FIRST AMENDMENT TO CALIFORNIA RESOURCES CORPORATION SUPPLEMENTAL SAVINGS PLAN

the product of (i) the Participant’s Compensation in excess of the amount specified in Code section 401(a)(17) as adjusted and in effect for the Plan Year multiplied by (ii) the sum of (x) the percentage rate (expressed as a percentage of compensation) of Employer Matching Contribution under the Savings Plan as in effect from time to time for the Plan Year (determined as if the Participant had elected to make Deferral Contributions under the Savings Plan at the minimum rate that would produce the maximum Employer Matching Contribution under the Savings Plan) and (y) the percentage rate of Employer Fixed Nonelective Contribution (which rate shall be determined based on the rate that applies to compensation above any Social Security integration level, if applicable) as in effect under the Savings Plan from time to time for the Plan Year; provided, however, that if the rate described in subclause (x) or (y) above changes during the Plan Year, then the amount described in this clause (1) shall be determined by prorating the amount determined under subclause (i) above among the different periods during which different rates of Employer Matching Contribution and Employer Fixed Nonelective Contribution are in effect for such Plan Year. By way of example, if, for the Plan Year that begins on January 1, 2016, a Participant’s Compensation in excess of the amount specified in Code section 401(a)(17) equals $100,000, the Employer Matching Contribution rate for such Plan Year changes from 7% to 2% effective as of March 7, 2016, and the Employer Fixed Nonelective Contribution rate for such Plan Year changes from 12% to 0% effective as of March 7, 2016, then the allocation pursuant to this clause (1) for such Plan Year shall equal $5,065.57, which is the sum of $3,426.23 ($100,000 x 66/366 x 19%) plus $1,639.34 ($100,000 x 300/366 x 2%); and”