On January 19, 2016, Anadarko Petroleum Corporation entered into a 364-day revolving credit agreement among Anadarko, as borrower, JPMorgan Chase Bank, N.A., as the administrative agent, Wells Fargo Bank, National Association, as syndication agent, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ Ltd., Citibank, N.A., and Mizuho Bank Ltd., as co-documentation agents, and the additional lenders party thereto, providing for a 364-day senior unsecured revolving credit. The aggregate commitments of the lenders under the credit agreement are $2.0 billion. The credit agreement replaces Anadarko's 364-day senior unsecured revolving credit agreement, dated as of June 17, 2014 and available on January 23, 2015, among Anadarko, as borrower, JPMorgan Chase Bank, N.A., as the administrative agent, Wells Fargo Bank, National Association, as syndication agent, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ Ltd., Citibank, N.A., and Mizuho Bank Ltd., as co-documentation agents, and the additional lenders party thereto, which was scheduled to mature on January 22, 2016.

Anadarko will not incur any termination penalties in connection with the replacement of the prior agreement. The credit agreement will mature on January 18, 2017 and has substantially similar terms and conditions as the prior agreement. Borrowings under the credit agreement may be used by Anadarko and its subsidiaries (other than Western Gas Equity Partners, LP, Western Gas Partners, LP and their respective subsidiaries) for general corporate purposes.