Document:

EX-10.3

 

Exhibit 10.3

SEVENTH AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

          SEVENTH AMENDMENT, dated as of March 30, 2007 (this “Amendment”) to the AMENDED AND
RESTATED CREDIT AGREEMENT, dated as of April 28, 2005 (as amended by the First Amendment, dated as
of August 18, 2005, the Second Amendment, dated as of October 11, 2005, the Third Amendment, dated
as of December 15, 2005, the Fourth Amendment, dated as of April 18, 2006, the Fifth Amendment,
dated as of June 14, 2006, the Sixth Amendment, dated as of July 13, 2006, and as further amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”; unless
otherwise noted herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement), among MAPCO EXPRESS, INC., a Delaware corporation
(the “Borrower”), the several banks and other financial institutions or entities from time
to time parties to the Credit Agreement (the “Lenders”), LEHMAN BROTHERS INC., as advisor,
sole lead arranger and sole bookrunner (in such capacity, the “Arranger”), SUNTRUST BANK,
as syndication agent (in such capacity, the “Syndication Agent”), BANK LEUMI USA, as
co-administrative agent (in such capacity, the “Co-Administrative Agent”), and LEHMAN
COMMERCIAL PAPER INC., as administrative agent (in such capacity, the “Administrative
Agent”).

W I T N E S S E T H:

          WHEREAS, the Borrower intends to acquire (the “Calfee Acquisition”) certain
convenience stores and related assets, including 71 fee owned parcels and 36 leasehold parcels
located in Alabama, Georgia and Tennessee pursuant to a purchase agreement (the “Calfee
Acquisition Agreement”) dated as of February 8, 2007, among the Borrower and the sellers party
thereto for an aggregate purchase price not exceeding $80,000,000 (the “Calfee Purchase
Price”);

          WHEREAS, the Borrower intends to borrow up to $65,000,000 from Holdings (the “Calfee
Acquisition Note”) to (i) finance a portion of the consideration for the Calfee Acquisition and
(ii) pay related fees and expenses in connection with the Calfee Acquisition;

          WHEREAS, the Borrower requested the Lenders make certain other amendments to the Credit
Agreement to permit the Calfee Acquisition and the Calfee Acquisition Note and to make certain
other amendments on the terms and subject to the conditions set forth herein; and

          WHEREAS, the Lenders have agreed to make such amendments solely upon the terms and conditions
provided for in this Amendment;

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

 

2

          1. Defined Terms. Unless otherwise noted herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

          2. Amendment to Section 1.1 of the Credit Agreement (Defined Terms). (a) Section 1.1
of the Credit Agreement is hereby amended by:

          (i) deleting the reference to “$100,000” in the definition of “Asset Sale” and
substituting a reference to “$500,000” in lieu thereof;

          (ii) deleting the first parenthetical in the definition of “Asset Sale” and
substituting the following in lieu thereof:

“(excluding any such Disposition permitted by clause (a), (b), (c), (d) or (g) of
Section 7.5 and any lease or sublease of real property);”

          (iii) deleting the definition of “Capital Expenditures” in its entirety and
substituting the following in lieu thereof:

          ‘“Capital Expenditures”: for any period, with respect to any Person,
the aggregate of all expenditures by such Person for the acquisition, development or
leasing (pursuant to a capital lease) of fixed or capital assets or additions to
equipment (including replacements, capitalized repairs and improvements during such
period) which are required to be capitalized under GAAP on a balance sheet of such
Person. Notwithstanding anything to the contrary contained herein, “Capital
Expenditures” shall not include (i) the payment of the FAST Purchase Price by the
Borrower as consideration for the FAST Acquisition, (ii) the payment of the Calfee
Purchase Price by the Borrower as consideration for the Calfee Acquisition or (iii)
any expenditures made to acquire any Property permitted by Section 7.8(g).’

          (iv) amending the definition of “Consolidated EBITDA” by (x) deleting the word “and” at
the end of clause (ix) in the proviso thereto, (y) deleting the “.” at the end of clause (x)
in the proviso thereto and substituting in lieu thereof “; and” and (z) inserting the
following new clause (xi) in the appropriate order:

          “(xi) solely for the purpose of determining Consolidated EBITDA for the
following periods, Consolidated EBITDA shall, without duplication, be increased as a
result of the Calfee Acquisition by amounts deemed attributable to the assets
acquired in the Calfee Acquisition: (w) for the four fiscal quarters ended March 31,
2007 by an amount equal to $10,200,000, (x) for the four fiscal quarters ended June
30, 2007 by an amount equal to $7,650,000, (y) for the four fiscal quarters ended
September 30, 2007 by an amount equal to $5,100,000 and (z) for the four fiscal
quarters ended December 31, 2007 by an amount equal to $2,550,000.”

 

3

          (v) inserting the words “, Parent Subordinated Debt” immediately following the words
“MFC Intercompany Debt” in the proviso of the definition of “Indebtedness”;

          (vi) deleting the reference to “$25,000,000” in the definition of “L/C Commitment” and
substituting a reference to “$30,000,000” in lieu thereof;

          (vii) deleting the reference to “$1,500,000” in the definition of “Material
Environmental Amount” and substituting a reference to $3,000,000” in lieu thereof;

          (viii) deleting the reference to “$5,000,000” in the definition of “Swing Line
Commitment” and substituting a reference to “$7,000,000” in lieu thereof;

          (b) Section 1.1 of the Credit Agreement is hereby further amended by inserting the
following new definitions in the appropriate alphabetical order:

          “Attributable Debt”: as to any sale and leaseback transaction, at the
time of determination, the present value (discounted at the rate of interest implicit
in such transaction, determined in accordance with GAAP) of the obligation of the
lessee for net rental payments during the remaining term of the lease included in
such sale and leaseback transaction (including any period for which such lease has
been extended or may, at the option of the lessor, be extended).

          “Calfee Acquisition”: as defined in the Seventh Amendment.

          “Calfee Acquisition Agreement”: as defined in the Seventh Amendment.

          “Calfee Acquisition Documentation”: collectively, the Calfee
Acquisition Agreement and all schedules, exhibits, annexes and amendments thereto
and all side letters and agreements affecting the terms thereof or entered into in
connection therewith.

          “Calfee Acquisition Note”: as defined in the Seventh Amendment.

          “Calfee Purchase Price”: as defined in the Seventh Amendment.

          “La Gloria Termination Condition”: the Administrative Agent shall have
received satisfactory evidence from the Borrower that the obligations of the
Borrower under the La Gloria Management Agreement have been transferred to Delek US
Holdings, Inc. and that the Borrower has no further outstanding obligations to
provide any services thereunder.

          “Parent Subordinated Debt”: the Indebtedness of the Borrower to
Holdings permitted by Section 7.2(j) and subject to a Parent Subordination
Agreement.

          “Parent Subordinated Debt Documentation”: the documentation evidencing
the subordinated Indebtedness of the Borrower to Holdings described

 

4

in Section 7.2(j), including, without limitation, any Parent Subordination
Agreement, as amended, supplemented or otherwise modified from time to time in
accordance with Section 7.15.

          “Parent Subordination Agreement”: a subordination agreement,
substantially in the form of Exhibit C to the Seventh Amendment or in form
and substance otherwise satisfactory to the Administrative Agent, as the same may be
amended, supplemented or otherwise modified from time to time in accordance with
Section 7.15.

          “Seventh Amendment”: the Seventh Amendment to this Agreement, dated as
of March 30, 2007.

          “Seventh Amendment Effective Date”: the Seventh Amendment Effective
Date as defined in Section 24 of the Seventh Amendment, which date is March 30,
2007.

     3. Amendments to Section 2.10 of the Credit Agreement (Mandatory Prepayments). (a)
Section 2.10(a) of the Credit Agreement is hereby amended by inserting immediately following the
words “and any Indebtedness of the Borrower in favor of Holdings which is subject to the
Subordination Agreement” in the first parenthetical thereof, the words “, the Parent Subordination
Agreement”.

     (b) Section 2.10 of the Credit Agreement is hereby further amended by deleting the
reference to “$2,500,000” in Section 2.10(c) and substituting a reference to “$5,000,000” in
lieu thereof.

     4. Amendments to Section 2.25 of the Credit Agreement (Incremental Loans). (a)
Section 2.25 of the Credit Agreement is hereby amended by inserting the words “after the Seventh
Amendment Effective Date and” immediately following the words “At any time” in Section 2.25(a).

     (b) Section 2.25 of the Credit Agreement is hereby further amended by inserting the
following new Section 2.25(c) in the appropriate alphabetical order:

     “(c) Prior to or concurrently with the initial incurrence of any Incremental
Loans, to the extent not previously delivered, the Administrative Agent shall have
received a mortgage amendment increasing the amount of the Facilities covered to
$335,000,000 for each Mortgage as the Administrative Agent shall reasonably determine
is necessary to maintain the priority of the first mortgage Lien encumbering the
relevant Mortgaged Property, executed and delivered by a duly authorized officer of
the relevant Loan Party.”

          5. Amendments to Section 2.26 of the Credit Agreement (Increases in Revolving Credit
Commitments). (a) Section 2.26 of the Credit Agreement is hereby amended by inserting the
words “after the Seventh Amendment Effective Date and” immediately following the words “At any
time” in Section 2.26(a).

 

5

     (b) Section 2.26 of the Credit Agreement is hereby further amended by:

     (i) deleting the reference to the amount “$285,000,000” in Section
2.26(e) and substituting in lieu thereof a reference to “$335,000,000” in
lieu thereof; and

     (ii) inserting the following new Section 2.26(f) in the appropriate
alphabetical order:

          “(f) Prior to or concurrently with the initial increase of the
Revolving Credit Commitments pursuant to this Section 2.26, to the extent
not previously delivered, the Administrative Agent shall have received a
mortgage amendment increasing the amount of the Facilities covered to
$335,000,000 for each Mortgage as the Administrative Agent shall reasonably
determine is necessary to maintain the priority of the first mortgage Lien
encumbering the relevant Mortgaged Property, executed and delivered by a
duly authorized officer of the relevant Loan Party.”

          6. Amendment to Section 4.10 of the Credit Agreement (Taxes). Section 4.10 of the
Credit Agreement is hereby amended by deleting it in its entirety and substituting the following
new Section 4.10 in lieu thereof:

     “The Borrower and each of its Subsidiaries have filed or caused to be filed all
federal and state income tax returns and other material tax returns that are required
to be filed and has paid all taxes shown to be due and payable on said returns or on
any assessments made against it or any of its Property and all other material taxes,
fees or other charges imposed on it or any of its Property by any Governmental
Authority (other than any the amount or validity of which are currently being
contested in good faith by appropriate proceedings and with respect to which reserves
in conformity with GAAP have been provided on the books of the Borrower or its
Subsidiaries, as the case may be); and no material tax Lien has been filed, and, to
the knowledge of the Borrower, no claim is being asserted, with respect to any such
tax, fee or other charge (other than Liens for current taxes not yet due and
payable).”

          7. Amendment to Section 6.1 of the Credit Agreement (Financial Statements). Section
6.1(a) of the Credit Agreement is hereby amended by inserting the following proviso at the end of
such Section:

“, provided that, solely with respect to the fiscal year of the Borrower
ended December 31, 2006, such financial statements shall be delivered as soon as
available, but in any event within 110 days after the end of such fiscal year”.

          8. Amendments to Section 6.7 of the Credit Agreement (Notices). Section 6.7 of the
Credit Agreement is hereby amended by:

     (a) deleting the reference to “$1,000,000” in Section 6.7(c) and substituting a
reference to “$3,000,000” in lieu thereof; and

 

6

     (b) deleting Section 6.7(f) in its entirety and substituting in lieu thereof the
following new Section:

     “(f) any material amendment, modification, supplement or waiver to the La
Gloria Management Agreement (unless the La Gloria Termination Condition has been
satisfied), the Subordinated Debt Documentation or the Parent Subordinated Debt
Documentation; provided that, it is understood and agreed that a reduction
in amounts payable to MAPCO Express under the La Gloria Management Agreement will
not constitute a material amendment, modification, supplement or waiver to the La
Gloria Management Agreement, unless such amounts payable to MAPCO Express are less
than the amounts payable to MAPCO Express as of the Effective Date;”

          9. Amendments to Section 6.10 of the Credit Agreement (Additional Collateral, etc.).
Section 6.10(b) of the Credit Agreement is hereby amended by deleting such Section in its entirety
and substituting in lieu thereof the following new Section 6.10(b):

     “(b) With respect to (i) any fee interest in any real property having an
aggregate appraised value (together with improvements thereof) of at least
$1,000,000 acquired in one or a series of transactions after the Effective Date by
any Borrower or any of its Subsidiaries (including any such real property owned by
any new Subsidiary acquired after the Effective Date and excluding any such real
property owned by an Excluded Foreign Subsidiary or subject to a Lien expressly
permitted by Section 7.3(g)) or (ii) subject to the related Loan Party obtaining the
required landlord consent (provided that, each Loan Party shall use
commercially reasonable efforts to obtain such consent), any leasehold interest in
any real property having an aggregate appraised value of at least $1,000,000
acquired or leased (including any leasehold property interest owned by any new
Subsidiary acquired after the Effective Date) in one or a series of transactions
after the Effective Date by any Borrower or any of its Subsidiaries, promptly (1)
execute and deliver a first priority Mortgage in favor of the Administrative Agent,
for the benefit of the Secured Parties, covering such real property, (2) deliver to
the Administrative Agent an appraisal of such real property from a firm reasonably
satisfactory to the Administrative Agent, (3) if requested by the Administrative
Agent, provide the Lenders with (x) title and extended coverage insurance covering
such real property in an amount at least equal to the purchase price of such real
property as well as a current ALTA survey thereof, together with a surveyor’s
certificate and (y) any consents, waivers or estoppels reasonably deemed necessary
or advisable by the Administrative Agent in connection with such Mortgage, each of
the foregoing in form and substance reasonably satisfactory to the Administrative
Agent and (4) if requested by the Administrative Agent, deliver to the
Administrative Agent legal opinions relating to the matters described above, which
opinions shall be in form and substance, and from counsel, reasonably satisfactory
to the Administrative Agent. Notwithstanding anything to the contrary contained in
this Section 6.10(b), (i) in the event that the Borrower is required to obtain flood
insurance for any parcel of real property owned in fee with an aggregate appraised
value of less than

 

7

$2,000,000 or a leasehold interest in any real property with an aggregate
appraised value of less than $2,000,000 which would otherwise be subject to the
requirements of this Section 6.10(b) and the Borrower believes the premiums for such
flood insurance to be uneconomical, subject to the following clause (ii), at the
Borrower’s written request, the Administrative Agent shall waive the Borrower’s
compliance with this Section 6.10(b), provided that, the Borrower has
provided the Administrative Agent satisfactory support for such determination, and
(ii) the aggregate appraised value of real property either owned in fee or subject
to a leasehold interest excluded from the provisions of this Section 6.10(b) may not
at any time exceed an amount equal to 2% of the total asset value of the Borrower
and its Subsidiaries.”

          10. Amendments to Section 7.1 of the Credit Agreement (Financial Condition Covenants).
Section 7.1 of the Credit Agreement is hereby amended by:

     (a) deleting the Consolidated Leverage Ratio grid in Section 7.1(a) in its entirety and
substituting the following new grid in lieu thereof:

	 	 	 	 	 
	 	 	Consolidated
	         Fiscal Quarter	 	Leverage Ratio
	FQ2 2005 - FQ4 2007
	 	 	4.85 to 1.00	 
	FQ1 2008 - FQ4 2008
	 	 	4.25 to 1.00	 
	FQ1 2009 - FQ4 2009
	 	 	3.75 to 1.00	 
	FQ1 2010 and thereafter
	 	 	3.25 to 1.00	 

     (b) deleting the Consolidated Adjusted Interest Coverage Ratio grid in Section 7.1(b)
in its entirety and substituting the following new grid in lieu thereof:

	 	 	 	 	 
	 	 	Consolidated Adjusted
	         Fiscal Quarter	 	Interest Coverage Ratio
	FQ2 2005 - FQ4 2007
	 	 	1.90 to 1.00	 
	FQ1 2008 - FQ4 2008
	 	 	2.00 to 1.00	 
	FQ1 2009 - FQ4 2009
	 	 	2.15 to 1.00	 
	FQ1 2010 and thereafter
	 	 	2.35 to 1.00	 

     (c) deleting the Consolidated Fixed Charge Coverage Ratio grid in Section 7.1(c) in its
entirety and substituting the following new grid in lieu thereof:

	 	 	 	 	 
	 	 	Consolidated Fixed
	         Fiscal Quarter	 	Charge Coverage Ratio
	FQ2 2005 - FQ4 2008
	 	 	1.20 to 1.00	 
	FQ1 2009 and thereafter
	 	 	1.25 to 1.00	 

 

8

     (d) deleting the Consolidated Adjusted Leverage Ratio grid in Section 7.1(d) in its
entirety and substituting the following new grid in lieu thereof:

	 	 	 	 	 
	 	 	Consolidated Adjusted
	         Fiscal Quarter	 	Leverage Ratio
	FQ2 2005 - FQ4 2007
	 	 	5.60 to 1.00	 
	FQ1 2008 - FQ4 2008
	 	 	5.10 to 1.00	 
	FQ1 2009 - FQ4 2009
	 	 	4.65 to 1.00	 
	FQ1 2010 and thereafter
	 	 	4.25 to 1.00	 

          11. Amendments to Section 7.2 of the Credit Agreement (Limitation on Indebtedness).
Section 7.2 of the Credit Agreement is hereby amended by:

     (a) deleting the reference to “$1,500,000” in Section 7.2(c) and substituting a
reference to “$5,000,000” in lieu thereof;

     (b) deleting the reference to “$1,500,000” in Section 7.2(g) and substituting a
reference to “$5,000,000” in lieu thereof;

     (c) deleting the “and” at the end of Section 7.2(h);

     (d) deleting the “.” at the end of Section 7.2(i) and substituting “;” in lieu thereof;

     (e) adding the following new Sections 7.2(j) and (k) in the appropriate alphabetical
order:

     “(j) unsecured Indebtedness of the Borrower to Holdings in an aggregate amount
not to exceed the sum of (x) $50,000,000 and (y) the principal amount of the Calfee
Acquisition Note; provided, that such unsecured Indebtedness (i) is fully
subordinated to the Obligations pursuant to a Parent Subordination Agreement, (ii)
does not require a cash payment of principal or interest prior to the date that is
90 days after the final maturity of the Term Loans, (iii) has an applicable interest
rate not exceeding 9% per annum, and (iv) the final maturity of such
Indebtedness is not earlier than the date that is 90 days after the final maturity
of the Term Loans, and, provided further, that, notwithstanding the
foregoing, it is understood and agreed that the outstanding principal amount of any
Parent Subordinated Debt (other than the Calfee Acquisition Note) incurred after the
Seventh Amendment Effective Date may be repaid in full, together with any interest
due and payable thereon, at any time with the proceeds of any Incremental Loans
and/or the proceeds of any Revolving Credit Loans following an increase of the
Revolving Credit Commitments in accordance with Section 2.26; and

 

9

     (k) Indebtedness of the Borrower and its Subsidiaries in respect of Capital
Lease Obligations incurred in a sale and leaseback transaction permitted by Section
7.10.”

          12. Amendments to Section 7.3 of the Credit Agreement (Limitation on Liens). Section
7.3 of the Credit Agreement is hereby amended by:

     (a) deleting the “and” at the end of Section 7.3(j);

     (b) deleting the reference to “$1,000,000” in Section 7.3(k) and substituting a
reference to “$5,000,000” in lieu thereof;

     (c) deleting the “.” at the end of Section 7.3(k) and substituting “; and” in lieu
thereof; and

     (d) adding the following new Section 7.3(l) in the appropriate alphabetical order:

     “(l) Liens on assets that are the subject of any sale and leaseback transaction
permitted by Section 7.10.”

          13. Amendments to Section 7.5 of the Credit Agreement (Limitation on Disposition of
Property). Section 7.5 of the Credit Agreement is hereby amended by:

     (a) deleting the reference to “$5,000,000” in Section 7.5(e) and substituting a
reference to “$10,000,000” in lieu thereof;

     (b) deleting the “and” at the end of Section 7.5(e);

     (c) deleting the “.” at the end of Section 7.5(f) and substituting “; and” in lieu
thereof; and

     (d) adding the following Section 7.5(g):

     “(g) sale and leaseback transactions permitted by Section 7.10.”

