Document:

AGREEMENT

AGREEMENT

between

The United Steelworkers of America

International Union, AFL-CIO, CLC,

Cherokee Local No. 417-G

and

Cherokee Nitrogen Division

Of El Dorado Chemical Company 

November 12, 2004 to November 11, 2007

CONTENTS

Page No.

	
    AGREEMENT (Preamble)	1
	
    ARTICLE 1 - RECOGNITION	1
	
    ARTICLE 2 - PURPOSE	1
	
    ARTICLE 3 - MANAGEMENT RIGHTS CLAUSE	2
	
    ARTICLE 4 - WORK GROUPS	2
	
    ARTICLE 5 - SENIORITY	4
	
    ARTICLE 6 - POSTING AND FILLING JOB BIDS	5
	
    ARTICLE 7 - REDUCTION IN FORCE AND RECALL	6
	
    ARTICLE 8 - SCHEDULE CHANGE	8
	
    ARTICLE 9 - HOURS OF WORK	8
	
    ARTICLE 10 - OVERTIME	8
	
    ARTICLE 11 - 12-HOUR SHIFT AGREEMENT	12
	
    ARTICLE 12 - ABSENCES	12
	
    ARTICLE 13 - WAGES	13
	
    ARTICLE 14 - SHIFT DIFFERENTIAL	14
	
    ARTICLE 15 - VACATIONS	14
	
    ARTICLE 16 - HOLIDAYS	16
	
    ARTICLE 17- FUNERAL LEAVE PAY	17
	
    ARTICLE 18 - JURY DUTY	17
	
    ARTICLE 19 - PAYDAY	18
	
    ARTICLE 20 - MEAL ALLOWANCE PROVISIONS	18
	ARTICLE
    21 - WORKMAN'S COMMITTEE	
    19
	ARTICLE
    22 - GRIEVANCE PROCEDURE	
    19
	ARTICLE
    23 - LEAVE OF ABSENCE	
    21
	
    ARTICLE 24 - MILITARY SERVICE	
    22
	ARTICLE
    25 - SAFETY AND HEALTH	
    22
	ARTICLE
    26 - DESCRIMINATION	
    23

 

	
    ARTICLE 27 - BULLETIN BOARDS	23
	ARTICLE
    28 - SICKNESS BENEFITS	
    23
	ARTICLE
    29 - DISCHARGE	
    24
	ARTICLE
    30 - GENERAL	
    25
	
    ARTICLE 31 - AUTHORIZED DEDUCTION	
    25
	ARTICLE
    32 - SAVINGS CLAUSE	
    26
	ARTICLE
    33 - STRIKES AND LOCKOUTS	
    26
	ARTICLE
    34 -TERM	
    26
	 	 
	
    APPENDIX "A" (Wage Rates)	
    30
	
    APPENDIX "B" (12-Hour Continuous Shift Operations Agreement)	
    31
	
    APPENDIX "C" (401(k) Savings Plan)	
    33
	
    APPENDIX "D" (Alcohol and Drug Control Policy)	 
    34

	
     
    LETTER OF UNDERSTANDING
    (Red Circle Personnel) 
	
     
    35

 

 

AGREEMENT

This Agreement was made and entered into this twelfth day of
November, 2004, by and between Cherokee Nitrogen Company, Cherokee, Alabama,
hereinafter called the "Company" and The United Steelworkers of America
International Union AFL-CIO, CLC on behalf of its Local Union 417-G, hereinafter
called the "Union."

ARTICLE 1

RECOGNITION

Due to the Company's hiring individuals, all of which were
previously employed in the Cherokee Nitrogen facility, where the Company
currently operates, the Company has recognized The United Steelworkers of
America International Union AFL-CIO, CLC and its Local Union No. 417-G,
hereinafter called the "Union," for purposes of pay, wages, hours of work, and
other terms and conditions of employment for employees in the following unit:
all hourly-paid production and maintenance employees at the Company's Cherokee,
Alabama plant, but excluding journeyman electricians and instrument person,
their apprentices and/or electrician or instrument mechanics helpers, clerical
employees, professional, technical, managerial, and confidential employees,
guards, and supervisors as defined in the Act.

Whenever reference is made to a particular gender in this Agreement, it is
understood that the reference applies equally to both male and female employees.

ARTICLE 2

PURPOSE

A. The parties hereto mutually agree that there is
concern for the future of the Company and its ability to compete in a the
nitrogen fertilizer industry because of factors over which neither the Union nor
the Company have control, including but not limited to foreign competition,
excess domestic production capability, natural gas prices, and the cyclical
nature of product utilization by consumers. Each agrees that our mutual goal is
to provide the highest quality product and service at a competitive price, and
to assure the effective flexibility in the utilization and skills of all
employees. 

B. It is the intent and purpose of the parties hereto
that this Agreement shall promote and improve the industrial and economic
relationship between the Company and the Union, and shall set forth herein rates
of pay, hours of work, and working conditions of employment to be observed
between the parties hereto.

C. It is recognized by both parties that they have a
mutual interest and obligation in maintaining friendly cooperation between the
Company and the Union which will permit safe, economical, and efficient
operation of the plant.

D. All written Letters of Agreement which are dated prior
to the effective date of this contract are null and void unless specifically
added to this contract.

ARTICLE 3

MANAGEMENT RIGHTS CLAUSE

The Union expressly recognizes that the Company has the exclusive
responsibility for and authority over (whether or not the same was exercised
heretofore) the management, operation, and maintenance of its facilities and, in
furtherance thereof, has, 
subject to the terms of this agreement, the
right to determine policy affecting the selection, hiring, and training of
employees: to direct the work force and to schedule work: to institute and
enforce reasonable rules of conduct, to assure discipline, and efficient
operation: to determine what work is to be done, what is to be produced and by
what means; to determine the quality and quantity of workmanship; to determine
the size and composition of the work force; to determine the allocation and
assignment of work to employees; to determine the location of business,
divisions, and subdivisions thereof; to arrange for work to be done by other
companies or other divisions of the Company; to alter, combine, or eliminate any
classification, operation, service, or department; to sell, merge, or
discontinue the business or any phase thereof; provided, however, in the
exercise of these prerogatives, none of the specific provisions of the Agreement
shall be abridged.

The Company will not use the vehicle of subcontracting for the sole purpose
of laying off employees or reducing the number of hours available to them.

ARTICLE 4

WORK GROUPS

A. 
Grandfathering and red circle personnel are
covered in a Letter of Understanding.

B. OPERATIONS SKILL ADVANCEMENT/ON-THE-JOB TRAINING.

1. In the interest of maintaining and improving operating
efficiencies, the following is the standard for inception and advancement.

2. Levels of advancement are as follows:

        a. Trainee - If a new hire cannot complete the
        qualifications according to the following schedule, they will be
        terminated.

        
        
        b. Chemical Operator 1 - Required to pass
        necessary requirements as determined by management, for one (1)
        assignment which will include written and oral examinations and
        demonstration of job proficiency. Must qualify within 240 hours of
        training on day shift.

        
        
        c. Chemical Operator 2 - Required to qualify by
        passing the second assignment by written and oral examinations, and
        demonstration of job proficiency. Must qualify within one (1) year after
        passing Operator 1 qualifications.

        
        
        d. Chemical Operator 3 - Required to pass all
        area assignment written and oral examinations within an area, and by
        demonstrating job proficiency on all assignments. Must qualify within
        one (1) year after passing Operator 2 qualifications.

        
        
        e. Chemical Operator 4 - 
        Required to pass all area assignment
        written and oral examinations within an area, and by demonstrating job
        proficiency on all assignments. Must qualify within eighty (80) calendar
        days after passing Operator 3 qualifications and be certified as having
        completed Cherokee Nitrogen training programs.

        
      
    
    
    3. JOB BIDS.

    
  

        
        
          
            a. Job bids will be made to a primary assignment and shift. The senior
        bidder will be awarded the job as a trainee or   

   based on Article
        4, Section B.2 qualifications. The company will no longer canvass
        bidders to determine acceptance.
          

    
    b. An employee will be allowed one (1) successful bid
    per six (6) month period.

  

        

  
        c. An employee who is awarded a job for which
        he/she is previously qualified will be 
        

        provided 84 hours of refresher

   training.

        

        
        
        
            
            d. Vacancies will be filled on the basis of
            plant seniority. Fulfillment of assignment requirements by the
            successful bidder will be determined by management. Bid acceptance
            will require that the successful bidder qualify on the Chemical
            Operator Level 1 within 240 training hours. Prior training and
            experience will allow generally for a shorter training time to pass
            the exams for the next operator level.

            

            

          
        
      
    
  

C. ROUTE OF ADVANCEMENT - OPERATIONS.

				
    
    Switch
	
		
    
    Ammonia
	
    
    Acid
	
    
    Urea
	
    
    Nitrate
	
    
    Crews

	
    Chemical Operator 4	
    X
	
    X
	
    X
	
    X
	
    (1)*

	
    Chemical Operator 3	
    X
	
    X
	
    X
	
    X
	
    (1)*

	
    Chemical Operator 2	
    X
	
    X
	
    X
	
    X
	
    X

	
    Chemical Operator 1	
    X
	
    X
	
    X
	
    X
	
    X

	
    TraineeNew Hire after 8/31/94
	
    X
	
    X
	
    X
	
    X
	
    X

	
    
      (1)*To qualify for this level, the switching and rail crew members must
      qualify for the shipping, bagging, and load-out of products in the Nitrate
      and Urea areas.

    
    

D. MAINTENANCE WORK GROUPS.

    1. In the interest of maintaining and improving plant on-stream time,
    the following is the standard for maintenance inception and advancement:

    
    2. The Company will provide on-the-job training necessary to acquire
    job skills at each level. Levels of advancement are as follows:

    
        a. Maintenance Trainee - A new hire will be
        required to pass the skill levels established August 31, 1994 (document
        entitled "Training Program - General Mechanic") in order to advance to
        Maintenance Level 1. A new hire who does not complete the qualifications
        will be terminated. Must successfully complete and pass written and
        practical factors tests, as determined by Management.

        
        
        b. Maintenance Level 1 - Must be qualified and
        proficient in one (1) major skill as determined by management, and must
        pass written and practical factors tests, as determined by Management,
        (i.e. General Mechanic, Certified Welder, Machinist, Auto Mechanic,
        Millwright, etc.).

        
        
        c. Maintenance Level 2 - Must be qualified and
        proficient in two (2) major skills, and written and practical factors
        tests, as determined by Management.

        
        
        d. Maintenance Level 3 - Must be qualified
        and proficient in three (3) major skills, and written and practical
        factors tests, as determined by Management. 

        
        
        e. Maintenance Level 4 - Required to be a
        Level 3 and certified by written and practical factors tests, as
        determined by Management.

        
      
    
  

E. ROUTE OF ADVANCEMENT -
MAINTENANCE.

  

  	Maintenance Level 4

  	Maintenance Level 3

  	Maintenance Level 2

  	Maintenance Level 1

  	Mechanic 3rd Year Trainee

  	Mechanic 2nd Year Trainee

  	Mechanic 1st Year Trainee

  	Maintenance Trainee

Training program guidelines to become a general mechanic
shall be those as described in 4D 2(a) identified in the document, Training
Program "General Mechanic" established August 31, 1994, and updated August 15,
1999.

The current operating practice is to assign employees to one of the following
areas: 

Maintenance Area

Ammonia Area

Nitric Acid/Utilities

Nitrate

Urea

ARTICLE 5

SENIORITY

The purpose of this Article is to define and describe the
seniority provisions which will govern the seniority status of employees within
the bargaining unit.

A. Employees who were hired by Cherokee Nitrogen Company on November 1,
2000 shall have their plant seniority date based on date of original employment
at the plant. Such seniority may be used for vacation eligibility and seniority
rights.

B. The only type of seniority, which will be considered
under this Agreement, is plant seniority.

C. A new employee screened and hired to become a regular
full-time employee shall not acquire seniority rights until he/she has been
employed by the Company for a period of sixty-five (65) continuous active work
days within a period of six (6) months. Until such time as an employee has
acquired seniority rights, he/she shall be considered a probationary employee
and may be laid off or terminated without recourse, and the Company shall be
under no obligation to rehire him/her. When employees have identical plant
seniority, the order of seniority placement shall be determined alphabetically.

D. The seniority of an employee shall be considered
broken, all rights forfeited, and there shall be no obligation to rehire him/her
for any one of the following reasons: 

1. If the employee voluntarily quits.

2. If the employee is discharged for just cause.

3. If the employee is away from work for a period
    of 24 months or length of previously accrued service, whichever is less, for
    any reason other than illness or injury. In those cases the period of time
    will be a maximum of three (3) years or length of previously accrued
    service, whichever is less.

    
    
    4. Subject to paragraph 3 above, if an employee who
    has been laid off does not return to work within (10) ten calendar days
    after the postmark date of a registered or certified letter form the
    Company, addressed to his / her last known address as shown on the Company's
    records. It is the employee's obligation to keep the Company informed of his
    / her correct current address.

    Employees who are unable to report within this ten (10)
    calendar day period because of sickness or accident will, subject to
    paragraph 3 above and in that event be recalled to any vacancy during any
    subsequent recall action.

    
  

E. If a member of the bargaining unit is promoted to a
supervisory or salaried position from an hourly-paid job, he/she shall lose all
of his/her seniority in the bargaining unit.

F. A complete seniority list of all active employees shall be posted in
each department on the bulletin board within thirty (30) days after signing of
this Agreement, and revised quarterly. 

ARTICLE 6

POSTING AND FILLING JOB BIDS

Permanent vacancies will be filled on the basis of plant-wide
seniority. Such vacancies will be posted on the bulletin board for six (6)
calendar days for plant-wide bid. The posting shall indicate the primary
assignment and shift. The senior bidder will be awarded the job. The Company
will no longer canvass bidders to determine acceptance. In considering bids,
management will take into consideration seniority, qualifications, skill, and
ability of the employee bidding. When all of the factors, which constitute
ability, are relatively equal, then plant seniority shall determine the filling
of the vacancy. 

An employee who is being laid off from his/her job at the time that a
posting is in effect can bump to the job which is posted without bidding in
accordance with Article 7, and he/she can keep the job if he/she is senior to
the bidder and he/she qualifies. An employee called in from layoff to fill a job
while it is posted for bidding must go to the open job when the bidding is
completed unless he/she bid for the job and is the senior bidder. If there are
no bidders for the job he/she will remain in the job. When employees are being
recalled from a layoff, which was caused by a unit production cutback (or
shutdown), all employees who have adequate seniority to be recalled are eligible
to bid for job openings. 

If an employee took a voluntary layoff at the time of the
shutdown, but he/she has enough seniority to be on the recall list, he/she will
have bid rights just as others in the seniority group being recalled, provided
that the job for which he/she holds recall right is open. However, filling of a
job in either of the above manners will be regulated by the following:

A. No employee will be granted a trial period if he/she
does not have a reasonable expectancy of demonstrating the qualifications
required by the job. If within the preceding six (6) months an employee has
refused training on the job, or he/she has been disqualified on this job, he/she
shall not be permitted to bid.

B. The successful
bidder shall be given up to 240 hours of training. If an employee has been
previously qualified in the job, he/she will be provided 84 hours of refresher
training. In determining whether an employee has become qualified, the results
of written and/or practical tests (which meet Federal guidelines) will be among
the factors given consideration. If an employee is already qualified or becomes
qualified in less than fifteen (15) work days, he/she will be so informed by
management.

C. During the period of posting, the Company will fill
the job on a temporary basis, not to exceed 35 working days, unless prevented
from doing so by extenuating circumstances.

