Document:

EX-10.89

Exhibit 10.89

Execution Copy

FIRST AMENDMENT TO LOAN SERVICING AGREEMENT

     FIRST AMENDMENT, dated as of February 27, 2009 (this “Amendment”), to the Loan Servicing
Agreement, dated as of May 28, 2008 (the “Loan Servicing Agreement”), by and among, on the one
hand, Bosco Credit LLC (“Bosco”), as owner, and Franklin Credit Management Corporation, as servicer
(the “Servicer”).

     WHEREAS, the Bosco and the Servicer desire to amend the Loan Servicing Agreement in accordance
with the terms hereof.

     NOW THEREFORE, in consideration of the premises and other good and valuable consideration, the
parties hereto hereby agree as follows:

     1. Definitions. Any capitalized term used herein and not defined shall have the
meaning assigned to it in the Loan Servicing Agreement, as amended by this Amendment (the Loan
Servicing Agreement as amended by this Amendment being called the “Amended Loan Servicing
Agreement”) or the Loan Agreement, dated as of May 28, 2008 (the “Loan Agreement”), among the
Borrowers, the Lenders party thereto, the Administrative Agent, and First City Servicing
Corporation, as Surveillance Agent, as amended.

     2. Amendments. Effective on the Amendment Effective Date (as defined below) and
subject to the satisfaction of the conditions precedent set forth in Section 3 below, the parties
hereto agree as follows:

     2.1 The definition of “CPI Adjustment” is amended by deleting the square brackets
surrounding September in the second and third lines of the definition.

     2.2 The definition of “Servicing Advances” is amended by deleting subsections (d) and
(e) and substituting the following therefor:

     “(d) compliance with the obligations under Section 2.7, 2.9, 2.10, 2.12., 2.13, 2.14 and 2.15,
and (e) other expenses that are the responsibility of the Owner under Section 2.23.”

     2.3 Section 2.9 of the Loan Servicing Agreement is amended by deleting “Section 2.11” where it
appears on the second line and substituting “Section 2.10”.

     2.4 Section 2.10 of the Loan Servicing Agreement is amended by deleting “Section 2.10” where
it appears on the fifth, sixth and seventh lines and , in each case, substituting “Section 2.9”.

     2.5 Section 2.11 of the Loan Servicing Agreement is amended by deleting “Section 2.12” where
it appears on the twelfth line and substituting “Section 2.11”.

     2.6 Section 2.21.5 of the Loan Servicing Agreement is amended by deleting “Section 2.22” where
it appears on the first line and substituting “Section 2.21”.

     2.7 Section 2.22.1 of the Loan Servicing Agreement is amended by deleting “Section 2.23” where
it appears on the first line and substituting “Section 2.22”.

 

 

     2.8 Section 2.23.5 of the Loan Servicing Agreement is amended by deleting “Section 2.24.5”
where it appears on the third line from the bottom of the Section and substituting “Section
2.23.5”.

     3. Conditions to Effectiveness. The effectiveness of this Amendment is subject to the
fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent
(the date such conditions are fulfilled or waived by the Agent is hereinafter referred to as the
“Amendment Effective Date”):

          (a) The representations and warranties of the Servicer and Bosco set forth herein, in
Section 6 of the Loan Servicing Agreement and in each other Loan Document and certificate or other
writing delivered to the Agent pursuant hereto on or prior to the Amendment Effective Date shall be
correct in all material respects after giving effect to this Amendment on and as of the Amendment
Effective Date as though made on and as of such date (except to the extent such representations and
warranties expressly relate to an earlier date), and following the execution of this Amendment, no
Default or Event of Default shall have occurred and be continuing on the Amendment Effective Date
or would result from this Amendment becoming effective in accordance with its terms;

          (b) Bosco and the Servicer shall have executed this Amendment and shall have received a
counterpart to this Amendment;

          (c) Bosco and the Servicer shall have delivered such other agreements, documents and
instruments as Administrative Agent may otherwise require, all of which shall be in form and
substance satisfactory to Agent and its legal counsel;

          (d) Bosco shall have reimbursed Administrative Agent for all legal and other fees incurred by
Agent in connection with the preparation of this Amendment; and

          (e) All proceedings taken in connection with the transactions contemplated by this Amendment
and all documents, instruments and other legal matters incident thereto shall be satisfactory to
Administrative Agent and its counsel.

