Document:

EX-10.49

 

Exhibit 10.49

EXECUTION COPY

UNSECURED CREDIT AND GUARANTY AGREEMENT

dated as of August 23, 2007

among

COFFEYVILLE RESOURCES, LLC,

COFFEYVILLE PIPELINE, INC.,

COFFEYVILLE REFINING & MARKETING, INC.,

COFFEYVILLE NITROGEN FERTILIZERS, INC.,

COFFEYVILLE CRUDE TRANSPORTATION, INC.,

COFFEYVILLE TERMINAL, INC.,

CL JV HOLDINGS, LLC,

as Holdings,

CERTAIN SUBSIDIARIES OF HOLDINGS,

as Guarantors,

VARIOUS LENDERS

and

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger, Sole Bookrunner

and Administrative Agent

 

$25,000,000 Senior Unsecured Credit Facility

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINITIONS AND INTERPRETATION
	 	 	1	 
	1.1. Definitions
	 	 	1	 
	1.2. Accounting Terms
	 	 	29	 
	1.3. Interpretation, etc
	 	 	30	 
	 
	 	 	 	 
	SECTION 2. LOANS
	 	 	30	 
	2.1. Term Loans
	 	 	30	 
	2.2. [Reserved]
	 	 	31	 
	2.3. [Reserved]
	 	 	31	 
	2.4. [Reserved]
	 	 	31	 
	2.5. Pro Rata Shares; Availability of Funds
	 	 	31	 
	2.6. Use of Proceeds
	 	 	32	 
	2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes
	 	 	32	 
	2.8. Interest on Loans
	 	 	33	 
	2.9. Conversion/Continuation
	 	 	34	 
	2.10. Default Interest
	 	 	34	 
	2.11. Fees
	 	 	35	 
	2.12. Repayment
	 	 	35	 
	2.13. Voluntary Prepayments
	 	 	35	 
	2.14. Mandatory Prepayments
	 	 	36	 
	2.15. Application of Prepayments
	 	 	37	 
	2.16. General Provisions Regarding Payments
	 	 	37	 
	2.17. Ratable Sharing
	 	 	39	 
	2.18. Making or Maintaining Eurodollar Rate Loans
	 	 	39	 
	2.19. Increased Costs; Capital Adequacy
	 	 	41	 
	2.20. Taxes; Withholding, etc
	 	 	42	 
	2.21. Obligation to Mitigate
	 	 	45	 
	2.22. [Reserved]
	 	 	46	 
	2.23. Removal or Replacement of a Lender
	 	 	46	 
	 
	 	 	 	 
	SECTION 3. CONDITIONS PRECEDENT
	 	 	47	 
	3.1. Closing Date
	 	 	47	 
	3.2. Conditions to the Credit Extension
	 	 	49	 
	 
	 	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	50	 
	4.1. Organization; Requisite Power and Authority; Qualification
	 	 	50	 
	4.2. Capital Stock and Ownership
	 	 	50	 
	4.3. Due Authorization
	 	 	50	 
	4.4. No Conflict
	 	 	50	 
	4.5. Governmental Consents
	 	 	51	 
	4.6. Binding Obligation
	 	 	51	 
	4.7. Historical Financial Statements
	 	 	51	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	4.8. Projections
	 	 	52	 
	4.9. No Material Adverse Change
	 	 	52	 
	4.10. No Restricted Junior Payments
	 	 	52	 
	4.11. Adverse Proceedings, etc
	 	 	52	 
	4.12. Payment of Taxes
	 	 	52	 
	4.13. Properties
	 	 	52	 
	4.14. Environmental Matters
	 	 	53	 
	4.15. No Defaults
	 	 	55	 
	4.16. Material Contracts
	 	 	55	 
	4.17. Governmental Regulation
	 	 	55	 
	4.18. Margin Stock
	 	 	55	 
	4.19. Employee Matters
	 	 	56	 
	4.20. Employee Benefit Plans
	 	 	56	 
	4.21. Certain Fees
	 	 	57	 
	4.22. Solvency
	 	 	57	 
	4.23. Related Agreements
	 	 	57	 
	4.24. Compliance with Statutes, etc
	 	 	57	 
	4.25. Disclosure
	 	 	57	 
	4.26. Patriot Act
	 	 	58	 
	4.27. First Buyer
	 	 	58	 
	 
	 	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	58	 
	5.1. Financial Statements and Other Reports
	 	 	58	 
	5.2. Existence
	 	 	63	 
	5.3. Payment of Taxes and Claims
	 	 	63	 
	5.4. Maintenance of Properties
	 	 	64	 
	5.5. Insurance
	 	 	64	 
	5.6. Books and Records; Inspections
	 	 	65	 
	5.7. Lenders Meetings
	 	 	65	 
	5.8. Compliance with Laws
	 	 	65	 
	5.9. Environmental
	 	 	65	 
	5.10. Subsidiaries
	 	 	69	 
	5.11. [Reserved]
	 	 	70	 
	5.12. Interest Rate Protection
	 	 	70	 
	5.13. Swap Agreement
	 	 	70	 
	5.14. Further Assurances
	 	 	70	 
	5.15. Miscellaneous Business Covenants
	 	 	70	 
	5.16. [Reserved]
	 	 	70	 
	5.17. Refinery Revenue Bonds
	 	 	70	 
	5.18. Syndication
	 	 	71	 
	 
	 	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	73	 
	6.1. Indebtedness
	 	 	73	 
	6.2. Liens
	 	 	75	 
	6.3. [Reserved]
	 	 	77	 
	6.4. No Further Negative Pledges
	 	 	77	 
	6.5. Restricted Junior Payments
	 	 	77	 

iii

 

	 	 	 	 	 
	 	 	Page	 
	6.6. Restrictions on Subsidiary Distributions
	 	 	79	 
	6.7. Investments
	 	 	80	 
	6.8. Financial Covenants
	 	 	82	 
	6.9. Fundamental Changes; Disposition of Assets; Acquisitions
	 	 	84	 
	6.10. Disposal of Subsidiary Interests
	 	 	86	 
	6.11. Sales and Lease-Backs
	 	 	86	 
	6.12. Transactions with Shareholders and Affiliates
	 	 	87	 
	6.13. Conduct of Business
	 	 	87	 
	6.14. Permitted Activities of Holdings
	 	 	87	 
	6.15. Amendments or Waivers of Certain Related Agreements
	 	 	88	 
	6.16. Additional Restricted Payments
	 	 	88	 
	6.17. Fiscal Year
	 	 	88	 
	6.18. [Reserved]
	 	 	88	 
	6.19. [Reserved]
	 	 	88	 
	6.20. Maximum Amount of Hedged Production
	 	 	88	 
	 
	 	 	 	 
	SECTION 7. GUARANTY
	 	 	89	 
	7.1. Guaranty of the Obligations
	 	 	89	 
	7.2. Contribution by Guarantors
	 	 	89	 
	7.3. Payment by Guarantors
	 	 	90	 
	7.4. Liability of Guarantors Absolute
	 	 	90	 
	7.5. Waivers by Guarantors
	 	 	92	 
	7.6. Guarantors’ Rights of Subrogation, Contribution, etc
	 	 	93	 
	7.7. Subordination of Other Obligations
	 	 	93	 
	7.8. Continuing Guaranty
	 	 	94	 
	7.9. Authority of Guarantors or Company
	 	 	94	 
	7.10. Financial Condition of Company
	 	 	94	 
	7.11. Bankruptcy, etc
	 	 	94	 
	7.12. Discharge of Guaranty Upon Sale of Guarantor
	 	 	95	 
	 
	 	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	95	 
	8.1. Events of Default
	 	 	95	 
	 
	 	 	 	 
	SECTION 9. AGENTS
	 	 	98	 
	9.1. Powers and Duties
	 	 	98	 
	9.2. General Immunity
	 	 	99	 
	9.3. Agents Entitled to Act as Lender
	 	 	100	 
	9.4. Lenders’ Representations, Warranties and Acknowledgment
	 	 	100	 
	9.5. Right to Indemnity
	 	 	101	 
	9.6. Successor Administrative Agent
	 	 	101	 
	9.7. Guaranty
	 	 	102	 
	 
	 	 	 	 
	SECTION 10. MISCELLANEOUS
	 	 	102	 
	10.1. Notices
	 	 	102	 
	10.2. Expenses
	 	 	104	 
	10.3. Indemnity
	 	 	104	 
	10.4. Set-Off
	 	 	105	 

iv

 

	 	 	 	 	 
	 	 	Page	 
	10.5. Amendments and Waivers
	 	 	105	 
	10.6. Successors and Assigns; Participations
	 	 	107	 
	10.7. Independence of Covenants
	 	 	110	 
	10.8. Survival of Representations, Warranties and Agreements
	 	 	110	 
	10.9. No Waiver; Remedies Cumulative
	 	 	110	 
	10.10. Marshalling; Payments Set Aside
	 	 	111	 
	10.11. Severability
	 	 	111	 
	10.12. Obligations Several; Independent Nature of Lenders’ Rights
	 	 	111	 
	10.13. Headings
	 	 	111	 
	10.14. APPLICABLE LAW
	 	 	111	 
	10.15. CONSENT TO JURISDICTION
	 	 	112	 
	10.16. WAIVER OF JURY TRIAL
	 	 	112	 
	10.17. Confidentiality
	 	 	113	 
	10.18. Usury Savings Clause
	 	 	113	 
	10.19. Counterparts
	 	 	114	 
	10.20. Effectiveness
	 	 	114	 
	10.21. Patriot Act
	 	 	114	 
	10.22. Electronic Execution of Assignments
	 	 	114	 
	10.23. No Fiduciary Duty
	 	 	114	 

v

 

	 	 	 	 	 	 	 
	APPENDICES:

	 	 	A	 	 	Term Loan Commitments
	 

	 	 	B	 	 	Notice Addresses
	 
	SCHEDULES:

	 	 	4.1	 	 	Jurisdictions of Organization and Qualification
	 

	 	 	4.2	 	 	Capital Stock and Ownership
	 

	 	 	4.11	 	 	Adverse Proceedings
	 

	 	 	4.13	 	 	Real Estate Assets
	 

	 	 	4.14	 	 	Environmental Matters
	 

	 	 	4.16	 	 	Material Contracts
	 

	 	 	6.1	 	 	Certain Indebtedness
	 

	 	 	6.2	 	 	Certain Liens
	 

	 	 	6.7	 	 	Certain Investments
	 

	 	 	6.12	 	 	Certain Affiliate Transactions
	 
	EXHIBITS:

	 	 	A-1	 	 	Funding Notice
	 

	 	 	A-2	 	 	Conversion/Continuation Notice
	 

	 	 	B	 	 	Term Loan Note
	 

	 	 	C	 	 	Compliance Certificate
	 

	 	 	D	 	 	Opinions of Counsel
	 

	 	 	E	 	 	Assignment Agreement
	 

	 	 	F	 	 	Certificate Re Non-bank Status
	 

	 	 	G-1	 	 	Closing Date Certificate
	 

	 	 	G-2	 	 	Solvency Certificate
	 

	 	 	H	 	 	Counterpart Agreement
	 

	 	 	I-1	 	 	GS Capital Partners Guaranty
	 

	 	 	I-2	 	 	Kelso & Company Guaranty

vi

 

SECURED CREDIT AND GUARANTY AGREEMENT

          This SECURED CREDIT AND GUARANTY AGREEMENT, dated as of August 23, 2007 is entered into by and
among COFFEYVILLE RESOURCES, LLC, a Delaware limited liability company (“Company”), COFFEYVILLE
PIPELINE, INC., a Delaware corporation (“Pipeline”), COFFEYVILLE REFINING & MARKETING, INC., a
Delaware corporation (“Refining”), COFFEYVILLE NITROGEN FERTILIZERS, INC., a Delaware corporation
(“Fertilizers”), COFFEYVILLE CRUDE TRANSPORTATION, INC., a Delaware corporation (“Transportation”),
COFFEYVILLE TERMINAL, INC., a Delaware corporation (“Terminal”), CL JV HOLDINGS, LLC, a Delaware
limited liability company (“CL JV” and together with Pipeline, Refining, Fertilizers,
Transportation and Terminal, collectively, “Holdings”) and CERTAIN SUBSIDIARIES OF HOLDINGS, as
Guarantors, the Lenders party hereto from time to time, and GOLDMAN SACHS CREDIT PARTNERS L.P.
(“GSCP”), as Sole Lead Arranger and Sole Bookrunner (in such capacity, collectively, the
“Arranger”) and as Administrative Agent (together with its permitted successors in such capacity,
“Administrative Agent”).