          14. Amendments to Section 7.6 of the Credit Agreement (Limitation on Restricted
Payments). Section 7.6 of the Credit Agreement is hereby amended by:

     (a) deleting the “and” at the end of Section 7.6(d);

     (b) deleting the reference to “$1,000,000” in Section 7.6(c) and substituting a
reference to “$1,500,000” in lieu thereof;

     (c) deleting the reference to “$1,500,000” in Section 7.6(e) and substituting a
reference to “$3,000,000” in lieu thereof;

     (d) deleting the reference to “2.50” in Section 7.6(e) and substituting a reference to
“3.00” in lieu thereof; and

 

10

     (e) adding the following new paragraph at the end of Section 7.6:

     “For the avoidance of doubt, any payments made by the Borrower to Holdings to
reimburse expenses paid by Holdings on behalf of Borrower shall not constitute
“Restricted Payments” hereunder so long as such payments are not a direct or indirect
distribution or other payment on account of any Capital Stock of a Borrower or any
Subsidiary.”

          15. Amendment to Section 7.7 of the Credit Agreement (Limitation on Capital
Expenditures). Section 7.7(a) of the Credit Agreement is hereby amended by deleting the
proviso in its entirety and substituting the following in lieu thereof:

“provided, that (x) following the consummation of any acquisition permitted
by this Agreement, the amount of permitted Capital Expenditures set forth above
shall be increased by (A) during the first full fiscal year immediately following
such acquisition, an amount equal to the number of stores acquired by the Borrower
and its Subsidiaries in such acquisition multiplied by $50,000 and
(B) for each period thereafter, an amount equal to the number of stores acquired by
the Borrower and its Subsidiaries in such acquisition multiplied by
$25,000 and (y)(i) up to 50% of any amount set forth above, as adjusted by the
preceding clause (x), if not expended in the fiscal year for which it is permitted,
may be carried over for expenditure in the next succeeding fiscal year and (ii)
Capital Expenditures made pursuant to this clause (a) during any fiscal year shall
be deemed made, first, in respect of amounts permitted for such fiscal year
as provided above and second, in respect of amounts carried over from the
prior fiscal year pursuant to subclause (y)(i) above; and”

          16. Amendments to Section 7.8 of the Credit Agreement (Limitation on Investments).
Section 7.8 of the Credit Agreement is hereby amended by:

     (a) deleting the reference to “$200,000” in Section 7.8(d) and substituting a reference
to “$500,000” in lieu thereof;

     (b) deleting Section 7.8(g) in its entirety and substituting the following new Section
in lieu thereof:

     “(g) in addition to Investments otherwise expressly permitted by this Section,
Investments by the Borrower or any of its Subsidiaries in an aggregate amount
(valued at cost) not to exceed $100,000,000 during the term of this Agreement;
provided, that with respect to any such Investment, (i) after giving
pro forma effect to such Investment, (x) the Consolidated Leverage
Ratio shall be at least 0.25 less than the maximum level permitted at such time and
(y) the aggregate Available Revolving Credit Commitments exceeds $25,000,000 and
(ii) no Default or Event of Default shall have occurred and be continuing
immediately prior to or after giving effect to such Investment;”

 

11

     (c) (i) deleting the word “and” at the end of Section 7.8(h), (ii) deleting the “.” at
the end of Section 7.8(i) and substituting in lieu thereof “; and” and (iii) inserting the
following new Section 7.8(j) in the appropriate alphabetical order:

     “(j) the Calfee Acquisition may be consummated on or after the Seventh
Amendment Effective Date as set forth in the Calfee Acquisition Agreement, and no
provision thereof shall have been waived, amended, supplemented or otherwise
modified in a manner that would reasonably be expected to be materially adverse to
the Lenders without the prior written consent of the Lenders, provided that,
the Calfee Purchase Price does not exceed $80,000,000 and Holdings has loaned the
Borrower up to $65,000,000 pursuant to the Calfee Acquisition Note.”

          17. Amendment to Section 7.10 of the Credit Agreement (Limitation on Sales and
Leasebacks). Section 7.10 of the Credit Agreement is hereby amended by deleting it in its
entirety and substituting in lieu thereof the following new Section 7.10:

     “Enter into any arrangement with any Person providing for the leasing by the
Borrower or any Subsidiary of real or personal property which has been or is to be
sold or transferred by the Borrower or such Subsidiary to such Person or to any
other Person to whom funds have been or are to be advanced by such Person on the
security of such property or rental obligations of Holdings, the Borrower or such
Subsidiary, except that the Borrower or any of its Subsidiaries may enter into a
sale and leaseback transaction if (i) the aggregate amount of Indebtedness incurred
equal to the Attributable Debt relating to such sale and leaseback transaction does
not exceed $5,000,000 during the term of this Agreement and (ii) the Net Cash
Proceeds of such sale and leaseback transaction are at least equal to the fair
market value of the Property that is the subject of such sale and leaseback
transaction.”

          18. Amendment to Section 7.15 of the Credit Agreement (Limitation on Amendments to Other
Documents). Section 7.15 of the Credit Agreement is hereby amended by deleting it in its
entirety and substituting in lieu thereof the following new Section 7.15:

     “(a) At any time prior to the satisfaction of the La Gloria Termination
Condition, amend, supplement or otherwise modify (pursuant to a waiver or otherwise)
the terms and conditions of the La Gloria Management Agreement, if applicable, in
any manner that would decrease the amounts payable to MAPCO Express thereunder as of
the Effective Date or to provide that such amounts shall be payable on a
subordinated basis to the La Gloria Credit Facility, (b) amend, supplement or
otherwise modify (pursuant to a waiver or otherwise) the terms and conditions of the
Tax Sharing Agreement in any manner that would increase the amounts payable by the
Borrower thereunder, (c) amend, supplement or otherwise modify (pursuant to a waiver
or otherwise) the terms and conditions of the Subordinated Debt Documentation or the
Parent Subordinated Debt Documentation in any manner that would adversely affect the
application thereto of the subordination provisions set forth therein or in any
subordination

 

12

agreement related thereto or (d) otherwise amend, supplement or otherwise
modify the terms and conditions of the La Gloria Management Agreement (unless the La
Gloria Termination Condition has been satisfied), if applicable, the Tax Sharing
Agreement, the Subordinated Debt Documentation or the Parent Subordinated Debt
Documentation, except to the extent that any such amendment, supplement or
modification could not reasonably be expected to have a Material Adverse Effect.”

          19. Amendment to Section 7.17 of the Credit Agreement (La Gloria Management
Agreement). Section 7.17 of the Credit Agreement is hereby amended by deleting it in its
entirety and substituting in lieu thereof the following new Section 7.17:

     “Prior to the satisfaction of the La Gloria Termination Condition, enter into
any agreement with the La Gloria Affiliate in connection with the acquisition by the
La Gloria Affiliate and Delek Pipeline Texas, Inc. of the La Gloria refinery located
in Tyler, Texas either providing for (i) the payment of an annual management fee in
an aggregate amount less than $1,500,000 or (ii) the subordination of the management
fee referred to in clause (i) to any payment under the La Gloria Credit Facility,
provided that, the payment of such fee shall be made in equal quarterly
installments in arrears on March 31, June 30, September 30 and December 31 of each
year.”

          20. Amendment to Section 7 of the Credit Agreement (Negative Covenants). Section 7 of
the Credit Agreement is hereby amended by inserting the following new Section 7.20 in the
appropriate numerical order:

     “7.20 Limitation on Amendments to the Calfee Acquisition Documentation.
(a) Amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the
terms and conditions of the indemnities and licenses furnished to the Borrower or
any of its Subsidiaries pursuant to the Calfee Acquisition Documentation such that
after giving effect thereto such indemnities or licenses shall be materially less
favorable to the interests of the Loan Parties or the Lenders with respect thereto
or (b) otherwise amend, supplement or otherwise modify the terms and conditions of
the Calfee Acquisition Documentation except to the extent that any such amendment,
supplement or modification could not reasonably be expected to have a Material
Adverse Effect.”

          21. Amendments to Section 8 of the Credit Agreement (Events of Default). Section 8 of
the Credit Agreement is hereby amended by:

     (a) deleting the reference to “$1,000,000” in Section 8(e) and substituting a reference
to “$3,000,000” in lieu thereof;

     (b) deleting the reference to “$1,500,000” in Section 8(h) and substituting a reference
to “$3,000,000” in lieu thereof;

     (c) deleting the “and” at the end of Section 8(l) and substituting a “or” in lieu
thereof;

 

13

     (d) adding an “or” at the end of Section 8(m); and

     (e) adding the following new Section 8(n):

     “(n) the Parent Subordinated Debt shall cease, for any reason, to be validly
subordinated to the Obligations, as provided in the Parent Subordination Agreement,
or any Loan Party or any Affiliate of any Loan Party shall so assert;”

          22. Amendment to Section 10.2 (Notices). Section 10.2 of the Credit Agreement is
hereby amended by deleting the mailing address for MAPCO Express and the MAPCO Family in its
entirety and substituting the following new mailing address in lieu thereof, with such new mailing
address to be used in connection with all notices delivered pursuant to any of the Loan Documents:

“7102 Commerce Way

Brentwood, TN 37027”

          23. Amendment to Schedule 1.1A (Mortgaged Property) and Schedule 1.1B (Real Property) of
the Credit Agreement. Effective upon the consummation of the Calfee Acquisition, Schedules
1.1A and 1.1B of the Credit Agreement are hereby amended by adding the information on Annex I (the
“New Mortgaged Properties”) hereto to each of such Schedules.

          24. Conditions to Effectiveness. This Amendment shall become effective on the date on
which all of the following conditions precedent have been satisfied or waived (the “Seventh
Amendment Effective Date”):

     (a) Amendment. The Administrative Agent shall have received this Amendment,
executed and delivered by a duly authorized officer of the Borrower.

     (b) Acknowledgment and Consent. The Administrative Agent shall have received
an Acknowledgment and Consent, substantially in the form of Exhibit A hereto, duly
executed and delivered by each Guarantor.

     (c) Lender Consent Letter. The Administrative Agent shall have received a
Lender Consent Letter, substantially in the form of Exhibit B hereto, duly executed
and delivered by the Required Lenders and, solely with respect to the amendments to Section
2.10, the Required Prepayment Lenders (in each case, as defined in the Existing Credit
Agreement).

     (d) Related Agreements. The Administrative Agent shall have received (in a
form reasonably satisfactory to the Administrative Agent), true and correct copies,
certified as to authenticity by the Borrower, of (i) the Calfee Acquisition Agreement and
(ii) such other documents or instruments as may be reasonably requested by the
Administrative Agent, including, without limitation, a copy of any debt instrument, security
agreement or other material contract to which the Loan Parties may be a party.

     (e) Fees, etc. The Administrative Agent shall have received all fees required
to be paid, and all expenses for which invoices have been presented supported by

 

14

customary documentation (including reasonable fees, disbursements and other charges of
counsel to the Administrative Agent), on or before the Seventh Amendment Effective Date.

     (f) Resolutions, etc. On or before the Seventh Amendment Effective Date, all
corporate and other proceedings taken or to be taken in connection with this Amendment shall
be reasonably satisfactory in form and substance to Administrative Agent and its counsel,
and Administrative Agent and such counsel shall have received all such counterpart originals
or certified copies of such documents as Administrative Agent may reasonably request.

          25. Representations and Warranties. The Borrower hereby represents and warrants to
the Administrative Agent and each Lender that (before and after giving effect to this Amendment):

     (a) Each Loan Party has the corporate power and authority, and the legal right, to
make, deliver and perform this Amendment and the Acknowledgment and Consent (the
“Amendment Documents”) to which it is a party. Each Loan Party has taken all
necessary corporate or other action to authorize the execution, delivery and performance of
the Amendment Documents to which it is a party. No consent or authorization of, filing
with, notice to or other act by or in respect of, any Governmental Authority or any other
Person is required in connection with the Amendment Documents or the execution, delivery,
performance, validity or enforceability of this Amendment or the Acknowledgment and Consent,
except (i) consents, authorizations, filings and notices which have been obtained or made
and are in full force and effect and (ii) the filings referred to in Section 4.19 of the
Credit Agreement. Each Amendment Document has been duly executed and delivered on behalf of
each Loan Party that is a party thereto. Each Amendment Document and the Credit Agreement,
as amended by this Amendment (the “Amended Credit Agreement”), constitutes a legal,
valid and binding obligation of each Loan Party that is a party thereto, enforceable against
each such Loan Party in accordance with its terms, except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
the enforcement of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

     (b) The execution, delivery and performance of the Amendment Documents will not violate
any Requirement of Law or any Contractual Obligation of the Borrower or any of its
Subsidiaries and will not result in, or require, the creation or imposition of any Lien on
any of their respective properties or revenues pursuant to any Requirement of Law or any
such Contractual Obligation (other than the Liens created by the Security Documents).

     (c) Each of the representations and warranties made by any Loan Party herein or in or
pursuant to the Loan Documents is true and correct in all material respects on and as of the
Seventh Amendment Effective Date as if made on and as of such date (except that any
representation or warranty which by its terms is made as of an earlier date shall be true
and correct in all material respects as of such earlier date).

 

15

     (d) The Borrower and the other Loan Parties have performed in all material respects all
agreements and satisfied all conditions which this Amendment and the other Loan Documents
provide shall be performed or satisfied by the Borrower or the other Loan Parties on or
before the Seventh Amendment Effective Date.

     (e) After giving effect to this Amendment, no Default or Event of Default has occurred
and is continuing, or will result from the consummation of the transactions contemplated by
this Amendment.

          26. Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative
Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with this
Amendment, any other documents prepared in connection herewith and the transactions contemplated
hereby, including, without limitation, the reasonable fees and disbursements of counsel to the
Administrative Agent.

          27. Limited Effect. Except as expressly provided hereby, all of the terms and
provisions of the Credit Agreement and the other Loan Documents are and shall remain in full force
and effect. The amendments contained herein shall not be construed as a waiver or amendment of any
other provision of the Credit Agreement or the other Loan Documents or for any purpose except as
expressly set forth herein or a consent to any further or future action on the part of the Borrower
that would require the waiver or consent of the Administrative Agent or the Lenders.

          28. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          29. Miscellaneous. (a) This Amendment may be executed by one or more of the parties
to this Agreement on any number of separate counterparts, and all of said counterparts taken
together shall be deemed to constitute one and the same instrument. A set of the copies of this
Amendment and the Lender Consent Letters signed by all the parties shall be lodged with the
Borrower and the Administrative Agent. This Amendment may be delivered by facsimile transmission
of the relevant signature pages hereof.

     (b) The execution and delivery of the Lender Consent Letter by any Lender shall be
binding upon each of its successors and assigns (including assignees of its Loans in whole
or in part prior to effectiveness hereof).

[SIGNATURE PAGES FOLLOW]

 

 

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

	 	 	 	 	 
	 	MAPCO EXPRESS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LEHMAN COMMERCIAL PAPER INC., as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	Authorized SignatoryEX-10.4

 

Exhibit 10.4

 

$65,000,000

CREDIT AGREEMENT

among

DELEK US HOLDINGS, INC.,

as Borrower,

The Several Lenders

from Time to Time Parties Hereto,

LEHMAN COMMERCIAL PAPER INC.,

as Administrative Agent,

LEHMAN BROTHERS INC.,

as Arranger and Joint Bookrunner

and

JPMORGAN CHASE BANK, N.A.,

as Documentation Agent, Arranger and Joint Bookrunner

Dated as of March 30, 2007

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	SECTION 1. DEFINITIONS
	 	 	1	 
	1.1 Defined Terms
	 	 	1	 
	1.2 Other Definitional Provisions
	 	 	14	 
	 
	 	 	 	 
	SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
	 	 	14	 
	2.1 Commitments
	 	 	14	 
	2.2 Effective Date Procedure for Term Loans
	 	 	14	 
	2.3 Repayment of Loans; Evidence of Debt
	 	 	15	 
	2.4 Fees, etc
	 	 	15	 
	2.5 Optional Prepayments
	 	 	16	 
	2.6 Mandatory Prepayments
	 	 	16	 
	2.7 Conversion and Continuation Options
	 	 	16	 
	2.8 Minimum Amounts and Maximum Number of Eurodollar Tranches
	 	 	17	 
	2.9 Interest Rates and Payment Dates
	 	 	17	 
	2.10 Computation of Interest and Fees
	 	 	17	 
	2.11 Inability to Determine Interest Rate
	 	 	18	 
	2.12 Pro Rata Treatment and Payments
	 	 	18	 
	2.13 Requirements of Law
	 	 	20	 
	2.14 Taxes
	 	 	21	 
	2.15 Indemnity
	 	 	23	 
	2.16 Illegality
	 	 	23	 
	2.17 Cooperation; Change of Lending Office
	 	 	24	 
	2.18 Replacement of Lenders under Certain Circumstances
	 	 	24	 
	 
	 	 	 	 
	SECTION 3. REPRESENTATIONS AND WARRANTIES
	 	 	24	 
	3.1 Financial Condition
	 	 	24	 
	3.2 No Change
	 	 	25	 
	3.3 Corporate Existence; Compliance with Law
	 	 	25	 
	3.4 Corporate Power; Authorization; Enforceable Obligations
	 	 	25	 
	3.5 No Legal Bar
	 	 	26	 
	3.6 No Material Litigation
	 	 	26	 
	3.7 No Default
	 	 	26	 
	3.8 Ownership of Property; Liens
	 	 	26	 
	3.9 Intellectual Property
	 	 	26	 
	3.10 Taxes
	 	 	27	 
	3.11 Federal Regulations
	 	 	27	 
	3.12 Labor Matters
	 	 	27	 
	3.13 ERISA
	 	 	27	 
	3.14 Investment Company Act; Other Regulations
	 	 	28	 
	3.15 Subsidiaries
	 	 	28	 
	3.16 Use of Proceeds
	 	 	28	 
	3.17 Environmental Matters
	 	 	28	 

 

 

	 	 	 	 	 
	 	 	Page
	3.18 Accuracy of Information, etc
	 	 	29	 
	3.19 Solvency
	 	 	30	 
	 
	 	 	 	 
	SECTION 4. CONDITIONS PRECEDENT
	 	 	30	 
	4.1 Conditions to Effectiveness
	 	 	30	 
	 
	 	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	31	 
	5.1 Financial Statements
	 	 	31	 
	5.2 Certificates; Other Information
	 	 	32	 
	5.3 Payment of Obligations
	 	 	33	 
	5.4 Conduct of Business and Maintenance of Existence; Compliance
	 	 	33	 
	5.5 Maintenance of Property; Insurance
	 	 	33	 
	5.6 Inspection of Property; Books and Records; Discussions
	 	 	33	 
	5.7 Notices
	 	 	34	 
	5.8 Environmental Laws
	 	 	35	 
	5.9 Further Assurances
	 	 	35	 
	 
	 	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	35	 
	6.1 Financial Condition Covenants
	 	 	36	 
	6.2 Limitation on Indebtedness
	 	 	36	 
	6.3 Limitation on Liens
	 	 	36	 
	6.4 Limitation on Fundamental Changes
	 	 	37	 
	6.5 Limitation on Disposition of Property
	 	 	37	 
	6.6 Limitation on Restricted Payments
	 	 	37	 
	6.7 Limitation on Restrictions on Subsidiary Distributions
	 	 	38	 
	6.8 Limitation on Transactions with Affiliates
	 	 	38	 
	6.9 Limitation on Changes in Fiscal Periods
	 	 	38	 
	6.10 Limitation on Lines of Business
	 	 	38	 
	 
	 	 	 	 
	SECTION 7. EVENTS OF DEFAULT
	 	 	38	 
	 
	 	 	 	 
	SECTION 8. THE AGENTS
	 	 	41	 
	8.1 Appointment
	 	 	41	 
	8.2 Delegation of Duties
	 	 	41	 
	8.3 Exculpatory Provisions
	 	 	41	 
	8.4 Reliance by the Agents
	 	 	42	 
	8.5 Notice of Default
	 	 	42	 
	8.6 Non-Reliance on the Agents and Other Lenders
	 	 	42	 
	8.7 Indemnification
	 	 	43	 
	8.8 Agent in Its Individual Capacity
	 	 	43	 
	8.9 Successor Administrative Agent
	 	 	43	 
	8.10 The Arrangers and the Documentation Agent
	 	 	44	 
	 
	 	 	 	 
	SECTION 9. MISCELLANEOUS
	 	 	44	 
	9.1 Amendments and Waivers
	 	 	44	 
	9.2 Notices
	 	 	46	 
	 
	 	 	 	 
	-ii-

 

 

	 	 	 	 	 
	 	 	Page
	9.3 No Waiver; Cumulative Remedies
	 	 	47	 
	9.4 Survival of Representations and Warranties
	 	 	47	 
	9.5 Payment of Expenses
	 	 	47	 
	9.6 Successors and Assigns; Participations and Assignments
	 	 	48	 
	9.7 Adjustments; Set-off
	 	 	51	 
	9.8 Counterparts
	 	 	52	 
	9.9 Severability
	 	 	52	 
	9.10 Integration
	 	 	52	 
	9.11 GOVERNING LAW
	 	 	52	 
	9.12 Submission To Jurisdiction; Waivers
	 	 	52	 
	9.13 Acknowledgments
	 	 	53	 
	9.14 Confidentiality
	 	 	53	 
	9.15 Accounting Changes
	 	 	54	 
	9.16 WAIVERS OF JURY TRIAL
	 	 	54	 
	 
	 	 	 	 
	-iii-

 

 

SCHEDULES:

	 	 	 
	1
	 	Commitments
	3.4
	 	Consents
	3.8
	 	Defects in Title
	3.15
	 	Subsidiaries
	3.17
	 	Environmental Matters
	6.2(b)
	 	Existing Indebtedness
	6.3(b)
	 	Existing Liens
	6.7
	 	Existing Subsidiary Distribution Limitations
	6.8
	 	Transactions with Affiliates

EXHIBITS:

	 	 	 
	A
	 	Form of Compliance Certificate
	B
	 	Form of Closing Certificate
	C
	 	Form of Assignment and Acceptance
	D
	 	Form of Legal Opinion of Fulbright & Jaworski L.L.P.
	E
	 	Form of Term Note
	F
	 	Form of Exemption Certificate
	G
	 	Form of Borrowing Notice

-iv-

 

 

          CREDIT AGREEMENT, dated as of March 30, 2007, among DELEK US HOLDINGS, INC., a Delaware
corporation (the “Borrower”), the several banks and other financial institutions or
entities from time to time parties to this Agreement (the “Lenders”), LEHMAN COMMERCIAL
PAPER INC., as administrative agent (in such capacity, the “Administrative Agent”), LEHMAN
BROTHERS INC., as arranger (in such capacity, the “Arranger”) and joint bookrunner, and
JPMorgan Chase Bank, N.A. as documentation agent (in such capacity, the “Documentation
Agent”), arranger (in such capacity, the “Arranger”) and joint bookrunner.