D. When a temporary job is posted in operations, the
employee who gets the job will share overtime in that area. When the permanent
employee returns, all temporary employees will return to their regular (last
permanent classification) jobs.

When a temporary job is posted and the regular employee does
not return to the job, the temporary

employee shall become permanent in that classification. 

E. When a permanent vacancy exists in the maintenance department, it
shall be filled by plant seniority based on journeyman skills required.

 

ARTICLE 7

REDUCTION IN FORCE AND RECALL

    A. 
    Should it become necessary to lay off employees, the Company shall advise
    the Union of such layoff at least twenty-four (24) hours in advance. It is
    understood that this provision shall not apply if the layoff is caused by
    emergencies or by conditions beyond the Company's control.

    
    B. It is understood the Company shall have the right to
    retain sufficient numbers of qualified personnel and in such event may
    assign personnel to particular shifts where required, temporarily, for
    training.

    
  

  
C. 
Reductions-in-force and recalls shall be on the basis of plant seniority as
outlined below:

  

    1. If a layoff is for twenty-one (21) days or less,
    the employee can take a voluntary layoff with recall rights or bump to any
    job for which he/she is qualified; however, if no junior employee is
    available to bump, the employee cannot take a voluntary layoff.

    
    
    2. Employees who took a voluntary layoff for recall
    or were laid off, and the reduction in force exceeds twenty-one (21) days,
    the employee shall be recalled and exercise his/her bump rights as outlined
    in paragraph (7) below.

    
    3. Employees who choose to take a layoff rather than
    bump to another job can only be recalled to the job the employee was working
    at the time of the layoff. The different classifications in production
    constitute usual jobs as referred to in Article 7, Section C.5. Shift
    assignments are not recognized in considering usual job. In maintenance, the
    classifications, as listed in Appendix "A" Maintenance, are the basis
    for determining usual job, with no consideration given to area of
    assignment.

    
    4. When the number of shifts in a particular job are
    being reduced, the junior employee(s) will be given a bump notice and the
    remaining senior employee(s) will select shift preference based on
    seniority. 

    
    
    
    5. The
    employee's "usual job" is the only job for which the employee can be
    recalled and only a job different from the employee's present "usual job,"
    by the same definition as is used for recall, can be used as a basis for
    refusing to bump. For example, a control operator on "A" shift could not
    refuse to bump a control operator on "C" shift. The same operator could not
    refuse recall to any control operator job, regardless of shift.

    
    6. An employee who has taken a voluntary layoff shall
    have the option to be recalled, to an entry level vacancy, if the employee's
    usual job has not reopened within a period of six (6) months from the date
    the layoff began. The employee must be qualified for the work and pass a
    physical examination to be eligible to return. If the employee's usual job
    has not reopened for a period of twelve (12) months from the date that
    employee was placed on layoff, the employee shall have option to bump the
    lowest seniority employee who is in a job for which the employee on layoff
    was previously qualified, and assume that employee's job. To be eligible to
    bump to this job, the employee must pass a physical examination. If the
    employee elects not to return after twelve (12) months, the seniority of
    this employee shall be considered broken, all rights forfeited and there
    shall be no obligation to rehire the employee, consistent with Article 5 of
    this agreement.

    7. If a layoff is for twenty-one (21) days or more, the employee
    can either take a voluntary layoff with recall rights in accordance with (1)
    above, or bump to a job for which he/she is qualified or he/she may bump a
    junior employee and receive a twenty (20) -work-day qualification period or
    84 hours if previously qualified in the job. To receive the twenty (20)-day
    qualification period the employee must demonstrate within the first three
    (3) work days the ability to learn this job within the twenty (20)-day
    qualification period. The employee will only be expected to qualify on the
    job that he/she bumps to in the twenty (20) work day qualification period.
    Such training will be provided on the day shift when practical. If the
    employee does not demonstrate the ability within three (3) work days or
    fails to qualify within twenty (20) days, he/she shall be disqualified and
    laid off and the incumbent employee shall remain in the job.

    
    
    
    8. During the qualification
    period, the bumping employee shall receive the rate for the last job on
    which the employee was qualified.

    
    
    9. It is
    understood that in Maintenance, if the bumping employee is a Maintenance
    Level 4, the bumping employee must have the journeyman skills of the
    employee he/she bumped after the qualification period.

    
    
    10. In accordance with paragraph (7), in a given
    layoff, if a senior employee is laid off without an opportunity to bump and
    a junior employee is left in the plant at the end of the bump/qualification
    period, the senior employee will be recalled with bump rights.

    
    

    
    ARTICLE 8

    
    SCHEDULE CHANGE

    
  

The Company shall give an employee thirty-six (36) hours
notice of change in the regular work schedule (this notice shall be posted by
2:00 p.m. on the first day of the thirty-six (36) hours notice), and sixteen
(16) hours' notice of return to the employee's regular work schedule, except
where rescheduling is required due to lack of raw materials, labor difficulty,
acts of God, or any other occurrence beyond the Company's control. If the
Company fails to give such notice, except where excused in the preceding
sentence, the Company shall pay one and one- half (1-1/2) times the affected
employee's regular straight-time rate for hours worked on the first day after
such change in schedule. If there are any changes in present work schedules for
non-shift workers, assignments will be made on the basis of seniority, where
practical. The foregoing in no way precludes the Company from making changes in
the work schedules according to operational and maintenance needs.

ARTICLE 9

HOURS OF WORK

A. 
The established workweek begins at 6:00 a.m. on
Monday and ends at 6:00 a.m on the following Monday. For the purpose of
computing overtime, the normal workweek shall be forty (40) hours and the normal
workday shall be eight (8) hours. This is not to be considered a guarantee of
eight (8) hours a day or forty (40) hours a week.

B. Under the present operating requirements, the normal
schedule for eight (8) hour shift workers shall be organized into three (3)
consecutive eight (8) hour shifts as follows: 

First shift 6:00 a.m. to 2:00 p.m.

Second shift 2:00 p.m. to 10:00 p.m.

Third shift 10:00 p.m. to 6:00 a.m.

Under the present operating requirements the normal schedule
for maintenance workers shall be: 

7:00 a.m. to 11:00 a.m.

11:30 a.m. to 3:30 p.m.

When an employee is instructed or scheduled to report for
work and so reports and reports on time, the employee shall be guaranteed four
(4) hours of work if he/she is put to work, and if no work is available for them
to perform, the employee shall receive pay for four (4) hours' work at their
regular hourly rate of pay, except in case of fire, flood, power breakdown, or
other conditions beyond the control of Management. At the Company's discretion,
an employee instructed or scheduled to report for work may be assigned to any
work available which the employee is capable of performing in lieu of their
being released if there is no work for them to do in their usual occupation.

ARTICLE 10

OVERTIME

A. 
The basic work day shall be eight (8) hours. The
basic work week shall be forty (40) hours. Overtime shall be paid at the rate of
one and one-half (1-1/2) times the regular rate of pay for all hours worked in
excess of forty (40) hours per week, or in excess of eight (8) hours in a
twenty-four (24)-hour period beginning at the start of the employee's regular
scheduled shift, except that this provision shall not apply in the case of a
regularly scheduled shift change. Overtime payment shall be made on the basis of
either daily or weekly overtime, whichever results in the greater pay, but there
shall be no pyramiding or duplication of daily and weekly overtime. 

B Any employee who is called out to perform work outside
their scheduled working hours shall be paid for all time worked pursuant to such
call-out, at one and one-half (1-1/2) times his regular rate of pay and will be
guaranteed a minimum of four (4) hours' work. An employee on call-out shall not
be required to do work other than the job or jobs they were called out to
perform unless there is additional emergency work that occurs. The employee will
be paid time and one- half (1-1/2) for the actual hours worked on this
additional work. To be eligible for call-out, an employee must have a telephone
in their residence and notify their foreman of any changes in their telephone
number. The Company has no obligation to call an employee at any telephone
number other than their residence telephone for call-outs, changing of working
schedule, or for any other reason.

C. When an employee moves from one overtime group to
another, the number of their overtime hours will be adjusted up or down to equal
the average of the new group. Previously qualified employees will also retain
eligibility for overtime in previously qualified groups for one (1) year.
Employee will receive the higher rate of pay of the two jobs when filling the
overtime in another area.

D.
Premium pay provided for herein shall not be pyramided on premium pay payable
under any other article or section of this Agreement.

E.

All overtime hours refused will be charged or
added to an individual's overtime hours on the basis of twice (2) the number of
hours actually paid to the employee who accepted the work. If charged overtime
on a double-time shift is worked, only the overtime paid will be charged.

F. It is considered inappropriate in the scheduling of
employees to hold over more than eight (8) hours after any regular eight- hour
shift, or to plan work where employees must be scheduled more than twelve (12)
hours per day, or holdover more than 4 hours on a 12 hour shift. Every effort
should be made to anticipate relief requirements of employees in advance of the
time required.

G. If an employee
believes he or she has been bypassed for overtime, at the employee's or union's
request, the employee or union and his or her supervisor will examine the
overtime records and if they agree that a bypass occurred, preference for
overtime will be given to the employee, as soon as it is practical.

H. All temporary vacancies will be offered to the
qualified operator lowest in overtime hours in that area. It is the Work Group's
responsibility to fill the vacancies. Employees who are on duty who refuse to
accept holdover overtime assignments to vacancies shall be subject to
disciplinary action. Such assignments shall be deemed as mandatory. The Company
shall have the right to implement a pager policy or a disciplinary policy to
assure that it will have the services of its qualified employees to perform the
necessary work.

I. All overtime will be reduced to zero at the end of
each calendar year period.

J. OVERTIME COVERAGE PROCEDURE. Overtime hours
shall be shared equally by all employees in the Work Group, as far as practical
for the efficient operation of the plant, or on the following basis:

    1. Maintenance

    
    
    
        a. All Maintenance overtime shall be posted by
        area and Work Group. This time, hours paid for straight-time basis, and
        two (2) times hours paid but turned down, will be posted by the Company.
        It shall be the responsibility of the Company to keep this time accurate
        daily. Overtime will be grouped by area Work Group.

        
        
        b. Holdovers. The Work Group will offer
        (holdover) overtime to employees who are already working on the job
        according to the following procedure: 

        
        
        The personnel already working on the job will be
        offered the work first, regardless of their normal overtime group. 

        
        
        In the event the assignment involves work in process,
        and continuity of the work is required, Company may assign the employees
        already working the job. If a group consists of both central and
        resident personnel, the resident personnel on the job will be offered
        the work first. If additional personnel are needed, the work will be
        offered to the central personnel on the job prior to offering it to the
        resident personnel who are not working the job at the time the overtime
        occurs.

        
        
        If the job has not been started, the first employee
        held over shall be the lowest qualified journeyman mechanic from the
        group involved, and all succeeding personnel required for the job shall
        be obtained by beginning with the lowest qualified employee in the group
        (journeyman, 3rd year mechanic, 2nd year mechanic, 1st year mechanic, or
        utility person), until the job is manned. In the event that additional
        help outside the group is needed, the Work Group will contact the lowest
        qualified employee (journeyman, 3rd year mechanic, 2nd year mechanic,
        1st year mechanic, and utility person) from the central maintenance
        group until the job is filled. If for some reason the job still cannot
        be manned, the Work Group shall call the other two resident groups in
        the same order until all are called. All holdovers should be notified as
        early as possible before quitting time.

        
        
        In the event sufficient volunteers are not obtained,
        employees may then be mandatory assigned.

        
        
        The Work Group will start to fill hold-over
        requirements as well in advance of 2:00 p.m. as practicable. If by 2:30
        p.m. the required hold-over personnel have not been obtained, the
        Company will notify the junior qualified employee that they may be
        required to stay over. The Work Group will continue to try to obtain the
        personnel requirements through the established overtime procedure until
        2:30 p.m. At this time, personnel requirements not already fulfilled
        will be obtained by assigning the junior qualified employee in the
        maintenance department to stay over.

        
        
        c. Call-outs. On call-outs the Company
        will first call the qualified journeyman who has worked to the lowest in
        number of call-outs from the group concerned. All succeeding personnel
        required for the job shall be obtained as in the preceding paragraphs.

        
        
        d. Planned Overtime. The group concerned
        will be assigned to planned overtime first, beginning with the lowest
        qualified journeyman and continuing as above until all personnel in the
        group have been assigned. When additional personnel are required, they
        will be assigned from the Central Maintenance group by assigning the
        lowest qualified employee first, and so on until the job is properly
        staffed.

        
        
        When out-of-classification work in the Automotive
        Shop must be offered to mechanics, and it is known by 2:00 p.m. the day
        before the work is assigned, the Company agrees to offer the work to the
        junior qualified employee(s) at the time the work is offered. There may
        be some instances when special skills are involved and would preclude
        following this procedure. Such cases will be discussed with appropriate
        Union Officials. It is understood and agreed that this arrangement will
        not be extended to other jobs or work assignments.

        
        
        e. Scheduled Shutdowns. Work
        performed on straight days, or on around-the-clock shifts shall be
        handled as in the past, i.e., by the area people involved, and whatever
        additional help is needed may be obtained from any overtime group.

        
        
        f. Prior to major scheduled turn-around, the
        Company will advise the Union of work arrangements.

        
        
        g. When Central Maintenance employees are
        scheduled to work during a shutdown or start-up of at least four (4)
        working days duration, they shall share overtime on an alternating basis
        with maintenance people in the area, with an employee from the area
        scheduled first.

        
      
    
  

Example: 1st Person - Area

2 People - Area, Central

3 People - Area, Central, Area

4 People - Area, Central, Area, Central

        h. When work needs are great and cannot be met by
        personnel from the area concerned and Central Maintenance, the other
        resident areas are to be called starting with the lowest qualified
        employee, and so on until the job is staffed.

        
      
    
  

2. Production.

The following overtime procedure is to be used by each
    area work group in the Production Department:

    
        a. If a section in a department is not in
        operation, then the operators from that section may be moved, if
        qualified, to fill vacancies or to perform other duties.

        
        
        b. The overtime in each production department
        will be grouped into the usual job classification that the employee
        normally works. All temporary vacancies will be filled by the usual job
        classification that the overtime occurs. If the vacancies cannot be
        filled in this manner, they will be offered to the qualified operator
        lowest in overtime hours in that department. It is the work group on
        duty's responsibility to fill the vacancies. If the vacancies cannot be
        filled in this manner, and the employees who are on duty refuse to
        accept holdover overtime assignments, they shall be subject to
        disciplinary action. Such assignments shall be deemed mandatory.

        
        
        c. If an
        operator informs the plant at least three (3) hours before his scheduled
        shift begins, any overtime worked as result of this absence will be
        offered first to the qualified employee lowest in overtime in the
        classification. In the event of an unscheduled absence before shift
        change, the employee who is presently staffing the job (except when
        employee is in training, regardless of their classification will be
        required to continue working until properly relieved or may accept the
        overtime opportunity. If an operator does not inform the plant of their
        absence at least three (3) hours before their shift change, then the
        employee who is presently staffing the job (except when the employee is
        in training), regardless of their classification, will be given the
        choice of the overtime.

      
    
  

  
        d. If the operator contacted desires the full
        eight (8) hours, he/she may work the entire shift. If the operator
        wishes to work only one-half (1/2) of the shift, he/she will be required
        to remain on duty until properly relieved by another qualified operator
        who can be obtained. Operators who are contacted may be mandatory
        assigned to perform the overtime work if other volunteers cannot be
        reached. If any operator is contacted and declines the overtime, then he
        will be charged twice (2) the number of hours actually paid to the
        employee who accepted the work.

        
        e. If it appears that vacancy will be for an
        extended period, the operators in that classification may be
        pre-scheduled to work the overtime.

        
        f. When a temporary job is posted in operation,
        the employee who gets the job will share overtime in that area. 

