Par Pacific subsidiary amends ISDA master agreement to replace LIBOR with Term SOFR

PAR PACIFIC HOLDINGS, INC.

USOR and Merrill Lynch Commodities replace LIBOR with Adjusted Term SOFR as benchmark rate in 26th amendment to First Lien ISDA Master Agreement.
Default rate changed to lower of Adjusted Term SOFR plus 5.25% per annum or highest lawful rate.
Amendment includes detailed fallback provisions for Benchmark Replacement and Conforming Changes.
Party B represents no default or termination event exists after giving effect to the amendment.

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