W I T N E S S E T H:

          WHEREAS, the Borrower has requested that the Lenders make an interim loan credit facility
available to the Borrower in order to (i) fund a subordinated intercompany loan to MAPCO Express,
Inc., the proceeds of which will be used to pay a portion of the acquisition costs for Calfee
Company of Dalton, Inc. and (ii) pay costs and expenses incurred in connection herewith; and

          WHEREAS, MAPCO Express, Inc. expects to complete its acquisition of all or substantially all
of the 107 stores owned by Calfee Company of Dalton, Inc. (the “Calfee Acquisition”)
substantially contemporaneously with the transaction contemplated by this Agreement; and

          WHEREAS, the Lenders are willing to make such interim loan credit facility available upon and
subject to the terms and conditions hereinafter set forth.

          NOW, THEREFORE, in consideration of the premises and the agreements hereinafter set forth and
for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the parties hereto hereby agree as follows:

SECTION 1. DEFINITIONS

          1.1 Defined Terms. As used in this Agreement, the terms listed in this Section 1.1
shall have the respective meanings set forth in this Section 1.1.

          “Administrative Agent”: as defined in the preamble hereto.

          “Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly, either to (a) vote 10%
or more of the securities having ordinary voting power for the election of directors (or persons
performing similar functions) of such Person or (b) direct or cause the direction of the management
and policies of such Person, whether by contract or otherwise.

          “Agents”: the collective reference to the Documentation Agent and the Administrative
Agent.

 

2

          “Aggregate Exposure”: with respect to any Lender at any time, an amount equal to (a)
until the Effective Date, the aggregate amount of such Lender’s Commitments at such time and (b)
thereafter, the aggregate then unpaid principal amount of such Lender’s Term Loans.

          “Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio
(expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the sum of the
Aggregate Exposures of all Lenders at such time.

          “Agreement”: this Credit Agreement, as amended, supplemented or otherwise modified
from time to time.

          “Applicable Margin”: a per annum rate for each period set forth below:

	 	 	 	 	 	 	 	 	 
	 	 	Base Rate	 	Eurodollar
	 	 	Loans	 	Loans
	From and including the Effective Date to but
excluding the date which is 180 days after the
Effective Date
	 	 	1.0	%	 	 	2.0	%
	 
	 	 	 	 	 	 	 	 
	From and including the date which is 180 days
after the Effective Date to but excluding the
date which is 360 days after the Effective Date
	 	 	1.5	%	 	 	2.5	%
	 
	 	 	 	 	 	 	 	 
	From and including the date which is 360 days
after the Effective Date to but excluding the
date which is 450 days after the Effective Date
	 	 	2.0	%	 	 	3.0	%
	 
	 	 	 	 	 	 	 	 
	From and including the date which is 450 days
after the Effective Date to but excluding the
date which is 540 days after the Effective Date
	 	 	2.5	%	 	 	3.5	%
	 
	 	 	 	 	 	 	 	 
	Thereafter
	 	 	3.0	%	 	 	4.0	%

          “Arranger”: as defined in the preamble hereto.

          “Assignee”: as defined in Section 9.6(c).

 

3

          “Assignor”: as defined in Section 9.6(c).

          “Base Rate”: for any day, a rate per annum (rounded upwards, if necessary, to the
next 1/16 of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the
Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. For purposes hereof:
“Prime Rate” shall mean the prime lending rate as set forth on the British Banking
Association Telerate Page 5 (or such other comparable publicly available page as may, in the
reasonable opinion of the Administrative Agent after notice to the Borrower, replace such page for
the purpose of displaying such rate if such rate no longer appears on the British Bankers
Association Telerate page 5), as in effect from time to time. The Prime Rate is a reference rate
and does not necessarily represent the lowest or best rate actually available. Any change in the
Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective
as of the opening of business on the effective day of such change in the Prime Rate or the Federal
Funds Effective Rate, respectively.

          “Base Rate Loans”: Loans for which the applicable rate of interest is based upon the
Base Rate.

          “Benefitted Lender”: as defined in Section 9.7.

          “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

          “Borrower”: as defined in the preamble hereto.

          “Borrowing Notice”: with respect to any request for borrowing of Term Loans
hereunder, a notice from the Borrower, substantially in the form of, and containing the information
prescribed by, Exhibit G, delivered to the Administrative Agent.

          “Business Day”: (a) for all purposes other than as covered by clause (b) below, a day
other than a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to close and (b) with respect to all notices and determinations in
connection with, and payments of principal and interest on, Eurodollar Loans, any day which is a
Business Day described in clause (a) and which is also a day for trading by and between banks in
Dollar deposits in the interbank eurodollar market.

          “Business Unit”: as defined in the definition of “Consolidated EBITDA.”

          “Calfee Acquisition”: as defined in the recitals hereto.

          “Capital Lease Obligations”: with respect to any Person, the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to
use) real or personal property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases on a balance sheet of such Person under GAAP; and,
for the purposes of this Agreement, the amount of such obligations at any time shall be the
capitalized amount thereof at such time determined in accordance with GAAP.

 

4

          “Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation) and any and all warrants, rights or options to purchase any
of the foregoing.

          “Change of Control”: the occurrence of any of the following events: (a) any “person”
or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)), excluding the Permitted Investors, shall become, or
obtain rights (whether by means or warrants, options or otherwise) to become, the “beneficial
owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), and directly or
indirectly, of more than 35% of the outstanding common stock of the Borrower; and (b) the board of
directors of the Borrower shall cease to consist of a majority of Continuing Directors.

          “Code”: the Internal Revenue Code of 1986, as amended from time to time.

          “Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term
Loan to the Borrower hereunder in a principal amount not to exceed the amount set forth under the
heading “Commitment” opposite such Lender’s name on Schedule 1 hereto, as the same may be changed
from time to time pursuant to the terms hereof. The aggregate amount of the Commitments is
$65,000,000.

          “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
common control with the Borrower within the meaning of Section 4001 of ERISA or is part of a group
that includes the Borrower and that is treated as a single employer under Section 414 of the Code.

          “Compliance Certificate”: a certificate duly executed by a Responsible Officer,
substantially in the form of Exhibit A.

          “Consolidated EBITDA”: of any Person for any period, Consolidated Net Income of such
Person and its Subsidiaries for such period plus, without duplication and to the extent
reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of
(a) income tax expense, (b) interest expense, amortization or writeoff of debt discount and debt
issuance costs and commissions, discounts and other fees and charges associated with Indebtedness,
(c) depreciation and amortization expense, (d) amortization of intangibles (including, but not
limited to, goodwill) and organization costs, (e) any extraordinary, unusual or non-recurring
non-cash expenses or losses (including, whether or not otherwise includable as a separate item in
the statement of such Consolidated Net Income for such period, losses on sales of assets outside of
the ordinary course of business), and (f) any other non-cash charges, and minus, to the
extent included in the statement of such Consolidated Net Income for such period, the sum of (a)
interest income (except to the extent deducted in determining such Consolidated Net Income), (b)
any extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise
includable as a separate item in the statement of such Consolidated Net Income for such period,
gains on the sales of assets outside of the ordinary course of business), (c) any other non-cash
income and (d) any cash payments made during such period in respect of items described in clause
(e) above subsequent to the fiscal quarter in which the relevant non-

 

5

cash expenses or losses were reflected as a charge in the statement of Consolidated Net
Income, all as determined on a consolidated basis; provided that, for purposes of
calculating Consolidated EBITDA of the Borrower and its Subsidiaries for any period:

     (i) the Consolidated EBITDA of any Person (or attributable to assets
constituting an ongoing business (a “Business Unit”)) acquired by the
Borrower or its Subsidiaries during such period (including, without limitation, the
Person acquired in connection with the Calfee Acquisition) shall be included on a
pro forma basis for such period (assuming the consummation of such acquisition and
the incurrence or assumption of any Indebtedness in connection therewith occurred on
the first day of such period) if the consolidated balance sheet of such acquired
Person and its consolidated Subsidiaries or of such Business Unit as at the end of
the period preceding the acquisition of such Person or of such Business Unit and the
related consolidated statements of income and stockholders’ equity and of cash flows
for the period in respect of which Consolidated EBITDA is to be calculated (x) have
been previously provided to the Administrative Agent and the Lenders and (y) either
(1) have been reported on without a qualification arising out of the scope of the
audit by independent certified public accountants of nationally recognized standing
or (2) have been found acceptable by the Administrative Agent; and

     (ii) the Consolidated EBITDA of any Person or Business Unit Disposed of by the
Borrower or its Subsidiaries during such period shall be excluded for such period
(assuming the consummation of such Disposition and the repayment of any Indebtedness
in connection therewith occurred on the first day of such period).

          “Consolidated Funded Debt”: at any date, the aggregate principal amount of all
Indebtedness of the Borrower and its Subsidiaries of the types described in clauses (a) through (e)
of the definition of “Indebtedness” in this Section 1.1 at such date, determined on a consolidated
basis in accordance with GAAP.

          “Consolidated Leverage Ratio”: as at the last day of any period of four consecutive
fiscal quarters of the Borrower, the ratio of (a) Consolidated Funded Debt on such day to (b)
Consolidated EBITDA of the Borrower for such period.

          “Consolidated Net Income”: of any Person for any period, the consolidated net income
(or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis
in accordance with GAAP; provided, that in calculating Consolidated Net Income of the
Borrower and its Subsidiaries for any period, there shall be excluded (a) the income (or deficit)
of any Person accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into
or consolidated with the Borrower or any of its Subsidiaries, (b) the income (or deficit) of any
Person (other than a Subsidiary of the Borrower) in which the Borrower or any of its Subsidiaries
has an ownership interest, except to the extent that any such income is actually received by the
Borrower or such Subsidiary in the form of dividends or similar distributions and (c) the
undistributed earnings of any Subsidiary of the Borrower to the extent that the declaration or
payment of dividends or similar distributions by such Subsidiary is

 

6

not at the time permitted by the terms of any Contractual Obligation (other than under any
Loan Document) or Requirement of Law applicable to such Subsidiary.

          “Continuing Directors”: the directors of the Borrower on the Effective Date and each
other director of the Borrower, if, in each case, such other director’s nomination for election to
the board of directors of the Borrower is recommended by at least 60% of the then Continuing
Directors or such other director receives the vote of the Permitted Investors in his or her
election by the shareholders of the Borrower.

          “Contractual Obligation”: as to any Person, any provision of any security issued by
such Person or of any agreement, instrument or other undertaking to which such Person is a party or
by which it or any of its Property is bound.

          “Control Investment Affiliate”: as to any Person, any other Person that (a) directly
or indirectly, is in control of, is controlled by, or is under common control with, such Person and
(b) is organized by such Person primarily for the purpose of making equity or debt investments in
one or more companies. For purposes of this definition, “control” of a Person means the power,
directly or indirectly, to direct or cause the direction of the management and policies of such
Person, whether by contract or otherwise.

          “Default”: any of the events specified in Section 7, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

          “Derivatives Counterparty”: as defined in Section 6.6.

          “Disposition”: with respect to any Property, any sale, lease, sale and leaseback,
assignment, conveyance, transfer or other disposition thereof; and the terms “Dispose” and
“Disposed of” shall have correlative meanings.

          “Documentation Agent”: as defined in the preamble hereto.

          “Dollars” and “$”: dollars in lawful currency of the United States of
America.

          “Effective Date”: the date on which the conditions precedent set forth in Section 4.1
shall have been satisfied.

          “Environmental Laws”: any and all laws, rules, orders, regulations, statutes,
ordinances, guidelines, codes, decrees, or other legally enforceable requirements (including,
without limitation, common law) of any international authority, foreign government, the United
States, or any state, local, municipal or other Governmental Authority, regulating, relating to or
imposing liability or standards of conduct concerning protection of the environment or of human
health, or employee health and safety, as has been, is now, or may at any time hereafter be, in
effect.

          “Environmental Permits”: any and all permits, licenses, approvals, registrations,
notifications, exemptions and other authorizations pursuant to or required under any applicable
Environmental Law.

 

7

          “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time.

          “Eurocurrency Reserve Requirements”: for any day, the aggregate (without duplication)
of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such
day (including, without limitation, basic, supplemental, marginal and emergency reserves) under any
regulations of the Board or other Governmental Authority having jurisdiction with respect thereto
dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the Federal
Reserve System.

          “Eurodollar Base Rate”: with respect to each day during each Interest Period, the
rate per annum determined on the basis of the rate for deposits in Dollars for a period equal to
such Interest Period commencing on the first day of such Interest Period appearing on Page 3750 of
the Telerate screen as of 11:00 A.M., London time, two Business Days prior to the beginning of such
Interest Period. In the event that such rate does not appear on Page 3750 of the Telerate screen
(or otherwise on such screen), the “Eurodollar Base Rate” for purposes of this definition
shall be determined by reference to such other comparable publicly available service for displaying
eurodollar rates as may be selected by the Administrative Agent.

          “Eurodollar Loans”: Loans for which the applicable rate of interest is based upon the
Eurodollar Rate.

          “Eurodollar Rate”: with respect to each day during each Interest Period, a rate per
annum determined for such day in accordance with the following formula (rounded upward to the
nearest 1/100th of 1%):

Eurodollar Base Rate

1.00 — Eurocurrency Reserve Requirements

          “Eurodollar Tranche”: the collective reference to Eurodollar Loans the then current
Interest Periods with respect to all of which begin on the same date and end on the same later date
(whether or not such Loans shall originally have been made on the same day).

          “Event of Default”: any of the events specified in Section 7, provided that
any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

          “Facility”: the Commitments and the Term Loans made thereunder.

          “Federal Funds Effective Rate”: for any day, the weighted average of the rates on
overnight federal funds transactions with members of the Federal Reserve System arranged by federal
funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New
York, or, if such rate is not so published for any day that is a Business Day, the average of the
quotations for the day of such transactions received by the Administrative Agent from three federal
funds brokers of recognized standing selected by it.

 

8

          “Funded Debt”: with respect to any Person, all Indebtedness of such Person of the
types described in clauses (a) through (e) of the definition of “Indebtedness” in this Section 1.1.

          “Funding Office”: the office specified from time to time by the Administrative Agent
as its funding office by notice to the Borrower and the Lenders.

          “GAAP”: generally accepted accounting principles in the United States of America as
in effect from time to time.

          “Governmental Authority”: any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
functions of or pertaining to government, any securities exchange and any self-regulatory
organization (including the National Association of Insurance Commissioners).

          “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing
person that guarantees or in effect guarantees, or which is given to induce the creation of a
separate obligation by another Person (including any bank under any letter of credit) that
guarantees or in effect guarantees any Indebtedness, leases, dividends or other obligations (the
“primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including, without limitation, any obligation of the
guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any
Property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for
the purchase or payment of any such primary obligation or (2) to maintain working capital or equity
capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary
obligor, (iii) to purchase Property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make payment of
such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary
obligation against loss in respect thereof; provided, however, that the term
Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the
ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person
shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the
primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount
for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying
such Guarantee Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case the amount of such
Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability
in respect thereof as determined by the Borrower in good faith.

          “Hedge Agreements”: all interest rate or currency swaps, caps or collar agreements,
foreign exchange agreements, commodity contracts or similar arrangements entered into by the
Borrower or its Subsidiaries providing for protection against fluctuations in interest rates,
currency exchange rates, commodity prices or the exchange of nominal interest obligations, either
generally or under specific contingencies.

 

9

          “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of Property or services (other than trade payables incurred in the ordinary course of such
Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or
other similar instruments, (d) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to Property acquired by such Person (even though the
rights and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property), (e) all Capital Lease Obligations of such
Person, (f) all obligations of such Person, contingent or otherwise, as an account party or
applicant under acceptance, letter of credit, surety bond or similar facilities, (g) all
obligations of such Person, contingent or otherwise, to purchase, redeem, retire or otherwise
acquire for value any Capital Stock of such Person, (h) all Guarantee Obligations of such Person in
respect of obligations of the kind referred to in clauses (a) through (g) above, (i) all
obligations of the kind referred to in clauses (a) through (h) above secured by (or for which the
holder of such obligation has an existing right, contingent or otherwise, to be secured by) any
Lien on Property (including, without limitation, accounts and contract rights) owned by such
Person, whether or not such Person has assumed or become liable for the payment of such obligation
and (j) for the purposes of Section 7(e) only, all obligations of such Person in respect of Hedge
Agreements. The Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the extent such Person is
liable therefor as a result of such Person’s ownership interest in or other relationship with such
entity, except to the extent the terms of such Indebtedness expressly provide that such Person is
not liable therefor.

          “Indemnified Liabilities”: as defined in Section 9.5.

          “Indemnitee”: as defined in Section 9.5.

          “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

          “Insolvent”: pertaining to a condition of Insolvency.

          “Interest Payment Date”: (a) as to any Base Rate Loan, the last day of each March,
June, September and December to occur while such Loan is outstanding and the final maturity date of
such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or shorter, the
last day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer
than three months, each day that is three months, or a whole multiple thereof, after the first day
of such Interest Period and the last day of such Interest Period and (d) as to any Loan, the date
of any repayment or prepayment made in respect thereof.

          “Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and
ending one, two, three or six months thereafter, as selected by the Borrower in its notice of
borrowing or notice of conversion, as the case may be, given with respect thereto; and (b)
thereafter, each period commencing on the last day of the next preceding Interest Period applicable
to such Eurodollar Loan and ending one, two, three or six months thereafter, as

 

10

selected by the Borrower by irrevocable notice to the Administrative Agent not later than
11:00 A.M., New York City time, on the date that is three Business Days prior to the last day of
the then current Interest Period with respect thereto; provided that, all of the foregoing
provisions relating to Interest Periods are subject to the following:

(1) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless
the result of such extension would be to carry such Interest Period into another
calendar month in which event such Interest Period shall end on the immediately
preceding Business Day;

(2) any Interest Period for any Term Loan that would otherwise extend beyond the
date final payment is due on the Term Loans shall end on such date; and

(3) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar month
at the end of such Interest Period) shall end on the last Business Day of the
calendar month at the end of such Interest Period.

          “Lehman Entity”: any of Lehman Commercial Paper Inc. or any of its affiliates.

          “Lenders”: as defined in the preamble hereto.

          “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including, without limitation, any conditional sale or other title retention agreement and any
capital lease having substantially the same economic effect as any of the foregoing).

          “Loan”: any loan made by any Lender pursuant to this Agreement.

          “Loan Documents”: this Agreement and the Notes.

          “Material Adverse Effect”: a material adverse effect on (a) the Calfee Acquisition,
(b) the business, assets, property, operations, condition (financial or otherwise) or prospects of
the Borrower and its Subsidiaries taken as a whole or (c) the validity or enforceability of this
Agreement or any of the other Loan Documents or the rights or remedies of the Agents or the Lenders
hereunder or thereunder.