        
        
        g. It is the Work Group on Duty's responsibility
        to post daily overtime hours on the overtime board. This time,
        hours paid on a straight-time basis, and two (2) times hours paid but
        turned down will be posted daily in each area, unless there are unusual
        circumstances which make a delay in posting necessary.

        
        
        h. It is realized that the Work Group is
        responsible for filling a shift. In every case, operators are required
        to fill the job while the Work Group proceeds to fill vacancies by means
        of this procedure.

        
      
    
  

In the event, overtime distribution and/or call-out
procedures do not provide the Company with sufficient qualified personnel to
perform the overtime work, the Company shall have the right to assign qualified
personnel. Failure to work such mandatory overtime shall constitute just cause
for disciplinary action.

ARTICLE 11

12-HOUR SHIFT AGREEMENT

Some employment conditions which apply to employees who work
on 12-hour continuous shift operations may be different than those described in
various Articles of this Agreement. A special Letter of Agreement concerning
12-hour shift employees is attached as APPENDIX "B" to this Agreement.

ARTICLE 12

ABSENCES

A. 
All employees must obtain written permission
from the Company no less than twenty-four (24) hours in advance for all absences
from work for personal reasons except in cases of personal illness, illness or
death in the employee's immediate family, or other emergency making such advance
notice impossible. In case of such emergency, the employee will provide the
Company as much advance notice as possible.

B. An employee absent for two (2) days or more shall not
be permitted to return to work unless they notify the Company at least four (4)
hours prior to the start of their shift that he/she is returning to work. This
notification shall not serve to excuse unexcused absences. The Company
shall have the right to require an employee to submit a medical certificate
justifying his absence.

C. 
When an employee is absent for thirty (30) or
more consecutive calendar days for any reason, including layoff, the number of
their overtime hours will be increased by the number of hours the average of
their work group has increased during their absence.

D. When an employee is absent from their assigned
schedule for a definite period of time (eight hours, one day, one week, etc.)
their name will not be called for overtime work to be performed during their
time off.

E. When an employee is absent from their assigned
schedule for an indefinite time, their name will be removed from the overtime
list until the employee calls in to report that they are available for work.

ARTICLE 13

WAGES

A. 
The hourly wage rates shall be as shown in 
APPENDIX "A" attached hereto and made a part of this Agreement.

B. The Company
shall advise the Union of the proposed basic hourly rate for any new work
established after the date of this Agreement. Upon request of the Local Union
representatives, the Company will negotiate with them concerning such rate,
provided that the Union so requests within thirty (30) days from the
establishment of such rate. If agreement is not reached on the new rate, the
matter will be appealed to the fourth (4th) step of the Grievance Procedure.

C. When an
employee is temporarily assigned to a job paying a lower rate of pay, he/she
shall be paid his regular hourly rate.

D. When an employee is temporarily assigned to a higher
rated job for a purpose other than that of training or instruction, he/she shall
receive the rate for the job to which he/she is so assigned for all hours worked
on such higher rated job.

E. An employee who actually works for four (4) hours or
more on seven (7) consecutive days in the regularly established work week shall
receive double (2) their regular straight-time hourly rate for all hours worked
on the seventh (7th) consecutive day.

F. A maximum of ten (10) employee members who have been
trained and certified to perform Hazardous Material Emergency Response shall
receive twenty-five $.25) cents per hour, (maximum 40 hours per week) while so
assigned.

G. An employee required to work on his/her normal
scheduled day or days of rest or on hours outside of his/her normal work
schedule will be paid at one and one-half (1-1/2) times their regular hourly
rate, provided that they shall not be entitled to premium pay for such day or
days in any week in which he/she has been absent without a satisfactory excuse
on one or more scheduled workdays.

H. Premium pay provided for, herein, shall not be
pyramided on premium pay payable under any other articles of this Agreement.

ARTICLE 14

SHIFT DIFFERENTIAL

A. Employees who
are scheduled on multiple shift operations shall be paid a shift differential of
forty cents ($0.40) per hour for all time worked during the hours of 2:00 p.m.
to 10:00 p.m. shift. Employees shall be paid a shift differential of sixty cents
($0.60) per hour for all time worked during the hours of 10:00 p.m. to 6:00 a.m.
shift.

B. The shift differential is not paid to employees scheduled on regular,
single-day shift operations who may work overtime into another shift; however,
such employees will be paid shift differential for scheduled hours worked during
the times listed in paragraph A above. All employees not scheduled on regular,
single-day shift operations are considered to be on scheduled multiple-shift
operations.

ARTICLE 15

VACATIONS

A. All regular
employees of the Company shall be granted a vacation of one (1) week after one
(1) year of continuous active service, two (2) weeks after three (3) years of
continuous active service, three (3) weeks after five years of continuous
service, and four (4) weeks after fifteen (15) years of continuous active
service.

B. Employees who have one (1) or more years of continuous
service as of January 1st (except for new employees provided for below) will be
granted vacations during the calendar year January 1st to December 31st,
provided that they have worked a minimum of one thousand (1,000) continuous
active hours during the preceding calendar year. The following hours will be
counted in determining whether or not employees have worked a minimum of one
thousand (1,000) continuous active hours during the preceding calendar year:

    1. Hours actually worked;

    
    2. Holidays paid for but not worked;

    
    3. Forty (40) hours for each week of paid vacation;

    
    4. All hours lost due to compensable, job-related injuries, maximum
    800 consecutive hours lost in the first calendar year of such injury; and

    
    5. All hours lost by Union officials for Local Union business
    pertaining to Cherokee Nitrogen as approved by the Plant Manager.

  

C. A new employee shall become eligible for his/her first
vacation with pay upon his/her first anniversary date, provided that he/she has
worked a minimum of one thousand (1,000) continuous active hours during his/her
first anniversary year, counting as hours worked those set forth in paragraph B
above. An employee will qualify for his/her second vacation to be taken not
earlier than January 1st following his/her first anniversary date, by fulfilling
the contractual requirements set forth in paragraph B above, provided that the
second vacation cannot be taken earlier than six (6) months after the employee's
completion of his/her first vacation.

D. Pay for each week of vacation to which an employee is
entitled shall be computed on the basis of forty (40) hours at the particular
employee's regular straight-time rate of pay.

E. Vacations will be granted only during the year in
which they are due, and they may not be carried over or taken advantage of
during subsequent years.

F. Allocation of the individual's time for taking the
vacation during the vacation season from January 1st to December 31st shall be
subject to the approval of the Company in order to ensure orderly efficient
operation of the plant. Vacation scheduling shall be from January 1st until
March 1st.

G. In the event of termination of service due to death,
provided that at the time of death of such employee he/she had become eligible
to receive a vacation that had not been granted, payment in the amount equal to
that which would have been paid to the employee for such vacation shall be made
to the beneficiary of the group insurance carried by the employee. Also, if the
employee had worked one thousand (1,000) hours in the present year, the same
beneficiary will receive payment for the vacation the deceased employee would
have been eligible for if he/she had been on the payroll during the following
year. This payment of the following year's vacation will be made during January
of the following year.

H. Vacation pay for any employee entitled to a vacation,
will, upon request to management, be paid to the employee. Requests must be on
time cards two weeks prior to vacation.

I. Employees entitled to a vacation will not be allowed
to take money in lieu thereof except that the Company may, with the employee's
consent, pay him/her vacation pay in lieu of time off for vacation for any weeks
of vacation due him/her in excess of one (1) week in any eligibility vacation
period. It is understood that the preceding in no way diminishes the Company's
right to schedule a vacation shutdown.

J. If an employee takes his/her vacation during a week in
which a holiday occurs, the amount of his/her vacation pay shall be increased by
the amount of eight (8) hours' pay at his/her basic hourly rate, in order to
compensate for the holiday pay to which he/she would have been entitled had they
not been on vacation. If a holiday falls during an employee's vacation, it may
be mutually agreed to that he/she may receive an additional day off.

K. Employees joining the Armed Forces of the United
States shall receive their previously earned vacation pay provided they have
fulfilled all of the contractual requirements for a vacation.

L. Vacations will be granted only for continuous periods
starting on Monday and ending on Sunday, except by an employee's choice, he may
take two (2) weeks one (1) day at a time, or as he/she so desires, with approval
from the Company and at least a twenty-four (24)-hour notice. 

M. Employees who have become eligible to receive a
vacation under the provisions set forth in this Agreement and who thereafter
leave the service of the Company shall, upon request, be entitled to receive
vacation pay in lieu of the vacation they otherwise would have been eligible to
receive.

N. Deductions from vacation pay will be consistent with
the earning period. For example, if an employee received two (2) or more weeks
of vacation pay, one or more checks may be issued but the deductions will be
calculated as if a separate check was issued for each week.

O. In the calendar year in which an employee terminates
due to retirement, the employee will receive what would have been the Employee's
subsequent year's vacation on a pro-rata basis. For every full calendar month
the employee works on an active basis, the employee will receive 1/12 of the
following year's vacation.

ARTICLE 16

HOLIDAYS

A. The following shall be considered as holidays:

    1. New Year's Day (January 1st)

    
    2. Good Friday (Last Friday Preceding Easter)

    
    3. Memorial Day (Last Monday in May)

    
    4. Fourth of July

    
    5. Labor Day (First Monday in September)

    
    6. Thanksgiving Day (Fourth Thursday in November)

    
    7. Thanksgiving Friday (Fourth Friday in November)

    
    8. December 24th

    
    9. Christmas Day (December 25th)

  

B. The term "holiday" is defined to mean the twenty-four
(24)-hour period between 6:01 a.m. and 6:00 a.m. of the holiday. When a holiday
falls on Saturday, the preceding Friday shall be considered as the holiday,
except when Friday is a holiday also, then the preceding Thursday shall be
considered as the holiday. When a holiday falls on Sunday, the following Monday
shall be considered as the holiday, except when Monday is a holiday also, in
which case the following Tuesday shall be considered as the holiday. Shift
workers shall be paid for holidays on the day the holiday falls.

C. One and one-half (1-1/2) times the regular hourly wage
rate will be paid for all work performed on the holidays listed in paragraph A
above, in addition to such holiday pay as the employee may be entitled to under
the provisions of paragraph D below.

D. All regular full-time employees on the payroll shall
receive holiday pay for eight (8) hours at their basic hourly rate for each of
the holidays set forth in paragraph A above, provided that they report to work
and work the hours as scheduled on the last scheduled work day preceding and the
first scheduled work day following the holiday. In the event that a holiday
occurs during the initial calendar week in which an employee becomes laid off,
or during the calendar week in which an employee is recalled from layoff status,
the employee will be entitled to receive holiday pay if he/she is otherwise
eligible.

E. If an employee fails to report or fails to work the
hours as scheduled on the holiday, or fails to work the hours as scheduled on
the last scheduled work day preceding and the first scheduled work day following
the holiday, he/she will not receive holiday pay as provided for herein.

F. If a regular employee is excused from work for all or
any part of his/her last scheduled work day preceding, or for all or any part of
his/her work day following a holiday, or both, he/she shall be regarded as
having worked on such day or days (for the purpose of qualifying for holiday
pay), and they shall be eligible to receive holiday pay if they otherwise
qualified for holiday pay under the terms of this Agreement, provided that the
Company shall excuse absences on such days on the same basis and for the same
reasons as would apply on any other day during the year. Employees not excused
under the foregoing circumstances will not qualify for holiday pay. Employees
reporting off will not automatically constitute an excused absence. Employees on
short-term disability, or long-term disability, or workers compensation will
qualify for holiday pay not to exceed six months (6). Eligibility begins the
first full workday away from work. 

G. There shall be no pyramiding of daily, weekly and
holiday overtime.

ARTICLE 17

FUNERAL LEAVE PAY

A. In the case of the death of a member of the immediate
family of a regular employee, the employer will, when requested in advance,
grant a maximum of three (3) days (twenty-four hours) paid leave of absence, and
in no case will the paid leave of absence extend beyond the day immediately
following the day of the funeral.

B. The term "immediate family" as used herein is defined
as consisting of the following members of the employee's family only: mother,
father, spouse, children, brother, sister, mother-in-law, father-in-law,
son-in-law, daughter-in law, stepfather, stepmother, stepson, stepdaughter,
grandparents, grandchildren, brother-in-law, sister-in-law, and spouse's
grandparents.

C. When a death occurs to any such member of an
employee's family, he/she shall make written application in advance to the Plant
Manager for such paid leave. Such paid leave will not be granted in instances
when the employee otherwise eligible does not attend the funeral. The employee
absent on a paid funeral leave shall not be eligible for any overtime which is
scheduled during the period of such employee's leave. If a holiday falls during
the paid leave of absence, the employee will not receive both holiday pay and
paid leave of absence.

D. The employee will not be entitled to funeral leave pay
for any day falling within the three (3) day leave of absence which is not a
scheduled work day for the employee or when the employee is on vacation.

E. The rate of pay shall be the regular hourly rate of the employee and
for regular scheduled work.

ARTICLE 18 

JURY DUTY

A. All regular full-time employees (not including casual
or part-time employees) who have been in the continuous service of the Company
for six (6) months or more, shall be paid wages amounting to the difference
between the amount paid to them for jury service and the amount they would have
earned at their basic hourly rate had they worked on such days with their
regular work group.

B. No difference shall be paid if the employee received a
greater amount for jury service than he/she would have earned working in his/her
work group at the basic hourly rate.

C. Employees who are absent due to layoff, vacation,
sickness or injury, or other leaves of absence shall not be entitled to receive
difference payments under this article during such periods of absence.

D. No difference payments for jury service shall be paid
in the case of an employee who is absent on the last scheduled work day prior to
starting jury service.

E. No difference payments for jury service shall be paid
to employees who fail to report to work and work the hours on any scheduled work
day on which their service was not required in court

F. In order to receive difference payments as above
provided, each such employee must furnish to the Company a certificate of
service duly signed by the Clerk of the Court.

G. Employees
scheduled to work after 10 PM for eight (8) hours on days of required jury duty
will be excused from work for this time period and will receive the difference
between the amount paid to them for jury service and the amount they would have
earned at their basic hourly rate had they worked on such days.

ARTICLE 19

PAYDAY

The parties agree to the present payday which is every other
Thursday at 3:30 p.m. to 5:45 p.m. and Friday at 6:00 a.m. Employees whose
scheduled shift ends at 2:00 PM will be permitted to get their checks at 2:00
PM.

ARTICLE 20

MEAL ALLOWANCE PROVISIONS

A Whenever an employee is required to work overtime, five
dollars ($5.00) meal money or a meal will be provided at the end of two (2)
hours' work and each four (4) hours thereafter, provided that said employee has
completed an eight (8)-hour shift immediately preceding such overtime
assignment. 

B. The Company will not furnish a lunch for an employee
called in to work a regular eight (8)-hour shift for anyone who is sick or
absent provided that more than two (2) hours' notice is given. If less than two
hours' notice is given, the Company will provide a meal.

C. If an employee is called out on an emergency basis,
he/she will be furnished a meal after completing four (4) hours' work and each
four (4) hours thereafter as long as he/she is required to stay on the job.

D. Whenever maintenance work is scheduled on a twelve
(12)-hour relief basis, that is, one crew relieving another each twelve hours,
the Company will provide the second meal and allow both meals to be eaten on
Company time. It is mutually understood that these meal periods will be held as
short as possible in order to keep the work going.

E. Whenever maintenance work is scheduled on an extended
day or holdover basis and one crew does not relieve another, the first meal
period will be for thirty (30) minutes and shall be on the employee's own time.
The Company will furnish additional meals as required, and these will be on
Company time.

