Document:

EXHIBIT 10.1

     

    
      SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT

       

      THIS SECOND AMENDMENT TO TERM LOAN
CREDIT AGREEMENT (this “Amendment”) is made
and entered into as of May 29, 2009, by and among WESTERN REFINING, INC., a
Delaware corporation (the “Borrower”), EACH LENDER SIGNATORY HERETO,
and BANK OF AMERICA,
N.A., as the administrative agent for the Lenders (in such capacity, the
“Administrative
Agent”).

       

      W I T N E S S E T
H:

       

      WHEREAS, the Administrative
Agent, the lenders from time to time party thereto (collectively, the “Lenders” and
individually, each, a “Lender”) and the
Borrower are parties to that certain Term Loan Credit Agreement dated as of May
31, 2007, as amended by that certain First Amendment to Term Loan Credit
Agreement dated as of June 30, 2008 (the “Credit Agreement”;
capitalized terms used herein but not otherwise defined herein shall have the
meanings assigned to such terms in the Credit Agreement);

       

      WHEREAS, the Borrower has
requested that certain terms of the Credit Agreement be amended in the manner
set forth herein;

       

      WHEREAS, the Administrative
Agent and the Required Lenders, subject to the terms and conditions contained
herein, have agreed to such amendments, to be effective as of the Second
Amendment Effective Date (as defined below); and

       

      WHEREAS, the Borrower, the
Administrative Agent and the Required Lenders acknowledge that the terms of this
Amendment constitute an amendment and modification of, and not a novation of,
the Credit Agreement.

       

      NOW, THEREFORE, in
consideration of the mutual covenants and the fulfillment of the conditions set
forth herein, the parties hereby agree as follows:

       

      1.            Definitions.  From
and after the Second Amendment Effective Date, the term “Credit Agreement” or
“Agreement” (as the case may be), as used herein, in the Credit Agreement and in
the other Loan Documents, shall mean the Credit Agreement as hereby amended and
modified, and as further amended, restated, modified, replaced or supplemented
from time to time as permitted thereby.

       

      2.           
Amendments to,
Additions of, and Restatements of Terms of the Credit
Agreement.  Subject to the conditions hereof and upon
satisfaction of the terms set forth in Section 7 hereof, the
Credit Agreement is hereby amended as follows:

       

      (a)           Section 1.01 of the
Credit Agreement (Defined Terms) is amended by adding the following new
definitions:

       

      “‘Noteholder Intercreditor
Agreement’ means a Collateral Trust and Intercreditor Agreement entered
into by the Administrative Agent pursuant to clause (x) of Section 7.01(o),
substantially in the form of Annex A to the Second
Amendment to Term Loan Credit Agreement dated as of May 29, 2009, with such
changes as may be acceptable to the Administrative Agent.”

       

      “‘Second Amendment to
Intercreditor Agreement’ means an amendment to the Intercreditor
Agreement entered into by the Administrative Agent pursuant to clause (y) of Section 7.01(o),
substantially in the form of Annex B to
the

       

      
         

        SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT

      

      
        
          
          

        

        
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      Second
Amendment to Term Loan Credit Agreement dated as of May 29, 2009, with such
changes as may be acceptable to the Administrative Agent.”

       

      “‘Section 7.03(m)
Indebtedness’ means Indebtedness incurred by the Borrower and Guarantors
pursuant to Section
7.03(m)(i) or Section
7.03(m)(ii).”

       

      “‘Section 7.03(m)
Refinancing Indebtedness’ has the meaning set forth in Section
7.03(m)(ii).”

       

      (b)           The
definition of “Applicable Rate” set
forth in Section
1.01 of the Credit Agreement (Defined Terms) is amended by adding the
following paragraph to the end thereof:

       

      “Notwithstanding
the foregoing, from and after the time that the Outstanding Amount is reduced to
or below $800,000,000, the Applicable Rate with respect to all Eurodollar Rate
Loans shall be 6.00% and with respect to all Base Rate Loans shall be
5.00%.  The change in the Applicable Rate resulting from such
reduction in the Outstanding Amount shall become effective as of the date of
such reduction.”

       

      (c)           The
first paragraph of the definition of “Consolidated EBITDA”
set forth in Section
1.01 of the Credit Agreement (Defined Terms) is amended in its entirety
to read as follows:

       

      “‘Consolidated EBITDA’
means, for any period of one or more fiscal quarters, for the Borrower and its
Subsidiaries on a consolidated basis, an amount equal to Consolidated Net Income
for such period plus (a) the following to the extent deducted in calculating
such Consolidated Net Income: (i) Consolidated Interest Charges for such period,
(ii) the provision for Federal, state, local and foreign income taxes payable by
the Borrower and its Subsidiaries for such period, (iii) depreciation and
amortization expense, (iv) if the Outstanding Amount is equal to or less than
$800,000,000 as of the last day of such period, maintenance turnaround expenses
incurred by the Borrower and its Subsidiaries during such period in an aggregate
amount not to exceed $25,000,000, and (v) other non-recurring expenses of the
Borrower and its Subsidiaries reducing such Consolidated Net Income which do not
represent a cash item in such period or any future period and minus (b) the
following to the extent included in calculating such Consolidated Net Income:
all non-cash items increasing Consolidated Net Income for such
period.”

       

      (d)           The
definition of “Intercreditor
Agreement” set forth in Section 1.01 of the
Credit Agreement (Defined Terms) is amended by adding the following to the end
thereof:

       

      “As used
in the definition of “Loan Documents” and
in Sections
5.19(a), 6.12(b), 9.10(a)(ii), and
10.01(g), the
term “Intercreditor
Agreement” shall include the Noteholder Intercreditor
Agreement.”

       

      (e)           The
definition of “Restricted Payment”
set forth in Section
1.01 of the Credit Agreement (Defined Terms) is amended by adding the
following to the end thereof:

       

      “For the
avoidance of doubt, (x) a payment of principal of or interest on debt securities
convertible into or exchangeable, in whole or in part, for shares of capital
stock of (or other ownership or profit interests in) the Borrower or
any

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

        
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      Subsidiary,
or (y) a payment made in cash in satisfaction of the Borrower’s or such
Subsidiary’s obligations with respect to the conversion or exchange of any such
securities shall not, in either case, constitute a Restricted
Payment.”

       

      (f)           Clause (y) of Section 2.03(b)(i) of
the Credit Agreement (Prepayments) is amended to read as follows:

       

      “(y) in
the case of any other Debt Issuance (for the avoidance of doubt, including the
issuance of Section 7.03(m) Indebtedness other than Section 7.03(m) Refinancing
Indebtedness), the Borrower shall prepay an aggregate principal amount of the
Loans equal to 100% of such Net Cash Proceeds.”

       

      (g)           Section 7.01 of the
Credit Agreement (Liens) is amended as follows:

       

      (i)           Subsection 7.01(o)
thereof is amended by deleting the reference to “7.01(n)” contained therein and
inserting “7.01(o)” in lieu thereof, and by re-lettering this Subsection as
Subsection
7.01(p).