          “Material Environmental Amount”: an amount or amounts payable by the Borrower and/or
any of its Subsidiaries, in the aggregate in excess of $20,000,000, for: costs to comply with any
Environmental Law; costs of any investigation, and any remediation, of any Material of
Environmental Concern; and compensatory damages (including, without limitation damages to natural
resources), punitive damages, fines, and penalties pursuant to any Environmental Law;
provided, that, for purposes of providing notice under Section 5.7(c), such Material
Environmental Amount shall be $5,000,000.

 

11

          “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products, polychlorinated biphenyls, urea-formaldehyde
insulation, asbestos, pollutants, contaminants, radioactivity, and any other substances or
materials of any kind, whether or not any such substance or material is defined as hazardous or
toxic under any Environmental Law, that is regulated pursuant to or could give rise to liability
under any Environmental Law.

          “Maturity Date”: the date which is second anniversary of the Effective Date.

          “Multiemployer Plan”: a Plan that is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.

          “Non-Excluded Taxes”: as defined in Section 2.14(b).

          “Non-U.S. Lender”: as defined in Section 2.14(f).

          “Note”: any promissory note evidencing any Loan.

          “Obligations”: the unpaid principal of and interest on (including, without
limitation, interest accruing after the maturity of the Loans and interest accruing after the
filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the
Borrower to the Administrative Agent or to any Lender or any Qualified Counterparty, whether direct
or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred,
which may arise under, out of, or in connection with, this Agreement, any other Loan Document or
any other document made, delivered or given in connection herewith or therewith, whether on account
of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including,
without limitation, all fees, charges and disbursements of counsel to the Administrative Agent or
to any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise.

          “Other Taxes”: any and all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or from
the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any
other Loan Document.

          “Participant”: as defined in Section 9.6(b).

          “Payment Office”: the office specified from time to time by the Administrative Agent
as its payment office by notice to the Borrower and the Lenders.

          “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).

          “Permitted Investors”: the collective reference to Delek Group Ltd. and its Control
Investment Affiliates.

 

12

          “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.

          “Plan”: at a particular time, any employee benefit plan that is covered by ERISA and
in respect of which the Borrower or a Commonly Controlled Entity is (or, if such plan were
terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA.

          “Pro Forma Balance Sheet”: as defined in Section 3.1(a).

          “Projections”: the annual projected consolidated financial statements of the Borrower
and its Subsidiaries for fiscal years 2007, 2008 and 2009.

          “Property”: any right or interest in or to property of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible, including, without limitation, Capital
Stock.

          “Recovery Event”: any settlement of or payment in respect of any property or casualty
insurance claim or any condemnation proceeding relating to any asset of the Borrower or any of its
Subsidiaries.

          “Register”: as defined in Section 9.6(c).

          “Regulation U”: Regulation U of the Board as in effect from time to time.

          “Related Fund”: with respect to any Lender, any fund that (x) invests in commercial
loans and (y) is managed or advised by the same investment advisor as such Lender, by such Lender
or an Affiliate of such Lender.

          “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of Section 4241 of ERISA.

          “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the thirty day notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or .35 of PBGC Reg. § 4043.

          “Required Lenders”: at any time, the holders of (a) until the Effective Date, the
Commitments and (b) thereafter, more than 50% of the sum of the aggregate unpaid principal amount
of the Term Loans then outstanding.

          “Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its Property or to which such Person or
any of its Property is subject.

 

13

          “Responsible Officer”: with respect to the Borrower, the chief executive officer,
president, chief financial officer or the treasurer of the Borrower, but in any event, with respect
to financial matters, the chief financial officer or the treasurer of the Borrower.

          “Restricted Payments”: as defined in Section 6.6.

          “SEC”: the Securities and Exchange Commission (or successors thereto or an analogous
Governmental Authority).

          “Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but which is
not a Multiemployer Plan.

          “Solvent”: with respect to any Person, as of any date of determination, (a) the
amount of the “present fair saleable value” of the assets of such Person will, as of such date,
exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as
such quoted terms are determined in accordance with applicable federal and state laws governing
determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of
such Person will, as of such date, be greater than the amount that will be required to pay the
liability of such Person on its debts as such debts become absolute and matured, (c) such Person
will not have, as of such date, an unreasonably small amount of capital with which to conduct its
business, and (d) such Person will be able to pay its debts as they mature. For purposes of this
definition, (i) “debt” means liability on a “claim”, and (ii) “claim” means any (x) right to
payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed,
contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y)
right to an equitable remedy for breach of performance if such breach gives rise to a right to
payment, whether or not such right to an equitable remedy is reduced to judgment, fixed,
contingent, matured or unmatured, disputed, undisputed, secured or unsecured.

          “Subsidiary”: as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership or other entity are at the time owned, or the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this
Agreement shall refer to a Subsidiary or Subsidiaries of the Borrower.

          “Term Loan”: as defined in Section 2.1.

          “Term Loan Lender”: each Lender that has a Commitment or is the holder of a Term
Loan.

          “Term Loan Percentage”: as to any Term Loan Lender at any time, the percentage which
such Lender’s Commitment then constitutes of the aggregate Commitments (or, at any time after the
Effective Date, the percentage which the aggregate principal amount of such Lender’s Term Loan then
outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

 

14

          “Term Note”: as defined in Section 2.3(e).

          “Transferee”: as defined in Section 9.14.

          “Type”: as to any Loan, its nature as a Base Rate Loan or a Eurodollar Loan.

          1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms
defined in this Agreement shall have the defined meanings when used in the other Loan Documents or
any certificate or other document made or delivered pursuant hereto or thereto.

          (b) As used herein and in the other Loan Documents, and any certificate or other document made
or delivered pursuant hereto or thereto, accounting terms relating to the Borrower and its
Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the
extent not defined, shall have the respective meanings given to them under GAAP.

          (c) The words “hereof”, “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Section, Schedule and Exhibit references are to this Agreement unless otherwise
specified.

          (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

          (e) The calculation of the Consolidated Leverage Ratio in Section 6.1 shall be calculated to
the same number of decimal places as the relevant ratios are expressed in and shall be rounded
upward if the number in the decimal place immediately following the last calculated decimal place
is five or greater. For example, if the relevant ratio is to be calculated to the hundredth
decimal place and the calculation of the ratio is 5.126, the ratio will be rounded up to 5.13.

SECTION 2. AMOUNT AND TERMS OF COMMITMENTS

          2.1 Commitments. Subject to the terms and conditions hereof, each Lender severally
agrees to make term loans (each, a “Term Loan”) to the Borrower in a single funding on the
Effective Date in the principal amount equal to the amount of the Commitment of such Lender. The
Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the
Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.7. Term
Loans that are repaid may not be reborrowed.

          2.2 Effective Date Procedure for Term Loans. The Borrower shall deliver to the
Administrative Agent a Borrowing Notice (which Borrowing Notice must be received by the
Administrative Agent prior to 10:00 A.M.,
New York City time, one Business Day prior to the anticipated Effective Date) specifying (i)
the date that will be the Effective Date and (ii) Term Loans in the aggregate amount of the
Commitments are to be made to the Borrower on the Effective Date. The Term Loans made on the
Effective Date shall initially be Base Rate Loans or Eurodollar Loans, as specified in the
Borrowing Notice delivered in accordance with this Section 2.2. Not later than 12:00 Noon, New
York City time, on the Effective Date each Lender

 

15

shall make available to the Administrative Agent
at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans
to be made by such Lender on the Effective Date. The Administrative Agent shall make available to
the Borrower the aggregate of the amounts made available to the Administrative Agent by the
Lenders, in like funds as received by the Administrative Agent in accordance with the Borrowing
Notice.

          2.3 Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally
promises to pay to the Administrative Agent for the account of the appropriate Lender, the
outstanding principal amount of each Term Loan at the Maturity Date (or on such earlier date on
which the Term Loans become due and payable pursuant to Section 7). The Borrower hereby further
agrees to pay interest on the outstanding principal amount of the Term Loans from time to time
outstanding from the date hereof until payment in full thereof at the rates per annum, and on the
dates, set forth in Section 2.9.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from
time to time, including the amounts of principal and interest payable and paid to such Lender from
time to time under this Agreement.

          (c) The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant
to Section 9.6(c), and a subaccount therein for each Lender, in which shall be recorded (i) the
amount of each Loan made hereunder and any Note evidencing such Loan, the Type of such Loan and
each Interest Period applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Borrower to each Lender hereunder and (iii) both the
amount of any sum received by the Administrative Agent hereunder from the Borrower and each
Lender’s share thereof.

          (d) The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 2.3(b) shall, to the extent permitted by applicable law, be prima facie
evidence of the existence and amounts of the obligations of the Borrower therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to
maintain the Register or any such account, or any error therein, shall not in any manner affect the
obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by
such Lender in accordance with the terms of this Agreement.

          (e) The Borrower agrees that, upon the request to the Administrative Agent by any Lender, the
Borrower will promptly execute and deliver to such Lender a promissory note of the Borrower
evidencing any Term Loans, of such Lender, substantially in the form of Exhibit E (a “Term
Note”), with appropriate insertions as to date and principal amount; provided, that
delivery of Notes shall not be a condition precedent to the occurrence of the Effective Date
or the making of the Loans.

          2.4 Fees, etc. The Borrower agrees to pay to the Administrative Agent the fees in the
amounts and on the dates from time to time agreed to in writing by the Borrower and the
Administrative Agent.

 

16

          2.5 Optional Prepayments. The Borrower may at any time and from time to time prepay
the Loans, in whole or in part, without premium or penalty (except as otherwise provided herein),
upon irrevocable notice delivered to the Administrative Agent no later than 12:00 Noon, New York
City time, three Business Days prior thereto in the case of Eurodollar Loans and no later than
12:00 Noon, New York City time, one Business Day prior thereto in the case of Base Rate Loans,
which notice shall specify the date and amount of such prepayment, whether such prepayment is of
Eurodollar Loans or Base Rate Loans; provided, that if a Eurodollar Loan is prepaid on any
day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay
any amounts owing pursuant to Section 2.15. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof. If any such notice is given, the amount
specified in such notice shall be due and payable on the date specified therein, together with
accrued interest to such date on the amount prepaid. Partial prepayments of Term Loans shall be in
an aggregate principal amount of $500,000 or a whole multiple thereof.

          2.6 Mandatory Prepayments . (a) If any Funded Debt of the type described in clauses
(a) and (c) of the definition of “Indebtedness” in Section 1.1 shall be incurred by the Borrower,
the Borrower shall prepay Term Loans in an amount equal to the net proceeds of such Funded Debt on
the date of incurrence.

          (b) If the Calfee Acquisition is not substantially completed within ten Business Days of the
Effective Date, then the Borrower shall prepay the Term Loans in full on the tenth Business Day
after the Effective Date.

          2.7 Conversion and Continuation Options. (a) The Borrower may elect from time to
time to convert Eurodollar Loans to Base Rate Loans by giving the Administrative Agent at least two
Business Days’ prior irrevocable notice of such election, provided that any such conversion
of Eurodollar Loans may be made only on the last day of an Interest Period with respect thereto.
The Borrower may elect from time to time to convert Base Rate Loans to Eurodollar Loans by giving
the Administrative Agent at least three Business Days’ prior irrevocable notice of such election
(which notice shall specify the length of the initial Interest Period therefor), provided
that no Base Rate Loan may be converted into a Eurodollar Loan (i) when any Event of Default has
occurred and is continuing and the Administrative Agent has, or the Required Lenders have,
determined in its or their sole discretion not to permit such conversions or (ii) after the date
that is one month prior to the
Maturity Date. Upon receipt of any such notice the Administrative Agent shall promptly notify
each relevant Lender thereof.

          (b) The Borrower may elect to continue any Eurodollar Loan as such upon the expiration of the
then current Interest Period with respect thereto by giving irrevocable notice to the
Administrative Agent, in accordance with the applicable provisions of the term “Interest Period”
set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loan,
provided that no Eurodollar Loan may be continued as such (i) when any Event of Default has
occurred and is continuing and the Administrative Agent has, or the Required Lenders in respect of
such Facility have, determined in its or their sole discretion not to permit such continuations or
(ii) after the date that is one month prior to the Maturity Date, and provided,
further, that if the Borrower shall fail to give any required notice as described above in
this paragraph or if such continuation is not permitted pursuant to the preceding proviso, such
Loans shall be converted automatically to Base Rate Loans on the last day of such then expiring
Interest

 

17

Period. Upon receipt of any such notice the Administrative Agent shall promptly notify
each relevant Lender thereof.

          2.8 Minimum Amounts and Maximum Number of Eurodollar Tranches. Notwithstanding
anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional
prepayments of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and
be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate
principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to
$3,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than five Eurodollar
Tranches shall be outstanding at any one time.

          2.9 Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest
for each day during each Interest Period with respect thereto at a rate per annum equal to the
Eurodollar Rate determined for such day plus the Applicable Margin in effect for such day.

          (b) Each Base Rate Loan shall bear interest for each day on which it is outstanding at a rate
per annum equal to the Base Rate in effect for such day plus the Applicable Margin in
effect for such day.

          (c) (i) If all or a portion of the principal amount of any Loan shall not be paid when due
(whether at the stated maturity, by acceleration or otherwise), all outstanding Loans (whether or
not overdue) (to the extent legally permitted) shall bear interest at a rate per annum that is
equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions
of this Section plus 2%, and (ii) if all or a portion of any interest payable on any Loan
or other amount payable hereunder shall not be paid within five days after the time when due
(whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear
interest at a rate per annum equal to the rate then applicable to Base Rate Loans plus 2%,
in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until
such amount is paid in full (after as well as before judgment).

          (d) Interest shall be payable in arrears on each Interest Payment Date, provided that
interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on
demand.

          2.10 Computation of Interest and Fees. (a) Interest, fees and commissions payable
pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed,
except that, with respect to Base Rate Loans on which interest is calculated on the basis of the
Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case
may be) day year for the actual days elapsed. The Administrative Agent shall as soon as
practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar
Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate or the
Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day
on which such change becomes effective. The Administrative Agent shall as soon as practicable
notify the Borrower and the relevant Lenders of the effective date and the amount of each such
change in interest rate.

 

18

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the
absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver
to the Borrower a statement showing the quotations used by the Administrative Agent in determining
any interest rate pursuant to Section 2.9(a).

          2.11 Inability to Determine Interest Rate. If prior to the first day of any Interest
Period:

     (a) the Administrative Agent shall have determined (which determination shall be
conclusive and binding upon the Borrower) that, by reason of circumstances affecting the
relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar
Rate for such Interest Period, or

     (b) the Administrative Agent shall have received notice from the Required Lenders that
the Eurodollar Rate determined or to be determined for such Interest Period will not
adequately and fairly reflect the cost to such Lenders (as conclusively certified by such
Lenders) of making or maintaining their affected Loans during such Interest Period,

          the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and
the relevant Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar
Loans requested to be made on the first day of such Interest Period shall be made as Base Rate
Loans, (y) any Loans that were to have been converted on the first day of such Interest Period to
Eurodollar Loans shall be continued as Base Rate Loans and (z) any outstanding Eurodollar Loans
shall be converted, on the last day of the then current Interest Period with respect thereto, to
Base Rate Loans. Until such notice has been withdrawn by the Administrative Agent, no further
Eurodollar Loans shall be made or continued as such, nor shall the Borrower have the right to
convert Loans to Eurodollar Loans.

          2.12 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower from the
Lenders hereunder and any reduction of the Commitments of the Lenders, shall be made pro
rata according to the respective Term Loan Percentages of the relevant Lenders. Each
payment of interest in respect of the Loans and each payment in respect of fees payable hereunder
shall be applied to the amounts of such obligations owing to the Lenders pro rata
according to the respective amounts then due and owing to the Lenders.

          (b) Each payment (including each prepayment) on account of principal of the Term Loans
outstanding shall be allocated among the Term Loan Lenders holding such Term Loans pro
rata based on the principal amount of such Term Loans held by such Term Loan Lenders.
Amounts prepaid on account of the Term Loans may not be reborrowed.

          (c) The application of any payment of Loans (including optional and mandatory prepayments)
shall be made, first, to Base Rate Loans and, second, to Eurodollar Loans. Each
payment of the Loans shall be accompanied by accrued interest to the date of such payment on the
amount paid.

 

19

          (d) All payments (including prepayments) to be made by the Borrower hereunder, whether on
account of principal, interest, fees or otherwise, shall be made without setoff or counterclaim and
shall be made prior to 12:00 Noon, New York City time, on the due date thereof to the
Administrative Agent, for the account of the relevant Lenders, at the Payment Office, in Dollars
and in immediately available funds. Any payment made by the Borrower after 12:00 Noon, New York
City time, on any Business Day shall be deemed to have been on the next following Business Day. If
any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a
day other than a Business Day, such payment shall be extended to the next succeeding Business Day.
If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the
maturity thereof shall be extended to the next succeeding Business Day unless the result of such
extension would be to extend such payment into another calendar month, in which event such payment
shall be made on the immediately preceding Business Day. In the case of any extension of any
payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at
the then applicable rate during such extension.

          (e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the Borrowing
Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with
interest thereon at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this
paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of
such borrowing made available by the Administrative Agent to the Borrower is not made available to
the Administrative Agent by such Lender within three Business Days after such Borrowing Date, the
Administrative Agent shall also be entitled to recover such amount with interest thereon at the
rate per annum applicable to Base Rate Loans, on demand, from the Borrower.

          (f) Unless the Administrative Agent shall have been notified in writing by the Borrower prior
to the date of any payment due to be made by the Borrower hereunder that the Borrower will not make
such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is
making such payment, and the Administrative Agent may, but shall not be required to, in reliance
upon such assumption, make available to the Lenders their respective pro rata
shares of a corresponding amount. If such payment is not made to the Administrative Agent by the
Borrower within three Business Days after such due date, the Administrative Agent shall be entitled
to recover, on demand, from each Lender to which any amount which was made available pursuant to
the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily
average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the
Administrative Agent or any Lender against the Borrower.

 

20

          (g) Upon receipt by the Administrative Agent of payments on behalf of Lenders, the
Administrative Agent shall promptly distribute such payments to the Lender or Lenders entitled
thereto, in like funds as received by the Administrative Agent.

          2.13 Requirements of Law. (a) If the adoption of or any change in any Requirement of
Law or in the interpretation or application thereof or compliance by any Lender with any request or
directive (whether or not having the force of law) from any central bank or other Governmental
Authority made subsequent to the date hereof:

     (i) shall impose, modify or hold applicable any reserve, special deposit,
compulsory loan or similar requirement against assets held by, deposits or other
liabilities in or for the account of, advances, loans or other extensions of credit
by, or any other acquisition of funds by, any office of such Lender that is not
otherwise included in the determination of the Eurodollar Rate hereunder; or

     (ii) shall impose on such Lender any other condition;

and the result of any of the foregoing is to increase the cost to such Lender, by an amount which
such Lender deems to be material, of making, converting into, continuing or maintaining Eurodollar
Loans, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, the
Borrower shall promptly pay such Lender, upon its demand, any additional amounts necessary to
compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes
entitled to claim any additional amounts pursuant to this Section, it shall promptly notify the
Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so
entitled.

          (b) If any Lender shall have determined that the adoption of or any change in any Requirement
of Law regarding capital adequacy or in the interpretation or application thereof or compliance by
such Lender or any corporation controlling such Lender with any request or directive regarding
capital adequacy (whether or not having the force of law) from any Governmental Authority made
subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s
or such corporation’s capital as a consequence of its obligations hereunder to a level below that
which such Lender or such corporation could have achieved but for such adoption, change or
compliance (taking into consideration such Lender’s or such corporation’s policies with respect to
capital adequacy) by an amount deemed by such Lender to be material, then from time to time, after
submission by such Lender to the Borrower (with a copy to the Administrative Agent) of a written
request therefor, the Borrower shall pay to such Lender such additional amount or amounts as will
compensate such Lender or such corporation for such reduction.

          (c) A certificate as to any additional amounts payable pursuant to this Section submitted by
any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the
absence of manifest error. The obligations of the Borrower pursuant to this Section shall survive
the termination of this Agreement and the payment of the Loans and all other amounts payable
hereunder.

