1.

The aircraft will be stored in Murphy’s hangar in El Dorado, Arkansas. The Aircraft may be moved by Murphy personnel for purposes of rearranging or removing other planes in the hangar. MOUSA shall have access to such equipment and tools necessary to move the aircraft and such other incidental equipment use as from time to time may be expedient.

2.

MOUSA shall be responsible for upkeep and maintenance of the Aircraft. MOUSA shall have access at all reasonable times to perform maintenance and upkeep of the Aircraft, but shall endeavor to provide notice to Murphy and work closely with Murphy on scheduling issues. FAA, NFPA and OSHA regulations do not permit the operation of aircraft engines inside storage hangar areas.

3.

The parties agree to keep their respective aircraft insured, with a  company or companies of nationally recognized responsibility and standing reasonably acceptable to the other party, for hull damage and liability for personal injuries, death or property damage, arising from or in any manner occasioned by the acts or negligence of the parties or others in custody, operation or use

of the aircraft, with losses under the hull damage policies payable to the Lessor or owner of the aircraft. In addition, Murphy agrees to maintain and keep in force Hangarkeepers Liability insurance and property damage insurance covering the Hangar building and its contents insured with a company or companies of nationally recognized responsibility and standing. MOUSA and Murphy each agree to name the other as an additional insured on said policies (except property damage on building and its contents) and have its policies endorsed to waive underwriter’s right of subrogation against the other party. Each party agrees to deliver insurance certificates confirming the insurance coverage required hereunder.

4.

Murphy and MOUSA assume liability for, and shall indemnify, protect, save and keep harmless the other party and its agents, servants, successors and assigns (an “Indemnitee”) from and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, suits, costs and expenses, including legal expenses, of whatsoever kind and nature, imposed on, incurred by or asserted against any Indemnitee, in any way relating to or arising out of such party’s performance under this agreement; provided, however, that a party shall not be required to indemnify any Indemnitee for loss or liability resulting solely from the willful misconduct or gross negligence of such Indemnitee. The provisions of this Section shall survive the expiration or earlier termination of this Hangar Rental Agreement.

5.

All risks of loss or damage to the Aircraft pursuant to this Hangar Rental Agreement, from whatever cause (except for acts or willful misconduct or gross negligence of Murphy or its officers, agent, servants or employees), are hereby assumed by MOUSA.

6.

The parties agree that monthly rent shall be $500 and shall be payable in advance on the 1^st of each month.

7.

The term of this Hangar Rental Agreement is from month to month unless and until cancelled by either party upon sixty (60) days written notice to the other.

8.

This Hangar Rental Agreement shall be construed in accordance with and governed by the laws of the State of Arkansas.

9.

All notices and other communications under this Hangar Rental Agreement shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt or refusal to accept receipt) by delivery in person, by

telefax or e-mail (with a simultaneous confirmation copy sent by first class mail properly addressed and postage prepaid), or by a reputable overnight courier service, addressed as follows:

10.

If any provision of this Hangar Rental Agreement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions shall not be affected or impaired.

11.

This Hangar Rental Agreement constitutes the entire agreement, both written and oral, among the parties and their respective representatives with respect to the subject matter hereof and is not intended to confer upon any other person any rights or remedies hereunder not expressly granted thereto. This Hangar Rental Agreement shall not be amended or modified unless in writing duly signed by the parties.

12.

This Hangar Rental Agreement may be executed in counterparts, each of which shall be deemed an original, but all counterparts shall constitute one instrument.

MURPHY OIL CORPORATION

MURPHY OIL USA, INC.

BY:

/s/ Walter K. Compton

BY:

/s/ John A. Moore

NAME:

Walter K. Compton

NAME:

John A. Moore

TITLE:

Senior Vice President and General Cousel

TITLE:

General Counsel and Secretary