Document:

EX-10.19.B

 

EXECUTION COPY

SECOND AMENDMENT

          SECOND AMENDMENT, dated as of October 17, 2007 (this “Amendment”), to the Credit
Agreement, dated as of March 30, 2007 (as heretofore amended, supplemented or otherwise modified,
the “Credit Agreement”), among DELEK US HOLDINGS, INC., a Delaware corporation (the
“Borrower”), the several banks and other financial institutions or entities from time to
time parties thereto (the “Lenders”), LEHMAN COMMERCIAL PAPER INC., as administrative agent
(the “Administrative Agent”), LEHMAN BROTHERS INC., as arranger and joint bookrunner, and
JPMorgan Chase Bank, N.A. as documentation agent.

W I T N E S S E T H:

          WHEREAS, pursuant to the Credit Agreement, the Lenders have made an interim loan credit
facility available to the Borrower on the terms set forth in the Credit Agreement;

          WHEREAS, the Borrower has requested that the Lenders agree to amend certain provisions of the
Credit Agreement; and

          WHEREAS, the Lenders have agreed to amend the Credit Agreement solely on the terms and
conditions set forth herein;

          NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

          Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms which are
defined in the Credit Agreement are used herein as defined therein.

          Section 2. Amendment to Section 6.6. Section 6.6 of the Credit Agreement is hereby amended by
deleting clause (ii) in its entirety and replacing it with the following:

          “(ii) two special dividends in an aggregate amount not to exceed $21,000,000 in 2007.”

          Section 3. Effectiveness. This Amendment shall become effective on the date hereof once the
Administrative Agent shall have received the Required Lenders’ consent.

          Section 4. Continuing Effect. Except as expressly set forth in this Amendment, all of the
terms and provisions of the Credit Agreement and the other Loan Documents are ratified and
confirmed, and are and shall remain in full force and effect, and the Borrower shall continue to be
bound by all of such terms and provisions. The amendment provided for herein is limited as
specified herein and shall not constitute an amendment or waiver of any provision of the Credit
Agreement or the other Loan Documents not expressly referred to herein and shall not be construed
as an amendment, waiver or consent to any action on the part of the Borrower that would require an
amendment, waiver or consent of the Administrative Agent or the Lenders except as expressly stated
herein. Any reference to the

 

 

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“Credit Agreement” in the Loan Documents or any related documents shall be deemed to be a
reference to the Credit Agreement as amended by this Amendment.

          Section 5. Expenses. The Borrower agrees to pay and reimburse the Administrative Agent for
all its reasonable out-of-pocket costs and expenses incurred in connection with the preparation and
delivery of this Amendment, including, without limitation, the reasonable fees and disbursements of
counsel to the Administrative Agent.

          Section 6. Governing Law. This Amendment shall in all respects be governed by and construed
in accordance with the laws of the State of New York.

          Section 7. Counterparts. This Amendment may be signed in any number of counterparts
(including by telecopy), each of which shall constitute an original, but all of which when taken
together shall constitute one instrument.

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by the
respective officers thereunto duly authorized as of the year and date first above written.

	 	 	 	 	 	 	 
	 	 	DELEK US HOLDINGS, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John P. Colling, Jr.
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	John P. Colling, Jr.	 	 
	 

	 	Title:
	 	VP & Treasurer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward Morgan	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Edward Morgan	 	 
	 

	 	Title:
	 	CFO	 	 

Delek US
Holdings, Inc. Second Amendment

 

 

	 	 	 	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC., as
	 	 	Administrative Agent and Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ritam Bhalla
 

	 	 
	 

	 	 	 	Name: Ritam Bhalla	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

Delek US
Holdings, Inc. Second Amendment

 

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Timothy B. Fouts
 

	 	 
	 

	 	 	 	Name: Timothy B. Fouts	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

Delek US
Holdings, Inc. Second AmendmentEX-10.19.C

 

EXECUTION COPY

THIRD AMENDMENT

     THIRD AMENDMENT, dated as of December 4, 2007 (this “Amendment”), to the Credit
Agreement, dated as of March 30, 2007 (as heretofore amended, supplemented or otherwise modified,
the “Credit Agreement”), among DELEK US HOLDINGS, INC., a Delaware corporation (the
“Borrower”), the several banks and other financial institutions or entities from time to
time parties thereto (the “Lenders”), LEHMAN COMMERCIAL PAPER INC., as administrative agent
(the “Administrative Agent”), LEHMAN BROTHERS INC., as arranger and joint bookrunner, and
JPMorgan Chase Bank, N.A. as documentation agent.