 

21

          2.14 Taxes. (a) All payments made by the Borrower under this Agreement shall be made
free and clear of, and without deduction or withholding for or on account of, any present or future
income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings,
now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority,
excluding net income taxes, franchise taxes (imposed in lieu of net income taxes) and branch
profits taxes imposed on any Agent or any Lender as a result of a present or former connection
between such Agent or such Lender and the jurisdiction of the Governmental Authority imposing such
tax or any political subdivision or taxing authority thereof or therein (other than any such
connection arising solely from such Agent’s or such Lender’s having executed, delivered or
performed its obligations or received a payment under, or enforced, this Agreement or any other
Loan Document). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions
or withholdings (“Non-Excluded Taxes”) or any Other Taxes are required to be withheld from
any amounts payable to any Agent or any Lender hereunder, the amounts so payable to such Agent or
such Lender shall be increased to the extent necessary to yield to such Agent or such Lender (after
payment of all Non-Excluded Taxes and Other Taxes) interest or any such other amounts payable
hereunder at the rates or in the amounts specified in this Agreement; provided,
however, that the Borrower shall not be required to increase any such amounts payable to
any Lender with respect to any Non-Excluded Taxes (i) that are attributable to such Lender’s
failure to comply with the requirements of paragraph (d), (e) or (f) of this Section, (ii) that are
attributable to the certifications made in the forms or statements delivered by such Lender
pursuant to (d), (e) or (f) of this Section being untrue or inaccurate on the date delivered in any
material respect, (iii) that are United States withholding taxes imposed on amounts payable to such
Lender at the time such Lender becomes a party to this Agreement, including without limitation on
the date hereof, except that if such Lender is an Assignee then the Borrower shall be required to
increase any such amounts payable pursuant to
this Section 2.14(a) to the extent that such Lender’s assignor was entitled, at the time of
assignment, to receive additional amounts from the Borrower with respect to such Non-Excluded Taxes
pursuant to this paragraph (a), or (iv) that are imposed on payments to a lending office newly
designated by a Lender other than pursuant to Section 2.17 (a “New Lending Office”), provided that
this clause (iv) shall not apply to the extent the additional amounts any Lender (or Transferee)
would be entitled to receive do not exceed any additional amounts such Lender would have been
entitled to receive if a New Lending Office had not been designated..

          (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority
in accordance with applicable law.

          (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower, as promptly as
possible thereafter the Borrower shall send to the Administrative Agent for the account of the
Administrative Agent or Lender, as the case may be, a certified copy of an original official
receipt received by the Borrower showing payment thereof. If the Borrower fails to pay any
Non-Excluded Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to
the Administrative Agent the required receipts or other required documentary evidence, the Borrower
shall indemnify the Agents and the Lenders for any incremental taxes, interest or penalties that
may become payable by any Agent or any Lender as a result of any such failure. Notwithstanding
anything to the contrary in this Section 2.14(c), the Borrower shall not be obligated to indemnify
any Agent or any Lender for any portion of such incremental taxes, interest or penalties accruing
on such Non-Excluded Taxes or Other Taxes to

 

22

the extent such liability is attributable to a failure
or delay by the Agent or such Lender, as applicable, in making demand for such Non-Excluded Taxes
or Other Taxes. The agreements in this Section shall survive the termination of this Agreement and
the payment of the Loans and all other amounts payable hereunder.

          (d) Each Lender (or Transferee) that is not a “U.S. Person” as defined in Section 7701(a)(30)
of the Code (a “Non-U.S. Lender”) shall deliver to the Borrower and the Administrative
Agent (or, in the case of a Participant, to the Lender from which the related participation shall
have been purchased) two copies of either U.S. Internal Revenue Service Form W-8BEN or Form W-8IMY
claiming eligibility of such Non-U.S. Lender for benefits of an income tax treaty to which the
United States is a party or Form W-8ECI, or, in the case of a Non-U.S. Lender claiming exemption
from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interest” a statement substantially in the form of Exhibit F and a Form
W-8BEN, or any subsequent versions thereof or successors thereto properly completed and duly
executed by such Non-U.S. Lender claiming complete exemption from, or a reduced rate of, U.S.
federal withholding tax on all payments by the Borrower under this Agreement and the other Loan
Documents. Such forms or statements shall be delivered by each Non-U.S. Lender on or before the
date it becomes a party to this Agreement (or, in the case of any Participant, on or before the
date such Participant purchases the related participation). In addition, each Non-U.S. Lender (or
Participant) shall deliver such forms or statement promptly upon the obsolescence or invalidity of
any form or statement previously delivered by such Non-U.S. Lender (or Participant). Each Non-U.S.
Lender shall promptly notify the Borrower at any time it determines that it is no longer in a
position to provide any previously delivered certificate to the Borrower (or any other form of
certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other
provision of this
Section 2.14(d), a Non-U.S. Lender shall not be required to deliver any form pursuant to this
paragraph that such Non-U.S. Lender is not legally able to deliver.

          (e) Upon the Borrower’s reasonable request, each Lender that is a “United States person” as
defined in Section 7701(a)(30) of the Code shall deliver to the Borrower and the Agent two copies
of U.S. Internal Revenue Service Form W-9 (or applicable successor form).

          (f) A Lender (or Transferee) that is entitled to an exemption from or reduction of non-U.S.
withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty
to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver
to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by
applicable law or reasonably requested by the Borrower, such properly completed and executed
documentation prescribed by applicable law as will permit such payments to be made without
withholding or at a reduced rate, provided that such Lender (or Transferee) is legally
entitled to complete, execute and deliver such documentation and in such Lender’s (or Transferee’s)
reasonable judgment such completion, execution or submission would not materially prejudice the
legal position of such Lender (or Transferee).

          (g) If the Administrative Agent or a Lender determines, in its discretion, that it has
received a refund of any Non-Excluded Taxes or Other Taxes as to which it has been indemnified by
the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this
Section 2.14, it shall pay over such refund to the Borrower (but only to the extent

 

23

of indemnity
payments made, or additional amounts paid, by the Borrower under this Section 2.14 with respect to
the Non-Excluded Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of the Administrative Agent or such Lender and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); provided, that
the Borrower, upon the request of the Agent or such Lender, agrees to repay the amount paid over to
the Borrower (plus any penalties, interest or other charges imposed by the relevant
Governmental Authority) by the Agent or such Lender in the event the Agent or such Lender is
required to repay such refund to such Governmental Authority. This Section shall not be construed
to require the Administrative Agent or any Lender to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to the Borrower or any other Person.

          2.15 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each
Lender harmless from, any loss or expense that such Lender may sustain or incur as a consequence of
(a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar
Loans after the Borrower has given a notice requesting the same in accordance with the provisions
of this Agreement, (b) default by the Borrower in making any prepayment after the Borrower has
given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a
prepayment or conversion of Eurodollar Loans on a day that is not the last day of an Interest
Period with respect thereto. Such indemnification may include an amount equal to the excess, if
any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so
borrowed, converted or continued, for the period from the date of such prepayment or of such
failure to borrow, convert or continue to the last day of such Interest
Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that
would have commenced on the date of such failure) in each case at the applicable rate of interest
for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if
any) over (ii) the amount of interest (as reasonably determined by such Lender) that would
have accrued to such Lender on such amount by placing such amount on deposit for a comparable
period with leading banks in the interbank Eurodollar market. A certificate as to any amounts
payable pursuant to this Section submitted to the Borrower by any Lender shall be conclusive in the
absence of manifest error. This covenant shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

          2.16 Illegality. Notwithstanding any other provision herein, if the adoption of or
any change in any Requirement of Law or in the interpretation or application thereof shall make it
unlawful for any Lender to make or maintain Eurodollar Loans as contemplated by this Agreement, (a)
the commitment of such Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as such
and convert Base Rate Loans to Eurodollar Loans shall forthwith be canceled and (b) such Lender’s
Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to Base Rate
Loans on the respective last days of the then current Interest Periods with respect to such Loans
or within such earlier period as required by law. If any such conversion of a Eurodollar Loan
occurs on a day which is not the last day of the then current Interest Period with respect thereto,
the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section
2.15.

 

24

          2.17 Cooperation; Change of Lending Office. Each Lender agrees that, upon the
occurrence of any event giving rise to the operation of Section 2.13, 2.14(b) or 2.16 with respect
to such Lender or if the Borrower is required to pay additional amounts to or for the account of
any Lender or Agent pursuant to Section 2.14(a), it will, if requested by the Borrower, use
reasonable efforts (subject to overall policy considerations of such Lender) to file any
certificate or document reasonably requested by the Borrower or to designate another lending office
for any Loans affected by such event with the object of avoiding the consequences of such event;
provided, that such certification, documentation or designation is made on terms that, in
the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no
economic, legal or regulatory disadvantage, and provided, further, that nothing in
this Section shall affect or postpone any of the obligations of the Borrower or the rights of any
Lender pursuant to Section 2.13, 2.14 or 2.16.

          2.18 Replacement of Lenders under Certain Circumstances. The Borrower shall be
permitted to replace any Lender that (a) requests reimbursement for amounts owing pursuant to
Section 2.13 or 2.14 or gives a notice of illegality pursuant to Section 2.16 or (b) defaults in
its obligation to make Loans hereunder, with a replacement financial institution; provided that (i)
such replacement does not conflict with any Requirement of Law, (ii) no Event of Default shall have
occurred and be continuing at the time of such replacement, (iii) prior to any such replacement,
such Lender shall have taken no action under Section 2.17 so as to eliminate the continued need for
payment of amounts owing pursuant
to Section 2.13 or 2.14 or to eliminate the illegality referred to in such notice of
illegality given pursuant to Section 2.16, (iv) the replacement financial institution shall
purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date
of replacement, (v) the Borrower shall be liable to such replaced Lender under Section 2.15 (as
though Section 2.15 were applicable) if any Eurodollar Loan owing to such replaced Lender shall be
purchased other than on the last day of the Interest Period relating thereto, (vi) the replacement
financial institution, if not already a Lender, shall be reasonably satisfactory to the
Administrative Agent, (vii) the replaced Lender shall be obligated to make such replacement in
accordance with the provisions of Section 9.6 (provided that the Borrower shall be
obligated to pay the registration and processing fee referred to therein), (viii) the Borrower
shall pay all additional amounts (if any) required pursuant to Section 2.13 or 2.14, as the case
may be, in respect of any period prior to the date on which such replacement shall be consummated,
and (ix) any such replacement shall not be deemed to be a waiver of any rights that the Borrower,
the Administrative Agent or any other Lender shall have against the replaced Lender.

SECTION 3. REPRESENTATIONS AND WARRANTIES

          To induce the Agents and the Lenders to enter into this Agreement and to make the Loans, the
Borrower hereby represents and warrants to the Administrative Agent and each Lender that:

          3.1 Financial Condition. (a) The unaudited pro forma consolidated balance sheet of
the Borrower and its consolidated Subsidiaries as at December 31, 2006 (including the notes
thereto) (the “Pro Forma Balance Sheet”), copies of which have heretofore been furnished to
each Lender, has been prepared giving effect (as if such events had occurred on such date) to (i)
the Loans to be made on the Effective Date and the use of proceeds thereof and (ii) the

 

25

payment of
estimated fees and expenses in connection with the foregoing. The Pro Forma Balance Sheet has been
prepared based on the best information available to the Borrower as of the date of delivery
thereof, and presents fairly on a pro forma basis the estimated combined financial position of the
Borrower and its consolidated Subsidiaries as at December 31, 2006, assuming that the events
specified in the preceding sentence had actually occurred at such date.

          (b) The audited consolidated balance sheets of the Borrower and its consolidated Subsidiaries
as at December 31, 2005 and December 31, 2006, and the related consolidated statements of income
and of cash flows for the fiscal years ended on such dates, reported on by and accompanied by an
unqualified report from Ernst & Young LLP, copies of which have heretofore been furnished to each
Lender, present fairly, in all material respects, the consolidated financial condition of the
Borrower and its consolidated Subsidiaries, as at such date, and the consolidated results of its
operations and its consolidated cash flows for the respective fiscal years then ended. All such
financial statements, including the related schedules and notes thereto, have been prepared in
accordance with GAAP applied consistently throughout the periods involved (except as approved by
the aforementioned firm of accountants and disclosed therein). The Borrower and its consolidated
Subsidiaries do not have any material Guarantee Obligations (other than Guarantee Obligations of
the Borrower or its Subsidiaries in support of obligations of Subsidiaries in the ordinary course
of business consistent with past practice),
contingent liabilities and liabilities for taxes, or any long-term leases or unusual forward
or long-term commitments, including, without limitation, any interest rate or foreign currency swap
or exchange transaction or other obligation in respect of derivatives, that are not reflected in
the most recent financial statements referred to in this paragraph. During the period from
December 31, 2006 to and including the date hereof there has been no Disposition by the Borrower
and its consolidated Subsidiaries of any material part of their business or Property.

          3.2 No Change. Since December 31, 2006 there has been no development or event that
has had or would reasonably be expected to have a Material Adverse Effect.

          3.3 Corporate Existence; Compliance with Law. Each of the Borrower and its
Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, (b) has the corporate power and authority, and the legal right,
to own and operate its Property, to lease the Property it operates as lessee and to conduct the
business in which it is currently engaged, (c) is duly qualified as a foreign corporation or other
organization and in good standing under the laws of each jurisdiction where its ownership, lease or
operation of Property or the conduct of its business requires such qualification except to the
extent the failure to so qualify would not, in the aggregate, reasonably be expected to have a
Material Adverse Effect and (d) is in compliance with all Requirements of Law except to the extent
that the failure to comply therewith would not, in the aggregate, reasonably be expected to have a
Material Adverse Effect.

          3.4 Corporate Power; Authorization; Enforceable Obligations. The Borrower has the
corporate power and authority, and the legal right, to make, deliver and perform the Loan Documents
to which it is a party and to borrow hereunder. The Borrower has taken all necessary corporate
action to authorize the execution, delivery and performance of the Loan Documents to which it is a
party and to authorize the borrowings on the terms and conditions of this Agreement. Subject to
Schedule 3.4, no consent or authorization of, filing with, notice to or

 

26

other act by or in respect
of, any Governmental Authority or any other Person is required in connection with the borrowings
hereunder or the execution, delivery, performance, validity or enforceability of this Agreement or
any of the other Loan Documents, except consents, authorizations, filings and notices that have
been obtained or made and are in full force and effect. Each Loan Document has been duly executed
and delivered on behalf of the Borrower. This Agreement constitutes, and each other Loan Document
upon execution will constitute, a legal, valid and binding obligation of the Borrower, enforceable
against the Borrower in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).

          3.5 No Legal Bar. The execution, delivery and performance of this Agreement and the
other Loan Documents, the borrowings hereunder and the use of the proceeds thereof will not violate
any material Requirement of Law or any Contractual Obligation of the Borrower or any of its
Subsidiaries and will not result in, or require, the creation or imposition of any Lien on any of
their respective properties or revenues pursuant to any Requirement of Law or any such Contractual
Obligation. No Requirement of Law or Contractual Obligation applicable to the Borrower or any of
its Subsidiaries would reasonably be expected to have a Material Adverse Effect.

          3.6 No Material Litigation. No litigation, investigation or proceeding of or before
any arbitrator or Governmental Authority is pending or, to the knowledge of the Borrower,
threatened by or against the Borrower or any of its Subsidiaries or against any of their respective
properties or revenues (a) with respect to any of the Loan Documents or any of the transactions
contemplated hereby or thereby, or (b) that would reasonably be expected to have a Material Adverse
Effect.

          3.7 No Default. Neither the Borrower nor any of its Subsidiaries is in default under
or with respect to any of its Contractual Obligations in any respect that would reasonably be
expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is
continuing.

          3.8 Ownership of Property; Liens. Except as described on Schedule 3.8, each
of the Borrower and its Subsidiaries has title in fee simple to, or a valid leasehold interest in,
all its real property, and good title to, or a valid leasehold interest in, all its other property,
subject only to Liens in favor of its secured creditors and such defects in title that do not
materially affect the use or value of such property.

          3.9 Intellectual Property. The Borrower and each of its Subsidiaries owns, or is
licensed to use, all intellectual property necessary for the conduct of its business as currently
conducted. No material claim has been asserted and is pending by any Person challenging or
questioning the use of any intellectual property or the validity or effectiveness of any
intellectual property, nor does the Borrower know of any valid basis for any such claim. The use
of intellectual property by the Borrower and its Subsidiaries does not, to their knowledge,
infringe on the rights of any Person in any material respect.

 

27

          3.10 Taxes. Each of the Borrower and each of its Subsidiaries has filed or caused to
be filed all federal and state income tax returns and other material tax returns that are required
to be filed and has paid all taxes shown to be due and payable on said returns or on any
assessments made against it or any of its Property and all other material taxes, fees or other
charges imposed on it or any of its Property by any Governmental Authority (other than any the
amount or validity of which are currently being contested in good faith by appropriate proceedings
and with respect to which reserves in conformity with GAAP have been provided on the books of the
Borrower or its Subsidiaries, as the case may be); and no material tax Lien has been filed, and, to
the knowledge of the Borrower, no claim is being asserted, with respect to any such tax, fee or
other charge (other than Liens for current taxes not yet due and payable).

          3.11 Federal Regulations. No part of the proceeds of any loans, and no other
extensions of credit hereunder, will be used for “purchasing” or “carrying” any “margin stock”
within the respective meanings of each of the quoted terms under Regulation U as now and from time
to time hereafter in effect or for any purpose that violates the provisions of the Regulations of
the Board. If requested by any Lender or the Administrative Agent, the Borrower will furnish to
the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G-3 or FR Form U-1 referred to in Regulation U.

          3.12 Labor Matters. There are no strikes or other labor disputes against the Borrower
or any of its Subsidiaries pending or, to the knowledge of the Borrower, threatened that
(individually or in the aggregate) would reasonably be expected to have a Material Adverse Effect.
Hours worked by and payment made to employees of the Borrower and its Subsidiaries have not been in
violation of the Fair Labor Standards Act or any other applicable requirement of law dealing with
such matters that (individually or in the aggregate) would reasonably be expected to have a
Material Adverse Effect. All payments due from the Borrower or any of its Subsidiaries on account
of employee health and welfare insurance that (individually or in the aggregate) would reasonably
be expected to have a Material Adverse Effect if not paid have been paid or accrued as a liability
on the books of the Borrower or the relevant Subsidiary.

          3.13 ERISA. Neither a Reportable Event nor an “accumulated funding deficiency”
(within the meaning of Section 412 of the Code or Section 302 of ERISA) has occurred during the
five-year period prior to the date on which this representation is made or deemed made with respect
to any Single Employer Plan, and each Single Employer Plan has complied in all material respects
with the applicable provisions of ERISA and the Code. No termination of a Single Employer Plan has
occurred, and no Lien in favor of the PBGC or a Plan has arisen, during such five-year period on
the assets of the Borrower or any Commonly Controlled Entity. The present value of all accrued
benefits under each Single Employer Plan (based on those assumptions used to fund such Plans) did
not, as of the last annual valuation date prior to the date on which this representation is made or
deemed made, exceed the value of the assets of such Plan allocable to such accrued benefits by a
material amount. Neither the Borrower nor any Commonly Controlled Entity has had a complete or
partial withdrawal from any Multiemployer Plan that has resulted or would reasonably be expected to
result in a material liability under ERISA, and neither the Borrower nor any Commonly Controlled
Entity would become subject to any material liability under ERISA if the Borrower or any such
Commonly Controlled Entity were to withdraw completely from all Multiemployer Plans as of the
valuation

 

28

date most closely preceding the date on which this representation is made or deemed made.
No such Multiemployer Plan is in reorganization or insolvent.

          3.14 Investment Company Act; Other Regulations. The Borrower is not an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the
Investment Company Act of 1940, as amended. The Borrower is not subject to regulation under any
Requirement of Law (other than Regulation X of the Board) that limits its ability to incur
Indebtedness.

          3.15 Subsidiaries. (a) The Subsidiaries listed on Schedule 3.15 constitute
all the Subsidiaries of the Borrower at the date hereof. Schedule 3.15 sets forth as of
the Effective Date the name and jurisdiction of incorporation of each Subsidiary and, as to each
Subsidiary, the percentage of each class of Capital Stock owned by the Borrower.

          (b) There are no outstanding subscriptions, options, warrants, calls, rights or other
agreements or commitments (other than stock options or awards granted to employees, consultants or
directors and directors’ qualifying shares) to issue any Capital Stock of the Borrower or any of
its Subsidiaries.

          3.16 Use of Proceeds. The proceeds of the Term Loans shall be used to to fund a
subordinated intercompany loan to MAPCO Express, Inc., the proceeds of which will be used to pay a
portion of the Calfee Acquisition costs and related fees and expenses (including fees and expenses
incurred in connection with this Agreement and the transactions contemplated hereby).

