Document:

Exhibit 4.8

                                                                  EXECUTION COPY

                 AMENDED AND RESTATED INTERCREDITOR AGREEMENT

      THIS AMENDED AND RESTATED INTERCREDITOR AGREEMENT (as amended, modified,
supplemented, renewed, restated or replaced in writing from time to time, the
"Agreement") is made as of February 7, 2006, by and among Quest Resource
Corporation, a Nevada corporation and Quest Cherokee, LLC, a Delaware limited
liability company (the "Borrowers"), STP Cherokee, Inc., Quest Oil & Gas
Corporation, Quest Energy Service, Inc., Ponderosa Gas Pipeline Company, Inc.,
Producers Service, Incorporated, J-W Gas Gathering, LLC, Bluestem Pipeline, LLC
and Quest Cherokee Oilfield Service, LLC, (the "Guarantors"), Guggenheim
Corporate Funding, LLC, a Delaware limited liability company, in its capacity as
administrative agent, (in such capacity, the "Senior Administrative Agent") for
itself and for each of the lenders (the "Senior Secured Term Lenders") with
respect to senior secured term loans (the "Senior Secured Term Loans") and each
of the lenders (the "Senior Secured Revolving Lenders" and, with the Senior
Secured Term Lenders, the "Senior Secured Lenders") with respect to the senior
secured revolving loans (the "Senior Secured Revolving Loans") under the Senior
Secured Credit Agreement, as defined below (collectively, the "Senior Secured
Creditor"), Guggenheim Corporate Funding LLC, a Delaware limited liability
company as administrative agent (in such capacity, the "Second Lien
Administrative Agent"), for itself and for each of the lenders (the "Second Lien
Lenders") that is or becomes a party to the Second Lien Credit Agreement, as
defined below (collectively, the "Second Lien Creditor") and Guggenheim
Corporate Funding, LLC, a Delaware limited liability company, as collateral
agent (in such capacity, the "Collateral Agent" and collectively with the Senior
Administrative Agent and the Second Lien Administrative Agent, the "Agents") for
the Senior Secured Creditor, the Second Lien Creditor and the counterparties
with respect to Swap Agreements entered into by either Borrower or any of their
Subsidiaries ("Swap Counterparties"). The Senior Secured Revolving Lenders, the
Senior Secured Term Lenders and the Second Lien Lenders are hereafter referred
to as the "Lenders." BP Corporation North America Inc. is also a party to this
Agreement, solely for purposes of Section 3 hereof. Capitalized terms not
defined in this Agreement have the meanings given them in the Senior Secured
Credit Agreement. This Agreement amends and restates in its entirety that
certain Intercreditor Agreement dated as of November 14, 2005 (the "Original
Agreement") by and among the Borrowers, the Guarantors and the Agents.

                                    RECITALS

      WHEREAS, Senior Secured Creditor has made and is continuing to make credit
accommodations available to Borrowers pursuant to the terms and provisions of
the Senior Secured Credit Agreement (as defined below);

      WHEREAS, Second Lien Creditor has made credit accommodations available to
Borrowers pursuant to the terms and provisions of a Second Lien Credit Agreement
(as defined below);

      WHEREAS, as a condition for executing and entering into the Senior Secured
Credit Agreement, the Senior Secured Creditor required that the Second Lien
Creditor's liens against the Borrowers and the Guarantors be subordinated in
favor of Senior Secured Creditor's liens under the Senior Secured Credit
Agreement and that the Second Lien Creditor make the arrangements set forth
herein with respect to right to payment and claims against the Borrowers and the
Guarantors;

<PAGE>

      WHEREAS, the parties hereto entered into the Original Agreement in order
to accommodate the Senior Secured Creditor's conditions and obtain the direct
and indirect benefits to the Borrowers and the Second Lien Creditor resulting
from the Borrowers' and Senior Secured Creditor's execution of the Senior
Secured Credit Agreement and other Senior Secured Loan Documents; and

      WHEREAS, in order to facilitate and administer the respective rights of
the Lenders with respect to the Collateral, Senior Administrative Agent, on
behalf of the Senior Secured Lenders, and Second Lien Administrative Agent on
behalf of the Second Lien Lenders, entered into the Original Agreement and
appointed Guggenheim Corporate Funding, LLC, as Collateral Agent under the
Security Documents to hold the Liens in trust for the benefit of the Senior
Secured Creditor, the Second Lien Creditor and the Swap Counterparties, subject
to the terms and conditions hereof.

      WHEREAS, the Senior Secured Revolving Lenders, the Senior Secured Term
Lenders, the Swap Counterparties and the Second Lien Lenders desire to modify
and amend certain provisions set forth in the Original Agreement regarding their
respective rights and the rights of the Swap Counterparties in the Collateral
and the application of proceeds thereof;

      WHEREAS, the parties hereto agree that the Original Agreement is hereby
amended and restated in its entirety and is of no further force and effect.

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the above recitals and the provisions
set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:

      Section 1. Definitions. For purposes of this Agreement, (a) terms defined
in the introductory paragraphs and recitals to this Agreement have the meanings
set forth therein and (b) the following terms used herein shall have the
following meanings:

            "Acceleration Notice" means a written notice from or on behalf of
      the Senior Secured Indebtedness Representative to the Second Lien Lenders
      or the Second Lien Administrative Agent or other representative designated
      pursuant to Section 17 hereof that a Senior Secured Indebtedness
      Acceleration shall have occurred and is continuing.

            "Blockage Period" means, with respect to any Senior Secured
      Indebtedness Acceleration, the period from and including the date of
      receipt by the Second Lien Lenders or the Second Lien Administrative Agent
      or other representative designated pursuant to Section 17 hereof of an
      Acceleration Notice relating thereto until the first to occur of (a) the
      date upon which the Senior Secured Indebtedness has been paid in full in
      cash, all commitments of any holder of Senior Secured Indebtedness to make
      loans or extensions of credit have terminated, and all letters of credit
      issued by Senior Secured Creditor or any Affiliate thereof have expired,
      terminated or been fully collateralized in cash, (b) the date on which the
      Senior Secured Indebtedness Default which provides the basis for such
      Acceleration Notice has been waived in writing by the applicable holder or
      holders of the Senior Secured Indebtedness or an agent or representative
      on their behalf, or has been cured, or has ceased to exist, or (c) the
      date upon which the Second Lien Lenders or the Second Lien Administrative
      Agent or other representative designated pursuant to Section 17 hereof
      shall have received notice in writing of the termination of such Blockage
      Period.

                                       2
<PAGE>

            "Collateral" shall mean any and all property which now constitutes
      or hereafter will constitute collateral or other security for payment of
      the Senior Secured Indebtedness pursuant to the Senior Secured Loan
      Documents, all amounts payable under the Swap Agreements and/or Second
      Lien Indebtedness pursuant to the Second Lien Loan Documents.

            "Collateral Agent - Related Persons" means Collateral Agent,
      together with its Affiliates, and the officers, directors, employees,
      agents and attorneys-in-fact of such Persons and Affiliates.

            "Enforcement Action" means, with respect to any Second Lien
      Indebtedness: any enforcement of any right or remedy including any
      enforcement or foreclosure of Liens granted by the Borrowers or any of the
      Guarantors to secure any or all of such Second Lien Indebtedness, any
      enforcement or foreclosure of Liens on any capital stock or other equity
      interests in either of the Borrowers or any of the Guarantors which may be
      granted by either of the Borrowers or any of the Guarantors or any holder
      of equity in either of the Borrowers to secure any or all of such Second
      Lien Indebtedness, or any other efforts to collect proceeds from either of
      the Borrowers' or any of the Guarantors' assets or properties (including
      proceeds of production) to satisfy the Second Lien Indebtedness,
      including, without limitation, the commencement, or the joining with any
      other creditor of either of the Borrowers or any Guarantor in the
      commencement of any Insolvency Proceeding against either of the Borrowers
      or any of the Guarantors; provided, that none of the following shall
      constitute an Enforcement Action: (a) acceleration of any of the Second
      Lien Indebtedness following acceleration of any of the Senior Indebtedness
      (provided that such acceleration of Senior Indebtedness has not previously
      been rescinded) or (b) actions by the Second Lien Creditor to obtain
      possession of or receive Reorganization Securities.

            "Enforcement Notice" means a written notice which states that a
      default or an event of default under any provision of the Second Lien
      Indebtedness has occurred and that Second Lien Creditor desires to take
      enforcement action as a consequence thereof.

            "Guarantors" shall mean each of the current Subsidiaries and any
      future Subsidiary of the Borrowers and any other Person which at any time
      guarantees the Senior Secured Indebtedness and the Second Lien
      Indebtedness whether now or in the future.

            "Indemnified Liabilities" means any and all liabilities,
      obligations, losses, damages, penalties, claims, demands, actions,
      judgments, suits, costs, expenses and disbursements (including reasonable
      attorney's costs and expenses) of any kind or nature whatsoever which may
      at any time be imposed on, incurred by or asserted against any Collateral
      Agent-Related Person in any way relating to or arising out of or in
      connection with (a) the execution, delivery, enforcement, performance or
      administration of this Agreement or the Security Documents, (b) the use or
      proposed use of the proceeds of any Collateral, or (c) any actual or
      prospective claim, litigation, investigation or proceeding relating to any
      of the foregoing, whether based on contract, tort or any other theory
      (including any investigation of, preparation for, or defense of any
      pending or threatened claim, investigation, litigation or proceeding).

                                       3
<PAGE>

            "Insolvency Proceeding" shall mean (a) any voluntary or involuntary
      case, action, or proceeding before any Governmental Authority having
      jurisdiction over the applicable Person or its assets relating to
      bankruptcy, reorganization, insolvency, liquidation, receivership,
      dissolution, winding-up, or relief of debtors, or (b) any general
      assignment for the benefit of creditors, composition, marshaling of assets
      for creditors, or other similar arrangement in respect of its creditors
      generally or any substantial portion of its creditors; in each case
      whether undertaken under U.S. Federal, state, or foreign law.

            "Lien" shall mean any interest in Property securing an obligation
      owed to, or a claim by, a Person other than the owner of the Property,
      whether such interest is based on the common law, statute or contract, and
      whether such obligation or claim is fixed or contingent, and including but
      not limited to (i) the lien or security interest arising from a mortgage,
      encumbrance, pledge, security agreement, conditional sale or trust receipt
      or a lease, consignment or bailment for security purposes or (ii)
      production payments and the like payable out of Oil and Gas Properties.
      The term "Lien" shall include reservations, exceptions, encroachments,
      easements, rights of way, covenants, conditions, restrictions, leases and
      other title exceptions and encumbrances affecting Property. For the
      purposes of this Agreement, the Borrowers or any Guarantor shall be deemed
      to be the owner of any Property which it has acquired or holds subject to
      a conditional sale agreement, or leases under a financing lease or other
      arrangement pursuant to which title to the Property has been retained by
      or vested in some other Person in a transaction intended to create a
      financing.

            "Lien Enforcement Action" shall mean any action, whether legal,
      equitable, judicial, non-judicial, or otherwise, to enforce any Lien now
      or in the future securing all or any indebtedness or other obligations,
      including, without limitation, exercise of any assignments of production
      or the right to receive proceeds thereof, division orders or letters in
      lieu of division orders, any offset, repossession, foreclosure, public
      sale, private sale, or retention of all or any part of an asset for any
      indebtedness or other obligations.

            "Loan Parties" shall mean, individually and collectively, Borrowers,
      Guarantors and any other Person (other than the Senior Secured Creditor,
      Swap Counterparties and the Second Lien Creditor) which is at any time a
      party to any Senior Secured Loan Documents or Second Lien Loan Documents
      or individually, a "Loan Party".

            "Non-Payment Default" means the occurrence of any event under any
      Senior Secured Loan Document, not constituting a Payment Default, which
      gives the holder(s) of such Senior Secured Indebtedness, or an agent or
      representative acting on behalf of such holder(s), the right to cause the
      maturity of such Senior Secured Indebtedness to be accelerated immediately
      without any further notice (except such notice as may be required to
      effect such acceleration) or the expiration of any applicable grace
      period.

                                       4
<PAGE>

            "Non-Payment Default Notice" means a written notice from or on
      behalf of the Senior Secured Indebtedness Representative that a
      Non-Payment Default has occurred and is continuing which identifies such
      Non-Payment Default and specifically designates such notice as a
      "Non-Payment Default Notice."

            "Notice of Default" means a Non-Payment Default Notice and/or a
      Payment Default Notice.

            "Payment Default" means a default by the Borrowers or any Guarantor
      in the payment of any amount owing with respect to the Senior Secured
      Indebtedness, whether with respect to principal, interest, premium, letter
      of credit reimbursement obligations, commitment fees or letter of credit
      fees or otherwise when the same becomes due and payable, whether at
      maturity or at a date fixed for payment of an installment or prepayment or
      by declaration or acceleration or otherwise.

            "Payment Default Notice" means a written notice from or on behalf of
      the Senior Secured Indebtedness Representative that a Payment Default with
      respect to Senior Secured Indebtedness has occurred and is continuing, and
      specifically designates such notice as a "Payment Default Notice".

            "Person" means any natural person, corporation, limited liability
      company, trust, joint venture, association, company, partnership, or other
      entity.

            "Proportionate Share" means at any time with respect to any Lender,
      the amount equal to (a) the amount of the following owed to such Lender
      and/or such Lender's Affiliates, divided by (b) without duplication the
      sum of: (i) the principal amount of Senior Secured Indebtedness then
      outstanding, including the L/C Exposure, plus (ii) the unused portion of
      the Commitments of the Senior Secured Lenders, plus (iii) the principal
      amount of the Second Lien Indebtedness then outstanding.

            "Proceeds" shall have the meaning assigned to it under the UCC, and,
      in any event, shall include, but not be limited to (a) any and all
      proceeds of any insurance, indemnity, warranty, letter of credit or
      guaranty or collateral security payable to any grantor from time to time
      with respect to any of the Collateral, (b) any and all payments (in any
      form whatsoever) made or due and payable to the owner of the Collateral
      from time to time in connection with any requisition, confiscation,
      condemnation, seizure or forfeiture of all or any part of the Collateral
      by any governmental body, authority, bureau or agency (or any Person
      acting under color of governmental authority) and (c) any and all other
      amounts from time to time paid or payable under or in connection with any
      of the Collateral.

            "Reorganization Securities" means debt or equity securities that are
      issued pursuant to an Insolvency Proceeding the payment of which is
      subordinate and junior at least to the extent provided in this Agreement
      to the payment of the Senior Secured Indebtedness outstanding at the time
      of the issuance thereof (including any refinancing of Senior Secured
      Indebtedness pursuant to an Insolvency Proceeding) and to the payment of
      all debt or equity securities issued in exchange for such Senior Secured
      Indebtedness in such Insolvency Proceeding (whether such subordination is
      effected by the terms of such securities, an order or decree issued in
      such Insolvency Proceeding, by agreement of the Second Lien Lenders or
      otherwise); provided, in either case, that such securities are authorized
      by an order or decree made by a court of competent jurisdiction in such
      Insolvency Proceeding.