       

      (ii)           the
following is inserted as a new Section
7.01(o):

       

      “(o)           Liens
on Collateral securing Section 7.03(m) Indebtedness, provided that  (x) the
Administrative Agent and the holders of such Indebtedness (directly or through
an agent, trustee or other representative on their behalf) have agreed to and
are bound by the Noteholder Intercreditor Agreement, and (y) the Second
Amendment to Intercreditor Agreement has become effective and the holders of
such Indebtedness (directly or through an agent, trustee or other representative
for such holders) have agreed to and are bound by the terms of the Intercreditor
Agreement as so amended; and”.

       

      (h)           Section 7.03 of the
Credit Agreement (Indebtedness) is amended as follows:

       

      (i)           Subsection 7.03(k) is
amended to read as follows:

       

      “(k)           Indebtedness
of the Borrower or any Guarantor which has been subordinated to the Obligations,
the L/C Facility Indebtedness, the Revolver Indebtedness and Section 7.03(m)
Indebtedness in form and substance reasonably satisfactory to the Administrative
Agent;”.

       

      (ii)           Subsection 7.03(l) is
amended by replacing “.” at the end thereof with “; and”.

       

      (iii)           The
following is inserted as a new Subsection
7.03(m):

       

      “(m)           (i)
Indebtedness incurred by the Borrower and Guarantees thereof by the Guarantors,
provided that (A) the maturity date of such Indebtedness is no earlier than the
Maturity Date, (B) there are no scheduled repayments of principal of such
Indebtedness or sinking fund payments prior to the Maturity Date, (C) the
documents or instruments governing such Indebtedness do not contain any
maintenance financial covenant, and (D) at the time of the issuance of any such
Indebtedness, an amount equal to 100% of the Net Cash

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

        
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      Proceeds
thereof is applied to repay the Outstanding Amount of Loans in accordance with
Section 2.03;
and (ii) refinancings, renewals or extensions of all or any part of any
Indebtedness incurred in accordance with the foregoing clause (i) (“Section 7.03(m) Refinancing
Indebtedness”), provided that (A) the maturity date of such Section
7.03(m) Refinancing Indebtedness is no earlier than the Maturity Date, (B) there
are no scheduled repayments of principal of such Section 7.03(m) Refinancing
Indebtedness or sinking fund payments prior to the Maturity Date, and (C) the
principal amount of such Section 7.03(m) Refinancing Indebtedness does not
exceed the principal amount of Section 7.03(m) Indebtedness being refinanced,
renewed or extended except by an amount equal to accrued and unpaid interest,
prepayment premium, fees and expenses reasonably incurred in connection with
such refinancing, renewal or extension.”

       

      (i)           Section 7.09 of the
Credit Agreement (Burdensome Agreements) is amended by adding references to
Section 7.03(m) Indebtedness so that the language that precedes clause (a) thereof
reads in its entirety as follows:

       

      “7.09
Burdensome
Agreements.  Enter into or permit to exist any Contractual
Obligation (other than this Agreement, the Revolving Credit Agreement, the L/C
Credit Agreement, agreements governing Refinancing Indebtedness (subject to
clause (iii) of
Section
7.03(b)), agreements governing L/C Refinancing Indebtedness (subject to
clause (iii) of
Section
7.03(l)) and agreements governing Section 7.03(m) Indebtedness (provided
that the terms therein contained of the type described in this Section 7.09 are no
more restrictive than the terms of this Agreement)) that.”

       

      (j)           Section 7.11 of the
Credit Agreement (Financial Covenants) is amended by adding the following to the
end thereof:

       

      “From and
after the date (the “Prepayment Date”) the
Outstanding Amount is reduced to an amount that is equal to or less than
$800,000,000, the provisions of subsections (a)
through (e) of
this Section
7.11 shall no longer apply.  Instead, (x) if the Prepayment
Date is on or before September 30, 2010, then (i) as of the last day of the
fiscal quarter during which the Prepayment Date occurs and the last day of each
fiscal quarter thereafter through September 30, 2010, the Borrower shall not
permit the Consolidated Interest Coverage Ratio to be less than 2.00 to
1.00, or the Consolidated Leverage Ratio to be greater than 4.50 to
1.00, and (ii) as of December 31, 2010 and the last day of each fiscal quarter
thereafter, the Borrower shall not permit the Consolidated Interest Coverage
Ratio to be less than 2.50 to
1.00, or the Consolidated Leverage Ratio to be greater than 4.00 to
1.00, and (y) if the Prepayment Date is after September 30, 2010, then on the
last day of the fiscal quarter during which the Prepayment Date occurs and the
last day of each fiscal quarter thereafter, the Borrower shall not permit the
Consolidated Interest Coverage Ratio to be less than 2.50 to
1.00, or the Consolidated Leverage Ratio to be greater than 4.00 to
1.00.”

       

      (k)           Clause (e) of Section 8.01 of the
Credit Agreement (Events of Default) is amended as follows:

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

        
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      (i)           Subsection (i) is
amended to restate the second parenthetical appearing therein to read in its
entirety as follows:

       

      “(other
than Indebtedness hereunder, Indebtedness under Swap Contracts, Revolver
Indebtedness, L/C Facility Indebtedness and Section 7.03(m)
Indebtedness)”.

       

      (ii)           Subsection (iii) is
amended to read as follows:

       

      “(iii)           An
Event of Default as defined in the Revolving Loan Credit Agreement, the L/C
Credit Agreement, the agreements governing Refinancing Indebtedness, the
agreements governing L/C Refinancing Indebtedness, or the agreements governing
Section 7.03(m) Indebtedness (including, for the avoidance of doubt, the
agreements governing Section 7.03(m) Refinancing Indebtedness) shall occur;
or”.

       

      (l)           Section 10.18 of the
Credit Agreement (Other Liens on Collateral; Terms of Intercreditor Agreement;
Etc.) is amended by adding the following as clauses (e) and (f)
thereof:

       

      “(e)           EACH
LENDER (I) CONSENTS TO THE TERMS OF THE NOTEHOLDER INTERCREDITOR AGREEMENT AND
AGREES TO BE BOUND THEREBY, AND  (II) AUTHORIZES AND INSTRUCTS THE
ADMINISTRATIVE AGENT TO (A) ENTER INTO THE NOTEHOLDER INTERCREDITOR AGREEMENT ON
BEHALF OF THE LENDERS, AND (B) TAKE ALL ACTIONS AND EXECUTE ALL DOCUMENTS
REQUIRED OR DEEMED ADVISABLE BY THE ADMINISTRATIVE AGENT IN CONNECTION
THEREWITH.  THE TERMS OF THE NOTEHOLDER INTERCREDITOR AGREEMENT SHALL
BE BINDING ON EACH LENDER, AND ITS SUCCESSORS AND ASSIGNS.

       

      (f)  From
and after the effective date of the Noteholder Intercreditor Agreement and for
so long as the Noteholder Intercreditor Agreement is in effect, all references
in the Credit Agreement to Liens in favor of the Administrative Agent shall be
deemed to include Liens in favor of the Collateral Trustee acting pursuant to
the Noteholder Intercreditor Agreement.  Subject to Section 10.01 of
the Credit Agreement, the Lenders authorize the Administrative Agent to direct
the Collateral Trustee to take action (or refrain from taking action) under the
Collateral Documents and to instruct the Collateral Trustee to take (or refrain
from taking) any and all actions that the Administrative Agent is authorized to
take pursuant to the Credit Agreement with respect to Collateral and matters
incidental thereto.”