RECITALS:

     WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth
for such terms in Section 1.1 hereof;

     WHEREAS, Company has requested the Lenders to extend credit hereunder in the form of Term
Loans to be established on the Closing Date in an aggregate principal amount of $25,000,000. The
proceeds of the Term Loans will be used for working capital requirements and other general
corporate purposes of the Company;

     WHEREAS, the Lenders are willing to extend such credit on the terms and subject to the
conditions set forth herein; and

     WHEREAS, Guarantors have agreed to guarantee the obligations of Company hereunder and such
guarantee shall be unsecured.

     NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree as follows:

SECTION 1. DEFINITIONS AND INTERPRETATION

     1.1. Definitions. The following terms used herein, including in the preamble, recitals,
exhibits and schedules hereto, shall have the following meanings:

          “2006 Carryover” means the difference between $260,000,000 and the amount spent by the Company
or any of its Subsidiaries on Capital Expenditures during Fiscal Year 2006.

 

 

          “Acquisition III LLC” means Coffeyville Acquisition III LLC, a Delaware limited liability
company, which shall be majority-owned by the Sponsors and certain members of management of CVR.

          “AcquisitionCo” means Coffeyville Acquisition LLC, a Delaware limited liability company.

          “Actual Production” means, as of any date of determination, Company’s and the Guarantors’
estimated future production of refined products based on the actual production of refined products
for the three month period immediately preceding such date of determination.

          “Adjusted Eurodollar Rate” means, with respect to any Eurodollar Rate Loan for any Interest
Period, an interest rate per annum equal to the product of (a) LIBOR in effect for such Interest
Period and (b) Applicable Reserve Requirement.

          “Administrative Agent” as defined in the preamble hereto.

          “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or
otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of any
of Holdings or any of their respective Subsidiaries) at law or in equity, or before or by any
Governmental Authority, domestic or foreign, whether pending or, to the knowledge of any of
Holdings or any of their respective Subsidiaries, threatened against or affecting any of Holdings
or any of their respective Subsidiaries or any property of any of Holdings or any of their
Subsidiaries.

          “Affected Lender” as defined in Section 2.18(b).

          “Affected Loans” as defined in Section 2.18(b).

          “Affiliate” means, as applied to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, that Person. For the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled
by” and “under common control with”), as applied to any Person, means the possession, directly or
indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for
the election of directors of such Person or (ii) to direct or cause the direction of the management
and policies of that Person, whether through the ownership of voting securities or by contract or
otherwise; provided, however, that GSCP shall not be considered an affiliate of Holdings.

          “Agent” means each of Administrative Agent.

          “Aggregate Amounts Due” as defined in Section 2.17.

          “Aggregate Payments” as defined in Section 7.2.

          “Agreement” means this Unsecured Credit and Guaranty Agreement, dated as of August 23, 2007,
as it may be amended, restated, supplemented or otherwise modified from time to time.

2

 

          “Applicable Margin” means (a) with respect to the Term Loans that are Eurodollar Rate Loans,
2.00% per annum; and (b) with respect to the Term Loans that are Base Rate Loans, an amount equal
to (i) the Applicable Margin for Eurodollar Rate Loans as set forth in clause (a) above minus (ii)
1.00% per annum.

          “Applicable Reserve Requirement” means, at any time, for any Eurodollar Rate Loan, the maximum
rate, expressed as a decimal, at which reserves (including, without limitation, any basic marginal,
special, supplemental, emergency or other reserves) are required to be maintained with respect
thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under
regulations issued from time to time by the Board of Governors of the Federal Reserve System or
other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable
Reserve Requirement shall reflect any other reserves required to be maintained by such member banks
with respect to (i) any category of liabilities which includes deposits by reference to which the
applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined, or
(ii) any category of extensions of credit or other assets which include Eurodollar Rate Loans. A
Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities. The rate of interest
on Eurodollar Rate Loans shall be adjusted automatically on and as of the first day of the relevant
Interest Period following the effective date of any change in the Applicable Reserve Requirement.

          “Arranger” as defined in the preamble hereto.

          “Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback,
assignment, conveyance, transfer or other disposition to, or any exchange of property with, any
Person (other than Holdings, Company or any Guarantor Subsidiary), in one transaction or a series
of transactions, of all or any part of any of Holdings’ or any of their respective Subsidiaries’
businesses, assets or properties of any kind, whether real, personal, or mixed and whether tangible
or intangible, whether now owned or hereafter acquired, including, without limitation, the Capital
Stock of any of Company’s Subsidiaries, other than (i) inventory or other assets sold, leased or
subleased, assigned, conveyed, transferred or disposed (including bulk sales or leases) in the
ordinary course of business (excluding any such sales by operations or divisions discontinued or to
be discontinued), (ii) the sale, assignment, conveyance, transfer, disposition or other transfer of
accounts receivable (only in connection with the compromise thereof) in the ordinary course of
business and disposals or replacements of damaged, worn-out or obsolete assets or assets no longer
useful in the business, (iii) any sale or disposition deemed to occur in connection with creating,
granting or exercising remedies, including foreclosure, in respect of any Liens permitted pursuant
to Section 6.2, (iv) any transfer of property or assets or issuance of Capital Stock that
constitutes a Restricted Junior Payment permitted by Section 6.5 or Investment permitted to be made
by Section 6.7, (v) the sale or other disposition of cash or Cash Equivalents in the ordinary
course of business, (vi) the termination in the ordinary course of business of any Hedging
Agreement (excluding the Swap Agreement) permitted to be entered into hereunder and otherwise
permitted to be terminated hereunder and (vii) sales of other assets for aggregate consideration of
less than $2,000,000 in the aggregate during any Fiscal Year.

          “Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form
of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent.

3

 

          “Assignment Effective Date” as defined in Section 10.6(b).

          “Authorized Officer” means, as applied to any Person, any individual holding the position of
chairman of the board (if an officer), chief executive officer, president or one of its vice
presidents (or the equivalent thereof), and such Person’s chief financial officer or treasurer.

          “Available Amount” means, on any date (the “Reference Date”), an amount equal at such time to
(a) the sum of, without duplication, (i) at any time after the Term Loan Repayment Amount is at
least $100,000,000 (which amounts may include amounts received from an IPO) and there are no
outstanding New Term Loans, (x) the cumulative amount of Consolidated Excess Cash Flow for all
Fiscal Years completed after the Effective Date and prior to the Reference Date, but excluding
Fiscal Year 2006, minus (y) the portion of such Consolidated Excess Cash Flow that has been
applied, or will be required to be applied, to the prepayment of Loans in accordance with Section
2.14(d) of the Existing Credit Agreement after the Effective Date and on or prior to the Reference
Date and (ii) the amount of any capital contributions (other than capital contributions made
pursuant to Section 6.8(e) or from proceeds of the Parent Credit Agreement) in cash to Holdings
directly or indirectly from Parent after the Effective Date and on or prior to the Reference Date,
including contributions with the proceeds from any issuance of equity securities by Holdings, but
excluding proceeds of an IPO used to prepay the Loans pursuant to Section 2.14, minus (b)
the aggregate amount of Investments, Capital Expenditures and Permitted Acquisitions made by
Holdings or any of its Subsidiaries after the Effective Date and on or prior to the Reference Date
from the Available Amount as of such Reference Date pursuant to Sections 6.7(p) and 6.8(c) and
Section 6.9(h) of the Existing Credit Agreement minus (c) the aggregate amount of payments
made after the Effective Date and on or prior to the Reference Date from the Available Amount as of
such Reference Date pursuant to Sections 6.5(a)(vii) and 6.5(a)(viii) of the Existing Credit
Agreement and Section 6.5(c).

          “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute.

          “Base Rate” means, for any day, a base rate calculated as a fluctuating rate per annum as
shall be in effect from time to time, equal to the greatest of:

	 	(a)	 	the Prime Rate in effect on such day;
	 
	 	(b)	 	the Federal Funds Effective Rate on such day plus 1/2 of 1%; and

          As used in this definition, the term “Prime Rate” means the rate of interest per annum
announced from time to time by the Administrative Agent as its prime rate in effect at its
principal office in New York City. If for any reason the Administrative Agent shall have
determined (which determination shall be conclusive absent manifest error) that it is unable to
ascertain the Federal Funds Effective Rate, for any reason, including the inability or failure of
the Administrative Agent to obtain sufficient quotation in accordance with the terms hereof, the
Base Rate shall be determined with out regard to clause (b) above until the circumstances giving
rise to such inability no longer exist. Any change in the Base Rate due to a change in the Prime

4

 

Rate or the Federal Funds Effective Rate shall be effective as of the effective day of such
change in the Prime Rate or the Federal Funds Effective Rate, respectively.

          “Base Rate Loan” means a Loan bearing interest at a rate determined by reference to the Base
Rate.

          “Beneficiary” means Administrative Agent and each Lender.

          “Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal
holiday under the laws of the State of New York or is a day on which banking institutions located
in such state are authorized or required by law or other governmental action to close and (ii) with
respect to all notices, determinations, fundings and payments in connection with the Adjusted
Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” shall mean any day which is a
Business Day described in clause (i) and which is also a day for trading by and between banks in
Dollar deposits in the London interbank market.

          “Capital Lease” means, as applied to any Person, any lease of any property (whether real,
personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be
accounted for as a capital lease on the balance sheet of that Person.

          “Capital Stock” means any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation), including, without limitation, partnership interests and
membership interests, and any and all warrants, rights or options to purchase or other arrangements
or rights to acquire any of the foregoing.

          “Cash” means money, currency or a credit balance in any demand or Deposit Account.