                                       5
<PAGE>

            "Required Lenders" means (i) Lenders holding, in the aggregate,
      Proportionate Shares exceeding 50% and (ii) the Senior Administrative
      Agent.

            "Required Second Lien Lenders" means (i) Lenders holding, in the
      aggregate, outstanding Second Lien Indebtedness representing more than 50%
      of all outstanding Second Lien Indebtedness and (ii) the Second Lien
      Administrative Agent.

            "Required Senior Secured Revolving Lenders" means (i) Lenders
      holding commitments to make Senior Secured Revolving Loans that, in the
      aggregate, exceed 50% of the sum of all commitments to make Senior Secured
      Revolving Loans (or if such commitments have been terminated, Lenders
      holding Senior Secured Revolving Loans that, in the aggregate, exceed 50%
      of the sum of all outstanding Senior Secured Revolving Loans) and (ii) the
      Senior Administrative Agent.

            "Required Senior Secured Term Loan Lenders" means (i) Lenders
      holding outstanding Senior Secured Term Loans plus unused Commitments to
      make Senior Secured Term Loans that, in the aggregate, exceed 50% of the
      sum of all commitments to make Senior Secured Term Loans and (ii) the
      Senior Administrative Agent.

            "Second Lien Credit Agreement" means that certain Second Lien Term
      Loan Agreement dated as of November 14, 2005 among the Borrowers,
      Guggenheim Corporate Funding, LLC, as administrative agent and the
      financial institutions listed therein from time to time as Second Lien
      Lenders; as from time to time renewed, extended, amended, supplemented, or
      restated, and any agreements representing the refinancing, replacement, or
      substitution in whole or in part of the loans made or incurred under such
      Second Lien Credit Agreement.

            "Second Lien Creditor" means, individually and collectively, Second
      Lien Creditor and all other present or future holders of all or part of
      the Second Lien Indebtedness, and their respective successors and assigns.

            "Second Lien Indebtedness" shall mean and include all indebtedness,
      obligations and liabilities of any Loan Party under the Second Lien Loan
      Documents, including, without limitation, all principal and interest
      (including post-petition interest accrued subsequent to, and interest that
      would have accrued but for, the filing of any petition under any
      bankruptcy, insolvency or similar law), and other amounts payable under
      the Second Lien Loan Documents.

                                       6
<PAGE>

            "Second Lien Indebtedness Default" means the occurrence of any event
      under any Second Lien Loan Document which gives the Second Lien Creditor,
      or an agent or representative acting on behalf thereof, the right under
      the terms of the Second Lien Credit Agreement to cause the maturity of the
      Second Lien Indebtedness to be accelerated immediately without any further
      notice (except such notice as may be required to effect such acceleration)
      or the expiration of any applicable grace period.

            "Second Lien Lenders" means all Persons which now or hereafter
      constitute a "Lender" under the Second Lien Credit Agreement and their
      respective successors and assigns, and all Person refinancing any Second
      Lien Indebtedness and their respective successors and assigns.

            "Second Lien Loan Documents" means, collectively, (a) the Second
      Lien Credit Agreement, (b) the Second Lien Notes, if requested, and any
      other note, bond or other instrument evidencing Second Lien Indebtedness,
      (c) all mortgages, security agreements, pledge agreements or financing
      statements evidencing, creating or perfecting any Lien to secure the
      Second Lien Credit Agreement and the Second Lien Notes, if requested, in
      any way, (d) all guarantees thereof, (e) all other documents, instruments
      or agreements relating to the Second Lien Credit Agreement or the Second
      Lien Notes now or hereafter executed or delivered by any Loan Party,
      including without limitation each of the other the "Second Lien Loan
      Documents", and (f) all renewals, extensions, amendments, modifications or
      restatements of the foregoing.

            "Second Lien Notes" means each promissory note requested by a Second
      Lien Lender and issued under the Second Lien Credit Agreement evidencing
      the term loans made pursuant to the term thereof, as from time to time
      renewed, extended, amended, supplemented, or restated, and any agreements
      representing the refinancing, replacement, or substitution in whole or in
      part thereof.

            "Secured Parties" means the Senior Administrative Agent, the Second
      Lien Administrative Agent, each Swap Counterparty, each of the Senior
      Secured Lenders and each of the Second Lien Lenders.

            "Security Documents" means all security agreements, pledge
      agreements, deeds of trust, mortgages, financing statements, continuation
      statements, extension agreements and other agreements or instruments now,
      heretofore, or hereafter delivered by any Loan Party to secure the Senior
      Secured Indebtedness, amounts payable under the Swap Agreements and/or the
      Second Lien Indebtedness.

            "Senior Secured Credit Agreement" means that certain Amended and
      Restated Senior Credit Agreement dated as of even date herewith among the
      Borrowers, Guggenheim Corporate Funding, LLC, as administrative agent and
      the financial institutions listed therein from time to time as Senior
      Secured Lenders, as from time to time renewed, extended, amended,
      supplemented, or restated, and any agreements representing the
      refinancing, replacement, or substitution in whole or in part of the loans
      and letter of credit liabilities made or incurred under such Senior
      Secured Credit Agreement.

                                       7
<PAGE>

            "Senior Secured Creditor" means, individually and collectively,
      Senior Secured Creditor and all other present or future holders of all or
      part of the Senior Secured Indebtedness, and their respective successors
      and assigns.

            "Senior Secured Indebtedness" means and includes (a) all principal
      indebtedness for loans now outstanding or hereafter incurred, the undrawn
      portion of all Commitments (as defined in the Senior Secured Credit
      Agreement) and all letter of credit reimbursement obligations now existing
      or hereafter arising, under the Senior Secured Credit Agreement, provided
      that the aggregate outstanding principal amount of Senior Secured
      Indebtedness under this clause (a) shall not exceed $100,000,000 at any
      time, and provided further, that if the aggregate principal amount of
      Senior Secured Indebtedness (constituting principal and letter of credit
      reimbursement obligations) shall exceed $100,000,000, then the
      subordination of Liens with respect to the Second Lien Indebtedness, as
      contemplated by this Agreement to the Senior Secured Indebtedness of
      $100,000,000 or less shall not be impaired, (b) all amounts now or
      hereafter owing to any Swap Counterparty, (c) all interest accruing on the
      Senior Secured Indebtedness described in the preceding clauses (a) and
      (b), and (d) all other monetary obligations (whether now outstanding or
      hereafter incurred) for which either of the Borrowers or any of the
      Guarantors is responsible or liable as obligor, guarantor or otherwise
      under or pursuant to any of the Senior Secured Loan Documents including,
      without limitation, all fees, penalties, yield protections, breakage
      costs, damages, indemnification obligations, reimbursement obligations,
      and expenses (including, without limitation, fees and expenses of counsel
      to the Senior Indebtedness Representative and the Senior Secured Lenders)
      together with interest on the foregoing to the extent provided for in the
      Senior Secured Loan Documents. The interest described in the preceding
      clause (c) and the monetary obligations described in the preceding clause
      (d) include, without limitation, all interest and monetary obligations
      accruing after the commencement of any Insolvency Proceeding under the
      terms of the Senior Secured Loan Documents whether or not such interest or
      monetary obligations constitute an allowed claim in any such Insolvency
      Proceeding.

            "Senior Secured Indebtedness Acceleration" means, with respect to
      the Senior Secured Indebtedness, that the holder or holders of such Senior
      Secured Indebtedness, or an agent or representative on behalf of such
      holder or holders, have caused the maturity of such Senior Secured
      Indebtedness to be accelerated or the Senior Secured Indebtedness has
      otherwise been accelerated.

            "Senior Secured  Indebtedness  Default" means a Payment Default or
      a Non-Payment Default.

            "Senior Secured Indebtedness Representative" means (a) initially,
      the Senior Administrative Agent or (b) such other Person selected by the
      Majority Lenders (as such term is defined in the Senior Secured Credit
      Agreement) to replace the Senior Administrative Agent or the then Senior
      Indebtedness Representative.

            "Senior Secured Lenders" means all Persons which now or hereafter
      constitute "Lenders" under the Senior Secured Credit Agreement and their
      respective successors and assigns, and all Persons refinancing any Senior
      Secured Indebtedness and their respective successors and assigns.

                                       8
<PAGE>

            "Senior Secured Loan Documents" means, collectively, (a) the Senior
      Secured Credit Agreement and the Swap Agreements, (b) any note, bond or
      other instrument evidencing Senior Secured Indebtedness, (c) all
      mortgages, security agreements, pledge agreements or financing statements
      evidencing, creating or perfecting any Lien to secure the Senior Secured
      Indebtedness in any way, (d) all guarantees of the Senior Secured
      Indebtedness, (e) all other documents, instruments or agreements relating
      to the Senior Secured Indebtedness now or hereafter executed or delivered
      by any Loan Party, including without limitation each of the other the
      "Loan Documents" as such term is defined in the Senior Secured Credit
      Agreement, and (f) all renewals, extensions, amendments, modifications or
      restatements of the foregoing.

            "Standstill Period" means the period beginning with the date of
      delivery of the notice by the Second Lien Lenders or the Second Lien
      Administrative Agent as set forth in Section 12(a) hereof and ending on
      the earliest of (a) the date when the Second Lien Indebtedness Default
      giving rise to such Standstill Period has been cured or waived in writing,
      (b) the date upon which the Senior Secured Indebtedness has been paid in
      full in cash, all commitments of any holder of Senior Secured Indebtedness
      to make loans or extensions of credit have terminated, and all letters of
      credit issued by Senior Secured Creditor or any Affiliate thereof have
      expired, terminated or been fully collateralized in cash, (c) the date on
      which the Senior Secured Indebtedness shall have been declared due and
      payable prior to its stated maturity and (d) the date upon which any
      Insolvency Proceeding is commenced; provided that the total duration of
      all Standstill Periods shall not exceed 120 days in any consecutive 365
      day period.

            "Subsidiary" means: (a) any Person of which at least a majority of
      the outstanding Equity Interests having by the terms thereof ordinary
      voting power to elect a majority of the board of directors, managers or
      other governing body of such Person (irrespective of whether or not at the
      time Equity Interests of any other class or classes of such Person shall
      have or might have voting power by reason of the happening of any
      contingency) is at the time directly or indirectly owned or controlled by
      the Borrowers or one or more of their respective Subsidiaries or by one of
      the Borrowers or one or more of its Subsidiaries and (b) any partnership
      of which one of the Borrowers or any of its Subsidiaries is a general
      partner. Unless otherwise indicated herein, each reference to the term
      "Subsidiary" shall mean a Subsidiary of one of the Borrowers.

            "Swap Agreement" means, at any date of determination, any agreement
      entered into by either Borrower or any of their Subsidiaries that is in
      full force and effect with respect to any swap, forward, future or
      derivative transaction, collar or option or similar agreement, whether
      exchange traded, "over-the-counter" or otherwise, involving, or settled by
      reference to, one or more rates, currencies, commodities, equity or debt
      instruments or securities, or economic, financial or pricing indices or
      measures of economic, financial or pricing risk or value or any similar
      transaction or any combination of these transactions; provided that no
      phantom stock or similar plan providing for payments only on account of
      services provided by current or former directors, officers, employees or
      consultants of the Borrowers or their Subsidiaries shall be a Swap
      Agreement.

                                       9
<PAGE>

            "Swap Counterparty" means any party to a Swap Agreement other than
      Borrower or any Subsidiary of Borrower and, initially shall be BP
      Corporation North America Inc.

            "UCC" shall mean the Uniform Commercial Code as in effect from time
      to time in the State of New York.

      Section 2. General. (a) Notwithstanding any provision of the Second Lien
Loan Documents, the Liens securing the Second Lien Indebtedness shall be
subordinate and junior to the Liens securing all or any part of any of the
Senior Secured Indebtedness to the extent and in the manner provided in this
Agreement and each Second Lien Lender, by acceptance thereof whether upon
original issuance, transfer, assignment or exchange, agrees to be bound by the
provisions of this Agreement.

      (b) Notwithstanding any provision of the Senior Secured Loan Documents,
the Liens securing all or any part of the Senior Secured Term Loans shall be
subordinate and junior to the Liens securing the Senior Secured Revolving Loans
to the extent and in the manner provided in this Agreement and each Senior
Secured Term Lender, by acceptance thereof whether upon original issuance,
transfer, assignment or exchange, agrees to be bound by the provisions of this
Agreement.

      (c) At any time when an event of default has occurred and is continuing
under the terms of any Swap Agreement, the Swap Counterparty under that Swap
Agreement may deliver a written notice to that effect to the Senior
Administrative Agent and/or the Collateral Agent.

      Section 3. Collateral Agent Appointment. Powers, Duties and Immunities.
                 ------------------------------------------------------------

      (a) Pursuant to the Security Documents executed by, or in favor of, the
Senior Administrative Agent, the Loan Parties have granted Liens in favor of the
Senior Administrative Agent in the Collateral. Pursuant to the Security
Documents executed by, or in favor of, Second Lien Administrative Agent, the
Loan Parties have granted Liens in favor of the Second Lien Administrative Agent
in the Collateral. Each of the Senior Secured Creditor, the Second Lien Creditor
and the Swap Counterparty that is a signatory hereto hereby irrevocably appoints
and authorizes Guggenheim Corporate Funding, LLC to act as Collateral Agent
under the Security Documents on the terms and conditions set forth in this
Agreement and Guggenheim Corporate Funding, LLC, hereby accepts such appointment
and shall have all of the rights and obligations of the Collateral Agent
hereunder and of the Senior Administrative Agent and the Second Lien
Administrative Agent under the Security Documents.

      (b) Each Lender hereby authorizes Collateral Agent to do the following in
accordance with the terms of this Agreement and the Security Documents:

            (i) to receive all documents and items to be furnished from time to
      time to Collateral Agent, Senior Administrative Agent, Second Lien
      Administrative Agent or any Lender under the Security Documents;

                                       10
<PAGE>

            (ii) to distribute to Senior Administrative Agent and Second Lien
      Administrative Agent information, requests, documents, and other items
      received from the Loan Parties and other Persons under the Security
      Documents;

            (iii) to execute and deliver to Borrowers and other Persons
      requests, demands, notices, approvals, consents, waivers, and other
      communications received from Senior Administrative Agent and Second Lien
      Administrative Agent in connection with the Security Documents and
      herewith subject to the terms and conditions set forth therein and herein;

            (iv) to receive on behalf of Senior Administrative Agent and Second
      Lien Administrative Agent any payment of monies paid to Collateral Agent
      in accordance with this Agreement and the Security Documents, and to
      distribute to Senior Administrative Agent and/or Second Lien
      Administrative Agent for the account of the applicable Lenders in
      accordance with the terms of this Agreement such monies so received by
      such Senior Administrative Agent and/or Second Lien Administrative Agent;

            (v) to act on behalf of Lenders and the Swap Counterparties at the
      direction of Senior Administrative Agent and/or Second Lien Administrative
      Agent to maintain the perfection and priority of the Liens created under
      the Security Documents;

            (vi) subject to the terms and conditions of the Security Documents
      and this Agreement, to exercise on behalf of Senior Administrative Agent
      all Lien Enforcement Actions and, subject to the terms and conditions of
      this Agreement to exercise on behalf of Second Lien Administrative Agent
      all Lien Enforcement Actions permitted hereunder; and

            (vii) subject to the terms and conditions of the Security Documents
      and this Agreement, to take such other actions as may be directed by
      Senior Administrative Agent and/or Second Lien Administrative Agent as are
      reasonably incident to any powers granted to Collateral Agent hereunder.