       

      (m)           Exhibit C to the
Credit Agreement (Compliance Certificate) is amended by replacing Schedule 1 with the
schedule set forth on Annex C attached to
this Amendment, replacing Schedule 2 with
“Intentionally Deleted”, and replacing each reference to “Section 7.01(o)” on
Schedule 3 with
“Section
7.01(p)”.  All references to such schedules in the Credit
Agreement, Exhibit
C, and the other Loan Documents shall mean such schedules as amended
hereby.

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

        
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      3.           The
Required Lenders hereby (a) consent to the amendments to the Revolver Loan
Documents effected by the Second Amendment to the Revolving Credit Agreement
among the parties thereto to be dated on or about May 29, 2009, and (b) waive
the provisions of Section 7.14 of the
Credit Agreement (Amendments to Revolver Loan Documents) to the extent necessary
to permit such amendments.

       

      4.           Noteholder Intercreditor
Agreement, Second Amendment to Intercreditor Agreement and Amendments to and
Restatements of Collateral Documents.

       

      (a)           Noteholder Intercreditor
Agreement.  The undersigned Lenders hereby (i) consent to the
terms of the Noteholder Intercreditor Agreement and agree to be bound thereby,
and (ii) authorize and instruct the Administrative Agent to (A) enter into the
Noteholder Intercreditor Agreement on behalf of the Lenders, and (B) take all
actions and execute all documents required or deemed advisable by the
Administrative Agent in connection therewith.  The terms of the
Noteholder Intercreditor Agreement shall be binding on all Lenders, and their
successors and assigns.

       

      (b)           Amendment to Intercreditor
Agreement.  The undersigned Lenders hereby (i) consent to the
terms of the Second Amendment to Intercreditor Agreement and agree to be bound
thereby, and (ii) authorize and instruct the Administrative Agent to (A) enter
into the Second Amendment to Intercreditor Agreement on behalf of the Lenders,
and (B) take all actions and execute all documents required or deemed advisable
by the Administrative Agent to effectuate the foregoing.  The
Intercreditor Agreement, as amended pursuant to the Second Amendment to
Intercreditor Agreement, shall be binding on all Lenders, and their successors
and assigns.

       

      (c)           Amendments to and
Restatements of Collateral Documents; Actions under Collateral
Documents.  The undersigned Lenders hereby authorize the
Administrative Agent to (i) assign the Administrative Agent’s Liens
and other rights and interests under the Collateral Documents to the collateral
trustee(s) named in the Noteholder Intercreditor Agreement (collectively, the
“Collateral
Trustee”), (ii) enter into such amendments to and restatements of the
Collateral Documents, and enter into other documents or instruments, as may be
required by or deemed acceptable to the Administrative Agent to effectuate the
pari passu status of the Liens securing the Obligations and the Liens securing
the Section 7.03(m) Indebtedness, and (iii) subject to Section 10.01 of the
Credit Agreement, the Lenders authorize the Administrative Agent to direct the
Collateral Trustee to take action (or refrain from taking action) under the
Collateral Documents and to instruct the Collateral Trustee to take (or refrain
from taking) any and all actions that the Administrative Agent is authorized to
take pursuant to the Credit Agreement with respect to Collateral and matters
incidental thereto.

       

      (d)           Acknowledgement by
Lenders. Notwithstanding anything herein or in any Loan Document to the
contrary, the Liens and security interests securing the Obligations and the
exercise of any right or remedy by the Administrative Agent or the Collateral
Trustee pursuant to the Loan Documents will be subject to (i) the provisions of
the Noteholder Intercreditor Agreement, and (ii) the provisions of the
Intercreditor Agreement as amended pursuant to Section 4(b) of this
Amendment.  Pursuant to the terms of the Intercreditor Agreement, in
the event of any conflict between the terms of the Intercreditor Agreement and
any of the Loan Documents, the provisions of the Intercreditor Agreement shall
govern and control.  Pursuant to the terms of the Noteholder
Intercreditor Agreement, in the event of any conflict between the terms of the
Noteholder Intercreditor Agreement

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

        
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      and
any of the Loan Documents, the provisions of the Noteholder Intercreditor
Agreement shall govern and control.

       

      5.           Full Force and Effect of
Agreement. Except as hereby specifically amended, modified or
supplemented, the Borrower hereby acknowledges and agrees that the Credit
Agreement and all of the other Loan Documents are hereby confirmed and ratified
in all respects and shall remain in full force and effect according to their
respective terms.  The Borrower and each of the other Loan Parties
hereby confirm and agree that all Liens and other security interests now or
hereafter held by the Administrative Agent for the benefit of the Lenders as
security for payment of the Obligations are the legal, valid and binding
obligations of the Borrower and the Loan Parties, remain in full force and
effect, and are unimpaired by this Amendment.

       

      6.           Representations and
Warranties. The Borrower hereby certifies that:

       

      (a)           
prior to and after giving effect to this Amendment, the representations and
warranties of the Borrower contained in Article V of the
Credit Agreement, or which are contained in any Loan Document or other document
furnished at any time under or in connection with the Credit Agreement, that are
qualified by materiality are true and correct on and as of the date hereof, and
each of the representations and warranties of the Borrower contained in Article V of the
Credit Agreement, or which are contained in any Loan Document or other document
furnished at any time under or in connection with the Credit Agreement, that are
not qualified by materiality are true and correct in all material respects on
and as of the date hereof, except, in each case, to the extent that such
representations and warranties specifically refer to an earlier date, in which
case they are true and correct, or true and correct in all material respects, as
the case may be, as of such earlier date;

       

      (b)           the
Persons appearing as Guarantors on the signature pages to this Amendment
constitute all Persons who are required to be Guarantors pursuant to the terms
of the Credit Agreement and the other Loan Documents, including without
limitation all Persons who were required to become Guarantors after the Closing
Date, and each of such Persons has become and remains a party to a Guaranty as a
Guarantor;

       

      (c)           this
Amendment has been duly authorized, executed and delivered by the Borrower and
each Guarantor party hereto and constitutes a legal, valid and binding
obligation of such parties, except as may be limited by general principles of
equity, by concepts of reasonableness or by the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally; and

       

      (d)           prior
to and after giving effect to this Amendment, no Default or Event of Default
exists.

       

      7.           Conditions to
Effectiveness. This Amendment shall be effective on the date (the “Second Amendment Effective
Date”) upon which the following conditions precedent have been
satisfied:

       

      (a)           the
Administrative Agent shall have received counterparts of this Amendment executed
by the Borrower, the Guarantors and the Required Lenders; and

       

      (b)           the
Borrower shall have paid all fees then due and payable to Banc of America
Securities LLC, and fees and expenses required to be reimbursed or paid by the
Borrower pursuant to the Loan Documents, including the fees and expenses of
counsel to the Administrative Agent, in each case to the extent invoiced to the
Borrower at least one Business Day prior to the Second Amendment Effective
Date.

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

        
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      8.           Waiver of Notice of
Prepayment.  The Administrative Agent and Required Lenders
waive the requirement in Section 2.03 of the
Credit Agreement that the Borrower provide the Administrative Agent with prior
notice of prepayment of the Loans upon the issuance of Section 7.03(m)
Indebtedness.