	A non-shift worker required to work any part of his/her meal period shall
  receive pay for his/her 

entire meal period unless he/she is given a full-length lunch period later in
the shift at the employee's option.

G. Production employees working 8-hour shifts will eat their lunch on Company
time at such hours as their duties permit.

ARTICLE 21

WORKMEN'S COMMITTEE

A.
There shall be an employee Workers Committee comprised of the Local Union
President, Vice-President, Recording Secretary and not more than two (2) other
Committee persons. The Union shall certify to the Company from time to time the
names of the Workers Committee persons who shall be employees of the Company,
and the Company shall not recognize any committee person until his / her name
has been so certified. The Workers Committee as a committee, shall negotiate and
settle grievances in Steps 3 and 4 of the Grievance Procedure.

B. Time spent by employees in the investigation and
settlement of grievances shall be on the employee's own time.

C. During contract negotiations the number of committee
members may be increased to six (6) active employees.

ARTICLE 22

GRIEVANCE PROCEDURE

Should any difference arise between the Company and the
Union, or between the Company and employees, or between employees of the
Company, or should trouble of any kind arise in the plant, there shall be no
strike, stoppage, slowdown, suspension of work or boycott on the part of the
Union or its members or the employees, or lockout on the part of the Company on
account of such dispute.

First Step

The employee shall first take his grievance up with his
foreman, and, only if the aggrieved employee requests, a committeeman shall be
given an opportunity to be present.

If the grievance is not settled, it shall, within five (5)
working days thereafter, be reduced to writing on a form provided by the Union,
signed by the employee, and presented to the foreman, who shall, within five (5)
working days after receipt thereof, give his written answer to the grievance.

No grievance will be considered unless it has been submitted
to his foreman within five (5) working days from the date the employee knew or
should have known of the occurrence giving rise to the dispute.

Second Step

The grievance shall be considered settled unless within five
(5) working days after receipt of the foreman's written answer, a Union
committeeman notifies the Area Superintendent that he desires additional
processing of the grievance. Management will arrange a meeting with the grievant
and one committeeman. Such meeting will be held no later than ten (10) working
days after receipt of the Union's appeal. 

The Area Superintendent or his designated representative
shall provide a written answer to the grievance within ten (10) working days
after the close of the Second Step meeting.

Third Step

In the event the Union is not satisfied with management's
Second Step answer, an officer of the Union, may, within five (5) working days
after receiving the Second Step answer, notify the Plant Manager and/or his
designated representative, in writing, that he wishes to submit the matter for
further consideration. At the same time, the Union shall provide a written
statement of the contractual reasons the Company's Second Step answer was not
accepted. The Plant Manager, and/or his designated representative will discuss
the matter with the Workmen's Committee and, if the Union requests, an
International Union Representative or the President of Local 417 G, at a time to
be mutually agreed upon. The Plant Manager and/or his designated representative
shall provide a written answer to the grievance within ten (10) working days
after the close of the discussions.

Fourth Step

If the answer of the Plant Manager, or his designated
representative, does not settle the grievance, the International Representative
of the Union may request that the grievance be submitted to an impartial
arbitrator, providing the grievance is one which does not involve matters in
which arbitration is specifically prohibited, under the terms of Article II of
this Agreement. The Union must then notify the Plant Manager of that fact, in
writing, within thirty (30) days after the date the Third Step answer was
rendered.

The International Union Representative and the Company shall
make written application to the Federal Mediation and Conciliation Service
requesting a nine (9) member panel from which the parties shall select an
arbitrator. The parties shall alternately strike eight (8) names, one at a time.
The remaining panelist shall serve as arbitrator. It is understood that,
starting with the first arbitration case, following the date of execution of
this Agreement, the Union shall strike the first name. Thereafter the
determination of which party strikes first will be made by the toss of a coin.
Both the Company and the Union shall have the right to reject one entire panel
submitted by the Federal Mediation and Conciliation Service.

When the arbitrator has been selected, he shall meet for the
consideration of the grievance as soon thereafter as is practical. Any such
meeting of an arbitrator shall be held in a location the parties unanimously
decide upon.

Any such arbitrator shall decide only the grievance submitted
to him, upon testimony presented to him, by the Union and the Company, and shall
render his decision in writing. 

The jurisdiction of the arbitrator shall be limited to a
grievance involving the interpretation or application of the specific provisions
of this Agreement.

Except as otherwise specifically provided in this Agreement,
the arbitrator shall have no power to change the wages, hours, or conditions of
employment set forth in this Agreement; he shall have no power to add to,
subtract from, or modify any of the terms of this Agreement; he shall deal only
with the grievance which occasioned his appointment. He will require that the
Union has the burden of establishing its position on behalf of the employee,
except in discipline or discharge cases, where the burden will be on management.

The parties hereto shall fully comply with the award or
decision made by any such arbitrator, and the decision of the arbitrator will be
final and binding on both parties. The fee and expenses of the impartial
arbitrator shall be borne equally by both parties. The expense of witnesses for
either side shall be paid by the party requesting the witness. The total cost of
the stenographic record which may be made and all transcripts thereof shall be
paid for by the party ordering the same. If a stenographic record is made by
either party, the other party shall receive a copy thereof only if the other
party states at the outset of the hearing that he is requesting a copy of such
stenographic record and agrees to pay one-half (1/2) of the cost thereof.

No provision of Article VIII or any other Article of this
Agreement shall deprive any employee covered by the terms of this Agreement of
any right to which it may be entitled under Section 9(A) of the Labor Management
Relations Act of 1947, or any other statute of the United States.

In cases involving verbal or written reprimands, a grievance
may be filed and processed through Step Three, but may not be submitted to
arbitration. The Union has authority to process, abandon, or settle grievances
on behalf of employees. The arbitrator may herein determine only one grievance
at a time without the express agreement of the Company and the Union.

The grievance and arbitration provisions provided for herein,
in addition to any other right or obligation under the Agreement, are limited to
grievances and claims arising and actually filed in writing during the term of
this Agreement. The parties recognize the principle that the Company's action
governs until and unless modified by an arbitration award which is in conformity
with the provisions of this Agreement, and that the Union may not, and will not,
apply to any court for interim relief of any kind pending such an arbitrator's
award.

In any case involving discharge or a disciplinary suspension,
a grievance may be filed in Step Three, but the grievance must be submitted no
later than three (3) working days following notice of the action, or the action
becomes final.

In cases involving written discipline up to and including
discharge, a copy of the action notice will be given to the employee involved
and a copy furnished to the on-site committeeman.

The parties agree to follow each of the foregoing steps in
the processing of a grievance and, if in any step the Union fails to proceed
within the time limits therein set forth, the grievance shall be considered
settled, based on the Company's answer in the last step through which it was
processed. The parties further agree that if in any step the Company's
representative fails to give his written answer within the time limit set forth,
the Union may advance the grievance to the next step at the expiration of the
time limits. All time limitations set forth herein shall be exclusive of
Saturdays, Sundays, and holidays. Time limits set forth in Step Four may be
extended in writing only by mutual agreement between the International
Representative and the Plant Manager.

ARTICLE 23

LEAVE OF ABSENCE

A. The Company
will grant leave of absence, without pay, not to exceed one (1) year to one (1)
employee who is elected or appointed to a full-time position with the Union,
upon ten (10) days' written request. Upon ten (10) days' notice of his /her
desire to return to work for the Company, given not later than one (1) week
after he/she ceases to occupy such full-time position or after the termination
of this Agreement, whichever is earlier, he/she shall be returned to the
Company's employment in line with his/her original seniority rights unimpaired.
The Union shall notify the Company promptly when an employee of the Company on
leave of absence under this paragraph B ceases to occupy such full-time
position. A leave of absence granted under this paragraph B shall become void
and the employee's seniority rights shall be forfeited if such employee accepts
other employment or engages in other work.

B. The Company may within its sole discretion grant a
leave of absence, without pay, not to exceed thirty (30) days in any one year,
for personal reasons, without loss of seniority.

C. Requests for leaves of absence must be in writing no
less than fourteen (14) working days in advance of to the start of the absence.
Leaves of absence will not be granted for the purpose of allowing an employee to
take another position temporarily, try out new work, or venture into business
for himself.

ARTICLE 24

MILITARY SERVICE

A. Except as otherwise provided by law, an employee who
is inducted into (or joins voluntarily during a national emergency) the armed
services of the United States shall be granted a leave of absence during the
period of such service, during which period his/her seniority shall accumulate,
provided, however, that if he/she voluntarily re-enlists for an additional
period, he/she shall not accumulate seniority during such additional period of
service and shall not be entitled to the re- employment rights and privileges
hereinafter set out. Upon termination of his/her military service in the first
instance, the employee shall be offered re-employment in line with his/her
seniority as may be available, which he/she is capable of doing, at the current
rate of pay for such work, provided that he/she meets the following
requirements:

1. He/she has been honorably discharged.

2. He/she is physically able to do the work.

3. He/she reports for work within ninety (90) days after
the date of his/her discharge, or ninety (90) days after hospitalization
continuing after discharge, for not more than one (1) year.

B. A regular
employee having more than one (1) year of continuous service who is granted a
leave of absence to perform summer military training under the National Armed
Forces Reserves, including Army, Navy or Marine Corps Reserves or State National
Guard, shall be paid for the period of such leave, not to exceed two (2) weeks
in any calendar year, the difference between his/her pay while performing such
training and the compensation he/she would have received at his/her regular
hourly straight-time rate had he/she worked the number of straight-time hours
which his/her regular crew worked during such two (2)-week Period.

C. This provision does not apply to employees who perform
such training duties during periods of layoff, vacation, or during any other
periods of recognized leave of absence, nor does this provision apply unless the
employee works on his/her last scheduled work day prior to the leave granted and
his/her first scheduled work day thereafter.

ARTICLE 25

SAFETY AND HEALTH

A. The Company recognizes a Health and Safety Committee
consisting of two (2) members selected by the Union, and one representative from
Management. The Company will make reasonable provisions for the safety and
health of the employees during their hours of employment consistent with all
governmental regulations. Such protective devices and other safety equipment as
may be necessary to properly protect employees from injury shall be provided by
the Company without cost to the employee.

B. Adequate ventilation, drinking coolers, showers, and
safety equipment such as respirators goggles, gloves, and any other safety
devices as may be determined from time-to-time shall be provided by the Company
without cost to the employees.

C. The Union agrees that in order to protect the
employees from injury and to protect the facilities of the plant, it will
cooperate to the fullest extent in seeing that the safety rules and regulations
are followed and that it will lend its whole-hearted support to the safety
program of the Company.

The Company recognizes a Health and Safety Committee
consisting of two (2) members selected from the by the Union, and one
representative from management. This committee will be maintained for purposes
of making monthly inspections of the plant facilities and making recommendations
to improve safety and housekeeping. Such members of the bargaining unit who
serve on the team will be excused from work, with pay, on the day of the
committee inspection. Recommendations of the Health and Safety Committee will
not be subject to the provisions of Article 22 - Grievance Procedure.

ARTICLE 26

DISCRIMINATION

Neither the Company nor the Union shall discriminate against
any employee with regard to the terms and conditions of employment on the basis
of race, color, creed, national origin, sex, age, handicap, religion, or because
of membership or non-membership in a Union.

ARTICLE 27

BULLETIN BOARDS

A. The Company
will provide one bulletin board in each of the four (4) areas for the purpose of
posting official Union notices restricted to the following:

    1. Notices of Union recreational and social affairs;

    
    
    2. Notices of Union elections;

    
    
    3. Notices of Union appointments and results of Union
    elections; and

    
    
    4. Notices of Union meetings.

    
  

B. The bulletin boards shall not be used by either party
for disseminating propaganda of any kind, posting or distributing pamphlets or
political matter, advertising, or for notices adversely reflecting upon the
Union or the Company.

ARTICLE 28

SICKNESS BENEFITS

GROUP INSURANCE AND PENSION. 
For the year beginning January 1, 2005, the
employee share of the cost of GROUP INSURANCE BENEFITS for the following
enrollment categories, payable bi-weekly, is as follows:

Employee only 

Employee & Dependents 

Effective January 1, 2005, employee cost share will be
determined, for the years 2005, 2006, and 2007, based on the employee paying 25%
of the actual utilization cost from November 1, of the previous year through
October 31 of the current year, payable bi-weekly.

Employee should refer to Summary Plan Descriptions and Flex
Plan enrollment materials for details of Preferred Plan Benefits, co-payments,
employee premium changes, deductibles, co-insurance coverage and periodic
amendments as may be made by the Plan Sponsor from time to time.

Effective with the date of this Agreement, the Company agrees
to pay the cost of a basic employee long-term disability plan with a maximum
benefit of 50% of the monthly pay up to $1,000.00 per month. Effective with the
date of this Agreement, the Company agrees to pay the cost of basic life
insurance equal to one (1) times an employee's annual income, maximum of
$50.000.00.

Dental and vision coverage will be made available as an
option. The employees may elect to purchase the insurance by paying the required
premiums each pay period through payroll deductions.

Employees should refer to the Select Summary Plan Description
and the Benefit enrollment materials for additional information on coverage.

MEDICAL EVIDENCE AND RETURN TO WORK. The employee's
disability and its continuation must be affirmed by acceptable medical evidence
showing the result of examinations made at appropriate intervals throughout the
period of absence, such intervals to depend upon the nature of the disability.
The Company will provide a form on which such statements may be submitted by the
employee's doctor.

If a disagreement arises between the Company's doctor and the
employee's doctor as to the employee's ability to return to work, the Company's
doctor and the employee's doctor shall agree upon a third doctor who shall make
a determination as to the employee's physical ability to work and the decision
of such third doctor shall be final and binding. Any fee or expenses of such
third doctor shall be divided equally between the Company and the employee
involved.

RETURN TO WORK PROGRAM. For employees who have
suffered work related illnesses/injuries, the company will continue its
practice, when possible, of providing modified duties in an effort to help
employees in the transition from non-ability to work, to full capacity work. The
company also reserves the right to limit the number of employees in this
program. In such case, seniority and qualifications will prevail. When
applicable, the Company will use occupational function capacity evaluations,
developed by certified physicians and therapist, to determine an employee's
ability to return to full capacity work or modified work duty. A modified duty
work arrangement is intended to be a temporary accommodation and not to exceed
four (4) to eight (8) weeks; however, in the event that an employee cannot
return to full capacity work after said period, the Company will consider
establishing a second modified duty work arrangement, but not to exceed an
additional four (4) to eight (8) week duration. An employee returning to work on
a modified work duty program will be entitled to his/her normal wage rate as
recorded in Appendix "A" of this Agreement. In such event there is no guarantee
for overtime work; but any overtime assignments will be offered to the employee
only if he/she possesses the physical and endurance requirements of the
assignment.

The Company agrees to administer the Return - To - Work program on a
non-discriminatory basis, and the employees at this work location agree not to
abuse the opportunities provided under this program. This Return - To - Work
program is not intended to adversely affect any other bargaining unit employee.

ARTICLE 29

DISCHARGE

In the event that an employee is discharged and the employee
considers such discharge to be without just cause, such action must be appealed
to the fourth step of the grievance procedure within forty-eight (48) hours of
the time of such discharge, excluding Saturdays, Sundays and holidays.

ARTICLE 30

GENERAL

A. MANAGEMENT EMPLOYEES WORKING. It is agreed that
supervisors are not to perform production or maintenance work to the extent that
it would deprive any worker of his/her regular job, or would result in the
layoff of a regular employee, or would prevent the hiring of additional
employees, if the amount of work warranted it. This, of course, does not
preclude a supervisor from helping out in emergencies or from giving
instructions to employees.