      (c) Notwithstanding any provision to the contrary contained elsewhere
herein or in any Senior Secured Loan Document, Swap Agreement or Second Lien
Loan Document, the Collateral Agent shall not have any duties or
responsibilities, except those expressly set forth herein, nor shall the
Collateral Agent have or be deemed to have any fiduciary relationship with any
Lender, Swap Counterparty or participant, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any Senior Secured Loan Document, Swap Agreement or Second Lien
Loan Document or otherwise exist against the Collateral Agent. Without limiting
the generality of the foregoing sentence, the use of the term "agent" herein
with reference to the Collateral Agent is not intended to connote any fiduciary
or other implied (or express) obligations arising under agency doctrine of any
applicable law. Instead, such term is used merely as a matter of market custom,
and is intended to create or reflect only an administrative relationship between
independent contracting parties. The Lenders and the Swap Counterparties
irrevocably authorize the Collateral Agent, at its option and in its discretion,
to release any lien on or security interest in any Collateral (i) if the
property subject to such lien or security interest is permitted to be sold or
otherwise transferred pursuant to the Senior Secured Credit Agreement or such
lien is otherwise permitted to be released pursuant to the Senior Secured Loan
Documents and (ii) upon termination of and payment in full of all Senior Secured
Indebtedness and Second Lien Indebtedness (other than contingent indemnification
obligations).

                                       11
<PAGE>

      (d) The Collateral Agent may execute any of its duties under this
Agreement or the Security Documents by or through agents, employees or
attorneys-in-fact and shall be entitled to advice of counsel and other
consultants or experts concerning all matters pertaining to such duties. The
Collateral Agent shall not be responsible for the negligence or misconduct of
any agent or attorney-in-fact that it selects in the absence of gross negligence
or willful misconduct.

      (e) No Collateral Agent-Related Person shall (i) be liable for any action
taken or omitted to be taken by any of them under or in connection with this
Agreement or the Security Documents or the transactions contemplated hereby and
thereby including but not limited to those arising from its own negligence
(except for its own gross negligence or willful misconduct in connection with
its duties expressly set forth herein), or (ii) be responsible in any manner to
any Lender, Swap Counterparty or participant for any recital, statement,
representation or warranty made by the Loan Parties, or any officer thereof,
contained herein or in the Security Documents, or in any certificate, report,
statement or other document referred to or provided for in, or received by the
Collateral Agent under or in connection with, this Agreement or the Security
Documents, or the validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or the Security Documents, or for any failure of
the Loan Parties to perform their obligations hereunder or thereunder. No
Collateral Agent-Related Person shall be under any obligation to any Lender or
participant to ascertain or to inquire as to the observance or performance of
any of the agreements contained in, or conditions of, this Agreement, the Senior
Secured Loan Documents, the Second Lien Loan Documents, this Agreement, the
Security Documents, or to inspect the properties, books or records of the Loan
Parties.

      (f) The Collateral Agent shall be entitled to rely, and shall be fully
protected in relying, upon any writing, communication, signature, resolution,
representation, notice, consent, certificate, affidavit, letter, telegram,
facsimile, telex or telephone message, electronic mail message, statement or
other document or conversation reasonably believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons,
and upon advice and statements of legal counsel (including counsel to the Loan
Parties), independent accountants and other experts selected by the Collateral
Agent. The Collateral Agent shall be fully justified in failing or refusing to
take any action under the Security Documents unless it shall first receive such
advice or concurrence of Senior Administrative Agent as it deems appropriate
and, if it so requests, it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense which may be incurred by it by
reason of taking or continuing to take any such action. The Collateral Agent
shall in all cases be fully protected in acting, or in refraining from acting,
under this Agreement or the Security Documents in accordance with a request or
consent of Senior Administrative Agent and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders and Swap
Counterparties.

                                       12
<PAGE>

      (g) The Collateral Agent shall not be deemed to have knowledge or notice
of the occurrence of any "Default" or "Event of Default" under the Senior
Secured Credit Agreement, the Second Lien Credit Agreement, the Security
Documents or any Swap Agreement (as "Default" or "Event of Default" is defined
in any of such documents), unless the Collateral Agent shall have received
written notice from the Senior Administrative Agent or Second Lien
Administrative Agent, as applicable, or the Swap Counterparty or a Borrower,
describing such "Default" or "Event of Default" and stating that such notice is
a "notice of default." The Collateral Agent will notify Senior Administrative
Agent and the Second Lien Administrative Agent of its receipt of any such
notice. The Collateral Agent shall take such action with respect to the
Collateral after any such "Default" or "Event of Default" as may be directed by
Senior Administrative Agent in accordance with the terms hereof until the Senior
Secured Indebtedness has been paid in full in cash and all Commitments under the
Senior Secured Credit Agreement have been terminated and thereafter as directed
by the Second Lien Administrative Agent in accordance with the terms of hereof.
Unless and until the Collateral Agent has received any such direction, the
Collateral Agent shall not be obligated to take such action with respect to such
"Default" or "Event of Default". Furthermore, the Collateral Agent may (but
shall not be obligated to) take action hereunder to the extent necessary to
maintain insurance on the Collateral or otherwise protect the Collateral from
damage or destruction.

      (h) Each Lender acknowledges that no Collateral Agent-Related Person has
made any representation or warranty to it, and that no act by the Collateral
Agent hereafter taken, including any consent to and acceptance of any assignment
or review of the affairs of the Loan Parties, shall be deemed to constitute any
representation or warranty by any Collateral Agent-Related Person to any Lender
as to any matter, including whether Collateral Agent-Related Persons have
disclosed material information in their possession. Each Lender and Swap
Counterparty represents to the Collateral Agent that it has, independently and
without reliance upon any Collateral Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal
of and investigation into the business, prospects, operations, property,
financial and other condition and creditworthiness of the Loan Parties, and all
applicable bank or other regulatory laws relating to the transactions
contemplated hereby, and made its own decision to enter into the Senior Secured
Loan Documents or Second Lien Loan Documents, as applicable, and this Agreement
and to extend credit to Borrowers under the applicable credit agreement. Each
Lender and each Swap Counterparty also represents that it will, independently
and without reliance upon any Collateral Agent-Related Person and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking
action under this Agreement and the Senior Secured Loan Documents, Swap
Agreement or Second Lien Loan Documents, as applicable, and to make such
investigations as it deems necessary to inform itself as to the business,
prospects, operations, property, financial and other condition and
creditworthiness of the Loan Parties. Except for notices, reports and other
documents expressly required to be furnished to Senior Administrative Agent or
Second Lien Administrative Agent by the Collateral Agent herein, the Collateral
Agent shall not have any duty or responsibility to provide any Lender or Swap
Counterparty with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or
creditworthiness of any of the Loan Parties which may come into the possession
of any Collateral Agent-Related Person.

                                       13
<PAGE>

      (i) The Lenders shall indemnify upon demand each Collateral Agent-Related
Person (to the extent not reimbursed by or on behalf of the Loan Parties and
without limiting the obligation of the Loan Parties to do so), to the extent of
each Lender's Proportionate Share, and hold harmless each Collateral
Agent-Related Person from and against any and all Indemnified Liabilities
incurred by it, including but not limited to those arising from its own
negligence; PROVIDED, HOWEVER, THAT NO LENDER SHALL BE LIABLE FOR THE PAYMENT TO
ANY COLLATERAL AGENT-RELATED PERSON OF ANY PORTION OF SUCH INDEMNIFIED
LIABILITIES TO THE EXTENT DETERMINED IN A FINAL, NONAPPEALABLE JUDGMENT BY A
COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH COLLATERAL
AGENT-RELATED PERSON'S OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT; provided
further, however, that no action taken in accordance with the directions of
Senior Administrative Agent or Second Lien Administrative Agent shall be deemed
to constitute gross negligence or willful misconduct for purposes of this
Section 3(i). Without limitation of the foregoing, each Lender shall reimburse
the Collateral Agent upon demand for its ratable share of any costs or
out-of-pocket expenses (including reasonable attorney's fees and expenses)
incurred by the Collateral Agent in connection with the preparation, execution,
delivery, administration, modification, amendment or enforcement (whether
through negotiations, legal proceedings or otherwise) of, or legal advice in
respect of rights or responsibilities under, this Agreement or the Security
Documents to the extent that the Collateral Agent is not reimbursed for such
expenses by or on behalf of the Loan Parties. The undertaking in this Section
3(i) shall survive termination of the Senior Secured Credit Agreement and the
Second Lien Credit Agreement.

      (j) Guggenheim Corporate Funding, LLC, and its Affiliates may make loans
to, issue letters of credit for the account of, accept deposits from, acquire
equity interests in, enter into hedging and derivative agreements, and generally
engage in any kind of banking, trust, financial advisory, underwriting or other
business with the Loan Parties as though Guggenheim Corporate Funding, LLC were
not the Collateral Agent hereunder and without notice to or consent of the
Lenders. The Lenders acknowledge that, pursuant to such activities, Guggenheim
Corporate Funding, LLC or its Affiliates may receive information regarding the
Loan Parties (including information that may be subject to confidentiality
obligations in favor of the Loan Parties) and acknowledge that the Collateral
Agent shall be under no obligation to provide such information to them. With
respect to the Collateral, Guggenheim Corporate Funding, LLC shall have the same
rights and powers under this Agreement and the Security Documents as any other
Lender and may exercise such rights and powers as though it were not the
Collateral Agent, and the terms "Lender" and "Lenders" include Guggenheim
Corporate Funding, LLC in its individual capacity.

      (k) Successor Collateral Agent.

      (i) The Collateral Agent may resign as Collateral Agent upon not less than
20 days' notice to the Lenders, with such resignation to take effect upon the
acceptance by a successor Collateral Agent of its appointment as the Collateral
Agent hereunder. In addition in the event the Collateral Agent is no longer a
Lender or the Senior Administrative Agent, the Required Lenders may remove the
Collateral Agent by giving written notice thereof to the Collateral Agent at
least 20 days' prior to the effective date of such removal. Upon any such
resignation or removal, the Required Lenders shall have the right to appoint a
successor Collateral Agent. If no successor Collateral Agent shall have been so
appointed and shall have accepted such appointment in writing within 20 days
after the retiring Collateral Agent's giving of notice of resignation or its
removal, then the retiring Collateral Agent may, on behalf of the Lenders,
appoint a successor Collateral Agent which meets the eligibility requirements of
paragraph (k)(iii) below. Upon acceptance of appointment as Collateral Agent,
such successor shall thereupon and forthwith succeed to and become vested with
all the rights, powers and privileges, immunities and duties of the retiring
Collateral Agent, the term "Collateral Agent" shall mean such successor
Collateral Agent, and the retiring Collateral Agent, upon the transferring and
setting over to such successor Collateral Agent all rights, moneys and other
collateral held by it in its capacity as Collateral Agent, shall be discharged
from its duties and obligations hereunder. After any retiring Collateral Agent's
resignation or removal hereunder as Collateral Agent, the provisions of this
paragraph (k)(i) shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Collateral Agent under this Agreement.

                                       14
<PAGE>

            (ii) Any successor Collateral Agent appointed hereunder shall
      execute, acknowledge and deliver to Borrowers, the Senior Administrative
      Agent, the Senior Secured Lenders, the Second Lien Administrative Agent,
      the Second Lien Lenders and the predecessor Collateral Agent an instrument
      accepting such appointment, and thereupon such successor Collateral Agent,
      without any further act, deed, conveyance or transfer, shall become vested
      with the title to the Collateral, and with all the rights, powers, duties
      and obligations of the predecessor Collateral Agent in the trust
      hereunder, with like effect as if originally named as Collateral Agent
      herein. Upon the request of any such successor Collateral Agent, Borrowers
      and the predecessor Collateral Agent shall promptly execute and deliver
      such instruments of conveyance and further assurance reflecting terms
      consistent with the terms of the Senior Secured Loan Documents and the
      Second Lien Loan Documents then in effect and do such other things as may
      reasonably be required for more fully and certainly vesting and confirming
      in such successor Collateral Agent its interest in the Collateral and all
      such rights, powers, duties and obligations of the predecessor Collateral
      Agent hereunder, and the predecessor Collateral Agent shall also promptly
      assign and deliver to the successor Collateral Agent any Collateral
      subject to the lien and security interest of this Agreement which may then
      be in its possession.

            (iii) Any successor Collateral Agent appointed by a retiring
      Collateral Agent pursuant to paragraph (k)(i) above shall be a state or
      national bank or trust company in good standing, organized under the laws
      of the United States of America or of any state, having a capital, surplus
      and undivided profits aggregating at least $500,000,000 and whose
      certificates of deposit have a Satisfactory Rating, if there be such a
      bank or trust company willing and able to accept the duties hereunder upon
      reasonable and customary terms. As used in this paragraph (k)(iii), the
      term "Satisfactory Rating" means, with respect to any Person, that such
      Person and its bank deposits or other short term credit obligations have
      both a short-term bank deposit rating of Prime-2 or better from Moody's
      Investors Service, Inc. and a short term credit obligation rating of A-3
      or better from Standard and Poor's Rating Service, a division of The
      McGraw-Hill Companies.

            (iv) Any corporation or limited liability company into which the
      Collateral Agent may be merged or with which it may be consolidated, or
      any corporation or limited liability company resulting from any merger or
      consolidation to which the Collateral Agent shall be a party, shall be the
      successor of the Collateral Agent hereunder without the execution or
      filing of any paper or any further act on the part of any of the parties
      hereto, anything to the contrary contained herein notwithstanding.

                                       15
<PAGE>

      (l) Whenever Collateral Agent in good faith determines that it is
uncertain about how to distribute any funds which it has received, or whenever
Collateral Agent in good faith determines that there is any dispute among
Lenders and/or Swap Counterparties about how such funds should be distributed,
Collateral Agent may choose to defer distribution of the funds which are the
subject of such uncertainty or dispute. If Collateral Agent in good faith
believes that the uncertainty or dispute will not be promptly resolved, or if
Collateral Agent is otherwise required to invest funds pending distribution to
Lenders, Collateral Agent shall invest such funds pending distribution; all
interest on any such investment shall be distributed upon the distribution of
such investment and in the same proportion and to the same Persons as such
investment. All moneys received by Collateral Agent for distribution to Lenders
and Swap Counterparties shall be held by Collateral Agent pending such
distribution solely as Collateral Agent for such Lenders and Swap
Counterparties, and Collateral Agent shall have no equitable title to any
portion thereof except in its separate capacity as a Lender.

