  to  which  the  United  States  of  America  is a  party  which
completely  exempts from United States  withholding  tax all payments to be
made to it hereunder (the "Form W-8BEN  Certification").  In addition, each
Lender agrees that if it previously filed a Form W-8ECI  Certification,  it
will deliver to the Borrower and the Administrative Agent a new Form W-8ECI
Certification  prior to the first  payment  date  occurring  in each of its
subsequent  taxable  years;  and  if it  previously  filed  a  Form  W-8BEN
Certification, it will deliver to the Borrower and the Administrative Agent
a new  certification  prior to the first  payment date falling in the third
year following the previous filing of such certification.  Each Lender also
agrees to deliver to the Borrower and the  Administrative  Agent such other
or supplemental forms as may at any time be required as a result of changes
in  applicable  law or regulation in order to confirm or maintain in effect
its  entitlement  to exemption  from United States  withholding  tax on any
payments  hereunder,  provided that the circumstances of such Lender at the
relevant  time  and  applicable  laws  permit  it to  do  so.  If a  Lender
determines,  as a  result  of  any  change  in  either  (i) a  Governmental
Requirement or (ii) its circumstances, that it is unable to submit any form
or  certificate  that it is  obligated  to submit  pursuant to this Section
4.06,  or that it is  required  to  withdraw  or  cancel  any such  form or
certificate previously submitted, it shall promptly notify the Borrower and
the  Administrative  Agent of such fact; and, if as a result of such change
the  Borrower is required  to pay or  reimburse  such Lender for any United
States  withholding tax with respect to any payments,  including fees, made
pursuant  to this  Agreement,  the  Borrower  shall  have  the  right  with
assistance  of the  Administrative  Agent,  to seek a  mutually  acceptable
Lender or Lenders to purchase the Notes and assume the  Commitments of such
Lender.  If a Lender is organized under the laws of a jurisdiction  outside
the United  States of America,  unless the Borrower and the  Administrative
Agent  have   received  a  Form   W-8BEN   Certification   or  Form  W-8ECI
Certification  satisfactory to them indicating that all payments to be made
to such Lender hereunder are not subject to United States  withholding tax,
the Borrower  shall  withhold  taxes from such  payments at the  applicable
statutory  rate.  Each Lender  agrees to  indemnify  and hold  harmless the
Borrower or  Administrative  Agent,  as applicable,  from any United States
taxes, penalties, interest and other expenses, costs and losses incurred or
payable  by (i) the  Administrative  Agent  as a  result  of such  Lender's
failure to submit any form or  certificate  that it is  required to provide
pursuant to this Section  4.06 or (ii) the  Borrower or the  Administrative
Agent as a result of their reliance on any such form or  certificate  which
such Lender has provided to them pursuant to this Section 4.06.

(ii) For any  period  with  respect to which a Lender has failed to provide
the Borrower with the form required  pursuant to this Section 4.06, if any,
(other  than  if  such  failure  is  due  to a  change  in  a  Governmental
Requirement occurring subsequent to the date on which a form originally was
required  to  be   provided),   such  Lender   shall  not  be  entitled  to
indemnification  under  Section 4.06 with  respect to taxes  imposed by the
United  States which taxes would not have been imposed but for such failure
to provide such forms;  provided,  however,  that should a Lender, which is
otherwise  exempt  from or subject  to a reduced  rate of  withholding  tax
becomes  subject to taxes because of its failure to deliver a form required
hereunder,  the  Borrower  shall  take  such  steps  as such  Lender  shall
reasonably request to assist such Lender to recover such taxes.

(iii) Any Lender claiming any additional  amounts payable  pursuant to this
Section  4.06  shall use  reasonable  efforts  (consistent  with  legal and
regulatory  restrictions) to file any certificate or document  requested by
the Borrower or the  Administrative  Agent or to change the jurisdiction of
its  Applicable  Lending Office or to contest any tax imposed if the making
of such a filing or change or contesting  such tax would avoid the need for
or reduce the amount of any such  additional  amounts  that may  thereafter
accrue  and  would  not,  in the  sole  determination  of such  Lender,  be
otherwise disadvantageous to such Lender.

(iv) Each of the  Lenders  represents  that it in good faith is not relying
upon any  "margin  stock"  (as  defined  in  Regulation  U of the  Board of
Governors of the Federal  Reserve System) as collateral in the extension or
maintenance of the credit provided for in this Agreement.

(v) Each of the Lenders represents that it is its present intention to make
its Loans and to  acquire  the Notes to its order for its own  account as a
result of making Loans in the  ordinary  course of its  commercial  banking
business  and not with a view to the  public  distribution  or public  sale
thereof; subject,  nonetheless,  to any legal or administrative requirement
that the  disposition of such Lender's  property at all times be within its
control.

ARTICLE V.........

                              CAPITAL ADEQUACY

Section 5.01......Additional Costs.

(a)  Eurodollar  Regulations,  etc. The Borrower shall pay directly to each
Lender from time to time such  amounts as such Lender may  determine  to be
necessary to compensate  such Lender for any costs which it determines  are
attributable  to its making or maintaining  of any Eurodollar  Loans or its
obligation to make any such Loans or any reduction in any amount receivable
by such Lender hereunder in respect of any of such Loans or such obligation
(such increases in costs and reductions in amounts  receivable being herein
called "Additional Costs"), resulting from any Regulatory Change which: (i)
changes the basis of taxation of any amounts  payable to such Lender  under
this  Agreement  or any Note in respect of any of such  Loans  (other  than
taxes imposed on the overall net income of such Lender or of its Applicable
Lending  Office  for any of such  Loans by the  jurisdiction  in which such
Lender has its  principal  office or  Applicable  Lending  Office;  or (ii)
imposes or modifies any reserve,  special deposit, minimum capital, capital
ratio or similar requirements relating to any extensions of credit or other
assets of, or any deposits with or other liabilities of such Lender, or the
Commitment or Loans of such Lender or the Eurodollar  interbank  market; or
(iii) imposes any other condition  affecting this Agreement or any Note (or
any  of  such  extensions  of  credit  or  liabilities)  or  such  Lender's
Commitment or Loans. Each Lender will notify the  Administrative  Agent and
the  Borrower  of any event  occurring  after the  Closing  Date which will
entitle  such  Lender to  compensation  pursuant  to this  Section  5.01 as
promptly as practicable  after it obtains  knowledge thereof and determines
to request such  compensation,  and will  designate a different  Applicable
Lending Office for the Loans of such Lender  affected by such event if such
designation  will  avoid  the need for,  or  reduce  the  amount  of,  such
compensation  and  will  not,  in the  sole  opinion  of  such  Lender,  be
disadvantageous  to such  Lender,  provided  that such Lender shall have no
obligation  to so designate an  Applicable  Lending  Office  located in the
United States. If any Lender requests  compensation from the Borrower under
this Section 5.01(a),  the Borrower may, by notice to such Lender,  suspend
the  obligation  of such Lender to make  additional  Loans of the Type with
respect to which such compensation is requested until the Regulatory Change
giving  rise to such  request  ceases  to be in effect  (in which  case the
provisions of Section 5.04 shall be applicable).

(b)  Regulatory  Change.  Without  limiting the effect of the provisions of
Section 5.01(a),  in the event that, by reason of any Regulatory  Change or
any other  circumstances  arising  after the Closing  Date  affecting  such
Lender,  the Eurodollar  interbank market or such Lender's position in such
market,  any Lender either (i) incurs Additional Costs based on or measured
by the  excess  above a  specified  level of the  amount of a  category  of
deposits or other  liabilities  of such Lender which  includes  deposits by
reference to which the interest rate on  Eurodollar  Loans is determined as
provided in this  Agreement or a category of  extensions of credit or other
assets of such  Lender  which  includes  Eurodollar  Loans or (ii)  becomes
subject to  restrictions on the amount of such a category of liabilities or
assets which it may hold,  then,  if such Lender so elects by notice to the
Borrower, the obligation of such Lender to make additional Eurodollar Loans
shall be  suspended  until such  Regulatory  Change or other  circumstances
ceases to be in effect (in which case the  provisions of Section 5.04 shall
be applicable).

(c)  Capital  Adequacy.  Without  limiting  the  effect  of  the  foregoing
provisions  of this Section 5.01 (but  without  duplication),  the Borrower
shall pay  directly to any Lender from time to time on request such amounts
as such Lender may reasonably  determine to be necessary to compensate such
Lender or its parent or holding  company for any costs which it  determines
are attributable to the maintenance by such Lender or its parent or holding
company (or any Applicable  Lending  Office),  pursuant to any Governmental
Requirement  following any Regulatory  Change, of capital in respect of its
Commitment,  its Notes or its Loans, such compensation to include,  without
limitation,  an  amount  equal to any  reduction  of the rate of  return on
assets or equity of such  Lender or its parent or holding  company  (or any
Applicable  Lending  Office) to a level below that which such Lender or its
parent or holding  company (or any  Applicable  Lending  Office) could have
achieved but for such Governmental Requirement. Such Lender will notify the
Borrower  that it is entitled  to  compensation  pursuant  to this  Section
5.01(c) as promptly as  practicable  after it  determines  to request  such
compensation.

(d)  Compensation  Procedure.  Any Lender  notifying  the  Borrower  of the
incurrence of Additional Costs under this Section 5.01 shall in such notice
to the Borrower and the Administrative Agent set forth in reasonable detail
the basis and amount of its request for  compensation.  Determinations  and
allocations  by each Lender for purposes of this Section 5.01 of the effect
of any  Regulatory  Change  pursuant  to Section  5.01(a) or (b), or of the
effect of capital maintained  pursuant to Section 5.01(c),  on its costs or
rate of return of maintaining  Loans or its obligation to make Loans, or on
amounts  receivable by it in respect of Loans,  and of the amounts required
to compensate such Lender under this Section 5.01,  shall,  absent manifest
error,  be  conclusive  and binding for all  purposes,  provided  that such
determinations  and allocations are made on a reasonable basis. Any request
for  additional  compensation  under this Section 5.01 shall be paid by the
Borrower  within  thirty  (30) days of the  receipt by the  Borrower of the
notice described in this Section 5.01(d).

(e)  Replacement  of Bank.  If any Lender has demanded  compensation  under
Section  5.01(c),  the Borrower shall have the right (so long as no Default
or Event of  Default  shall be in  existence)  with the  assistance  of the
Administrative  Agent, to seek a Lender or Lenders  mutually  acceptable to
the Borrower and the Administrative  Agent to purchase the Notes and assume
the Commitments of such Lender.

Section  5.02......Limitation  on Eurodollar Loans.  Anything herein to the
contrary  notwithstanding,  if,  on or  prior to the  determination  of any
Eurodollar Rate for any Interest Period:

(a) the  Administrative  Agent  determines  (which  determination  shall be
conclusive,  absent  manifest  error) that quotations of interest rates for
the relevant deposits  referred to in the definition of "Eurodollar  Rate,"
as the case may be, in Section 1.02 are not being  provided in the relevant
amounts or for the relevant maturities for purposes of determining rates of
interest for Eurodollar Loans as provided herein; or

(b) the  Administrative  Agent  determines  (which  determination  shall be
conclusive,  absent  manifest  error) that the  relevant  rates of interest
referred to in the definition of "Eurodollar  Rate," as the case may be, in
Section  1.02 upon the basis of which the rate of interest  for  Eurodollar
Loans for such Interest  Period is to be determined  are not  sufficient to
adequately  cover  the  cost  to  the  Lenders  of  making  or  maintaining
Eurodollar Loans;

then the  Administrative  Agent  shall  give  the  Borrower  prompt  notice
thereof, and so long as such condition remains in effect, the Lenders shall
be under no obligation to make additional Eurodollar Loans.

Section  5.03......Illegality.  Notwithstanding any other provision of this
Agreement,  in the event  that it  becomes  unlawful  for any Lender or its
Applicable  Lending  Office to honor  its  obligation  to make or  maintain
Eurodollar  Loans  hereunder,  then such Lender shall  promptly  notify the
Borrower  thereof and such  Lender's  obligation to make  Eurodollar  Loans
shall be  suspended  until  such time as such  Lender  may  again  make and
maintain  Eurodollar  Loans (in which case the  provisions  of Section 5.04
shall be applicable).

Section  5.04......Base Rate Loans. If the obligation of any Lender to make
Eurodollar Loans shall be suspended pursuant to Sections 5.01, 5.02 or 5.03
("Affected  Loans"),  all Affected  Loans which would  otherwise be made by
such  Lender  shall be made  instead as Base Rate Loans  (and,  if an event
referred to in Section 5.01(b) or Section 5.03 has occurred and such Lender
so requests by notice to the  Borrower,  all Affected  Loans of such Lender
then outstanding  shall be automatically  converted into Base Rate Loans on
the date  specified  by such Lender in such notice) and, to the extent that
Affected  Loans are so made as (or  converted  into) Base Rate  Loans,  all
payments of principal  which would  otherwise  be applied to such  Lender's
Affected Loans shall be applied instead to its Base Rate Loans.

Section  5.05......Compensation.  The  Borrower  shall  pay to each  Lender
within thirty (30) days of receipt of written request of such Lender (which
request shall set forth,  in reasonable  detail,  the basis for  requesting
such amounts and which shall be  conclusive  and binding,  absent  manifest
error,  for all purposes  provided that such  determinations  are made on a
reasonable  basis),  such amount or amounts as shall  compensate it for any
loss,  cost,   expense  or  liability  which  such  Lender  determines  are
attributable to:

(a) any payment,  prepayment or  conversion  of a Eurodollar  Loan properly
made by such  Lender or the  Borrower  for any reason  (including,  without
limitation,  the  acceleration of the Loans pursuant to Section 10.02) on a
date other than the last day of the Interest Period for such Loan; or

(b) any failure by the Borrower for any reason  (including  but not limited
to, the failure of any of the conditions  precedent specified in Article VI
to be satisfied) to borrow, continue or convert a Eurodollar Loan from such
Lender on the date for such borrowing, continuation or conversion specified
in the relevant notice given pursuant to Section 2.02(c).

Without limiting the effect of the preceding  sentence,  such  compensation
shall  include an amount equal to the excess,  if any, of (i) the amount of
interest which would have accrued on the principal amount so paid,  prepaid
or converted or not borrowed for the period from the date of such  payment,
prepayment  or  conversion  or  failure  to  borrow  to the last day of the
Interest Period for such Loan (or, in the case of a failure to borrow,  the
Interest  Period  for such Loan  which  would  have  commenced  on the date
specified for such  borrowing) at the applicable  rate of interest for such
Loan  provided  for herein over (ii) the  interest  component of the amount
such  Lender  would  have bid in the  London  interbank  market  for Dollar
deposits of leading banks in amounts  comparable to such  principal  amount
and with maturities  comparable to such period (as reasonably determined by
such Lender).

ARTICLE VI........

                            CONDITIONS PRECEDENT

Section  6.01......Closing  and  Initial  Funding.  The  obligation  of the
Lenders to make the Initial  Funding is subject to the  following:  (a) the
receipt by the  Administrative  Agent and the  Lenders of all fees  payable
pursuant to Section 2.04 and all fees  payable  pursuant to the Fee Letter;
(b) that no material adverse change shall have occurred since September 30,
2003 in the financial  position or the results of operation of the Borrower
and  its  Subsidiaries  taken  as a  whole  or the  facts  and  information
regarding  the Borrower  and its  Subsidiaries  represented  to the Lenders
prior to the  Closing  Date and the  satisfaction  of the other  conditions
provided in this Section 6.01, (c) the termination on the Effective Date of
the Existing Agreement and the repayment by the Borrower of all amounts due
and owing to the Existing Lenders under the Existing Agreement, and (d) the
receipt by the  Administrative  Agent of the following  documents,  each of
which shall be reasonably  satisfactory to the Administrative Agent in form
and substance:

(i) Executed counterparts of this Agreement.

(ii) A  certificate  of the  Secretary  or an  Assistant  Secretary  of the
Borrower  setting  forth (A)  resolutions  of its board of  directors  with
respect to the  authorization  of the  Borrower to execute and deliver this
Agreement and the Notes and to enter into the transactions  contemplated in
those documents, (B) the officers of the Borrower (I) who are authorized to
sign this  Agreement  and the Notes and (II) who will,  until  replaced  by
another  officer or officers duly  authorized for that purpose,  act as its
representative for the purposes of signing documents and giving notices and
other communications in connection with this Agreement and the transactions
contemplated  hereby, (C) specimen  signatures of the Authorized  Officers,
and (D) the  articles or  certificate  of  incorporation  and bylaws of the
Borrower,  certified as being true and complete.  The Administrative  Agent
and  the  Lenders  may  conclusively  rely on such  certificate  until  the
Administrative  Agent  receives  notice in writing from the Borrower to the
contrary.

(iii)  Certificates  of the  Secretary  of  State  of the  Commonwealth  of
Kentucky with respect to the existence,  qualification and good standing of
the Borrower.

(iv) A compliance  certificate  which shall be substantially in the form of
Exhibit C, duly and properly  executed by a Financial  Officer and dated as
of the Effective Date.

(v) Notes duly completed and executed.

(vi) An opinion of  Borrower's  senior  in-house  counsel,  at or above the
Senior  Counsel  level  or  other  counsel  for  the  Borrower   reasonably
satisfactory  to the  Administrative  Agent,  substantially  in the form of
Exhibit D hereto.

(vii) Such other  documents  as the  Administrative  Agent or any Lender or
special counsel to the Administrative Agent may reasonably request.

Section  6.02......Initial  and  Subsequent  Loans.  The  obligation of the
Lenders  to make  any  Loans to the  Borrower  upon  the  occasion  of each
borrowing hereunder (including the Initial Funding and any continuation and
conversion  under  Section  2.02(d)  or  (e))  is  subject  to the  further
conditions  precedent  that,  as of the date of such Loans and after giving
effect thereto:  (a) no Default shall have occurred and be continuing;  (b)
no Material Adverse Effect shall have occurred; and (c) the representations
and warranties  made by the Borrower in Article VII shall be true on and as
of the date of the  making of such  Loans with the same force and effect as
if made on and as of such date and following such new borrowing,  except to
(I) the extent such representations and warranties are expressly limited to
an earlier date, (II) the Majority Lenders  expressly consent in writing to
the contrary and (III)  provided,  that with respect to a new Loan pursuant
to a continuation or conversion  under Section 2.02(d) or (e), it shall not
be a condition precedent to such Loan that Section 7.02 or 7.03 be true and
correct as of the date of such Loan.  Each  request for a borrowing  by the
Borrower  hereunder shall constitute a certification by the Borrower to the
effect  set forth in the  preceding  sentence  (both as of the date of such
notice and, unless the Borrower otherwise notifies the Administrative Agent
prior to the date of and  immediately  following  such  borrowing as of the
date thereof).

ARTICLE VII.......

                       REPRESENTATIONS AND WARRANTIES

         The Borrower  represents and warrants to the Administrative  Agent
and the Lenders that (each  representation  and warranty herein is given as
of the Closing  Date and shall be deemed  repeated  and  reaffirmed  on the
dates of each borrowing as provided in Section 6.02):

Section 7.01......Existence. The Borrower: (a) is duly organized or formed,
legally existing and in good standing, if applicable, under the laws of the
jurisdiction  of its formation;  (b) has all requisite  power,  and has all
material  governmental  licenses,  authorizations,  consents and  approvals
necessary  to own its assets and carry on its  business  as now being or as
proposed  to be  conducted;  and (c) is  qualified  to do  business  in all
jurisdictions  in which the nature of the  business  conducted  by it makes
such  qualification  necessary and where failure so to qualify would have a
Material Adverse Effect.

Section  7.02......Financial  Condition.  The audited  Consolidated balance
sheet of the Borrower and its Subsidiaries as at September 30, 2003 and the
related Consolidated  statements of income, common stockholders' equity and
cash flows of the Borrower and its  Subsidiaries  for the fiscal year ended
on said date,  with the  opinion  thereon  of Ernst & Young LLP  heretofore
furnished  to  each  of  the  Lenders  on  Form  10-K,  and  the  unaudited
Consolidated  balance  sheet of the  Borrower  and its  Subsidiaries  as at
December 31, 2003 and the related Consolidated statements of income, common
stockholders'  equity and cash flows of the Borrower  and its  Subsidiaries
for the three month period ended on such date  heretofore  furnished to the
Administrative   Agent  on  Form  10-Q,  fairly  present  the  Consolidated
financial  position of the Borrower and its  Subsidiaries  as at said dates
and the  Consolidated  results of their  operations for the fiscal year and
the three month periods ended on said dates,  all in accordance  with GAAP.
Since September 30, 2003, there has been no Material Adverse Effect.

Section  7.03......Litigation.  Except  as  disclosed  to  the  Lenders  in
Schedule 7.03 hereto,  there is no  litigation,  legal,  administrative  or
arbitral  proceeding,  investigation  or other action of any nature pending
or, to the  knowledge of the Borrower  threatened  against or affecting the
Borrower or any  Subsidiary the probable  outcome of which would  adversely
affect the  validity  or  enforceability  of this  Agreement  or any of the
Notes, or would have a Material Adverse Effect.