     4. Representations and Warranties. Each of Bosco and the Servicer represents and
warrants as follows:

          (a) The execution, delivery and performance by each of Bosco and the Servicer of this
Amendment and the performance by each of Bosco and the Servicer of the Amended Loan Servicing
Agreement have been duly authorized by all necessary action by each of Bosco and the Servicer, and
each of Bosco and the Servicer have all requisite power, authority and legal right to execute,
deliver and perform this Amendment and to perform the Amended Loan Servicing Agreement.

          (b) This Amendment and the Amended Loan Servicing Agreement are the legal, valid and binding
obligations of each of Bosco and the Servicer, enforceable against each
of Bosco and the Servicer in accordance with the terms thereof, except as enforcement may be
limited by equitable principles (regardless of whether enforcement is sought in equity or at law)

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or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting
creditors’ rights generally.

          (c) The representations and warranties contained in Section 6 of the Amended Loan Servicing
Agreement are correct after giving effect to this Amendment on and as of the Amendment Effective
Date as though made on and as of the Amendment Effective Date (except to the extent such
representations and warranties expressly relate to an earlier date.

          (d) As of the date of this Amendment, it does not have, and hereby waives, remises and
releases any claims or causes of action of any kind against the Agent, any Lender or any of their
officers, directors, employees, agents, attorneys, or representatives, or against any of their
respective predecessors, successors, or assigns relating in any way to any event, circumstance,
action, or omission relative to any of the Loan Documents or any transaction contemplated thereby,
from the beginning of time through the date of this Amendment.

     5. Reference to and Effect on Loan Documents.

          (a) Upon the effectiveness of this Amendment pursuant to Section 3 hereof, on and after the
Amendment Effective Date, each reference to the Loan Servicing Agreement or the other Loan
Documents shall mean and be a reference to the Loan Servicing Agreement and the other Loan
Documents, respectively, as amended hereby.

          (b) The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the Administrative Agent or
the Lenders nor constitute a waiver of any provision of any of the Loan Documents, or any other
documents, instruments and agreements executed and/or delivered in connection therewith.

     6. Miscellaneous.

          (a) Continued Effectiveness of the Loan Servicing Agreement. Except as otherwise
expressly provided herein, the Loan Servicing Agreement, as amended hereby, and the other Loan
Documents are, and shall continue to be, in full force and effect and are hereby ratified and
confirmed in all respects, except that on and after the Amendment Effective Date all references in
the other Loan Documents to the “Loan Servicing Agreement”, “thereto”, “thereof”, “thereunder” or
words of like import referring to the Loan Servicing Agreement shall mean the Amended Loan
Servicing Agreement.

          (b) Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which shall be deemed to be an original,
but all of which taken together shall constitute one and the same agreement. Delivery of an
executed counterpart of this Amendment by facsimile or electronic mail shall be equally as
effective as delivery of an original executed counterpart of this Amendment.

          (c) Headings. Section headings herein are included for convenience of reference only
and shall not constitute a part of this Amendment for any other purpose.

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          (d) Costs and Expenses. Bosco agrees to pay on demand all reasonable fees, costs and
expenses of the Agent and the Lenders in connection with the preparation, execution and delivery of
this Amendment.

          (e) Amendment as Loan Document. Bosco and the Servicer hereby acknowledge and agree
that this Amendment constitutes a “Loan Document” under the Loan Agreement. Accordingly, it shall
be an Event of Default under the Loan Agreement if any representation or warranty made by Bosco or
the Servicer under or in connection with this Amendment shall have been untrue, false or misleading
in any material respect when made.

          (f) Governing Law. This Amendment shall be governed by the laws of the State of New
York.

