Common use of ELECTRONIC TRADING SYSTEMS Clause in Contracts

ELECTRONIC TRADING SYSTEMS. Contract Administration shall coordinate the review and approval of new electronic trading systems by the Front Office. This approval will be granted following review of the business case (developed by the Front Office) and the control issues associated with the specific product. This process will include review by the Credit, Contracts and Legal departments, as well as the responsible Trading Leader(s), IT and the Middle Office Manager. Once approved for use by the Front Office, the Credit department will be responsible for maintaining control of the approved counterparty list and trading limits on electronic systems. Procedures for the use of Electronic Trading Systems will be maintained in the Front Office. Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011 EXHIBITS 37 Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011 EXHIBIT 1 - APPROVED PRODUCTS LIST I. Oil Supply and Marketing Logistics Barge / Ship Pipeline Truck Railcar Trading / Hedging Futures (NYMEX and ICE) EFPs Fixed-for-Float Swaps Basis Swaps Options (Futures and OTC) Sales / Marketing / System Supply Buy / Sell Thruputs Exchange Agreements 3rd - Party Storage Reseller Fixed Forwards Unpriced Guaranteed Differentials (UGDs) Heat Curves Downside Protection Rack Sales Prompts (including E-Commerce) E-Commerce Forwards Collars Forward Basis

ELECTRONIC TRADING SYSTEMS. Contract Administration shall coordinate the review and approval of new electronic trading systems by the Front Office. This approval will be granted following review of the business case (developed by the Front Office) and the control issues associated with the specific product. This process will include review by the Credit, Contracts and Legal departments, as well as the responsible Trading Leader(s), IT and the Middle Office Manager. Once approved for use by the Front Office, the Credit department will be responsible for maintaining control of the approved counterparty list and trading limits on electronic systems. Procedures for the use of Electronic Trading Systems will be maintained in the Front Office. Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011 EXHIBITS 37 Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011 EXHIBIT 1 - – APPROVED PRODUCTS LIST I. Oil Supply and Marketing Logistics Barge / Ship Pipeline Truck Railcar Trading / Hedging Futures (NYMEX and ICE) EFPs Fixed-for-Float Swaps Basis Swaps Options (Futures and OTC) Sales / Marketing / System Supply Buy / Sell Thruputs Exchange Agreements 3rd - 3rd-Party Storage Reseller Fixed Forwards Unpriced Guaranteed Differentials (UGDs) Heat Curves Downside Protection Rack Sales Prompts (including E-Commerce) E-Commerce Forwards Collars Forward Basis

ELECTRONIC TRADING SYSTEMS. Contract Administration shall coordinate the review and approval of new electronic trading systems by the Front Office. This approval will be granted following review of the business case (developed by the Front Office) and the control issues associated with the specific product. This process will include review by the Credit, Contracts and Legal departments, as well as the responsible Trading Leader(s), IT and the Middle Office Manager. Once approved for use by the Front Office, the Credit department will be responsible for maintaining control of the approved counterparty list and trading limits on electronic systems. Procedures for the use of Electronic Trading Systems will be maintained in the Front Office. Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011 EXHIBITS 37 Xxxxxxx Operating Resources LLC Risk Management Policy Privileged and Confidential - 12/5/2011 EXHIBIT 1 - — APPROVED PRODUCTS LIST I. Oil Supply and Marketing Logistics Barge / Ship Pipeline Truck Railcar Trading / Hedging Futures (NYMEX and ICE) EFPs Fixed-for-Float Swaps Basis Swaps Options (Futures and OTC) Sales / Marketing / System Supply Buy / Sell Thruputs Exchange Agreements 3rd - Party Storage Reseller Fixed Forwards Unpriced Guaranteed Differentials (UGDs) Heat Curves Downside Protection Rack Sales Prompts (including E-Commerce) E-Commerce Forwards Collars Forward Basis