          3.17 Environmental Matters. Subject to Schedule 3.17, other than exceptions to any of
the following that would not, individually or in the aggregate, reasonably be expected to result in
the payment of a Material Environmental Amount (after giving effect to any insurance coverage or
any third party indemnity as to which the third party indemnitor has acknowledged coverage):

     (a) The Borrower and its Subsidiaries: (i) are, and within the period of all
applicable statutes of limitation have been, in compliance with all applicable Environmental
Laws; (ii) hold all Environmental Permits (each of which is in full force and effect)
required for any of their current or intended operations or for any property owned, leased,
or otherwise operated by any of them; (iii) are, and within the period of all applicable
statutes of limitation have been, in compliance with all of their Environmental Permits; and
(iv) reasonably believe that: each of their Environmental Permits will be timely renewed
and complied with; any additional Environmental Permits that may be required of any of them
will be timely obtained and complied with; and compliance with any Environmental Law that is
or is expected to become applicable to any of them will be timely attained and maintained.

     (b) Materials of Environmental Concern are not present at, on, under, in, or about any
real property now or formerly owned, leased or operated by the Borrower or any of its
Subsidiaries, or at any other location (including, without limitation, any location to
which Materials of Environmental Concern have been sent for re-use or recycling or for
treatment, storage, or disposal) which would reasonably be expected to (i) give rise to

 

29

liability of the Borrower or any of its Subsidiaries under any applicable Environmental Law
or otherwise result in costs to the Borrower or any of its Subsidiaries, or (ii) interfere
with the Borrower’s or any of its Subsidiaries’ continued operations, or (iii) impair the
fair saleable value of any real property owned or leased by the Borrower or any of its
Subsidiaries (it being understood that noncompliance with this clause (iii) shall be deemed
not to constitute a breach of this Section 3.17(b)(iii) if such noncompliance would not,
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect).

     (c) There is no judicial, administrative, or arbitral proceeding (including any notice
of violation or alleged violation) under or relating to any Environmental Law to which the
Borrower or any of its Subsidiaries is, or to the knowledge of the Borrower or any of its
Subsidiaries will be, named as a party that is pending or, to the knowledge of the Borrower
or any of its Subsidiaries, threatened.

     (d) Neither the Borrower nor any of its Subsidiaries has received any written request
for information, or been notified that it is a potentially responsible party under or
relating to the federal Comprehensive Environmental Response, Compensation, and Liability
Act or any similar Environmental Law, or with respect to any Materials of Environmental
Concern.

     (e) Neither the Borrower nor any of its Subsidiaries has entered into or agreed to any
consent decree, order, or settlement or other agreement, or is subject to any judgment,
decree, or order or other agreement, in any judicial, administrative, arbitral, or other
forum for dispute resolution, relating to compliance with or liability under any
Environmental Law.

     (f) Neither the Borrower nor any of its Subsidiaries has assumed or retained, by
contract or operation of law, any liabilities of any kind, fixed or contingent, known or
unknown, under any Environmental Law or with respect to any Material of Environmental
Concern.

          3.18 Accuracy of Information, etc. No statement or information contained in this
Agreement, any other Loan Document or any other document, certificate or statement furnished to the
Administrative Agent or the Lenders or any of them, by or on behalf of the Borrower for use in
connection with the transactions contemplated by this Agreement or the other Loan Documents,
contained as of the date such statement, information, document or certificate was so furnished, any
untrue statement of a material fact or omitted to state a material fact necessary to make the
statements contained herein or therein not misleading. The Projections and pro forma financial
information contained in the materials referenced above are based upon good faith estimates and
assumptions believed by management of the Borrower to be reasonable at the time made, it being
recognized by the Lenders that such financial information as it relates to future events is not to
be viewed as fact and that actual results during the period or periods covered by such financial
information may
differ from the projected results set forth therein by a material amount. There is no fact
(other than facts relating to general economic conditions) known to the Borrower that would
reasonably be expected to have a Material Adverse Effect that has not been expressly disclosed
herein, in the other Loan Documents or in

 

30

any other documents, certificates and statements
furnished to the Agents and the Lenders for use in connection with the transactions contemplated
hereby and by the other Loan Documents.

          3.19 Solvency. The Borrower and its Subsidiaries, taken together, are and after
giving effect to the incurrence of all Indebtedness and obligations being incurred in connection
herewith and therewith will be, Solvent.

SECTION 4. CONDITIONS PRECEDENT

          4.1 Conditions to Effectiveness. The occurrence of the Effective Date and the
agreement of each Lender to make extensions of credit requested to be made by it hereunder are
subject to the satisfaction, on or prior to March 30, 2007, of the following conditions precedent:

     (a) Loan Documents. The Administrative Agent shall have received this
Agreement, executed and delivered by a duly authorized officer of the Borrower.

     (b) Pro Forma Balance Sheet; Financial Statements; Projections. The Lenders
shall have received (i) the Pro Forma Balance Sheet, (ii) audited consolidated financial
statements of the Borrower and its consolidated Subsidiaries for the 2005 and 2006 fiscal
years, (iii) unaudited interim consolidated financial statements of the Borrower and its
consolidated Subsidiaries for each quarterly period ended subsequent to the date of the
latest applicable financial statements delivered pursuant to clause (ii) of this paragraph
as to which such financial statements are available, and (iv) the Projections.

     (c) Approvals. All governmental and third party approvals (including
landlords’ and other consents) necessary in connection with the continuing operations of the
Borrower and its Subsidiaries and the transactions contemplated hereby shall have been
obtained and be in full force and effect.

     (d) Related Agreements. The Administrative Agent shall have received
(delivered by a method reasonably satisfactory to the Administrative Agent), true and
correct copies of (i) the purchase agreement relating to the Calfee Acquisition (which
agreement shall be in full force and effect and the closing of the Calfee Acquisition shall
be scheduled to occur no more than 5 Business Days after the Effective Date), and (ii) such
documents or instruments as may be reasonably requested by the Administrative Agent,
including, without limitation, a copy of any debt instrument, security agreement or other
material contract to which the Borrower may be a party.

     (e) Fees. The Lenders and the Administrative Agent shall have received all
fees required to be paid, and all expenses for which invoices have been presented (including
reasonable fees, disbursements and other charges of counsel to the Agents), on or
before the Effective Date. All such amounts will be paid with proceeds of Loans made on the
Effective Date and will be reflected in the funding instructions given by the Borrower to
the Administrative Agent on or before the Effective Date.

     (f) Closing Certificate. The Administrative Agent shall have received a
certificate of the Borrower, dated the Effective Date, substantially in the form of Exhibit
B, with appropriate insertions and attachments.

 

31

     (g) Legal Opinions. The Administrative Agent shall have received the legal
opinion of Fulbright & Jaworski L.L.P., counsel to the Borrower and its Subsidiaries,
substantially in the form of Exhibit D. Such legal opinion shall cover such other matters
incident to the transactions contemplated by this Agreement as the Administrative Agent may
reasonably require and shall be addressed to the Administrative Agent and the Lenders.

     (h) Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 5.5 hereto that (i) provide for at least
30 days’ notice to the Administrative Agent of termination, lapse or cancellation and (ii)
name the Administrative Agent as insured party or loss payee.

     (i) No Default. No Default or Event of Default shall have occurred and be
continuing on such date or after giving effect to the extensions of credit made on the
Effective Date.

     (j) PATRIOT Act. The Lenders shall have received, sufficiently in advance of
the Effective Date, all documentation and other information required by bank regulatory
authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including without limitation the United States PATRIOT Act.

SECTION 5. AFFIRMATIVE COVENANTS

          The Borrower agrees that, so long as the Commitments remain in effect or any Loan or other
amount is owing to any Lender or any Agent hereunder, the Borrower shall and shall cause each of
its Subsidiaries to:

          5.1 Financial Statements. Furnish to the Administrative Agent and each Lender:

     (a) as soon as available, but in any event within 90 days after the end of each fiscal
year of the Borrower, a copy of the audited consolidated balance sheet of each of the
Borrower and its consolidated Subsidiaries as at the end of such year and the related
audited consolidated statements of income and of cash flows for such year, setting forth in
comparative form the figures as of the end of and for the previous year, and reported on
without a “going concern” or like qualification or exception, or qualification arising out
of the scope of the audit, by Ernst & Young LLP or other independent certified public
accountants of nationally recognized standing; and

     (b) as soon as available, but in any event not later than 50 days after the end of each
of the first three quarterly periods of each fiscal year of the Borrower, (i) the unaudited
consolidated balance sheet of each of the Borrower and its consolidated Subsidiaries as at
the end of such quarter and the related unaudited consolidated statements of income and of
cash flows for such quarter and the portion of the fiscal year through the end of such
quarter, setting forth in each case in comparative form the figures as of the end of and for
the corresponding period in the previous year, certified by a Responsible Officer as being
fairly stated in all material respects (subject to normal year-end audit adjustments) and
(ii) in the case of the quarterly period ending on June 30, 2007, only, an updated Pro Forma
Balance Sheet satisfying the requirements of Section

 

32

3.1(a) but also giving pro forma effect
to the Calfee Acquisition as at December 31, 2006;

all such financial statements to be complete and correct in all material respects and to be
prepared in reasonable detail and in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein).

          5.2 Certificates; Other Information. Furnish to each Agent and each Lender, or, in
the case of clause (f), to the relevant Lender:

     (a) concurrently with the delivery of the financial statements referred to in Section
5.1(a), a certificate of the independent certified public accountants reporting on such
financial statements stating that in making the examination necessary therefor no knowledge
was obtained of any Default or Event of Default, except as specified in such certificate (it
being understood that such certificate shall be limited to the items that independent
certified public accountants are permitted to cover in such certificates pursuant to their
professional standards and customs of the profession);

     (b) concurrently with the delivery of any financial statements pursuant to Section 5.1,
(i) a certificate of a Responsible Officer of the Borrower stating that, to the best of such
Responsible Officer’s knowledge, the Borrower during such period has observed or performed
all of its covenants and other agreements, and satisfied every condition, contained in this
Agreement and the other Loan Documents to which it is a party to be observed, performed or
satisfied by it, and that such Responsible Officers have obtained no knowledge of any
Default or Event of Default except as specified in such certificate and (ii) in the case of
quarterly or annual financial statements, (x) a Compliance Certificate containing all
information and calculations necessary for determining compliance by the Borrower and its
Subsidiaries with the provisions of this Agreement referred to therein as of the last day of
the fiscal quarter or fiscal year of the Borrower, as the case may be, and (y) other
filings specified in such Compliance Certificate as being required to be delivered
therewith;

     (c) as soon as available, and in any event no later than 50 days after the end of each
fiscal year of the Borrower, a detailed consolidated budget for the following fiscal year
(including a projected consolidated balance sheet of the Borrower and its Subsidiaries as of
the end of the following fiscal year, projected cash flows and projected income
and a description of the underlying assumptions applicable thereto), and, as soon as
available, significant revisions, if any, of such budget and projections with respect to
such fiscal year, which projections shall in each case be accompanied by a certificate of a
Responsible Officer of the Borrower stating that such projections are based on reasonable
estimates, information and assumptions and that such Responsible Officers have no reason to
believe that such projections are incorrect or misleading in any material respect;

     (d) within 50 days after the end of the first three fiscal quarters of the Borrower and
within 90 days after the end of each fiscal year of the Borrower, a narrative

 

33

discussion and
analysis of the consolidated financial condition and results of operations of the Borrower
and its Subsidiaries for such fiscal quarter and for the period from the beginning of the
then current fiscal year to the end of such fiscal quarter, as compared to the comparable
periods of the previous year;

     (e) within five days after the same are sent, copies of all financial statements and
reports that the Borrower sends to the holders of any class of its debt securities or public
equity securities and, within five days after the same are filed, copies of all financial
statements and reports that the Borrower may make to, or file with, the SEC; and

     (f) promptly, such additional financial and other information as any Lender may from
time to time reasonably request.

          The Borrower shall be deemed to have provided each Agent and the Lenders the financial
statements required pursuant to Section 5.1, the narrative discussion and analysis required
pursuant to Section 5.2(d), and the financial statements and reports required by Section 5.2(e) if
it has filed such reports with the Securities and Exchange Commission via the Edgar filing system
and such reports are made publicly available.

          5.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity
or before they become delinquent, as the case may be, all its material obligations of whatever
nature, except where the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect thereto have been
provided on the books of the Borrower or its Subsidiaries, as the case may be.

          5.4 Conduct of Business and Maintenance of Existence; Compliance. (a)(i) Subject to
Section 6.4, preserve, renew and keep in full force and effect its organizational existence and
(ii) take all reasonable action to maintain all rights, privileges and franchises necessary or
desirable in the normal conduct of its business, except, in each case, as otherwise permitted by
Section 6.4 and except, in the case of clause (ii) above, to the extent that failure to do so would
not reasonably be expected to have a Material Adverse Effect; and

          (b) comply with all Contractual Obligations and Requirements of Law, except to the extent that
failure to comply therewith would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect.

          5.5 Maintenance of Property; Insurance. (a) Keep all Property and systems useful and
necessary in its business in good working order and condition, ordinary wear and tear excepted and
(b) maintain with financially sound and reputable insurance companies insurance on all its Property
in at least such amounts and against at least such risks (but including in any event public
liability, product liability and business interruption) as are usually insured against in the same
general area by companies engaged in the same or a similar business and environmental insurance in
coverage and amounts reasonably satisfactory to the Administrative Agent.

          5.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of
records and account in which full, true and correct entries in conformity with GAAP shall be made
of all dealings and transactions in relation to its business and activities and (b) permit
representatives of any Lender to visit and inspect any of its properties and examine and make
abstracts from any of its books and records at any reasonable time and as often as may

 

34

reasonably
be desired (but not more than two visits in any calendar year unless an Event of Default has
occurred and is continuing) and to discuss the business, operations, properties and financial and
other condition of the Borrower and its Subsidiaries with officers and employees of the Borrower
and its Subsidiaries and with their independent certified public accountants (such discussions with
the independent certified accountants to be in the presence of an officer of employee of the
Borrower or its Subsidiaries).

          5.7 Notices. Promptly give notice to the Administrative Agent and each Lender of:

     (a) the occurrence of any Default or Event of Default;

     (b) any (i) default or event of default under any Contractual Obligation of the
Borrower or any of its Subsidiaries or (ii) litigation, investigation or proceeding which
may exist at any time between the Borrower or any of its Subsidiaries and any Governmental
Authority, that in either case, if not cured or if adversely determined, as the case may be,
would reasonably be expected to have a Material Adverse Effect;

     (c) any litigation or proceeding against the Borrower or any of its Subsidiaries (i) in
which the amount involved is $3,000,000 or more and not covered by insurance, (ii) in which
injunctive or similar relief is sought or (iii) which relates to any Loan Document;

     (d) the following events, as soon as possible and in any event within 30 days after the
Borrower knows or has reason to know thereof: (i) the occurrence of any Reportable Event
with respect to any Plan, a failure to make any required contribution to a Plan, the
creation of any Lien on the assets of the Borrower or any Commonly Controlled Entity in
favor of the PBGC or a Plan or any withdrawal from, or the termination, Reorganization
or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the
taking of any other action by the PBGC or the Borrower or any Commonly Controlled Entity or
any Multiemployer Plan with respect to the withdrawal from, or the termination,
Reorganization or Insolvency of, any Plan;

     (e) as soon as possible and in any event within 30 days of obtaining knowledge thereof:
(i) any development, event, or condition that, individually or in the aggregate with other
developments, events or conditions, would reasonably be expected to result in the payment by
the Borrower and its Subsidiaries, in the aggregate, of a Material Environmental Amount; and
(ii) any notice that any Governmental Authority may deny any application for an
Environmental Permit sought by, or revoke or refuse to renew any Environmental Permit held
by, the Borrower or any of its Subsidiaries, which denial, revocation or refusal would
reasonably be expected to materially impact the Borrower or any of its Subsidiaries; and

     (f) any development or event that has had or would reasonably be expected to have a
Material Adverse Effect.

 

35

Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer
of the related Borrower setting forth details of the occurrence referred to therein and stating
what action the Borrower or the relevant Subsidiary proposes to take with respect thereto.

          5.8 Environmental Laws. (a) Comply in all material respects with, and ensure
compliance in all material respects by all tenants and subtenants, if any, with, all applicable
Environmental Laws, and obtain and comply in all material respects with and maintain, and use
reasonable efforts to ensure that all tenants and subtenants obtain and comply in all material
respects with and maintain, any and all licenses, approvals, notifications, registrations or
permits required by applicable Environmental Laws.

          (b) Conduct and complete all investigations, studies, sampling and testing, and all remedial,
removal and other actions required under applicable Environmental Laws and promptly comply in all
material respects with all lawful orders and directives of all Governmental Authorities regarding
Environmental Laws.

          (c) Generate, use, treat, store, release, dispose of, and otherwise manage Materials of
Environmental Concern in a manner that would not reasonably be expected to result in a material
liability to the Borrower or any of its Subsidiaries or to materially affect any real property
owned or leased by any of them; and use reasonable efforts to prevent any other Person from
generating, using, treating, storing, releasing, disposing of, or otherwise managing Materials of
Environmental Concern in a manner that would reasonably be expected to result in a material
liability to, or materially affect any real property owned or operated by, the Borrower or any of
its Subsidiaries. Noncompliance with any of the foregoing shall be deemed not to constitute a
breach of this Section 5.8(c); provided that, upon learning of such noncompliance or
suspected noncompliance, the Borrower shall promptly undertake reasonable efforts to achieve
compliance, and provided further that, such noncompliance and any other
noncompliance would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect.

          5.9 Further Assurances. From time to time execute and deliver, or cause to be
executed and delivered, such additional instruments, certificates or documents, and take such
actions, as the Administrative Agent may reasonably request for the purposes of implementing or
effectuating the provisions of this Agreement and the other Loan Documents. Upon the exercise by
the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this
Agreement or the other Loan Documents which requires any consent, approval, recording,
qualification or authorization of any Governmental Authority, the Borrower will execute and
deliver, or will cause the execution and delivery of, all applications, certifications, instruments
and other documents and papers that the Administrative Agent or such Lender may be required to
obtain from the Borrower or any of its Subsidiaries for such governmental consent, approval,
recording, qualification or authorization.

SECTION 6. NEGATIVE COVENANTS

          The Borrower hereby agrees that, so long as the Commitments remain in effect or other amount
is owing to any Lender or any Agent hereunder, the Borrower shall not:

 

36

          6.1 Financial Condition Covenants.

     Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as at the
last day of any period of four consecutive fiscal quarters of the Borrower, commencing with
the first fiscal quarter ending after the Effective Date, to exceed 2.75 to 1.0.

          6.2 Limitation on Indebtedness. Create, incur, assume or suffer to exist any
Indebtedness, except:

     (a) Indebtedness of the Borrower pursuant to any Loan Document;

     (b) Indebtedness outstanding on the date hereof and listed on Schedule 6.2(b)
and any refinancings, refundings, renewals or extensions thereof (without any increase in
the principal amount thereof or any shortening of the maturity of any principal amount
thereof);

     (c) Funded Debt of the type described in clauses (a) and (c) of the definition of
“Indebtedness” in Section 1.1 (the net proceeds of which are to be applied to the prepayment
of the Term Loans pursuant to Section 2.6(a));

     (d) Guarantee Obligations of the Borrower in respect of Capital Lease Obligations of
its Subsidiaries in an aggregate amount at any time outstanding not to exceed $5,000,000.

          6.3 Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon any of its Property, whether now
owned or hereafter acquired, except for:

     (a) Liens for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect thereto are
maintained on the books of the Borrower or its Subsidiaries, as the case may be, in
conformity with GAAP;

     (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business that are not overdue for a period of more
than 45 days or that are being contested in good faith by appropriate proceedings;

     (c) pledges or deposits in connection with workers’ compensation, unemployment
insurance and other social security legislation;

     (d) deposits to secure the performance of bids, trade contracts (other than for
borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds
and other obligations of a like nature incurred in the ordinary course of business; and

     (e) Liens in existence on the date hereof listed on Schedule 6.3(b), securing
Indebtedness permitted by Section 6.2(b), provided that the amount of Indebtedness
secured thereby is not increased.

 

37

          6.4 Limitation on Fundamental Changes. Enter into any merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or Dispose of all or substantially all of its Property or business, or acquire by purchase or
otherwise (other than purchases or other acquisitions of inventory, materials and equipment and
capital expenditures in the ordinary course of business) the business, or stock or other evidence
of beneficial ownership of, any Person or business unit of any Person, except that:

     (a) any Subsidiary of the Borrower may be merged or consolidated with or into the
Borrower (provided that the Borrower shall be the continuing or surviving
corporation); and

     (b) any Subsidiary of the Borrower may Dispose of any or all of its assets (upon
voluntary liquidation or otherwise) to the Borrower.