          (g) Waiver of Jury Trial. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE THEIR
RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.

[Remainder of this Page Intentionally Left Blank.]

4

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered
as of the date first above written.

	 	 	 	 	 
	 	FRANKLIN CREDIT MANAGEMENT CORPORATION

 	 
	 	By:  	/s/Alexander Gordon Jardin
 	 
	 	 	Name:  	Alexander Gordon Jardin 	 
	 	 	Title:  	CEO 	 
	 

	 	 	 
	 

	 	Signature Page to
	 

	 	First Amendment
	 

	 	to Loan Servicing
	 

	 	Agreement

 

 

	 	 	 	 	 
	 	BOSCO CREDIT LLC

 	 
	 	By:  	/s/ Thomas J. Axon
 	 
	 	 	Name:  	Thomas J. Axon 	 
	 	 	Title:  	President 	 
	 

	 	 	 
	 

	 	Signature Page to
	 

	 	First Amendment
	 

	 	to Loan Servicing
	 

	 	Agreement

 

 

	 	 	 	 	 	 	 
	STATE OF NEW JERSEY

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss:
	COUNT OF HUDSON

	 	 	)	 	 	 

     On the 18TH day of February, 2009 before me, a Notary
Public in and for said State, personally appeared Alexander Gordon Jardin, known to me to
be CEO of Franklin Credit Management Corporation the corporation that executed the
within instrument and also known to me to be the person who executed it on behalf of said
corporation, and acknowledged to me that such corporation executed the within instrument.

     IN WITNESS WHEREOF, I have hereunto set my hand affixed my office seal the day and year in
this certificate first above written.

	 	 	 	 	 
	 

	 	/s/ Donna M. Bonfiglio
 

Notary Public
	 	 
	 
	 	 	 	 
	 

	 	My Commission expires	 	 
	 
	 	 	 	 
	 

	 	DONNA M. BONFIGLIO	 	 
	 

	 	Notary Public, State of New Jersey	 	 
	 

	 	My Commission Expires

February 25, 2011	 	 

	 	 	 
	 

	 	Signature Page to
	 

	 	First Amendment
	 

	 	to Loan Servicing
	 

	 	Agreement

 

 

	 	 	 	 	 	 	 
	STATE OF New Jersey

	 	 	)	 	 	 
	 

	 	 	)	 	 	ss:
	COUNTY OF Hudson

	 	 	)	 	 	 

     On the 23 day of February, 2009 before me, a Notary Public in and for
said State, personally appeared Thomas J. Axon, known to me to be Managing
Member
of Bosco Credit LLC the corporation that executed the within
instrument and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that
such corporation executed the within instrument.

     IN WITNESS WHEREOF, I have hereunto set my hand affixed my office seal the day and year in
this certificate first above written.

	 	 	 	 	 
	 

	 	/s/ Donna M. Bonfiglio
 

Notary Public
	 	 
	 
	 	 	 	 
	 

	 	My Commission expires	 	 
	 

	 	DONNA M. BONFIGLIO	 	 
	 

	 	Notary Public, State of New Jersey	 	 
	 

	 	My Commission Expires	 	 
	 

	 	February 25, 2011	 	 

	 	 	 
	 

	 	Signature Page to
	 

	 	First Amendment
	 

	 	to Loan Servicing
	 

	 	Agreementexv10w28

Exhibit
10.28

FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT 

     This FIRST AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”), dated as of
December 18, 2008, among ALON REFINING KROTZ SPRINGS, INC. (the “Company”), as a Borrower,
ALON REFINING LOUISIANA, INC. (“Holdings”), and BANK OF AMERICA, N.A. (“Bank of
America”), as Agent and a Lender. Unless otherwise defined in this Amendment, all initially
capitalized terms and phrases wherever used in this Amendment shall have the respective meanings
given to them in the Loan Agreement (as defined below), as amended hereby.