Section  7.04......No  Breach.  Neither the  execution and delivery of this
Agreement  and the  Notes,  nor  compliance  with the terms and  provisions
hereof will  conflict with or result in a breach of, or require any consent
which has not been  obtained as of the Closing Date under,  the  respective
Third Restated  Articles of  Incorporation  or by-laws of the Borrower,  as
amended, or any Governmental Requirement or any indenture or loan or credit
agreement  or any  other  material  agreement  or  instrument  to which the
Borrower  is a  party  or by  which  it is  bound  or to  which  it or  its
Properties are subject,  or constitute a default under any such  indenture,
agreement or instrument which would materially adversely affect the ability
of the Borrower to perform its  obligations  under this Agreement or result
in the  creation  or  imposition  of any Lien upon any of the  revenues  or
assets of the Borrower or any Subsidiary  pursuant to the terms of any such
agreement or instrument.

Section  7.05......Authority.  The  Borrower  has all  necessary  power and
authority to execute,  deliver and perform its  obligations  hereunder  and
under  the  Notes;  and the  execution,  delivery  and  performance  by the
Borrower of this Agreement and the Notes,  have been duly authorized by all
necessary  action on its part; and this Agreement and the Notes  constitute
the legal,  valid and binding  obligations of the Borrower,  enforceable in
accordance  with their terms except as limited by  bankruptcy,  insolvency,
reorganization,  moratorium  or other  similar laws of general  application
relating  to or  affecting  creditor's  rights and  general  principles  of
equity.

Section   7.06......Approvals.   Except   as   have   been   obtained,   no
authorizations,  approvals or consents of, and no filings or  registrations
with, any Governmental Authority are necessary for the execution,  delivery
or  performance  by the Borrower of this  Agreement or the Notes or for the
validity or enforceability thereof.

Section 7.07......Use of Loans. The proceeds of the Loans shall be used for
general working capital,  capital  expenditures and other general corporate
purposes,  including without limitation, to support insurance requirements.
The  Borrower  is not  engaged  principally,  or as  one  of its  important
activities,  in the business of extending  credit for the purpose,  whether
immediate,  incidental  or  ultimate,  of buying or carrying  margin  stock
(within the meaning of  Regulation  G, U or X of the Board of  Governors of
the Federal  Reserve  System),  as they may be amended or interpreted  from
time to time.

Section 7.08......ERISA.

(a) The Borrower, each Subsidiary and each ERISA Affiliate have complied in
all material respects with ERISA and, where applicable,  the Code regarding
each Plan.

(b) Each Plan is, and has been,  maintained in substantial  compliance with
ERISA and, where applicable, the Code.

(c) No act,  omission or  transaction  has  occurred  which could result in
imposition on the Borrower,  any Subsidiary or any ERISA Affiliate (whether
directly or indirectly) of (i) either a civil penalty assessed  pursuant to
section 502(c), (i) or (l) of ERISA or a tax imposed pursuant to Chapter 43
of  Subtitle  D of the Code or (ii)  breach  of  fiduciary  duty  liability
damages under  section 409 of ERISA,  either of which would have a Material
Adverse Effect.

(d) No  liability  to the PBGC  (other  than  for the  payment  of  current
premiums  which are not past due) by the  Borrower,  any  Subsidiary or any
ERISA Affiliate has been or is expected by the Borrower,  any Subsidiary or
any ERISA Affiliate to be incurred with respect to any Plan. No ERISA Event
with respect to any Plan has occurred.

(e) Full payment when due has been made of all amounts  which the Borrower,
any  Subsidiary or any ERISA  Affiliate is required under the terms of each
Plan or applicable law to have paid as  contributions  to such Plan, and no
accumulated  funding  deficiency  (as  defined in section  302 of ERISA and
section 412 of the Code), whether or not waived, exists with respect to any
Plan.

(f) No Pension Plan has any Unfunded Pension Liability.

(g) None of the Borrower,  any Subsidiary or any ERISA Affiliate  sponsors,
maintains,  or contributes to an employee  welfare benefit plan, as defined
in section  3(1) of ERISA,  including,  without  limitation,  any such plan
maintained to provide benefits to former  employees of such entities,  that
may not be terminated by the Borrower,  a Subsidiary or any ERISA Affiliate
in its sole discretion at any time without any material liability.

(h) None of the Borrower,  any Subsidiary or any ERISA Affiliate  sponsors,
maintains  or  contributes  to, or has at any time in the  six-year  period
preceding the date of this Agreement  sponsored,  maintained or contributed
to,  any  Multiemployer  Plan  other than  those  listed on  Schedule  7.08
attached hereto. Prior to the execution of this Agreement, the Borrower has
furnished to the Majority Lenders with respect to each  Multiemployer  Plan
listed  on  Schedule  7.08  hereto  (i) a true and  substantially  complete
listing  of the  contributions  required  to be made by the  Borrower,  the
Subsidiaries and all ERISA Affiliates to such  Multiemployer  Plan for each
of the five calendar years preceding the date of this  Agreement,  and (ii)
true and complete copies of all information  which has been provided to any
of the Borrower,  a Subsidiary or any ERISA Affiliate regarding assessed or
potential withdrawal liability under any such Multiemployer Plan.

Section  7.09......Taxes.  Except as set out in Schedule 7.09,  each of the
Borrower and the  Subsidiaries  has filed all United States  Federal income
tax  returns and all other tax  returns  which are  required to be filed by
them and,  except for taxes which are being contested in good faith through
appropriate  proceedings,  have  paid  all  taxes  due on such  returns  or
pursuant to any assessment received by the Borrower or any Subsidiary.  The
charges,  accruals  and  reserves  on the  books  of the  Borrower  and the
Subsidiaries  in  respect  of taxes are,  in the  opinion of the  Borrower,
adequate. No tax lien has been filed and, to the knowledge of the Borrower,
no claim is being  asserted  with respect to any tax, fee or other  charge,
except for those for which adequate reserves have been provided.

Section  7.10......No  Material  Misstatements.   No  written  information,
statement,  exhibit,  certificate,  document  or  report  furnished  to the
Administrative  Agent and the Lenders  (or any of them) by the  Borrower in
connection  with the  negotiation of this Agreement  contained any material
misstatement  of fact or  omitted  to  state a  material  fact or any  fact
necessary to make the statement contained therein not materially misleading
in the light of the  circumstances  in which  made and with  respect to the
Borrower and the Subsidiaries  taken as a whole.  There is no fact peculiar
to the Borrower or any Substantial  Subsidiary which has a Material Adverse
Effect  or in the  future  is  reasonably  likely  to  have  (so far as the
Borrower can now foresee) a Material  Adverse Effect and which has not been
set  forth in this  Agreement  or the  other  documents,  certificates  and
statements  furnished  to the  Administrative  Agent by or on behalf of the
Borrower or any Subsidiary  prior to, or on, the Closing Date in connection
with the transactions contemplated hereby.

Section   7.11......Investment   Company   Act.  The  Borrower  is  not  an
"investment company" or a company "controlled" by an "investment  company,"
within the meaning of the Investment Company Act of 1940, as amended.

Section 7.12......Public Utility Holding Company Act. The Borrower is not a
"holding company," or a "subsidiary  company" of a "holding company," or an
"affiliate"  of a  "holding  company"  or of a  "subsidiary  company"  of a
"holding  company," or a "public  utility" within the meaning of the Public
Utility Holding Company Act of 1935, as amended.

Section 7.13......Defaults.  No Default hereunder has occurred and is
continuing.

Section 7.14......Environmental Matters. Except (a) as provided in Schedule
7.14 or (b) as would not have a Material Adverse Effect (or with respect to
(iii), (iv) and (v) below, where the failure to take such actions would not
have a Material Adverse Effect):

(i)  Neither  any  Property  of the  Borrower  or any  Subsidiary  nor  the
operations  conducted thereon violate any order or requirement of any court
or Governmental Authority or any Environmental Laws;

(ii) Without limitation of clause (a) above, no Property of the Borrower or
any Subsidiary nor the operations  currently  conducted  thereon or, to the
best  knowledge  of the  Borrower,  by any prior  owner or operator of such
Property  or  operation,  are in  violation  of or  subject  to  any  known
existing,  pending or threatened action,  suit,  investigation,  inquiry or
proceeding  by or before  any  court or  Governmental  Authority  or to any
remedial obligations under Environmental Laws;

(iii) To the best knowledge of the Borrower, all notices, permits, licenses
or similar  authorizations,  if any,  required  to be  obtained or filed in
connection  with  the  operation  or use of any  and  all  Property  of the
Borrower and each Subsidiary,  including without limitation past or present
treatment,  storage,  disposal or release of a hazardous substance or solid
waste  into the  environment,  have been duly  obtained  or filed,  and the
Borrower  and  each  Subsidiary  are  in  compliance  with  the  terms  and
conditions   of  all  such   notices,   permits,   licenses   and   similar
authorizations;

(iv) All hazardous substances and solid waste, if any, generated at any and
all  Property  of the  Borrower  or any  Subsidiary  have in the past  been
transported,  treated and  disposed of in  accordance  with the  applicable
Environmental  Laws,  and, to the best knowledge of the Borrower,  all such
transport carriers and treatment and disposal  facilities have been and are
operating in compliance with  Environmental Laws and are not the subject of
any known existing, pending or threatened action,  investigation or inquiry
by any Governmental Authority in connection with any Environmental Laws;

(v) To the  extent  applicable,  all  Property  of the  Borrower  and  each
Subsidiary  currently  satisfies  all  applicable  design,  operation,  and
equipment  requirements  imposed by the OPA or  scheduled as of the Closing
Date to be  imposed  by OPA  during  the  term of this  Agreement,  and the
Borrower  does not have any reason to believe  that such  Property,  to the
extent subject to OPA, will not be able to maintain compliance with the OPA
requirements during the term of this Agreement; and

(vi)  Neither the  Borrower  nor any  Subsidiary  has any known  contingent
liability in connection with any release of any oil, hazardous substance or
solid waste into the  environment.  For  purposes of this  clause  (vi),  a
liability  shall be  deemed  contingent  when it rises to a level  where it
should be reported in  footnotes or  otherwise  in  financials  prepared in
accordance with GAAP or in appropriate filings with the SEC.

Section  7.15......Insurance.  The Borrower and each  Subsidiary  maintains
adequate  insurance and/or self insurance coverage in at least such amounts
and  against  at least  such  risks  (but  including  in any  event  public
liability) as are usually insured against by companies  engaged in the same
or a similar business, similarly situated, for the assets and operations of
the   Borrower  and  each   Subsidiary   including,   without   limitation,
environmental risk insurance to the extent reasonably necessary.

Section 7.16......Reportable  Transaction.  Neither the Borrower nor any of
its  Subsidiaries  expects to identify  one or more of the Loans under this
Agreement  as a  "reportable  transaction"  on IRS Form 8886 filed with the
U.S. tax returns for purposes of Section 6011,  6111 or 6112 of the Code or
the Treasury Regulations promulgated thereunder.

ARTICLE VIII......

                           AFFIRMATIVE COVENANTS

         The  Borrower  covenants  and agrees  that,  so long as any of the
Commitments  are in effect and until  payment  in full of all  Indebtedness
hereunder,  all  interest  thereon  and all other  amounts  payable  by the
Borrower hereunder:

Section 8.01......Reporting  Requirements.  The Borrower  shall  deliver,  or
shall cause to be  delivered,  to the Administrative Agent and to the Lenders:

(a) Annual  Financial  Statements.  As soon as  available  and in any event
within  120  days  after  the end of  each  fiscal  year  of the  Borrower,
financial   statements   prepared  in  accordance  with  GAAP.  The  annual
statements shall be audited by independent  auditors of recognized national
standing acceptable to the Administrative  Agent and shall include a report
of the  independent  auditors  stating that in their opinion such financial
statements  present  fairly,  in all material  respects,  the  Consolidated
financial  position of the Borrower and its  Consolidated  subsidiaries and
the Consolidated  results of their operations and their  Consolidated  cash
flows for the respective  years, in conformity  with accounting  principles
generally  accepted in the United States.  In addition,  such opinion shall
not contain a "going concern" or like qualification or exception.

(b) Quarterly Financial  Statements.  As soon as available and in any event
within 60 days after the end of each of the first  three  fiscal  quarterly
periods of each fiscal year of the  Borrower,  Consolidated  statements  of
income,  common stockholders' equity and cash flows of the Borrower and its
Consolidated  Subsidiaries  for  the  period  from  the  beginning  of  the
respective  fiscal  year  to the  end  of  such  period,  and  the  related
Consolidated balance sheets as at the end of such period, and setting forth
in  each  case  in  comparative  form  the  corresponding  figures  for the
corresponding  period in the  preceding  fiscal  year,  accompanied  by the
certificate of a Financial Officer, which certificate shall state that said
financial statements fairly present the Consolidated financial position and
results of operations  and cash flows of the Borrower and its  Consolidated
Subsidiaries  in  accordance  with GAAP,  as at the end of,  and for,  such
period (subject to normal year-end audit adjustments).

(c) Notice of Default,  Etc.  Promptly  after the  Borrower  knows that any
Default  or any  Material  Adverse  Effect has  occurred,  a notice of such
Default or  Material  Adverse  Effect,  describing  the same in  reasonable
detail and the action the Borrower proposes to take with respect thereto.

(d) SEC Filings,  Etc. Promptly upon its becoming available,  (i) each Form
10K,  Form 10Q and  Form 8K,  filed  by the  Borrower  with any  securities
exchange or the SEC or any successor  agency and (ii) notice to each Lender
of the availability of each registration statement (other than registration
statements  on Form S-8 or Form S-3  relating to employee  benefit or stock
option plans) and promptly upon receiving a written request  therefor,  the
Borrower will furnish copies of such  registration  statement to the Lender
submitting the request.

(e)  Environmental  Matters.  Notice  of any  threatened  material  action,
investigation  or  inquiry  by any  Governmental  Authority  of  which  the
Borrower has knowledge,  in connection with any  Environmental  Laws, under
circumstances where such threatened action,  investigation or inquiry could
result in a Material Adverse Effect.

(f) Other Matters.  From time to time such other information  regarding the
business,  affairs or financial condition of the Borrower or any Subsidiary
(including,  without  limitation,  any Plan or  Multiemployer  Plan and any
reports  or other  information  required  to be filed  under  ERISA) as any
Lender or the Administrative Agent may reasonably request.

The Borrower will furnish to the Administrative  Agent and the Lenders,  at
the  time  it  furnishes  each  set of  financial  statements  pursuant  to
paragraph  (a) or (b) above,  a  certificate  substantially  in the form of
Exhibit C hereto  executed  by a  Financial  Officer  certifying  as to the
matters set forth therein and stating that such financial  statements  have
been prepared in accordance  with GAAP and that he has no knowledge  that a
Default has occurred and is continuing (or, if any Default has occurred and
is continuing,  describing the same in reasonable detail and the action the
Borrower proposes to take with respect thereto).

Section  8.02......Litigation.  The  Borrower  shall  promptly,  after  the
commencement  thereof,  give to the  Administrative  Agent and the  Lenders
notice of all litigation,  legal,  administrative  or arbitral  proceedings
investigation  or other  action of any  nature of this  type  described  in
Section  7.03  hereof.  The  Borrower  will,  and  will  cause  each of the
Subsidiaries to, promptly notify the  Administrative  Agent and each of the
Lenders of any  judgment  affecting  any  Property  of the  Borrower or any
Subsidiary  if the value of the  judgment  affecting  such  Property  shall
exceed $50,000,000.  Upon request of the Administrative Agent or any Lender
the Borrower  will furnish to the Agent and such Lender a list of any Liens
on Property of the Borrower or any Subsidiary  securing an obligation of in
excess of $25,000,000.

Section 8.03......Maintenance, Etc.

(a) The  Borrower  shall  and  shall  use its best  efforts  to cause  each
Subsidiary to:  preserve and maintain its existence and all of its material
rights,  privileges and franchises (provided,  however, that nothing herein
contained  shall prevent any merger or  consolidation  permitted by Section
9.03) pay and discharge all taxes,  assessments and governmental charges or
levies  imposed on it or on its income or profits or on any of its Property
prior to the date on which penalties  attach  thereto,  except for any such
tax, assessment,  charge or levy the payment of which is being contested in
good faith and by proper  proceedings  and against which adequate  reserves
are being  maintained or which is not a material  liability of the Borrower
or any  Substantial  Subsidiary in relation to the  Consolidated  financial
condition of the Borrower and Subsidiaries taken as a whole.

(b) The  Borrower  will and will  cause  each  Subsidiary  to  operate  its
Properties  or cause  such  Properties  to be  operated  in a  careful  and
efficient  manner in  accordance  with the practices of the industry and in
material respects in compliance with all material  contracts and agreements
and with all applicable Governmental  Requirements except where the failure
to do so would not  reasonably be expected to result in a Material  Adverse
Effect.

(c) The Borrower  will keep or cause to be kept all property of a character
usually  insured  by  Persons  engaged  in the same or a similar  business,
similarly  situated  against  loss or damage  of all  kinds and in  amounts
customarily  insured against by such Persons and carry such other insurance
as is  usually  carried  by such  Persons  including,  without  limitation,
environmental  risk insurance,  through self insurance or with  financially
sound and reputable insurers.

Section  8.04......Further  Assurances.  The Borrower will and will use its
best efforts to cause each  Subsidiary  to cure promptly any defects in the
creation and issuance of the Notes and the  execution  and delivery of this
Agreement.  The  Borrower at its expense will and will use its best efforts
to  cause  each   Subsidiary  to  promptly   execute  and  deliver  to  the
Administrative Agent upon request all such other documents,  agreements and
instruments as may be reasonably requested to comply with or accomplish the
covenants and agreements of the Borrower or any Subsidiary, as the case may
be, in this Agreement,  or to further  evidence and more fully describe the
collateral  intended as security for the Notes,  or to state more fully the
security obligations set out herein, or to make any recordings, to file any
notices or obtain any consents,  all as may be necessary or  appropriate in
connection therewith.

Section  8.05......Performance  of  Obligations.  The Borrower will pay the
Notes according to the reading,  tenor and effect thereof; and the Borrower
will and  will use its best  efforts  to cause  each  Subsidiary  to do and
perform every act and discharge all of the  obligations to be performed and
discharged  by them under this  Agreement,  at the time or times and in the
manner specified.

Section  8.06......ERISA  Information  and  Compliance.  The Borrower  will
promptly furnish and will cause the Subsidiaries and any ERISA Affiliate to
promptly  furnish  to  the   Administrative   Agent  and  the  Lenders  (a)
immediately  upon becoming aware of the occurrence of any ERISA Event or of
any  "prohibited  transaction,"  as described in section 406 of ERISA or in
section 4975 of the Code, in connection  with any Plan or any trust created
thereunder  that results in a Material  Adverse  Effect,  a written  notice
signed by a Financial  Officer  specifying the nature thereof,  what action
the Borrower,  the Subsidiary or the ERISA  Affiliate is taking or proposes
to take with respect thereto, and, when known, any action taken or proposed
by the Internal Revenue  Service,  the Department of Labor or the PBGC with
respect thereto, (b) immediately upon receipt thereof, copies of any notice
of the PBGC's  intention  to  terminate  or to have a trustee  appointed to
administer  any Plan  (c)  immediately  upon  receipt  of a  notice  from a
Multiemployer  Plan regarding the imposition of withdrawal  liability in an
amount that would constitute a Material Adverse Effect, a true and complete
copy  of such  notice  and  (d)  immediately  upon  becoming  aware  that a
Multiemployer  Plan has been  terminated,  that the  administrator  or plan
sponsor of a Multiemployer Plan intends to terminate a Multiemployer  Plan,
or that the PBGC has instituted or intends to institute  proceedings  under
section 4042 of ERISA to terminate a  Multiemployer  Plan, a written notice
signed by a Financial Officer, specifying the nature of such occurrence and
any other  information  relating thereto requested by the Majority Lenders.
With respect to each Plan (other than a Multiemployer  Plan),  the Borrower
will, and will cause each Subsidiary and ERISA Affiliate to, (i) satisfy in
full  and in a  timely  manner,  without  incurring  any  late  payment  or
underpayment  charge or penalty and without giving rise to any lien, all of
the  contribution  and  funding  requirements  of  section  412 of the Code
(determined  without regard to  subsections  (d), (e), (f) and (k) thereof)
and of section 302 of ERISA (determined without regard to sections 303, 304
and 306 of  ERISA),  and (ii)  pay,  or cause to be paid,  to the PBGC in a
timely manner, without incurring any late payment or underpayment charge or
penalty, all premiums required pursuant to sections 4006 and 4007 of ERISA.

Section  8.07......Compliance  with Laws. The Borrower will, and will cause
each of its Subsidiaries to, comply with the laws,  rules,  regulations and
orders of any  Governmental  Authority  applicable to it or its  Properties
(including,  without  limitation,  Environmental  Laws),  except  where the
failure to do so would not  reasonably  be expected to result in a Material
Adverse Effect.

Section  8.08......Payment of Taxes. The Borrower will, and will cause each
of its Subsidiaries to, pay its Taxes, that, if not paid, could result in a
Material  Adverse  Effect  before the same shall  become  delinquent  or in
default, except where (a) the validity or amount thereof is being contested
in  good  faith  by  appropriate  proceedings,  (b)  the  Borrower  or such
Subsidiary  has set  aside on its  books  adequate  reserves  with  respect
thereto in accordance with GAAP and (c) the failure to make payment pending
such  contest  could not  reasonably  be  expected  to result in a Material
Adverse Effect.

ARTICLE IX........