          6.5 Limitation on Disposition of Property. Dispose of any of its Property, and shall
not permit any of its Subsidiaries to, directly or indirectly, dispose of any of their respective
Properties (including, without limitation, receivables and leasehold interests), whether now owned
or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such
Subsidiary’s Capital Stock to any Person, except:

     (a) the Disposition of obsolete or worn out property in the ordinary course of
business;

     (b) the sale of inventory in the ordinary course of business;

     (c) Dispositions permitted by Section 6.4(b);

     (d) the sale or issuance of any Subsidiary’s Capital Stock to the Borrower;

     (e) the Disposition of other assets having a fair market value not to exceed
$20,000,000 in the aggregate for any fiscal year of the Borrower; and

     (f) any Recovery Event so long as the net proceeds received on account thereof are
reinvested in the business of the Borrower and its Subsidiaries or are applied to the
prepayment of outstanding Indebtedness of the Borrower or its Subsidiaries in accordance
with the terms of the agreements governing such Indebtedness.

          6.6 Limitation on Restricted Payments. Declare or pay any dividend on, or make any
payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase,
redemption, defeasance, retirement or other acquisition of, any Capital Stock of the Borrower or
any Subsidiary, whether now or hereafter outstanding, or make any other distribution in respect
thereof, either directly or indirectly, whether in cash or property or in obligations of the
Borrower or any Subsidiary, or enter into any derivatives or other transaction with any financial
institution, commodities or stock exchange or clearinghouse (a “Derivatives Counterparty”)
obligating the Borrower or any Subsidiary to make payments to such Derivatives Counterparty as a
result of any change in market value of any such Capital Stock (collectively, “Restricted
Payments”), except that the Borrower may make Restricted Payments in the form of (i) annual
dividends in respect of Capital Stock not to exceed an aggregate amount of

 

38

$10,000,000 per annum,
and (ii) a one-time special dividend in an amount not to exceed $15,000,000.

          6.7 Limitation on Restrictions on Subsidiary Distributions. Permit any of
its Subsidiaries, directly or indirectly, to enter into or suffer to exist or become effective any
consensual encumbrance or restriction on the ability of any Subsidiary to (a) make Restricted
Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed
to, the Borrower or any other Subsidiary, (b) make Investments in the Borrower or any other
Subsidiary or (c) transfer any of its assets to any Borrower or any other Subsidiary, except in
each case for such encumbrances or restrictions existing under or by reason of (i) any restrictions
pursuant to agreements in existence on the date hereof listed on Schedule 6.7 and (ii) any
restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered
into in connection with the Disposition of all or substantially all of the Capital Stock or assets
of such Subsidiary.

          6.8 Limitation on Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or
exchange of Property, the rendering of any service or the payment of any management, advisory or
similar fees, with any Affiliate (other than any direct or indirect wholly owned Subsidiary) unless
such transaction is (i) pursuant to an arrangement in existence on the Effective Date and described
in Schedule 6.8 or (ii)(a) otherwise permitted under this Agreement, (b) in the ordinary course of
business of the Borrower or its Subsidiaries (including, but without limitation, management fees
paid by the Borrower to Subsidiaries for services provided by such Subsidiaries to the Borrower),
as the case may be, and (c) upon fair and reasonable terms no less favorable in the aggregate to
the Borrower or its Subsidiaries, as the case may be, than it would obtain in a comparable arm’s
length transaction with a Person that is not an Affiliate.

          6.9 Limitation on Changes in Fiscal Periods. Permit the fiscal year of the Borrower
to end on a day other than December 31 or change the Borrower’s method of determining fiscal
quarters.

          6.10 Limitation on Lines of Business. Enter into any business, either directly or
through any Subsidiary, except for those businesses in which the Borrower and its Subsidiaries are
engaged on the date of this Agreement or that are reasonably related thereto.

SECTION 7. EVENTS OF DEFAULT

          If any of the following events shall occur and be continuing:

     (a) the Borrower shall fail to pay any principal of any Loan when due in accordance
with the terms hereof; or the Borrower shall fail to pay any interest on any Loan, or any
other amount payable hereunder or under any other Loan Document, within five days after any
such interest or other amount becomes due in accordance with the terms hereof or thereof; or

     (b) any representation or warranty made or deemed made by the Borrower herein or in any
other Loan Document or that is contained in any certificate, document or financial or other
statement furnished by it at any time under or in connection with this

 

39

Agreement or any such
other Loan Document shall prove to have been inaccurate in any material respect on or as of
the date made or deemed made or furnished; or

     (c) the Borrower shall default in the observance or performance of any agreement
contained in Section 6 or Section 6; provided that with respect to a default in the
observance or performance of the requirements of Section 5 (other than clause (i) or (ii) of
Section 5.4(a)), the Borrower shall have 15 days to remedy such default; or

     (d) the Borrower shall default in the observance or performance of any other agreement
contained in this Agreement or any other Loan Document (other than as provided in paragraphs
(a) through (c) of this Section), and such default shall continue unremedied for a period of
30 days; or

     (e) the Borrower or any of its Subsidiaries shall (i) default in making any payment of
any principal of any Indebtedness (including, without limitation, any Guarantee Obligation,
but excluding the Loans) on the scheduled or original due date with respect thereto; or (ii)
default in making any payment of any interest on any such Indebtedness beyond the period of
grace, if any, provided in the instrument or agreement under which such Indebtedness was
created; or (iii) default in the observance or performance of any other agreement or
condition relating to any such Indebtedness or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event shall occur or condition exist,
the effect of which default or other event or condition is to cause, or to permit the holder
or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or
beneficiary) to cause, with the giving of notice if required, such Indebtedness to become
due prior to its stated maturity or to become subject to a mandatory offer to purchase by
the obligor thereunder or (in the case of any such Indebtedness constituting a Guarantee
Obligation) to become payable; provided, that a default, event or condition
described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any time
constitute an Event of Default unless, at such time, one or more defaults, events or
conditions of the type described in clauses (i), (ii) and (iii) of this paragraph (e) shall
have occurred and be continuing with respect to Indebtedness the outstanding principal
amount of which exceeds in the aggregate $10,000,000; or

     (f) (i) the Borrower shall commence any case, proceeding or other action (A) under any
existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition
or other relief with respect to it or its debts, or (B) seeking appointment of a receiver,
trustee, custodian, conservator or other similar official for it or for all or any
substantial part of its assets, or the Borrower shall make a general assignment for the
benefit of its creditors; or (ii) there shall be commenced against the Borrower any case,
proceeding or other action of a nature referred to in clause (i) above that (A) results in
the entry of an order for relief or any such adjudication or appointment or (B) remains
undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be
commenced against the Borrower or any of its Subsidiaries any case, proceeding or other
action seeking issuance of a warrant of attachment, execution, distraint or similar process

 

40

against all or any substantial part of its assets that results in the entry of an order for
any such relief that shall not have been vacated, discharged, or stayed or bonded pending
appeal within 60 days from the entry thereof; or (iv) the Borrower or any of its
Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or
(v) the Borrower or any of its Subsidiaries shall generally not, or shall be unable to, or
shall admit in writing its inability to, pay its debts as they become due; provided,
that issuance of a warrant of distraint or assertion of a lien for unpaid taxes in
connection with a case, proceeding or other action described in clause (iii) of this
paragraph (f) shall not at any time constitute an Event of Default unless, at such time,
such warrant of distraint or assertion of a lien are for unpaid taxes in the aggregate
amount in excess of $5,000,000; or

     (g) (i) any Person shall engage in any “prohibited transaction” (as defined in Section
406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding
deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with
respect to any Plan, or any Lien in favor of the PBGC or a Plan shall arise on the assets of
the Borrower or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with
respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be
appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event
or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of
the Required Lenders, likely to result in the termination of such Plan for purposes of Title
IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of
ERISA, (v) the Borrower or any Commonly Controlled Entity shall incur any liability in
connection with a withdrawal from, or the Insolvency or Reorganization of, a Multiemployer
Plan or (vi) any other event or condition shall occur or exist with respect to a Plan; and
in each case in clauses (i) through (vi) above, such event or condition, together with all
other such events or conditions, if any, would reasonably be expected to have a Material
Adverse Effect; or

     (h) one or more material judgments or decrees shall be entered against the Borrower or
any of its Subsidiaries involving for the Borrower and its Subsidiaries taken as a whole a
liability (not paid or fully covered by insurance as to which the relevant insurance company
has acknowledged coverage) of $20,000,000 or more, and all such judgments or decrees shall
not have been vacated, discharged, stayed or bonded pending appeal within 30 days from the
entry thereof; or

     (i) any order, judgment or decree shall be entered against the Borrower or any
Subsidiary decreeing the dissolution or split up of the Borrower or such Subsidiary, as the
case may be, and such order shall remain undischarged or unstayed for a period in excess of
30 days; or

     (j) the Borrower suspends the operations of the businesses in which it is engaged on
the date of this Agreement; or

     (k) any Change of Control shall occur.

 

41

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above with respect to the Borrower, automatically the Loans hereunder (with
accrued interest thereon) and all other amounts owing under this Agreement and the other Loan
Documents shall immediately become due and payable, and (B) if such event is any other Event of
Default, with the consent of the Required Lenders, the Administrative Agent may, or upon the
request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare
the Loans hereunder (with accrued interest thereon) and all other amounts owing under this
Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall
immediately become due and payable.

SECTION 8. THE AGENTS

          8.1 Appointment. Each Lender hereby irrevocably designates and appoints the Agents as
the agents of such Lender under this Agreement and the other Loan Documents, and each Lender
irrevocably authorizes each Agent, in such capacity, to take such action on its behalf under the
provisions of this Agreement and the other Loan Documents and to exercise such powers and perform
such duties as are expressly delegated to such Agent by the terms of this Agreement and the other
Loan Documents, together with such other powers as are reasonably incidental thereto.
Notwithstanding any provision to the contrary elsewhere in this Agreement, no Agent shall have any
duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship
with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or
liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against
any Agent.

          8.2 Delegation of Duties. Each Agent may execute any of its duties under this
Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be
entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be
responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with
reasonable care.

          8.3 Exculpatory Provisions. Neither any Agent nor any of its officers, directors,
employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action lawfully
taken or omitted to be taken by it or such Person under or in connection with this Agreement or any
other Loan Document (except to the extent that any of the foregoing are found by a final and
nonappealable decision of a court of competent jurisdiction to have resulted from its or such
Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of
the Lenders for any recitals, statements, representations or warranties made by the Borrower or any
officer thereof contained in this Agreement or any other Loan Document or in any certificate,
report, statement or other document referred to or provided for in, or received by the Agents under
or in connection with, this Agreement or any other Loan Document or for the value, validity,
effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan
Document or for any failure of the Borrower to perform its obligations hereunder or thereunder.
The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions of, this Agreement
or any other Loan Document, or to inspect the properties, books or records of the Borrower.

 

42

          8.4 Reliance by the Agents. Each Agent shall be entitled to rely, and shall be fully
protected in relying, upon any instrument, writing, resolution, notice, consent, certificate,
affidavit, letter, telecopy, telex or teletype message, statement, order or other document or
conversation believed by it to be genuine and correct and to have been signed, sent or made by the
proper Person or Persons and
upon advice and statements of legal counsel (including, without limitation, counsel to the
Borrower), independent accountants and other experts selected by such Agent. The Agents may deem
and treat the payee of any Note as the owner thereof for all purposes unless such Note shall have
been transferred in accordance with Section 9.6 and all actions required by such Section in
connection with such transfer shall have been taken. Each Agent shall be fully justified in
failing or refusing to take any action under this Agreement or any other Loan Document unless it
shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this
Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement) as it
deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any
and all liability and expense that may be incurred by it by reason of taking or continuing to take
any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from
acting, under this Agreement and the other Loan Documents in accordance with a request of the
Required Lenders (or, if so specified by this Agreement, all Lenders or any other instructing group
of Lenders specified by this Agreement), and such request and any action taken or failure to act
pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.

          8.5 Notice of Default. No Agent shall be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default hereunder unless such Agent shall have received
notice from a Lender or a Borrower referring to this Agreement, describing such Default or Event of
Default and stating that such notice is a “notice of default”. In the event that the
Administrative Agent shall receive such a notice, the Administrative Agent shall give notice
thereof to the Lenders. The Administrative Agent shall take such action with respect to such
Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so
specified by this Agreement, all Lenders or any other instructing group of Lenders specified by
this Agreement); provided that unless and until the Administrative Agent shall have
received such directions, the Administrative Agent may (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Default or Event of Default as it
shall deem advisable in the best interests of the Lenders.

          8.6 Non-Reliance on the Agents and Other Lenders. Each Lender expressly acknowledges
that neither any of the Agents nor any of their respective officers, directors, employees, agents,
attorneys-in-fact or affiliates have made any representations or warranties to it and that no act
by any Agent hereafter taken, including any review of the affairs of the Borrower or any affiliate
of the Borrower, shall be deemed to constitute any representation or warranty by any Agent to any
Lender. Each Lender represents to the Agents that it has, independently and without reliance upon
any Agent or any other Lender, and based on such documents and information as it has deemed
appropriate, made its own appraisal of and investigation into the business, operations, property,
financial and other condition and creditworthiness of the Borrower and its affiliates and made its
own decision to make its Loans hereunder and enter into this Agreement. Each Lender also
represents that it will, independently and without reliance upon any Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis,

 

43

appraisals and decisions in taking or not taking action under this
Agreement and
the other Loan Documents, and to make such investigation as it deems necessary to inform
itself as to the business, operations, property, financial and other condition and creditworthiness
of the Borrower and its affiliates. Except for notices, reports and other documents expressly
required to be furnished to the Lenders by the Administrative Agent hereunder, no Agent shall have
any duty or responsibility to provide any Lender with any credit or other information concerning
the business, operations, property, condition (financial or otherwise), prospects or
creditworthiness of the Borrower or any affiliate of the Borrower that may come into the possession
of such Agent or any of its officers, directors, employees, agents, attorneys-in-fact or
affiliates.

          8.7 Indemnification. The Lenders agree to indemnify each Agent in its capacity as
such (to the extent not reimbursed by the Borrower and without limiting the obligation of the
Borrower to do so), ratably according to their respective Aggregate Exposure Percentages in effect
on the date on which indemnification is sought under this Section (or, if indemnification is sought
after the date upon which the Loans shall have been paid in full, ratably in accordance with such
Aggregate Exposure Percentages immediately prior to such date), for, and to save each Agent
harmless from and against, any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any
time (including, without limitation, at any time following the payment of the Loans) be imposed on,
incurred by or asserted against such Agent in any way relating to or arising out of, the
Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or
referred to herein or therein or the transactions contemplated hereby or thereby or any action
taken or omitted by such Agent under or in connection with any of the foregoing; provided
that no Lender shall be liable for the payment of any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are
found by a final and nonappealable decision of a court of competent jurisdiction to have resulted
from such Agent’s gross negligence or willful misconduct. The agreements in this Section shall
survive the payment of the Loans and all other amounts payable hereunder.

          8.8 Agent in Its Individual Capacity. Each Agent and its affiliates may make loans
to, accept deposits from and generally engage in any kind of business with the Borrower as though
such Agent were not an Agent. With respect to its Loans made or renewed by it, each Agent shall
have the same rights and powers under this Agreement and the other Loan Documents as any Lender and
may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall
include each Agent in its individual capacity.

          8.9 Successor Administrative Agent. The Administrative Agent may resign as
Administrative Agent upon ten days’ notice to the Lenders and the Borrower. If the Administrative
Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then
the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which
successor agent shall (unless an Event of Default under Section 7(a) or Section 7(f) with respect
to the Borrower shall have occurred and be continuing) be subject to approval by the Borrower
(which approval shall not be unreasonably withheld or delayed), whereupon such successor agent
shall succeed to the rights,

 

44

powers and duties of the Administrative Agent, and the term
“Administrative Agent” shall mean such successor agent effective upon such appointment and
approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent
shall be terminated, without any other or further act or deed on the part of such former
Administrative Agent or any of the parties to this Agreement or any holders of the Loans. If no
successor agent has accepted appointment as Administrative Agent by the date that is ten days
following a retiring Administrative Agent’s notice of resignation, the retiring Administrative
Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and
perform all of the duties of the Administrative Agent hereunder until such time, if any, as the
Required Lenders appoint a successor agent as provided for above. After the retiring
Administrative Agent’s resignation as Administrative Agent, the provisions of this Section 8 shall
inure to its benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement and the other Loan Documents.

          8.10 The Arrangers and the Documentation Agent. Neither the Arrangers nor the
Documentation Agent, in their respective capacities as such, shall not have any duties or
responsibilities, shall any such Person incur any liability, under this Agreement and the other
Loan Documents.

SECTION 9. MISCELLANEOUS

          9.1 Amendments and Waivers. Neither this Agreement or any other Loan Document, nor
any terms hereof or thereof may be amended, supplemented or modified except in accordance with the
provisions of this Section 9.1. The Required Lenders and the Borrower may, or (with the written
consent of the Required Lenders) the Administrative Agent and the Borrower may, from time to time,
(a) enter into written amendments, supplements or modifications hereto and to the other Loan
Documents (including amendments and restatements hereof or thereof) for the purpose of adding any
provisions to this Agreement or the other Loan Documents or changing in any manner the rights of
the Lenders or of the Borrower hereunder or thereunder or (b) waive, on such terms and conditions
as may be specified in the instrument of waiver, any of the requirements of this Agreement or the
other Loan Documents or any Default or Event of Default and its consequences; provided,
however, that no such waiver and no such amendment, supplement or modification shall:

     (i) forgive the principal amount or extend the final scheduled date of maturity
of any Loan, extend the scheduled date of any amortization payment in respect of any
Term Loan, reduce the stated rate of any interest or fee payable under this
Agreement (except (x) in connection with the waiver of applicability of any
post-default increase in interest rates (which waiver shall be effective with the
consent of the Required Lenders) and (y) that any amendment or modification of
defined terms used in the financial covenants in this Agreement shall not
constitute a reduction in the rate of interest or fees for purposes of this clause
(i)) or extend the scheduled date of any payment thereof, or increase the amount or
extend the expiration date of any Commitment of any Lender, in each case without the
consent of each Lender directly affected thereby;

     (ii) amend, modify or waive any provision of this Section or reduce any
percentage specified in the definition of Required

 

45

Lenders or Required Lenders, or
consent to the assignment or transfer by the Borrower of any of its rights and
obligations under this Agreement and the other Loan Documents, in each case without
the consent of all the Lenders;

     (iii) reduce the percentage specified in the definition of Required Lenders
without the consent of all of the Lenders;

     (iv) amend, modify or waive any provision of Section 8, or any other provision
affecting the rights, duties or obligations of any Agent, without the consent of any
Agent directly affected thereby;

     (v) amend, modify or waive any provision of Section 2.12 without the consent of
each Lender directly affected thereby;

     (vi) impose restrictions on assignments and participations that are more
restrictive than, or additional to, those set forth in Section 9.6 without the
consent of each Lender directly affected thereby.

Any such waiver and any such amendment, supplement or modification shall apply equally to each of
the Lenders and shall be binding upon the Borrower, the Lenders, the Agents and all future holders
of the Loans. In the case of any waiver, the Borrower, the Lenders and the Agents shall be
restored to their former position and rights hereunder and under the other Loan Documents, and any
Default or Event of Default waived shall be deemed to be cured and not continuing; but no such
waiver shall extend to any subsequent or other Default or Event of Default, or impair any right
consequent thereon. Any such waiver, amendment, supplement or modification shall be effected by a
written instrument signed by the parties required to sign pursuant to the foregoing provisions of
this Section; provided, that delivery of an executed signature page of any such instrument
by facsimile transmission shall be effective as delivery of a manually executed counterpart
thereof.

          For the avoidance of doubt, this Agreement and any other Loan Document may be amended (or
amended and restated) with the written consent of the Required Lenders, the Administrative Agent
and the Borrower (x) to add one or more additional credit facilities to this Agreement and to
permit the extensions of credit from time to time outstanding thereunder and the accrued interest
and fees in respect thereof (collectively, the “Additional Extensions of Credit”) to share
ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans and the
accrued interest and fees in respect thereof and (y) to include appropriately the Lenders of any
additional extensions of credit in any determination of the Required Lenders; provided,
however, that no such amendment shall permit the Additional
Extensions of Credit to share ratably with or with preference to the Loans in the application
of mandatory prepayments without the consent of the Required Lenders.

          In addition, notwithstanding the foregoing, this Agreement may be amended with the written
consent of the Administrative Agent, the Borrower and the Lenders providing the relevant
Replacement Term Loans (as defined below) to permit the refinancing or modification of all
outstanding Term Loans (“Refinanced Term Loans”) with a replacement “C” term loan tranche
hereunder (“Replacement Term Loans”), provided that (a) the aggregate principal

 

46

amount of such Replacement Term Loans shall not exceed the aggregate principal amount of such
Refinanced Term Loans, (b) the Applicable Margin for such Replacement Term Loans shall not be
higher than the Applicable Margin for such Refinanced Term Loans, (c) the weighted average life to
maturity of such Replacement Term Loans shall not be shorter than the weighted average life to
maturity of such Refinanced Term Loans at the time of such refinancing and (d) all other terms
applicable to such Replacement Term Loans shall be substantially identical to, or no less favorable
to the Lenders providing such Replacement Term Loans than, those applicable to such Refinanced Term
Loans, except to the extent necessary to provide for covenants and other terms applicable to any
period after the latest final maturity of the Term Loans in effect immediately prior to such
refinancing.