       

      9.           Counterparts.  This
Amendment 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.   Delivery of an executed counterpart of this
Agreement by telecopy or in electronic form shall be effective as the delivery
of a manually executed counterpart.

       

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

       

      11.           Enforceability.
Should any one or more of the provisions of this Amendment be determined to be
illegal or unenforceable as to one or more of the parties hereto, all other
provisions nevertheless shall remain effective and binding on the parties
hereto.

       

      12.           No Novation. This
Amendment is given as an amendment and modification of, and not as a payment of,
the Obligations of the Borrower and the other Loan Parties and is not intended
to constitute a novation of the Credit Agreement. All of the indebtedness,
liabilities and obligations owing by the Borrower and each other Loan Party
under the Credit Agreement and the other Loan Documents shall
continue.

       

      13.           Successors and
Assigns. This Amendment shall be binding upon and inure to the benefit of
each of the Borrower, the Lenders and the Administrative Agent and their
respective successors, assigns and legal representatives; provided, however, that the
Borrower, without the prior consent of the Administrative Agent, may not assign
any rights, powers, duties or obligations hereunder.

       

      [Remainder
of Page Intentionally Left Blank. Signature Pages Follow.]

       

       

       

       

       

      SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT

      
        
          
          

        

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

       

      
      

       

      
        	
                BORROWER:

              	 
	 	 	 
	
                WESTERN
      REFINING, INC.,

                
                  a
      Delaware corporation

                

              	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

      

       

       

       

      
        SIGNATURE
PAGE TO

        SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                
                  BANK
      OF AMERICA, N.A.,

                  as Administrative
      Agent

                

              	 
	 	 	 
	 	 	 
	By: 	/s/ Ronald E.
      McKaig	 
	 	Ronald E.
      McKaig	 
	 	Senior Vice
      President	 

      

       

       

      
        
           

          SIGNATURE
PAGE TO

          SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
       

      REAFFIRMATION
OF GUARANTORS

       

      By
signing below, each Guarantor (a) acknowledges, consents and agrees to the
execution, delivery and performance by the Borrower of this Amendment, (b)
acknowledges and agrees that its obligations in respect of the Guaranty and
other Loan Documents to which it is a party are not released, diminished,
waived, modified, impaired or affected in any manner by this Amendment or any of
the provisions contemplated herein, (c) ratifies and confirms its obligations
under such Guaranty and other Loan Documents, and (d) acknowledges that prior to
and after giving effect to this Amendment, the representations and warranties of
such Guarantor in its Guaranty, or which are contained in any Loan Document or
other document to which it is a party furnished at any time under or in
connection with its Guaranty and the Credit Agreement, that are qualified by
materiality are true and correct on and as of the date hereof, and each of the
representations and warranties of such Guarantor in its Guaranty, or which are
contained in any Loan Document or other document to which it is a party
furnished at any time under or in connection with its Guaranty and the Credit
Agreement, that are not qualified by materiality are true and correct in all
material respects on and as of the date hereof, except, in each case, to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct, or true and correct in all
material respects, as the case may be, as of such earlier date.

       

      
        
          	
                  GUARANTORS:

                   

                  WESTERN REFINING COMPANY,
      L.P.,

                  a
      Delaware limited partnership

                

        

      

      
         

        
          	
                  
                    
                      WESTERN REFINING GP,
      LLC,

                      
                        a
      Delaware limited liability company,

                        its
      General Partner

                      

                    

                  

                	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

        

         

         

         

        
          
            SIGNATURE
PAGE TO

            SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        
          
            	
                    
                      ASCARATE GROUP,
      LLC,

                      a
      Delaware limited liability company

                       

                      
                        By:         WESTERN REFINING COMPANY,
      L.P.,

                        a Delaware
      limited partnership, its sole
Member

                      

                    

                  

          

        

        
           

          
            	
                    
                      
                        
                          By:         WESTERN REFINING GP,
      LLC,

                          a
      Delaware limited liability company,

                          its
      General Partner

                        

                      

                    

                  	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name:
     	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

          

           

           

        

      

      
        
          	
                  
                    
                      
                        WESTERN
      REFINING GP, LLC,

                        a
      Delaware limited liability company

                      

                    

                  

                	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

        

         

         

        
          
            	
                    
                      
                        
                          WESTERN
      REFINING LP, LLC,

                          a
      Delaware limited liability company

                        

                      

                    

                  	 
	 	 	 
	 	 	 
	By: 	/s/ Joan L.
      Yori	 
	Name: 	Joan L.
    Yori	 
	Title: 	President	 

          

           

           

           

          
            
              SIGNATURE
PAGE TO

              SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            	
                    
                      
                        
                          
                            
                              CINIZA
      PRODUCTION COMPANY,

                              a
      New Mexico corporation

                              DIAL
      OIL CO., a New Mexico corporation

                              EMPIRE
      OIL CO., a California corporation

                              GIANT
      INDUSTRIES, INC., a Delaware corporation

                              WESTERN
      REFINING SOUTHWEST, INC.,

                              an
      Arizona corporation

                              GIANT
      FOUR CORNERS, INC., an Arizona
      corporation

                              WESTERN
      REFINING TERMINALS, INC.,

                              an
      Arizona corporation

                              WESTERN
      REFINING PIPELINE COMPANY,

                              a
      New Mexico corporation

                              GIANT
      STOP-N-GO OF NEW MEXICO, INC.,

                              a
      New Mexico corporation

                              WESTERN
      REFINING YORKTOWN, INC.,

                              a
      Delaware corporation

                              WESTERN
      REFINING WHOLESALE, INC.,

                              an
      Arizona corporation

                              SAN
      JUAN REFINING COMPANY,

                            

                            a
      New Mexico corporation

                          

                        

                      

                    

                  	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

          

           

           

           

          
            
              SIGNATURE
PAGE TO

              SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENTEXHIBIT 10.2

     

    
      SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

       

      THIS
SECOND AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”)
is made and entered into as of May 29, 2009, by and among WESTERN
REFINING, INC., a Delaware corporation (the “Borrower”),
EACH
LENDER SIGNATORY HERETO, and BANK
OF AMERICA, N.A., as the administrative agent for the Lenders (in such
capacity, the “Administrative
Agent”), Swing Line Lender, L/C Issuer and a Lender.

       

      W
I T N E S S E T H:

       

      WHEREAS,
the Administrative Agent, the lenders from time to time party thereto
(collectively, the “Lenders”
and individually, each, a “Lender”)
and the Borrower are parties to that certain Revolving Credit Agreement dated as
of May 31, 2007, as amended by that certain First Amendment to Revolving Credit
Agreement dated as of June 30, 2008 (the “Credit
Agreement”; capitalized terms used herein but not otherwise defined
herein shall have the meanings assigned to such terms in the Credit
Agreement);

       

      WHEREAS,
the Borrower has requested that certain terms of the Credit Agreement be amended
in the manner set forth herein;

       

      WHEREAS,
the Administrative Agent and the Required Lenders, subject to the terms and
conditions contained herein, have agreed to such amendments, to be effective as
of the Second Amendment Effective Date (as defined below);
and

       

      WHEREAS,
the Borrower, the Administrative Agent and the Required Lenders acknowledge that
the terms of this Amendment constitute an amendment and modification of, and not
a novation of, the Credit Agreement.