                             NEGATIVE COVENANTS

         The  Borrower  covenants  and agrees  that,  so long as any of the
Commitments are in effect and until payment in full of Loans hereunder, all
interest  thereon and all other amounts payable by the Borrower  hereunder,
without the prior written consent of the Majority Lenders:

Section  9.01......Liens.  The  Borrower  will not, and will not permit any
Subsidiary  to,  create,  incur,  assume or permit to exist any Lien on any
Property now owned or hereafter owned by it, except:

(a) any Lien on any  property or asset of the  Borrower  or any  Subsidiary
existing on the date hereof;

(b) easements,  rights-of-way, minor defects or irregularities in title and
other similar  encumbrances having no material adverse effect on the use or
value of property or on the conduct of the Borrower's business;

(c)  unexercised  liens for taxes not delinquent or being contested in good
faith by appropriate  proceedings and for which adequate reserves are being
maintained;

(d) mechanics,  suppliers,  materialmen's  and similar liens arising in the
ordinary  course of  business  which are being  contested  in good faith by
appropriate action so long as the execution of such liens has been stayed;

(e)  deposits  to secure  workers'  compensation,  unemployment  insurance,
environmental liabilities and other similar items to the extent required by
applicable law and not securing indebtedness;

(f) Liens on equipment arising from capital leases;

(g) any Lien  existing on any  property  or asset prior to the  acquisition
thereof by the  Borrower or any  Subsidiary  or existing on any property or
asset of any Person that becomes a  Subsidiary  after the date hereof prior
to the time such Person  becomes a Subsidiary;  provided that (i) such Lien
is not created in  contemplation  of or in connection with such acquisition
or such Person  becoming a  Subsidiary,  as the case may be, (ii) such Lien
shall not  apply to any other  property  or assets of the  Borrower  or any
Subsidiary and (iii) such Lien shall secure only those obligations which it
secures on the date of such  acquisition  or the date such Person becomes a
Subsidiary, as the case may be;

(h) Liens on fixed or capital assets  acquired,  constructed or improved by
the Borrower or any Subsidiary;  provided that (i) such security  interests
and the Debt secured  thereby are incurred prior to or within 45 days after
such acquisition or the completion of such  construction or improvement and
(ii) such  security  interests  shall not  apply to any other  property  or
assets of the Borrower or any Subsidiary;

(i) Liens on office buildings and research facilities;

(j) Liens  which  secure  Debt owing by a  Subsidiary  to the  Borrower  or
another Subsidiary;

(k) any  extension,  renewal  or  replacement  (or  successive  extensions,
renewals or replacements), in whole or in part, of any Liens referred to in
the foregoing  clauses (a),  (f), (g), (h), (i) and (j),  provided that the
principal amount of the Debt secured thereby shall not exceed the principal
amount of the Debt so  secured  at the time of such  extension,  renewal or
replacement, and that such extension, renewal or replacement Liens shall be
limited to all or part of substantially the same property which secured the
Liens extended, renewed or replaced (plus improvements on such property);

(l)  Liens on  Excess  Margin  Stock,  if any,  with  Excess  Margin  Stock
determined on the date a Lien on such Excess Margin Stock is affixed;

(m) the entry into indemnity  agreements in connection with the issuance of
surety bonds by one or more insurance  companies at the request of Borrower
or a Subsidiary; and

(n) in addition to the  foregoing,  any other Liens  securing Debt which in
the aggregate amount does not exceed an amount equal to 10% of Consolidated
assets of the  Borrower as at the end of the then most  recently  completed
fiscal quarter as reflected on the financial  statements delivered pursuant
hereto.

Section  9.02......Sales and Leasebacks.  The Borrower will not nor will it
permit  any  Subsidiary  to  enter  into  any   arrangement,   directly  or
indirectly,  with any Person whereby the Borrower or any  Subsidiary  shall
sell or  transfer  any of its  Property,  whether  now  owned or  hereafter
acquired,  and  whereby  the  Borrower  or any  Subsidiary  shall  then  or
thereafter  rent or lease for a period of more than  three  years as lessee
such Property or any part thereof or other  Property  which the Borrower or
any  Subsidiary  intends  to use for  substantially  the  same  purpose  or
purposes as the Property sold or transferred unless either (i) the Borrower
or such Subsidiary would be entitled, pursuant to the provisions of Section
9.01,  to create Debt  secured by a Lien on the  Property to be leased,  or
(ii) the Borrower  (and in any such case the Borrower  covenants and agrees
that it will do so),  within four months after the  effective  date of such
sale  and  lease-back  transaction  (whether  made  by  the  Borrower  or a
Subsidiary),  applies to the retirement of Debt of the Borrower maturing by
the terms  thereof more than one year after the original  creation  thereof
(hereinafter  in this Section  called "Funded Debt") an amount equal to the
greater of (A) the net  proceeds  of the sale of the real  property  leased
pursuant to such  arrangement or (B) the fair value of the real property so
leased at the time of entering into such  arrangement (as determined by the
Borrower's  Board of Directors);  provided that the amount to be applied to
the  retirement  of Funded Debt shall be reduced by an amount  equal to the
principal amount of other Funded Debt  voluntarily  retired by the Borrower
within  such  four-month  period,  excluding  retirements  of  Funded  Debt
pursuant to mandatory  sinking fund or prepayment  provisions or by payment
at maturity.

Section  9.03......Mergers,  Etc. The Borrower shall not merge into or with
or consolidate with any other Person,  or sell, lease or otherwise  dispose
of all or  substantially  all of its Property or assets to any other Person
unless:

(a) such Person assumes the obligations of the Borrower hereunder and under
the Notes and the  performance  of the covenants of the Borrower under this
Agreement in writing  reasonably  satisfactory in form and substance to the
Majority Lenders; and

(b)  immediately  thereafter and after giving effect  thereto,  no Event of
Default shall have occurred and be continuing;

provided,  however, that, notwithstanding the foregoing, the Borrower shall
be permitted to sell,  transfer or otherwise  dispose of its  investment in
MAP and such sale,  transfer or other  disposition  will not be viewed as a
sale of all or substantially all the Borrower's assets.

Section  9.04......Proceeds  of Notes.  The  Borrower  will not  permit the
proceeds of the Notes to be used for any purpose other than those permitted
by Section  7.07.  Neither the Borrower nor any Person  acting on behalf of
the  Borrower  has taken or will take any  action  which  might  cause this
Agreement  or the  Notes  to  violate  Regulation  G,  U or X or any  other
regulation  of the Board of Governors of the Federal  Reserve  System or to
violate Section 7 of the Securities  Exchange Act of 1934 (as amended,  the
"Exchange Act") or any rule or regulation  thereunder,  in each case as now
in effect or as the same may hereinafter be in effect.

Section 9.05......ERISA Compliance.  The Borrower will not at any time:

(a) Engage in, or permit any  Subsidiary  or ERISA  Affiliate to engage in,
any  transaction in connection  with which the Borrower,  any Subsidiary or
any ERISA Affiliate  could be subjected to either a civil penalty  assessed
pursuant to section 502(c), (i) or (1) of ERISA or a tax imposed by Chapter
43 of Subtitle D of the Code, that would have a Material Adverse Effect;

(b) Terminate,  or permit any  Subsidiary or ERISA  Affiliate to terminate,
any Plan in a manner,  or take any other  action with  respect to any Plan,
which could result in any liability to the Borrower;  any Subsidiary or any
ERISA Affiliate to the PBGC, that would have a Material Adverse Effect;

(c) Fail to make, or permit any  Subsidiary  or ERISA  Affiliate to fail to
make,  full payment when due of all amounts which,  under the provisions of
any Plan or  applicable  law,  the  Borrower,  a  Subsidiary  or any  ERISA
Affiliate is required to pay as contributions thereto;

(d) Permit to exist,  or allow any Subsidiary or ERISA  Affiliate to permit
to exist, any accumulated  funding deficiency within the meaning of Section
302 of ERISA or  section  412 of the  Code,  whether  or not  waived,  with
respect to any Plan;

(e) Permit any Pension Plan to have any  Unfunded  Pension  Liability  that
would result in the violation of any funding requirements under Section 302
of ERISA or Section 412 of the Code;

(f) Acquire,  or permit any  Subsidiary or ERISA  Affiliate to acquire,  an
interest in any Person that causes such Person to become an ERISA Affiliate
with respect to the Borrower, any Subsidiary or any ERISA Affiliate if such
Person at the time of such acquisition, maintains or contributes to (1) any
Multiemployer Plan if the then existing potential  withdrawal  liability of
such Person to such Multiemployer  Plan, if imposed,  would have a Material
Adverse  Effect or (2) any other  Plan that is subject to Title IV of ERISA
if immediately  prior to such  acquisition,  the funded  current  liability
percentage (as defined in section 302(d)(8) of ERISA) of such Plan is below
90% or the Plan  otherwise  fails to satisfy  the  requirements  of section
302(d)(9)(B) of ERISA);

(g)  Incur,  or permit  any  Subsidiary  or ERISA  Affiliate  to  incur,  a
liability to or on account of a Plan under sections 515, 4062,  4063, 4064,
4201 or 4204 of ERISA;

(h) Amend or permit any  Subsidiary  or ERISA  Affiliate  to amend,  a Plan
resulting in an increase in current  liability such that the Borrower,  any
Subsidiary or any ERISA  Affiliate is required to provide  security to such
Plan under section 401(a)(29) of the Code.

Section  9.06......Leverage  Ratio. The Borrower shall not permit the ratio
of  Consolidated  Debt to the sum of  Consolidated  Debt and  Stockholders'
Equity to exceed at any time 60%.

Section  9.07......Transactions  with Affiliates.  Neither the Borrower nor
any  Subsidiary  will  enter  into  any  transaction,   including,  without
limitation,  any  purchase,  sale,  lease or  exchange  of  Property or the
rendering of any service,  with any Affiliate unless such  transactions are
otherwise permitted under this Agreement, are in the ordinary course of its
business and are upon fair and  reasonable  terms no less  favorable to the
Borrower or such  Subsidiary  than it would  obtain in a  comparable  arm's
length transaction with a Person not an Affiliate.

ARTICLE X.........

                        EVENTS OF DEFAULT; REMEDIES

Section 10.01.....Events of Default.  One or more of the following events shall
constitute an "Event of Default":

(a) the Borrower shall default in the payment or prepayment when due of any
principal of any Loan,  or any  interest on any Loan,  fees or other amount
payable by it hereunder which such default, other than a default in payment
or  prepayment  of  principal  (which  shall  have no cure  period),  shall
continue unremedied for a period of 10 Business Days; or

(b) at any time (i) a default, without cure, shall exist by the Borrower or
any  Substantial  Subsidiary  in payment  when due  (whether  by  scheduled
maturity,   required  prepayment,   acceleration,   demand  or  otherwise),
including any applicable grace period, of any principal or stated amount of
or interest on any of its other Debt  aggregating  $25,000,000  or more, or
any amount equal to or greater than an aggregate of $10,000,000  payable in
respect of Hedging  Agreements  when due  (whether by  scheduled  maturity,
required  prepayment,  acceleration,  demand or  otherwise)  including  any
applicable  grace  period,  or  (ii)  any  event  specified  in  any  note,
agreement,  indenture or other document  evidencing or relating to any Debt
having  an  outstanding  principal  balance  or stated  amount  aggregating
$50,000,000 or more, or any Hedging  Agreement shall occur if the effect of
any such event is to cause  such Debt or sums  aggregating  $10,000,000  or
more payable under one or more Hedging  Agreements  to actually  become due
prior to its or their stated maturity; or

(c) any  representation,  warranty  or  certification  made or deemed  made
herein by the Borrower or any Subsidiary,  or any certificate  furnished to
any Lender or the  Administrative  Agent pursuant to the provisions hereof,
shall  prove to have  been  false  or  misleading  as of the  time  made or
furnished in any material respect; or

(d) the Borrower shall default in the performance of any of its obligations
under Section 9.03; or the Borrower shall default in the performance of any
of its  obligations  under  Article IX (other than  Section  9.03) and such
default shall  continue  unremedied for a period of five (5) Business Days;
or the Borrower shall default in the  performance of any of its obligations
under  Article  VIII  (other than the payment of amounts due which shall be
governed by Section  10.01(a)) or any other Article of this Agreement other
than under  Article IX and such default  shall  continue  unremedied  for a
period of thirty (30) days after the earlier to occur of (i) notice thereof
to the  Borrower by the  Administrative  Agent or any Lender  (through  the
Administrative  Agent),  or (ii) the Borrower  otherwise  becoming aware of
such default; or

(e) the  Borrower,  any  Substantial  Subsidiary  or MAP shall  commence  a
voluntary case or other proceeding seeking  liquidation,  reorganization or
other  relief  with  respect to itself or its debts  under any  bankruptcy,
insolvency  or other  similar law now or hereafter in effect or seeking the
appointment of a trustee, receiver, liquidator,  custodian or other similar
official of it or any substantial part of its property, or shall consent to
any such relief or to the  appointment of or taking  possession by any such
official in an involuntary case or other proceeding  commenced  against it,
or shall make a general  assignment for the benefit of creditors,  or shall
fail  generally  to pay its  debts  as they  become  due,  or the  Board of
Directors of the  Borrower or any  Substantial  Subsidiary  or the Board of
Managers of MAP shall take any action to authorize any of the foregoing;

(f) an involuntary case or other proceeding shall be commenced  against the
Borrower,   any   Substantial   Subsidiary  or  MAP  seeking   liquidation,
reorganization  or other  relief with  respect to it or its debts under any
bankruptcy,  insolvency  or other similar law now or hereafter in effect or
seeking the appointment of a trustee,  receiver,  liquidator,  custodian or
other similar official of it or any substantial  part of its property,  and
such  involuntary  case or other  proceeding  shall remain  undismissed  or
unstayed  for a period of sixty (60) days or an order for  relief  shall be
entered against the Borrower,  any Substantial  Subsidiary or MAP under the
federal bankruptcy laws as now or hereafter in effect, or

(g) a  judgment  or  judgments  for the  payment  of  money  in  excess  of
$25,000,000  in the  aggregate  shall be  rendered  by a court  against the
Borrower  or any  Substantial  Subsidiary  (i) and the  same  shall  not be
discharged  (or,  with respect to a judgment of a court other than a United
States State or Federal  court,  adequate  provision  shall not be made for
such discharge), or (ii) a stay of execution thereof shall not be procured,
within  thirty  (30) days  from the date of entry  thereof  or such  longer
period as the Borrower  shall have to perfect an appeal and the Borrower or
such Subsidiary shall not, within said period, or such longer period during
which  execution of the same shall have been stayed,  appeal  therefrom and
cause the execution thereof to be stayed during such appeal.

Section 10.02.....Remedies.

(a) In the case of an Event  of  Default  other  than  one  referred  to in
clauses (e) or (f) of Section 10.01 the Administrative  Agent, upon request
of the  Majority  Lenders,  shall,  by notice to the  Borrower,  cancel the
Commitments  and/or declare the principal  amount then  outstanding of, and
the accrued  interest  on, the Loans and all other  amounts  payable by the
Borrower  hereunder  and under the Notes to be  forthwith  due and payable,
whereupon  such  amounts  shall  be  immediately  due and  payable  without
presentment,  demand,  protest,  notice of intent to accelerate,  notice of
acceleration  or other  formalities  of any kind,  all of which are  hereby
expressly waived by the Borrower.

(b) In the case of the  occurrence  of an Event of Default  referred  to in
clauses (e) or (f) of Section 10.01 the Commitments  shall be automatically
canceled  and the  principal  amount then  outstanding  of, and the accrued
interest  on,  the Loans  and all other  amounts  payable  by the  Borrower
hereunder and under the Notes shall become  automatically  immediately  due
and  payable  without  presentment,  demand,  protest,  notice of intent to
accelerate, notice of acceleration or other formalities of any kind, all of
which are hereby expressly waived by the Borrower.

(c)  All  proceeds  received  after  maturity  of  the  Notes,  whether  by
acceleration  or  otherwise  shall be applied  pro-rata  to the  Lenders in
accordance with their related Percentage Shares:  first to reimbursement of
expenses and indemnities provided for in this Agreement;  second to accrued
interest on the Notes;  third to fees;  fourth to principal  outstanding on
the Notes  and  other  Indebtedness;  and any  excess  shall be paid to the
Borrower or as otherwise required by any Governmental Requirement.

(d) In connection  with any legal action or proceeding with respect to this
Agreement  or the Notes,  the  Administrative  Agent,  the  Lenders and the
Borrower each agrees and each agrees on behalf of its Affiliates that in no
event  shall  any  of  them  be   entitled   to  or  claim  any   punitive,
consequential,  exemplary  or  special  damages  against  any of the  other
parties hereto.

ARTICLE XI........

                          THE ADMINISTRATIVE AGENT

Section  11.01.....Appointment,  Powers and Immunities.  Each Lender hereby
irrevocably  appoints and authorizes the Administrative Agent to act as its
agent  hereunder  with such  powers as are  specifically  delegated  to the
Administrative  Agent by the terms of this  Agreement,  together  with such
other powers as are reasonably incidental thereto. The Administrative Agent
(which  term as used in this  sentence  and in Section  11.05 and the first
sentence of Section 11.06 shall include reference to its Affiliates and its
and its Affiliates' officers, directors, employees, attorneys, accountants,
experts and  agents,  but only to the extent  such  Affiliate  or Person is
acting on behalf of the Administrative  Agent): (a) shall have no duties or
responsibilities  except those  expressly set forth herein or in the Notes,
and shall not by  reason  hereof or by reason of the Notes be a trustee  or
fiduciary for any Lender;  (b) makes no  representation  or warranty to any
Lender  and shall  not be  responsible  to the  Lenders  for any  recitals,
statements,  representations or warranties contained in this Agreement,  or
in any  certificate  or other  document  referred to or provided for in, or
received by any of them under, this Agreement,  or for the value, validity,
effectiveness,    genuineness,    execution,    effectiveness,    legality,
enforceability  or  sufficiency  of this  Agreement,  any Note or any other
document  referred  to or  provided  for  herein or for any  failure by the
Borrower  or any other  Person  (other  than the  Administrative  Agent) to
perform  any  of  its  obligations  hereunder  or  thereunder  or  for  the
existence,  value, perfection or priority of any collateral security or the
financial or other condition of the Borrower, the Subsidiaries or any other
obligor or  guarantor;  (c) except  pursuant to Section  11.07 shall not be
required to initiate or conduct any  litigation or  collection  proceedings
hereunder; and (d) shall not be responsible for any action taken or omitted
to be taken by it  hereunder  or under any  other  document  or  instrument
referred to or provided for herein or in connection  herewith including its
own ordinary  negligence,  except for its own gross  negligence  or willful
misconduct.  The  Administrative  Agent  may  employ  agents,  accountants,
attorneys and experts and shall not be  responsible  for the  negligence or
misconduct of any such agents,  accountants,  attorneys or experts selected
by it in good  faith or any  action  taken or  omitted  to be taken in good
faith by it in  accordance  with the  advice of such  agents,  accountants,
attorneys or experts. The Administrative Agent may deem and treat the payee
of any Note as the holder thereof for all purposes  hereof unless and until
a written notice of the assignment or transfer thereof permitted  hereunder
shall have been filed with the  Administrative  Agent.  The  Administrative
Agent is authorized to release any collateral  that is permitted to be sold
or released pursuant to the terms hereof or of the Notes.

Section  11.02.....Reliance  by  Administrative  Agent. The  Administrative
Agent  shall be entitled  to rely upon any  certification,  notice or other
communication  (including  any  thereof  by  telephone,  telex,  facsimile,
telegram  or cable)  believed  by it to be genuine  and correct and to have
been signed or sent by or on behalf of the proper  Person or  Persons,  and
upon advice and statements of legal counsel,  independent  accountants  and
other experts selected by the Administrative Agent.

Section 11.03.....Defaults. The Administrative Agent shall not be deemed to
have knowledge of the  occurrence of a Default (other than the  non-payment
of principal of or interest on Loans or of fees) unless the  Administrative
Agent has  received  notice from a Lender or the Borrower  specifying  such
Default and stating that such notice is a "Notice of Default." In the event
that the Administrative Agent receives such a notice of the occurrence of a
Default,  the Administrative  Agent shall give prompt notice thereof to the
Lenders. In the event of a payment Default,  the Administrative Agent shall
give each Lender prompt notice of each such payment Default.

Section  11.04.....Rights  as a Lender. With respect to its Commitments and
the Loans  made by it,  Scotia  Capital  (and any  successor  acting as the
Administrative  Agent) in its capacity as a Lender hereunder shall have the
same rights and powers  hereunder  as any other Lender and may exercise the
same as though it were not acting as the Administrative Agent, and the term
"Lender"  or  "Lenders"  shall,  unless the  context  otherwise  indicates,
include the Administrative Agent in its individual capacity. Scotia Capital
(and any successor acting as the  Administrative  Agent) and its Affiliates
may  (without  having to account  therefor to any Lender)  accept  deposits
from, lend money to and generally  engage in any kind of banking,  trust or
other business with the Borrower (and any of its  Affiliates) as if it were
not  acting  as the  Administrative  Agent,  and  Scotia  Capital  and  its
Affiliates  may accept fees and other  consideration  from the Borrower for
services in connection  with this Agreement or otherwise  without having to
account for the same to the Lenders.