B. NOTIFICATION OF CURRENT HOME ADDRESS. An
employee must notify his/her supervisor whenever he/she changes his/her home
address.

C. CONTRACTORS. The Company may contract out work
at its discretion as long as bargaining unit employees are not laid off as a
result of contracting out bargaining unit work.

D. MAINTENANCE PERSONNEL ON 12 - HOUR SHIFTS. The
Company may staff Maintenance on 12-hour shifts as it deems necessary.
Maintenance employees with the required skills will be assigned by canvassing
the maintenance employees with those skills, by seniority.

ARTICLE 31

AUTHORIZED DEDUCTION

UNION SECURITY

Membership in the Union is not compulsory by state and
federal law. Employees have the right to join, not join, maintain, or drop their
membership in the Union as they see fit. Neither the Union, its agents, or any
employee shall exert any pressure on, or discriminate against an employee as
regards to such matters.

Union Security and Check-off. (a) Upon receipt of written
authorization of any employee who is a member of the union, all in accordance
with the requirements of the Labor Management Relations Act of 1947, as amended,
from time to time, the Company agrees to deduct from the earnings of such
employees who are members of the Union, assessments and weekly membership dues.
It is agreed that the Company shall check off weekly dues and assessments, each
as designated by the International Secretary-Treasurer of the Union.

Said deductions shall be made from such respective employee's
pay in the calendar month following the month in which the effective date of the
employee's membership in said Union occurs. The authorization will be on forms
furnished by the Union and approved by the Company. A copy which appears in the
Appendix "E" of the agreement. All such initiation fees, weekly dues and
assessments, that are deducted in this manner, shall be remitted by the Company
to the International Secretary-Treasurer. Pittsburgh, Pennsylvania, so long as
the authorization is validly in effect and not revoked by the employees. 

A check for deductions shall be to the International
Secretary-Treasurer, Pittsburgh, Pennsylvania each current month, together with
an itemized list of all collections. 

(b) The Union agrees to indemnify, hold, and save the Company
harmless of, from and against all claims, demands, suits, liabilities and
expenses or other forms of liability that may arise out of or by reason of
action taken by the Company for the purpose of complying with any of the
provisions of this Article or in reliance on any notice, authorization, or
assignment furnished pursuant to said provisions.

ARTICLE 32

SAVINGS CLAUSE

If any term or provision of this Agreement is, at any time
during the life of this Agreement, in conflict with any applicable valid federal
or state law, such term or provision shall continue in effect only to the extent
permitted by such law. If, at any time thereafter, such term or provision is no
longer in conflict with any federal or state law, such term or provision, as
originally embodied in this Agreement, shall be restored in full force and
effect. If any term or provision of this Agreement is or becomes invalid or
unenforceable, such invalidity or unenforceability shall not affect or impair
any other term or provision of this Agreement.

ARTICLE 33

STRIKES AND LOCKOUTS

During the term of this Agreement, neither the Union, its
officers, agents, members, nor any employee will authorize, instigate, aid,
condone, participate in, or engage in a strike, work stoppage, slow-down,
boycott, sympathy strike, overtime ban, or any other interruption or
interference with work or any impeding of production or business of the Company
regardless of whether there is a claim by the Union of a breach of this
Agreement or of State or Federal law by the Company. Any employee or employees
who violate the provisions of this Article may, at the sole discretion of the
Company, be discharged or otherwise disciplined. If an employee is disciplined
or discharged for a violation of this Article, the arbitrators jurisdiction is
limited to a determination of whether the employee engaged in activity
prohibited by this Article.

The employer specifically has a right to proceed directly to
court for an injunction and any and all other legal relief for any breach of
this Article.

The Company agrees that there shall be no lockout during the
term of this Agreement.

ARTICLE 34

TERM

This Agreement shall be effective as of the 12th day of
November, 2004 and shall remain in effect until and including 12:00 midnight on
November 11, 2007 and shall continue in full force and effect from year-to-year
thereafter, unless either party to this Agreement desires to change or modify
the term or terms of the Agreement. The party desiring the change or
modification must notify the other party to this Agreement, in writing, not less
than sixty (60) days and not more than seventy-five (75) days prior to the
termination date or to any subsequent anniversary date thereof. 

EXECUTED AT CHEROKEE, ALABAMA THIS TWELFTH DAY OF NOVEMBER, 2004:

	
    
    CHEROKEE NITROGEN COMPANY

    
    Cherokee, Alabama Plant
		
    
    THE UNITED STEELWORKERS OF AMERICA

    AFL-CIO, CLC

			
	S/Don
    PhillipsPlant Manager
	 	S/Leo W.
    GerardInternational President

			
	S/John Nix
    Plant Controller
	 	S/Jim English
    International Secretary Treasurer

			
			
    S/Andrew PalmInternational Vice-President (Administration)

			
			
    S/Leon LynchInternational Vice-President of Human Affairs

			
			
    S/Connie EntrekinDistrict 9 Director

			
			
    S/Claude KarrStaff Representative

			
	 	 	S/Terry
    DanielPresident 417-G

			
	 	 	S/R.
    Longmire, Vice President
			
	 	 	S/Bruce
    Black, Negotiating Committee
			
	 	 	S/Tim Davis,
    Negotiating Committee
			
	 	 	S/S. O.
    Davis, Negotiating Committee
			
	 	 	S/J. D.
    Thomason, Negotiating Committee
			
			

APPENDIX "B"

12-HOUR CONTINUOUS SHIFT OPERATIONS

This agreement establishes the terms and conditions which are
applicable when production employees are scheduled on 12-Hour Continuous Shift
Operations at the Cherokee, Alabama facility. Explained herein are the
procedures which apply to bargaining-unit employees who work a modified
"4-3-4-3" rotating-shift schedule over a twenty-eight (28)-day period,
consisting of the following:

--- Thirteen (13) twelve-hour shifts; and

--- One (1) four-hour shift.

Certain criteria must be met in the preparation of this
12-Hour Shift Agreement. It is desirable to conform as closely as possible to
the contractual pay provisions under the current Labor Agreement, and it is
essential that the Company's cost and the employees' wages be equitable for the
same amount of time worked under both a 21-turn shift schedule and the 12-hour
continuous shift operations schedule (hereinafter referred to as the "12-Hour
Shift Schedule).

Federal Wage and Hour Law requires that an employee be paid
time and one-half (1.5) for hours worked in excess of forty (40) hours in a work
week. No other overtime/premium payments shall be applicable to this 12-Hour
Shift Schedule.

In order to satisfy legal and contractual requirements and to
provide employees with equitable pay for the same amount of time worked under
both a modified 21-turn shift schedule and this 12-Hour Shift schedule, the
Standard Hourly Wage Rates listed in Appendix "A" of the current Labor Agreement
will be adjusted for the 12-Hour Shift Schedule. These adjustments are based on
the ratio of equivalent straight-time hours paid on the modified 21-turn shift
schedule to those on the modified 12-Hour Shift Schedule. The Adjusted Hourly
Rates, which are determined by multiplying the current Standard Hourly Wage
Rates by a factor, are applicable only for the proposed schedule. All hours
worked or paid outside this 12-Hour Shift Schedule, such as holdover overtime or
call-outs, will continue to be paid on the basis of the Standard Hourly Wage
Rates listed in APPENDIX "A" of the current Labor Agreement.

I. CONDITIONS FOR SHIFT SCHEDULE. The conditions under
which the 12-Hour Shift Schedule will be implemented are as follows:

    A. Coverage of shift vacancies will be mandatory in
    accordance with the existing requirement that an employee may not leave
    his/her work area until properly relieved.

    
    
    B. The Company requires the Union employees to hold
    over or be available for overtime (by pager) to man the jobs when vacancies
    occur. If problems are encountered in filling vacancies, the Company
    reserves the right to cancel the 12-Hour Shift Schedule operations at any
    time with ten (10) days' notice.

    
    
    C. Vacations will be adjusted as defined herein for
    employees scheduled on 12-Hour Shift Schedules.

  

II. PAY PRACTICES

A. Regular
Scheduled Work Hours

1. 
    Base Pay

    
    
            
  

  
            a. In order to equalize the cost to the
            Company and earnings of the employee, it is necessary to apply a
            factor of .9756 to the Standard Hourly Wage Rate for each job class
            and to develop an Adjusted Hourly Wage Rate for each job class.

            
    
    
            b. Overtime  
            
            worked as part of the regular
            12-Hour Shift Schedule will be paid at the Adjusted Hourly Wage Rate
            and referred to as Regularly Scheduled Overtime (RSOT).

        
        2. Shift Differential. An employee who works on the
        12-Hour Shift Schedule during a four-week period will receive
        thirty-three cents ($.33) Per hour for all hours worked.

        

        Example: An employee whose Standard Hourly Wage Rate is $13.94
        per hour would be paid as follows:

      

	
    Standard Hourly Wage Rate	
    $13.94

	
    Shift Differential	
    + .33

	
    Subtotal.	
    $ 14.27

	
    Factor	
    x .9756

	
    Adjusted Hourly Wage Rate	
    $13.92

	 	 
	
    Above rate applicable to Day and Night Shifts.

B. Overtime

    
    
    
        1. Overtime worked outside the regular 12-Hour Shift Schedule
        will be paid at the Standard Hourly Wage Rates listed in APPENDIX "A" of
        the current Labor Agreement.

        
        2. The computation of hours of days worked for the appropriate
        overtime premium will be made under the terms of the current Labor
        Agreement except that during the week of the 28-day cycle in which the
        employee is scheduled to work 48 hours, all of these hours, except
        unexcused hours, shall be considered hours worked for the purpose of
        computing overtime. The work week shall begin at 6:00 a.m. on Monday and
        end at 6:00 a.m. on the following Monday. The work day shall begin at
        6:00 a.m. and end at 6:00 a.m. the following morning.

        
        3. Employees assigned to 12-Hour Shifts will eat their lunches on
        Company time at such hours as their duties permit. No overtime lunches
        will be provided to employees while working scheduled 12-Hour Shifts.

      
    
    
    C. Holiday Pay

    
    
        1. On the 12-Hour Shift Schedule, a holiday will
        be paid as follows:

        
        
        
            a. Each of the two 12-Hour Shifts that work
            will be paid 1.5 times the Adjusted Hourly Wage Rate for all hours
            worked on the holiday plus eight (8) hours of holiday pay at the
            Standard Hourly Wage Rate.

            
            
            b. Each Off-Shift employee will receive eight
            (8) hours times the employee's straight-time pay at his/her Standard
            Hourly Wage Rate.

          
        
        
        
        2. An employee who works on a holiday will be
        paid 1.5 times his/her Adjusted Hourly Wage Rate only for all scheduled
        hours worked on the holiday plus eight (8) hours of holiday pay at the
        employee's Standard Hourly Wage Rate.

        
        3. An employee who is scheduled off on a holiday
        will be paid eight (8) hours only at his/her Standard Wage Rate.

        
        4. For purposes of the 12-Hour Shift Agreement,
        holidays will be the same as those listed in Article 16 of the current
        Labor Agreement.

        
        5. An employee who is on a scheduled vacation on
        a holiday will be paid eight (8) hours at the Standard Hourly Wage Rate,
        in addition to his/her vacation pay.

      
    
  

III. VACATIONS

    A. Employees on the 12-Hour Shift Schedule will
    qualify for vacations in accordance with Article 15 of the current Labor
    Agreement.

    
    
    B. Vacation pay for an employee on the 12-Hour Shift
    Schedule will be computed in accordance with the number of hours the
    employee would have been scheduled to work had he/she not been on vacation.
    The number of hours of vacation time is defined in the contract with the
    maximum being one-hundred sixty (160) hours per year depending on
    eligibility. Vacation time remaining of less than one (1) week will be taken
    as per the contract.

    
    
    C. One (1) vacation week equals the hours determined
    in paragraph B above.

    
    
    D. Vacations will be adjusted for the full year.

    
    
    E. A week of vacation under the 12-Hour Shift
    Schedule shall be a work week as defined in Article 15, Section L of the
    current Labor Agreement, provided that suitable standby coverage is
    maintained. It is understood that persons working the 12-Hour Shift Schedule
    may take five (5) twelve-hour days of vacation one day-at-a-time with
    approval from the Company and at least a twenty-four (24)-hour notice.

    
    IV. OVERTIME PROCEDURES. In addition to paragraphs A
    and B of Section I of this Agreement, the following shall apply:

    
    
    A. 12-Hour Shift overtime coverage will be obtained
    from the replacement chart shown on the 12-Hour Shift Schedule except as
    otherwise specified below.

    
    
    B. All employees on the 12-Hour Shift Schedule must
    make available to the Company a telephone number where they can be
    contacted.

  

  
    C. The Company may, when such action is necessary to
    fill a job, require an employee to work past the time when his/her vacation
    is scheduled to begin. The Company will, however, review any undue
    inconveniences which may result from such action.

    
    
    D. Overtime provisions in the Labor Agreement will
    govern those areas not specifically excluded herein under this Section IV.

    
    
    V. CALL-OUT AND SCHEDULE CHANGES. Not withstanding
    any other provisions of this Agreement, call-outs of 12-Hour Shift employees
    to vacancies on 12-Hour Shifts will be paid at the Standard Hourly Wage Rate
    for those call-out hours. If an employee is rescheduled to a 12-Hour Shift,
    the employee will be paid according to the 12-Hour Shift Agreement. An
    employee scheduled to work other than a 12-Hour Shift, but who actually
    works a 12-Hour Shift, shall be paid at the applicable Standard Hourly Wage
    Rate.

  

VI. MISCELLANEOUS BENEFITS. 

    A. Jury Duty will be administered in accordance with
    the provisions of Article 18 of the current Labor Agreement.

    
    
    B. Funeral Leave Pay will be paid only for two (2)
    workdays (24 hours) at twelve (12) hours each at the Standard Hourly Wage
    Rate.

    
  

VII. SCOPE OF AGREEMENT

    A. It is agreed that this 12-Hour Continuous Shift
    Operations Agreement supersedes the current Labor Agreement in all areas
    where there may be a conflict.

    
    
    B. All areas not specifically covered by this
    Agreement shall be governed by the terms and conditions of the current Labor
    Agreement.

    
    
    C. In the event of questions concerning the
    application of the 12-Hour Shift Schedule, and/or unforeseen conflicts with
    the provisions of the current Labor Agreement, such issues shall be referred
    to Human Resources for resolution.

    
    
    D. Any modifications and/or changes made to the
    existing terms and conditions of the current Labor Agreement as a result of
    the Cherokee Nitrogen facility or any portion thereof changing to this
    12-Hour Shift Schedule shall be applicable only during the term of this
    12-Hour Continuous Shift Operations Agreement. In the event that the 12-hour
    Shift Schedule is subsequently discontinued, the terms and conditions of the
    current Labor Agreement will be given their normal interpretation and
    application.