          “Cash Equivalents” means, as at any date of determination, (i) marketable securities (a)
issued or directly and unconditionally guaranteed as to interest and principal by the United States
Government or (b) issued by any agency of the United States the obligations of which are backed by
the full faith and credit of the United States, in each case maturing within one year after such
date; (ii) marketable direct obligations issued by any state of the United States of America or any
political subdivision of any such state or any public instrumentality thereof, in each case
maturing within one year after such date and having, at the time of the acquisition thereof, a
rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing no
more than one year from the date of creation thereof and having, at the time of the acquisition
thereof, a rating of at least A-1 from S&P at least P-1 from Moody’s; (iv) certificates of deposit
or bankers’ acceptances maturing within one year after such date and issued or accepted by any
Lender or by any commercial bank organized under the laws of the United States of America or any
state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined
in the regulations of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined
in such regulations) of not less than $100,000,000; (v) shares of any money market mutual fund that
(a) has substantially all of its assets invested continuously in the types of investments referred
to in clauses (i), (ii) and (vi), (b) has net assets of not less than $500,000,000, and (c) has the
highest rating obtainable from either S&P or

5

 

Moody’s; (vi) fully collateralized repurchase agreements with a term of not more than 30 days
for underlying securities of the type described in clauses (i), (ii) and (v) above entered into
with any bank meeting the qualifications specified in clause (v) above or securities dealers of
recognized national standing; and (vii) customary overnight sweep investment instruments entered
into in the ordinary course of business with Wachovia, as cash management bank, or any successor
cash management bank.

          “Certificate re Non-Bank Status” means a certificate substantially in the form of Exhibit F.

          “Change of Control” means, at any time, (i) (x) prior to an IPO, Sponsors shall cease to
beneficially own and control at least at least 35% on a fully diluted basis of the economic
interest in the Capital Stock of Parent and at least 51% on a fully diluted basis of the voting
interests in the Capital Stock of Parent and (y) after a registered initial public offering of the
Capital Stock of Parent, Sponsors shall cease to beneficially own and control, directly or
indirectly, on a fully diluted basis at least 35% of the economic and voting interests in the
Capital Stock of Parent (it being understood any one or more of the Sponsors may individually or
collectively satisfy the minimum ownership and control requirements of this clause (i)); (ii) any
Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than
any one or more of the Sponsors (a) shall have acquired beneficial ownership of 35% or more on a
fully diluted basis of the voting and/or economic interest in the Capital Stock of Parent, in the
aggregate, and the percentage voting and/or economic interest voting and/or economic interest
acquired by such Person or “group” exceeds, in the aggregate, the percentage of voting and/or
economic interest voting and/or economic interest owned by Sponsors or (b) shall have obtained the
power (whether or not exercised) to elect a majority of the members of the board of directors (or
similar governing body) of any of Parent; (iii) Parent shall cease to beneficially own and control,
directly or indirectly (including through any of Holdings), 100% on a fully diluted basis of the
economic and voting interest in the Capital Stock of Company; (iv) Holdings (on a collective basis)
shall cease to beneficially own and control 100% on a fully diluted basis of the economic and
voting interest in the Capital Stock of Company; or (v) the majority of the seats (other than
vacant seats) on the board of directors (or similar governing body) of Parent cease to be occupied
by Persons who either (a) were members of the board of directors (or similar governing body) of
Parent on the Effective Date or (b) were nominated for election by the board of directors (or
similar governing body) of Parent, a majority of whom were directors on the Effective Date or whose
election or nomination for election was previously approved by a majority of such directors.

          “CL JV” as defined in the preamble hereto.

          “Closing Date” means the date on which the Term Loans are made.

          “Closing Date Certificate” means a Closing Date Certificate substantially in the form of
Exhibit G-1.

          “Closing Date Mortgaged Property” as defined in the Existing Credit Agreement.

6

 

          “Commodity Agreement” means any commodity exchange, swap, forward, cap, floor collar or other
similar agreement or arrangement, including the Swap Agreement, each of which is for the purpose of
hedging the exposure of Company and the Guarantors to fluctuations in the price of nitrogen
fertilizers, hydrocarbons and refined products in their operations and not for speculative
purposes.

          “Company” as defined in the preamble hereto.

          “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit
C.

          “Consent Decree” means the Consent Decree entered into by the United States of America, the
Kansas Department of Health and Environment ex rel State of Kansas, Coffeyville Resources Refining
& Marketing, LLC, and Coffeyville Resources Terminal, LLC that was lodged with the United States
District Court for the District of Kansas on March 4, 2004 and was subject to public comment until
March 18, 2004, including any subsequent amendments thereto.

          “Consolidated Adjusted EBITDA” means, for any period, an amount determined for Company and its
Subsidiaries on a consolidated basis equal to (i) the sum, without duplication, of the amounts for
such period of (a) Consolidated Net Income, (b) Consolidated Interest Expense, (c) provisions for
taxes based on income, (d) total depreciation expense, (e) total amortization expense, (f) other
non-Cash items reducing Consolidated Net Income (excluding any such non-Cash item to the extent
that it represents an accrual or reserve for potential Cash items in any future period or
amortization of a prepaid Cash item that was paid in a prior period; provided, for the
avoidance of doubt, this exclusion shall not include the following non-cash items to the extent
they are not specifically linked to an accrual or reserve for a potential Cash item in any future
period or amortization of a prepaid Cash item that was paid in a prior period: (1) compensation
charge arising from the grant of or issuance of stock, stock options or other equity based awards,
(2) non-cash impact attributable to the application of the purchase method of accounting in
accordance with GAAP, (3) non-cash gain or loss, together with any related provision for taxes on
such gain or loss, realized in connection with: (i) any sale or other disposition of assets or (ii)
the disposition of any securities by such Person or any of its Subsidiaries or the extinguishment
of any Indebtedness of such Person or any of its Subsidiaries, (4) unrealized gains and losses
arising out of derivative transactions and (5) any impairment charge or asset write-off pursuant to
Financial Accounting Standards Board Statement No. 142 and No. 144 and the amortization of
intangibles arising pursuant to No. 141), (g) any fees and expenses related to the Acquisition and
Permitted Acquisitions, to the extent reducing Consolidated Net Income for such period, (h) any
non-recurring expenses or charges incurred in connection with any issuance of Indebtedness, equity
securities or any refinancing transaction, (i) management fees to the extent permitted by Section
6.5(a)(v), (j) any unusual or non-recurring charges during any period properly classified as such
on the balance sheet of Company in conformity with GAAP in an aggregate amount not to exceed 7.5%
of the amount of Consolidated Adjusted EBITDA prior to the adjustment provided for in this clause
(j) as determined in such period, (k) any net after-tax loss from disposed or discontinued
operations and any net after-tax losses on disposal of disposed or discontinued operations, (l) any
incremental property taxes related to abatement non-renewal, (m) any losses reducing Consolidated
Net Income attributable to minority equity interests in Company or any of its

7

 

Subsidiaries and (n) Major Scheduled Turnaround Expenses for any fiscal periods after the
Closing Date, minus (ii) the sum, without duplication, of the amounts for such period of
(a) other non-Cash items increasing Consolidated Net Income (excluding any such non-Cash item to
the extent it represents the reversal of an accrual or reserve for potential Cash item in any prior
period) and (b) any income increasing Consolidated Net Income attributable to minority equity
interests in Company or any of its Subsidiaries.

          “Consolidated Capital Expenditures” means, for any period, the aggregate of all expenditures
of Company and its Subsidiaries during such period determined on a consolidated basis that, in
accordance with GAAP, are or should be included in “purchase of property and equipment” or similar
items reflected in the consolidated statement of cash flows of Company and its Subsidiaries;
provided that, solely for purposes of Section 6.8(c), the term “Consolidated Capital
Expenditures” shall not include (a) the purchase of plant, property or equipment made within one
year (or within eighteen months if a binding agreement to reinvest is entered into within twelve
months) of the sale of any asset to the extent purchased with the proceeds of such sale made
pursuant to and in accordance with Section 2.14(a) of the Existing Credit Agreement, (b) the
purchase of plant, property or equipment made within one year (or within eighteen months if a
binding agreement to reinvest is entered into within twelve months) of the receipt of insurance or
condemnation proceeds the extent purchased with such insurance or condemnation proceeds pursuant to
and in accordance with Section 2.14(b) of the Existing Credit Agreement, or (c) any capital
expenditures deemed to be made as part of a Permitted Acquisition.

          “Consolidated Cash Interest Expense” means, for any period, Consolidated Interest Expense for
such period, excluding any amount not payable in Cash.

          “Consolidated Current Assets” means, as at any date of determination, the total assets of
Company and its Subsidiaries on a consolidated basis that may properly be classified as current
assets in conformity with GAAP, excluding Cash and Cash Equivalents and the current portion of
deferred income taxes.

          “Consolidated Current Liabilities” means, as at any date of determination, the total
liabilities of Company and its Subsidiaries on a consolidated basis that may properly be classified
as current liabilities in conformity with GAAP, excluding the current portion of long term debt and
the current portion of deferred income taxes.

          “Consolidated Excess Cash Flow” means, for any period, an amount (if positive) equal to: (i)
the sum, without duplication, of the amounts for such period of (a) Consolidated Adjusted EBITDA,
plus (b) the Consolidated Working Capital Adjustment, plus (c) extraordinary Cash
gains excluded from Consolidated Adjusted EBITDA, plus (d) net decreases in cash required
to be on deposit with counterparties pursuant to outstanding derivative instruments permitted
hereunder, minus (ii) the sum, without duplication, of the amounts for such period of (a)
scheduled repayments of Consolidated Total Debt (excluding (i) repayments of Revolving Loans or
Swing Line Loans except to the extent the Revolving Commitments are permanently reduced in
connection with such repayments and (ii) the repayment of Existing Tranche C Term Loans on the
Effective Date), (b) Consolidated Capital Expenditures ((x) excluding any Consolidated Capital
Expenditures funded through the utilization of the Available

8

 

Amount, and (y) net of any proceeds of (1) any related financings with respect to such
Consolidated Capital Expenditures and (2) any sales of assets used to finance such Consolidated
Capital Expenditures), (c) Consolidated Cash Interest Expense, (d) provisions for current taxes of
Holdings, Company and its Subsidiaries and payable in cash with respect to such period, (e) any
Cash consideration paid in respect of Permitted Acquisitions in an aggregate amount not to exceed
at any time prior to an IPO, $20,000,000 per Fiscal Year, and at any time after an IPO, $40,000,000
per Fiscal Year (excluding any such amounts funded through the utilization of the Available
Amount), (f) any Cash amounts made by Holdings pursuant to Sections 6.5(a)(i) through (iv) and
6.5(a)(vi) to the extent such amounts have not been deducted from Consolidated Net Income, (g) Cash
amounts which have been included in Consolidated Adjusted EBITDA for such period pursuant to
clauses (i)(g), (i)(h), (i)(i), (i)(j), (i)(k), (i)(l), (i)(m) and (i)(n) of the definition
thereof, (h) extraordinary Cash losses (including any premiums associated with the prepayment of
Indebtedness to the extent such payment is accounted for as an extraordinary item) and (i) net
increases in cash required to be on deposit with counterparties pursuant to outstanding derivative
instruments permitted hereunder.