RECITALS:

     A. WHEREAS, the Company, each other party joined thereto as a Borrower from time to time,
Holdings, the Lenders party thereto from time to time, and the Agent executed that certain Loan and
Security Agreement dated as of July 3, 2008 (as amended, supplemented, or otherwise modified from
time to time, the “Loan Agreement”), pursuant to which the Lenders have agreed to make
available to the Borrowers a revolving line of credit; and

     B. WHEREAS, the Company, Holdings, the Lenders, and the Agent desire that the Loan Agreement
be amended in certain respects in accordance with the terms of this Amendment.

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

     1. Recitals. The foregoing Recitals are accurate and are incorporated herein and made
a part hereof for all purposes.

     2. Amendments to Loan Agreement. Subject to the terms and conditions set forth herein,
as of the First Amendment Effective Date (as defined below), the Loan Agreement is hereby amended
as follows:

               (a) Amendment of Certain Definitions Appearing in Section 1.1 of the Loan Agreement.
The following definitions appearing in Section 1.1 of the Loan Agreement are hereby amended and
restated in their entirety as follows:

“ Applicable Margin: with respect to any Type of Loan or the Unused Line Fee, the
margin set forth below, as determined by the Fixed Charge Coverage Ratio for the last Four
Quarter Period:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	LIBOR	 	Standby	 	Documentary	 	 
	 	 	 	 	 	 	Base Rate	 	Revolver	 	Letters of	 	Letters of	 	Unused
	Level	 	Ratio	 	Loans	 	Loans	 	Credit	 	Credit	 	Line Fee
	 	I	 	 	Greater than 1.40 to 1.00
	 	 	1.25	%	 	 	2.75	%	 	 	2.75	%	 	 	2.25	%	 	 	0.250	%
	II	 	Less than or equal to 1.40 to
1.00 but greater than 1.25 to
1.00
	 	 	1.50	%	 	 	3.00	%	 	 	3.00	%	 	 	2.50	%	 	 	0.250	%
	III	 	Less than or equal to 1.25 to
1.00 but greater than 1.00 to
1.00
	 	 	1.75	%	 	 	3.25	%	 	 	3.25	%	 	 	2.75	%	 	 	0.375	%
	IV	 	Less than or equal to 1.00 to 1.00
	 	 	2.00	%	 	 	3.50	%	 	 	3.50	%	 	 	3.00	%	 	 	0.500	%

Until the date of receipt by the Agent of the quarterly financial statements delivered for
the Fiscal

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Quarter ending December 31, 2008, the Applicable Margins shall be determined as if Level II
were applicable. Thereafter, the margins shall be subject to increase or decrease upon
receipt by Agent pursuant to Section 10.1.4 of the financial statements and corresponding
Compliance Certificate for the last Fiscal Quarter, which change shall be effective on the
first day of the calendar month following receipt. If, by the first day of a month, any
financial statements and Compliance Certificate due in the preceding month have not been
received, then the margins shall be determined as if Level IV were applicable, from such day
until the first day of the calendar month following actual receipt.”

“ Borrowing Base: on any date of determination, an amount equal to the lesser of:

     (a) the aggregate amount of Revolver Commitments, minus the LC
Obligations; and

     (b) the difference of:

(i) the sum of

     (A) (1) 90% of the Net Amount of Eligible Major Accounts and (2)
85% of the Net Amount of Eligible Other Accounts; provided, that each
such percentage shall be reduced by .1% for each .1 percentage point
that the Dilution Percent exceeds 2.5%, plus

     (B) 85% of the sum of (1) Eligible Petroleum Inventory and (2)
Eligible Petroleum Inventory in Transit; plus 

     (C) 80% of the DOE Contract Value, such advance rate to be
reduced by 5% per week beginning January 2, 2009, with such a
reduction continuing on each Friday thereafter until February 1,
2009. Upon the earlier to occur of (i) February 1, 2009, and (ii)
termination or modification of the Crack Spread Hedge Agreement
resulting in the Company or Holdings receiving not less than
$25,000,000 or any Obligor receiving subordinated debt or a capital
contribution of not less than $25,000,000, the advance rate under
this subsection (b)(i)(C) shall be reduced to 0.0%; plus