    
    
    Schedules and Factor Determination

    
  

One (1) Four-Week Schedule

		
    
    Week No. 1
	
    
    Week No. 2
	
    
    Week No. 3
	
    
    Week No. 4

		
    M
	
    T
	
    W 
	
    T
	
    F
	
    S
	
    S
	
    M
	
    T
	
    W 
	
    T
	
    F
	
    S
	
    S
	
    M
	
    T
	
    W 
	
    T
	
    F
	
    S
	
    S
	
    M
	
    T
	
    W 
	
    T
	
    F
	
    S
	
    S

	
    DAY
	
    X
	
    X
	
    X
	
    X
															
    X
	
    X
	
    X
							
	
    NIGHT
												
    X
	
    X
	
    X
	
    X
								
    X
	
    X
	
    X
			
	
    OFF
					
    X
	
    X
	
    X
	
    X
	
    X
	
    X
	
    X
					
    X
	
    X
	
    X
				
    X
				
    X
	
    X
	
    X

 

	
    Factor:
	
    Hours Worked
	
    Hours Paid at Straight Time

	1st
    Week	
    40
	
    40

	2nd
    Week	
    36
	
    36

	3rd
    Week	
    48
	
    52

	4th
    Week	
    36
	
    36

	Hours in
    28-Day Cycle:	
    160
	
    164

	Thirteen
    28-Day Cycles/Yr.	
    X 13
	
    X 13

	Number Hours
    Per Year:	
    2080
	
    2132

	 	 	 
	Factor
    Determination: 2080 / 2132= .9756	 	 

APPENDIX "C

401(K) PLAN

Effective January, 2003, the company will contribute a sum
based on 10% of a maximum of $4,000.00 contribution by a plan participant. If a
participant employee contributes $4,000.00 during a plan year, the company's
contribution would be $400.00, for that plan year.

APPENDIX "D

The Cherokee Nitrogen Substance/Alcohol Abuse Policy and
Procedure is made a part of the Labor Agreement by reference.

LETTER OF UNDERSTANDING

February 22, 2002

A. During their negotiations, the Parties discussed
    Article 4, Work Groups, Operations Skill Advancement/On-The-Job Training,
    and agreed as follows:

    
    
    All employees who were hired on or after December 1,
    1994, must complete all levels of advancement outlined in Article 4, B. 2.
    for operations personnel and in Article 4, D. 2. for maintenance work
    groups.

    
    
    Employees hired before December 1, 1994, in either
    operations or maintenance will only be required to complete the levels of
    advancement through Level 2.

    
  

B. The parties also agreed, as follows:

1. Red Circle Personnel listed below will receive first
    consideration for available Utility Positions within all areas of the plant.
    Those individuals are: Troy Martin; Charlie Pounders; J.T. Harrison; and
    Clyde Wallace.

    
    
    The Parties agree that the positions they hold are not
    subject to the seniority provisions of Article 10, Seniority, which relate
    to bidding and bumping procedures.

    
    
    In the event of a reduction in force which includes Red
    Circled utility persons, plant seniority shall control any such reduction in
    force.

    
    
    2. J.D. Maxwell, J.F. Oakes, and Ron Russell shall not be
    required to complete the Operations and/or Maintenance Skills Advancement
    requirements of Article 4, Work Groups, for Operations or Maintenance
    personnel.

    
  

COMPANY UNION

______________________ ________________________

SUBJECT INDEX

	
    
    Subject
	
    
    Article
	
    
    Page

	Adjustment of
    Grievances	
    22
	
    19

	Agreement	 	
    1

	Alcohol
    Policy	
    Appendix "D"
	
    34

	Arbitration	
    22
	
    20

	 	 	 
	Bulletin
    Boards	
    27
	
    23

	 	 	 
	Change of
    Home Address	
    30
	
    25

	Contracting
    Out Work	
    3
	
    2

	 	 	 
	Disability
    Benefits - Short Term	
    28
	
    23

	Discharge	
    29
	
    24

	Drug Policy	
    Appendix "D"
	
    34

	 	 	 
	EAP -
    Employee Assistance Program	
    28
	
    23

	Effective
    Date of Agreement	 	
    1

	
    Employee/Management Partnership	
    2
	
    1

	 	 	 
	Funeral Leave	
    17
	
    17

	 	 	 
	General	
    30
	
    25

	
    Grandfathering	
    Letter of Understanding
	
    35

	Grievance
    Committee	
    21
	
    19

	Grievance
    Procedures	
    22
	
    19

	Group Life
    Insurance	
    28
	
    23

	Group Medical
    Insurance	
    28
	
    23

	 	 	 
	Health Care
    Reimbursement Accounts (HCR)	
    28
	
    23

	Holidays	
    16
	
    16

	- Loss of Pay	
    16
	
    16

	- Observed
    Holidays	
    16
	
    16

	- Pay for
    Holidays Worked	
    16
	
    16

	Hours of Work	
    9
	
    8

	 	 	 
	Incentive
    Plan	
    Appendix "C"
	
    33

	 	 	 
	Job Bids	
    4
	
    3

	Jury Duty	
    18
	
    17

	 	 	 
	Layoffs -
    Advance Notice	
    7
	
    6

	Leave of
    Absence	
    23
	
    21

	- Approval	
    23
	
    21

	- Personal
    Reasons	
    23
	
    21

	- Union
    Business	
    23
	
    21

	Life and
    Medical Insurance	
    28
	
    24

	 	 	 
	 	 	 

 

	
    
    Subject (cont'd)
	
    
    Article
	
    
    Page

	 	 	 
	Maintenance
    Department Work Groups	
    4
	
    3

	- Titles	
    4
	
    3

	- Qualifying	
    4
	
    3

	- Training
    Progression	
    4
	
    3

	Maintenance
    on 12-Hour Shifts	
    30
	
    25

	Management's
    Rights	
    3
	
    1

	Management
    Employees Working	
    30
	
    25

	Meal
    Allowance	
    20
	
    18

	- Meal Period
    of Non Shift Workers	
    20
	
    18

	Military
    Service	
    24
	
    22

	Military
    Training	
    24
	
    22

	 	 	 
	Operations
    Work Groups	
    4
	
    2

	- Titles	
    4
	
    2

	- Qualifying	
    4
	
    2

	- Training
    Progression	
    4
	
    2

	Overtime
    Procedures	
    10
	
    9

	- Call-outs	
    10
	
    9,10

	- Overtime
    Coverage Procedure	
    10
	
    9

	- Charged
    Overtime	
    10
	
    9

	- Maintenance	
    10
	
    9

	- Production	
    10
	
    11

	- Transfers
    From One Group to Another	
    10
	
    9

	- Reporting
    Pay - Guarantee	
    10
	
    9

	 	 	 
	- Production
    Overtime Procedures	
    10
	
    11

	 	 	 
	Payday	
    19
	
    18

	Promotions to
    Outside Bargaining Unit	
    5
	
    5

	Purpose of
    Agreement	
    2
	
    1

	Protective
    Equipment Safety Policy Procedure (SAF-17-Corp)	
    

    
    25
	
    

    
    22

	 	 	 
	Recognition
    of Union	
    1
	
    1

	Reduction In
    Force	
    7
	
    6

	Return to
    Work Program	
    28
	
    24

	Route of
    Advancement	
    4
	
    2

	 	 	 
	Safety and
    Health	
    25
	
    22

	- Safety and
    Health Committee	
    25
	
    22

	Savings
    Clause	
    32
	
    26

	Savings Plan
    - Section 401 (k)	
    Appendix "C"
	
    33

	Seniority	
    5
	
    4

	- Broken	
    5
	
    5

	- Filling
    Vacancies	
    6
	
    5

	- New
    Employees	
    5
	
    5

	- Plant-Wide
    Seniority	
    5
	
    5

	- Reductions
    in Workforce	
    7
	
    6

	- Seniority
    List	
    5
	
    5

	Shift
    Differential	
    14
	
    14

	 	 	 
	Wages	
    13
	
    13

	- Seven
    Consecutive Days Worked	
    13
	
    13

	 	 	 

 

	
    
    Subject (cont'd)
	
    
    Article
	
    
    Page

	 	 	 
	Sick Leave
    Agreement (Short Term Disability Benefits)	
    28
	
    23

	- Return to
    Work	
    28
	
    24

	- Return to
    Work Program	
    28
	
    24

	 	 	 
	Term of
    Agreement, Expiration Date	
    34
	
    26

	Twelve Hour
    Shift Agreement	
    Appendix "B"
	
    30

	- Maintenance
    on 12 Hour Shifts	
    30
	
    25

	 	 	 
	Union Dues
    and Checkoff	
    31
	
    25

	 	 	 
	Vacations	
    15
	
    14

	- Amount Paid	
    15
	
    14

	- During
    Holiday Week	
    15
	
    15

	- Money in
    Lieu Of	
    15
	
    15

	- New
    Employees - First Vacation	
    15
	
    14

	- Pay
    Following Death	
    15
	
    15

	- Qualifying
    Hours	
    15
	
    14

	- Retirement
    During Year	
    15
	
    15

	- Scheduling	
    15
	
    15

	- Weeks Paid
    Per Year	
    15
	
    14

	- When Paid	
    15
	
    15

	 	 	 
	Wage Rates	
    Appendix "A"
	
    28

	- Maintenance	
    Appendix "A"
	
    28

	- Operations	
    Appendix "A"
	
    29

	- Change in
    Work Schedules	
    8
	
    8

	- Paydays	
    19
	
    17

	- Premium Pay
    for Non-Scheduled Workday	
    13
	
    13

	- Shift
    Differential	
    14
	
    14

	- Wage Rates
    for New Jobs	
    13
	
    13

	Work Groups	
    4
	
    2

	Workman's
    Committee	
    21
	
    19ANHYDROUS AMMONIA SALES AGREEMENT

ANHYDROUS AMMONIA SALES AGREEMENT

THIS ANHYDROUS AMMONIA SALES AGREEMENT ("Agreement") is entered into on this ___ of February, 2005, and made effective January 3, 2005 ("Effective Date"), between KOCH NITROGEN INTERNATIONAL SARL, a Switzerland corporation, with a branch office located at Grand Cayman, Cayman Islands, B.W.I. (hereinafter "KNI") and KOCH NITROGEN COMPANY, a Nebraska corporation, with principal offices at 4111 East 37th Street North, Wichita, Kansas 67220 (hereinafter "KNC" and collectively with KNI,  "Koch") and EL DORADO CHEMICAL COMPANY, an Oklahoma corporation, with principal offices at 16 S. Pennsylvania, Oklahoma City, Oklahoma 73107 (hereinafter "Buyer").  Koch and Buyer are sometimes collectively referred to herein as the "Parties" and individually referred to herein as a "Party". 

WITNESSETH:

WHEREAS, as specified in this Agreement, Buyer and Koch desire to enter into an anhydrous ammonia sales agreement under which Koch agrees to supply to Buyer, and Buyer agrees to purchase from Koch, 100% of its  Product Requirements (as defined below) and
  

WHEREAS, Koch's intent is to supply Buyer's Product Requirements primarily by pipeline deliveries and supply Buyer's Railcar Product Requirements (as defined below) either by railcar or pipeline.  If Product is delivered to Buyer by pipeline, then KNI shall be the primary supplier and shall invoice Buyer.  If Product is delivered to Buyer by railcar, then either KNI or KNC, at Koch's option, shall be the supplier and invoice Buyer as applicable.
 

NOW THEREFORE, in consideration of the mutual promises herein contained, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

I. DEFINITIONS

Whenever used in this Agreement, the following terms shall have the following respective meanings: 

	
"Adder" shall have the same meaning assigned to that term in Article VI, Section B.

	
"Affiliate" means, with respect to any Person, any other Person directly or indirectly controlling or controlled by, or under direct or indirect common control with such Person.  For purposes of this definition, the term "control" (including the correlative terms "controlled by" and "under the common control of"), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, through the ownership of voting securities, by contract or otherwise.

	
"Ammonia Pipeline" shall mean the anhydrous ammonia pipeline currently owned by Kaneb Pipe Line Operating Partnership, L.P.

	
"Ammonia Pipeline Tariff" means the Ammonia Pipeline's current tariff for interstate movement of anhydrous ammonia, as amended from time to time.

	
"Ammonia Pipeline Transportation Charge" shall have the same meaning assigned to that term in Article VI, Section C.

	
"Buyer Facility" shall mean Buyer's chemical production facility located at El Dorado, Arkansas, as presently configured.

	
*** [Redacted Text] shall mean the *** [Redacted Text] per metric ton of the weekly price range published under the heading "Ammonia Price Indications, Delivered prices, US Gulf/Tampa, -Tampa" in Fertecon Ammonia Report ("Fertecon") and (ii) the *** [Redacted Text] per metric ton of the weekly price range published under the heading "Ammonia c+f Tampa" in the FMB Weekly Fertilizer Report ("FMB") for the week Product is delivered by pipeline to Buyer or shipped by railcar to Buyer.  For example, if Product is delivered to Buyer by the Ammonia Pipeline during the week from Monday, December 15, 2003 through Sunday, December 21, 2003, the *** [Redacted Text] published in the December 18, 2003 issue of Fertecon and the December 18, 2003 issue of FMB shall apply.  The Parties acknowledge that currently, both Fertecon and FMB publish a price range for Tampa/US Gulf prices and a Tampa only price.  The Tampa only price, as set forth above, shall be used to calculate the *** [Redacted Text].  If either publication or the price contained in such publication that is necessary to calculate the *** [Redacted Text] is not published for a particular week for any reason, then the publication or price, as applicable, from the previous week shall be used to calculate the *** [Redacted Text].  Examples of how *** [Redacted Text] is calculated are set forth on Exhibit 1. 

	
"Delivery Point" shall mean: (i) for pipeline deliveries, the discharge side of the Ammonia Pipeline's Product meter located at Buyer's Facility, or (ii) for rail or truck deliveries, the point at Buyer's Facility where the truck or rail cars enter Buyer's Facility, or (iii) an alternate delivery point along the Ammonia Pipeline; provided that Buyer gives Koch at least forty-five (45) days written notice prior to the date it wishes to begin delivery at such alternate delivery point.

I."KNC Facility" shall mean KNC's anhydrous ammonia production facility at Sterlington, Louisiana.  Currently, the KNC Facility has one (1) ammonia production unit capable of producing ammonia.
 

 J."KNC Terminal" shall mean KNC's anhydrous ammonia terminal at Taft, Louisiana, capable of receiving ammonia by vessels, loading and shipping ammonia in a barge, and re-injecting ammonia into the Ammonia Pipeline.

K."Month" shall mean a calendar month.

L.   "Performance Assurance" means collateral in the form of either cash, letter(s) of credit, or other security acceptable to Seller in its sole discretion.

M. "Person" means any individual, corporation (including any non-profit corporation), general or limited partnership, limited liability company, joint venture, estate, trust, unincorporated organization, business, syndicate, sole proprietorship, association, organization, other entity or governmental body.

N."Price" shall be described in Article VI, Section A hereof.

O."Product" shall mean commercial anhydrous ammonia provided hereunder having the following specifications:

  Ammonia (NH3) Content: 99.5% minimum, by weight %

  Water:0.2% minimum to 0.5% maximum, by weight %

  Oil:5 ppm maximum, by weight

P."Product Requirements" shall mean total Product purchased by Buyer for Buyer's account for further processing at Buyer's Facility, as adjusted to accommodate Buyer's Railcar Product Requirements.  Currently, the Product Requirements during a calendar year at Buyer's Facility are approximately 165,000 short tons, exclusive of any tolling arrangements by Buyer with third parties.  Product Requirements shall not include approximately 45,000 short tons of anhydrous ammonia annually, for production of finished product for Orica USA Inc.  The 45,000 short tons referenced above shall be excluded from the Product Requirements during the Term of this Agreement, unless Buyer requests and Koch elects, at Koch's sole option, to include such quantity in the Product Requirements.  Provided that Buyer has given Koch at least sixty (60) days prior written notice, Product Requirements shall not include Product supplied to Buyer's Facility which shall be produced by Buyer or an Affiliate of Buyer and physically delivered to Buyer's Facility.

Q."Seller" shall mean either KNI or KNC, as the case may be, as the applicable seller of Product hereunder.
  