          “Consolidated Interest Expense” means, for any period, total interest expense (including that
portion attributable to Capital Leases in accordance with GAAP and capitalized interest) of Company
and its Subsidiaries on a consolidated basis with respect to all outstanding Indebtedness of
Company and its Subsidiaries, including all commissions, discounts and other fees and charges owed
with respect to letters of credit (including Funded Letters of Credit) and net costs under Interest
Rate Agreements, but excluding, however, any amounts referred to in Section 2.11(f) of the Existing
Credit Agreement payable on or before the Effective Date.

          “Consolidated Net Income” means, for any period, (i) the net income (or loss) of Company and
its Subsidiaries on a consolidated basis for such period taken as a single accounting period
determined in conformity with GAAP, excluding (ii) (a) the income (or loss) of any Person
(other than a Subsidiary of Company) in which any other Person (other than Company or any of its
Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other
distributions actually paid to Company or any of its Subsidiaries by such Person during such
period, (b) except as may be permitted in Section 6.8(d), the income (or loss) of any Person
accrued prior to the date it becomes a Subsidiary of Company or is merged into or consolidated with
Company or any of its Subsidiaries or that Person’s assets are acquired by Company or any of its
Subsidiaries, (c) the income of any Subsidiary of Company to the extent that the declaration or
payment of dividends or similar distributions by that Subsidiary of that income is not at the time
permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree,
order, statute, rule or governmental regulation applicable to that Subsidiary, (d) any after-tax
gains or losses attributable to Asset Sales or returned surplus assets of any Pension Plan, and (e)
(to the extent not included in clauses (a) through (d) above) any net extraordinary gains or net
extraordinary losses.

          “Consolidated Total Debt” means, as at any date of determination, (a) the aggregate stated
balance sheet amount of all Indebtedness (other than Indebtedness under clauses (iv), (vi) and (x)
of the definition thereof), of Company and its Subsidiaries determined on a consolidated basis in
accordance with GAAP, minus (b) the aggregate amount of Cash included in the cash accounts
listed on the consolidated balance sheet of Holdings, Company and the Guarantor Subsidiaries as at
such date up to a maximum amount of $40,000,000 to the extent the

9

 

use thereof for application to payment of Indebtedness is not prohibited by law or any
contract to which Holdings, Company or any Guarantor Subsidiary is a party.

          “Consolidated Working Capital” means, as at any date of determination, the excess of
Consolidated Current Assets over Consolidated Current Liabilities.

          “Consolidated Working Capital Adjustment” means, for any period on a consolidated basis, the
amount (which may be a negative number) by which Consolidated Working Capital as of the beginning
of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

          “Contractual Obligation” means, as applied to any Person, any provision of any Security issued
by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or
other instrument to which that Person is a party or by which it or any of its properties is bound
or to which it or any of its properties is subject.

          “Contributing Guarantors” as defined in Section 7.2.

          “Conversion/Continuation Date” means the effective date of a continuation or conversion, as
the case may be, as set forth in the applicable Conversion/Continuation Notice.

          “Conversion/Continuation Notice” means a Conversion/Continuation Notice substantially in the
form of Exhibit A-2.

          “Counterpart Agreement” means a Counterpart Agreement substantially in the form of Exhibit H
delivered by a Credit Party pursuant to Section 5.10.

          “Credit Date” means the date of a Credit Extension.

          “Credit Document” means any of this Agreement, the Notes, if any, and all other documents,
instruments or agreements executed and delivered by a Credit Party for the benefit of the
Administrative Agent or any Lender in connection herewith.

          “Credit Extension” means the making of a Loan.

          “Credit Party” means each Person (other than Administrative Agent or any Lender or any other
representative thereof or any Sponsor) from time to time party to a Credit Document.

          “Cure Amount” as defined in Section 6.8(e).

          “Cure Right” as defined in Section 6.8(e).

          “Currency Agreement” means any foreign exchange contract, currency swap agreement, futures
contract, option contract, synthetic cap or other similar agreement or arrangement, each of which
is for the purpose of hedging the foreign currency risk associated with Company’ and its
Subsidiaries’ operations and not for speculative purposes.

10

 

          “CVR” means CVR Energy, Inc., a Delaware corporation.

          “Default” means a condition or event that, after notice or lapse of time or both, would
constitute an Event of Default.

          “Deposit Account” means a demand, time, savings, passbook or like account with a bank, savings
and loan association, credit union or like organization, other than an account evidenced by a
negotiable certificate of deposit.

          “Dollars” and the sign “$” mean the lawful money of the United States of America.

          “Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of
America, any State thereof or the District of Columbia.

          “Effective Date” means December 28, 2006.

          “Eligible Assignee” means (i) any Lender, any Affiliate of any Lender and any Related Fund
(any two or more Related Funds being treated as a single Eligible Assignee for all purposes
hereof), and (ii) any commercial bank, insurance company, investment or mutual fund or other entity
that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which
extends credit or buys loans as one of its businesses that in each case is a “qualified purchaser”
for purposes of Section 2(a)(51) of the Investment Company Act of 1940, as amended;
provided, no Affiliate of any of Holdings shall be an Eligible Assignee.

          “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA
which is or was sponsored, maintained or contributed to by, or required to be contributed by, any
of Holdings, any of their respective Subsidiaries or any of their respective ERISA Affiliates.

          “Environmental Claim” means any notice of violation, claim, action, suit, proceeding, demand,
abatement order or other order or directive (conditional or otherwise), by any Governmental
Authority or any other Person, arising pursuant to or in connection with any actual or alleged
violation of, or liability under, any Environmental Law.

          “Environmental Laws” means any and all current or future foreign or domestic, federal or state
(or any subdivision of either of them), statutes, ordinances, orders, rules, regulations,
judgments, Governmental Authorizations, or any other requirements of Governmental Authorities
(including, without limitation, the Consent Decree) relating to (i) environmental matters,
including any Hazardous Materials Activity; (ii) occupational safety and health, industrial
hygiene; or (iii) the protection of human health (as it relates to Releases of or exposure to
Hazardous Materials), the environment or natural resources, in any manner applicable to Holdings or
its Subsidiaries or the Facilities.

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time, and any successor thereto.

11

 

          “ERISA Affiliate” means, as applied to any Person, (i) any corporation which is a member of a
controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code
of which that Person is a member; (ii) any trade or business (whether or not incorporated) which is
a member of a group of trades or businesses under common control within the meaning of Section
414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an
affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code
of which that Person, any corporation described in clause (i) above or any trade or business
described in clause (ii) above is a member. Any former ERISA Affiliate of any of Holdings or any
of their respective Subsidiaries shall continue to be considered an ERISA Affiliate of Holdings or
any such Subsidiary within the meaning of this definition with respect to the period such entity
was an ERISA Affiliate of Holdings or such Subsidiary and with respect to liabilities arising after
such period for which Holdings or such Subsidiary could be liable under the Internal Revenue Code
or ERISA.

          “ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and
the regulations issued thereunder with respect to any Pension Plan (excluding those for which the
provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet
the minimum funding standard of Section 412 of the Internal Revenue Code with respect to any
Pension Plan (whether or not waived in accordance with Section 412(d) of the Internal Revenue Code)
or the failure to make by its due date a required installment under Section 412(m) of the Internal
Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a
Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to
Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination
described in Section 4041(c) of ERISA; (iv) the withdrawal by any of Holdings, any of their
respective Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two
or more contributing sponsors or the termination of any such Pension Plan resulting in liability to
any of Holdings, any of their respective Subsidiaries or any of their respective Affiliates
pursuant to Section 4063 or 4064 of ERISA; (v) the institution by the PBGC of proceedings to
terminate any Pension Plan, or the occurrence of any event or condition which would be reasonably
likely to constitute grounds under ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (vi) the imposition of liability on any of Holdings, any of their
respective Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or
4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (vii) the withdrawal of
any of Holdings, any of their respective Subsidiaries or any of their respective ERISA Affiliates
in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from
any Multiemployer Plan if there is any potential withdrawal liability therefore, or the receipt by
any of Holdings, any of their respective Subsidiaries or any of their respective ERISA Affiliates
of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to
Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section
4041A or 4042 of ERISA; (viii) the occurrence of an act or omission which could give rise to the
imposition on any of Holdings, any of their respective Subsidiaries or any of their respective
ERISA Affiliates of any material fines, penalties, taxes or related charges under Chapter 43 of the
Internal Revenue Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in
respect of any Employee Benefit Plan; (ix) the assertion of a material claim (other than routine
claims for benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the
assets thereof, or against any of Holdings, any of their respective Subsidiaries or any of

12

 

their respective ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt
from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other
Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code)
to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming
part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the
Internal Revenue Code, in each case that cannot be cured without material liability to Holdings; or
(xi) the imposition of a Lien pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code
or pursuant to ERISA with respect to any Pension Plan.

          “Estimated Excess Cash Flow” means, for any quarterly period, an amount (if positive) equal
to: (i) the sum, without duplication, of the amounts for such period of (a) Consolidated Adjusted
EBITDA, plus (b) the Consolidated Working Capital Adjustment plus (c) extraordinary
Cash gains excluded from Consolidated Adjusted EBITDA, plus (d) net decreases in cash
required to be on deposit with counterparties pursuant to outstanding derivative instruments
permitted hereunder, plus (e) cash payments received by Company under the Swap Agreement
with respect to such period to the extent not otherwise included in the calculation of Consolidated
Net Income for such period (and provided that such amounts shall not be included in the calculation
of Consolidated Net Income for purposes of estimating Consolidated Net Income for any subsequent
Fiscal Quarter) minus (ii) the sum, without duplication, of the amounts for such period of
(a) scheduled repayments of Consolidated Total Debt (excluding repayments of Revolving Loans or
Swing Line Loans except to the extent the Revolving Commitments are permanently reduced in
connection with such repayments and except to the extent that such repayments of Revolving Loans
are subject to the $25,000,000 limitation set forth in Section 6.16) and voluntary prepayment of
the Term Loans under the Opco Secured Credit Agreement, (b) Consolidated Capital Expenditures ((x)
excluding any Consolidated Capital Expenditures funded through the utilization of the Available
Amount, and (y) net of any proceeds of (1) any related financings with respect to such Consolidated
Capital Expenditures and (2) any sales of assets used to finance such Consolidated Capital
Expenditures), (c) Consolidated Cash Interest Expense, (d) provisions for current taxes of
Holdings, Company and its Subsidiaries and payable in cash with respect to such period, (e) any
Cash amounts made by Holdings pursuant to Sections 6.5(a)(i) through (iv) and 6.5(a)(vi) to the
extent such amounts have not been deducted from Consolidated Net Income, (f) Cash amounts which
have been included in Consolidated Adjusted EBITDA for such period pursuant to clauses (i)(g),
(i)(h), (i)(i), (i)(j), (i)(k), (i)(l), (i)(m) and (i)(n) of the definition thereof, (g)
extraordinary Cash losses (including any premiums associated with the prepayment of Indebtedness to
the extent such payment is accounted for as an extraordinary item), (h) net increases in cash
required to be on deposit with counterparties pursuant to outstanding derivative instruments
permitted hereunder and (i) provisions for cash payments that will be settled and payable by the
Company and its Subsidiaries under the Swap Agreement during the next period that are associated
with earnings for the current period, to the extent that such amounts have not otherwise been
deducted from Consolidated Net Income and provided further that such amounts shall not be included
in the calculation of Consolidated Net Income for purposes of determining Estimated Excess Cash Flow
for any subsequent Fiscal Quarter.