Section  11.05.....Indemnification.  The  Lenders  agree to  indemnify  the
Administrative Agent ratably in accordance with their Percentage Shares for
(i) the matters as described in section 12.03 to the extent not indemnified
and reimbursed by the Borrower under section  12.03,  but without  limiting
the obligations of the Borrower under said section 12.03,  and (ii) for any
and  all  other  liabilities,   obligations,  losses,  damages,  penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind and
nature  whatsoever which may be imposed on, incurred by or asserted against
the Administrative Agent in any way relating to or arising out of: (i) this
Agreement or any other  documents  contemplated by or referred to herein or
the transactions  contemplated hereby, but excluding,  unless a Default has
occurred  and is  continuing,  normal  administrative  costs  and  expenses
incident to the  performance  of its agency  duties  hereunder  or (ii) the
enforcement  of any of the terms of this  Agreement;  whether or not any of
the  foregoing  specified  in this  Section  11.05  arises from the sole or
concurrent  negligence of the Administrative Agent, provided that no Lender
shall be liable for any of the  foregoing to the extent they arise from the
gross negligence or willful misconduct of the Administrative Agent.

Section  11.06.....Non-Reliance  on Administrative Agent and other Lenders.
Each Lender acknowledges and agrees that it has,  independently and without
reliance on the Administrative Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own credit
analysis of the Borrower and its decision to enter into this Agreement, and
that it will,  independently  and without reliance upon the  Administrative
Agent or any other Lender,  and based on such documents and  information as
it shall deem  appropriate  at the time,  continue to make its own analysis
and  decisions  in taking or not taking  action under this  Agreement.  The
Administrative  Agent shall not be  required to keep itself  informed as to
the performance or observance by the Borrower  hereof,  of the Notes or any
other  document  referred  to or  provided  for  herein or to  inspect  the
properties or books of the Borrower.  Except for notices, reports and other
documents and information expressly required to be furnished to the Lenders
by the Administrative  Agent hereunder,  the Administrative Agent shall not
have any duty or  responsibility  to provide  any Lender with any credit or
other information  concerning the affairs,  financial condition or business
of the  Borrower  (or  any of its  Affiliates)  which  may  come  into  the
possession of the  Administrative  Agent or any of its Affiliates.  In this
regard,  each  Lender  acknowledges  that Mayer,  Brown,  Rowe & Maw LLP is
acting in this transaction as special counsel to the  Administrative  Agent
only.  Each Lender will  consult  with its own legal  counsel to the extent
that it deems  necessary in  connection  herewith or with the Notes and the
matters contemplated therein.

Section  11.07.....Action  by  Administrative  Agent.  Except for action or
other matters expressly required of the Administrative Agent hereunder, the
Administrative  Agent shall in all cases be fully  justified  in failing or
refusing to act hereunder unless it shall (a) receive written  instructions
from the Majority  Lenders (or all of the Lenders as expressly  required by
Section 12.04)  specifying the action to be taken and (b) be indemnified to
its  satisfaction by the Lenders against any and all liability and expenses
which may be incurred by it by reason of taking or  continuing  to take any
such  action.  The  instructions  of the  Majority  Lenders  (or all of the
Lenders as  expressly  required by Section  12.04) and any action  taken or
failure  to act  pursuant  thereto  by the  Administrative  Agent  shall be
binding on all of the Lenders. If a Default has occurred and is continuing,
the  Administrative  Agent  shall  take such  action  with  respect to such
Default as shall be directed by the Majority Lenders (or all of the Lenders
as  required  by  Section   12.04)  in  the  written   instructions   (with
indemnities)  described in this Section 11.07,  provided  that,  unless and
until the  Administrative  Agent shall have received such  directions,  the
Administrative  Agent may (but shall not be obligated to) take such action,
or refrain  from taking such  action,  with  respect to such  Default as it
shall deem  advisable in the best  interests  of the Lenders.  In no event,
however,  shall the  Administrative  Agent be  required  to take any action
which exposes the  Administrative  Agent to personal  liability or which is
contrary to this Agreement or applicable law.

Section  11.08.....Resignation  of Administrative Agent. The Administrative
Agent may resign at any time by giving  notice  thereof to the  Lenders and
the Borrower.  Upon any such  resignation,  the Majority Lenders shall have
the right to appoint a  successor  Administrative  Agent.  If no  successor
Administrative  Agent shall have been so appointed by the Majority  Lenders
and shall have accepted such  appointment  within sixty (60) days after the
retiring  Administrative Agent's giving of notice of resignation,  then the
retiring  Administrative  Agent may,  on behalf of the  Lenders,  appoint a
successor   Administrative   Agent;   provided   that,  if,  such  retiring
Administrative  Agent is unable to find a  commercial  banking  institution
which is willing to accept such  appointment,  the retiring  Administrative
Agent's  resignation shall nevertheless  thereupon become effective and the
Borrower  shall have the right to appoint a successor  agent  (including  a
financial institution not a Lender),  unless the Majority Lenders appoint a
successor as provided for above.  Upon the  acceptance of such  appointment
hereunder   by   a   successor   Administrative   Agent,   such   successor
Administrative  Agent shall thereupon succeed to and become vested with all
the rights,  powers,  privileges and duties of the retiring  Administrative
Agent. After any retiring  Administrative  Agent's resignation hereunder as
the  Administrative  Agent,  the  provisions of this Article XI and Section
12.03  shall  continue  in effect for its benefit in respect of any actions
taken  or   omitted  to  be  taken  by  it  while  it  was  acting  as  the
Administrative Agent.

ARTICLE XII.......

                               MISCELLANEOUS

Section  12.01.....Waiver.  No  failure  on the part of the  Administrative
Agent or any Lender to exercise and no delay in  exercising,  and no course
of dealing  with  respect to, any right,  power or  privilege  hereunder or
under the Notes shall operate as a waiver thereof,  nor shall any single or
partial  exercise of any right,  power or privilege  hereunder or under the
Notes preclude any other or further exercise thereof or the exercise of any
other  right,  power  or  privilege.   The  remedies  provided  herein  are
cumulative and not exclusive of any remedies provided by law.

Section  12.02.....Notices.  All notices and other communications  provided
for  herein  and  in  the  Notes  (including,   without   limitation,   any
modifications  of, or waivers or  consents  under,  this  Agreement  or the
Notes)  shall be given or made by  facsimile,  courier  or U.S.  Mail or in
writing and transmitted,  mailed or delivered to the intended  recipient as
follows,  (a)  if to  the  Borrower  or the  Administrative  Agent,  at the
"Address  for  Notices"  specified  below its name on the  signature  pages
hereof or in the Notes; and (b) if to any Lender,  to the address specified
in the  "Administrative  Questionnaire" form supplied by the Administrative
Agent; or, as to any party, at such other address as shall be designated by
such party in a notice to each other party. Except as otherwise provided in
this Agreement or in the Notes, all such communications  shall be deemed to
have been duly given when  transmitted,  if  transmitted  before  1:00 p.m.
local  time of the  recipient  on a  Business  Day  (otherwise  on the next
succeeding  Business  Day) by  facsimile  and evidence or  confirmation  of
receipt is obtained,  or  personally  delivered or, in the case of a mailed
notice,  three (3)  Business  Days after the date  deposited  in the mails,
postage prepaid, in each case given or addressed as aforesaid.

Section 12.03.....Expenses; Indemnity; Damage Waiver.

(a) The Borrower shall pay (i) all reasonable and documented  out-of-pocket
expenses  incurred by the  Administrative  Agent,  including the reasonable
fees, charges and disbursements of counsel for the Administrative Agent, in
connection with this Agreement,  the preparation and administration of this
Agreement and the Notes or any amendments,  modifications or waivers of the
provisions  hereof or thereto,  as the case may be, (ii) all reasonable and
documented  out-of-pocket  expenses incurred by the Administrative Agent or
any Lender,  including the fees,  charges and  disbursements of any counsel
for  the  Administrative  Agent  or any  Lender,  in  connection  with  the
enforcement or protection of its rights in connection  with this Agreement,
including  its rights under this Section,  or in connection  with the Loans
made hereunder,  including in connection with any workout, restructuring or
negotiations in respect thereof.

(b) The Borrower  agrees to indemnify and hold harmless the  Administrative
Agent and each  Lender,  each  Affiliate of such party,  and all  officers,
directors,  employees,  agents and advisors of such party (each such Person
being  called an  "Indemnitee")  against any and all  liabilities,  losses,
damages, costs and reasonable expenses of any kind which may be incurred by
any Indemnitee in any way relating to, arising out of this Agreement or the
Notes or any claim, litigation, investigation or proceeding relating to any
of the foregoing  ("Proceedings")  including  any of the foregoing  arising
from the negligence of the Indemnitee  (whether or not any Indemnitee shall
be designated a party  thereto) and to reimburse  such  Indemnitee  for any
legal or other reasonable and documented out-of-pocket expenses as they are
incurred in  connection  with  investigating  or defending  the  foregoing;
provided  that  no  Indemnitee  shall  have  the  right  to be  indemnified
hereunder  for its own gross  negligence  or willful  misconduct or for its
failure to perform its obligations hereunder or under the Notes.

(c) Promptly  after receipt by an Indemnitee of notice of the  commencement
of any Proceedings,  such Indemnitee will, if a claim in respect thereof is
to be made  against  the  Borrower,  notify the  Borrower in writing of the
commencement  thereof;  provided  that (i) the  omission  so to notify  the
Borrower will not relieve it from any liability which it may have hereunder
except to the extent it has been materially  prejudiced by such failure and
(ii) the  omission so to notify the  Borrower  will not relieve it from any
liability  which it may have to an Indemnitee  otherwise than on account of
this indemnity agreement.  In case any such Proceedings are brought against
any  Indemnitee and it notifies the Borrower of the  commencement  thereof,
the Borrower  will be entitled to  participate  therein,  and, may elect by
written notice  delivered to the Indemnitee to assume the defense  thereof,
with counsel reasonably satisfactory to such Indemnitee;  provided further,
that if the defendants in any such Proceedings  include both the Indemnitee
and the Borrower and the Indemnitee shall have been advised by counsel that
its  interest in the  Proceeding  are likely to conflict  with those of the
Borrower or that such litigation may result in a non-indemnified claim, the
Indemnitee  shall have the right to select separate  counsel to assert such
legal  defenses  and to  otherwise  participate  in  the  defense  of  such
proceedings on behalf of such  Indemnitee.  Upon receipt of notice from the
Borrower  to such  Indemnitee  of its  election so to assume the defense of
such  Proceedings  and approval by the Indemnitee of counsel,  the Borrower
will  not be  liable  to  such  Indemnitee  for  expenses  incurred  by the
Indemnitee in connection  with the defense  thereof (other than  reasonable
costs of  investigation)  unless (A) the  Indemnitee  shall  have  employed
separate  counsel in  connection  with a conflict of interest in accordance
with the  proviso  to the next  preceding  sentence  (it being  understood,
however,  that the  Borrower  shall not be liable for the  expenses of more
than  one  separate  counsel,   approved  by  the   Administrative   Agent,
representing the Indemnitees who are parties to such proceedings),  (B) the
Borrower shall not have employed  counsel  reasonably  satisfactory  to the
Indemnitee  to represent  the  Indemnitee  within a  reasonable  time after
notice  of  commencement  of  the  proceedings  or  (C)  the  Borrower  has
authorized  in  writing  the   employment  of  separate   counsel  for  the
Indemnitee;  and  except  that,  if clause (A) or (C) is  applicable,  such
liability  shall be only in  respect  of the  counsel  referred  to in such
clause (A) or (C).  Notwithstanding  any other provision of this Agreement,
no settlement  shall be entered into without the  Borrower's  prior written
consent,  the Borrower shall not be liable to pay any settlement  agreed to
without its prior written consent provided the Borrower,  at the reasonable
request  of  the   Administrative   Agent,  puts  up  collateral  with  the
Administrative Agent, to sufficiently pay any liability that may reasonably
be incurred in connection with such Proceeding.  In addition, no settlement
involving any Indemnitee  who is a party to such  Proceeding may be entered
into by the  Borrower  on  behalf  of such  Indemnitee  if such  settlement
contains any admission of liability or fault by the Indemnitee and unless a
full release of the Indemnitee is entered into in connection therewith.  At
any time after the  Borrower  has  assumed  the  defense of any  Proceeding
involving any Indemnitee, such Indemnitee may elect to withdraw its request
for indemnity and  thereafter  the defense of such  Proceeding on behalf of
such Indemnitee shall be maintained by counsel of the Indemnitee's choosing
and at the Indemnitee's expense.

(d) To the extent  permitted by  applicable  law,  the  Borrower  shall not
assert, and hereby waives, any claim against any Indemnitee,  on any theory
of liability, for special, indirect,  consequential or punitive damages (as
opposed to direct or actual damages) arising out of, in connection with, or
as a result of, this Agreement or any agreement or instrument  contemplated
hereby, any Loan or the use of the proceeds thereof.

Section  12.04.....Amendments,  Etc.  Except as otherwise set forth herein,
any provision of this Agreement may be amended, modified or waived with the
prior written  consent of the Borrower and the Majority  Lenders;  provided
that (a) no amendment, modification or waiver which extends the Termination
Date of the  Loans,  increases  the  Aggregate  Commitments,  forgives  the
principal  amount of any  Indebtedness  outstanding  under this  Agreement,
postpones  any  scheduled  date for the payment of  principal,  interest or
fees, reduces the interest rate applicable to the Loans or the fees payable
to the Lenders generally, affects this Section 12.04 or Section 12.06(a) or
modifies the definition of "Majority  Lenders"  shall be effective  without
consent of all  Lenders,  (b) no  amendment,  modification  or waiver which
increases  the  Commitment  of any Lender  shall be  effective  without the
consent of such Lender, and (c) no amendment,  modification or waiver which
modifies the rights,  duties or  obligations  of the  Administrative  Agent
shall be effective without the consent of the Administrative Agent.

Section  12.05.....Successors  and Assigns. This Agreement shall be binding
upon and inure to the  benefit of the parties  hereto and their  respective
successors and permitted assigns.

Section 12.06.....Assignments and Participations.

(a) The  Borrower  may not assign its rights or  obligations  hereunder  or
under the Notes  without  the prior  consent of all of the  Lenders and the
Administrative Agent.

(b) Any Lender may, upon the written  consent of the  Administrative  Agent
and the  Borrower  (so long as no Default  or Event of Default  shall be in
existence, in which case the consent of the Borrower shall not be required)
(which consent will not be unreasonably withheld or delayed), assign to one
or more Eligible  Assignees all or a portion of its rights and  obligations
under this Agreement pursuant to an Assignment  Agreement  substantially in
the form of Exhibit E (an  "Assignment")  provided,  however,  that (i) any
such  assignment  shall be in the amount of at least  $10,000,000  (or,  if
less,  the  then  entire  remaining  amount  of  such  Lender's  Loans  and
Commitments)  or such lesser  amount to which the Borrower  has  consented,
(ii) the  assignee  or  assignor  shall pay to the  Administrative  Agent a
processing  and  recordation  fee of $3,500.00 for each  assignment,  (iii)
there shall be no  assignment  to an Eligible  Assignee if such  assignment
would  violate  any  applicable  law,  rule  or  regulation,  and  (iv)  an
assignment  by a  Lender  under  this  Section  12.06(b)  to such  Lender's
Affiliate  which is an Eligible  Assignee shall not require  consent of the
Administrative  Agent or the  Borrower.  Any such  assignment  will  become
effective  upon the execution and delivery to the  Administrative  Agent of
the Assignment and the consent of the Administrative  Agent. Promptly after
receipt of an executed  Assignment,  the Administrative Agent shall send to
the  Borrower  a copy of such  executed  Assignment.  Upon  receipt of such
executed Assignment,  the Borrower,  will, at its own expense,  execute and
deliver new Notes to the  assignor  and/or  assignee,  as  appropriate,  in
accordance  with  their  respective  interests  as they  appear.  Upon  the
effectiveness  of any  assignment  pursuant to this Section  12.06(b),  the
assignee  will  become a  "Lender,"  if not  already  a  "Lender,"  for all
purposes  of  this  Agreement.  The  assignor  shall  be  relieved  of  its
obligations  hereunder  to  the  extent  of  such  assignment  (and  if the
assigning  Lender no longer  holds any  rights or  obligations  under  this
Agreement,  such  assigning  Lender shall cease to be a "Lender"  hereunder
except that its rights under Sections 4.06,  5.01, 5.05 and 12.03 shall not
be affected).  The  Administrative  Agent will prepare on the last Business
Day of each month during which an assignment has become effective  pursuant
to  this  Section  12.06(b),  a new  Annex  1  giving  effect  to all  such
assignments  effected during such month, and will promptly provide the same
to the Borrower and each of the Lenders.

(c) Each Lender may transfer,  grant or assign participations in all or any
part of such Lender's interests hereunder pursuant to this Section 12.06(c)
to any Person,  provided  that: (i) such Lender shall remain a "Lender" for
all purposes of this  Agreement and the  transferee  of such  participation
shall not constitute a "Lender"  hereunder;  and (ii) no participant  under
any such  participation  shall have rights to approve any  amendment  to or
waiver of any of this  Agreement  or the Notes  except to the  extent  such
amendment  or  waiver  would  (y)  forgive  any  principal   owing  on  any
Indebtedness  or extend the final  maturity  of the Loans or (z) reduce the
interest rate (other than as a result of waiving the  applicability  of any
post-default  increases in interest rates) or fees applicable to any of the
commitments  or  Loans in  which  such  participant  is  participating,  or
postpone the payment of any thereof. In the case of any such participation,
the  participant  shall  not have any  rights  under  this  Agreement  (the
participant's  rights  against  the  granting  Lender  in  respect  of such
participation  to be those set  forth in the  agreement  with  such  Lender
creating  such  participation),  and all  amounts  payable by the  Borrower
hereunder  shall  be  determined  as if  such  Lender  had  not  sold  such
participation,  provided that such participant shall be entitled to receive
additional amounts under Article V on the same basis as if it were a Lender
and be indemnified under Section 12.03 as if it were a Lender. In addition,
each agreement  creating any participation must include an agreement by the
participant to be bound by the provisions of Section 12.15.

(d) The Lenders may furnish any information  concerning the Borrower in the
possession of the Lenders from time to time to assignees  and  participants
(including  prospective  assignees and  participants);  provided that, such
Persons agree to be bound by the provisions of Section 12.15 hereof.

(e)  Notwithstanding  anything in this Section 12.06 to the  contrary,  any
Lender may assign and pledge all or any of its Notes to any Federal Reserve
Bank or the United  States  Treasury  as  collateral  security  pursuant to
Regulation A of the Board of Governors  of the Federal  Reserve  System and
any operating  circular  issued by such Federal  Reserve System and/or such
Federal  Reserve Bank. No such  assignment  and/or pledge shall release the
assigning and/or pledging Lender from its obligations hereunder.

(f) Notwithstanding any other provisions of this Section 12.06, no transfer
or assignment of the interests or obligations of any Lender or any grant of
participations  therein shall be permitted if such transfer,  assignment or
grant would require the Borrower to file a registration  statement with the
SEC or to qualify the Loans under the "Blue Sky" laws of any state.

(g)  Notwithstanding  anything to the contrary contained herein, any Lender
(a "Granting  Lender") may grant to a special  purpose  funding  vehicle (a
"SPC"),  identified  as such in writing  from time to time by the  Granting
Lender to the Administrative Agent and the Borrower,  the option to provide
to the Borrower all or any part of any Loan that such Granting Lender would
otherwise be obligated to make to the Borrower  pursuant to this Agreement;
provided that (i) nothing  herein shall  constitute a commitment by any SPC
to make any Loan,  (ii) if an SPC elects  not to  exercise  such  option or
otherwise  fails to  provide  all or any part of such  Loan,  the  Granting
Lender shall be obligated to make such Loan  pursuant to the terms  hereof,
(iii) any such Loan made by such SPC shall be  subject  to all of the terms
and  provisions  hereof,  and  (iv)  such  Granting  Lender  and SPC  shall
otherwise be treated and have the rights and  obligations as if the SPC was
a participant  pursuant to Section  12.06(c) above. The making of a Loan by
an SPC hereunder shall utilize the Commitment of the Granting Lender to the
same extent,  and as if, such Loan were made by such Granting Lender.  Each
party hereto hereby agrees that no SPC shall be liable for any indemnity or
similar  payment  obligation  under this Agreement (all liability for which
shall remain with the Granting  Lender).  In  furtherance of the foregoing,
each  party  hereto  hereby  agrees  (which  agreement  shall  survive  the
termination of this Agreement) that, prior to the date that is one year and
one day after the payment in full of all  outstanding  commercial  paper or
other senior  indebtedness  of any SPC, it will not institute  against,  or
join any other  person in  instituting  against,  such SPC any  bankruptcy,
reorganization,  arrangement,  insolvency or liquidation  proceedings under
the  laws  of  the  United  States  or  any  State  thereof.  In  addition,
notwithstanding  anything to the contrary  contained in this Section 12.06,
any SPC may (A) with notice to, but without the prior  written  consent of,
the Borrower and the Administrative  Agent,  assign all or a portion of its
interest  in  any  Loan  to  the  Granting   Lender  or  to  any  financial
institutions  (consented  to by  the  Borrower  and  Administrative  Agent)
providing liquidity and/or credit support to or for the account of such SPC
to support the funding or  maintenance  of Loans and (B) subject to Section
12.15 disclose on a confidential basis any non-public  information relating
to its Loans to any rating agency,  commercial  paper dealer or provider of
any surety,  guarantee or credit or liquidity enhancement to such SPC. This
section  may not be amended  without the  written  consent of the  Granting
Lender.