       

      NOW,
THEREFORE, in consideration of the mutual covenants and the fulfillment
of the conditions set forth herein, the parties hereby agree as
follows:

       

      1.           
Definitions.  From
and after the Second Amendment Effective Date, the term “Credit Agreement” or
“Agreement” (as the case may be), as used herein, in the Credit Agreement and in
the other Loan Documents, shall mean the Credit Agreement as hereby amended and
modified, and as further amended, restated, modified, replaced or supplemented
from time to time as permitted thereby.

       

      2.           
Amendments
to, Additions of, and Restatements of Terms of the Credit
Agreement.  Subject to the conditions hereof and upon
satisfaction of the terms set forth in Section
7 hereof, the Credit Agreement is hereby amended as follows:

       

      (a)           The
first paragraph of the definition of “Consolidated
EBITDA” set forth in Section
1.01 of the Credit Agreement (Defined Terms) is amended in its entirety
to read as follows:

       

      “‘Consolidated
EBITDA’ means, for any period of one or more fiscal quarters, for the
Borrower and its Subsidiaries on a consolidated basis, an amount equal to
Consolidated Net Income for such period plus (a) the following to the extent
deducted in calculating such Consolidated Net Income: (i) Consolidated Interest
Charges for such period, (ii) the provision for Federal, state, local and
foreign income taxes payable by the Borrower and its Subsidiaries for such
period, (iii) depreciation and amortization expense, (iv) if the outstanding
principal amount of Indebtedness under the Term Loan Credit Agreement is equal
to or less than $800,000,000 as of the last day of such period,
maintenance

       

       

      
        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          Page
1

          
            

          

        

        
          
          

        

         

      

      turnaround
expenses incurred by the Borrower and its Subsidiaries during such period in an
aggregate amount not to exceed $25,000,000, and (v) other non-recurring expenses
of the Borrower and its Subsidiaries reducing such Consolidated Net Income which
do not represent a cash item in such period or any future period and minus (b)
the following to the extent included in calculating such Consolidated Net
Income: all non-cash items increasing Consolidated Net Income for such
period.”

       

      (b)           The
definition of “Restricted
Payment” set forth in Section
1.01 of the Credit Agreement (Defined Terms) is amended by adding the
following to the end thereof:

       

      “For the
avoidance of doubt, (x) a payment of principal of or interest on debt securities
convertible into or exchangeable, in whole or in part, for shares of capital
stock of (or other ownership or profit interests in) the Borrower or any
Subsidiary, or (y) a payment made in cash in satisfaction of the Borrower’s or
such Subsidiary’s obligations with respect to the conversion or exchange of any
such securities shall not, in either case, constitute a Restricted
Payment.”

       

      (c)           Sections
2.14(a) of the Credit Agreement (Borrowing Base Redeterminations;
Mandatory Prepayments of Loans) is amended by (i) replacing “85%” in subsection
(D) thereof with “80%”, and (ii) deleting the last sentence
thereof.

       

      (d)           Section
2.14(b) of the Credit Agreement (Borrowing Base Redeterminations;
Mandatory Prepayments of Loans) is amended by (i) replacing “80%” in the first
sentence thereof with “60%”, and (ii) deleting the last sentence
thereof.

       

      (e)           Section
7.11 of the Credit Agreement (Financial Covenants) is amended by adding
the following to the end thereof:

       

      “From and
after the date (the “Prepayment
Date”) the outstanding principal amount of Indebtedness under the Term
Loan Credit Agreement is reduced to an amount that is equal to or less than
$800,000,000, the provisions of subsections
(a) through (e)
of this Section
7.11 shall no longer apply.  Instead, (x) if the Prepayment
Date is on or before September 30, 2010, then (i) as of the last day of the
fiscal quarter during which the Prepayment Date occurs and the last day of each
fiscal quarter thereafter through September 30, 2010, the Borrower shall not
permit the Consolidated Interest Coverage Ratio to be less
than 2.00 to 1.00, or the Consolidated Leverage Ratio to be greater
than 4.50 to 1.00, and (ii) as of December 31, 2010 and the last day of each
fiscal quarter thereafter, the Borrower shall not permit the Consolidated
Interest Coverage Ratio to be less
than 2.50 to 1.00, or the Consolidated Leverage Ratio to be greater
than 4.00 to 1.00, and (y) if the Prepayment Date is after September 30, 2010,
then on the last day of the fiscal quarter during which the Prepayment Date
occurs and the last day of each fiscal quarter thereafter, the Borrower shall
not permit the Consolidated Interest Coverage Ratio to be less
than 2.50 to 1.00, or the Consolidated Leverage Ratio to be greater
than 4.00 to 1.00.”

       

      (f)           Exhibit
C to the Credit Agreement (Compliance Certificate) is amended by
replacing Schedule
1 with the schedule set forth on Annex
A attached to this Amendment and Schedule
2 with “Intentionally Deleted”.  All references to such
schedules in the Credit

       

       

      
        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          Page
2

          
            

          

        

        
          
          

        

         

      

      Agreement,
Exhibit
C, and the other Loan Documents shall mean such schedules as amended
hereby.

       

      3.           The
Required Lenders hereby (a) consent to the amendments to the Term Loan Documents
effected by the Second Amendment to the Term Loan Credit Agreement among the
parties thereto dated May 29, 2009, (b) waive the provisions of Section
7.14 of the Credit Agreement (Amendments to Term Loan Documents) to the
extent necessary to permit such amendments, and (c) agree that, for the
avoidance of doubt, clause
(i) of Section
7.14 shall not be construed to prohibit the issuance of Refinancing
Indebtedness permitted under Section
7.03(b).

       

      4.           
Amendment to Intercreditor Agreement.

       

      (a)           Amendment
to Intercreditor Agreement.  The undersigned Lenders hereby
authorize and instruct the Administrative Agent to (i) enter into one or more
amendments to the Intercreditor Agreement to reflect that the Refinancing
Indebtedness is secured on a pari passu basis with the Term Loan Indebtedness,
and to make such other amendments to the Intercreditor Agreement incidental to
and in connection with the foregoing as shall be satisfactory to the
Administrative Agent, and (ii) take all actions and execute all documents
required or deemed advisable by the Administrative Agent to effectuate the
foregoing.

       

      (b)           Acknowledgement
by Lenders. Notwithstanding anything herein or in any Loan Document to
the contrary, the Liens and security interests granted to the Administrative
Agent pursuant to the Loan Documents and the exercise of any right or remedy by
the Administrative Agent pursuant to the Loan Documents will be subject to the
provisions of the Intercreditor Agreement, as amended pursuant to Section
4(a) of this Amendment.  Pursuant to the terms of the
Intercreditor Agreement, in the event of any conflict between the terms of the
Intercreditor Agreement and any of the Loan Documents, the provisions of the
Intercreditor Agreement shall govern and control.