      (m) The Second Lien Administrative Agent and each Second Lien Lender
hereby waives and agrees not to assert: (i) any right, now or hereafter
existing, to require Collateral Agent or the Senior Secured Creditor to proceed
against or exhaust any Collateral at any time securing the Senior Secured
Indebtedness or amounts payable under any Swap Agreement, or to marshal any
assets in favor of Second Lien Administrative Agent, any Second Lien Lender or
any other holder of Second Lien Indebtedness or to receive notice that the
Collateral Agent has elected to, or is pursuing, remedies against the
Collateral; and (ii) any notice of the incurrence of Senior Secured
Indebtedness, it being understood that Senior Secured Lenders may, in reliance
upon these subordination provisions, make advances under the Senior Secured Loan
Documents, or any other agreement, document, or instrument now or hereafter
relating to the Senior Secured Indebtedness (in compliance with the terms of
this Agreement), without notice to or authorization of Second Lien
Administrative Agent.

      (n) For the limited purpose of perfecting the security interests of the
Senior Secured Creditor and the Second Lien Creditor in those types or items of
Collateral in which a security interest may only be perfected by possession or
control, each of the Senior Administrative Agent and the Second Lien
Administrative Agent hereby appoints the Collateral Agent as its agent and
bailee for the limited purpose of possessing or controlling on its behalf any
such Collateral that is in or may come into the possession of the Collateral
Agent from time to time, and the Collateral Agent agrees to act as the agent and
bailee for such limited purpose of perfecting the Senior Administrative Agent's
and the Second Lien Administrative Agent's security interests by possession or
control through an agent or bailee.

                                       16
<PAGE>

      (o) Notwithstanding anything contained herein to the contrary, the Senior
Administrative Agent shall not provide any advice, concurrence, request, consent
or direction to Collateral Agent under Section 3(f) or Section 3(g) hereof
unless instructed to do so by Required Senior Secured Revolving Lenders (or if
the Senior Secured Indebtedness described in clauses (i) through (iv) of Section
5 has been paid in full, by Required Senior Secured Tern Lenders, if
applicable). Upon the occurrence and during the continuance of a Senior Secured
Indebtedness Default, Senior Administrative Agent shall (and is hereby
authorized by the parties hereto to), after its receipt of written demand by
Required Senior Secured Revolving Lenders (or if the Senior Secured Indebtedness
described in clauses (i) through (iv) of Section 5 has been paid in full, by the
Required Senior Secured Term Lenders, if applicable), accelerate the maturity of
the Senior Secured Indebtedness and direct Collateral Agent to commence and
diligently pursue in good faith the exercise of its enforcement rights or
remedies against, and take action to enforce its Liens on, the Collateral as
directed by the Required Senior Secured Revolving Lenders (or if the Senior
Secured Indebtedness described in clauses (i) through (iv) of Section 5 has been
paid in full, by Required Senior Secured Term Lenders, if applicable) and
exercise such rights and remedies by the terms of the Senior Secured Loan
Documents and/or under applicable law (including, without limitation, any or all
of the following as directed by the Required Senior Secured Revolving Lenders
(or if the Senior Secured Indebtedness described in clauses (i) through (iv) of
Section 5 has been paid in full, by the Required Senior Secured Term Lenders):
solicitation of bids from third parties to conduct the liquidation of all or a
material portion of Collateral, the engagement or retention of sales brokers,
marketing agents, investment bankers, accountants, appraisers, auctioneers or
other third parties for the purposes of valuing, marketing, promoting, and
selling a material portion of the Collateral, the opposition of the use of cash
collateral or sale of assets in an Insolvency Proceeding, seeking to obtain
relief from any stay imposed by applicable law governing an Insolvency
Proceeding, the commencement of any action to foreclose on its Lien on all or
any material portion of the Collateral, notification of account debtors to make
payments to the Collateral Agent or its agents, any action to take possession of
all or any material portion of the Collateral or commencement of any legal
proceedings or actions against or with respect to all or any material portion of
the Collateral); provided that (A) such Senior Secured Indebtedness Default has
not been waived or cured, (B) in the good faith determination of Collateral
Agent, taking such enforcement action is permitted under the terms of the Senior
Secured Loan Documents and applicable law, and (C) taking such enforcement
action will not result in any liability of any Agent or any Lender to any Loan
Party. From and after the date upon which the Senior Secured Indebtedness has
been paid in full in cash, all commitments of any holder of Senior Secured
Indebtedness to make loans or extensions of credit have terminated, and all
letters of credit issued by Senior Secured Creditor or any Affiliate thereof
have expired, terminated or been fully collateralized in cash, the right to
provide any advice, concurrence, consent and direction to the Collateral Agent
that is to be provided by the Senior Administrative Agent pursuant to the terms
of this Section 3(o) shall be provided by the Second Lien Administrative Agent,
when instructed to do so by the Required Second Lien Lenders.

                                       17
<PAGE>

      Section 4. Collateral Accounts

      (a) The Collateral Agent shall maintain one or more accounts (the
"Collateral Accounts") into which shall be deposited all amounts received by it
in its capacity as the Collateral Agent, in respect of any Senior Secured Loan
Document or Second Lien Loan Document, including all proceeds of Collateral. The
Collateral Accounts referred to in the preceding sentence shall be established
and maintained for the benefit of all Secured Parties. The Collateral Agent, for
the benefit of the Agents, the Lenders and the Swap Counterparties, shall have
exclusive dominion and control over the Collateral Accounts.

      (b) Prior to the delivery of Notice of Default, any amounts deposited in
the Collateral Accounts shall be disbursed to the Borrowers. After the delivery
of a Notice of Default, except as otherwise set forth herein, all amounts
deposited in the Collateral Accounts shall be disbursed only as provided in
Section 5 hereof.

   Section 5. Application of Proceeds. After delivery of a Notice of Default but
prior to delivery of an Acceleration Notice all amounts deposited in the
Collateral Accounts shall be applied in the following order of priority:

            (i) first, to pay obligations in respect of any expense
      reimbursements, indemnities or other liabilities then due to any Agent
      until such obligations have been paid in full;

            (ii) second, to pay obligations in respect of any fees then due to
      any Agent or the Issuing Bank until such obligations have been paid in
      full;

            (iii) third, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Senior Secured Indebtedness,
      interest, fees, expense reimbursements, indemnities and other
      non-accelerated regularly scheduled amounts due and unpaid in respect of
      any Swap Agreement, and interest, fees, expense reimbursements and
      indemnities due and unpaid with respect to the Second Lien Indebtedness
      until such amounts have been paid in full;

            (iv) fourth, to (A) pay all other amounts due and payable pursuant
      to the terms of any Swap Agreement, (B) pay the principal amount
      outstanding of the Senior Secured Revolving Loans and (C) pay
      reimbursement obligations with respect to any letter of credit and to cash
      collateralize the LC Exposure under the Senior Secured Credit Agreement
      until all such amounts have been paid in full;

            (v) fifth, to pay the principal amounts due and unpaid of the Senior
      Secured Term Loans until all such amounts have been paid in full;

            (vi) sixth, to pay the principal amounts due and unpaid of the
      Second Lien Indebtedness until all such amounts have been paid in full;

            (vii) seventh, to the Borrowers;

                                       18
<PAGE>

provided, however, if sufficient funds are not available to fund all payments to
be made in respect of any of the obligations described in any one of the
foregoing clauses (i) through (vi), the available funds being applied with
respect to any such obligations referred to in such clause shall be allocated to
the payment of such obligations ratably, based on the proportion of each
Agent's, each Lender's, each Swap Counterparty's or the Issuing Bank's interest
in the aggregate outstanding obligations described in such clause. No obligation
shall be considered paid in full unless paid in cash.

      Section 6. Senior Secured Indebtedness Acceleration. (a) Except under
circumstances when the terms of Section 9 of this Agreement are applicable, if
(i) a Senior Secured Indebtedness Acceleration shall have occurred and be
continuing and (ii) the Second Lien Lenders or the Second Lien Administrative
Agent or other representative shall have received an Acceleration Notice, then
neither of the Borrowers nor any Guarantor may make, and no Second Lien Lender
shall accept, receive or collect, any direct or indirect payment or distribution
of any kind or character (in cash, securities, other Property, by setoff, or
otherwise other than Reorganization Securities) of any properties or assets of
the Borrowers or any of the Guarantors on account of the Second Lien
Indebtedness during the related Blockage Period; provided, however, that in the
case of any payment on or in respect of any Second Lien Indebtedness that would
(in the absence of any such Acceleration Notice) have been due and payable on
any date (a "Scheduled Payment Date") during such Blockage Period pursuant to
the terms of the Second Lien Credit Agreement or the Second Lien Notes, if
requested, as in effect on the date hereof or as amended consistent with the
provisions of Section 15 of this Agreement, the provisions of this Section 6
shall not prevent the making and acceptance of such payment (a "Scheduled
Payment"), together with any additional default interest as is due on Second
Lien Credit Agreement or the Second Lien Notes, on or after the date immediately
following the termination of such Blockage Period. In the event that,
notwithstanding the foregoing, either of the Borrowers or any of the Guarantors
shall make any payment or distribution to any Second Lien Lender prohibited by
the foregoing provisions of this Section 6, then and in such event such payment
or distribution shall be held in trust for the benefit of and immediately shall
be paid over to the Collateral Agent for application as set forth in this
Agreement. Any Acceleration Notice shall be deemed received by the Second Lien
Lenders upon the date of actual receipt by the Second Lien Lenders or the Second
Lien Administrative Agent or other representative designated pursuant to Section
17 hereof of such Acceleration Notice in writing.

      (b) On and after receipt by the Second Lien Lenders of an Acceleration
Notice, the holders of the Senior Secured Indebtedness shall be entitled to
receive payment in full in cash of the Senior Secured Indebtedness and cash
collateral in respect of all outstanding letters of credit and Swap
Counterparties shall be entitled to receive all amounts payable under the Swap
Agreements, before the Second Lien Lenders are entitled to receive any direct or
indirect payment or distribution of any kind or character, whether in cash,
Property or securities (other than Reorganization Securities) on account of the
Second Lien Indebtedness; provided that the priority of payment shall, in each
case, be as follows:

            (i) first, to pay obligations in respect of any expense
      reimbursements, indemnities or other liabilities then due to any Agent
      until such obligations have been paid in full;

                                       19
<PAGE>

            (ii) second, to pay obligations in respect of any fees then due to
      any Agent or the Issuing Bank until such obligations have been paid in
      full;

            (iii) third, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Senior Secured Revolving
      Loans;

            (iv) fourth, to pay (A) all principal amounts unpaid in respect of
      the Senior Secured Revolving Loans, (B) all reimbursement obligations with
      respect to any letter of credit and to cash collateralize the LC Exposure
      under the Senior Secured Credit Agreement and (C) all amounts due and
      payable pursuant to the terms of any Swap Agreement, until all such
      amounts have been paid in full;

            (v) fifth, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Senior Secured Term Loans
      until such amounts have been paid in full;

            (vi) sixth, to pay all principal amounts unpaid in respect of the
      Senior Secured Term Loans until all such amounts have been paid in full;

            (vii) seventh, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Second Lien Indebtedness
      until such amounts have been paid in full;

            (viii) eighth, to pay all principal amounts unpaid in respect of the
      Second Lien Indebtedness until all such amounts have been paid in full;
      and

            (ix) ninth, to the Borrower;

provided, however, if sufficient funds are not available to fund all payments to
be made in respect of any of the obligations described in any one of the
foregoing clauses (i) through (viii), the available funds being applied with
respect to any such obligations referred to in such clause shall be allocated to
the payment of such obligations ratably, based on the proportion of each
Agent's, each Lender's, each Swap Counterparty's or the Issuing Bank's interest
in the aggregate outstanding obligations described in such clause.

      Section 7. RESERVED
                       --------

      Section 8. Standstill. Upon the delivery of notice to the holders of the
Senior Secured Indebtedness by the Second Lien Lenders or Second Lien
Administrative Agent pursuant to Section 12 of this Agreement, the Second Lien
Lenders and the Second Lien Administrative Agent or other representative of the
Second Lien Lenders designated hereunder will not commence any Enforcement
Action relative to any of the Borrowers or any of the Guarantors during the
Standstill Period. Upon the termination of the Standstill Period, the Second
Lien Lenders may exercise all rights or remedies they may have in law or equity;
provided, however, that if a Standstill Period terminates pursuant to clause (d)
of the definition thereof, no Second Lien Lender and no agent or representative
thereof shall exercise any remedies against, or attempt to foreclose upon,
garnish, sequester or execute upon, any Property known to it as constituting
Collateral (other than to file or record any judgment Liens it may have obtained
against such Collateral) during the period that such Standstill Period would
have been in effect but for termination pursuant to clause (d) of the definition
of "Standstill Period."

                                       20
<PAGE>

      Section 9. Insolvency; Bankruptcy; Etc. In the event of the institution of
any Insolvency Proceeding relative to either of the Borrowers or any of the
Guarantors, then:

            (a) The holders of the Senior Secured Indebtedness shall be entitled
      to receive payment in full in cash of the Senior Indebtedness and cash
      collateral in respect of all outstanding letters of credit and Swap
      Counterparties shall be entitled to receive all amounts payable under the
      Swap Agreements, before the Second Lien Lenders are entitled to receive
      any direct or indirect payment or distribution of any kind or character,
      whether in cash, Property or securities (other than Reorganization
      Securities) on account of the Second Lien Indebtedness; provided that the
      priority of payment shall, in each case, be as follows:

            (i) first, to pay obligations in respect of any expense
      reimbursements, indemnities or other liabilities then due to any Agent
      until such obligations have been paid in full;

            (ii) second, to pay obligations in respect of any fees then due to
      any Agent or the Issuing Bank until such obligations have been paid in
      full;

            (iii) third, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Senior Secured Revolving
      Loans;

            (iv) fourth, to pay (A) all principal amounts unpaid in respect of
      the Senior Secured Revolving Loans, (B) all reimbursement obligations with
      respect to any letter of credit and to cash collateralize the LC Exposure
      under the Senior Secured Credit Agreement and (C) all amounts due and
      payable pursuant to the terms of any Swap Agreement, until all such
      amounts have been paid in full;

            (v) fifth, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Senior Secured Term Loans
      until such amounts have been paid in full;

            (vi) sixth, to pay all principal amounts unpaid in respect of the
      Senior Secured Term Loans until all such amounts have been paid in full;

            (vii) seventh, to pay interest, fees, expense reimbursements and
      indemnities due and unpaid in respect of the Second Lien Indebtedness
      until such amounts have been paid in full;

            (viii) eighth, to pay all principal amounts unpaid in respect of the
      Second Lien Indebtedness until all such amounts have been paid in full;
      and

            (ix) ninth, to the Borrower;

provided, however, if sufficient funds are not available to fund all payments to
be made in respect of any of the obligations described in any one of the
foregoing clauses (i) through (viii), the available funds being applied with
respect to any such obligations referred to in such clause shall be allocated to
the payment of such obligations ratably, based on the proportion of each
Agent's, each Lender's, each Swap Counterparty's or the Issuing Bank's interest
in the aggregate outstanding obligations described in such clause.