Section  12.07.....Invalidity.  In the  event  that  any one or more of the
provisions  contained herein or in the Notes shall, for any reason, be held
invalid,   illegal  or  unenforceable  in  any  respect,  such  invalidity,
illegality or unenforceability  shall not affect any other provision of the
Notes or this Agreement.

Section  12.08.....Counterparts.  This  Agreement  may be  executed  in any
number of  counterparts,  all of which taken together shall  constitute one
and the same  instrument  and any of the parties  hereto may  execute  this
Agreement by signing any such counterpart.

Section 12.09.....References. The words "herein," "hereof," "hereunder" and
other  words of similar  import when used in this  Agreement  refer to this
Agreement  as a  whole,  and  not to any  particular  article,  section  or
subsection.  Any reference  herein to a Section shall be deemed to refer to
the applicable  Section of this Agreement  unless  otherwise stated herein.
Any reference  herein to an exhibit or schedule shall be deemed to refer to
the applicable  exhibit or schedule attached hereto unless otherwise stated
herein.

Section  12.10.....Survival.  The  obligations of the parties under Section
4.06,  Article V, and Sections  11.05 and 12.03 shall survive the repayment
of the Loans and the termination of the commitments. To the extent that any
payments on the Indebtedness or proceeds of any collateral are subsequently
invalidated,  declared  to be  fraudulent  or  preferential,  set  aside or
required to be repaid to a trustee, debtor in possession, receiver or other
Person under any bankruptcy  law,  common law or equitable  cause,  then to
such extent, the Indebtedness so satisfied shall be revived and continue as
if such  payment or proceeds had not been  received and the  Administrative
Agent's and the Lenders'  Liens,  security  interests,  rights,  powers and
remedies under this Agreement shall continue in full force and effect.

Section 12.11.....Captions.  Captions and section headings appearing herein
are included  solely for  convenience  of reference and are not intended to
affect the interpretation of any provision of this Agreement.

Section  12.12.....No Oral Agreements.  This Agreement and the Notes embody
the entire  agreement and  understanding  between the parties and supersede
all other  agreements and  understandings  between such parties relating to
the  subject  matter  hereof  and  thereof.  This  Agreement  and the Notes
represent  the  final  agreement   between  the  parties  and  may  not  be
contradicted  by  evidence of prior,  contemporaneous  or  subsequent  oral
agreements of the parties.  There are no unwritten oral agreements  between
the parties.

Section 12.13.....Governing Law; Submission to Jurisdiction.

(a) This  Agreement  and the Notes  (including,  but not  limited  to,  the
validity and  enforceability  hereof and thereof) shall be governed by, and
construed in accordance with, the laws of the State of New York, other than
the conflict of laws rules thereof.

(b) Any legal action or  proceeding  with respect to this  Agreement or the
Notes  shall be  brought  in the  courts of the State of New York or of the
United  States of America for the  Southern  District of New York,  and, by
execution  and  delivery  of  this  Agreement,  each of the  Borrower,  the
Administrative  Agent and each Lender hereby accepts for itself and (to the
extent  permitted  by  law)  in  respect  of its  Property,  generally  and
unconditionally,   the  jurisdiction  of  the  aforesaid  courts  provided,
however,  that this Section  shall not limit the right to remove such suit,
action or proceeding from a New York State court to a Federal court sitting
in the City of New York. Each of the Borrower, the Administrative Agent and
each Lender hereby  irrevocably  waives any objection,  including,  without
limitation, any objection to the laying of venue or based on the grounds of
forum non conveniens, which it may now or hereafter have to the bringing of
any such  action  or  proceeding  in such  respective  jurisdictions.  This
submission  to  jurisdiction  is  non-exclusive  and does not  preclude the
parties  from  obtaining  jurisdiction  over  other  parties  in any  court
otherwise having jurisdiction.

(c) The  Borrower  hereby  consents  to process  being  served in any suit,
action,  or proceeding  of the nature  referred to in this Section 12.13 by
the mailing of a copy thereof by registered or certified air mail,  postage
prepaid,  return  receipt  requested,  to its address  specified in Section
12.02 and agrees  that such  service  (i) shall be deemed in every  respect
effective service of process upon it in any such suit, action or proceeding
and (ii) shall,  to the fullest extent  permitted by law, be taken and held
to be  valid  personal  service  upon and  personal  delivery  to it.  This
provision shall not be deemed to apply to any suit,  action,  or proceeding
involving  financing  relationships  which  are  in no way  related  to the
financing relationship established and contemplated by this Agreement.

(d)  Nothing   herein  shall  affect  the  right  of  the   Borrower,   the
Administrative Agent or any Lender or any holder of a Note to serve process
in any other manner  permitted by law or to commence  legal  proceedings or
otherwise proceed against the Borrower in any other jurisdiction.

(e) Each of the  Borrower  and  each  Lender  hereby  (i)  irrevocably  and
unconditionally  waive,  to the fullest  extent  permitted by law, trial by
jury in any legal action or proceeding  relating to this  Agreement and for
any counterclaim therein; (ii) irrevocably waive, to the maximum extent not
prohibited  by law,  any right it may have to claim or  recover in any such
litigation any special,  exemplary,  punitive or consequential  damages, or
damages other than, or in addition to, actual  damages;  (iii) certify that
no party hereto nor any  representative or Administrative  Agent of counsel
for any party hereto has  represented,  expressly or otherwise,  or implied
that such party would not, in the event of litigation,  seek to enforce the
foregoing  waivers,  and (iv) acknowledge that it has been induced to enter
into this Agreement and the  transactions  contemplated  hereby and thereby
by, among other things, the mutual waivers and certifications  contained in
this Section 12.13.

Section 12.14.....Interest.  It is the intention of the parties hereto that
each  Lender  shall  conform  strictly  to  usury  laws  applicable  to it.
Accordingly,  if the transactions  contemplated hereby would be usurious as
to any Lender under laws applicable to it (including the laws of the United
States of America and the State of New York or any other jurisdiction whose
laws may be mandatorily applicable to such Lender notwithstanding the other
provisions  of  this  Agreement),  then,  in  that  event,  notwithstanding
anything to the contrary  herein or in the Notes or any  agreement  entered
into in  connection  with or as  security  for the  Notes,  it is agreed as
follows:  (a) the aggregate of all consideration which constitutes interest
under law applicable to any Lender that is contracted for, taken, reserved,
charged or  received  by such  Lender  hereunder  or under the Notes or any
agreements in connection with the Notes shall under no circumstances exceed
the maximum amount allowed by such  applicable law, and any excess shall be
canceled  automatically  and if theretofore  paid shall be credited by such
Lender on the principal amount of the Indebtedness  (or, to the extent that
the principal amount of the  Indebtedness  shall have been or would thereby
be paid in full,  refunded by such Lender to the Borrower);  and (b) in the
event  that the  maturity  of the  Notes is  accelerated  by  reason  of an
election of the holder  thereof  resulting  from any Event of Default under
this  Agreement or otherwise,  or in the event of any required or permitted
prepayment,  then such  consideration  that constitutes  interest under law
applicable  to any Lender may never  include  more than the maximum  amount
allowed by such applicable law, and excess interest,  if any,  provided for
in this  Agreement or  otherwise  shall be canceled  automatically  by such
Lender  as  of  the  date  of  such  acceleration  or  prepayment  and,  if
theretofore  paid, shall be credited by such Lender on the principal amount
of the  Indebtedness  (or, to the extent that the  principal  amount of the
Indebtedness shall have been or would thereby be paid in full,  refunded by
such  Lender  to the  Borrower).  All sums paid or agreed to be paid to any
Lender for the use,  forbearance or detention of sums due hereunder  shall,
to the extent  permitted by law  applicable  to such Lender,  be amortized,
prorated,  allocated  and spread  throughout  the stated  term of the Loans
evidenced by the Notes until  payment in full so that the rate or amount of
interest  on account  of any Loans  hereunder  does not exceed the  maximum
amount allowed by such applicable law. If at any time and from time to time
(i) the  amount of  interest  payable  to any  Lender on any date  shall be
computed at the Highest Lawful Rate  applicable to such Lender  pursuant to
this  Section  12.14  and  (ii)  in  respect  of  any  subsequent  interest
computation  period the amount of interest otherwise payable to such Lender
would be less than the amount of interest  payable to such Lender  computed
at the Highest  Lawful Rate  applicable to such Lender,  then the amount of
interest  payable to such  Lender in respect  of such  subsequent  interest
computation period shall continue to be computed at the Highest Lawful Rate
applicable  to such Lender  until the total  amount of interest  payable to
such Lender shall equal the total amount of interest  which would have been
payable to such Lender if the total  amount of interest  had been  computed
without giving effect to this Section 12.14.

Section 12.15.....Confidentiality.  In the event that the Borrower provides
to the  Administrative  Agent or the Lenders  written or oral  confidential
information  belonging to the Borrower,  the  Administrative  Agent and the
Lenders shall thereafter maintain such information in strict confidence and
appropriately  safeguard  such  material,  at least in accordance  with the
standards of care and diligence that each utilizes in  maintaining  its own
confidential information.  This obligation of confidence shall not apply to
such portions of the information  which (a) are in the public domain (other
than as a  result  of its  disclosure  by the  Administrative  Agent or the
Lenders),  (b)  hereafter  become  part of the public  domain  without  the
Administrative   Agent  or  the  Lenders   breaching  their  obligation  of
confidence to the Borrower,  (c) are previously known by the Administrative
Agent  or the  Lenders  from  some  source  other  than  Borrower,  (d) are
hereafter  developed  by the  Administrative  Agent or the Lenders  without
using the Borrower's  information or otherwise violating any obligations of
the  Administrative  Agent or Lenders to the  Borrower,  (e) are  hereafter
obtained by or available to the Administrative  Agent or the Lenders from a
source other than the Borrower, or its agents or representatives,  provided
that such  information  was not obtained from such source in a manner which
would violate the terms hereof, (f) are disclosed with the Borrower's prior
written consent,  (g) must be disclosed either pursuant to any Governmental
Requirement or to Persons  regulating the activities of the  Administrative
Agent or the  Lenders or by the  Administrative  Agent or any Lender in any
suit, action or proceeding for the purpose of defending itself,  materially
reducing its  liability or protecting  or  exercising  any material  claim,
right, remedy or interest under or in connection with this Agreement or the
Notes,  or (h) as may be  required  by law or  regulation  or  order of any
Governmental   Authority  in  any  judicial   arbitration  or  governmental
proceeding  (provided,  however,  that if the  Administrative  Agent or the
Lenders are required to disclose the  confidential  information to any such
outside party, it or they will, if legally  permitted,  notify the Borrower
promptly so that the Borrower  may seek any  appropriate  protective  order
and/or take other appropriate  action).  The  Administrative  Agent and the
Lenders shall not be liable for such  disclosure  unless the  disclosure to
such  tribunal or other person was caused by, or resulted  from, a previous
disclosure  by the  Administrative  Agent  or  the  Lenders  not  permitted
hereunder.  Further,  the Administrative Agent or a Lender may disclose any
such  information  to any  Affiliate  of such  Lender,  any  other  Lender,
independent  engineers or  consultants,  any independent  certified  public
accountants,  any legal counsel  employed by such Person in connection with
this Agreement,  including without limitation,  the enforcement or exercise
of all rights and  remedies  thereunder,  or any  assignee  or  participant
(including  prospective assignees and participants) in the Loans; provided,
however,  that the  Administrative  Agent or the  Lenders  shall  receive a
confidentiality  agreement  from the  Person  to whom such  information  is
disclosed  (unless  such  Person is already  subject to an  attorney-client
privilege  with  respect  to such  confidential  information  or  otherwise
subject to a legal obligation to maintain such  confidentiality)  such that
said Person shall have the same obligation to maintain the  confidentiality
of such  information  as is imposed  upon the  Administrative  Agent or the
Lenders  hereunder.  Notwithstanding  anything  to  the  contrary  provided
herein,  this obligation of confidence shall cease three (3) years from the
date the information was furnished, unless the Borrower requests in writing
at least  thirty  (30) days  prior to the  expiration  of such  three  year
period,  to  maintain  the  confidentiality  of  such  information  for  an
additional  three (3) year period.  The  Borrower  waives any and all other
rights it may have to confidentiality  as against the Administrative  Agent
and the Lenders  arising by contract,  agreement,  statute or law except as
expressly stated in this Section 12.15.

Section 12.16.....Effectiveness.  This Agreement shall not become effective
or be binding on any party  hereto until the later to occur of (a) the date
on which  all of the  conditions  set  forth in  Section  6.01  herein  are
satisfied and (b) April 2, 2004.  The  Administrative  Agent shall promptly
notify  the  Borrower  and the  Lenders  of the date  such  conditions  are
satisfied (the "Effective  Date"),  and such notice shall be conclusive and
binding on all parties hereto.

Section 12.17.....Termination of Existing Agreement. The Existing Agreement
shall  terminate on the Effective  Date.  Thereupon,  the Borrower shall be
released  from  all  obligations  arising  under  the  Existing  Agreement.
Execution  of this  Agreement by the Existing  Lenders  shall  constitute a
waiver of the notice  provisions  in Section 2.03 and 12.02 of the Existing
Agreement. Upon termination of the Existing Agreement, the Existing Lenders
shall promptly return to the Borrower all Notes (as such term is defined in
the Existing  Agreement)  issued by the Borrower to such  Existing  Lenders
pursuant to the terms of the Existing  Agreement.  If any  Existing  Lender
fails to return a Note issued pursuant to the Existing Agreement, then such
Existing Lender shall indemnify Borrower against and hold and save Borrower
harmless from any loss, damage,  claim,  action,  cost, charge, and expense
suffered by Borrower as a result of such non-returned  Note,  provided that
if an Existing  Lender  subsequently  returns a Note issued pursuant to the
Existing  Agreement,  this Indemnity  shall  terminate with respect to such
Existing Lender.

Section  12.18.....MAP  Disposition.  Upon the  consummation of the sale or
disposition of all of the Borrower's  (and its  Subsidiaries')  interest in
the  equity  of  MAP to  Marathon  Oil  Company  (and/or  its  Affiliates),
references to MAP herein shall be deemed to be of no further effect.

Section 12.19.....USA Patriot Act. Each Lender hereby notifies the Borrower
that pursuant to the requirements of the USA Patriot Act (Title III of Pub.
L. 107-56  (signed into law October 26, 2001)) (the "Act"),  it is required
to obtain, verify and record information that identifies the Borrower which
information  includes  the name  and  address  of the  Borrower  and  other
information  that will  allow  such  Lender to  identify  the  Borrower  in
accordance with the Act.





<PAGE>



                             Signature Page-19

         The parties  hereto have caused this Agreement to be duly executed
as of the day and year first above written.

<TABLE>
<CAPTION>
<S>                                              <C>
BORROWER:                                            ASHLAND INC.


                                                     By:______________________________
                                                           Name:  Daragh L. Porter
                                                           Title: Treasurer

                                                     Address for Notices:

                                                     If by hand (messenger or other courier) to:

                                                     500 Diederich Boulevard
                                                     Russell, Kentucky 41169
                                                     Attn: Treasurer
                                                     Facsimile No:  606-329-3883
                                                     Telephone No:  606-329-3825

                                                     and if by mail to:

                                Ashland Inc.
                                                     P.O. Box 391
                                                     Ashland, Kentucky 41105-0391
                                                     Attn:  Treasurer

                                                     in each case with a copy to:

                                                     Ashland Inc.
                                                     50 E. RiverCenter Boulevard
                                                     P.O. Box 391
                                                     Covington, Kentucky  41012-0391
                                                     Attn:  General Counsel
                                                     Facsimile No.  606-815-3823
                                                     Telephone No. 606-815-4711

                                                     and in the case of service of process only, to:

                                                     3475 Blazer Parkway
                                                     Lexington, KY 40509
                                                     Attn:  Steven L. Spalding



<PAGE>


                               with copy to:

                                Ashland Inc.
                                                     500 Diederich Boulevard
                                                     Russell, Kentucky 41169
                                                     Attn:  Treasurer

                                                     Borrower's Website:

                                                     www.ashland.com



<PAGE>


LENDER AND
AND ADMINISTRATIVE AGENT:                            THE BANK OF NOVA SCOTIA



                                                     By:______________________________
                                                           Name:
                                                           Title:
                                                     Administrative Agent's Office
                                                     (for payments and Borrowing Notices):

                                                     The Bank of Nova Scotia
                                                     One Liberty Plaza
                                                     New York, New York  10006
                                                     Attn:                Judith Bookal
                                                     Telephone No:        212-225-5462
                                                     Facsimile No:        212-225-5145
                                                     E-Mail:              judy_bookal@scotiacapital.com

                                                     Account No.:         2504-14
                                                     Ref:                 Ashland Inc.
                                                     ABA#                 026 002532

                                                     Other Notices to Administrative Agent:

                                                     The Bank of Nova Scotia
                                                     One Liberty Plaza
                                                     New York, New York  10006
                                                     Attn:                Todd Meller
                                                     Telephone No:        212-225-5096
                                                     Facsimile No:        212-225-5254
                                                     E-Mail:  todd_meller@scotiacapital.com

                                                     The Bank of Nova Scotia Lending Office for Base Rate and
                                                     Eurodollar Loans:

                                                     The Bank of Nova Scotia
                                                     One Liberty Plaza
                                                     New York, New York  10006
                                                     Attn:                Judith Bookal
                                                     Telephone No:        212-225-5462
                                                     Facsimile No:        212-225-5145
                                                     E-Mail:              judy_bookal@scotiacapital.com



<PAGE>


                                                     Address for Notices to The Bank of Nova Scotia, as Lender:

                                                     The Bank of Nova Scotia
                                                     One Liberty Plaza
                                                     New York, New York  10006
                                                     Attn:                Judith Bookal
                                                     Telephone No:        212-225-5462
                                                     Facsimile No:        212-225-5145
                                                     E-Mail:              judy_bookal@scotiacapital.com





<PAGE>


LENDER AND
CO-SYNDICATION AGENT:                                SUNTRUST BANK


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Contact:

                                                     SunTrust Bank
                                                     Corporate Loan Specialist
                                                     Mail Code: Ga-Atlanta-1941
                                                     P.O. Box 4418
                                                     Atlanta, GA 30302-4418
                                                     Attn:                Bonnie Langley
                                                     Telephone No:        404-658-4624
                                                     Facsimile No:        404-230-1940
                                                     E-Mail:              bonnie.langley@suntrust.com

                                                     Address for Credit Contact:

                                                     SunTrust Bank
                                                     Mail Code: TN: Nashville:1937
                                                     P.O. Box 305110
                                                     Nashville, TN 37230
                                                     Attn:                Jim Sloan
                                                     Telephone No:        615-748-5745
                                                     Facsimile No:        615-748-5269
                                                     E-Mail:              jim.sloan@suntrust.com







<PAGE>


LENDER AND
CO-SYNDICATION AGENT:                                BANK ONE, N.A.


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Contact:

                                                     Bank One, N.A.
                                                     Client Service Associate
                                                     1 Bank One Plaza, Suite JL1-0010
                                                     Chicago, IL 60670
                                                     Attn:                Deborah Turner
                                                     Telephone No:        312-385-7081
                                                     Facsimile No:        312-385-7097
                                                     E-Mail:              deborah_turner@bankone.com

                                                     Address for Credit Contact:

                                                     Bank One, N.A.
                                                     910 Travis Street, TX2-4375
                                                     Houston, TX 77002
                                                     Attn:                Jeanie Gonzalez
                                                     Telephone No:        713-751-6174
                                                     Facsimile No:        713-751-3982
                                                     E-Mail:              jeanie_gonzalez@bankone.com













<PAGE>


LENDER AND
DOCUMENTATION AGENT:                                 THE ROYAL BANK OF SCOTLAND PLC


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     The Royal Bank of Scotland plc Lending Office for Base Rate
                                                     and Eurodollar Loans:

                                                     The Royal Bank of Scotland
                                                     New York Branch
                                                     101 Park Avenue, 12th Floor
                                                     New York, NY 10178

                                                     Address for Credit Information:

                                                     The Royal Bank of Scotland
                                                     600 Travis Street, Suite 6070
                                                     Houston, TX 77002
                                                     Attn:                David Slye, AVP
                                                     Telephone No:        713-221-2407
                                                     Facsimile No:        713-221-2430












<PAGE>


LENDER:                                              THE BANK OF TOKYO-MITSUBISHI, LTD.,
                               CHICAGO BRANCH


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     The Bank of Tokyo-Mitsubishi, Ltd.
                                                     HFC-500 Plaza III
                                                     Jersey City, NJ 07311
                                                     Attn:                Jimmy Yu
                                                     Telephone No:        201-413-8566
                                                     Facsimile No:        201-521-2335

                                                     Address for Credit Information:

                                                     The Bank of Tokyo-Mitsubishi, Ltd.
                                                     227 West Monroe Street, Suite 2300
                                                     Chicago, IL 60606
                                                     Attn:                William J. Murray
                                                     Telephone No:        312-696-4653
                                                     Facsimile No:        312-696-4535








<PAGE>


LENDER:                                              CITICORP USA, INC.