          “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined by reference to the
Adjusted Eurodollar Rate.

13

 

          “Event of Default” means each of the conditions or events set forth in Section 8.1.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and
any successor statute.

          “Existing Credit Agreement” means the Second Amended and Restated Credit and Guaranty
Agreement, dated as of December 28, 2006, among Company, Holdings, the Guarantors, the lenders
party thereto from time to time, GSCP and Credit Suisse Securities (USA) LLC, as joint lead
arrangers and joint bookrunners, Credit Suisse, as administrative agent, collateral agent, funded
L/C issuing bank and as revolving issuing bank, Deutsche Bank Trust Company Americas, as
syndication agent and ABN AMRO Bank N.V., as documentation agent, as amended by the First Amendment
to Second Amended and Restated Credit and Guaranty Agreement dated on or about the date hereof,
among Company, Holdings, the Guarantors, the lenders listed on the signature pages thereto, GSCP
and Credit Suisse Securities (USA) LLC, as joint lead arrangers and joint bookrunners, and Credit
Suisse, as administrative agent and collateral agent.

          “Existing Tranche C Term Loans” as defined in the Existing Credit Agreement.

          “Facility” means any real property (including all buildings, fixtures or other improvements
located thereon) now or hereafter owned, leased, operated or otherwise occupied by any of Holdings
or any of their respective Subsidiaries or Affiliates.

          “Fair Share” as defined in Section 7.2.

          “Fair Share Contribution Amount” as defined in Section 7.2.

          “Federal Funds Effective Rate” means for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided, (i) if such day is not a
Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day, and (ii) if no
such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate charged to Administrative Agent, in its capacity as a Lender, on such
day on such transactions as determined by Administrative Agent.

          “Fertilizers” as defined in the preamble hereto.

          “Financial Officer Certification” means, with respect to the financial statements for which
such certification is required, the certification of the chief financial officer of Company that
such financial statements fairly present, in all material respects, the financial condition of
Company and its Subsidiaries as at the dates indicated and the results of their operations and
their cash flows for the periods indicated, subject to changes resulting from audit and normal
year-end adjustments.

          “Financial Plan” as defined in Section 5.1(i).

14

 

          “Fiscal Quarter” means a fiscal quarter of any Fiscal Year.

          “Fiscal Year” means the fiscal year of Company and its Subsidiaries ending on December 31 of
each calendar year.

          “Funding Guarantors” as defined in Section 7.2.

          “Funded Letter of Credit” as defined in the Existing Credit Agreement.

          “Funding Notice” means a notice substantially in the form of Exhibit A-1.

          “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2,
United States generally accepted accounting principles in effect as of the date of determination
thereof.

          “Governmental Authority” means any federal, state, municipal, national or other government,
governmental department, commission, board, bureau, court, agency or instrumentality or political
subdivision thereof or any entity or officer exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to any government or any court, in each
case whether associated with a state of the United States, the United States, or a foreign entity
or government.

          “Governmental Authorization” means any permit, license, authorization, plan, directive,
consent order or consent decree of or from any Governmental Authority.

          “GP Purchase Price” as defined in Section 6.9(l).

          “Guaranteed Obligations” as defined in Section 7.1.

          “Guarantor” means each of Holdings and each Domestic Subsidiary of Holdings (other than
Company); provided that, as of the Closing Date, each of the MLP, the Special GP, MergerSub 1 and
MergerSub 2 shall be deemed to be a Guarantor hereunder and under any other Credit Document.

          “Guarantor Subsidiary” means each Guarantor other than Holdings.

          “Guaranty” means the guaranty of each Guarantor set forth in Section 7.

          “Hazardous Materials” means any chemical, material or substance, exposure to which is
prohibited, limited or regulated by any Governmental Authority or which may or could pose a hazard
to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or
to the indoor or outdoor environment.

          “Hazardous Materials Activity” means any past, current, proposed or threatened activity, event
or occurrence involving any Hazardous Materials, including the use, manufacture, possession,
storage, holding, presence, existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, construction, treatment,

15

 

abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials,
and any corrective action or response action with respect to any of the foregoing.

          “Hedge Agreement” means an Interest Rate Agreement, a Currency Agreement or a Commodity
Agreement entered into with a Lender Counterparty in order to satisfy the requirements of this
Agreement or otherwise in the ordinary course of Holdings’ or any of its Subsidiaries’ businesses.

          “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from
time to time may be contracted for, charged, or received under the laws applicable to any Lender
which are presently in effect or, to the extent allowed by law, under such applicable laws which
may hereafter be in effect and which allow a higher maximum nonusurious interest rate than
applicable laws now allow.

          “Historical Financial Statements” means as of the Closing Date, (i) the audited financial
statements of AcquisitionCo and its Subsidiaries, for the immediately preceding three Fiscal Years,
consisting of balance sheets and the related consolidated statements of income, stockholders’
equity and cash flows for such Fiscal Years and if any such financial statement would differ if
prepared for the Company and its Subsidiaries, a statement of reconciliation for such financial
statement, and (ii) the unaudited financial statements of AcquisitionCo and its Subsidiaries as at
the most recently ended Fiscal Quarter, consisting of a balance sheet and the related consolidated
statements of income, stockholders’ equity and cash flows for the three-, six-or nine-month period,
as applicable, ending on such date and if any such financial statement would differ if prepared for
the Company and its Subsidiaries, a statement of reconciliation for such financial statement, and,
in the case of clauses (i) and (ii), certified by the chief financial officer of Company that they
fairly present, in all material respects, the financial condition of Company and its Subsidiaries
as at the dates indicated and the results of their operations and their cash flows for the periods
indicated, subject to changes resulting from audit and normal year-end adjustments.

          “Holdings” as defined in the preamble hereto.

          “Increased-Cost Lenders” as defined in Section 2.23.

          “Indebtedness”, as applied to any Person, means, without duplication, (i) all indebtedness for
borrowed money; (ii) that portion of obligations with respect to Capital Leases that is classified
as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for borrowed money; (iv)
any obligation owed for all or any part of the deferred purchase price of property or services
(excluding (x) trade payables and accrued expenses arising in the ordinary course of business and
(y) obligations incurred under ERISA), which purchase price is (a) due more than six months from
the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar
written instrument; (v) all indebtedness secured by any Lien on any property or asset owned or held
by that Person regardless of whether the indebtedness secured thereby shall have been assumed by
that Person or is nonrecourse to the credit of that Person; provided however, in
the case of non-recourse Indebtedness, the amount of such Indebtedness shall be limited to the
value of the assets securing such indebtedness; (vi) the face

16

 

amount of any letter of credit issued for the account of that Person or as to which that
Person is otherwise liable for reimbursement of drawings; (vii) the direct or indirect guaranty,
endorsement (otherwise than for collection or deposit in the ordinary course of business),
co-making, discounting with recourse or sale with recourse by such Person of the Indebtedness of
another; (viii) any obligation of such Person the primary purpose or intent of which is to provide
assurance to an obligee that the obligation of the obligor thereof will be paid or discharged, or
any agreement relating thereto will be complied with, or the holders thereof will be protected (in
whole or in part) against loss in respect thereof; provided that such obligation shall not
be deemed Indebtedness unless the underlying obligation would be deemed Indebtedness; (ix) any
liability of such Person for an obligation of another through any agreement (contingent or
otherwise) (a) to purchase, repurchase or otherwise acquire such obligation or any security
therefor, or to provide funds for the payment or discharge of such obligation (whether in the form
of loans, advances, stock purchases, capital contributions or otherwise) or (b) to maintain the
solvency or any balance sheet item, level of income or financial condition of another if, in the
case of any agreement described under subclauses (a) or (b) of this clause (ix), the primary
purpose or intent thereof is as described in clause (viii) above; provided that such
obligation shall not be deemed Indebtedness unless the underlying obligation would be deemed
Indebtedness; and (x) all net obligations of such Person in respect of any exchange traded or over
the counter derivative transaction, including, without limitation, any Interest Rate Agreement,
Currency Agreement or Commodity Agreement, whether entered into for hedging or speculative
purposes; provided, in no event shall obligations under any Interest Rate Agreement, any
Currency Agreement or Commodity Agreement be deemed “Indebtedness” for any purpose under Section
6.8.

          “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses,
damages (including natural resource damages), penalties, claims (including Environmental Claims),
reasonable out-of-pocket costs (including the costs of any Remedial Action necessary to remove,
remediate, clean up or abate any Hazardous Materials Activity), reasonable out-of-pocket expenses
and disbursements of any kind or nature whatsoever (including the reasonable out-of-pocket fees and
disbursements of counsel for Indemnitees in connection with any investigative, administrative or
judicial proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall
be designated as a party or a potential party thereto, and any fees or expenses incurred by
Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and whether
based on any federal, state or foreign laws, statutes, rules or regulations (including securities
and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or
equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted
against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement or the
other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’
agreement to make the Credit Extension or the use or intended use of the proceeds thereof, or any
enforcement of any of the Credit Documents (including the enforcement of the Guaranty or the
Sponsor Guaranties)); (ii) the statements contained in the engagement letter between GSCP, Company
and AcquisitionCo with respect to the transactions contemplated by this Agreement; or (iii) any
Environmental Claim or any Hazardous Materials Activity relating to or arising from, directly or
indirectly, any past or present activity, operation, land ownership, or practice of Holdings or any
of its Subsidiaries.

17

 

          “Indemnitee” as defined in Section 10.3.

          “Intercreditor Agreement” as defined in the Existing Credit Agreement.

          “Interest Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i)
Consolidated Adjusted EBITDA for the four-Fiscal Quarter period then ended, to (ii) Consolidated
Cash Interest Expense for such four-Fiscal Quarter period.

          “Interest Payment Date” means with respect to (i) any Loan that is a Base Rate Loan, each
April 1, July 1, October 1 and January 1 of each year, commencing on October 1, 2007 and the final
maturity date of such Loan; and (ii) any Loan that is a Eurodollar Rate Loan, the last day of each
Interest Period applicable to such Loan.

          “Interest Period” means in connection with a Eurodollar Rate Loan, an interest period of one-,
two- or three-months as selected by Company in the Funding Notice or Conversion/Continuation
Notice, (x) initially, commencing on the Credit Date or Conversion/Continuation Date thereof, as
the case may be; and (y) thereafter, commencing on the day on which the immediately preceding
Interest Period expires; provided, (a) if an Interest Period would otherwise expire on a
day that is not a Business Day, such Interest Period shall expire on the next succeeding Business
Day unless no further Business Day occurs in such month, in which case such Interest Period shall
expire on the immediately preceding Business Day; (b) any Interest Period that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically corresponding day
in the calendar month at the end of such Interest Period) shall, subject to clauses (c) and (d), of
this definition, end on the last Business Day of a calendar month; and (c) no Interest Period with
respect to any portion of any Term Loan shall extend beyond the Term Loan Maturity Date.