                                       21
<PAGE>

      (b) Any direct or indirect payment or distribution of any kind or
character, whether in cash, Property or securities, by setoff or otherwise,
which may be payable or deliverable in such proceedings in respect of the Second
Lien Indebtedness but for the provisions of this Agreement shall be paid or
delivered by the Person making such payment or distribution, whether either of
the Borrowers, any Guarantor, a trustee in bankruptcy, a receiver, a liquidating
trustee, or otherwise, to the Collateral Agent for the account of the holders of
Senior Secured Indebtedness and/or the Swap Counterparties, to the extent
necessary to make payment in full in cash of all Senior Secured Indebtedness
remaining unpaid, to fully cash collateralize all outstanding letters of credit,
and to make payment of amounts payable under the Swap Agreements; provided,
however, that no such delivery of any Reorganization Securities shall be made to
any holders of the Senior Secured Indebtedness or to any Swap Counterparty. In
the event that, notwithstanding the foregoing provisions of this Section 9, the
Senior Secured Creditor or the Second Lien Creditor shall have received any such
payment or distribution of any kind or character, whether in cash, Property or
securities (other than Reorganization Securities), by setoff or otherwise, then
and in such event such payment or distribution shall be held in trust for the
benefit of, and immediately shall be paid over to, the Collateral Agent for
application to the payment of all Senior Secured Indebtedness, amounts payable
under Swap Agreements and Second Lien Indebtedness remaining unpaid, pursuant to
the terms of this Section 9.

      (c) If no proof of claim is filed in any Insolvency Proceeding with
respect to any Second Lien Indebtedness by the tenth day prior to the bar date
for any such proof of claim, the Collateral Agent may, after notice to the
Second Lien Lenders or the Second Lien Administrative Agent or other
representative designated pursuant to Section 16 hereof, file such a proof of
claim on behalf of the Second Lien Lenders, and each Second Lien Lender hereby
irrevocably appoints the Collateral Agent as its agent and attorney-in-fact for
such limited purpose; provided, that the foregoing shall not confer to the
holder of any Senior Secured Indebtedness the right to vote on behalf of the
Second Lien Lenders in any Insolvency Proceedings.

      (d) If the Required Senior Secured Revolving Lenders have consented to a
sale or other disposition of any assets securing the Senior Secured Indebtedness
free and clear of Liens, claims and other interests under Title 11, United
States Code, including under Sections 363, 365 and 1129 of Title 11, United
States Code, then the other Secured Parties agree that they will consent and
will not otherwise object to such sale or disposition.

   Section 10. No Impairment. No right of any present or future holder of Senior
Secured indebtedness to enforce subordination as herein provided shall at any
time in any way be prejudiced or impaired by any act or failure to act on the
part of either of the Borrowers or any Guarantor or by any non-compliance by
either of the Borrowers or any Guarantor with the terms, provisions, and
covenants of this Agreement, the Second Lien Credit Agreement or the Second Lien
Notes, if any, regardless of any knowledge thereof any such Second Lien Lender
may have or be otherwise charged with. The provisions of this Agreement shall be
enforceable directly by the Collateral Agent, by any present or future holder of
the Senior Secured Indebtedness and/or the Senior Indebtedness Representative.

                                       22
<PAGE>

   Section 11. Rights of Creditors; Subrogation. The provisions of this
Agreement are for the purpose of defining the relative rights of holders of the
Senior Secured Indebtedness, any Swap Counterparty, holders of Senior Secured
Term Indebtedness and the Second Lien Lenders, and nothing herein shall impair,
as between the Borrowers and the Guarantors and the Second Lien Lenders, the
obligation of the Borrowers and the Guarantors, which are unconditional and
absolute, to pay to the Second Lien Lenders the principal of the Second Lien
Indebtedness and interest thereon in accordance with their terms and the
provisions thereof, nor shall anything herein, except as otherwise provided in
Section 8 of this Agreement, prevent the Second Lien Lenders from exercising all
remedies otherwise permitted by applicable law or hereunder upon default under
the Second Lien Credit Agreement or under the Second Lien Notes, if requested,
(including the right to demand payment and sue for performance thereof and of
the Second Lien Notes, if requested, and to accelerate the maturity thereof as
provided by the terms of the Second Lien Credit Agreement or the Second Lien
Notes, if requested), subject to the rights of holders of the Senior Secured
Indebtedness and Swap Counterparties under this Agreement. Upon payment in full
of the Senior Secured Indebtedness in cash and termination of the commitments of
any holder of the Senior Secured Indebtedness to make loans or extensions of
credit, expiration or termination of all letters of credit issued under the
Senior Secured Credit Agreement and payment of any amounts payable under the
Swap Agreements, the Second Lien Lenders shall, to the extent of any payments or
distributions paid or delivered to the Collateral Agent for payment to holders
of the Senior Secured Indebtedness or otherwise applied to the Senior Secured
Indebtedness pursuant to the provisions of this Agreement, be subrogated to the
rights of the holders of the Senior Secured Indebtedness to receive payments or
distributions of assets of the Borrowers or any Guarantor made on Senior Secured
Indebtedness (and any security therefor) until the Second Lien Indebtedness
shall be paid in full (and, for this purpose, no such payments or distributions
paid or delivered to the Collateral Agent for payment to the holders of the
Senior Secured Indebtedness and the Swap Counterparties or otherwise applied to
the Senior Secured Indebtedness and any amounts payable under the Swap
Agreements shall be deemed to have discharged the Second Lien Indebtedness),
and, for the purposes of such subrogation, no payments to the Collateral Agent
for payment to the holders of the Senior Secured Indebtedness and Swap
Counterparties of any cash, assets, stock, or obligations to which the Second
Lien Lenders would be entitled except for the provisions of this Agreement
shall, as between the Borrowers and the Guarantors, any of their respective
creditors (other than the holders of the Senior Secured Indebtedness and Swap
Counterparties), and the Second Lien Lenders, be deemed to be a payment by
either of the Borrowers or any Guarantor to or on account of Second Lien
Indebtedness. The fact that failure to make any payment on account of the Second
Lien Indebtedness is caused by reason of the operation of any provision of this
Agreement shall not be construed as preventing the occurrence of an Event of
Default.

   Section 12. Notice of Acceleration, Enforcement Action.
               -------------------------------------------

      (a) Each Second Lien Lender agrees that in the event any event of default
under the Second Lien Credit Agreement (or the Second Lien Notes, if any) (a
"Second Lien Event of Default") shall occur, and as a result thereof, any Second
Lien Lender or the Second Lien Administrative Agent or other representative of
such Second Lien Lender accelerates maturity of the Second Lien Notes, if any,
then such Second Lien Lender or the Second Lien Administrative Agent or other
representative shall give prompt (and in any event within three (3) Business
Days) notice thereof in writing to the holders of the Senior Secured
Indebtedness or the Senior Secured Indebtedness Representative. Neither of the
Borrowers nor any Guarantor may pay any Second Lien Notes until ten (10)
Business Days after the Senior Secured Lenders or Senior Secured Indebtedness
Representative, the Second Lien Administrative Agent and the Collateral Agent
receives the notice described above and, after that ten (10) Business Day
period, may pay any Second Lien Notes, and the Second Lien Lenders may receive
or collect such payment, only if the provisions of this Agreement do not
prohibit such payment at that time.

                                       23
<PAGE>

      (b) Each Second Lien Lender agrees that in the event any Second Lien Event
of Default shall occur, and as a result thereof, any Second Lien Lender or the
Second Lien Administrative Agent or other representative of such Second Lien
Lender intends to commence any Enforcement Action, then such Second Lien Lender
or the Second Lien Administrative Agent or other representative shall first
deliver notice thereof in writing to the Senior Secured Indebtedness
Representative and the Collateral Agent both (i) not less than ten (10) days
prior to taking any such Enforcement Action, and (ii) one (1) Business Day after
such Enforcement Action is taken.

   Section 13. Reinstatement. If the Senior Secured Creditor or any Swap
Counterparty is required to disgorge any proceeds, payment or other amount
received by such Senior Secured Creditor or Swap Counterparty (whether because
such proceeds, payment or other amount is invalidated, declared to be fraudulent
or preferential or otherwise) or turn over or otherwise pay any amount (a
"Recovery") to the estate or to any creditor or representative of a Loan Party
or any other Person, then the Senior Secured Indebtedness or payment required
under the related Swap Agreement, as applicable, shall be reinstated (to the
extent of such Recovery) as if such proceeds, payment or other amount had never
been paid and, to the extent that the Second Lien Creditor has received
proceeds, payments or other amounts to which the Second Lien Creditor would not
have been entitled under this Agreement had such reimbursement occurred prior to
the receipt by the Second Lien Creditor of such proceeds, payments or other
amounts, the Second Lien Creditor shall turn over such proceeds, payments or
other amounts to the Collateral Agent for reapplication to the Senior Secured
Indebtedness and required payments under any Swap Agreement in accordance with
this Agreement. If this Agreement shall have been terminated prior to such
Recovery, this Agreement shall be reinstated in full force and effect, and such
prior termination shall not diminish, release, discharge, impair or otherwise
affect the obligations hereunder of the parties hereto. All rights, interests,
agreements and obligations of the Secured Parties hereunder shall remain in full
force and effect and shall continue irrespective of the commencement of, or any
discharge, confirmation, conversion or dismissal of any Insolvency Proceeding by
or against any Loan Party or any other Person and irrespective of any other
circumstance that otherwise might constitute a defense available to, or a
discharge of, any Loan Party or any other Person in respect of the Senior
Secured Indebtedness or any Swap Agreement.

   Section 14. Rights of Holders of the Senior Secured Indebtedness and Swap
Counterparties. The holders of the Senior Secured Indebtedness may, at any time
and from time to time subject to the terms of the Senior Secured Indebtedness,
without the consent of or notice to the Second Lien Lenders or the Second Lien
Administrative Agent or other representative of the Second Lien Lenders, without
incurring responsibility to the Second Lien Creditor and without impairing or
releasing the subordination or other benefits provided in this Agreement or the
obligations hereunder of the Second Lien Creditor hereunder, do any one or more
of the following: (a) change the manner, place or terms of payment or extend the
time of payment of, or renew, increase (but not in excess of the cap provided
for in the definition of "Senior Secured Indebtedness"), alter or amend Senior
Secured Indebtedness or any instrument evidencing the same or any covenant or
agreement under which Senior Secured Indebtedness is outstanding or secured or
any liability of any obligor thereon; (b) instruct the Collateral Agent to sell,
exchange, release or otherwise deal with any property pledged, mortgaged or
otherwise securing Senior Secured Indebtedness; (c) settle or compromise any
Senior Secured Indebtedness or any liability of any obligor thereon or release
any Person liable in any manner for the payment of Senior Secured Indebtedness;
and (d) waive any default under Senior Secured Indebtedness and exercise or
refrain from exercising any rights against either of the Borrowers, any of their
Subsidiary or any other Person. The foregoing provisions are not intended to
permit a change to the definition of "Senior Secured Indebtedness." No
compromise, alteration, amendment, modification, extension, renewal or other
change of; or waiver, consent or other action in respect of any liabilities or
obligations under or in respect of any of the terms, covenants, or conditions of
any Senior Secured Loan Document, whether or not in accordance with the
provisions of any applicable document, shall in any way alter or affect any of
the provisions of this Agreement. Each Swap Counterparty, mutis mutandis, shall
have rights with respect to the related Swap Agreement and the terms and
conditions thereof in all respects equivalent to those of holders of Senior
Secured Indebtedness under this Section 14 with respect to the Senior Secured
Indebtedness under the Senior Secured Credit Agreement.

                                       24
<PAGE>

   Section 15. Modification of Indebtedness. Each of the Lenders agrees that it
will not: (i) amend or modify any of the Senior Secured Loan Documents or the
Second Lien Loan Documents, as applicable, to add any covenant thereto; or (ii)
amend or otherwise change the terms of any Senior Secured Indebtedness or Second
Lien Indebtedness, as applicable, or accept any payment consistent with an
amendment or change thereto, if the effect of such amendment or change is to
increase the interest rate on such Senior Secured Indebtedness or Second Lien
Indebtedness, as applicable, change any date on which a payment of principal or
interest is due thereon to an earlier date or increase the amount of any such
payment, change any default or condition to a default with respect to such
Senior Secured Indebtedness or Second Lien Indebtedness, as applicable, take any
Collateral or make any other change which, together with all other amendments or
changes made, increase materially the obligations of the obligor or confer
additional rights on the holder of such Senior Secured Indebtedness or Second
Lien Indebtedness, as applicable, that would be adverse to any Loan Party or
Lender.

   Section 16. Amendments.
               -----------

      (a) Except as otherwise set forth in this Section 16, no amendment,
waiver, discharge or termination of this Agreement, any of the terms hereof or
any of the definitions used in this Agreement, that would have the effect of
modifying this Agreement with respect to the various parties hereto shall be
effective unless it is in writing and signed by Senior Secured Creditor and
Second Lien Creditor and, to the extent applicable, any Swap Counterparty
affected thereby.

                                       25
<PAGE>

      (b) Any amendment of this Agreement or the definitions used in this
Agreement that would have the effect of modifying this Agreement or the
definitions used in this Agreement in such a way so as to adversely affect the
rights of all of the Senior Secured Lenders or any Swap Counterparty shall be
effective if it is in writing and made with the prior written consent of the
Required Senior Secured Revolving Lenders and the Required Senior Secured Term
Loan Lenders or the Senior Secured Indebtedness Representative acting at their
written direction on their behalf and such Swap Counterparty.

      (c) Any amendment of this Agreement or the definitions used in this
Agreement that would have the effect of modifying this Agreement or the
definitions used in this Agreement in such a way so as to adversely affect the
rights of the Senior Secured Revolving Lenders shall be effective if it is in
writing and made with the prior written consent of the Required Senior Secured
Revolving Lenders or the Senior Secured Indebtedness Representative acting at
their written direction on theft behalf

      (d) Any amendment of this Agreement or the definitions used in this
Agreement that would have the effect of modifying this Agreement or the
definitions used in this Agreement in such a way so as to adversely affect the
rights of the Senior Secured Term Lenders shall be effective if it is in writing
and made with the prior written consent of the Required Senior Secured Term
Lenders or the Senior Secured Indebtedness Representative acting at their
written direction on theft behalf.

      (e) Any amendment of this Agreement or the definitions used in this
Agreement that would have the effect of modifying this Agreement or the
definitions used in this Agreement in such a way so as to adversely affect the
rights of the Second Lien Lenders shall be effective if it is in writing and
made with the prior written consent of the Required Second Lien Lenders or the
Second Lien Administrative Agent acting at their written direction on their
behalf.