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     Citicorp USA, Inc.
                                                     Two Penn's Way
                                                     Suite 200
                                                     New Castle, DE 19720
                                                     Attn:                Dennis Banfield
                                                     Telephone No:        302-894-6109
                                                     Facsimile No:        212-994-0847

                                                     Address for Credit Information:

                                                     Citicorp USA, Inc.
                                                     1200 Smith Street
                                                     Suite 2000
                                                     Houston, TX 77002
                                                     Attn:                Amy Pincu
                                                     Telephone No:        713-654-2820
                                                     Facsimile No:        713-654-2849



<PAGE>




LENDER:                                              CREDIT SUISSE FIRST BOSTON, ACTING THROUGH ITS CAYMAN
                                                      ISLANDS BRANCH


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     Credit Suisse First Boston
                                                     One Madison Avenue
                                                     New York, NY 10010
                                                     Attn:                Ed Markowski
                                                     Telephone No:        212-538-3380
                                                     Facsimile No:        212-538-6851
                                                     E-Mail:              edward.markowski@csfb.com

                                                     Address for Credit Information:

                                                     Credit Suisse First Boston
                                                     Eleven Madison Avenue
                                                     New York, NY 10010
                                                     Attn:                Paul Colon
                                                     Telephone No:        212-325-5352
                                                     Facsimile No:        646-448-3397
                                                     E-Mail:              paul.colon@csfb.com



<PAGE>


LENDER:                                              DEUTSCHE BANK AG NEW YORK BRANCH


                                                     By:______________________________
                                                           Name:
                                                           Title:



                                                     By:______________________________
                                                           Name:
                                                           Title:



                                                     Deutsche Bank AG New York Branch Lending Office for Base
                                                     Rate and Eurodollar Loans:

                                                     Deutsche Bank AG New York Branch
                               60 Wall Street
                                                     New York, NY 10005


                                                     Address for Credit Information:

                                                     Deutsche Bank AG New York Branch
                                                     60 Wall Street, 11th Floor
                                                     New York, NY 10019
                                                     Attn:                Oliver Riedinger
                                                     Telephone No:        212-250-5210
                                                     Facsimile No:        212-797-4346
                                                     E-Mail:              oliver.riedinger@db.com



<PAGE>


LENDER:                                              US BANK, N.A.


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     US Bank, N.A. Lending Office for Base Rate and Eurodollar
                                                     Loans:

                                                     US Bank, N.A.
                                                     US Bank Tower
                                                     425 Walnut Street, 8th Floor
                                                     Cincinnati, OH 45202


                                                     Address for Credit Information:

                               US Bank, N.A.
                                                     US Bank Tower
                                                     425 Walnut Street, 8th Floor
                                                     Cincinnati, OH 45202
                                                     Attn:                Richard Neltner
                                                     Telephone No:        513-632-4073
                                                     Facsimile No:        513-632-2068



<PAGE>


LENDER:                                              BANK OF AMERICA, N.A.


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     Bank of America, N.A.
                                                     901 Main Street
                                                     Dallas, TX 75202
                                                     Attn:                Ben Cosgrove
                                                     Telephone No:        214-209-9254
                                                     Facsimile No:        214-290-9439

                                                     Address for Credit Information:

                                                     Bank of America, N.A.
                                                     901 Main Street
                                                     Dallas, TX 75202
                                                     Attn:                Kipling Davis
                                                     Telephone No:        214-209-0760
                                                     Facsimile No:        214-209-1286



<PAGE>


LENDER:                                              NATIONAL CITY BANK OF KENTUCKY


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     National City Bank Of Kentucky
                                                     P.O. Box 36000
                                                     Louisville, KY 40233
                                                     Attn:                Mary Vincent
                                                     Telephone No:        502-581-4376
                                                     Facsimile No:        502-581-6794

                                                     Address for Credit Information:

                                                     National City Bank Of Kentucky
                                                     P.O. Box 36000
                                                     Louisville, KY 40233
                                                     Attn:                Judy Byron
                                                     Telephone No:        502-581-5612
                                                     Facsimile No:        502-581-4424



<PAGE>


LENDER:                                              PNC BANK, NATIONAL ASSOCIATION


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     PNC Bank, National Association
                                                     500 First Avenue
                                                     Pittsburgh, PA 15219
                                                     Attn:                Sherri Collins
                                                     Telephone No:        412-766-7653
                                                     Facsimile No:        412-768-4586

                                                     Address for Credit Information:

                                                     PNC Bank, National Association
                                                     201 E. Fifth Street
                                                     Cincinnati, OH 45202
                                                     Attn:                Jeffrey L. Stein
                                                     Telephone No:        513-651-8692
                                                     Facsimile No:        513-651-8951



<PAGE>


LENDER:                                              WACHOVIA BANK, NATIONAL ASSOCIATION


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     Wachovia Bank, National Association
                                                     201 S. College Street
                                                     Charlotte, NC 28266
                                                     Attn:                Jeremy Collins
                                                     Telephone No:        704-715-7662
                                                     Facsimile No:        704-715-0095

                                                     Address for Credit Information:

                                                     Wachovia Bank, National Association
                                                     1339 Chestnut Street
                                                     Philadelphia, PA 19107
                                                     Attn:                Denis Wahrich
                                                     Telephone No:        267-321-6713
                                                     Facsimile No:        267-321-6700



<PAGE>


LENDER:                                              FIFTH THIRD BANK (NORTHERN KENTUCKY)


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     Fifth Third Bank (Northern Kentucky)
                                                     8100 Burlington Pk.
                                                     Florence, KY 41042
                                                     Attn:                Steffany Cain
                                                     Telephone No:        859-283-8210
                                                     Facsimile No:        859-283-8524

                                                     Address for Credit Information:

                                                     Fifth Third Bank (Northern Kentucky)
                                                     8100 Burlington Pk.
                                                     Florence, KY 41042
                                                     Attn:                John R. Love, Sr.
                                                     Telephone No:        859-283-6786
                                                     Facsimile No:        859-283-8524



<PAGE>


LENDER:                                              KBC BANK N.V.


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     KBC Bank N.V.
                                                     New York Branch
                                                     125 West 55th Street
                                                     New York, NY 10019
                                                     Attn:                Rose Pagen
                                                     Telephone No:        212-541-0657
                                                     Facsimile No:        212-956-5581

                                                     Address for Credit Information:

                                                     KBC Bank N.V.
                                                     Atlanta Representative Office
                                                     245 Peachtree Center Avenue, Suite 2550
                                                     Atlanta, GA
                                                     Attn:                Jackie Brunetto
                                                     Telephone No:        404-584-5466
                                                     Facsimile No:        404-584-5465
                                                     E-Mail:              jacqueline.brunetto@kbc.be



<PAGE>


LENDER:                                              MELLON BANK, N.A.


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Operations Information:

                                                     Mellon Bank, N.A.
                                                     525 William Penn Place
                                                     Room 1203
                                                     Pittsburgh, PA 15259-0003
                                                     Attn:                Daria Armen
                                                     Telephone No:        412-234-1870
                                                     Facsimile No:        412-209-6129

                                                     Address for Credit Information:

                                                     Mellon Bank, N.A.
                                                     One Mellon Center
                                                     Room 4530
                                                     Pittsburgh, PA 15258
                                                     Attn:                Mark F. Johnston
                                                     Telephone No:        412-236-2293
                                                     Facsimile No:        412-236-1914


















</TABLE>

<PAGE>



                                ANNEX 1
                            LIST OF COMMITMENTS

<TABLE>
<CAPTION>

------------------------------------------------------------ --------------------------- -----------------------------
                      NAME OF LENDER                              PERCENTAGE SHARE                COMMITMENT
------------------------------------------------------------ --------------------------- -----------------------------
<S>                                                                    <C>                        <C>
The Bank of Nova Scotia                                                10.000000%                 $10,000,000.00
Bank One, N.A.                                                          8.571429%                  $8,571,428.57
The Royal Bank of Scotland plc                                          8.571429%                  $8,571,428.57
SunTrust Bank                                                           8.571429%                  $8,571,428.57
The Bank of Tokyo-Mitsubishi, Ltd.                                      6.000000%                  $6,000,000.00
Citicorp USA, Inc.                                                      6.000000%                  $6,000,000.00
Credit Suisse First Boston                                              6.000000%                  $6,000,000.00
Deutsche Bank AG New York Branch                                        6.000000%                  $6,000,000.00
US Bank, N.A.                                                           6.000000%                  $6,000,000.00
Bank of America, N.A.                                                   6.000000%                  $6,000,000.00
National City Bank of Kentucky                                          5.142857%                  $5,142,857.14
PNC Bank, National Association                                          5.142857%                  $5,142,857.14
Wachovia Bank, National Association                                     5.142857%                  $5,142,857.14
Fifth Third Bank (Northern Kentucky)                                    4.285714%                  $4,285,714.29
KBC Bank N.V.                                                           4.285714%                  $4,285,714.29
Mellon Bank, N.A.                                                       4.285714%                  $4,285,714.29
TOTAL COMMITMENT                                                      100.000000%                   $100,000,000

</TABLE>

<PAGE>



                                EXHIBIT A-1

                                FORM OF NOTE
                 (364-DAY REVOLVING CREDIT AGREEMENT NOTE)

$___________________________________                             April 2, 2004


         FOR VALUE  RECEIVED,  ASHLAND  INC., a Kentucky  corporation  (the
"Borrower")     hereby    promises    to    pay    to    the    order    of
______________________________ (the "Lender"), at the Lending Office of THE
BANK    OF    NOVA    SCOTIA    (the     "Administrative     Agent"),    at
____________________________________________,    the   principal   sum   of
_____________ Dollars ($____________) (or such lesser amount as shall equal
the aggregate  unpaid  principal  amount of the Loans made by the Lender to
the Borrower under the Credit Agreement, as hereinafter defined), in lawful
money of the United States of America and in immediately  available  funds,
on the dates and in the principal amounts provided in the Credit Agreement,
and to pay interest on the unpaid  principal  amount of each such Loan,  at
such office, in like money and funds, for the period commencing on the date
of such Loan until such Loan shall be paid in full,  at the rates per annum
and on the dates provided in the Credit Agreement.

         The  date,  amount,  Type,  interest  rate,  Interest  Period  and
maturity of each Loan made by the Lender to the Borrower,  and each payment
made on account of the principal  thereof,  shall be recorded by the Lender
on its books and,  prior to any  transfer of this Note,  may be endorsed by
the Lender on the schedules attached hereto or any continuation  thereof or
on any separate record maintained by the Lender.

         This Note is one of the Notes referred to in the 364-Day Revolving
Credit  Agreement,  dated as of April 2,  2004 (as  amended,  supplemented,
amended and restated or otherwise  modified from time to time,  the "Credit
Agreement), among the Borrower, the lenders from time to time party thereto
(including the Lender),  and The Bank of Nova Scotia, as the Administrative
Agent, and evidences Loans made by the Lender thereunder. Capitalized terms
used in this  Note have the  respective  meanings  assigned  to them in the
Credit Agreement.

         This  Note is  issued  pursuant  to the  Credit  Agreement  and is
entitled to the benefits provided for in the Credit  Agreement.  The Credit
Agreement  provides for the  acceleration of the maturity of this Note upon
the occurrence of certain  events,  for prepayments of Loans upon the terms
and  conditions  specified  therein and other  provisions  relevant to this
Note.


<PAGE>


         THIS  NOTE  (INCLUDING,  BUT NOT  LIMITED  TO,  THE  VALIDITY  AND
ENFORCEABILITY  HEREOF)  SHALL BE GOVERNED BY, AND  CONSTRUED IN ACCORDANCE
WITH,  THE LAWS OF THE STATE OF NEW YORK,  OTHER THAN THE  CONFLICT OF LAWS
RULES THEREOF.

                                ASHLAND INC.


                                By:______________________________
                                Name:
                                Title:





<PAGE>



                                EXHIBIT A-2

                                 [RESERVED]



<PAGE>




                                 EXHIBIT B

           FORM OF BORROWING, CONTINUATION AND CONVERSION REQUEST
                    (364-DAY REVOLVING CREDIT AGREEMENT)

                                                        __________ __, 200_


         ASHLAND INC., a Kentucky corporation (the "Borrower"), pursuant to
the  364-Day  Revolving  Credit  Agreement,  dated as of April 2,  2004 (as
amended, supplemented, amended and restated or otherwise modified from time
to time, the "Credit Agreement),  among the Borrower, the lenders from time
to time party thereto,  and The Bank of Nova Scotia, as the  Administrative
Agent,  hereby makes the requests indicated below (unless otherwise defined
herein, capitalized terms are defined in the Credit Agreement):

<TABLE>
<CAPTION>
<S>          <C>
             1. Loans:
             (a)  Aggregate  amount of new Loans to be  $____________;  (b)
             Requested   funding  date  is   __________   __,   200_;   (c)
             $____________ of such borrowings are to be Eurodollar Loans;

                     $____________ of such borrowings are to be Base Rate Loans; and
             (d)     Length of Interest Period for Eurodollar Loans is: _________________________.
             2.      Eurodollar Loan Continuation for Eurodollar Loans maturing on __________ __, 200_:
             (a)     Aggregate amount to be continued as Eurodollar Loans is $____________;
             (b)     Aggregate amount to be converted to Base Rate Loans is $____________;
             (c)     Length of Interest Period for continued Eurodollar Loans is _________________.
             (d)     Length of Interest Period for continued Base Rate Loans is ____________________.
             3.      Base Rate Loan Continuation for Base Rate Loans maturing on __________ __, 200_:
             (a)     Aggregate amount to be continued as Eurodollar Loans is $____________;
             (b)     Aggregate amount to be converted to Base Rate Loans is $____________;
             (c)     Length of Interest Period for continued Eurodollar Loans is _________________.
             (d)     Length of Interest Period for continued Base Rate Loans is _________________.
             4.      Aggregate amount to be converted to Base Rate Loans is $____________;
             (a)     Aggregate amount to be converted to Eurodollar Loans is $____________;
             (b)     Length of Interest Period for converted Eurodollar Loans is _________________.
             5.      Conversion of Outstanding Base Rate Loans to Eurodollar Loans:
                     Convert $____________ of the outstanding Base Rate Loans to Eurodollar Loans on __________ __,
                     200_ with an Interest Period of ________________.
             6.  Conversion of  outstanding  Eurodollar  Loans to Base Rate
                 Loans:
                     Convert  $____________  of the outstanding  Eurodollar
                     Loans with Interest  Period maturing on __________ __,
                     200_, to Base Rate Loans.

</TABLE>
         The undersigned certifies that he is the  _____________________ of
the Borrower, and that as such he is authorized to execute this certificate
on behalf of the Borrower.  The undersigned  further certifies,  represents
and  warrants on behalf of the  Borrower  that the  Borrower is entitled to
receive the requested borrowing, continuation or conversion under the terms
and conditions of the Credit Agreement.

                                ASHLAND INC.


                                By:______________________________
                                Name:
                                Title:





<PAGE>




                                 EXHIBIT C

                       FORM OF COMPLIANCE CERTIFICATE
                    (364-DAY REVOLVING CREDIT AGREEMENT)


         The undersigned  hereby certifies that he is the  ________________
of ASHLAND INC., a Kentucky  corporation  (the "Borrower") and that as such
he is  authorized  to execute this  certificate  on behalf of the Borrower.
With reference to the 364-Day Revolving Credit Agreement, dated as of April
2, 2004 (as  amended,  supplemented,  amended  and  restated  or  otherwise
modified from time to time, the "Credit Agreement), among the Borrower, the
Lenders,  and The Bank of Nova Scotia,  as the  Administrative  Agent,  the
undersigned  represents and warrants as follows (each capitalized term used
herein having the same meaning given to it in the Credit  Agreement  unless
otherwise specified):

                  (a) The  representations  and  warranties of the Borrower
         contained  in Article VII of the Credit  Agreement  and  otherwise
         made in writing by or on behalf of the  Borrower  pursuant  to the
         Credit Agreement were true and correct when made, and are repeated
         at and as of the time of delivery  hereof and are true and correct
         at and as of the time of  delivery  hereof,  except to the  extent
         such  representations  and warranties are expressly  limited to an
         earlier date or the Majority  Lenders have expressly  consented in
         writing to the contrary.

                  (b) The Borrower  has  performed  and  complied  with all
         agreements  and  conditions  contained  in  the  Credit  Agreement
         required to be performed or complied with by it prior to or at the
         time of delivery hereof.

                  (c) Since  September  30,  2003 there has not  occurred a
         material  adverse  change in the financial  position or results of
         operation of the Borrower and its Subsidiaries taken as a whole.

                  (d) There exists as of the date hereof,  or, after giving
         effect to the Loan or Loans (if any) with  respect  to which  this
         certificate is being  delivered,  will exist, no Default under the
         Credit Agreement.

                  (e)  All  financial   statements  furnished  herewith  or
         heretofore pursuant to Sections 8.01(a) and (b) have been prepared
         in accordance with GAAP.

                  (f) [CERTIFICATION AND CALCULATION AS TO LEVERAGE RATIO]



<PAGE>


                  EXECUTED AND DELIVERED this _____ day of __________, 200_.

                                ASHLAND INC.


                                By:______________________________
                                Name:
                                Title:





<PAGE>



                                EXHIBIT D

                           FORM OF LEGAL OPINION


                               April 2, 2004


To the Lenders and the Administrative Agent
hereinafter referred to
c/o The Bank of Nova Scotia, as the
Administrative Agent
One Liberty Plaza
New York, New York  10006

         Re:      364-Day Revolving Credit Agreement

Ladies and Gentlemen:

         I am a Senior Counsel with Ashland Inc. (the "Company"),  and have
advised  the  Company  in  connection  with the  364-Day  Revolving  Credit
Agreement,  dated as of April 2, 2004 (the "Credit  Agreement"),  among the
Company, the Lenders listed on the signature pages thereof, and The Bank of
Nova Scotia, as the Administrative Agent. This opinion is rendered pursuant
to Section 6.01(vi) of the Credit Agreement.  Capitalized terms used herein
that are not otherwise  defined shall have the meanings ascribed to them in
the Credit Agreement.

         In connection  with this opinion,  I have examined or caused to be
examined  originals  or copies,  certified or  otherwise  identified  to my
satisfaction, of such documents,  corporate records, certificates of public
officials   and  other   instruments   and  have   conducted   such   other
investigations  of fact and law as I have deemed  necessary or advisable in
order to deliver  this  opinion.  In said  examination  I have  assumed the
genuineness  of all  signatures  (other  than the  signature  of the person
executing  the  Credit  Agreement  on  behalf  of the  Company),  the legal
capacity of natural persons, the authenticity of all documents submitted to
me as  originals,  the  conformity  to original  documents of all documents
submitted to me as certified or photostatic copies, and the authenticity of
the  originals of such  copies.  In giving this opinion I have relied as to
matters of fact upon certificates of officers of the Company,  certificates
of public officials,  the  representations  of the Company in Sections 7.07
and 7.08 of the Credit Agreement and the  representations of the Lenders in
Section 4.06(d) of the Credit Agreement.

         Based upon and  subject  to the  foregoing,  and the  limitations,
qualifications and exceptions set forth below, I am of the opinion that:

1. The Company (i) is duly,  organized or formed,  legally  existing and in
good standing under the laws of the Commonwealth of Kentucky,  (ii) has all
requisite   power,   and   has   all   material   governmental    licenses,
authorizations,  consents  and  approvals  necessary  to own its assets and
carry on its  business  as now being or as proposed  to be  conducted;  and
(iii) is qualified to do business in all  jurisdictions in which the nature
of the business  conducted  by it makes such  qualification  necessary  and
where failure so to qualify would have a Material Adverse Effect.

2. Neither the execution and delivery of the Credit Agreement and the Notes
by the Company,  nor compliance with the terms and conditions  thereof will
conflict  with or result in a breach of, or require any  consent  which has
not  been  obtained  with  respect  to  the  Third  Restated   Articles  of
Incorporation  or By-laws of the Company,  as amended,  or any Governmental
Requirement  or any  indenture  or loan or  credit  agreement  or any other
material  agreement  or  instrument  to which the  Company is a party or by
which  it is  bound  or to  which  it or its  Properties  are  subject,  or
constitute a default  under any such  indenture,  agreement or  instrument,
which would  materially  adversely  affect the  ability of the  Borrower to
perform  its  obligations  under  the  Credit  Agreement  or  result in the
creation or  imposition  of any Lien upon any of the  revenues or assets of
the Company or any  Subsidiary  pursuant to the terms of any such agreement
or instrument.

3. The Company has all necessary  power and  authority to execute,  deliver
and perform its obligations  under the Credit  Agreement and the Notes; and
the  execution,  delivery  and  performance  by the  Company  of the Credit
Agreement and the Notes,  have been duly authorized by all necessary action
on its part;  and the Company has duly  executed and  delivered  the Credit
Agreement and the Notes;  and the Credit Agreement and the Notes constitute
the legal,  valid and binding  obligations  of the Company,  enforceable in
accordance with their terms.

4. Except as have been previously obtained, no authorizations, approvals or
consents  of,  and no  filings  or  registrations  with,  any  Governmental
Authority are necessary for the  execution,  delivery or performance by the
Company  of the  Credit  Agreement  or the  Notes  or for the  validity  or
enforceability thereof.

5.  Except  as  otherwise  disclosed,   there  is  no  litigation,   legal,
administrative or arbitral proceeding, investigation or other action of any
nature pending or, to the knowledge of the Company,  threatened  against or
affecting the Company or any Subsidiary the probable outcome of which would
adversely affect the validity or  enforceability of the Credit Agreement or
any of the Notes, or would have a Material Adverse Effect.

6.  The  Company  is  not  an  "investment  company"  nor  is it a  company
"controlled"  by  an  "investment  company,"  within  the  meaning  of  the
Investment Company Act of 1940.

