SUPPLEMENT TO SCHEDULE 1.1 OF THE TRANSFER AND ADMINISTRATION AGREEMENT (Valvoline LLC / LEX Capital LLC) December 19, 2016

Reference is made to that certain Transfer and Administration Agreement, dated as of November 29, 2016 (as amended, the “TAA”), among the signatories hereto and certain other parties. Capitalized terms used but not defined herein have the respective meanings assigned thereto in, or by reference in, the TAA.

As contemplated by clause (b) of the TAA’s definition of “Eligible Receivable,” the signatories hereto agree that Schedule 1.1 of the TAA (“Eligible Receivables Payment Terms for Certain Obligors”) is hereby supplemented as of January 1, 2017 by adding the following Obligor and related payment terms thereto:

All provisions of the TAA, as expressly amended and modified hereby this amendment, shall remain in full force and effect. This amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the TAA other than as expressly set forth herein.

This amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this amendment by facsimile or e-mail transmission shall be effective as delivery of a manually executed counterpart hereof.

This amendment constitutes a Transaction Document, and Section 11.4 of the TAA shall apply to this amendment with the same force and effect as if such Section were set forth herein in its entirety.