       

      5.           Full
Force and Effect of Agreement. Except as hereby specifically amended,
modified or supplemented, the Borrower hereby acknowledges and agrees that the
Credit Agreement and all of the other Loan Documents are hereby confirmed and
ratified in all respects and shall remain in full force and effect according to
their respective terms.  The Borrower and each of the other Loan
Parties hereby confirm and agree that all Liens and other security interests now
or hereafter held by the Administrative Agent for the benefit of the Lenders as
security for payment of the Obligations are the legal, valid and binding
obligations of the Borrower and the Loan Parties, remain in full force and
effect, and are unimpaired by this Amendment.

       

      6.           Representations
and Warranties. The Borrower hereby certifies that:

       

      (a)           prior
to and after giving effect to this Amendment, the representations and warranties
of the Borrower contained in Article
V of the Credit Agreement, or which are contained in any Loan Document or
other document furnished at any time under or in connection with the Credit
Agreement, that are qualified by materiality are true and correct on and as of
the date hereof, and each of the representations and warranties of the Borrower
contained in Article
V of the Credit Agreement, or which are contained in any Loan Document or
other document furnished at any time under or in connection with the Credit
Agreement, that are not qualified by materiality are true and correct in all
material respects on and as of the date hereof, except, in each case, to the
extent that such representations and warranties specifically refer to an
earlier

       

       

      
        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          Page
3

          
            

          

        

        
          
          

        

         

      

      date, in
which case they are true and correct, or true and correct in all material
respects, as the case may be, as of such earlier date;

       

      (b)           the
Persons appearing as Guarantors on the signature pages to this Amendment
constitute all Persons who are required to be Guarantors pursuant to the terms
of the Credit Agreement and the other Loan Documents, including without
limitation all Persons who were required to become Guarantors after the Closing
Date, and each of such Persons has become and remains a party to a Guaranty as a
Guarantor;

       

      (c)           this
Amendment has been duly authorized, executed and delivered by the Borrower and
each Guarantor party hereto and constitutes a legal, valid and binding
obligation of such parties, except as may be limited by general principles of
equity, by concepts of reasonableness or by the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally; and

       

      (d)           prior
to and after giving effect to this Amendment, no Default or Event of Default
exists.

       

      7.           Conditions
to Effectiveness. This Amendment shall be effective on the date (the
“Second
Amendment Effective Date”) upon which the following conditions precedent
have been satisfied:

       

      (a)           the
Administrative Agent shall have received counterparts of this Amendment executed
by the Borrower, the Guarantors and the Required Lenders;

       

      (b)           the
Administrative Agent shall have received (i) evidence that the L/C Credit
Agreement has been terminated, and (ii) a certificate of a Responsible Officer
of the Borrower certifying that there are no outstanding letters of credit under
the L/C Credit Agreement and the Borrower has repaid all amounts owing under
such agreement; and

       

      (c)           the
Borrower shall have paid (i) all fees then due and payable to Banc of America
Securities LLC, for its own account, (ii) a fee to Administrative Agent, for the
benefit of each Lender executing this Amendment by 5:00 p.m. on Friday, May 29,
2009, in the amount of twenty-five basis points (0.25%) times each such Lender’s
Commitment, and (iii) fees and expenses required to be reimbursed or paid by the
Borrower pursuant to the Loan Documents, including the fees and expenses of
counsel to the Administrative Agent, in each case to the extent invoiced to the
Borrower at least one Business Day prior to the Second Amendment Effective
Date.

       

      8.           Counterparts.
This Amendment 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.   Delivery of an executed counterpart of this
Agreement by telecopy or in electronic form shall be effective as the delivery
of a manually executed counterpart.

       

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

       

      10.           Enforceability.
Should any one or more of the provisions of this Amendment be determined to be
illegal or unenforceable as to one or more of the parties hereto, all other
provisions nevertheless shall remain effective and binding on the parties
hereto.

       

       

      
        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          Page
4

          
            

          

        

        
          
          

        

         

      

      11.           No
Novation. This Amendment is given as an amendment and modification of,
and not as a payment of, the Obligations of the Borrower and the other Loan
Parties and is not intended to constitute a novation of the Credit Agreement.
All of the indebtedness, liabilities and obligations owing by the Borrower and
each other Loan Party under the Credit Agreement and the other Loan Documents
shall continue.

       

      12.           Successors
and Assigns. This Amendment shall be binding upon and inure to the
benefit of each of the Borrower, the Lenders and the Administrative Agent and
their respective successors, assigns and legal representatives; provided,
however,
that the Borrower, without the prior consent of the Administrative Agent,
may not assign any rights, powers, duties or obligations hereunder.

       

       [Remainder
of Page Intentionally Left Blank. Signature Pages Follow.]

       

       

       

       

       

       

      
        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          Page
5

          
            

          

        

        
          
          

        

         

      

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

       

      
        
        

         

        
          	
                  BORROWER:

                	 
	 	 	 
	
                  WESTERN
      REFINING, INC.,

                  
                    a
      Delaware corporation

                  

                	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

        

         

         

         

        
          SIGNATURE
PAGE TO

          SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      
        
          	
                  
                    BANK
      OF AMERICA, N.A.,

                    as
      Administrative Agent

                  

                	 
	 	 	 
	 	 	 
	By: 	/s/ Ronald E.
      McKaig	 
	 	Ronald E.
      McKaig	 
	 	Senior Vice
      President	 

        

         

         

         

        
          SIGNATURE
PAGE TO

          SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
           

          
            
              	
                      
                        
                          BANK
      OF AMERICA, N.A.,

                          as
      L/C Issuer, Swing Line Lender, and a Lender

                        

                      

                    	 
	 	 	 
	 	 	 
	By: 	/s/ Ronald E.
      McKaig	 
	 	Ronald E.
      McKaig	 
	 	Senior Vice
      President	 

            

             

             

             

            
              SIGNATURE
PAGE TO

              SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
           

          
            
              	
                      
                        
                          
                            ABN
      AMRO BANK N.V.,

                            as
      a Lender

                          

                        

                      

                    	 
	 	 	 
	 	 	 
	By: 	/s/ Jim
    Moyes	 
	Name: 	Jim Moyes	 
	Title: 	Managing
      Director	 

            

             

          

        

      

      
        
          
            
              
                	By: 	/s/ Todd
      Vaubel	 
	Name: 	Todd
Vaubel	 
	Title: 	Vice
    President	 

              

               

               

               

              
                SIGNATURE
PAGE TO

                SECOND
AMENDMENT TO REVOLVING CREDIT
AGREEMENT

              

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          
             

          

        

      

      
        
          
            
              
                	
                        
                          
                            
                              
                                
                                  BNP
      PARIBAS

                                  as
      a Lender

                                

                              

                            

                          

                        

                      	 
	 	 	 
	 	 	 
	By: 	/s/ Larry
      Robinson	 
	Name: 	Larry
    Robinson	 
	Title: 	Director	 

              

               

            

          

        

        
          
            
              
                
                  	By: 	/s/ Courtney
      Kubesch	 
	Name: 	Courtney
      Kubesch	 
	Title: 	Vice
    President	 

                

                 

                 

                 

                
                  SIGNATURE
PAGE TO

                  SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

                

                
                  
                    
                    

                  

                  
                    
                    

                    
                      

                    

                  

                  
                    
                    

                  

                

              