R.    "short ton" shall mean 2,000 pounds.
  

S. "Taxes" shall have the same meaning assigned to that term in Article IX hereof.
T. "Total Credit Exposure" shall mean the sum of the (i) outstanding invoice(s) for Product delivered from Koch to Buyer, (ii) the estimated invoice for Product delivered to Buyer but not yet invoiced by Koch, and (iii) the estimated invoice amount for Product that shall be delivered from Koch to Buyer until the payment due date of the oldest outstanding invoice, less the amount of any Performance Assurance.
  

II. TERM

	
Term.  The term of this Agreement (the "Term") shall commence at 12:01 a.m. central time on January 3, 2005 and shall terminate at 11:59 p.m. on December 31, 2005, ("Original Termination Date") unless otherwise terminated earlier in accordance with this Agreement or extended pursuant to Section B below.

	
Renewal.  At the Original Termination Date, this Agreement may be extended for a one (1) year period (commencing on January 1st and ending on December 31st) upon the written agreement of both Koch and Buyer made no later than November 1st of the then current year.  Notwithstanding the foregoing, neither Party shall be obligated to renew this Agreement.

III. QUANTITY

	
Quantity.  During the Term, Buyer shall purchase from Koch one hundred percent (100%) of its Product Requirements for Buyer's Facility.  However, in the event Buyer installs railcar unloading capabilities at Buyer's Facility, then Buyer shall have the option to purchase up to twelve percent (12%) of Buyer's Product Requirements during a calendar year from a third party ("Railcar Product Requirements"); provided, such Railcar Product Requirements must be delivered to Buyer's Facility by railcar; and provided further, Buyer gives Koch the right of first refusal to match any bona fide third party railcar delivered price.  Buyer shall provide Koch with a written copy of such third party offer.  In the event Seller determines to meet the price for any Railcar Product Requirements to Buyer's Facility within two (2) business days after its receipt of a written copy of the third party offer, Seller shall have the option to deliver the Railcar Product Requirements to Buyer's Facility either by railcar or pipeline.  In addition, if Buyer installs railcar unloading capabilities at Buyer's Facility, then Seller may request, from time to time, that Buyer take delivery of a specified quantity of Buyer's Product Requirements by railcar, instead of delivery by pipeline, during each calendar year; provided Seller gives Buyer thirty (30) days written notice that Seller wants to deliver Product by railcar.  Buyer shall make reasonable commercial efforts to accommodate Seller's request as stated above; however, it shall be Buyer's option to grant such request.

	
No Resale.  Buyer shall use the Product delivered to Buyer for processing at Buyer's Facility only, and shall not resell, transfer, exchange, or otherwise assign Product without first obtaining the prior written consent of Seller, which consent may be granted or withheld by Seller in its sole discretion.

	
Measurement.  The quantity of Product delivered hereunder to Buyer by the Ammonia Pipeline shall be governed by the weights and measures taken by meters owned by the Ammonia Pipeline at the Delivery Point pursuant to the Ammonia Pipeline Tariff.  For truck or rail deliveries, the quantity of Product delivered to Buyer shall be governed by the weights and measures taken as the trucks or rail cars are loaded at the KNC Facility, KNC Terminal, alternative Koch supply sources, or at an alternative third party supply source and as stated on the bill of lading.  The foregoing measurements of said quantities shall be final and conclusive, unless proven to be in error.

   

IV. QUALITY

 All Product delivered hereunder shall conform to the specifications set forth in Article I, Section O.  All claims by Buyer that any Product delivered hereunder does not conform to the specifications set forth in Article I, Section O, shall be made in writing and sent within thirty (30) days after Seller's delivery of such Product to the Delivery Point.  Failure to give written notice of such claim within the specified time shall constitute an unqualified acceptance of the Product and a waiver by Buyer of all claims with respect thereto.

V. WARRANTIES

A. As its exclusive warranties, Seller warrants to Buyer that, at the Delivery Point: (i) the Product shall conform to the specifications specifically set forth in Article I, Section O and (ii) title to the Product shall be free from any security interest, lien, or encumbrance.  EXCEPT AS SPECIFICALLY SET FORTH IN THE PRECEDING SENTENCE, (I) BUYER acknowledges and agrees that KNI, KNC, AND THEIR RESPECTIVE AFFILIATES haVE not made, do not make, and expressly disclaim any warranties, representations, covenants, or guarantees, either express or implied, whether arising by operation of law or otherwise, as to the merchantability, quantity, CONDITION, OR quality of the PRODUCT or ITS suitability or fitness for any particular purpose or use AND (ii) THE PRODUCT IS SOLD "AS IS".
 

B. Seller's liability, and Buyer's exclusive remedy, for any cause of action arising out of or related to the breach of the warranty above, is, at Buyer's option, limited to (i) replacement of the non-conforming Product at the Delivery Point or (ii) a refund to Buyer of the portion of the Price allocable to such non-conforming Product.  IN NO EVENT WILL SELLER'S CUMULATIVE LIABILITY UNDER THE AGREEMENT EXCEED THE TOTAL SALES PRICE OF THE PRODUCT OR THE COST OF SUBSTITUTE PRODUCT, WHETHER ARISING UNDER WARRANTY, GUARANTEE, CONTRACT, NEGLIGENCE, STRICT LIABILITY, INDEMNIFICATION, FAILURE OF ESSENTIAL PURPOSE OR ANY OTHER CAUSE OR COMBINATION OF CAUSES WHATSOEVER.  WITHOUT LIMITATION ON THE FOREGOING, UNDER NO CIRCUMSTANCES SHALL EITHER KOCH OR BUYER BE LIABLE OR HAVE ANY RESPONSIBILITY TO THE OTHER OR ANY OTHER THIRD PARTY FOR ANY INDIRECT, SPECIAL, CONSEQUENTIAL, EXEMPLARY, OR PUNITIVE DAMAGES, INCLUDING, WITHOUT LIMITATION, LOST EARNINGS, LOST PROFITS, OR BUSINESS INTERRUPTION.
  

C. The obligations of KNI and KNC under this Agreement are several and not joint.  For clarity, KNI shall have no responsibility or liability for any obligation of KNC under this Agreement and KNC shall have no responsibility or liability for any obligation of KNI under this Agreement.  Subject to the foregoing and unless otherwise notified by KNI, KNC shall act as agent on the behalf of KNI for the supply of Product by KNI to Buyer and the other functions and services associated with this Agreement.
  

VI. PRICE
 

  A. 
   Price.  Except as set forth below, for each short ton of Product sold to Buyer hereunder, Seller shall charge, and Buyer shall pay to Seller, the following  Price:

Price per short ton = *** [Redacted Text].

However, in the event Seller agrees to sell any of Buyer's Railcar Product Requirements as set forth in Article III, Section A, then the Price for each short ton of Product sold to Buyer as Railcar Product Requirements shall be as determined in accordance with Article III, Section A and documented in writing between the Parties.  The  Price shall be determined on a *** [Redacted Text] basis.

	
Adder.  Adder shall equal *** [Redacted Text] per short ton.  However, if KNC: (i) resumes ammonia production at the KNC Facility and (ii) operates the KNC Facility at a production rate of at least eighty percent (80%) of such facility's capacity for at least ten (10) consecutive days, then the Adder shall be *** [Redacted Text] per short ton commencing on the 10th day after such conditions have been satisfied.  If KNC terminates ammonia production at the KNC Facility, then the Adder shall be *** [Redacted Text] per short ton commencing on the 10th day after such termination.

	
Ammonia Pipeline Transportation Charge.  The Ammonia Pipeline Transportation Charge per short ton shall be a flat rate of *** [Redacted Text] per short ton, regardless of whether Koch injects Product into the Ammonia Pipeline at the KNC Terminal, KNC Facility, or an alternative injection point.  The *** [Redacted Text] per short ton rate is based upon *** [Redacted Text] per short ton from Sterlington, Louisiana and *** [Redacted Text] per short ton from Taft, Louisiana to the Delivery Point for pipeline deliveries at Buyer's Facility.    In the event the *** [Redacted Text] rate changes for the injection points where Seller injects Product for delivery to Buyer, then the flat rate of *** [Redacted Text] per short ton shall change accordingly in proportion to the difference between the revised *** [Redacted Text] rates and the *** [Redacted Text] flat rate.   By example only, if the *** [Redacted Text] from Taft, Louisiana increases to *** [Redacted Text] per short ton, then the Ammonia

Pipeline Transportation Charge would increase from *** [Redacted Text] per short ton to *** [Redacted Text] per short ton for Product injected at Taft, Louisiana for delivery to the Delivery Point at Buyer's Facility.   

	
Market Publications and Prices.  If either (a) Fertecon or FMB or (b) the price contained in such publication that is necessary to calculate the *** [Redacted Text] is not published for three (3) consecutive weeks, then Koch and Buyer shall meet in person, negotiate, and agree on a substitute publication or price, as applicable, within thirty (30) days of such event.  During such thirty (30) day period, the publication or price that is published, as applicable, shall solely be used to calculate the Price hereunder.  For example, if FMB was not published for three (3) consecutive weeks in March 2005, then Fertecon would solely be used to calculate the *** [Redacted Text].

	Demurrage.  Railcars shall be allowed ten (10) days of free time from the earlier of constructive or actual placement of the railcar at Buyer's Facility until being released by Buyer to the railroad.  In the event Buyer is unable to obtain actual placement of railcars within a reasonable period of time after constructive placement due to issues beyond Buyer's control, then Seller shall adjust the free time allowed provided Buyer has notified Seller of this delay within three (3) business days of the delay.   Any excess time shall be billed at $50.00 per car per day.

VII. CREDIT AND PAYMENT TERMS
      

	
Koch shall provide Buyer a line of credit to facilitate purchases under this Agreement; provided, that in no event shall Buyer's Total Credit Exposure exceed *** [Redacted Text] in the aggregate.  Such credit line may be decreased or terminated and shipments may be suspended at any time at the sole discretion of Koch by providing notice to Buyer.  Upon written notice of Koch's election to decrease or terminate Buyer's credit line, Buyer may terminate this Agreement.  Buyer's failure to give written notice to Koch of the termination of this Agreement within thirty (30) days from the date of such notice shall constitute an unqualified acceptance of such reduction or termination and a waiver by Buyer of the right to terminate this Agreement.  In addition to Koch's rights to decrease or terminate Buyer's credit line as set forth in this Article VII, Section A above, and in addition to any other rights or remedies to which Koch may be entitled at law or in equity, in the event that Koch determines, in its sole discretion, that (a) the creditworthiness or future performance of Buyer is impaired or unsatisfactory or (b) Buyer's Total Credit Exposure may exceed the established credit line, Koch may (i) immediately suspend deliveries of all Product; or (ii) require prepayment by wire transfer at least two (2) business days prior to a scheduled shipment of Product.

B. Seller shall prepare and fax to Buyer a weekly invoice by Tuesday of every week during the Month  in an amount equal to the Price per short ton based on the previous Friday's Price multiplied by the short tons delivered to Buyer during the period from the previous Monday through Sunday based on the meter reading at the Delivery Point provided by Buyer to Seller every Monday.  In the event, Seller agrees to sell to Buyer any of Buyer's Railcar Product Requirements as set forth in Article III, Section A, then Seller shall prepare and fax to Buyer a weekly invoice by Tuesday of such week, in an amount equal to the Price per short ton as determined in accordance with Article VI, Section A multiplied by the short tons shipped by Seller to Buyer during the period from the previous Monday through Sunday based on the bill of lading quantity for such railcar shipments during the week.   In the event Seller supplies to Buyer both Product Requirements and Railcar Product Requirements during any given week, then Seller shall prepare and fax Buyer two (2) separate invoices.  Any Product returned to Seller in a railcar shall be deemed abandoned by Buyer and Buyer shall not receive any credit, payment, or other consideration for any abandoned Product, unless Buyer has provided written notification to Seller that Product in excess of three (3) short tons may remain in the railcar due to operational issues at Buyer's Facility.
  

 C. Twenty-one (21) days after the invoice date, Buyer shall pay the full amount of each invoice by wire transfer of immediately available funds to such account as Seller designates in writing.  If the payment due date is a Saturday, Sunday, or holiday where banks are authorized to be closed, Buyer shall make such payment on the business day next succeeding such due date.   Interest shall be charged on all past due amounts owed by Buyer hereunder at an interest rate equal to the lesser of 12% per annum and the maximum rate permitted by law, from the payment due date until paid in full (the "Default Rate").  Buyer agrees to accept as originals facsimile copies of invoices from Seller. 
    

D. For invoices prepared and faxed to Buyer by KNI, Buyer shall wire transfer funds to KNI's designated bank account in London as designated on the KNI invoice.  The current wiring instructions for payment to KNI are as follows:

  Koch Nitrogen International Sarl

JP Morgan Chase London

Account #25090201 USD

SWIFT: CHASGB2L

  For invoices prepared and faxed by KNC, Buyer shall wire transfer to KNC's designated bank account in the United States as designated on the KNC invoice.  The current wiring instructions for payment to KNC are as follows:

 Koch Nitrogen Company

Chase Manhattan Bank

ABA# 021000021

Account# 323-1-91363

VIII. DELIVERY
A. Notices.  No later than the 1st calendar day of the Month immediately prior to the Month of delivery of Product, Buyer shall notify Koch in writing of the amount of short tons and method of delivery that Buyer wishes to receive for such Month of delivery.  Buyer shall promptly notify Koch in writing of any known or anticipated changes that will not permit Buyer to receive the monthly quantity of Product.
 

B. Title and Risk of Loss.  Seller shall deliver the Product hereunder to Buyer at the Delivery Point.  Title and risk of loss of Product shall pass from Seller to Buyer and delivery shall occur when the Product passes the Delivery Point.  Prior to delivery and transfer of title and risk of loss of the Product to Buyer, Seller agrees to be responsible for any damages or injury arising in connection with the Product.  At and after delivery and transfer of title and risk of loss of the Product to Buyer, Buyer agrees to be responsible for any damages or injury arising in connection with the Product.
  

C. Shipper of Record.  Seller shall be the shipper of record for delivery of Product on the Ammonia Pipeline to Buyer at Buyer's Facility.

IX. TAXES
Buyer shall pay all material taxes, assessments, duties, fees, levies, penalties, licenses or charges imposed by any government authority ("Taxes") which may now or hereafter be imposed on or with respect to the Product at or after title and risk of loss passes to Buyer, provided that in no event shall Buyer be required to pay any Taxes in an amount in excess of the Taxes that would have been owing had KNC been the sole Seller under this Agreement.  If Seller is required to remit or pay Taxes that are Buyer's responsibility hereunder, Buyer shall reimburse Seller for such Taxes within ten (10) days of receipt of written notice hereunder.   As the Buyer is assessed Taxes, both Parties agree to mutually work together to mitigate any assessment.

	FORCE MAJEURE 

A.  Neither Koch nor Buyer shall be liable for any failure or delay in performance under this Agreement (except for the obligation to make money payments due hereunder for Product already purchased) due to a Force Majeure event.  A "Force Majeure" event shall mean any event which may be due in whole or in part to any contingency, delay, failure, cause or other occurrence of any nature beyond a Party's reasonable control, which (i) physically prevents Koch from transporting or delivering the Product to or from the (a) KNC Terminal or (b) the Ammonia Pipeline, or (ii) which physically prevents Buyer from receiving or using Product at Buyer's Facility.  Examples of Force Majeure events shall include, but not be limited to, the following: (a) physical events such as acts of God, disease, plague, landslides, lightning, earthquakes, fires, storms such as hurricanes or tornados, or explosions; (b) acts of others such as terrorist attacks, riots, sabotage, insurrections or wars; (c) breakage or accident to critical machinery or critical equipment; and (d) material allocation or material curtailment of natural gas or electricity, in either case under (c) or (d), rendering a Party incapable of satisfying its obligations under this Agreement (except for the obligation to make money payments due hereunder for Product already purchased) for more than fifteen (15) consecutive days or twenty (20) days in any thirty (30) day period.
 