   Section 17. Identity of Second Lien Lenders for Notice Purposes. For purposes
of any notice required or permitted to be given hereunder by the Collateral
Agent, the holders of the Senior Secured Indebtedness or the Senior Secured
Indebtedness Representative to the Second Lien Lenders, or any of them, the
Collateral Agent, the holders of the Senior Secured Indebtedness and the Senior
Secured Indebtedness Representative shall be entitled to rely, conclusively, on
the identity and address of each Second Lien Lender as set forth in the Second
Lien Loan Agreement or as otherwise set forth in the most recent notice received
by the Senior Secured Indebtedness Representative from a Second Lien Lender
referring to the Second Lien Loan Agreement for purposes of providing the
identity and address of each Second Lien Lender. The Second Lien Lenders agree
that any notices required to be given to the Second Lien Lenders shall be
effective if such notice is given to the Second Lien Administrative Agent or
other representative of the Second Lien Lenders. For so long as the Second Lien
Indebtedness is outstanding, the Second Lien Lenders agree to designate and
maintain an agent or other representative for such purposes.

   Section 18. Liens.
               ------

      (a) All Liens granted by either of the Borrowers or any Guarantor which at
any time secure the Second Lien Credit Agreement, any Second Lien Note or any
other Second Lien Loan Document are hereby made, and will at all times prior to
the full payment or discharge of the Senior Secured Indebtedness and the payment
in full of all amounts payable and termination of all of the Swap Agreements be,
subject and subordinate to all Liens granted by either of the Borrowers or any
Guarantor which at any time secure the Senior Secured Indebtedness and amounts
payable under Swap Agreements, which subordination shall be effective whether or
not all such Liens securing Senior Secured Indebtedness and amounts payable
under Swap Agreements have been properly recorded, filed and otherwise perfected
prior to all such Liens securing any Second Lien Indebtedness and regardless of
the relative priority of such Liens as determined without regard to this
Agreement. The mortgages included in the Senior Secured Loan Documents do (and
other mortgages, security agreements and similar Senior Secured Loan Documents
may) describe the indebtedness secured thereby in a manner which might include
indebtedness (including amounts payable under Swap Agreements) other than the
Senior Secured Indebtedness. For so long as any Second Lien Indebtedness is
outstanding, as between the Second Lien Lenders and the holders of the Senior
Secured Indebtedness and any Swap Counterparty, only the Senior Secured
Indebtedness and amounts payable under the Swap Agreements shall be deemed to be
secured by any Liens granted under the Senior Secured Loan Documents.

                                       26
<PAGE>

      (b) Each of the Second Lien Lenders and the Second Lien Administrative
Agent agrees that it will not initiate, join in or prosecute any claim, action
or other proceeding challenging the validity or enforceability of the Senior
Secured Indebtedness or any Swap Agreement or the Liens securing the Senior
Secured Indebtedness and amounts payable under any Swap Agreement.

   Section 19. Purchase of the Senior Indebtedness. In the event that (i) a
Blockage Period shall have commenced pursuant to Section 6 hereof and shall be
continuing, or (ii) an event of default under the Second Lien Loan Documents
shall have occurred and is continuing, regardless of whether any notice has been
sent pursuant to Section 12 hereof, or (iii) if any Insolvency Proceeding has
been commenced and is continuing, the Second Lien Lenders may, in theft sole and
absolute discretion, purchase all, but not less than all, of the Senior Secured
Indebtedness from the Senior Secured Lenders by sending a notice to buy the
Senior Secured Indebtedness and Liens securing same from the Senior Secured
Lenders upon the following terms and conditions: (w) the Second Lien Lenders
shall give written notice to the Senior Secured Lenders, informing the Senior
Secured Lenders of the Second Lien Lenders election to purchase the Senior
Secured Indebtedness and Liens securing same (the purchase hereinafter called a
"Purchase" and any such notice being hereinafter called a "Purchase Notice"),
(x) the Second Lien Lenders shall have forty-five (45) days from the date of the
Purchase Notice to consummate the purchase of the Senior Secured Indebtedness
for an amount equal to 100% of the outstanding Senior Secured Indebtedness
(including, without limitation, principal, interest, fees, and expenses
(reimbursable under the Senior Secured Loan Documents) outstanding on the date
of the purchase and fully cash collateralize letters of credit, (y) if based
upon the receipt of a Payment Default Notice or a Non-Payment Default Notice, as
the case may be, said Purchase shall not occur (at Senior Secured Lenders'
election) if all events of default that precipitated the delivery of the Payment
Default Notice or the Non-Payment Default Notice have been waived or cured prior
to the consummation of the Purchase, and (z) upon receipt of payment with
respect to the Purchase as described above, the Senior Secured Lenders shall
execute an assignment of the Senior Secured Indebtedness and Liens securing same
to the Second Lien Lenders without recourse and without representation or
warranty (either express or implied), other than to the effect that the Senior
Secured Lenders at the closing of the Purchase have sold or assigned the Senior
Secured Indebtedness and Liens securing same to the Second Lien Lenders and the
amount of the Senior Secured Indebtedness. Contemporaneously with the
consummation of the Purchase, the Borrowers and the Guarantors shall acknowledge
such assignment and shall do all things necessary to give full force and effect
thereto.

                                       27
<PAGE>

   Section 20. Legend.
               -------

      (a) Each Second Lien Note shall be conspicuously inscribed with a legend
substantially in the form and substance as follows:

      PAYMENT OF THIS INSTRUMENT SHALL, TO THE EXTENT SET FORTH IN THE
      INTERCREDITOR AGREEMENT DATED AS OF NOVEMBER 14, 2005 BY AND AMONG QUEST
      RESOURCE CORPORATION AND QUEST CHEROKEE, LLC, GUGGENHEIM CORPORATE
      FUNDING, LLC, AS SENIOR SECURED ADMINISTRATIVE AGENT UNDER THE TERMS OF
      THE SENIOR SECURED CREDIT AGREEMENT DATED AS OF NOVEMBER 14, 2005, ON ITS
      OWN BEHALF AND ON BEHALF OF THE SENIOR SECURED LENDERS PARTIES THERETO,
      GUGGENHEIM CORPORATE FUNDING, LLC, AS SECOND LIEN ADMINISTRATIVE AGENT,
      UNDER THE TERMS OF THE SECOND LIEN TERM LOAN AGREEMENT DATED AS OF
      NOVEMBER 14, 2005, ON ITS OWN BEHALF AND ON BEHALF OF THE SECOND LIEN
      LENDERS PARTIES THERETO, BE SUBORDINATE AND JUNIOR IN RIGHT OF PAYMENT TO
      THE PRIOR PAYMENT IN FULL OF ALL SENIOR SECURED INDEBTEDNESS AND ALL
      AMOUNTS PAYABLE UNDER ANY SWAP AGREEMENT, THE PROVISIONS OF WHICH
      INTERCREDITOR AGREEMENT BEING INCORPORATED HEREIN AND BY THIS REFERENCE
      BEING MADE A PART HEREOF.

      (b) The Borrowers and each Second Lien Lender or the Second Lien
Administrative Agent or other representative of the Second Lien Lenders shall
cause each mortgage, security agreement and other instrument securing all or any
part of the Second Lien Indebtedness to be conspicuously inscribed with a legend
substantially in the form and substance as follows:

      ALL LIENS GRANTED BY THIS INSTRUMENT SHALL, TO THE EXTENT SET FORTH IN THE
      1NTERCREDITOR AGREEMENT DATED AS OF NOVEMBER 14, 2005, BY AND AMONG QUEST
      RESOURCE CORPORATION AND QUEST CHEROKEE, LLC, GUGGENHEIM CORPORATE
      FUNDING, LLC, AS ADMINISTRATIVE AGENT UNDER THE TERMS OF THE SENIOR CREDIT
      AGREEMENT DATED AS OF NOVEMBER 14, 2005, ON ITS OWN BEHALF AND ON BEHALF
      OF SENIOR SECURED LENDERS PARTIES THERETO, GUGGENHEIM CORPORATE FUNDING,
      LLC, ADMINISTRATIVE AGENT UNDER THE TERMS OF THE SECOND LIEN TERM LOAN
      AGREEMENT DATED AS OF NOVEMBER 14, 2005, ON ITS OWN BEHALF AND ON BEHALF
      OF THE SECOND LIEN LENDERS PARTIES THERETO, BE SUBORDINATE AND JUNIOR TO
      ALL LIENS GRANTED BY GRANTOR TO SECURE THE SENIOR SECURED INDEBTEDNESS
      REGARDLESS OF THE RELATIVE PRIORITY OF SUCH LIENS AS DETERMINED WITHOUT
      REGARD TO SUCH INTERCREDITOR AGREEMENT, THE PROVISIONS OF WHICH
      1NTERCREDITOR AGREEMENT BEING INCORPORATED HEREIN AND BY THIS REFERENCE
      BEING MADE A PART HEREOF.

                                       28
<PAGE>

   Section 21. Representations and Warranties. Each of the parties hereto hereby
represents and warrants that (a) it has full power, authority and legal right to
make and perform this Agreement, and (b) this Agreement is its legal, valid and
binding obligation, enforceable against it in accordance with its terms.

   Section 22. Successors and Assigns. This Agreement, and the terms, covenants
and conditions hereof, shall be binding upon, and inure to the benefit of the
successors and assigns of Senior Secured Creditor, any Swap Counterparty, Second
Lien Creditor, Borrowers and Guarantors regardless of whether Senior Secured
Creditor, Second Lien Creditor or Guarantors comply with the provisions of
Section 12(b) of the Senior Secured Credit Agreement.

   Section 23. GOVERNING LAW. IN ALL RESPECTS, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY, AND PERFORMANCE, THIS AGREEMENT AND THE OBLIGATIONS
ARISING HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES
THEREOF REGARDING THE CONFLICTS OF LAW, AND ANY APPLICABLE LAWS OF THE UNITED
STATES OF AMERICA. THE PARTIES HERETO CONSENT TO PERSONAL JURISDICTION, WAIVE
ANY OBJECTION AS TO JURISDICTION OR VENUE, AND AGREE NOT TO ASSERT ANY DEFENSE
BASED ON LACK OF JURISDICTION OR VENUE IN ANY STATE OR FEDERAL COURT IN THE
BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK. SERVICE OF PROCESS ON ANY OF THE
PARTIES HERETO IN ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL
BE, EFFECTIVE IF MAILED TO SUCH PARTY AT THE ADDRESS LISTED IN SECTION 24 OF
THIS AGREEMENT.

   Section 24. Notices. Whenever it is provided herein that any notice, demand,
request, consent, approval, declaration or other communication shall or may be
given to or served upon any of the parties by another, or whenever any of the
parties desires to give or serve upon another any such communication with
respect to this Agreement, each such notice, demand, request, consent, approval,
declaration, or other communication shall be in writing (including by facsimile)
and shall be deemed to have been duly given and received, for purposes hereof
when delivered by hand or three days after being deposited in the mail, postage
prepaid, certified, return receipt requested, or, in the case of facsimile
notice, when sent, answer back received, in each case, addressed as follows:

                                       29
<PAGE>

If to Borrower:                     Quest Resources Corporation
                                    9520 N. May Avenue, Suite 300
                                    Oklahoma City, OK 73120
                                    Attn:       Chief Executive Officer
                                    Telecopy No:      (405) 840-9897

With a Copy to:                     Stinson Morrison Hecker LLP
                                    1201 Walnut
                                    Attn: Patrick J. Respeliers
                                    Telecopy No:      (888) 215-6170

If to Guarantors:                   To each of them
                                    c/o Quest Resources Corporation
                                    Quest Resources Corporation
                                    9520 N. May Avenue, Suite 300
                                    Oklahoma City, OK 73120
                                    Attn: Chief Executive Officer
                                    Telecopy No:      (405) 840-9897

With a Copy to:                     Stinson Morrison Hecker LLP
                                    1201 Walnut
                                    Attn:       Patrick J. Respeliers
                                    Telecopy No:      (888) 215-6170

If to Senior Secured Creditor:      Guggenheim Corporate Funding, LLC
                                    135 East 57th Street
                                    New York, New York 10018
                                    Attn:       Tony Minella
                                    Telecopy No.:     (212) 644-8107

with a copy to:                     Sidley Austin LLP
                                    787 Seventh Avenue
                                    New York, New York 10019
                                    Attn: Myles Pollin, Esq.
                                    Jack I. Kantrowitz, Esq.
                                    Telecopy No.:     (212) 839-5599

If to Second Lien Creditor:         Guggenheim Corporate Funding, LLC
                                    135 East 57th Street
                                    New York, New York 10018
                                    Attn: Tony Minella
                                    Telecopy No.:     (212) 644-8107

                                       30
<PAGE>

with a copy to:                     Sidley Austin LLP
                                    787 Seventh Avenue
                                    New York, New York 10019
                                    Attn: Myles Pollin, Esq.
                                          Jack I. Kantrowitz, Esq.
                                    Telecopy No.:     (212) 839-5599

If to the Initial Swap Counterparty:      BP Corporation North America Inc.
                                          501 Westlake Park Boulevard
                                          Houston, TX 77024

with a copy to:                     Managing Director Structured Products
                                    North American Gas and Power
                                    Telephone:  (281) 366-4733
                                    Telecopy No.:     (281) 366-4932

or at such address as may be substituted by notice given as herein provided. The
giving of any notice required hereunder may be waived in writing by the party
entitled to receive such notice. Failure or delay in delivering copies of any
notice, demand, request, consent, approval, declaration or other communication
to the persons designated above to receive copies shall in no way adversely
affect the effectiveness of such notice, demand, request, consent, approval,
declaration or other communication.

   Section 25. Further Assurances. Second Lien Creditor hereby covenants and
agrees to take any and all additional actions and execute, deliver, file and/or
record any and all additional agreements, documents and instruments as may be
necessary or as Senior Secured Creditor may from time to time reasonably request
to effect the provisions of this Agreement. Second Lien Creditor hereby agrees
to make reference in all Second Lien Loan Documents to its obligations under
this Agreement.

   Section 26. Modifications in Writing. No amendment, modification, supplement,
termination, consent or waiver of or to any provision of this Agreement nor any
consent to any departure therefrom shall in any event be effective unless the
same shall be in writing and signed by or on behalf of each party hereto. Any
waiver of any provision of this Agreement, and any consent to any departure from
the terms of any provision of this Agreement, shall be effective only in the
specific instance and for the specific purpose for which given.

   Section 27. Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under
applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under applicable law, such provision shall be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of
such provisions or the remaining provisions of this Agreement.

   Section 28. Equitable Remedies. Each party to this Agreement acknowledges
that the breach by it of any of the provisions of this Agreement is likely to
cause irreparable damage to the other party. Therefore, the relief to which any
party shall be entitled in the event of any such breach or threatened breach
shall include, but not be limited to, a mandatory injunction for specific
performance, injunctive or other judicial relief to prevent a violation of any
of the provisions of this Agreement, damages and any other relief to which it
may be entitled at law or in equity.