            

          

        

      

       

        
          
            
              
                	
                        
                          
                            
                              
                                
                                  
                                    THE
      BANK OF NOVA SCOTIA,

                                    as
      a Lender

                                  

                                

                              

                            

                          

                        

                      	 
	 	 	 
	 	 	 
	By: 	/s/ Andrew
      Ostrov	 
	Name: 	Andrew
    Ostrov	 
	Title: 	Director	 

              

               

            

          

        

        
          
            
              
                 

                 

                
                  SIGNATURE
PAGE TO

                  SECOND
AMENDMENT TO REVOLVING CREDIT
AGREEMENT

                

              

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

        
          
             

          

        

      

      
        
          
            
              
                
                  	
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              CAPITAL
      ONE NATIONAL ASSOCIATION,

                                              as
      a
      Lender

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        	 
	 	 	 
	 	 	 
	By: 	/s/ Paul D.
      Hein	 
	Name: 	Paul D.
    Hein	 
	Title: 	Vice
    President	 

                

                 

              

            

          

          
            
              
                
                   

                   

                  
                    SIGNATURE
PAGE TO

                    SECOND
AMENDMENT TO REVOLVING CREDIT
AGREEMENT

                  

                

              

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              
                
                  
                    	
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  COMERICA
      BANK,

                                                  as
      a
      Lender

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          	 
	 	 	 
	 	 	 
	By: 	/s/ De Von
      Lang	 
	Name: 	De Von
Lang	 
	Title: 	Corporate Banking
      Officer	 

                  

                   

                

              

            

            
              
                
                  
                    
                      	By: 	 	 
	Name: 	 	 
	Title: 	 	 

                    

                     

                     

                     

                    
                      SIGNATURE
PAGE TO

                      SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

                    

                    
                      
                        
                        

                      

                      
                        
                        

                        
                          

                        

                      

                      
                        
                        

                      

                    

                  

                

              

            

          

        

      

      
         

        
          
            
              
                
                  
                    	
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    COMMERZBANK
      AG, NEW YORK & GRAND

                                                    CAYMAN
      BRANCHES,

                                                    as
      a
      Lender

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          	 
	 	 	 
	 	 	 
	By: 	/s/ Mary
      Harold	 
	Name: 	Mary
Harold	 
	Title: 	SVP	 

                  

                   

                

              

            

            
              
                
                  
                    
                      	By: 	/s/ John
      Carlos	 
	Name: 	John
Carlos	 
	Title: 	VP	 

                    

                     

                     

                     

                    
                      SIGNATURE
PAGE TO

                      SECOND
AMENDMENT TO REVOLVING CREDIT
AGREEMENT

                    

                  

                

              

            

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          
             

            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  COMPASS
      BANK,

                                                                  as
      a
      Lender

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    	 
	 	 	 
	 	 	 
	By: 	/s/ Payton
      Swope	 
	Name: 	Payton
    Swope	 
	Title: 	Vice
    President	 

                            

                             

                          

                        

                      

                      
                        
                          
                            
                              
                                	By: 	 	 
	Name: 	 	 
	Title: 	 	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

             

             

             

            
              SIGNATURE
PAGE TO

              SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

            

          

           

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

           

        

      

      
        
          
            
              
                
                  
                    
                      
                        	
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            FORTIS
      CAPITAL CORP.,

                                                            as
      a
      Lender

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              	 
	 	 	 
	 	 	 
	By: 	/s/ Casey
      Lowary	 
	Name: 	Casey
    Lowary	 
	Title: 	Director	 

                      

                       

                    

                  

                

                
                  
                    
                      
                        
                          	By: 	/s/ Darrell
      Holley	 
	Name: 	Darrell
    Holley	 
	Title: 	Managing
      Director	 

                        

                      

                    

                  

                

              

            

          

        

      

       

       

       

      
        SIGNATURE
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        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
          
            
               

            

          

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  GUARANTY
      BANK,

                                                                  as
      a
      Lender

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                
	 	 	 
	 	 	 
	By: 	/s/ Kelly L. Elmore
      III	 
	Name: 	Kelly L. Elmore
      III	 
	Title: 	 Senior Vice
      President	 

                        

                      

                    

                  

                

              

            

          

        

      

       

       

      
        SIGNATURE
PAGE TO

        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

          
            
              
                
                  
                    
                      
                        
                          
                            	
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      MIZUHO
      CORPORATE BANK, LTD.,

                                                                    

                                                                    as
      a
      Lender

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  
	 	 	 
	 	 	 
	By: 	/s/ Leon
Mo	 
	Name: 	Leon Mo	 
	Title: 	Senior Vice
      President	 

                          

                           

                        

                      

                    

                    
                      
                        
                          
                             

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

       

       

      
        SIGNATURE
PAGE TO

        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        
           

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          NATIXIS,
as a
      Lender

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      
	 	 	 
	 	 	 
	By: 	/s/ Louis P.
      Laville, III	 
	 	Louis P. Laville,
      III	 
	 	Managing
      Director	 

                              

                               

                            

                          

                        

                        
                          
                            
                              
                                
                                  	By: 	/s/ Daniel
      Payer	 
	 	Daniel
    Payer	 
	 	Director	 

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

           

           

           

          
            SIGNATURE
PAGE TO

            SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

      

       

        
          
            
              
                
                  
                    
                      
                        
                          
                             

                          

                        

                      

                    

                  

                

              

            

          

        

      

                                                                              

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          RAYMOND
      JAMES BANK, FSB,
as a
      Lender

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      
	 	 	 
	 	 	 
	By: 	/s/ Garrett
      McKinnon	 
	Name: 	Garrett
      McKinnon	 
	Title: 	Senior Vice
      President	 

                              

                               

                               

                               

                              
                                SIGNATURE
PAGE TO

                                SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

                              

                              
                                
                                  
                                  

                                

                                
                                  
                                  

                                  
                                    

                                  

                                

                                
                                  
                                  

                                

                              

                            

                          

                        

                        
                          
                            
                              
                                                                                                        

                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          	
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    THE
      ROYAL BANK OF SCOTLAND plc,
as a
      Lender

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                
	 	 	 
	 	 	 
	By: 	/s/ Brian D.
      Williams	 
	Name: 	Brian D.
      Williams	 
	Title: 	Vice
    President	 

                                                        

                                                         

                                                         

                                                         

                                                        
                                                          SIGNATURE
PAGE TO

                                                          SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

                                                        

                                                        
                                                          
                                                            
                                                            

                                                          

                                                          
                                                            
                                                            

                                                            
                                                              

                                                            

                                                          

                                                          
                                                            
                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      
        
          
             

              
                
                  
                    
                      
                        
                          
                            
                              
                                	
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          RZB
      FINANCE LLC,
as a
      Lender

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      
	 	 	 
	 	 	 
	By: 	/s/ Shirley
      Ritch	 
	Name: 	Shirley
    Ritch	 
	Title: 	Vice
    President	 

                              

                               

                            

                          

                        

                        
                          
                            
                              
                                
                                  	By: 	/s/ John A.
      Valiska	 
	Name: 	John A.
      Valiska	 
	Title: 	First Vice
      President	 

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

           

           

           

          
            SIGNATURE
PAGE TO

            SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

          