B. The term "Force Majeure" shall not include (i) an event caused by a Party's sole negligence or willful misconduct; (ii) Koch's ability to sell, or Buyer's ability to purchase from a third party, Product at a price more advantageous than the Price; (iii) Buyer's loss of markets for products produced at Buyer's Facility; (iv) shutdown of KNC's Terminal or Buyer's Facility for reasons other than a Force Majeure event; and (v) routine or scheduled maintenance at KNC's Terminal or Buyer's Facility.
 

C. If a Force Majeure event occurs, the declaring Party may exercise its right under this Article X by giving timely notice thereof to the other Party setting forth with reasonable particularity the nature of the Force Majeure event.  The declaring Party shall only be excused from performance hereunder during the duration of, and only to the extent of, the Force Majeure event.  Under no circumstance shall (i) Koch be obligated to cure any deficiencies in deliveries of Product caused by Force Majeure or (ii) Buyer be obligated to cure any deficiencies in Product purchased caused by Force Majeure.  Further, neither Koch nor Buyer (except as set forth in Article X, Section D below) shall be obligated to take any action which would result in increasing such Party's performance costs under this Agreement beyond the costs which it would have incurred in the absence of such Force Majeure event.  The declaring Party shall give the other Party prompt notice of when the Force Majeure event ends.
  

D.  Notwithstanding any other provision of this Agreement, if the Ammonia Pipeline is interrupted or curtailed due to a Force Majeure event which prevents or delays Koch from making all or a portion of the required deliveries of Product hereunder, Koch shall use commercially reasonable efforts to arrange, at Buyer's cost and expense, rail or trucking transportation service from an alternative supply source to Buyer's Facility.  Ammonia Pipeline allocation shall not constitute a Force Majeure event; provided, however, that a mechanical breakdown or any interruption of the Ammonia Pipeline may constitute a Force Majeure event.   For the duration of the Force Majeure event, if (i) Koch's deliveries of Product to Buyer are impeded due to a Force Majeure event, or (ii) the Ammonia Pipeline is allocated or curtailed, Koch shall have the right to apportion deliveries on a pro-rata basis (based up Koch's sales commitments or contracts) among Buyer, Koch's present and future customers (including regular customers not then under contract), and Koch or its Affiliates.  Notwithstanding any other provision of this Agreement, Koch shall not be required to (a) resume ammonia production at the KNC Facility or (b) to purchase Product from a third party, in either case, to remove a Force Majeure event.
   

XI. DEFAULT AND REMEDIES

	
Defaults by Buyer.   Upon the occurrence of any of the following events: (i) either KNI or KNC shall not have received any payment due from Buyer hereunder by the date such payment is due under this Agreement, and such failure shall remain uncured for a period of two (2) business days after written notice thereof; (ii) the failure of Buyer to perform any other obligation in this Agreement and such failure is not excused or cured within five (5) business days after written notice thereof; (iii) the occurrence of a Bankruptcy Event with respect to Buyer or its Affiliates; or (iv) the failure by any Performance Assurance provider of Buyer to perform any obligation of such Performance Assurance provider under any document executed and delivered in connection herewith, and such failure shall remain uncured for a period of three (3) business days after written notice thereof; then either KNI or KNC, in their sole discretion and without prior notice to Buyer, may do any one or more of the following: (a) suspend performance under the Agreement; (b) terminate the Agreement, whereby any and all obligations of Buyer, including payments due, will, at the option of Koch, become immediately due and payable; and/or (c) Set-off against any amount that Koch owes to Buyer under this Agreement.  If either KNI or KNC suspends performance and withholds delivery of the Product as permitted above, it may sell the Product to a third party and deduct from the proceeds of such sale the purchase price and all reasonable costs resulting from Buyer's default as identified above, including, without limitation, all costs associated with the transportation, storage, and sale of the Product.  The foregoing rights, which shall include, but not be limited to, specific performance, shall be cumulative and alternative and in addition to any other rights or remedies to which Koch may be entitled at law or in equity.  In addition, Koch shall be entitled to recover from Buyer all court costs, attorneys' fees and expenses incurred by Koch in connection with Buyer's default, and interest on past due amounts at the Default Rate.  "Set-off" means set-off, offset, combination of accounts, netting of dollar amounts of monetary obligations, right of retention or withholding or similar right to which Koch is entitled (whether arising under this Agreement, applicable law, or in equity) that is exercised by Koch.  "Bankruptcy Event" means the occurrence of any of the following events with respect to a Person: (i) filing of a petition or otherwise commencing, authorizing or acquiescing in the commencement of a proceeding or cause of action under any bankruptcy, insolvency, reorganization or similar law, or if any such petition is filed or commenced against it; (ii) making of an assignment or any general arrangement for the benefit of creditors; (iii) having a bankruptcy petition filed against it and such petition is not withdrawn or dismissed within sixty (60) days after such filing; (iv) otherwise becoming bankrupt or insolvent (however evidenced); (v) having a liquidator, administrator, custodian, receiver, trustee, conservator or similar official appointed with respect to it or any substantial portion of its property or assets; or (vi) being generally unable to pay its debts as they fall due.

	
Defaults by Koch.   Upon the occurrence of any of the following events: (i) the failure of Seller to perform any obligation in this Agreement and such failure is not excused or cured within ten (10) days after written notice thereof; provided, however, that Seller shall have an additional ten (10) day period (commencing immediately upon the expiration of the initial ten (10) day period) to cure such failure if Seller commences curative action within such ten (10) day period and proceeds diligently and in good faith thereafter to cure such failure until completion or (ii) a Bankruptcy Event with respect to Koch, then Buyer, in its sole discretion and without limitation, may terminate this Agreement, and Buyer's remedies shall be cumulative and alternative and in addition to any other rights or remedies to which Buyer may be entitled at law or in equity.   Subject to Article V, Section C,  if Buyer is the prevailing party in any action, litigation, or lawsuit against Seller for its default hereunder, Buyer shall be entitled to recover from Seller all court costs, attorneys' fees and expenses incurred by Buyer in connection with Seller's default hereunder, and interest on past due amounts at the Default Rate.  In addition to the foregoing, if: (i) Seller fails to perform a material obligation in this Agreement and (ii) Buyer notifies it in writing of such failure, then only while such failure remains uncured, Buyer may purchase Product from another Person and Buyer's Product Requirements shall be reduced by the amount of Product Buyer purchased from such other Person.

XII. RIGHTS NOT WAIVED
The waiver by either Party of any default of this Agreement by  another Party shall not be deemed to be a waiver of any successive or other default of this Agreement.  Each and every right, power and remedy may be excused from time to time and so often and in such order as may be deemed expedient by the Party, and the exercise of any such right, power or remedy shall not be deemed a waiver of the right to exercise at the same time or thereafter, any other right, power or remedy.

XIII. NOTICES
Any notices, requests or other communications required or permitted by any provision of this Agreement shall be in writing and shall be deemed delivered if delivered by hand, facsimile, national overnight courier service, or mailed by U.S. Postal Service, postage prepaid, by registered or certified mail, as follows:

If to KNI:

Koch Nitrogen International Sarl

P.O. Box 31359 SMB

Grand Cayman, Cayman Islands, B.W.I.

Attention: Jamil Toubassi, Managing Director

Fax:  (316) 828-9223

With copy to KNC:

Koch Nitrogen Company

4111 East 37th Street North

Wichita, Kansas 67220

Attention:  Randy J. Morris, Sr. VP Marketing

Fax:  (316) 828-4084

If to KNC:

Koch Nitrogen Company

4111 East 37th Street North

Wichita, Kansas 67220

Attention:  Randy J. Morris, Sr. VP Marketing

Fax:  (316) 828-4084

With copy to:

Koch Nitrogen Company

4111 East 37th Street North

Wichita, Kansas 67220

Attention:  Jeff Brenner, Legal Counsel 

Fax:  (316) 828-3133

If to Buyer:  

El Dorado Chemical Company

16 S. Pennsylvania

Oklahoma City, OK  73107

Attention:  Tony M. Shelby

Fax:  (405) 236-5067

With copy to:

El Dorado Chemical Company

16 S. Pennsylvania

Oklahoma City, OK  73107

Attn:  David Shear, General Counsel

Fax: (405) 236-1209

Any Party may change the address to which notices are given by mailing written notice thereof to the other Party as provided above.

XIV. ASSIGNMENT

No Party shall assign or delegate, or permit by assignment or delegation, by operation of law or otherwise, any of its rights and obligations under this Agreement to any Person without first obtaining the prior written consent of the other Parties, which consent shall not be unreasonably withheld, conditioned, delayed or denied.   Notwithstanding the foregoing, each Party shall be allowed to assign this Agreement to an Affiliate upon providing written notice to the other Parties, provided no such transfer shall operate to relieve the transferring Party of its obligations hereunder. Any assignment or delegation, or attempted assignment or delegation, in violation of this Article XIV shall be null and void, shall be considered a material breach of this Agreement, and shall permit the other Parties, in addition to any other rights which it may hereunder or at law or in equity, to terminate this Agreement and exercise any remedies available to the non-breaching Party hereunder or at law or in equity. 

XV. ENTIRE AGREEMENT; AMENDMENT

This Agreement shall supersede all prior negotiations, discussions, and dealings concerning the subject matter hereof, and shall constitute the entire agreement between KNI, KNC and Buyer concerning the subject matter hereof.  No Party shall claim any amendment, modification or release of any provisions hereof unless the same is in writing and such writing: (i) specifically refers to this Agreement; (ii) specifically identifies the term amended; and (iii) is signed by duly authorized representatives of KNI, KNC and Buyer.  

XVI. CONFIDENTIALITY

Except (i) as may be agreed to in writing on a case by case basis, (ii) for communications between Buyer and Orica USA, Inc., (iii) as may be necessary to perform its obligations herein, or (iv) as required by law, both Parties shall maintain in confidence all information concerning costs and price to be disclosed in connection with the other's performance under this Agreement.  Such information shall be disclosed to no one other than officers and other employees who need to know the same in connection with performance under this Agreement, and such officers and other employees shall be advised of the confidential nature of such information, or when disclosure is required by law.  The Parties shall take all proper precautions to prevent such information from being acquired by any unauthorized person or entity.

XVII. ARTICLE AND SECTION HEADINGS

Article and section headings are for the convenience of the Parties and are not considered parts of this Agreement, it being stipulated that any headings in conflict with the substantive provisions of this Agreement shall have no force and effect.

XVIII. GOVERNING LAW; NO JURY TRIAL

The Agreement and its execution, performance, interpretation, construction and enforcement shall be governed by the law, both procedural and substantive, of the State of Kansas, without regard to its conflicts of law rules.  No course of dealing, course of performance, or usage of trade shall be considered in the interpretation or enforcement of this Agreement.  Any action or proceeding between Seller and Buyer relating to this Agreement shall be commenced and maintained exclusively in the State of Kansas or in the Federal courts governing Kansas, and each Party submits itself unconditionally and irrevocably to the personal jurisdiction of such courts.  EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION, CLAIM OR PROCEEDING RELATING TO THIS AGREEMENT. 

  XIX.   SEVERABILITY

The provisions of this Agreement are severable and, if any provisions are determined to be void or unenforceable in whole or in part, the remaining provisions shall remain unaffected and shall be binding and enforceable in accordance with the terms hereof.
XX.    MISCELLANEOUS

A. Additional Rules of
       Interpretation and Construction.

  
    1. No Construction Against Draftsman.  No implications or inferences shall be drawn from the deletion of or addition to the terms of previous drafts of this Agreement.  Koch and Buyer acknowledge that each has had the opportunity to participate in the preparation of this Agreement and, therefore, in the event of any ambiguity in, or controversy with respect to the meaning of, any term or provision contained in this Agreement, no presumption or inference shall be drawn against any Party in the interpretation of this Agreement by reason of the participation by such Party or its attorneys in the preparation of this Agreement.

    

2. Gender. Words of any gender in this Agreement shall include the other gender, and words in the singular number shall include the plural, when the context requires.

3.  Days.  The term "days", as used herein, shall mean actual days occurring, including, Saturdays, Sundays and national holidays.  The term "business days" shall mean days other than Saturdays, Sundays and national holidays.
  

3. Counterparts.  This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which executed counterparts together shall constitute one agreement.

  

B. Binding Effect.  Without limitation of the foregoing, this Agreement shall inure to the benefit of and be
binding upon

KNI, KNC and Buyer, including their respective  successors and assigns.

C. Brokers.  Any commissions, fees and expenses in connection with any broker or agent retained by Koch shall be the sole responsibility of Koch.  Any commissions, fees and expenses in connection with any broker or agent retained by Buyer shall be the sole responsibility of Buyer.

D. Independent Contractors.  Koch and Buyer are independent contractors only and are not partners, master/servant, principal/agent or involved herein as parties to any other similar legal relationship with respect to the transactions contemplated under this Agreement or otherwise, and no fiduciary, trust, or advisor relationship, nor any other relationship imposing vicarious liability shall exist between the parties under this Agreement or otherwise at law.

E.  No Third Party Beneficiaries.  This Agreement is solely for the benefit of, and shall inure to the benefit of, Buyer, KNI and KNC, and shall not otherwise be deemed to confer upon or give to any third party any right, claim, cause of action or other interest herein.

F. Survival of Terms and Conditions.  This Agreement, and all covenants, promises, agreements, conditions, warranties, representations and understandings contained herein, or contained in any modification, change or amendment of this Agreement pursuant to Article XV hereof, shall survive the termination or expiration of the term of this Agreement for purposes of enforcement of rights occurring prior to such termination or expiration.

[signature page to follow]

IN WITNESS WHEREOF, the Parties have executed this Agreement to be effective on the Effective Date by their respective officers thereunto duly authorized.

            
      KOCH NITROGEN INTERNATIONAL SARL

By: /s/  Jamil Toubassi           

      Title: Attorney in
Fact            

      
KOCH NITROGEN COMPANY

      By: /s/ Randy 
Morris               

      Title:  Senior
Vice President Marketing

      EL DORADO CHEMICAL COMPANY

      By: /s/ Paul
Rydlund             

      Title:  
President               

 

[SIGNATURE PAGE]

EXHIBIT 1

Examples of how the CFR Tampa Low Price is calculated in Article I, Section G is as follows:

          Fertecon Ammonia Report FMB Weekly Fertilizer Report
                

      *** [Redacted Text]
 

     *** [Redacted Text] *** [Redacted Text]
  

	
Publication Date  
	
*** [Redacted Text]
	
*** [Redacted Text]

	
December 4, 2003
	
*** [Redacted Text]
	
*** [Redacted Text]

	
December 11, 2003
	
*** [Redacted Text]
	
*** [Redacted Text]

	
December 18, 2003
	
*** [Redacted Text]
	
*** [Redacted Text]

	
December 25, 2003
	
*** [Redacted Text]
	
*** [Redacted Text]

  Delivery Dates             Publication Date Used                *** [Redacted Text]  

 December 1 to 7, 2003       December  4, 2003                  *** [Redacted Text]

 December 8 to 14, 2003        December 11, 2003                 *** [Redacted Text]

 December 15 to 21, 2003       December 18, 2003                 *** [Redacted Text]

 December 22 to 28, 2003       December 18, 2003                 *** [Redacted Text]

All prices in the above example are stated as a dollar ($) per metric ton price.

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