     (D) 100% of Eligible Cash, plus

     (E) 95% of Eligible Investments, plus

     (F) 100% of the amount available to be drawn by the Agent on the
Supporting Letter of Credit; plus

     (G) 100% of Paid but Unexpired Letters of Credit; minus

(ii) the Availability Reserve;

provided, that no Accounts or Petroleum Product acquired in an Acquisition consummated by
any Obligor after the Closing Date shall be included in any calculation of the Borrowing
Base until completion of all field exams, appraisals, audits and other evaluation of
Collateral in a manner and with results acceptable to Agent.”

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          (b) Addition of Certain Definitions to Section 1.1 of the Loan Agreement. The
following definitions are hereby added to Section 1.1 of the Loan Agreement in proper alphabetical
order as follows:

“ DOE Contract Value: On any date of determination, the decrease, if any, in the
cost of the exchange oil plus premium barrels, determined on a Marked-to-Market Basis as set
forth in Schedule 1.2 of the Loan Agreement, under those certain Department of Energy Oil
Exchange Agreements (DE-FE 93008, DE-FE 92300, DE-FE 93003, DE-FE 93006 and DE-FE 93010)
(collectively “DOE Contracts”) between the date of each such DOE Contract and the
date of determination.”

          (c) Reduction of Revolver Commitment. Schedule 1.1 of the Loan Agreement is hereby
modified by deleting “$400,000,000” and replacing it with “$300,000,000”; provided that if the
Revolver Commitment is fully syndicated (with Bank of America’s hold, in its capacity as a Lender,
at no more than $50,000,000), the Revolver Commitment may be increased above $300,000,000 to a
maximum of $400,000,000 if Agent receives commitments from new or existing Lenders to increase the
Revolver Commitment. All Lenders must be reasonably acceptable to Agent.

          (d) Amendment of Section 8.1 of the Loan Agreement. Section 8.1 of the Loan Agreement
is hereby amended and restated in its entirety as follows:

“ 8.1 Borrowing Base Certificates. The Borrowers shall deliver to the Agent (a) if
no Low Availability Period is in effect, then on or before the 15th day of each month, a
Borrowing Base Certificate as of the end of the previous month, or (b) if a Low Availability
Period is in effect, then on each Tuesday of each week for the period ending Friday of the
immediately prior week, a Borrowing Base Certificate as of the end of such prior week,
together with such additional Borrowing Base Certificates as and when requested by the Agent
in writing. Together with each such Borrowing Base Certificate, the Borrowers shall deliver:
(1) a schedule of the Borrowers’ Accounts created, credits given, cash collected, and other
adjustments to Accounts since the last such schedule; (2) an aging of the Borrower’s
Accounts, together with a reconciliation to the corresponding Borrowing Base and to the
Borrowers’ general ledger; (3) an aging of the Borrowers’ accounts payable; (4) a detailed
calculation and description of Eligible Petroleum Inventory, DOE Contract Value, Eligible
Cash and Eligible Investments, Eligible In-Transit Petroleum Inventory, First Purchaser
Liens, and Paid but Unexpired Letters of Credit; (5) a schedule in reasonable detail setting
forth the additions and reductions in the Borrowers’ accounts receivable since delivery of
the previous Borrowing Base Certificate with a reconciliation to the corresponding accounts
receivable aging; and (6) Inventory reports by category, together with reconciliation to the
corresponding Borrowing Base and to the Borrowers’ general ledger. Upon request of the
Agent, the Borrowers shall deliver: (A) inventory reports by location; (B) copies of
invoices in connection with the Borrowers’ Accounts, customer statements, credit memos,
remittance advices and reports, deposit slips, shipping and delivery documents in connection
with the Borrowers’ Accounts and for Inventory and Equipment acquired by the Borrowers,
purchase orders, and invoices; (C) a statement of the balance of each intercompany Account,
if any; (D) such other reports as to the Collateral as the Agent shall reasonably request
from time to time; and (E) with the delivery of each of the foregoing, a certificate of the
Borrower Agent executed by an officer thereof certifying as to the accuracy and completeness
of the foregoing. If the Borrowers’ records or reports of the Collateral are prepared by an
accounting service or other agent, the Borrowers hereby authorize such service or agent to
deliver such records, reports, and related documents to the Agent, for distribution to the
Lenders.”