W I T N E S S E T H:

     WHEREAS, pursuant to the Credit Agreement, the Lenders have made an interim loan credit
facility available to the Borrower on the terms set forth in the Credit Agreement;

     WHEREAS, the Borrower has requested that the Lenders agree to amend certain provisions of the
Credit Agreement; and

     WHEREAS, the Lenders have agreed to amend the Credit Agreement solely on the terms and
conditions set forth herein;

     NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

     Section 1. Defined Terms. Unless otherwise defined herein, capitalized terms which are
defined in the Credit Agreement are used herein as defined therein.

     Section 2. Amendment to Section 6.2. Section 6.2 of the Credit agreement is hereby amended by
(i) replacing the term “.” at the end of clause 6.2(d) with the term “; and” and (ii) adding the
following clause immediately after clause 6.2(d):

     (e) additional unsecured Indebtedness of the Borrower, in an aggregate principal amount not
to exceed $30,000,000 at any one time outstanding, so long as no principal payments are made in
respect of such Indebtedness, and such Indebtedness does not otherwise mature or become due, prior
to the first anniversary of the Maturity Date, provided that, within three (3) Business
Days of any such borrowing pursuant to this clause (e), the outstanding principal amount of the
Loans shall be equal to or less than $45,000,000.

     Section 3. Amendment to Section 6.4. Section 6.4(c) of the Credit Agreement is hereby amended
by deleting the clause in its entirety and replacing it with the following:

   (c) the Borrower may acquire in one or more transactions and at different times (x)
shares of Lion Oil Company stock (“Lion Stock”) from TransMontaigne Inc., a
subsidiary of Morgan Stanley Capital Group Inc., and six other Lion Oil shareholders by
paying approximately $65.4 million in cash and issuing approximately 1.9 million of its
shares to TransMontaigne Inc., (y) additional shares of Lion Stock in one or more

 

 

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transactions so long as the aggregate additional cash consideration does not exceed $30
million and (z) in addition to the purchase of shares described in clause (y), additional
shares of Lion Stock for which the additional cash consideration does not exceed $26 million
so long as, at the time of any such acquisition(s) pursuant to this clause (z), the
outstanding principal amount of the Loan shall be equal to or less than $45,000,000.

     Section 4. Effectiveness. This Amendment shall become effective on the date hereof once the
Administrative Agent shall have received the Required Lenders’ consent.

     Section 5. Continuing Effect. Except as expressly set forth in this Amendment, all of the
terms and provisions of the Credit Agreement and the other Loan Documents are ratified and
confirmed, and are and shall remain in full force and effect, and the Borrower shall continue to be
bound by all of such terms and provisions. The amendment provided for herein is limited as
specified herein and shall not constitute an amendment or waiver of any provision of the Credit
Agreement or the other Loan Documents not expressly referred to herein and shall not be construed
as an amendment, waiver or consent to any action on the part of the Borrower that would require an
amendment, waiver or consent of the Administrative Agent or the Lenders except as expressly stated
herein. Any reference to the “Credit Agreement” in the Loan Documents or any related documents
shall be deemed to be a reference to the Credit Agreement as amended by this Amendment.

     Section 6. Expenses. The Borrower agrees to pay and reimburse the Administrative Agent for
all its reasonable out-of-pocket costs and expenses incurred in connection with the preparation and
delivery of this Amendment, including, without limitation, the reasonable fees and disbursements of
counsel to the Administrative Agent.

     Section 7. Governing Law. This Amendment shall in all respects be governed by and construed
in accordance with the laws of the State of New York.

     Section 8. Counterparts. This Amendment may be signed in any number of counterparts
(including by telecopy), each of which shall constitute an original, but all of which when taken
together shall constitute one instrument.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by the
respective officers thereunto duly authorized as of the year and date first above written.

	 	 	 	 	 	 	 
	 	 	DELEK US HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward Morgan	 	 
	 

	 	Name:

Title:
	 	 

Edward Morgan

V.P. and C.F.O.
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John P. Colling, Jr.	 	 
	 

	 	Name:

Title:
	 	 

John P. Colling, Jr.

V.P and Treasurer
	 	 

Delek US Holdings, Inc. Third Amendment

 

 

	 	 	 	 	 	 	 
	 

	 	JPMORGAN CHASE BANK, N.A., as Lender
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Timothy B. Fonts	 	 
	 

	 	Name:
	 	 

Timothy B. Fonts
	 	 
	 

	 	Title:
	 	SVP	 	 

Delek US Holdings, Inc. Third Amendment

 

 

	 	 	 	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC., as
	 	 	Administrative Agent and Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Ritam Bhalla	 	 
	 

	 	 	 	 

Name: Ritam Bhalla
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

Delek US Holdings, Inc. Third Amendment

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