7. The Company is not a "holding  company," or a "subsidiary  company" of a
"holding  company,"  or an  "affiliate"  of a  "holding  company,"  or of a
"subsidiary  company" of a "holding  company," or a "public utility" within
the meaning of the Public Utility Holding Company Act of 1935, as amended.

         This opinion is  qualified  to the extent that the binding  effect
and enforceability of the agreements and instruments  referred to above are
subject to applicable bankruptcy, insolvency,  reorganization,  moratorium,
and other similar laws of general  application  in effect from time to time
relating to or  affecting  the rights of creditors  generally  and that the
enforceability  thereof  may be  limited  by  the  application  of  general
principles of equity. Any declaration of default for events of dissolution,
liquidation,  bankruptcy, or reorganization of the Company and the exercise
of remedies upon any such  declaration,  shall be subject to any applicable
limitations  of  federal   bankruptcy  law  affecting  or  precluding  such
declaration or exercise during the pendency of or immediately following any
bankruptcy, liquidation or reorganization.

         In rendering  the opinion  given above my opinion has been limited
to the laws of the Commonwealth of Kentucky, the State of New York, and the
federal  laws  of the  United  States.  I am a  member  of  the  Bar of the
Commonwealth  of Kentucky and of the State of Ohio and do not purport to be
an expert on the law of other  jurisdictions  or federal  laws and have not
made any independent  investigation  of such other laws. With regard to the
laws of the State of New York which may apply to the Credit  Agreement  and
the  Notes,  I have  assumed  that the laws of the  State of New York  that
customarily  apply to such types of documents in  transactions of this kind
are not materially  dissimilar to the laws of the Commonwealth of Kentucky;
provided,  however,  that I express no opinion as to the  applicability  or
enforceability  of the laws of either state regarding  commercial paper and
negotiable instruments.  With regard to federal laws which may apply to the
Credit  Agreement  and the Notes,  I have relied on other  attorneys of the
Company who are experts on such laws.

         This  opinion is  rendered  solely to you in  connection  with the
above  matter.  This  opinion  may not be relied  upon by you for any other
purpose or relied  upon by or  furnished  to any person  other than  Mayer,
Brown, Rowe & Maw LLP without my prior written consent.

                               Very truly yours,



                               Jami K. Suver



<PAGE>



                                 Exhibit E

                                 EXHIBIT E

                        FORM OF ASSIGNMENT AGREEMENT
                    (364-DAY REVOLVING CREDIT AGREEMENT)


         THIS ASSIGNMENT AGREEMENT, dated as of __________ __, 200_ (this
"Agreement"), is between: _________________________ (the "Assignor") and
_________________________ (the "Assignee").

                                  RECITALS

         A.  The  Assignor  is a  party  to the  364-Day  Revolving  Credit
Agreement, dated as of April 2, 2004 (as amended, supplemented, amended and
restated or otherwise  modified from time to time, the "Credit  Agreement),
among Ashland Inc., a Kentucky  corporation (the  "Borrower"),  the lenders
from  time to time  party  thereto,  and The  Bank of Nova  Scotia,  as the
Administrative Agent.

         B. The  Assignor  proposes  to sell,  assign and  transfer  to the
Assignee,  and the  Assignee  proposes  to  purchase  and  assume  from the
Assignor, [all][a portion] of the Assignor's Commitment, outstanding Loans,
all on the terms and conditions of this Agreement.

         C.   In   consideration   of  the   foregoing   and   the   mutual
representations   contained  herein,   and  for  other  good  and  valuable
consideration,   the   receipt   and   sufficiency   of  which  are  hereby
acknowledged, the parties hereto agree as follows:

ARTICLE I
                                DEFINITIONS

Section 1.01      Definitions.  All  capitalized  terms used but not defined
herein have the  respective  meanings given to such terms in the Credit
Agreement.

Section 1.02      Other Definitions.  As used herein, the following terms have
the following respective meanings:

         "Assigned  Interest" shall mean all of Assignor's (in its capacity
as a "Lender") rights and obligations under the Credit Agreement in respect
of the  Commitment  of  the  Assignor  in the  principal  amount  equal  to
$____________,  and to make  Loans  under the  Commitment  and any right to
receive payments for the Loans  outstanding  under the Commitment  assigned
hereby of $____________  (the "Loan  Balance"),  plus the interest and fees
which will accrue from and after the Assignment Date.

         "Assignment Date" shall mean __________ __, 200_.

ARTICLE II
                            SALE AND ASSIGNMENT

Section 2.01 Sale and  Assignment.  On the terms and  conditions  set forth
herein,  effective on and as of the Assignment  Date,  the Assignor  hereby
sells,  assigns and  transfers to the  Assignee,  and the  Assignee  hereby
purchases  and  assumes  from the  Assignor,  all of the  right,  title and
interest  of the  Assignor  in and to,  and all of the  obligations  of the
Assignor in respect of, the Assigned  Interest.  Such sale,  assignment and
transfer is without  recourse  and,  except as  expressly  provided in this
Agreement, without representation or warranty.

Section  2.02  Assumption  of  Obligations.  The  Assignee  agrees with the
Assignor (for the express  benefit of the Assignor and the  Borrower)  that
the Assignee will, from and after the Assignment  Date,  perform all of the
obligations of the Assignor in respect of the Assigned  Interest.  From and
after the  Assignment  Date:  (a) the Assignor  shall be released  from the
Assignor's  obligations  in respect of the Assigned  Interest,  and (b) the
Assignee  shall be entitled  to all of the  Assignor's  rights,  powers and
privileges under the Credit Agreement in respect of the Assigned Interest.

Section 2.03 Consent by  Administrative  Agent. By executing this Agreement
as  provided  below,  in  accordance  with  Section  12.06(b) of the Credit
Agreement,  the  Administrative  Agent  hereby  acknowledges  notice of the
transactions   contemplated   by  this   Agreement  and  consents  to  such
transactions.

ARTICLE III
                                  PAYMENTS

Section  3.01  Payments.  As  consideration  for the sale,  assignment  and
transfer  contemplated  by Section 2.01 hereof,  the Assignee shall, on the
Assignment Date, assume  Assignor's  obligations in respect of the Assigned
Interest and pay to the Assignor amounts equal to the Loan Balance, if any.
An amount  equal to all accrued and unpaid  interest and fees shall be paid
to the  Assignor  as  provided  in  Section  3.02  (iii)  below.  Except as
otherwise provided in this Agreement,  all payments hereunder shall be made
in Dollars and in immediately available funds, without setoff, deduction or
counterclaim.

Section 3.02  Allocation of Payments.  The Assignor and the Assignee  agree
that (i) the Assignor  shall be entitled to any payments of principal  with
respect  to the  Assigned  Interest  made  prior  to the  Assignment  Date,
together  with any interest and fees with respect to the Assigned  Interest
accrued prior to the Assignment  Date,  (ii) the Assignee shall be entitled
to any payments of principal  with  respect to the Assigned  Interest  made
from and after the Assignment Date,  together with any and all interest and
fees with  respect to the  Assigned  Interest  accruing  from and after the
Assignment  Date,  and (iii) the  Administrative  Agent is  authorized  and
instructed to allocate  payments received by it for account of the Assignor
and the Assignee as provided in the  foregoing  clauses.  Each party hereto
agrees that it will hold any  interest,  fees or other  amounts that it may
receive to which the other party hereto  shall be entitled  pursuant to the
preceding  sentence  for account of such other party and pay, in like money
and  funds,  any such  amounts  that it may  receive  to such  other  party
promptly upon receipt.

Section  3.03  Delivery  of Notes.  Promptly  following  the receipt by the
Assignor  of the  consideration  required  to be paid  under  Section  3.01
hereof, the Assignor shall, in the manner  contemplated by Section 12.06(b)
of the Credit Agreement,  (i) deliver to the  Administrative  Agent (or its
counsel) the Notes held by the Assignor and (ii) notify the  Administrative
Agent to request  that the  Borrower  execute  and deliver new Notes to the
Assignor, if Assignor continues to be a Lender, and the Assignee, dated the
Assignment  Date in respective  principal  amounts equal to the  respective
Commitments of the Assignor (if  appropriate) and the Assignee after giving
effect to the sale, assignment and transfer contemplated hereby.

Section 3.04 Further Assurances. The Assignor and the Assignee hereby agree
to execute and deliver such other instruments, and take such other actions,
as either party may reasonably  request in connection with the transactions
contemplated by this Agreement.

ARTICLE IV
                            CONDITIONS PRECEDENT

Section 4.01      Conditions  Precedent.  The  effectiveness  of the sale,
assignment  and  transfer  contemplated hereby is subject to the satisfaction
of each of the following conditions precedent:

(a)      the execution  and delivery of this  Agreement by the Assignor and
         the Assignee;

(b)      the  receipt by the  Assignor  of the  payment  required to be made by
         the  Assignee  under  Section  3.01 hereof; and

(c)      the  acknowledgment  and  consent  by  the  Administrative   Agent
         contemplated by Section 2.03 hereof.

ARTICLE V
                       REPRESENTATIONS AND WARRANTIES

Section 5.01  Representations and Warranties of the Assignor. [6] The Assignor
represents and warrants to the Assignee as follows:

(a)      it has all requisite power and authority, and has taken all action
         necessary to execute and deliver this Agreement and to fulfill its
         obligations  under, and consummate the  transactions  contemplated
         by, this Agreement;

(b)      the execution,  delivery and  compliance  with the terms hereof by
         Assignor  and  the  delivery  of all  instruments  required  to be
         delivered  by it  hereunder  do  not  and  will  not  violate  any
         Governmental Requirement applicable to it;

(c)      this  Agreement  has been duly  executed  and  delivered by it and
         constitutes  the  legal,  valid  and  binding  obligation  of  the
         Assignor, enforceable against it in accordance with its terms;

(d)      all  approvals  and  authorizations  of, all filings  with and all
         actions by any Governmental  Authority  necessary for the validity
         or  enforceability  of its  obligations  under this Agreement have
         been obtained;

(e)      the  Assignor  has  good  title  to,  and is the  sole  legal  and
         beneficial owner of, the Assigned Interest,  free and clear of all
         Liens,  claims,  participations  or other  charges  of any  nature
         whatsoever; and

(f)      the  transactions  contemplated  by this  Agreement are commercial
         banking  transactions  entered into in the ordinary  course of the
         banking business of the Assignor.

Section  5.02  Disclaimer.  Except as  expressly  provided in Section  5.01
hereof,  the Assignor  does not make any  representation  or warranty,  nor
shall it have any  responsibility  to the  Assignee,  with  respect  to the
accuracy  of  any  recitals,  statements,   representations  or  warranties
contained in the Credit  Agreement or in any  certificate or other document
referred to or provided for in, or received by any Lender under, the Credit
Agreement,  or  for  the  value,  validity,   effectiveness,   genuineness,
execution,  effectiveness,  legality,  enforceability or sufficiency of the
Credit  Agreement,  the Notes or any other document referred to or provided
for therein or for any failure by the Borrower or any other  Person  (other
than  Assignor)  to perform any of its  obligations  thereunder  or for the
existence,  value, perfection or priority of any collateral security or the
financial or other  condition of the  Borrower or the  Subsidiaries  or any
other  obligor or  guarantor,  or any other  matter  relating to the Credit
Agreement or any extension of credit thereunder.

Section 5.03  Representations and Warranties of the Assignee.  The Assignee
represents and warrants to the Assignor as follows:

(a)      it has all requisite power and authority, and has taken all action
         necessary to execute and deliver this Agreement and to fulfill its
         obligations  under, and consummate the  transactions  contemplated
         by, this Agreement;

(b)      the execution,  delivery and  compliance  with the terms hereof by
         Assignee  and  the  delivery  of all  instruments  required  to be
         delivered  by it  hereunder  do  not  and  will  not  violate  any
         Governmental Requirement applicable to it;

(c)      this  Agreement  has been duly  executed  and  delivered by it and
         constitutes  the  legal,  valid  and  binding  obligation  of  the
         Assignee, enforceable against it in accordance with its terms;

(d)      all  approvals  and  authorizations  of, all filings  with and all
         actions by any Governmental  Authority  necessary for the validity
         or  enforceability  of its  obligations  under this Agreement have
         been obtained;

(e)      the Assignee has fully reviewed the terms of the Credit  Agreement
         and has independently and without reliance upon the Assignor,  and
         based on such information as the Assignee has deemed  appropriate,
         made its own  credit  analysis  and  decision  to enter  into this
         Agreement;

(f)      the Assignee hereby affirms that the representations  contained in
         Section  4.06(d)(i)(1)  of  the  Credit  Agreement  are  true  and
         accurate as to Assignee. If Section 4.06(d)(i)(2) is applicable to
         the   Assignee,   Assignee   shall   promptly   deliver   to   the
         Administrative  Agent and the Borrower such  certifications as are
         required  thereby to avoid the  withholding  taxes  referred to in
         Section 4.06; and

(g)      the  transactions  contemplated  by this  Agreement are commercial
         banking  transactions  entered into in the ordinary  course of the
         banking business of the Assignee.

ARTICLE VI
                               MISCELLANEOUS

Section 6.01  Notices.  All notices and other  communications  provided for
herein (including,  without  limitation,  any modifications of, or waivers,
requests  or  consents  under,  this  Agreement)  shall be given or made in
writing  (including,  without  limitation,  by telex or  facsimile)  to the
intended recipient at its "Address for Notices" specified below its name on
the signature pages hereof or, as to either party, at such other address as
shall be designated by such party in a notice to the other party.

Section  6.02  Amendment,  Modification  or Waiver.  No  provision  of this
Agreement  may be amended,  modified or waived  except by an  instrument in
writing  signed by the Assignor and the  Assignee,  and consented to by the
Administrative Agent.

Section 6.03  Successors and Assigns.  This Agreement shall be binding upon
and  inure to the  benefit  of the  parties  hereto  and  their  respective
successors and permitted assigns.  The  representations and warranties made
herein by the Assignee are also made for the benefit of the  Administrative
Agent and the  Borrower,  and the Assignee  agrees that the  Administrative
Agent and the Borrower are entitled to rely upon such  representations  and
warranties.

Section 6.04 Assignments. Neither party hereto may assign any of its rights
or obligations  hereunder except in accordance with the terms of the Credit
Agreement.

Section 6.05 Captions.  The captions and section headings  appearing herein
are included  solely for  convenience  of reference and are not intended to
affect the interpretation of any provision of this Agreement.

Section 6.06 Counterparts.  This Agreement may be executed in any number of
counterparts,  each of which  shall be  identical  and all of which,  taken
together,  shall  constitute one and the same  instrument,  and each of the
parties hereto may execute this Agreement by signing any such counterpart.

Section 6.07      Governing  Law. This  Agreement  shall be governed by, and
construed in accordance  with, the law of the State of ________________.

Section 6.08 Expenses.  To the extent not paid by the Borrower  pursuant to
the terms of the Credit  Agreement,  each party  hereto  shall bear its own
expenses in connection with the execution, delivery and performance of this
Agreement.

Section  6.09  Waiver of Jury  Trial.  EACH OF THE  PARTIES  HERETO  HEREBY
IRREVOCABLY  WAIVES,  TO THE FULLEST  EXTENT  PERMITTED BY LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL  PROCEEDING  ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

         IN WITNESS WHEREOF, the parties hereto have caused this Assignment
Agreement to be executed and delivered as of the date first above written.

<TABLE>
<CAPTION>
<S>                                           <C>
                                                     [NAME OF ASSIGNOR]


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Notices:




                                                     Facsimile No:
                                                                  -------------------------------------------------
                                                     Telephone No:
                                                                  -------------------------------------------------
                                                     Attention:
                                                               ----------------------------------------------------


                                                     [NAME OF ASSIGNEE]


                                                     By:______________________________
                                                           Name:
                                                           Title:

                                                     Address for Notices:




                                                     Facsimile No:
                                                                  -------------------------------------------------
                                                     Telephone No:
                                                                  -------------------------------------------------
                                                     Attention:
                                                               ----------------------------------------------------


</TABLE>

<PAGE>


ACKNOWLEDGED AND CONSENTED TO:

<PAGE>




THE BANK OF NOVA SCOTIA,
as the Administrative Agent


By:______________________________
      Name:
      Title:


[ASHLAND INC.


By:______________________________
      Name:
      Title:


6 To be conformed to any revised representations and warranties in the
  Credit Agreement.



<PAGE>




                                EXHIBIT F-1

                                 [RESERVED]



<PAGE>




                                EXHIBIT F-2

                                 [RESERVED]



<PAGE>




                                 EXHIBIT G

                                 [RESERVED]



<PAGE>




                                 EXHIBIT H

                  SIGNATURE PAGE FOR A REPLACEMENT LENDER


The undersigned being a "Replacement Lender" pursuant to Section 2.03(c) of
that certain 364-Day Revolving Credit Agreement,  dated as of April 2, 2004
(as amended, supplemented,  amended and restated or otherwise modified from
time to time,  the  "Credit  Agreement),  among  Ashland  Inc.,  a Kentucky
corporation,  as the Borrower, the lenders from time to time party thereto,
and The Bank of Nova Scotia, as the Administrative Agent, executes below to
evidence its agreement that as of the effective date stated below it is and
shall be for all intents  and  purposes a "Lender" as defined in the Credit
Agreement  subject  to all the terms  and  provisions  thereof  (including,
without  limitation,  Section  11.06  thereof)  with a Percentage  Share of
_____% as of said effective date and Commitment of $____________, as stated
in Annex 1 to the Credit Agreement.

Executed effective as of __________ __, 200_.

                                  [NAME OF REPLACEMENT LENDER]


                                  By:______________________________
                                  Name:
                                  Title:

                                  Lending Office for Base Rate Loans:



                                  Lending Office for Eurodollar Loans:



                                  Address for Notices:

                                 Facsimile No: -----------------------------
                                 Telephone No: -----------------------------
                                 Attention ---------------------------------




<PAGE>




                               SCHEDULE 7.03

                                 LITIGATION


Please refer to the Borrower's public filings with the SEC for a disclosure
of litigation matters.



<PAGE>




                               SCHEDULE 7.08

                            MULTIEMPLOYER PLANS


<TABLE>
<CAPTION>

Multiemployer Pension       Contributions on a Calendar Year Basis for the Prior 5 Calendar Years
Plan Names
                                   2003                2002              2001                 2000               1999
------------------------- -------------- ------------------- ------------------ ------------------- ------------------
<S>                         <C>                 <C>                 <C>                <C>                <C>
WESTERN CONFERENCE OF       $175,161.45         $187,129.98         $81,547.46         $169,835.06        $166,708.42
TEAMSTERS FAIRFIELD CA

CENTRAL STATES LOCAL        $110,360.00          $93,578.00         $75,090.00          $77,200.96         $57,632.00
#618 ST. LOUIS

CENTRAL PA TEAMSTER          $90,118.00         $159,160.00        $192,452.00         $224,081.10        $251,842.30
PENSION FUND

CENTRAL STATES LOCAL         $43,180.00          $42,755.00         $44,200.00          $45,050.00         $44,200.00
#89 LOUISVILLE

CENTRAL STATES LOCAL              $0.00               $0.00         $12,700.00          $24,365.00         $24,348.00
#364 SOUTH BEND

CENTRAL STATES LOCAL              $0.00               $0.00              $0.00               $0.00              $0.00
#236  KUTTAWA, KY

CENTRAL STATES LOCAL        $160,456.00         $140,290.00        $130,290.00         $142,859.25        $121,153.00
#781 CHICAGO

INTERNATIONAL               $186,809.00         $185,951.00        $171,542.00         $165,681.00        $160,519.00
BROTHERHOOD OF
TEAMSTERS LOCAL #705
CHICAGO

CENTRAL STATES LOCAL              $0.00               $0.00              $0.00               $0.00              $0.00
#114 CINCINNATI, OH

CENTRAL STATES LOCAL              $0.00               $0.00              $0.00               $0.00              $0.00
#135  RICHMOND, IN

Teamster Central States      $57,180.00         $152,099.00        $343,607.55          $69,390.00        $167,232.00
 Local 516
Health, Welfare
And Pension Fund

Teamsters Fringe             170,911.10          173,434.25         160,190.28          145,750.43         154,970.23
Benefit Program
3100 Broadway, Suite 300
Kansas City, MO 64111

Carpenters Fringe            156,278.92          181,194.47            101,372          117,040.44         141,541.95
Benefit Program
3100 Broadway, Suite 609
Kansas City, MO 64111

Masonry Industry Fringe       41,596.00           45,996.00          37,046.25           22,696.25          40,505.00
Benefits
10100 Santa Fe Drive
Overland Park, KS 66212

Operating Engineers                0.00         $335,184.11        $409,007.85         $167,176.82          $4,643.53
Local 101
301 East Armour Rd,
Suite 203
Kansas City, MO 64111

MoKan Ironworkers Fringe     130,714.02          189,992.86         106,567.61           81,581.22          75,545.57
9233 Ward Parkway,
Suite 364
Kansas City, MO 64111

Const. Ind. Laborers         324,402.47         $431,557.29        $466,551.59         $649,380.97        $713,045.42
Welfare
116 Commerce Dr.
Jefferson City, MO 65101

Kansas Building Trades             0.00            7,608.56          31,845.74           78,687.60          83,766.37
PO Box 5049
Topeka, KS 66605

Oklahoma Operating            57,043.30           56,048.20          78,513.97              67,262          51,412.95
Engineers
6363 E. 31st Street
Tulsa, OK 74135

Operating Engineers          687,740.65          735,132.97         568,301.86          481,121.62         387,944.80
Local 101

301 East Armour Rd,
Suite 203
Kansas City, MO 64111

Const. Ind. Laborers               0.00          331,041.98         211,724.21          166,422.28         225,545.25
Welfare
116 Commerce Dr.
Jefferson City, MO 65101

Teamsters Fringe                   0.00          $31,273.78         $44,613.91          $63,670.49         $57,230.36
Benefit Program
3100 Broadway, Suite 300
Kansas City, MO 64111

Teamsters Fringe                                                    $22,611.49          $28,745.97         $30,244.35
Benefits

Central Pension Fund                            $281,512.75        $298,756.28         $198,454.53        $198,828.95
Dept. 76
Washington, DC 20055

Construction Industry                                              $142,741.16         $144,522.05        $148,385.81
Laborers

Cement Masons Health &                                                                                     $10,127.95
Welfare

IUOE Local 627 Fringe                                                                   $23,556.89         $14,774.40
Benefits Fund

I.U.O.E. Local 513                              $536,087.79         $17,806.62               $0.00         $80,225.00
3449 Hollenberg Drive
#150
Bridgeton, MO.
63044-2496

</TABLE>

Note:  Arkhola also paid the  remaining  $91,529.66 in 2002 of the assessed
withdrawal  liability relating to Teamsters Local 373 that we reported in a
prior year.