          (e) Amendment of Section 10.1.6 of the Loan Agreement. Section 10.1.6(b) of the Loan

3

 

Agreement is hereby amended and restated in its entirety as follows:

“ (b) Holdings and each Subsidiary will permit any representatives designated by Agent or
any Lender to visit and inspect the financial records and the properties of such Person
during regular business hours upon reasonable prior notice and as often as reasonably
requested and to make extracts from and copies of such financial records, and permit any
representatives designated by Agent or any Lender to discuss the affairs, finances and
condition of such Person with the officers thereof and independent accountants therefor;
provided, that Holdings and each Subsidiary will reimburse Agent for all reasonable charges,
costs and expenses of Agent in connection with up to four examinations per Loan Year of any
Obligor’s books and records or any other financial or Collateral matters as Agent deems
appropriate, including, without limitation, Agent’s standard charges of Agent’s outside
appraisal group for any and all appraisals conducted by or on behalf of Agent.”

     3. Acknowledgment of the Obligors. The Company and Holdings, as Obligors, hereby
acknowledge and agree that, to the best of their knowledge: (a) none of the Obligors has any
defense, offset, or counterclaim with respect to the payment of any sum owed to the Lenders or the
Agent under the Loan Documents, or with respect to the performance or observance of any warranty or
covenant contained in the Loan Agreement or any of the other Loan Documents; and (b) the Lenders
and the Agent have performed all obligations and duties owed to the Obligors through the date of
this Amendment.

     4. Consent and Reaffirmation of Holdings Guaranty. Holdings hereby consents to the
foregoing amendment and acknowledges and agrees that nothing herein shall in any way limit or
diminish any of the obligations of Holdings under the Holdings Guaranty, such Holdings Guaranty
being hereby ratified and affirmed.

     5. Representations and Warranties of the Obligors. The Company and Holdings, as
Obligors, represent and warrant to the Lenders and the Agent that:

          (a) Compliance with Loan Agreement. On the date hereof, no Default or Event of Default
has occurred and is continuing;

          (b) Representations and Warranties. On the date hereof, and after giving effect to
this Amendment, the representations and warranties of each Obligor in the Loan Documents are true
and correct in all material respects (except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they are true and correct in all material
respects as of such earlier date);

          (c) Power and Authority. Each Obligor is duly authorized to execute, deliver and
perform this Amendment. The execution, delivery and performance of this Amendment and the Loan
Agreement, as amended hereby, have been duly authorized by all necessary action, and do not (a)
require any consent or approval of the Term Loan Agent, other than those already obtained; (b)
contravene the Organic Documents of any Obligor; (c) violate or cause a default under any
Applicable Law or Material Contract; or (d) result in or require the imposition of any Lien (other
than Permitted Encumbrances) on any Property of any Obligor; and

          (d) Enforceability. This Amendment and the Loan Agreement, as amended hereby, are
legal, valid and binding obligations of each Obligor, enforceable in accordance with its terms,
except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the
enforcement of creditors’ rights generally.

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     6. Effectiveness of this Amendment. The amendment of the Loan Agreement will become
effective (the “First Amendment Effective Date”) as of the date of this Amendment upon the
receipt by the Agent of this Amendment duly executed by the Agent, the Lenders, the Company, and
Holdings.