        

      

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      
        
           

        

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                U.S.
      BANK NATIONAL ASSOCIATION,
as a
      Lender

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          
	 	 	 
	 	 	 
	By: 	/s/ Daniel K.
      Hansen	 
	Name: 	Daniel K.
      Hansen	 
	Title: 	Vice
    President	 

                                  

                                   

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

             

            
              SIGNATURE
PAGE TO

              SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

              
                
                  
                     

                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        	
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    UBS
      AG, LOAN FINANCE LLC,
as a
      Lender

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              
	 	 	 
	 	 	 
	By: 	/s/ Mary E.
      Evans	 
	Name: 	Mary E.
    Evans	 
	Title: 	Associate
      Director	 

                                      

                                       

                                    

                                  

                                

                                
                                  
                                    
                                      
                                        
                                          	By: 	/s/ Irja R.
      Otsa	 
	Name: 	Irja R.
    Otsa	 
	Title: 	Associate
      Director	 

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

                 

              

               

               

              
                SIGNATURE
PAGE TO

                SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

              

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            

          

        

      

       

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                UNITED
      OVERSEAS BANK LTD., NEW YORK AGENCY,

                                                                              
as a
      Lender

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        
	 	 	 
	 	 	 
	By: 	/s/ George
    Lim	 
	Name: 	George Lim	 
	Title: 	SVP &
    GM	 

                                

                                 

                              

                            

                          

                          
                            
                              
                                
                                  
                                    	By: 	/s/ Mario
      Sheng	 
	Name: 	Mario
Sheng	 
	Title: 	AVP	 

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

       

       

      
        SIGNATURE
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        SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

        
           

            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    WACHOVIA
      BANK, N.A.,
as a
      Lender

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            
	 	 	 
	 	 	 
	By: 	/s/ Thomas P.
      Floyd	 
	Name: 	Thomas P.
      Floyd	 
	Title: 	Vice
    President	 

                                    

                                     

                                     

                                     

                                    
                                      SIGNATURE
PAGE TO

                                      SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

                                    

                                    
                                      
                                        
                                        

                                      

                                      
                                        
                                        

                                        
                                          

                                        

                                      

                                      
                                        
                                        

                                      

                                       

                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  	
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            
                                                                                                              
                                                                                                                
                                                                                                                  WELLS
      FARGO BANK, NATIONAL
      ASSOCIATION,

                                                                                                                

                                                                                                              
as a
      Lender

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        
	 	 	 
	 	 	 
	By: 	/s/ Danny
      Oliver	 
	Name: 	Danny
    Oliver	 
	Title: 	Vice
    President	 

                                                                

                                                                 

                                                              

                                                            

                                                          

                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    	By: 	 	 
	Name: 	 	 
	Title: 	 	 

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                         

                                         

                                         

                                        
                                          SIGNATURE
PAGE TO

                                          SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

                                        

                                        
                                          
                                            
                                            

                                          

                                          
                                            
                                            

                                            
                                              

                                            

                                          

                                          
                                            
                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                              
                                
                                   

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

      REAFFIRMATION
OF GUARANTORS

       

      By
signing below, each Guarantor (a) acknowledges, consents and agrees to the
execution, delivery and performance by the Borrower of this Amendment, (b)
acknowledges and agrees that its obligations in respect of the Guaranty and
other Loan Documents to which it is a party are not released, diminished,
waived, modified, impaired or affected in any manner by this Amendment or any of
the provisions contemplated herein, (c) ratifies and confirms its obligations
under such Guaranty and other Loan Documents,  and (d) acknowledges
that prior to and after giving effect to this Amendment, the representations and
warranties of such Guarantor in its Guaranty, or which are contained in any Loan
Document or other document to which it is a party furnished at any time under or
in connection with its Guaranty and the Credit Agreement, that are qualified by
materiality are true and correct on and as of the date hereof, and each of the
representations and warranties of such Guarantor in its Guaranty, or which are
contained in any Loan Document or other document to which it is a party
furnished at any time under or in connection with its Guaranty and the Credit
Agreement, that are not qualified by materiality are true and correct in all
material respects on and as of the date hereof, except, in each case, to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct, or true and correct in all
material respects, as the case may be, as of such earlier date.

       

      
         

        
          
            	
                    GUARANTORS:

                     

                    WESTERN REFINING COMPANY,
      L.P.,

                    a
      Delaware limited partnership

                  

          

        

        
           

          
            	
                    
                      
                        WESTERN REFINING GP,
      LLC,

                        
                          a
      Delaware limited liability company,

                          its
      General Partner

                        

                      

                    

                  	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

          

           

           

           

          
            SIGNATURE
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            SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

          

        

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          
            
              	
                      
                        ASCARATE GROUP,
      LLC,

                        a
      Delaware limited liability company

                         

                        
                          By:         WESTERN REFINING COMPANY,
      L.P.,

                          a Delaware
      limited partnership, its sole
Member

                        

                      

                    

            

          

          
             

            
              	
                      
                        
                          
                            By:         WESTERN REFINING GP,
      LLC,

                            a
      Delaware limited liability company,

                            its
      General Partner

                          

                        

                      

                    	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name:
     	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

            

             

             

          

        

        
          
            	
                    
                      
                        
                          WESTERN
      REFINING GP, LLC,

                          a
      Delaware limited liability company

                        

                      

                    

                  	 
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

          

           

           

          
            
              	
                      
                        
                          
                            WESTERN
      REFINING LP, LLC,

                            a
      Delaware limited liability company

                          

                        

                      

                    	 
	 	 	 
	 	 	 
	By: 	/s/ Joan L.
      Yori	 
	Name: 	Joan L.
    Yori	 
	Title: 	President	 

            

             

             

             

            
              SIGNATURE
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              SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

          

        

      

       

      
        
          
            	
                    
                      
                        
                          
                            CINIZA
      PRODUCTION COMPANY,

                            a
      New Mexico corporation

                            DIAL
      OIL CO., a New Mexico corporation

                            EMPIRE
      OIL CO., a California corporation

                            GIANT
      INDUSTRIES, INC., a Delaware corporation

                            WESTERN
      REFINING SOUTHWEST, INC.,

                            an
      Arizona corporation

                            GIANT
      FOUR CORNERS, INC., 

                            an Arizona
      corporation

                            WESTERN
      REFINING TERMINALS, INC.,

                            an
      Arizona corporation

                            WESTERN
      REFINING PIPELINE COMPANY,

                            a
      New Mexico corporation

                            GIANT
      STOP-N-GO OF NEW MEXICO, INC.,

                            a
      New Mexico corporation

                            WESTERN
      REFINING YORKTOWN, INC.,

                            a
      Delaware corporation

                            WESTERN
      REFINING WHOLESALE, INC.,

                            an
      Arizona corporation

                            SAN
      JUAN REFINING COMPANY,

                            a
      New Mexico corporation

                          

                        

                      

                    

                  
	 	 	 
	 	 	 
	By: 	/s/ Gary
    Dalke	 
	Name: 	Gary Dalke	 
	Title: 	Chief Financial
      Officer	 

          

           

           

           

          
            SIGNATURE
PAGE TO

            SECOND
AMENDMENT TO REVOLVING CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}]]