<PAGE>




                               SCHEDULE 7.09

                                   TAXES


None.



<PAGE>



                               SCHEDULE 7.14

                           ENVIRONMENTAL MATTERS


None.




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>12
<FILENAME>ex12.txt
<DESCRIPTION>EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TEXT>
                                                                 EXHIBIT 12
                                ASHLAND INC.
             COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                               (In millions)


<TABLE>
<CAPTION>

                                                                       Years ended September 30
                                                      -----------------------------------------------------------
                                                          2000         2001        2002         2003        2004
                                                      ---------   ----------   ---------   ----------   ---------
<S>                                                   <C>         <C>          <C>         <C>          <C>
EARNINGS

Income from continuing operations                     $    272    $     390    $    115    $      94    $    398
Income taxes                                               179          266          68           44         150
Interest expense                                           189          160         133          121         112
Interest portion of rental expense                          39           40          35           33          35
Amortization of deferred debt expense                        2            2           2            2           2
Distributions in excess of (less than) earnings
    of unconsolidated affiliates                          (113)         (91)         20          (98)       (263)
                                                      ---------   ----------   ---------   ----------   ---------
                                                      $    568    $     767    $    373    $     196    $    434
                                                      =========   ==========   =========   ==========   =========

FIXED CHARGES

Interest expense                                      $    189    $     160    $    133    $     121    $    112
Interest portion of rental expense                          39           40          35           33          35
Amortization of deferred debt expense                        2            2           2            2           2
                                                      ---------   ----------   ---------   ----------   ---------
                                                      $    230    $     202    $    170    $     156    $    149
                                                      =========   ==========   =========   ==========   =========

RATIO OF EARNINGS TO FIXED CHARGES                        2.47         3.80        2.19         1.26        2.91

</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>13
<FILENAME>ex21.txt
<DESCRIPTION>EXHIBIT 21 LIST OF SUBSIDIARIES
<TEXT>
                                EXHIBIT 21

                           LIST OF SUBSIDIARIES

     Subsidiaries of Ashland Inc. ("AI") at September 30, 2004, included
the companies listed below. Ashland has numerous unconsolidated affiliates,
which are primarily accounted for on the equity method, and majority-owned
consolidated subsidiaries in addition to the companies listed below. Such
affiliates and subsidiaries are not listed below since they would not
constitute a significant subsidiary considered in the aggregate as a single
entity.
<TABLE>
<CAPTION>

                                                                Jurisdiction of                     Immediate
                        Company                                  Incorporation                      Parent*
                        -------                                  -------------                     -----------

<S>                                                           <C>                      <C>
APAC-Arkansas, Inc........................................          Delaware                          APAC
APAC-Atlantic, Inc........................................          Delaware                          APAC
APAC-Kansas, Inc..........................................          Delaware                          APAC
APAC-Mississippi, Inc.....................................          Delaware                          APAC
APAC-Missouri, Inc........................................          Delaware                          APAC
APAC-Oklahoma, Inc........................................          Delaware                          APAC
APAC-Southeast, Inc.......................................           Georgia                          APAC
APAC-Tennessee, Inc.......................................          Delaware                          APAC
APAC-Texas, Inc...........................................          Delaware                          APAC
ASH GP LLC ("ASH GP").....................................          Delaware                          AIHI
ASH LP LLC ("ASH LP").....................................          Delaware                          AIHI
Ashland Canada Corp. .....................................     Nova Scotia, Canada                    ACHBV
Ashland Canada Holdings B.V. ("ACHBV")....................         Netherlands                        AHBV
Ashland Chemical Hispania, S.L............................            Spain                           AIHI
Ashland France SAS........................................           France                           AHBV
Ashland Holdings B.V. ("AHBV")............................         Netherlands                        ATCV
Ashland International Holdings, Inc. ("AIHI").............          Delaware                           AI
Ashland Italia S.p.A......................................            Italy                    ATCV 95% - AOCV 5%
Ashland Nederland B.V.....................................         Netherlands                        AHBV
Ashland Paving And Construction, Inc. ("APAC")............          Delaware                           AI
Ashland Services B.V. ("ASBV")............................         Netherlands                        AHBV
Ashland UK Limited........................................       United Kingdom                       AHBV
Ashmont Insurance Company, Inc. ..........................           Vermont                           AI
AshOne C.V. ("AOCV") .....................................         Netherlands          ASH LP 1% - AIHI 98% - ASH GP 1%
AshTwo C.V. ("ATCV")......................................         Netherlands             AIHI 10% - AOCV 89% - ASH GP 1%
Marathon Ashland Petroleum LLC............................          Delaware                         AI 38%
Valvoline (Australia) Pty. Limited........................          Australia                         AHBV
---------------
</TABLE>

*100% of the voting  securities are owned by the immediate parent except as
otherwise indicated.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>14
<FILENAME>ex231.txt
<DESCRIPTION>EXHIBIT 23.1 CONSENT OF INDEPENDENT AUDITORS
<TEXT>
                                                              Exhibit 23.1


          CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



We consent to the incorporation by reference in the Registration  Statement
(Form  S-8  No.   33-52125)   pertaining  to  the  Ashland  Inc.   Deferred
Compensation  and Stock Incentive Plan for Non-Employee  Directors,  in the
Registration  Statement (Form S-8 No. 333-54766)  pertaining to the Amended
and Restated  Ashland Inc.  Incentive Plan, in the  Registration  Statement
(Form S-8 No.  33-32612)  pertaining to the Ashland Inc.  Employee  Savings
Plan, in the Registration  Statement (Form S-8 No. 33-55922)  pertaining to
the Ashland Inc. 1993 Stock Incentive Plan, in the  Registration  Statement
(Form S-8 No. 33-49907)  pertaining to the Ashland Inc.  Leveraged Employee
Stock Ownership Plan, in the Registration Statement (Form S-8 No. 33-62901)
pertaining  to  the  Ashland  Inc.  Deferred   Compensation  Plan,  in  the
Registration  Statement (Form S-8 No. 333-33617)  pertaining to the Ashland
Inc. 1997 Stock Incentive Plan, in the Registration Statement (Form S-3 No.
333-78675)  pertaining to the registration of 68,925 shares of Ashland Inc.
Common  Stock,  in the  Registration  Statement  (Form  S-3 No.  333-36842)
pertaining  to the  registration  of 96,600  shares of Ashland Inc.  Common
Stock, in the Registration Statement (Form S-3 No. 333-54762) pertaining to
the  registration  of 149,300 shares of Ashland Inc.  Common Stock,  in the
Registration   Statement  (Form  S-3  No.  333-82830)   pertaining  to  the
registration  of  265,100  shares of  Ashland  Inc.  Common  Stock,  in the
Registration   Statement  (Form  S-3  No.  333-105396)  pertaining  to  the
registration  of 296,385  shares of Ashland Inc.  Common Stock,  and in the
Registration  Statement (Form S-3 No. 333-69138) pertaining to the offering
of $600,000,000 of Debt  Securities,  Preferred Stock,  Depository  Shares,
Common Stock and/or  Warrants of Ashland Inc., of our report dated November
3, 2004, with respect to the consolidated financial statements and schedule
of Ashland  Inc.  and  consolidated  subsidiaries  included  in this Annual
Report (Form 10-K) for the year ended September 30, 2004.



/s/ Ernst & Young
--------------------------------------------

Cincinnati, Ohio
December 10, 2004



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>15
<FILENAME>ex311.txt
<DESCRIPTION>EXHIBIT 31.1 CERTIFICATE OF JAMES J. O'BRIEN
<TEXT>
                                                               EXHIBIT 31.1
                               CERTIFICATION

Statement Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by
Chief Executive Officer Regarding Facts and Circumstances Relating to
Exchange Act Filings.

I, James J. O'Brien, Chief Executive Officer of Ashland Inc., certify that:

1.    I have reviewed this annual report on Form 10-K of Ashland Inc.;
2.    Based on my  knowledge,  this  report  does not  contain  any  untrue
      statement  of a  material  fact  or omit to  state  a  material  fact
      necessary to make the statements made, in light of the  circumstances
      under which such statements were made, not misleading with respect to
      the period covered by this report;
3.    Based on my knowledge, the financial statements,  and other financial
      information  included in this report,  fairly present in all material
      respects the  financial  condition,  results of  operations  and cash
      flows of the registrant as of, and for, the periods presented in this
      report;
4.    The registrant's other certifying  officers and I are responsible for
      establishing and maintaining  disclosure  controls and procedures (as
      defined  in  Exchange  Act  Rules  13a-15(e)  and  15d-15(e)  for the
      registrant and have:
      a)   Designed such disclosure controls and procedures, or caused such
           disclosure  controls  and  procedures  to be designed  under our
           supervision, to ensure that material information relating to the
           registrant,  including its  consolidated  subsidiaries,  is made
           known to us by others within those entities, particularly during
           the period in which this report is being prepared;
      b)   Evaluated  the  effectiveness  of  the  registrant's  disclosure
           controls  and  procedures  and  presented  in  this  report  our
           conclusions about the  effectiveness of the disclosure  controls
           and  procedures,  as of the end of the  period  covered  by this
           report based on such evaluation; and
      c)   Disclosed in this report any change in the registrant's internal
           control  over  financial  reporting  that  occurred  during  the
           registrant's most recent fiscal quarter that occurred during the
           registrant's most recent fiscal quarter (the registrant's fourth
           fiscal  quarter  in the  case  of an  annual  report)  that  has
           materially  affected,  or is  reasonably  likely  to  materially
           affect,   the  registrant's   internal  control  over  financial
           reporting; and
5.    The  registrant's  other  certifying  officers and I have  disclosed,
      based  on  our  most  recent  evaluation  of  internal  control  over
      financial  reporting,  to the  registrant's  auditors  and the  audit
      committee of registrant's  board of directors (or persons  performing
      the equivalent functions):
      a)   All  significant  deficiencies  and material  weaknesses  in the
           design or operation of internal control over financial reporting
           which are reasonably likely to adversely affect the registrant's
           ability  to record,  process,  summarize  and  report  financial
           information; and
      b)   Any fraud, whether or not material,  that involves management or
           other employees who have a significant  role in the registrant's
           internal control over financial reporting.

     Date:  December 14, 2004

                                 /s/ James J. O'Brien
                                ----------------------------------------
                                Chief Executive Officer


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>16
<FILENAME>ex24.txt
<DESCRIPTION>EXHIBIT 24 POWER OF ATTORNEY INCLUDING RESOLUTIONS
<TEXT>
                                                                EXHIBIT 24

                         Annual Report on Form 10-K

RESOLVED, that the Corporation's Annual Report to the Securities and
Exchange Commission (the "SEC") on Form 10-K (the "Form 10-K") in the form
previously circulated to the Board in preparation for this meeting be, and
it hereby is, approved with such changes as the Chief Executive Officer,
any Vice President, the Secretary or the Corporation's counsel ("Authorized
Persons") shall approve, the execution and filing of the Form 10-K with the
SEC to be conclusive evidence of such approval; provided, however, that
without derogating from the binding effect of the above, it is understood
that an Authorized Person shall cause the distribution prior to the filing
with the SEC, of a copy of such Form 10-K to the directors in substantially
that form which is to be filed with the SEC and that each director shall
have the opportunity to review with and comment to an Authorized Person
prior to such filing;

FURTHER RESOLVED, that the Authorized Persons be, and each of them hereby
is, authorized to file with the SEC the Form 10-K and any amendments
thereto on Form 10-K/A and/or any other applicable form; and

FURTHER RESOLVED, that the Authorized Persons be, and each of them hereby
is, authorized to take all such further actions as in their judgment may be
necessary or advisable to accomplish the purposes of the foregoing
resolutions.


<PAGE>


                             POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that each of the undersigned Directors and
Officers of ASHLAND INC., a Kentucky corporation, which is about to file an
Annual Report on Form 10-K with the Securities and Exchange Commission
under the provisions of the Securities Exchange Act of 1934, as amended,
hereby constitutes and appoints JAMES J. O'BRIEN, DAVID L. HAUSRATH and
LINDA L. FOSS, and each of them, his or her true and lawful
attorneys-in-fact and agents, with full power to act without the others to
sign and file such Annual Report and the exhibits thereto and any and all
other documents in connection therewith, and any such amendments thereto,
with the Securities and Exchange Commission, and to do and perform any and
all acts and things requisite and necessary to be done in connection with
the foregoing as fully as he or she might or could do in person, hereby
ratifying and confirming all that said attorneys-in-fact and agents, or any
of them, may lawfully do or cause to be done by virtue hereof.

Dated:  December 14, 2004
<TABLE>
<CAPTION>


<S>                                                        <C>
/s/  James J. O'Brien                                      /s/   Kathleen A. Ligocki
--------------------------------------------               ---------------------------------------------
James J. O'Brien, Chairman of the Board                    Kathleen A. Ligocki, Director
and Chief Executive Officer



/s/  J. Marvin Quin                                        /s/  Patrick F. Noonan
--------------------------------------------               ---------------------------------------------
J. Marvin Quin, Senior Vice President                      Patrick F. Noonan, Director
  and Chief Financial Officer


/s/ Lamar M. Chambers                                      /s/  Jane C. Pfeiffer
-------------------------------------------                ---------------------------------------------
Lamar M. Chambers, Vice President and                      Jane C. Pfeiffer, Director
Controller


/s/ Ernest H. Drew                                         /s/ William L. Rouse, Jr.
-------------------------------------------                ---------------------------------------------
Ernest H. Drew, Director                                   William L. Rouse, Jr., Director


/s/ Roger W. Hale                                          /s/ George A. Schaefer, Jr.
-------------------------------------------                ---------------------------------------------
Roger W. Hale, Director                                    George A. Schaefer, Jr., Director


/s/ Bernadine P. Healy                                     /s/ Theodore M. Solso
-------------------------------------------                ---------------------------------------------
Bernadine P. Healy, Director                               Theodore M. Solso, Director


/s/ Mannie L. Jackson                                      Michael J. Ward
-------------------------------------------                ---------------------------------------------
Mannie L. Jackson, Director                                Michael J. Ward, Director

</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31
<SEQUENCE>17
<FILENAME>ex312.txt
<DESCRIPTION>EXHIBIT 31.2 CERTIFICATE OF J. MARVIN QUIN
<TEXT>
                                                         EXHIBIT 31.2

                               CERTIFICATION

Statement Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by
Chief Financial Officer Regarding Facts and Circumstances Relating to
Exchange Act Filings.

I, J. Marvin Quin, Chief Financial Officer of Ashland Inc., certify that:

1.    I have reviewed this annual report on Form 10-K of Ashland Inc.;
2.    Based on my  knowledge,  this  report  does not  contain  any  untrue
      statement  of a  material  fact  or omit to  state  a  material  fact
      necessary to make the statements made, in light of the  circumstances
      under which such statements were made, not misleading with respect to
      the period covered by this report;
3.    Based on my knowledge, the financial statements,  and other financial
      information  included in this report,  fairly present in all material
      respects the  financial  condition,  results of  operations  and cash
      flows of the registrant as of, and for, the periods presented in this
      report;
4.    The registrant's other certifying  officers and I are responsible for
      establishing and maintaining  disclosure  controls and procedures (as
      defined  in  Exchange  Act  Rules  13a-15(e)  and  15d-15(e)  for the
      registrant and have:
      a)   Designed such disclosure controls and procedures, or caused such
           disclosure  controls  and  procedures  to be designed  under our
           supervision, to ensure that material information relating to the
           registrant,  including its  consolidated  subsidiaries,  is made
           known to us by others within those entities, particularly during
           the period in which this report is being prepared;
      b)   Evaluated  the  effectiveness  of  the  registrant's  disclosure
           controls  and  procedures  and  presented  in  this  report  our
           conclusions about the  effectiveness of the disclosure  controls
           and  procedures,  as of the end of the  period  covered  by this
           report based on such evaluation; and
      c)   Disclosed in this report any change in the registrant's internal
           control  over  financial  reporting  that  occurred  during  the
           registrant's most recent fiscal quarter that occurred during the
           registrant's most recent fiscal quarter (the registrant's fourth
           fiscal  quarter  in the  case  of an  annual  report)  that  has
           materially  affected,  or is  reasonably  likely  to  materially
           affect,   the  registrant's   internal  control  over  financial
           reporting; and
5.    The  registrant's  other  certifying  officers and I have  disclosed,
      based  on  our  most  recent  evaluation  of  internal  control  over
      financial  reporting,  to the  registrant's  auditors  and the  audit
      committee of registrant's  board of directors (or persons  performing
      the equivalent functions):
      a)   All  significant  deficiencies  and material  weaknesses  in the
           design or operation of internal control over financial reporting
           which are reasonably likely to adversely affect the registrant's
           ability  to record,  process,  summarize  and  report  financial
           information; and
      b)   Any fraud, whether or not material,  that involves management or
           other employees who have a significant  role in the registrant's
           internal control over financial reporting.

     Date:  December 14, 2004

                                    /s/ J. Marvin Quin
                                    -------------------------------------
                                    Chief Financial Officer



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>18
<FILENAME>ex32.txt
<DESCRIPTION>EXHIBIT 32 CERTIFICATE OF JAMES J. O'BRIEN AND J. MARVIN QUIN
<TEXT>
                                                                EXHIBIT 32


                                ASHLAND INC.


                         CERTIFICATION PURSUANT TO
                          18 U.S.C. SECTION 1350,
                           AS ADOPTED PURSUANT TO
               SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Annual Report of Ashland Inc. (the "Company") on
Form 10-K for the period ended September 30, 2004 as filed with the
Securities and Exchange Commission on the date hereof (the "Report"), each
of the undersigned, James J. O'Brien, Chief Executive Officer of the
Company, and J. Marvin Quin, Chief Financial Officer of the Company,
certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002, to the best of his knowledge, that:

(1)   The  Report  fully  complies,  in all  material  respects,  with  the
      requirements of section 13(a) or 15(d) of the Securities Exchange Act
      of 1934; and

(2)   The  information  contained  in the Report  fairly  presents,  in all
      material respects,  the financial condition and results of operations
      of the Company as of and for the periods presented in the report.


The foregoing certification is provided solely for purposes of complying
with the provisions of Section 906 of the Sarbanes-Oxley Act of 2002 and is
not intended to be used or relied upon for any other purpose.

 /s/ James J. O'Brien
-----------------------------------
James J. O'Brien
Chief Executive Officer
December 14, 2004


 /s/ J. Marvin Quin
------------------------------------
J. Marvin Quin
Chief Financial Officer
December 14, 2004


A signed original of this written statement required by Section 906 has
been provided to Ashland Inc. and will be retained by Ashland Inc. and
furnished to the Securities and Exchange Commission or staff upon request.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>19
<FILENAME>ex991.txt
<DESCRIPTION>EXHIBIT 99.1 CONSENT OF TILLINGHAST-TOWERS PERRIN
<TEXT>
                                                               EXHIBIT 99.1

                    CONSENT OF TILLINGHAST-TOWERS PERRIN

     We hereby consent to being named in Ashland Inc.'s Annual Report on
Form 10-K for the year ended September 30, 2004 in the form and context in
which we are named. We do not authorize or cause the filing of such Annual
Report and do not make or purport to make any statement other than as
reflected in the Annual Report.


/s/   John W. Brumback
------------------------------------
Tillinghast-Towers Perrin
December 1, 2004


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>20
<FILENAME>ex992.txt
<DESCRIPTION>EXHIBIT 99.2 CONSENT OF HAMILTON, RABINOVITZ & ALSCHULER, INC.
<TEXT>
                                                          EXHIBIT 99.2


             CONSENT OF HAMILTON, RABINOVITZ & ALSCHULER, INC.

     We hereby  consent to being named in Ashland  Inc.'s  Annual Report on
Form 10-K for the year ended  September 30, 2004 in the form and context in
which we are named.  We do not authorize or cause the filing of such Annual
Report  and do not make or  purport  to make any  statement  other  than as
reflected in the Annual Report.


/s/ Dr. Francine F. Rabinovitz
--------------------------------------------
Hamilton, Rabinovitz & Alschuler, Inc.
December 1, 2004


</TEXT>
</DOCUMENT>
</SUBMISSION>