          “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement,
interest rate collar agreement, interest rate hedging agreement or other similar agreement or
arrangement, each of which is for the purpose of hedging the interest rate exposure associated with
Company’s and its Subsidiaries’ operations and not for speculative purposes.

          “Interest Rate Determination Date” means, with respect to any Interest Period, the date that
is two Business Days prior to the first day of such Interest Period.

          “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof
and from time to time hereafter, and any successor statute.

          “Investment” means (i) any direct or indirect purchase or other acquisition by any Holdings or
any of their respective Subsidiaries of, or of a beneficial interest in, any of the Securities of
any other Person (other than a Guarantor Subsidiary); (ii) any direct or indirect redemption,
retirement, purchase or other acquisition for value, by any Holdings or any of their respective
Subsidiaries from any Person (other than Company or any Guarantor Subsidiary), of any Capital Stock
of such Person; and (iii) any direct or indirect loan, advance (other than advances to employees
for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the
ordinary course of business) or capital contribution by any Holdings or any of their respective
Subsidiaries to any other Person (other than Company or any Guarantor Subsidiary), including all
indebtedness and accounts receivable from that other Person that are

18

 

not current assets or did not arise from sales to that other Person in the ordinary course of
business. The amount of any Investment shall be the original cost of such Investment plus the cost
of all additions thereto, net of any repayments, interest, returns, profits, distributions, income
and similar amounts actually received in cash in respect of any such Investment, without any
adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with
respect to such Investment.

          “IPO” a registered initial public offering of voting Capital Stock of Company, any Holdings,
or any Parent.

          “Lender” means each financial institution listed on the signature pages hereto as a Lender and
any other Person that becomes a party hereto pursuant to an Assignment Agreement.

          “Lender Counterparty” as defined in the Existing Credit Agreement.

          “Letter of Credit” as defined in the Existing Credit Agreement.

          “LIBOR” means, with respect to any Eurodollar Rate Loan for any Interest Period, the rate per
annum (rounded to the nearest 1/100 of 1%) determined by the Administrative Agent at approximately
11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of the
relevant Interest Period by reference to the British Bankers’ Association Interest Settlement Rates
for deposits in Dollars (as such rate appears on the page of the Reuters Screen which displays an
average British Bankers Association Interest Settlement Rate (such page currently being LIBOR01
page)) for a period equal to such Interest Period; provided that, to the extent that an
interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the
“LIBOR” shall be the interest rate per annum determined by the Administrative Agent to be the
average of the rates per annum at which deposits in Dollars are offered for such relevant Interest
Period to major banks in the London interbank market in London, England by the Administrative Agent
at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the
beginning of such Interest Period.

          “Lien” means any lien, mortgage, pledge, assignment, security interest, charge or encumbrance
of any kind (including any agreement to give any of the foregoing, any conditional sale or other
title retention agreement, and any lease in the nature thereof) and any option, trust or other
preferential arrangement having the practical effect of any of the foregoing.

          “Loan” means a Term Loan.

          “Major Scheduled Turnaround” means (i) with respect to the Coffeyville Refinery, a scheduled
shutdown of refinery process units primarily for purposes of conducting maintenance, of at least
twenty (20) consecutive days which shutdown shall occur no more than two times prior to the Tranche
D Loan Maturity Date and (ii) with respect to the Coffeyville Nitrogen Plan, a scheduled shutdown
primarily for purposes of conducting maintenance, of at least seven (7) consecutive days which
shutdown shall not occur more than two times in any twenty-four (24) month period.

19

 

          “Major Scheduled Turnaround Expenses” means expenses which have been incurred by Company or
its Subsidiaries to complete a Major Scheduled Turnaround but only to the extent such amounts would
be treated as expenses under GAAP.

          “Management Agreement” means, collectively, each of those certain Management Agreements, dated
as of the June 24, 2005, by and between each Sponsor and Holdings, as such agreements may be
amended or modified in accordance with the terms and provisions hereof.

          “Managing GP” means CVR GP, LLC, a Delaware limited liability company.

          “Margin Stock” as defined in Regulation U of the Board of Governors of the Federal Reserve
System as in effect from time to time.

          “Material Adverse Effect” means a material adverse effect on and/or material adverse
developments with respect to (i) the properties, business, assets, liabilities, condition
(financial or otherwise) or results of operation of all Holdings and their respective Subsidiaries
taken as a whole; (ii) the ability of any Credit Party to fully and timely perform its Obligations;
(iii) the legality, validity, binding effect or enforceability against a Credit Party of a Credit
Document to which it is a party; or (iv) the rights, remedies and benefits, available to, or
conferred upon, the Administrative Agent or any Lender.

          “Material Contract” means any contract or other arrangement to which any of Holdings or any of
their respective Subsidiaries is a party (other than the Credit Documents) for which breach,
nonperformance, cancellation or failure to renew could reasonably be expected to have a Material
Adverse Effect, including, without limitation, the Swap Agreement.

          “MergerSub 1” means CVR MergerSub 1, Inc., a Delaware corporation which will be wholly-owned
by CVR.

          “MergerSub 2” means CVR MergerSub 2, Inc., a Delaware corporation which will be wholly-owned
by CVR.

          “Minority Investments” means any Person (other than a Subsidiary) in which Holdings or any of
its Subsidiaries own capital stock or other equity interests.

          “MLP” means CVR Partners, LP, a Delaware limited partnership.

          “MLP Reorganization” means (a) the formation of the MLP, the Managing GP and the Special GP by
the Company; (b) the contribution by the Company of the assets of Coffeyville Resources Nitrogen
Fertilizers, LLC to the MLP in consideration for a contribution by the MLP of interests in the MLP
to the Special GP and the Managing GP; (c) the sale by the Company of the Capital Stock of the
Managing GP to Acquisition III LLC in accordance with Section 6.9(l); and (d) the Restricted
Payment made by the Company to the Sponsors in connection with the acquisition of the Capital Stock
of the Managing GP made in accordance with Section 6.5(a)(vii).

          “Moody’s” means Moody’s Investor Services, Inc.

20

 

          “Mortgage” as defined in the Existing Credit Agreement.

          “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as
defined in Section 3(37) of ERISA.

          “NAIC” means The National Association of Insurance Commissioners, and any successor thereto.

          “Narrative Report” means, with respect to the financial statements for which such narrative
report is required, a narrative report describing the operations of Company and its Subsidiaries in
the form prepared for presentation to senior management thereof for the applicable month, Fiscal
Quarter or Fiscal Year and for the period from the beginning of the then current Fiscal Year to the
end of such period to which such financial statements relate.

          “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (i) Cash
payments (including any Cash received by way of deferred payment pursuant to, or by monetization
of, a note receivable or otherwise, but only as and when so received) received by Company or any of
its Subsidiaries from such Asset Sale, minus (ii) any actual costs incurred in connection
with such Asset Sale, including (a) Taxes paid, payable or reasonably estimated to be payable by
seller or any of its Affiliates as a result of such Asset Sale, (b) payment of the outstanding
principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the
Loans) that is secured by a Lien on the stock or assets in question and that is required to be
repaid under the terms thereof as a result of such Asset Sale, (c) a reasonable reserve for any
liabilities (fixed or contingent) attributable to Seller’s indemnities and representations and
warranties to purchase in respect of such Asset Sale, and (d) reasonable and customary fees,
commissions and expenses paid by Company or any of its Subsidiaries, as applicable, in connection
with such Asset Sale.

          “Net Insurance/Condemnation Proceeds” means an amount equal to: (i) any Cash payments or
proceeds received by Company or any of its Subsidiaries (a) under any all risk property insurance
policy in respect of a covered loss thereunder (other than the proceeds of business interruption
insurance) or (b) as a result of the taking of any assets of Company or any of its Subsidiaries by
any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a
sale of any such assets to a purchaser with such power under threat of such a taking, minus
(ii) (a) any actual and reasonable costs incurred by Company or any of its Subsidiaries in
connection with the adjustment or settlement of any claims of Company or such Subsidiary in respect
thereof or otherwise in connection with the repairs or replacement of affected assets to the extent
permitted pursuant to Section 2.14(b) of the Existing Credit Agreement, and (b) any actual costs
incurred in connection with any sale of such assets as referred to in clause (i)(b) of this
definition, including Taxes paid, payable or reasonably estimated to be payable in connection
therewith, reasonable fees and expenses of professional advisors, title and recordation expenses
and reasonable indemnification expenses.

          “New Term Loans” as defined in the Existing Credit Agreement.

          “Non-US Lender” as defined in Section 2.20(c).

21

 

          “Nonpublic Information” means information which has not been disseminated in a manner making
it available to investors generally, within the meaning of Regulation D.

          “Note” means a Term Loan Note.

          “Notice” means a Funding Notice or a Conversion/Continuation Notice.

          “Obligations” means all obligations of every nature of each Credit Party from time to time
owed to the Administrative Agent (including former Administrative Agents), including, without
limitation, any fees under Section 2.11, the Lenders or any of them, and Lender Counterparties,
under any Credit Document, any Hedge Agreement (including, without limitation, with respect to a
Hedge Agreement, obligations owed thereunder to any person who was a Lender or an Affiliate of a
Lender at the time such Hedge Agreement was entered into), such obligations “Specified Secured
Hedge Indebtedness”, whether for principal, interest (including interest which, but for the filing
of a petition in bankruptcy with respect to such Credit Party, would have accrued on any
Obligation, whether or not a claim is allowed against such Credit Party for such interest in the
related bankruptcy proceeding), payments for early termination of Hedge Agreements, fees, expenses,
indemnification or otherwise.

          “Obligee Guarantor” as defined in Section 7.7.

          “Opco Secured Credit Agreement” means the Secured Credit and Guaranty Agreement, dated as of
August 23, 2007, among Company, the Guarantors, the lenders party thereto from time to time, and
GSCP, as sole lead arranger, sole bookrunner, and administrative agent.

          “Organizational Documents” means (i) with respect to any corporation, its certificate or
articles of incorporation or organization, as amended, and its by-laws, as amended, (ii) with
respect to any limited partnership, its certificate of limited partnership, as amended, and its
partnership agreement, as amended, (iii) with respect to any general partnership, its partnership
agreement, as amended, and (iv) with respect to any limited liability company, its articles of
organization, as amended, and its operating agreement, as amended. In the event any term or
condition of this Agreement or any other Credit Document requires any Organizational Document to be
certified by a secretary of state or similar governmental official, the reference to any such
“Organizational Document” shall only be to a document of a type customarily certified by such
governmental official.

          “Parent” means AcquisitionCo and any direct or indirect parent of AcquisitionCo or any
corporation or other entity into which AcquisitionCo may be merged or consolidated prior to or in
connection with an IPO or which otherwise may be formed by AcquisitionCo and which owns directly or
indirectly all of the Capital Stock of Holdings, including CVR Energy, Inc, and for the avoidance
of doubt, Mr. John J. Lipinski.