                                       31
<PAGE>

   Section 29. Exculpation Provisions. Each of the parties hereto specifically
agrees that it has a duty to read this Agreement and the Security Instruments
and agrees that it is charged with notice and knowledge of the terms of this
Agreement and the Security Instruments; that it has in fact read this Agreement
and is fully informed and has full notice and knowledge of the terms,
conditions, and effects of this Agreement; that it has independently made its
own analysis of the financial condition of the Borrower and the Guarantors and
their assets including, without limitation, their Collateral; that it has been
represented by independent legal counsel of its choice throughout the
negotiations preceding its execution of this Agreement and the Security
Instruments; and has received the advice of its attorney in entering into this
Agreement and the Security Instruments; and that it recognizes that certain of
the terms of this Agreement and the Security Instruments result in one party
assuming the liability inherent in some aspects of the transaction and relieving
the other party of its responsibility for such liability. Each party hereto
agrees and covenants that it will not contest the validity or enforceability of
any exculpatory provision of this Agreement and the Security Instruments on the
basis that the party had no notice or knowledge of such provision or that the
provision is not "conspicuous."

   Section 30. WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARIS1NG IN CONNECTION WITH
COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN
EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE FEDERAL AND STATE
LAWS TO APPLY, THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE
APPLYING SUCH APPLICABLE LAWS, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHTS
OR REMEDIES UNDER THIS AGREEMENT.

   Section 31. NO ORAL AGREEMENTS. THIS AGREEMENT AND THE LOAN DOCUMENTS EMBODY
TUE ENTIRE AGREEMENT AND UNDERSTANDING BETWEEN THE PARTIES AND SUPERSEDE ALL
OTHER AGREEMENTS AND UNDERSTANDINGS BETWEEN SUCH PARTIES RELATING TO THE SUBJECT
MATTER HEREOF AND THEREOF. THIS AGREEMENT AND THE LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

   Section 32. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Signatures given by
facsimile or other electronic transmission shall be binding and effective as
originals.

                 [Balance of page left blank intentionally.]

                                       32
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their proper and duly authorized officers as of the day and
year first above written.

                                    BORROWERS:

                                    QUEST RESOURCES CORPORATION

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

                                    QUEST CHEROKEE, LLC

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    STP CHEROKEE, INC.,

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    QUEST OIL & GAS CORPORATION

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    QUEST ENERGY SERVICE, INC.

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    PONDEROSA GAS PIPELINE COMPANY, INC.

                                    By:    /s/ David Grose
                                          ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    PRODUCERS SERVICE, INCORPORATED

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                          ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    J-W GAS GATHERING, LLC

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    BLUESTEM PIPELINE, LLC

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    GUARANTOR:

                                    QUEST CHEROKEE OILFIELD SERVICE, LLC

                                    By:    /s/ David Grose
                                           ------------------------------------
                                    Name:  David Grose
                                           ------------------------------------
                                    Title: CFO
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    SENIOR SECURED CREDITOR:

                                    GUGGENHEIM  CORPORATE  FUNDING,   LLC,  as
                                    Administrative Agent

                                    By:    /s/ Todd Boehly
                                           ------------------------------------
                                    Name:  Todd Boehly
                                           ------------------------------------
                                    Title: Managing Director
                                           ------------------------------------

                                    SECOND LIEN CREDITOR:

                                    GUGGENHEIM  CORPORATE  FUNDING,   LLC,  as
                                    Administrative Agent

                                    By:    /s/ Todd Boehly
                                           ------------------------------------
                                    Name:  Todd Boehly
                                           ------------------------------------
                                    Title: Managing Director
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>

                                    SWAP COUNTERPARTY:

                                    BP  CORPORATION  NORTH  AMERICA  INC.,  as
                                    Swap Counterparty

                                    By:    /s/ Mike Deyo
                                           ------------------------------------
                                    Name:  Mike Deyo
                                           ------------------------------------
                                    Title: Controller
                                           ------------------------------------

SIGNATURE PAGE - SUBORDINATION AND INTERCREDITOR AGREEMENT

<PAGE>Exhibit 10.11

                            INDEMNIFICATION AGREEMENT

            This Indemnification Agreement, dated as of March _, 2006, is made
by and between Quest Resource Corporation, a Nevada corporation (the
"Corporation") and _____________ (the "Indemnitee").

                                    RECITALS

      A. The Corporation recognizes that competent and experienced persons are
increasingly reluctant to serve or to continue to serve as directors or officers
of corporations unless they are protected by comprehensive liability insurance
or indemnification, or both, due to increased exposure to litigation costs and
risks resulting from their service to such corporations, and due to the fact
that the exposure frequently bears no reasonable relationship to the
compensation of such directors and officers;

      B. The statutes and judicial decisions regarding the duties of directors
and officers are often difficult to apply, ambiguous, or conflicting, and
therefore fail to provide such directors and officers with adequate, reliable
knowledge of legal risks to which they are exposed or information regarding the
proper course of action to take;

      C. The Corporation and Indemnitee recognize that plaintiffs often seek
damages in such large amounts and the costs of litigation may be so enormous
(whether or not the case is meritorious), that the defense and/or settlement of
such litigation is often beyond the personal resources of directors and
officers;

      D. The Corporation believes that it is unfair for its directors and
officers to assume the risk of huge judgments and other expenses which may occur
in cases in which the director or officer received no personal profit and in
cases where the director or officer was not culpable;

      E. The Corporation, after reasonable investigation, has determined that
the liability insurance coverage presently available to the Corporation may be
inadequate in certain circumstances to cover all possible exposure for which
Indemnitee should be protected. The Corporation believes that the interests of
the Corporation and its stockholders would best be served by a combination of
such insurance and the indemnification by the Corporation of the directors and
officers of the Corporation;

      F. The Corporation's Restated Articles of Incorporation require the
Corporation to indemnify its directors and officers to the fullest extent
permitted by the Nevada Revised Statutes. The Restated Articles of Incorporation
expressly provide that the indemnification provisions set forth therein are not
exclusive, and contemplate that contracts may be entered into between the
Corporation and its directors and officers with respect to indemnification;

      G. Section 78.7502 of the Nevada Revised Statutes ("Section 78.7502"),
under which the Corporation is organized, empowers the Corporation to indemnify
its officers, directors, employees and agents by agreement and to indemnify
persons who serve, at the request of the Corporation, as the directors,
officers, employees or agents of other corporations or enterprises, and Section
78.751 of the Nevada Revised Statutes expressly provides that the
indemnification provided by Section 78.7502 is not exclusive;

<PAGE>

      H. The Board of Directors has determined that contractual indemnification
as set forth herein is not only reasonable and prudent but also promotes the
best interests of the Corporation and its stockholders;

      I. The Corporation desires and has requested Indemnitee to serve or
continue to serve as a director or officer of the Corporation free from undue
concern for unwarranted claims for damages arising out of or related to such
services to the Corporation; and

      J. Indemnitee is willing to serve, continue to serve or to provide
additional service for or on behalf of the Corporation on the condition that he
is furnished the indemnity provided for herein.

                                    AGREEMENT

            NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth below, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

      Section 1. Generally. To the fullest extent permitted by the laws of the
State of Nevada:

            (a) The Corporation shall indemnify Indemnitee if Indemnitee was or
is a party or is threatened to be made a party to any threatened, pending or
completed action, suit or proceeding, whether civil, criminal, administrative or
investigative, by reason of the fact that Indemnitee is or was or has agreed to
serve at the request of the Corporation as a director, officer, employee or
agent of the Corporation, or while serving as a director or officer of the
Corporation, is or was serving or has agreed to serve at the request of the
Corporation as a director, officer, employee or agent (which, for purposes
hereof, shall include a trustee, partner or manager or similar capacity) of
another corporation, partnership, joint venture, trust, employee benefit plan or
other enterprise, or by reason of any action alleged to have been taken or
omitted in such capacity (each, a "Proceeding").

            (b) The indemnification provided by this Section 1 shall be from and
against expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by Indemnitee or on Indemnitee's
behalf in connection with such Proceeding and any appeal therefrom, but shall
only be provided if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the
Corporation, and, with respect to any criminal Proceeding, had no reasonable
cause to believe Indemnitee's conduct was unlawful or if the Indemnitee is not
liable to the Corporation pursuant to Section 78.138 of the Nevada Revised
Statutes.

            (c) Notwithstanding the foregoing provisions of this Section 1, in
the case of any threatened, pending or completed Proceeding by or in the right
of the Corporation to procure a judgment in its favor by reason of the fact that
Indemnitee is or was a director, officer, employee or agent of the Corporation,
or while serving as a director or officer of the Corporation, is or was serving
or has agreed to serve at the request of the Corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust,
employee benefit plan or other enterprise, no indemnification shall be made in
respect of any claim, issue or matter as to which Indemnitee shall have been
adjudged by a court of competent jurisdiction, after exhaustion of all appeals
therefrom, to be liable to the Corporation or for amounts paid in settlement to
the Corporation, unless, and only to the extent that the District Court of the
State of Nevada or the court in which such Proceeding was brought or other court
of competent jurisdiction shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for such expenses
which the District Court of the State of Nevada or such other court shall deem
proper.

                                       2
<PAGE>

            (d) The termination of any Proceeding by judgment, order,
settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that Indemnitee is liable pursuant to
Section 78.138 of the Nevada Revised Statutes or did not act in good faith and
in a manner which Indemnitee reasonably believed to be in or not opposed to the
best interests of the Corporation, or with respect to any criminal Proceeding,
had reasonable cause to believe that Indemnitee's conduct was unlawful.

      Section 2. Successful Defense; Partial Indemnification.

            (a) To the extent that Indemnitee has been successful on the merits
or otherwise in defense of any Proceeding referred to in Section 1 hereof or in
defense of any claim, issue or matter therein, Indemnitee shall be indemnified
against expenses (including attorneys' fees) actually and reasonably incurred in
connection therewith. For purposes of this Agreement and without limiting the
foregoing, if any Proceeding is disposed of, on the merits or otherwise
(including a disposition without prejudice), without (i) the disposition being
adverse to Indemnitee, (ii) an adjudication that Indemnitee was liable to the
Corporation, (iii) a plea of guilty or nolo contendere by Indemnitee, (iv) an
adjudication that Indemnitee did not act in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Corporation, and (v) with respect to any criminal Proceeding, an
adjudication that Indemnitee had reasonable cause to believe Indemnitee's
conduct was unlawful, Indemnitee shall be considered for the purposes hereof to
have been wholly successful with respect thereto.

            (b) If Indemnitee is entitled under any provision of this Agreement
to indemnification by the Corporation for some or a portion of the expenses
(including attorneys' fees), judgments, fines or amounts paid in settlement
actually and reasonably incurred by Indemnitee or on Indemnitee's behalf in
connection with any Proceeding, or in defense of any claim, issue or matter
therein, and any appeal therefrom but not, however, for the total amount
thereof, the Corporation shall nevertheless indemnify Indemnitee for the portion
of such expenses (including attorneys' fees), judgments, fines or amounts paid
in settlement to which Indemnitee is entitled.

      Section 3. Advance Payment of Expenses; Notification and Defense of Claim.

            (a) The Corporation shall advance all expenses actually and
reasonably incurred by Indemnitee in connection with the investigation, defense,
settlement or appeal of any civil or criminal Proceeding referenced in Section 1
hereof (but not amounts actually paid in settlement of any such Proceeding).
Indemnitee hereby undertakes to repay such amounts advanced only if, and to the
extent that, it shall ultimately be determined by the court hearing the
Proceeding that Indemnitee is not entitled to be indemnified by the Corporation
as authorized hereby. The advances to be made hereunder shall be paid by the
Corporation to Indemnitee within 30 days following receipt of a written request
therefor by the Corporation from the Indemnitee.

                                       3
<PAGE>

            (b) Indemnitee shall, as a condition precedent to his right to be
indemnified under this Agreement, give the Corporation notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification
will or could be sought under this Agreement. Notice to the Corporation shall be
directed to the Chief Executive Officer of the Corporation at the address shown
on the signature page of this Agreement (or such other address as the
Corporation shall designate in writing to Indemnitee). Notice shall be deemed
received three business days after the date postmarked if sent by domestic
certified or registered mail, properly addressed; otherwise notice shall be
deemed received when such notice shall actually be received by the Corporation.
In addition, Indemnitee shall give the Corporation such information and
cooperation as it may reasonably require and as shall be within Indemnitee's
power.

            (c) Any indemnification and advances provided for in Section 1 and
this Section 3 shall be made no later than 30 days after receipt of the written
request of Indemnitee. If a claim under this Agreement, under any statute, or
under any provision of the Corporation's Restated Articles of Incorporation or
Bylaws providing for indemnification, is not paid in full by the Corporation
within 30 days after a written request for payment thereof has first been
received by the Corporation, Indemnitee may, but need not, at any time
thereafter bring an action against the Corporation to recover the unpaid amount
of the claim and, subject to Section 14 of this Agreement, Indemnitee shall also
be entitled to be paid for the reasonable expenses (including reasonable
attorneys' fees) of bringing such action. It shall be a defense to any such
action (other than an action brought to enforce a claim for expenses incurred in
connection with any Proceeding in advance of its final disposition) that
Indemnitee has not met the standards of conduct which make it permissible under
applicable law for the Corporation to indemnify Indemnitee for the amount
claimed. However, Indemnitee shall be entitled to receive interim payments of
expenses pursuant to Section 3(a) unless and until such defense may be finally
adjudicated by court order or judgment from which no further right of appeal
exists. It is the parties' intention that if the Corporation contests
Indemnitee's right to indemnification, the question of Indemnitee's right to
indemnification shall be for the court hearing the Proceeding to decide, and
neither the failure of the Corporation (including its Board of Directors, any
committee of the Board of Directors, independent legal counsel, or its
stockholders) to have made a determination that indemnification of Indemnitee is
proper in the circumstances because Indemnitee has met the applicable standard
of conduct required by applicable law, nor an actual determination by the
Corporation (including its Board of Directors, any committee of the Board of
Directors, independent legal counsel, or its stockholders) that Indemnitee has
not met such applicable standard of conduct, shall create a presumption that
Indemnitee has or has not met the applicable standard of conduct.

            (d) In the event the Corporation shall be obligated to pay the
expenses of Indemnitee with respect to a Proceeding, as provided in this
Agreement, the Corporation, if appropriate, shall be entitled to assume the
defense of such Proceeding, with counsel reasonably acceptable to Indemnitee,
upon the delivery to Indemnitee of written notice of its election to do so.
After delivery of such notice, approval of such counsel by Indemnitee and the
retention of such counsel by the Corporation, the Corporation will not be liable
to Indemnitee under this Agreement for any fees of counsel subsequently incurred
by Indemnitee with respect to the same Proceeding, provided that (1) Indemnitee
shall have the right to employ Indemnitee's own counsel in such Proceeding at
Indemnitee's expense and (2) if (i) the employment of counsel by Indemnitee has
been previously authorized in writing by the Corporation, (ii) counsel to the
Corporation or Indemnitee shall have reasonably concluded that there may be a
conflict of interest or position, or reasonably believes that a conflict is
likely to arise, on any significant issue between the Corporation and Indemnitee
in the conduct of any such defense or (iii) the Corporation shall not, in fact,
have employed counsel to assume the defense of such Proceeding, then the fees
and expenses of Indemnitee's counsel shall be at the expense of the Corporation,
except as otherwise expressly provided by this Agreement. The Corporation shall
not be entitled, without the consent of Indemnitee, to assume the defense of any
claim brought by or in the right of the Corporation or as to which counsel for
the Corporation or Indemnitee shall have reasonably made the conclusion provided
for in clause (ii) above.