          9.2 Notices. All notices, requests and demands to or upon the respective parties
hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly
provided herein, shall be deemed to have been duly given or made when delivered, or three Business
Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when
received, addressed (a) in the case of the Borrower and the Agents, as follows and (b) in the case
of the Lenders, as set forth in an administrative questionnaire delivered to the Administrative
Agent or, in the case of a Lender which becomes a party to this Agreement pursuant to an Assignment
and Acceptance, in such Assignment and Acceptance or (c) in the case of any party, to such other
address as such party may hereafter notify to the other parties hereto:

	 	 	 
	Delek US Holdings, Inc.:

	 	Delek US Holdings, Inc.
	 

	 	7102 Commerce Way
	 

	 	Brentwood, TN 37027
	 

	 	Attention: Ed Morgan, Chief Financial Officer
	 

	 	Telecopy: (615) 224-1185
	 

	 	Telephone: (615) 224-1159
	 
	 	 
	with a copy to:

	 	Fulbright & Jaworski L.L.P.
	 

	 	666 Fifth Avenue
	 

	 	New York, NY 10103-3198
	 

	 	Attention: Mara Rogers, Esq.
	 

	 	Telecopy: (212) 318-3400
	 

	 	Telephone: (212) 318-3206
	 
	 	 
	The Administrative Agent:

	 	Lehman Commercial Paper Inc.
	 

	 	745 Seventh Avenue
	 

	 	New York, NY 10019
	 

	 	Attention: Brian McNany
	 

	 	Telecopy: (212) 526-6643
	 

	 	Telephone: (212) 526-6590

 

47

	 	 	 
	The Documentation Agent

	 	JPMorgan Chase Bank, N.A.
	 

	 	10 South Dearborn, Floor 07
	 

	 	Chicago, IL 60603
	 

	 	Attention: Ernest Misiora
	 

	 	Telephone: 312-732-7659

provided that any notice, request or demand to or upon any Agent, any Lender shall not be
effective until received.

          Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Section 2 unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent
or the Borrower may, in their discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

          9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in
exercising, on the part of any Agent or any Lender, any right, remedy, power or privilege hereunder
or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights,
remedies, powers and privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law.

          9.4 Survival of Representations and Warranties. All representations and warranties
made herein, in the other Loan Documents and in any document, certificate or statement delivered
pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans and other extensions of credit hereunder.

          9.5 Payment of Expenses. The Borrower agrees (a) to pay or reimburse the Agents for
all their reasonable out-of-pocket costs and expenses incurred in connection with the syndication
of the Facility (other than fees payable to syndicate members) and the development, preparation and
execution of, and any amendment, supplement or modification to, this Agreement and the other Loan
Documents and any other documents prepared in connection herewith or therewith, and the
consummation and administration of the transactions contemplated hereby and thereby, including,
without limitation, the reasonable fees and disbursements and other charges of counsel to the
Administrative Agent and the charges of Intralinks, (b) to pay or reimburse each Lender and the
Agents for all their costs and expenses incurred in connection with the enforcement or preservation
of any rights under this Agreement, the other Loan Documents and any other documents prepared in
connection herewith or therewith, including, without limitation, the fees and disbursements of
counsel (including the allocated fees and disbursements and other charges of in-house counsel) to
each Lender and of counsel to the Agents, (c) to pay, indemnify, or reimburse each Lender and the
Agents for, and hold each Lender and the Agents harmless from, any and all recording and filing
fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp,
excise and other

 

48

taxes, if any, which may be payable or determined to be payable in connection with
the execution and delivery of, or consummation or administration of any of the transactions
contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or
in respect of, this Agreement, the other Loan Documents and any such other documents, and (d) to
pay, indemnify or reimburse each Lender, each Agent, their respective affiliates, and their
respective officers, directors, trustees, employees, advisors, agents and controlling persons
(each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all
other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever incurred by an Indemnitee or asserted
against any Indemnitee by any third party or by the Borrower arising out of, in connection with, or
as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any
agreement or instrument contemplated hereby or thereby, the performance by the parties hereto or
thereto of their respective obligations hereunder or thereunder or the consummation of the
transactions contemplated hereby or thereby, (ii) any Loan or the use or proposed use of the
proceeds thereof, (iii) any actual or alleged presence or release of Materials of Environmental
Concern on or from any property owned, occupied or operated by the Borrower or any of its
Subsidiaries, or any violation of, non-compliance with or liability under any Environmental Laws
related in any way to the Borrower or any of its Subsidiaries or any or their respective
properties, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory, whether
brought by any third party or by the Borrower, and regardless of whether any Indemnitee is a party
thereto (all the foregoing in this clause (d), collectively, the “Indemnified
Liabilities”), provided, that the Borrower shall have no obligation hereunder to any
Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are
found by a final and nonappealable decision of a court of competent jurisdiction to have resulted
from the gross negligence or willful misconduct of such Indemnitee. No Indemnitee shall be liable
for any damages arising from the use by unauthorized persons of Information or other materials sent
through electronic, telecommunications or other information transmission systems that are
intercepted by such persons or for any special, indirect, consequential or punitive damages in
connection with the Facility. Without limiting the foregoing, and to the extent permitted by
applicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and
hereby waives and agrees to cause its Subsidiaries so to waive, all rights for contribution from
the Lenders or any other rights of recovery from the Lenders with respect to all claims, demands,
penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature,
under or related to Environmental Laws, that any
of them might have by statute or otherwise against any Indemnitee, provided that, such
waiver shall not apply if, and to the extent, such claim for contribution or recovery arises out of
the gross negligence or willful misconduct of such Indemnitee as found by a final nonappealable
decision of a court of competent jurisdiction. All amounts due under this Section shall be payable
not later than 30 days after written demand therefor. Statements payable by the Borrower pursuant
to this Section shall be submitted to the president and the chief financial officer of the
Borrower, at the address of the Borrower set forth in Section 9.2, or to such other Person or
address as may be hereafter designated by the Borrower in a notice to the Administrative Agent.
The agreements in this Section shall survive repayment of the Loans and all other amounts payable
hereunder.

          9.6 Successors and Assigns; Participations and Assignments. (a) This Agreement shall
be binding upon and inure to the benefit of the Borrower, the Lenders, the Agents, all future

 

49

holders of the Loans and their respective successors and assigns, except that the Borrower may not
assign or transfer any of its rights or obligations under this Agreement without the prior written
consent of the Agents and each Lender.

          (b) Any Lender may, without the consent of the Borrower, in accordance with applicable law, at
any time sell to one or more banks, financial institutions or other entities (each, a
“Participant”) participating interests in any Loan owing to such Lender, any Commitment of
such Lender or any other interest of such Lender hereunder and under the other Loan Documents. In
the event of any such sale by a Lender of a participating interest to a Participant, such Lender’s
obligations under this Agreement to the other parties to this Agreement shall remain unchanged,
such Lender shall remain solely responsible for the performance thereof, such Lender shall remain
the holder of any such Loan for all purposes under this Agreement and the other Loan Documents, and
the Borrower and the Agents shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement and the other Loan
Documents. In no event shall any Participant under any such participation have any right to
approve any amendment or waiver of any provision of any Loan Document, or any consent to any
departure by the Borrower therefrom, except to the extent that such amendment, waiver or consent
would require the consent of all Lenders pursuant to Section 9.1. The Borrower agrees that if
amounts outstanding under this Agreement and the Loans are due or unpaid, or shall have been
declared or shall have become due and payable upon the occurrence of an Event of Default, each
Participant shall, to the maximum extent permitted by applicable law, be deemed to have the right
of setoff in respect of its participating interest in amounts owing under this Agreement to the
same extent as if the amount of its participating interest were owing directly to it as a Lender
under this Agreement, provided that, in purchasing such participating interest, such
Participant shall be deemed to have agreed to share with the Lenders the proceeds thereof as
provided in Section 9.7(a) as fully as if such Participant were a Lender hereunder. The Borrower
also agrees that each Participant shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15
with respect to its participation in the Commitments and the Loans outstanding from time to time as
if such Participant were a Lender; provided that, in the case of Section 2.14, such
Participant shall have complied with the requirements of said Section (including the requirements
of Section 2.14(d) or Section 2.14(e) as applicable, as though it were a Lender), and
provided, further, that no Participant shall be entitled to receive any greater
amount pursuant to any such Section than the transferor Lender would have been
entitled to receive in respect of the amount of the participation transferred by such
transferor Lender to such Participant had no such transfer occurred.

          (c) Any Lender (an “Assignor”) may, in accordance with applicable law and upon written
notice to the Administrative Agent, at any time and from time to time assign to any Lender or any
affiliate, Related Fund or Control Investment Affiliate thereof or, with the consent of the
Administrative Agent (which shall not be unreasonably withheld or delayed) (provided that
no such consent need be obtained by any Lehman Entity), to an additional bank, financial
institution or other entity (an “Assignee”) all or any part of its rights and obligations
under this Agreement pursuant to an Assignment and Acceptance, substantially in the form of Exhibit
C, executed by such Assignee and such Assignor and delivered to the Administrative Agent for its
acceptance and recording in the Register; provided that no such assignment to an Assignee
(other than any Lender or any affiliate thereof, including any Related Fund) shall be in an
aggregate principal amount of less than $1,000,000 (other than in the case of an assignment of all
of a

 

50

Lender’s interests under this Agreement) and, after giving effect thereto, the assigning
Lender (if it shall retain any commitments or Loans) shall have commitments and Loans aggregating
at least $1,000,000, in each case, unless otherwise agreed by the Borrower and the Administrative
Agent. Upon such execution, delivery, acceptance and recording, from and after the effective date
determined pursuant to such Assignment and Acceptance, (x) the Assignee thereunder shall be a party
hereto and, to the extent provided in such Assignment and Acceptance, have the rights and
obligations of a Lender hereunder with Commitments and/or Loans as set forth therein, and (y) the
Assignor thereunder shall, to the extent provided in such Assignment and Acceptance, be released
from its obligations under this Agreement (and, in the case of an Assignment and Acceptance
covering all of an Assignor’s rights and obligations under this Agreement, such Assignor shall
cease to be a party hereto, except as to Section 2.13, 2.14 and 9.5 in respect of the period prior
to such effective date). Notwithstanding any provision of this Section, the consent of the
Borrower shall not be required for any assignment that occurs at any time when any Event of Default
shall have occurred and be continuing. For purposes of the minimum assignment amounts set forth in
this paragraph, multiple assignments by two or more Related Funds shall be aggregated.

          (d) The Administrative Agent shall, on behalf of the Borrower, maintain at its address
referred to in Section 9.2 a copy of each Assignment and Acceptance delivered to it and a register
(the “Register”) for the recordation of the names and addresses of the Lenders and the
Commitment of, and principal amount of the Loans owing to, each Lender from time to time. The
entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower,
each Agent and the Lenders shall treat each Person whose name is recorded in the Register as the
owner of the Loans and any Notes evidencing such Loans recorded therein for all purposes of this
Agreement. Any assignment of any Loan, whether or not evidenced by a Note, shall be effective only
upon appropriate entries with respect thereto being made in the Register (and each Note shall
expressly so provide). Any assignment or transfer of all or part of a Loan evidenced by a Note
shall be registered on the Register only upon surrender for registration of assignment or transfer
of the Note evidencing such Loan, accompanied by a duly executed Assignment and Acceptance;
thereupon one or more new Notes in the same aggregate principal amount shall be issued to the
designated Assignee, and the old Notes shall be returned by the Administrative Agent to the
Borrower marked “canceled”. The Register shall be available for
inspection by the Borrower or any Lender (with respect to any entry relating to such Lender’s
Loans) at any reasonable time and from time to time upon reasonable prior notice.

          (e) Upon its receipt of an Assignment and Acceptance executed by an Assignor and an Assignee
(and, in any case where the consent of any other Person is required by Section 9.6(c), by each such
other Person) together with payment to the Administrative Agent of a registration and processing
fee of $3,500 (treating multiple, simultaneous assignments by or to two or more Related Funds as a
single assignment), the Administrative Agent shall (i) promptly accept such Assignment and
Acceptance and (ii) on the effective date determined pursuant thereto record the information
contained therein in the Register and give notice of such acceptance and recordation to the
Borrower. On or prior to such effective date, the Borrower, at its own expense, upon request,
shall execute and deliver to the Administrative Agent (in exchange for the applicable Term Notes of
the assigning Lender) new applicable Term Notes to the order of such Assignee in an amount equal to
the applicable Term Loans assumed or acquired by it pursuant to such Assignment and Acceptance and,
if the Assignor has retained Term Loans,

 

51

upon request, new Term Notes to the order of the Assignor
in an amount equal to the applicable Term Loans retained by it hereunder. Such new Note or Notes
shall be dated the Effective Date and shall otherwise be in the form of the Note or Notes replaced
thereby.

          (f) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of
this Section concerning assignments of Loans and Notes relate only to absolute assignments and that
such provisions do not prohibit assignments creating security interests in Loans and Notes,
including, without limitation, any pledge or assignment by a Lender of any Loan or Note to any
Federal Reserve Bank in accordance with applicable law.

          (g) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such
in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower,
the option to provide to the Borrower all or any part of any Loan that such Granting Lender would
otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that
(i) nothing herein shall constitute a commitment by any SPC to make any Loan and (ii) if an SPC
elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the
Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a
Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent,
and as if, such Loan were made by such Granting Lender. Each party hereto hereby agrees that no
SPC shall be liable for any indemnity or similar payment obligation under this Agreement (all
liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each
party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that,
prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other indebtedness of any SPC, it will not institute against, or join any other
person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings under the laws of the United States or any state thereof. In addition,
notwithstanding anything to the contrary in this Section 9.6(g), any SPC may (A) with notice to,
but without the prior written consent of, the Borrower and the Administrative Agent and without
paying any processing fee therefor, assign all or a portion of its interests in any Loans to the
Granting Lender, or with the prior written consent of the Borrower and the Administrative Agent
(which consent shall not be unreasonably
withheld) to any financial institutions providing liquidity and/or credit support to or for
the account of such SPC to support the funding or maintenance of Loans, and (B) disclose on a
confidential basis any non-public information relating to its Loans to any rating agency,
commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to
such SPC; provided that non-public information with respect to the Borrower may be
disclosed only with the Borrower’s consent which will not be unreasonably withheld. This paragraph
(g) may not be amended without the written consent of any SPC with Loans outstanding at the time of
such proposed amendment.

          9.7 Adjustments; Set-off. (a) Except to the extent that this Agreement provides for
payments to be allocated to a particular Lender, if any Lender (a “Benefitted Lender”)
shall at any time receive any payment of all or part of the Obligations owing to it, or receive any
collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events
or proceedings of the nature referred to in Section 7(f), or otherwise), in a greater proportion
than any such payment to or collateral received by any other Lender, if any, in respect of such
other

 

52

Lender’s Obligations, such Benefitted Lender shall purchase for cash from the other Lenders a
participating interest in such portion of each such other Lender’s Obligations, or shall provide
such other Lenders with the benefits of any such collateral, as shall be necessary to cause such
Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of
the Lenders; provided, however, that if all or any portion of such excess payment
or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded,
and the purchase price and benefits returned, to the extent of such recovery, but without interest.

          (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower, any such notice being expressly waived by the
Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the
Borrower hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and
appropriate and apply against such amount any and all deposits (general or special, time or demand,
provisional or final), in any currency, and any other credits, indebtedness or claims, in any
currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at
any time held or owing by such Lender or any branch or agency thereof to or for the credit or the
account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative
Agent after any such setoff and application made by such Lender, provided that the failure
to give such notice shall not affect the validity of such setoff and application.

          9.8 Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts, and all of said counterparts taken together
shall be deemed to constitute one and the same instrument. Delivery of an executed signature page
of this Agreement by facsimile transmission shall be effective as delivery of a manually executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be
lodged with the Borrower and the Administrative Agent.

          9.9 Severability. Any provision of this Agreement that is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

          9.10 Integration. This Agreement and the other Loan Documents represent the entire
agreement of the Borrower, the Agents, the Arrangers and the Lenders with respect to the subject
matter hereof and thereof, and there are no promises, undertakings, representations or warranties
by the Arranger, any Agent or any Lender relative to subject matter hereof not expressly set forth
or referred to herein or in the other Loan Documents.

          9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK.

          9.12 Submission To Jurisdiction; Waivers. The Borrower hereby irrevocably and
unconditionally:

 

53

     (a) submits for itself and its Property in any legal action or proceeding relating to
this Agreement and the other Loan Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of
the courts of the State of New York sitting in the Borough of Manhattan, the courts of the
United States of America for the Southern District of New York, and appellate courts from
any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to the Borrower at its address set forth in Section 9.2 or at such
other address of which the Administrative Agent shall have been notified pursuant thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages.

          9.13 Acknowledgments. The Borrower hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Loan Documents;

     (b) neither the Arrangers, any Agent nor any Lender has any fiduciary relationship with
or duty to the Borrower arising out of or in connection with this Agreement or any of the
other Loan Documents, and the relationship between the Arrangers, the Agents and the
Lenders, on one hand, and the Borrower, on the other hand, in connection herewith or
therewith is solely that of creditor and debtor; and

     (c) no joint venture is created hereby or by the other Loan Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Arrangers, the Agents and
the Lenders or among the Borrower and the Lenders.

          9.14 Confidentiality. Each of the Agents and the Lenders agrees to keep confidential
all non-public information provided to it by the Borrower or its Subsidiaries pursuant to this
Agreement that is designated by the Borrower or Subsidiary as confidential; provided that
nothing herein shall prevent any Agent or any Lender from disclosing any such information (a) to
the Arrangers, any Agent, any other Lender or any affiliate of any thereof, (b) to any Participant
or Assignee (each, a “Transferee”) or prospective Transferee that agrees to comply with the
provisions of this Section or substantially equivalent provisions, (c) to any of its

 

54

employees,
directors, agents, attorneys, accountants and other professional advisors, (d) to any financial
institution that is a direct or indirect contractual counterparty in swap agreements or such
contractual counterparty’s professional advisor (so long as such contractual counterparty or
professional advisor to such contractual counterparty agrees to be bound by the provisions of this
Section), (e) upon the request or demand of any Governmental Authority having jurisdiction over it,
(f) in response to any order of any court or other Governmental Authority or as may otherwise be
required pursuant to any Requirement of Law, (g) in connection with any litigation or similar
proceeding, (h) that has been publicly disclosed other than in breach of this Section, (i) to the
National Association of Insurance Commissioners or any similar organization or any nationally
recognized rating agency that requires access to information about a Lender’s investment portfolio
in connection with ratings issued with respect to such Lender or (j) in connection with the
exercise of any remedy hereunder or under any other Loan Document.

          9.15 Accounting Changes. In the event that any “Accounting Change” (as defined below)
shall occur and such change results in a change in the method of calculation of financial
covenants, standards or terms in this Agreement, then the Borrower and the Administrative Agent
agree to enter into
negotiations in order to amend such provisions of this Agreement so as to equitably reflect
such Accounting Change with the desired result that the criteria for evaluating the Borrower’s
financial condition shall be the same after such Accounting Change as if such Accounting Change had
not been made. Until such time as such an amendment shall have been executed and delivered by the
Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and
terms in this Agreement shall continue to be calculated or construed as if such Accounting Change
had not occurred. “Accounting Change” refers to any change in accounting principles required by
the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting
Standards Board of the American Institute of Certified Public Accountants or, if applicable, the
SEC.

          9.16 WAIVERS OF JURY TRIAL. THE BORROWER, THE AGENTS AND THE LENDERS HEREBY
IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

 

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

	 	 	 	 	 	 	 
	 	 	DELEK US HOLDINGS, INC.
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name
	 	 
	 

	 	 	 	Title	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	 
	 

	 	 	 	Title	 	 

 

 

	 	 	 	 	 	 	 
	 	 	LEHMAN BROTHERS INC., as Arranger
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	 
	 

	 	 	 	Title	 	 

 

 

	 	 	 	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC., 
as Administrative Agent and Lender
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	 
	 

	 	 	 	Title	 	 

 

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as

Documentation Agent, Arranger and Lender
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 	 	 	 	 
	 

	 	 	 	Name	 	 
	 

	 	 	 	Title

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]