          “Parent Credit Agreement” means the Unsecured Credit and Guaranty Agreement, dated as of
August 23, 2007, among Coffeyville Refining & Marketing Holdings, Inc., as the borrower, the
guarantors party thereto, the lenders party thereto from time to time, and GSCP, as sole lead
arranger, sole bookrunner, and administrative agent.

22

 

          “Partnership Agreement” means that certain Agreement of Limited Partnership of CVR Partners,
L.P., entered into among the Managing GP, the Special GP, and the Company, dated on or about August
22, 2007.

          “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

          “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is
subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA.

          “Permitted Acquisition” means any acquisition by Company or any of its wholly-owned
Subsidiaries, whether by purchase, merger or otherwise, of all or substantially all of the assets
of, all of the Capital Stock of, or a business line or unit or a division of, any Person;
provided,

          (i) immediately prior to, and after giving effect thereto, no Default or Event of Default
shall have occurred and be continuing or would result therefrom;

          (ii) all transactions in connection therewith shall be consummated, in all material respects,
in accordance with all applicable laws and in conformity with all applicable Governmental
Authorizations;

          (iii) in the case of the acquisition of Capital Stock, no less than 75% (or 51% in the case
of non-Guarantor Subsidiaries to the extent permitted by Section 5.10) of the Capital Stock (except
for any such Securities in the nature of directors’ qualifying shares required pursuant to
applicable law) acquired or otherwise issued by such Person or any newly formed Subsidiary of
Company in connection with such acquisition shall be owned by Company or a Guarantor Subsidiary
thereof, and Company shall have taken, or caused to be taken, as of the date such Person becomes a
Subsidiary of Company, each of the actions set forth in Sections 5.10 (subject to the exceptions
and limitations with respect to non-Guarantor Subsidiaries therein) and/or 5.11, as applicable;

          (iv) Company and its Subsidiaries shall be in compliance with the financial covenants set
forth in Section 6.8 on a pro forma basis after giving effect to such acquisition as of the last
day of the Fiscal Quarter most recently ended for which financial statements are available (as
determined in accordance with Section 6.8(d));

          (v) Company shall have delivered to Administrative Agent (A) at least ten (10) Business Days
prior to such proposed acquisition, a Compliance Certificate evidencing compliance with Section 6.8
as required under clause (iv) above, together with all relevant financial information with respect
to such acquired assets, including, without limitation, the aggregate consideration for such
acquisition and any other information required to demonstrate compliance with Section 6.8; and

          (vi) any Person or assets or division as acquired in accordance herewith (y) shall be in
substantially similar business or lines of business in which Company and/or its Subsidiaries are
engaged as of the Effective Date or reasonably incidental or ancillary thereto.

23

 

          “Permitted Cure Securities” means equity Securities of (i) prior to an intial registered
public offering of securities, AcquistionCo and (ii) after an initial registered public offering,
CVR, having no mandatory redemption, repurchase, repayment or similar requirements prior to the
date which occurs six (6) months after the final maturity date of Tranche D Term Loans (as defined
under Existing Credit Agreement) and upon which all dividends or distributions, at the election of
Holdings, may be payable in additional shares of such Security.

          “Permitted Liens” means each of the Liens permitted pursuant to Section 6.2.

          “Permitted Sale Leaseback” means any Sale Leaseback consummated by Company or any of its
Subsidiaries after the Closing Date, provided that such Sale Leaseback is consummated for fair
value as determined at the time of consummation in good faith by Company.

          “Person” means and includes natural persons, corporations, limited partnerships, general
partnerships, limited liability companies, limited liability partnerships, joint stock companies,
joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business
trusts or other organizations, whether or not legal entities, and Governmental Authorities.

          “Phase I Report” means, with respect to any Facility, a report that (i) conforms to the ASTM
Standard Practice for Environmental Site Assessments, E 1527-00 or, if reasonably requested by the
Administrative Agent, USEPA’s standards for “All Appropriate Inquiry”, (ii) was conducted no more
than six months prior to the date such report is required to be delivered hereunder by one or more
environmental consulting firms reasonably satisfactory to Administrative Agent, and (iii) if
reasonably requested by the Administrative Agent, contains (a) an assessment of asbestos-containing
materials at such Facility, (b) an estimate of the reasonable worst-case cost of investigating and
remediating any Hazardous Materials or Hazardous Materials Activity identified as giving rise to an
actual or potential material violation of any Environmental Law or as presenting a material risk of
giving rise to a material Environmental Claim, and (c) an assessment of Holdings’, its
Subsidiaries’ and the Facility’s current and past compliance with Environmental Laws and an
estimate of the cost of rectifying any non-compliance with current Environmental Laws identified
therein and the cost of compliance with reasonably anticipated future Environmental Laws identified
therein; provided, however, that for items (iii)(b) and (iii)(c) above, the report
need only provide cost estimates for matters that could reasonably be expected to result in
liability to or expenditures by Holdings or its Subsidiaries in excess of $1,500,000.

          “Pipeline” as defined in the preamble hereto.

          “Platform” as defined in Section 5.1(r).

          “Principal Office” as set forth on Appendix B, or such other office or office of a third party
or sub-agent, as appropriate, as such Person may from time to time designate in writing to Company,
Administrative Agent and each Lender.

24

 

          “Pro Rata Share” means with respect to all payments, computations and other matters relating
to the Term Loan of any Lender, the percentage obtained by dividing (a) the Term Loan Exposure of
that Lender by (b) the aggregate Term Loan Exposure of all Lenders.

          “Projections” as defined in Section 4.8.

          “Qualified IPO Proceeds” as defined in Section 2.14(e).

          “Qualified Subordinated Indebtedness” means Indebtedness of the Company or any Holdings
otherwise permitted to be incurred pursuant to Section 6.1; provided that such Indebtedness
is (i) subordinated to the Obligations on terms customary at the time for high-yield subordinated
debt securities issued in a public offering, (ii) matures after, and does not require any scheduled
amortization or other scheduled payments of principal prior to, the final maturity of the Loans
hereunder (it being understood that such Indebtedness may have mandatory prepayment, repurchase or
redemptions provisions satisfying the requirement of clause (iii) hereof), and (iii) has terms and
conditions (other than interest rate, redemption premiums and subordination terms), taken as a
whole, that are not materially less favorable to Borrower as the terms and conditions customary at
the time for high-yield subordinated debt securities issued in a public offering; provided
that a certificate of a Responsible Officer delivered to Administrative Agent at least 15 Business
Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description
of the material terms and conditions of such Indebtedness or drafts of the documentation relating
thereto, stating that Holdings has determined in good faith that such terms and conditions satisfy
the requirements of this definition shall be conclusive evidence that such terms and conditions
satisfy the foregoing requirement unless Administrative Agent notifies Holdings within 10 days of
receipt of such certificate that it disagrees with such determination.

          “RCRA Administrative Orders” means (a) the Administrative Order on Consent between the Seller
and the EPA dated October 21, 1994 pursuant to RCRA Docket No. VII-94-H-0020; and (b) the
Administrative Order on Consent between the Seller and the EPA dated January 12, 1996 pursuant to
RCRA Docket No. VII-95-H-0011, in each case including any subsequent amendments thereto.

          “Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or
otherwise) then owned by any Credit Party in any real property.

          “Refining” as defined in the preamble hereto.

          “Register” as defined in Section 2.7(b).

          “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

          “Related Agreements” means, collectively, the Swap Agreement, the Management Agreement and the
Partnership Agreement.

25

 

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

          “Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping,
deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material
into or through the indoor or outdoor environment.

          “Remedial Action” means all actions taken to (i) clean up, remove, remediate, contain, treat,
monitor, assess, evaluate or in any other way address Hazardous Materials in the environment; (ii)
perform pre-remedial studies and investigations and post-remedial operation and maintenance
activities; or (iii) any response actions authorized by 42 U.S.C. 9601 et. seq. or applicable state
law.

          “Replacement Lender” as defined in Section 2.23.

          “Requisite Lenders” means one or more Lenders having or holding Term Loan Exposure
representing more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders.

          “Restricted Junior Payment” means (i) any dividend or other distribution, direct or indirect,
on account of any shares of any class of stock of Holdings or Company now or hereafter outstanding,
except a dividend or other distribution payable solely in shares of Capital Stock; (ii) any payment
made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to
acquire shares of any class of stock of Holdings or Company now or hereafter outstanding; (iii)
management or similar fees payable to Sponsors or any of its Affiliates; and (iv) any payment or
prepayment of principal of, premium, if any, or interest on, or redemption, repurchase, retirement,
defeasance (including in substance or legal defeasance), sinking fund or similar payment with
respect to obligations arising as a result of terminations or reductions in the Swap Agreement.

          “Revolving Commitment” as defined in the Existing Credit Agreement.

          “Revolving Loan” as defined in the Existing Credit Agreement.

          “S&P” means Standard & Poor’s Ratings Group, a division of The McGraw Hill Corporation.

          “Sale Leaseback” means any transaction or series of related transactions pursuant to which
Company or any of its Subsidiaries (a) sells, transfers or otherwise disposes of any property, real
or personal, whether now owned or hereafter acquired, and (b) as part of such transaction,
thereafter rents or leases such property or other property that it intends to use for substantially
the same purpose or purposes as the property being sold, transferred or disposed.

          “Securities” means any stock, shares, partnership interests, voting trust certificates,
certificates of interest or participation in any profit-sharing agreement or arrangement, options,
warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured,
convertible, subordinated or otherwise, or in general any instruments

26

 

commonly known as “securities” or any certificates of interest, shares or participations in
temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to,
purchase or acquire, any of the foregoing.

          “Securities Act” means the Securities Act of 1933, as amended from time to time, and any
successor statute.

          “Seller” means Coffeyville Group Holdings, LLC.

          “Settlement Confirmation” as defined in Section 10.6(b).

          “Settlement Service” as defined in Section 10.6(d).

          “Significant Subsidiary” means any Subsidiary of Holdings now existing or hereafter acquired
or formed which, on a consolidated basis for such Subsidiary and all of its Subsidiaries, (i) for
the period of the most recent four full Fiscal Quarters of Holdings accounted for more than 5% of
the total consolidated revenues of Holdings and its Subsidiaries for such period or (ii) as at the
end of the most recent Fiscal Year, was the owner of more than 5% of the total consolidated assets
of Holdings and its Subsidiaries as at the end of such Fiscal Year; provided that each of
Coffeyville Resources Nitrogen Fertilizers, LLC, Coffeyville Refining & Marketing, LLC and
Coffeyville Resources Crude Transportation, LLC shall be a Significant Subsidiary.

          “Solvency Certificate” means a Solvency Certificate of the chief financial officer of Company
substantially in the form of Exhibit G-2.