     7. Effect on Loan Agreement. Except as specifically amended hereby, the terms and
provisions of the Loan Agreement and the other Loan Documents are, in all other respects, ratified
and confirmed and remain in full force and effect. No reference to this Amendment need be made in
any notice, writing, or other communication relating to the Loan Agreement and the other Loan
Documents, any such reference to the Loan Agreement and the other Loan Documents to be deemed a
reference thereto as respectively amended by this Amendment. All references to the Loan Agreement
and the other Loan Documents in any document, instrument, or agreement executed in connection with
the Loan Agreement and the other Loan Documents will be deemed to refer to the Loan Agreement and
the other Loan Documents as respectively amended hereby.

     8. Fees and Expenses. The Company hereby agrees to pay all reasonable out-of-pocket
expenses incurred by the Agent in connection with the preparation, negotiation, and consummation of
this Amendment, and all other documents related hereto, including without limitation, the
reasonable fees and expenses of the Lenders’ counsel.

     9. Successors. This Amendment will be binding upon and inure to the benefit of the
Company, Holdings, the Lenders, the Agent, and their respective successors and assigns, provided,
however, that no interest herein may be assigned by the Company, Holdings, or any other Obligor
without the prior written consent of the Agent and each Lender.

     10. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES OTHER THAN SECTION 5-1401 AND 5-1402
OF THE NEW YORK GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK (BUT GIVING EFFECT TO FEDERAL LAWS
RELATING TO NATIONAL BANKS).

     11. Consent to Forum; Arbitration. EACH OF THE COMPANY AND HOLDINGS, AS AN OBLIGOR,
HEREBY CONSENTS TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT SITTING IN OR WITH
JURISDICTION OVER THE STATE OF NEW YORK, IN ANY PROCEEDING OR DISPUTE RELATING IN ANY WAY TO THIS
AMENDMENT, AND AGREES THAT ANY SUCH PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN ANY SUCH COURT.
EACH OF THE COMPANY AND HOLDINGS, AS AN OBLIGOR, IRREVOCABLY WAIVES ALL CLAIMS, OBJECTIONS AND
DEFENSES THAT IT MAY HAVE REGARDING SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR
INCONVENIENT FORUM. Nothing herein shall limit the right of Agent or any Lender to bring
proceedings against any Obligor in any other court, nor limit the right of any party to serve
process in any other manner permitted by Applicable Law. Nothing in this Amendment shall be deemed
to preclude enforcement by Agent of any judgment or order obtained in any forum or jurisdiction.
Notwithstanding the foregoing, Section 14.14 of the Loan Agreement is incorporated herein by
reference and shall apply to this Amendment.

     12. Counterparts. This Amendment may be executed in counterparts, each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
Delivery of a signature page of any Loan Document by telecopy or electronic mail shall be effective
as delivery of a manually executed counterpart of such agreement.

     13. Severability. Wherever possible, each provision of this Amendment shall be
interpreted

5

 

in such manner as to be valid under Applicable Law. If any provision is found to be invalid
under Applicable Law, it shall be ineffective only to the extent of such invalidity and the
remaining provisions of this Amendment shall remain in full force and effect.

     14. Entire Agreement. Time is of the essence of the Loan Documents. This Amendment and
the Loan Agreement, as amended hereby, and the other Loan Documents constitute the entire contract
among the parties relating to the subject matter hereof, and supersede any and all previous
agreements and understandings, oral or written, relating to the subject matter hereof.

[Remainder of Page Intentionally Left Blank]

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     IN WITNESS WHEREOF, this Amendment has been executed and delivered as of the date set forth
above.

	 	 	 	 	 
	 	COMPANY:

ALON REFINING KROTZ SPRINGS, INC.

 	 
	 	By:  	/s/ Jeff D. Morris
 	 
	 	 	Title: President and CEO 	 
	 	 	 	 
	 
	 	HOLDINGS:

ALON REFINING LOUISIANA, INC.

 	 
	 	By:  	/s/ Jeff D. Morris
 	 
	 	 	Title: President and CEO 	 
	 	 	 	 
	 
	 	AGENT AND LENDER:

BANK OF AMERICA, N.A.,

as Agent and a Lender

 	 
	 	By:  	/s/ Todd R. Eggertsen 
Todd R. Eggertsen 
	 
	 	 	Title:  	Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]