Exhibit 10.4

JOINDER AGREEMENT TO INTERCREDITOR AGREEMENT

November 9, 2015

The undersigned, together with its successors and assigns (the “Purchaser”), in
connection with the 12.0% Senior Secured Notes Due 2019 (the “12.0% Notes”)
issued by LSB Industries, Inc., a Delaware corporation (the “Company”), pursuant
to that certain Note Purchase Agreement, dated as of November 9, 2015 (the “Note
Purchase Agreement”), is the “Other Pari Passu Lien Obligations Agent” for
itself and each other holder of the 12.0% Notes (collectively, the “New
Claimholders”) wishing to become “Notes Claimholders” under and as each such
term is defined in the Intercreditor Agreement dated as of August 7, 2013 (as
amended and/or supplemented from time to time, the “Intercreditor Agreement”
(terms used without definition therein having the meanings assigned to such
terms by the Intercreditor Agreement)) among the Company, the Company’s
subsidiaries party thereto, the ABL Agent thereunder and the Notes Agent
thereunder.

In consideration of the foregoing, the undersigned hereby:

 

  i. represents that it has full power and authority to become a party to the
Intercreditor Agreement on behalf of such New Claimholders and to act as Other
Pari Passu Lien Obligations Agent on behalf of such New Claimholders under the
Note Purchase Agreement;

 

  ii. agrees that its address for receiving notices pursuant to the
Intercreditor Agreement shall be as follows:

LSB FUNDING LLC

350 Park Avenue, 14th Floor

New York, NY 10022

Attn: Legal Department

with a copy to (which shall not constitute notice):

Winston & Strawn LLP

35 W. Wacker Drive

Chicago, IL 60601

Attention: Gregory J. Bynan

 

  iii. acknowledges that the Purchaser has received a copy of the Intercreditor
Agreement;

 

  iv. acknowledges on behalf of itself and the other New Claimholders that the
Obligations evidenced by the 12.0% Notes qualify as Other Pari Passu Lien
Obligations and Notes Obligations for all purposes of the Intercreditor
Agreement; and

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  v. accepts and acknowledges the terms of the Intercreditor Agreement
applicable to the Purchaser and the other Notes Claimholders and agrees on its
own behalf and on behalf of the New Claimholders to be bound by the terms
thereof applicable to holders of Notes Obligations, with all the rights, duties
and obligations of the Notes Claimholders under the Intercreditor Agreement and
to be bound by all the provisions thereof as fully as if they had been named as
Notes Claimholders on the effective date of the Intercreditor Agreement.

THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

[intentionally left blank]

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In witness whereof, the parties have caused this Joinder Agreement to be duly
executed as of the date first written above.

 

LSB FUNDING LLC,

as Other Pari Passu Lien Obligations Agent

By:  

/s/ Anthony D. Minella

Name:   Anthony D. Minella Title:   Manager

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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Acknowledged and Agreed:

WELLS FARGO CAPITAL FINANCE, INC., as ABL Agent

 

By:  

/s/ Matt Mouledous

Name:   Matt Mouledous Title:   VP UMB BANK, N.A., as Notes Agent By:  

/s/ Janet Lambert

Name:   Janet Lambert Title:   Vice President

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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The Company and the Guarantors represent

to the Purchaser, the Notes Agent and

the ABL Agent that the 12.0% Notes

meet the requirements to qualify as Other

Pari Passu Lien Obligations under and as defined

in the Intercreditor Agreement

and hereby acknowledges

and accepts this Joinder Agreement.

 

LSB INDUSTRIES, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   Interim CEO GUARANTORS: CEPOLK HOLDINGS,
INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   President CHEMEX I CORP. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   President CHEMICAL PROPERTIES L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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CHEMICAL TRANSPORT L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP CHEROKEE NITROGEN L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   President CHEROKEE NITROGEN HOLDINGS, INC.
By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP CLIMACOOL CORP. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP THE CLIMATE CONTROL GROUP, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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CLIMATECRAFT, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP CLIMATECRAFT TECHNOLOGIES, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP CLIMATE MASTER, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP CONSOLIDATED INDUSTRIES L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   President EDC AG PRODUCTS COMPANY L.L.C.
By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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EL DORADO ACID, L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP EL DORADO ACID II, L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP EL DORADO AMMONIA L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP EL DORADO CHEMICAL COMPANY By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   President EL DORADO NITRIC L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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EL DORADO NITROGEN, L.P. By El Dorado Acid, L.L.C., its general partner By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   Executive Vice President INTERNATIONAL
ENVIRONMENTAL CORPORATION By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP KOAX CORP. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP LSB CAPITAL L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP LSB CHEMICAL L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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LSB-EUROPA LIMITED By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP PRYOR CHEMICAL COMPANY By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP SUMMIT MACHINE TOOL MANUFACTURING
L.L.C. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP THERMACLIME TECHNOLOGIES, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP TRISON CONSTRUCTION, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   EVP

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]

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XPEDIAIR, INC. By:  

/s/ Daniel D. Greenwell

Name:   Daniel D. Greenwell Title:   President

 

[SIGNATURE PAGE TO JOINDER OF INTERCREDITOR AGREEMENT]