                                       4
<PAGE>

            (e) Notwithstanding any other provision of this Agreement to the
contrary, to the extent that Indemnitee is, by reason of Indemnitee's corporate
status with respect to the Corporation or any corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which Indemnitee is or
was serving or has agreed to serve at the request of the Corporation, a witness
or otherwise participates in any Proceeding at a time when Indemnitee is not a
party in the Proceeding, the Corporation shall indemnify Indemnitee against all
expenses (including attorneys' fees) actually and reasonably incurred by
Indemnitee or on Indemnitee's behalf in connection therewith.

      Section 4. Insurance and Subrogation.

            (a) The Corporation may purchase and maintain insurance on behalf of
Indemnitee who is or was or has agreed to serve at the request of the
Corporation as a director or officer of the Corporation, or is or was serving at
the request of the Corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust, employee benefit plan or
other enterprise against any liability asserted against, and incurred by,
Indemnitee or on Indemnitee's behalf in any such capacity, or arising out of
Indemnitee's status as such, whether or not the Corporation would have the power
to indemnify Indemnitee against such liability under the provisions of this
Agreement. If the Corporation has such insurance in effect at the time the
Corporation receives from Indemnitee any notice of the commencement of a
Proceeding, the Corporation shall give prompt notice of the commencement of such
Proceeding to the insurers in accordance with the procedures set forth in the
policy. The Corporation shall thereafter take all necessary or desirable action
to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable
as a result of such Proceeding in accordance with the terms of such policy.

            (b) In the event of any payment by the Corporation under this
Agreement, the Corporation shall be subrogated to the extent of such payment to
all of the rights of recovery of Indemnitee with respect to any insurance
policy, who shall execute all papers required and take all action necessary to
secure such rights, including execution of such documents as are necessary to
enable the Corporation to bring suit to enforce such rights in accordance with
the terms of such insurance policy. The Corporation shall pay or reimburse all
expenses actually and reasonably incurred by Indemnitee in connection with such
subrogation.

            (c) The Corporation shall not be liable under this Agreement to make
any payment of amounts otherwise indemnifiable hereunder (including, but not
limited to, judgments, fines, ERISA excise taxes or penalties, and amounts paid
in settlement) if and to the extent that Indemnitee has otherwise actually
received such payment under this Agreement or any insurance policy, contract,
agreement or otherwise.

                                       5
<PAGE>

      Section 5. Certain Definitions. For purposes of this Agreement, the
following definitions shall apply:

            (a) The term "by reason of the fact that Indemnitee is or was a
director, officer, employee or agent of the Corporation, or while serving as a
director or officer of the Corporation, is or was serving or has agreed to serve
at the request of the Corporation as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust, employee benefit plan or
other enterprise" shall be broadly construed and shall include, without
limitation, any actual or alleged act or omission to act.

            (b) The term "Corporation" shall include, without limitation and in
addition to the resulting corporation, any constituent corporation (including
any constituent of a constituent) absorbed in a consolidation or merger which,
if its separate existence had continued, would have had power and authority to
indemnify its directors, officers, and employees or agents, so that any person
who is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation
as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust, employee benefit plan or other enterprise, shall stand in
the same position under the provisions of this Agreement with respect to the
resulting or surviving corporation as he or she would have with respect to such
constituent corporation if its separate existence had continued.

            (c) The term "Exchange Act" means the Securities Exchange Act of
1934, as amended.

            (d) The term "expenses" shall be broadly and reasonably construed
and shall include, without limitation, all direct and indirect costs of any type
or nature whatsoever (including, without limitation, all attorneys' fees and
related disbursements, appeal bonds, other out-of-pocket costs and reasonable
compensation for time spent by Indemnitee for which Indemnitee is not otherwise
compensated by the Corporation or any third party, provided that the rate of
compensation and estimated time involved is approved by the Board, which
approval shall not be unreasonably withheld), actually and reasonably incurred
by Indemnitee in connection with either the investigation, defense or appeal of
a Proceeding or establishing or enforcing a right to indemnification under this
Agreement, Section 78.7502 of the Nevada Revised Statutes or otherwise.

            (e) The term "judgments, fines and amounts paid in settlement" shall
be broadly construed and shall include, without limitation, all direct and
indirect payments of any type or nature whatsoever (including, without
limitation, all penalties and amounts required to be forfeited or reimbursed to
the Corporation), as well as any penalties or excise taxes assessed on a person
with respect to an employee benefit plan).

            (f) The term "other enterprises" shall include, without limitation,
employee benefit plans.

                                       6
<PAGE>

            (g) The term "serving at the request of the Corporation" shall
include, without limitation, any service as a director, officer, employee or
agent of the Corporation which imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an employee benefit plan,
its participants or beneficiaries.

            (h) A person who acted in good faith and in a manner such person
reasonably believed to be in the interest of the participants and beneficiaries
of an employee benefit plan shall be deemed to have acted in a manner "not
opposed to the best interests of the Corporation" as referred to in this
Agreement.

      Section 6. Limitation on Indemnification. Notwithstanding any other
provision herein to the contrary, the Corporation shall not be obligated
pursuant to this Agreement:

            (a) Claims Initiated by Indemnitee. To indemnify or advance expenses
to Indemnitee with respect to an Proceeding (or part thereof) initiated by
Indemnitee, except with respect to an Proceeding brought to establish or enforce
a right to indemnification (which shall be governed by the provisions of Section
6(b) of this Agreement), unless such Proceeding (or part thereof) was authorized
or consented to by the Board of Directors of the Corporation.

            (b) Action for Indemnification. To indemnify Indemnitee for any
expenses incurred by Indemnitee with respect to any Proceeding instituted by
Indemnitee to enforce or interpret this Agreement, unless Indemnitee is
successful in establishing Indemnitee's right to indemnification in such
Proceeding, in whole or in part, or unless and to the extent that the court in
such Proceeding shall determine that, despite Indemnitee's failure to establish
their right to indemnification, Indemnitee is entitled to indemnity for such
expenses; provided, however, that nothing in this Section 6(b) is intended to
limit the Corporation's obligation with respect to the advancement of expenses
to Indemnitee in connection with any such Proceeding instituted by Indemnitee to
enforce or interpret this Agreement, as provided in Section 3 hereof.

            (c) Section 16 Violations. To indemnify Indemnitee on account of any
Proceeding with respect to which final judgment is rendered against Indemnitee
for payment or an accounting of profits arising from the purchase or sale by
Indemnitee of securities in violation of Section 16(b) of the Securities
Exchange Act of 1934, as amended, or any similar successor statute.

            (d) Non-compete and Non-disclosure. To indemnify Indemnitee in
connection with Proceedings or claims involving the enforcement of non-compete
and/or non-disclosure agreements or the non-compete and/or non-disclosure
provisions of employment, consulting or similar agreements the Indemnitee may be
a party to with the Corporation, or any subsidiary of the Corporation or any
other applicable foreign or domestic corporation, partnership, joint venture,
trust or other enterprise, if any.

      Section 7. Certain Settlement Provisions. The Corporation shall have no
obligation to indemnify Indemnitee under this Agreement for amounts paid in
settlement of any Proceeding without the Corporation's prior written consent,
which shall not be unreasonably withheld. The Corporation shall not settle any
Proceeding in any manner that would impose any fine or other obligation on
Indemnitee without Indemnitee's prior written consent, which shall not be
unreasonably withheld.

                                       7
<PAGE>

      Section 8. Savings Clause. If any provision or provisions of this
Agreement shall be invalidated on any ground by any court of competent
jurisdiction, then the Corporation shall nevertheless indemnify Indemnitee as to
costs, charges and expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement with respect to any Proceeding, whether civil,
criminal, administrative or investigative, including an action by or in the
right of the Corporation, to the full extent permitted by any applicable portion
of this Agreement that shall not have been invalidated and to the full extent
permitted by applicable law.

      Section 9. Contribution. In order to provide for just and equitable
contribution in circumstances in which the indemnification provided for herein
is held by a court of competent jurisdiction to be unavailable to Indemnitee in
whole or in part, it is agreed that, in such event, the Corporation shall, to
the fullest extent permitted by law, contribute to the payment of Indemnitee's
costs, charges and expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement with respect to any Proceeding, whether civil,
criminal, administrative or investigative, in an amount that is just and
equitable in the circumstances, taking into account, among other things,
contributions by other directors and officers of the Corporation or others
pursuant to indemnification agreements or otherwise; provided, that, without
limiting the generality of the foregoing, such contribution shall not be
required where such holding by the court is due to (i) the failure of Indemnitee
to meet the standard of conduct set forth in Section 1 hereof, or (ii) any
limitation on indemnification set forth in Section 4(c), 6 or 7 hereof.

      Section 10. Form and Delivery of Communications. Any notice, request or
other communication required or permitted to be given to the parties under this
Agreement shall be in writing and either delivered in person or sent by
telecopy, telex, telegram, overnight mail or courier service, or certified or
registered mail, return receipt requested, postage prepaid, to the parties at
the following addresses (or at such other addresses for a party as shall be
specified by like notice):

            If to the Corporation:

            Quest Resource Corporation
            9520 N. May Avenue, Suite 300
            Oklahoma City, OK  73120
            Attn: Corporate Secretary
            Facsimile:

            If to Indemnitee:

            --------------------------
            --------------------------
            --------------------------
            Facsimile:

      Section 11. Subsequent Legislation. If the Nevada Revised Statutes are
amended after adoption of this Agreement to expand further the indemnification
permitted to directors or officers, then the Corporation shall indemnify
Indemnitee to the fullest extent permitted by the Nevada Revised Statutes, as so
amended.

                                       8
<PAGE>

      Section 12. Nonexclusivity. The provisions for indemnification and
advancement of expenses set forth in this Agreement shall not be deemed
exclusive of any other rights which Indemnitee may have under any provision of
law, the Corporation's Restated Articles of Incorporation or Bylaws, in any
court in which a Proceeding is brought, the vote of the Corporation's
stockholders or Disinterested Directors, other agreements or otherwise, and
Indemnitee's rights hereunder shall continue after Indemnitee has ceased acting
as an agent of the Corporation and shall inure to the benefit of the heirs,
executors and administrators of Indemnitee. However, no amendment or alteration
of the Corporation's Restated Articles of Incorporation or Bylaws or any other
agreement shall adversely affect the rights provided to Indemnitee under this
Agreement

      Section 13. Enforcement. The Corporation shall be precluded from asserting
in any judicial Proceeding that the procedures and presumptions of this
Agreement are not valid, binding and enforceable. The Corporation agrees that
its execution of this Agreement shall constitute a stipulation by which it shall
be irrevocably bound in any court of competent jurisdiction in which a
Proceeding by Indemnitee for enforcement of his rights hereunder shall have been
commenced, continued or appealed, that its obligations set forth in this
Agreement are unique and special, and that failure of the Corporation to comply
with the provisions of this Agreement will cause irreparable and irremediable
injury to Indemnitee, for which a remedy at law will be inadequate. As a result,
in addition to any other right or remedy Indemnitee may have at law or in equity
with respect to breach of this Agreement, Indemnitee shall be entitled to
injunctive or mandatory relief directing specific performance by the Corporation
of its obligations under this Agreement.

      Section 14. Attorneys' Fees. In the event that any action is instituted by
Indemnitee under this Agreement to enforce or interpret any of the terms hereof,
Indemnitee shall be entitled to be paid all court costs and expenses, including
attorneys' fees, actually and reasonably incurred by Indemnitee with respect to
such action, unless as a part of such action, the court of competent
jurisdiction determines that each of the material assertions made by Indemnitee
as a basis for such action were not made in good faith or were frivolous. In the
event of an action instituted by or in the name of the Corporation under this
Agreement or to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all court costs and expenses, including
attorneys' fees, actually and reasonably incurred by Indemnitee in defense of
such action (including with respect to Indemnitee's counterclaims and
cross-claims made in such action), unless as a part of such action the court
determines that each of Indemnitee's material defenses to such action were not
made in good faith or were frivolous.

      Section 15. Interpretation of Agreement. It is understood that the parties
hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification to Indemnitee to the fullest extent now or hereafter permitted
by law.

      Section 16. Entire Agreement. This Agreement and the documents expressly
referred to herein constitute the entire agreement between the parties hereto
with respect to the matters covered hereby, and any other prior or
contemporaneous oral or written understandings or agreements with respect to the
matters covered hereby are expressly superceded by this Agreement.

                                       9
<PAGE>

      Section 17. Modification and Waiver. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

      Section 18. Successor and Assigns. All of the terms and provisions of this
Agreement shall be binding upon, shall inure to the benefit of and shall be
enforceable by the parties hereto and their respective successors, assigns,
heirs, executors, administrators and legal representatives. The Corporation
shall require and cause any direct or indirect successor (whether by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
or assets of the Corporation, by written agreement in form and substance
reasonably satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Corporation
would be required to perform if no such succession had taken place.

      Section 19. Service of Process and Venue. For purposes of any claims or
Proceedings to enforce this agreement, the Corporation consents to the
jurisdiction and venue of any federal or state court of competent jurisdiction
in the states of Nevada and Oklahoma, and waives and agrees not to raise any
defense that any such court is an inconvenient forum or any similar claim.

      Section 20. Supercedes Prior Agreement. This Agreement supercedes any
prior indemnification agreement between Indemnitee and the Corporation or its
predecessors.

      Section 21. Governing Law. This Agreement shall be governed exclusively by
and construed according to the laws of the State of Nevada, as applied to
contracts between Nevada residents entered into and to be performed entirely
within Nevada. If a court of competent jurisdiction shall make a final
determination that the provisions of the law of any state other than Nevada
govern indemnification by the Corporation of its officers and directors, then
the indemnification provided under this Agreement shall in all instances be
enforceable to the fullest extent permitted under such law, notwithstanding any
provision of this Agreement to the contrary.

      Section 22. Employment Rights. Nothing in this Agreement is intended to
create in Indemnitee any right to employment or continued employment.

      Section 23. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument, notwithstanding that
both parties are not signatories to the original or same counterpart.

      Section 24. Headings. The section and subsection headings contained in
this Agreement are for reference purposes only and shall not affect in any way
the meaning or interpretation of this Agreement.

                                       10
<PAGE>

            IN WITNESS WHEREOF, this Agreement has been duly executed and
delivered to be effective as of the date first above written.

                                    QUEST RESOURCE CORPORATION

                                    By _______________________________________
                                    Name:
                                    Title:

                                    INDEMNITEE:

                                    By _______________________________________
                                    Name:

                                       11

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