          “Solvent” means, with respect to any Credit Party, that as of the date of determination, both
(i) (a) the sum of such Credit Party’s debt (including contingent liabilities) does not exceed the
present fair saleable value of such Credit Party’s present assets; (b) such Credit Party’s capital
is not unreasonably small in relation to its business; and (c) such Person has not incurred and
does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts
beyond its ability to pay such debts as they become due; and (ii) such Person is “solvent” within
the meaning given that term and similar terms under applicable laws relating to fraudulent
transfers and conveyances. For purposes of this definition, the amount of any contingent liability
at any time shall be computed as the amount that, in light of all of the facts and circumstances
existing at such time, represents the amount that can reasonably be expected to become an actual or
matured liability (irrespective of whether such contingent liabilities meet the criteria for
accrual under Statement of Financial Accounting Standard No. 5).

          “Special GP” means CVR Special GP, LLC, a Delaware limited liability company.

          “Specified Secured Hedge Indebtedness” as defined in the definition of “Obligations”.

          “Sponsor Guaranties” means each of the guaranties, dated the Closing Date from (i) GS Capital
Partners V Fund, L.P. and (ii) Kelso & Company, L.P., in the form of Exhibits I-1 and I-2 hereto,
respectively.

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          “Sponsors” means each of (i) GS Capital Partners V Fund, L.P. and its Affiliates (excluding
portfolio companies) and (ii) Kelso & Company, L.P. and its Affiliates (excluding portfolio
companies), and “Sponsors” shall refer collectively to the Persons referred to in clauses (i) and
(ii).

          “Subject Transaction” as defined in Section 6.8(d).

          “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than 50% of
the total voting power of shares of stock or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to
direct or cause the direction of the management and policies thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person or a combination thereof; provided, in determining the percentage of ownership
interests of any Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding. For purposes hereof,
except where otherwise expressly set forth herein, Company shall be deemed a Subsidiary of
Holdings. It is agreed and understood that notwithstanding any provision in this Agreement to the
contrary, as of the Closing Date, the MLP and the Special GP shall each be deemed to be
wholly-owned Subsidiaries of the Company.

          “Swap Agreement” means the ISDA Master Agreement dated as of June 24, 2005 by and between J.
Aron & Company (or any other subsidiary of The Goldman Sachs Group, Inc. that succeeds to J. Aron &
Company) and Company (including the schedules and any credit annex thereto and the confirmations
thereunder, including, without limitation, any confirmations entered into after the Closing Date),
pursuant to which the parties thereto have entered into certain commodity price derivative
transactions, as each may be amended, restated, supplemented or otherwise modified from time to
time to the extent permitted herein.

          “Swap Agreement Documents” means the Swap Agreement and each other document executed in
connection with the Swap Agreement, and any documents executed in connection with any refinancings
or replacements thereof to the extent permitted under Section 6.15, as each such document may be
amended, restated, supplemented or otherwise modified from time to time to the extent permitted
under Section 6.15.

          “Swing Line Loan” as defined in the Existing Credit Agreement.

          “Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction
or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever
imposed, levied, collected, withheld or assessed.

          “Term Loan” means a Term Loan made by a Lender to Company pursuant to Section 2.1(a).

          “Term Loan Commitment” means the commitment of a Lender to make or otherwise fund a Term Loan.

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          “Term Loan Exposure” means, with respect to any Lender as of any date of determination, the
sum of (a) the available and unused Term Loan Commitment of that Lender and (b) the aggregate
outstanding principal amount of the Term Loans of that Lender.

          “Term Loan Maturity Date” means the earlier to occur of (i) (A) January 31, 2008 or (B) if an
initial public offering shall occur on or prior to January 31, 2008, 364 days after the Closing
Date, and (ii) the date that all Term Loans shall become due and payable in full hereunder, whether
by acceleration or otherwise.

          “Term Loan Note” means a promissory note in the form of Exhibit B, as it may be amended,
supplemented or otherwise modified from time to time.

          “Term Loan Repayment Amount” as defined in the Existing Credit Agreement.

          “Terminal” as defined in the preamble hereto.

          “Terminated Lender” as defined in Section 2.23.

          “Total Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter or other date
of determination of (i) Consolidated Total Debt as of such day to (ii) Consolidated Adjusted EBITDA
for the four-Fiscal Quarter period ending on such date (or if such date of determination is not the
last day of a Fiscal Quarter, for the four-Fiscal Quarters period ending as of the most recently
concluded Fiscal Quarter).

          “Tranche D Term Loan Maturity Date” as defined in the Existing Credit Agreement

          “Transaction Costs” means the fees, costs and expenses payable by Holdings, Company or any of
Company’s Subsidiaries on or before the Closing Date in connection with the transactions
contemplated by the Credit Documents and other credit documents related thereto.

          “Transportation” as defined in the preamble hereto.

          “Type of Loan” means a Base Rate Loan or a Eurodollar Rate Loan.

          “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in
effect in any applicable jurisdiction.

          “Unadjusted Eurodollar Rate Component” means that component of the interest costs to Company
in respect of a Eurodollar Rate Loan that is based upon the rate obtained pursuant to clause (i) of
the definition of Adjusted Eurodollar Rate.

          “Underwriting Fees” as defined in Section 2.14(e).

     1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting terms
not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP.
Financial statements and other information required to be delivered by Company to

29

 

Lenders pursuant to Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect at the
time of such preparation (and delivered together with the reconciliation statements provided for in
Section 5.1(e), if applicable). If at any time any change in GAAP would affect the computation of
any financial ratio or requirement set forth in any Credit Document, and Company shall so request,
Administrative Agent and Company shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of
Requisite Lenders), provided that, until so amended, such ratio or requirement shall
continue to be computed in accordance with GAAP prior to such change therein and Company shall
provide to Administrative Agent and Lenders reconciliation statements provided for in Section
5.1(e).

     1.3. Interpretation, etc. Any of the terms defined herein may, unless the context otherwise
requires, be used in the singular or the plural, depending on the reference. References herein to
any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an
Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the
word “include” or “including”, when following any general statement, term or matter, shall not be
construed to limit such statement, term or matter to the specific items or matters set forth
immediately following such word or to similar items or matters, whether or not no limiting language
(such as “without limitation” or “but not limited to” or words of similar import) is used with
reference thereto, but rather shall be deemed to refer to all other items or matters that fall
within the broadest possible scope of such general statement, term or matter.

SECTION 2. LOANS

     2.1. Term Loans.

          (a) Loan Commitments. Subject to the terms and conditions hereof, each
Lender having a Term Loan Commitment severally agrees to lend to the Company on the
Closing Date, a Term Loan in an amount equal to such Lender’s Term Loan Commitment.
Company may make only one borrowing under the Term Loan Commitment which shall be on the
Closing Date. Any amount borrowed under this Section 2.1(a) and subsequently repaid or
prepaid may not be reborrowed. Subject to Sections 2.13(a) and 2.14, all amounts owed
hereunder with respect to the Term Loans shall be paid in full no later than the Term Loan
Maturity Date. Each Lender’s Term Loan Commitment shall terminate immediately and
without further action on the Closing Date after giving effect to the funding of such
Lender’s Term Loan Commitment on such date.

          (b) Borrowing Mechanics for the Term Loans.

          (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no
later than (x) three days prior to the Closing Date in the case of Eurodollar Rate Loans and
(y) on the Closing Date in the case of Base Rate Loans.
Promptly upon receipt by Administrative Agent of the Funding Notice, Administrative
Agent shall notify each Lender of the proposed borrowing.

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          (ii) Each Lender shall make its Term Loan available to Administrative Agent not later
than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds
in Dollars, at the Principal Office designated by Administrative Agent. Upon satisfaction
or waiver of the conditions precedent set forth in Section 3.1, Administrative Agent shall
make the proceeds of the Term Loans available to Company on the Closing Date by causing an
amount of same day funds in Dollars equal to the proceeds of all such Loans received by
Administrative Agent from Lenders to be credited to the account of Company as designated in
writing to Administrative Agent by Company.

     2.2. [Reserved].

     2.3. [Reserved].

     2.4. [Reserved].

     2.5. Pro Rata Shares; Availability of Funds.

          (a) Pro Rata Shares. All Loans shall be made, and all participations
purchased, by Lenders simultaneously and proportionately to their respective Pro Rata
Shares, it being understood that no Lender shall be responsible for any default by any
other Lender in such other Lender’s obligation to make a Loan requested hereunder or
purchase a participation required hereby nor shall any Term Loan Commitment of any Lender
be increased or decreased as a result of a default by any other Lender in such other
Lender’s obligation to make a Loan requested hereunder or purchase a participation
required hereby.

          (b) Availability of Funds. Unless Administrative Agent shall have been
notified by any Lender prior to the Closing Date that such Lender does not intend to make
available to Administrative Agent the amount of such Lender’s Loan requested on the
Closing Date, Administrative Agent may assume that such Lender has made such amount
available to Administrative Agent on the Closing Date and Administrative Agent may, in its
sole discretion, but shall not be obligated to, make available to Company a corresponding
amount on the Closing Date. If such corresponding amount is not in fact made available to
Administrative Agent by such Lender, Administrative Agent shall be entitled to recover
such corresponding amount on demand from such Lender together with interest thereon, for
each day from the Closing Date until the date such amount is paid to Administrative Agent,
at the customary rate set by Administrative Agent for the correction of errors among banks
for three Business Days and thereafter at the Base Rate. If such Lender does not pay such
corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent
shall promptly notify Company and Company shall immediately pay such corresponding amount
to Administrative Agent together with interest thereon, for each day from the Closing Date
until the date such amount is paid to Administrative Agent, at the rate payable hereunder
for Base Rate Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender
from its obligation to fulfill its Term Loan

31

 

Commitments hereunder or to prejudice any
rights that Company may have against any Lender as a result of any default by such Lender
hereunder.

     2.6. Use of Proceeds. The proceeds of the Term Loans made on the Closing Date shall be
applied by Company for working capital and general corporate purposes of Company and its
Subsidiaries. No portion of the proceeds of the Credit Extension shall be used in any manner that
causes or might cause such Credit Extension or the application of such proceeds to violate
Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System
or any other regulation thereof or to violate the Exchange Act.

     2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes.

          (a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal
records an account or accounts evidencing the Obligations of Company to such Lender,
including the amounts of the Loans made by it and each repayment and prepayment in respect
thereof. Any such recordation shall be conclusive and binding on Company, absent manifest
error; provided, that the failure to make any such recordation, or any error in
such recordation, shall not affect the Company’s Obligations in respect of any applicable
Loans; and provided further, in the event of any inconsistency between the
Register and any Lender’s records, the recordations in the Register shall govern.

          (b) Register. Administrative Agent (or its agent or sub-agent appointed by
it) shall maintain at the Principal Office a register for the recordation of the names and
addresses of Lenders and the Term Loan Commitments of each Lender from time to time (the
“Register”). The Register, as in effect at the close of business on the preceding
Business Day, shall be available for inspection by Company or any Lender at any reasonable
time and from time to time upon reasonable prior notice. Administrative Agent shall
record, or shall cause to be recorded, in the Register the Loans in accordance with the
provisions of Section 10.6, and each repayment or prepayment in respect of the principal
amount of the Loans, and any such recordation shall be conclusive and binding on Company
and each Lender, absent manifest error; provided, that the failure to make any
such recordation, or any error in such recordation, shall not affect Company’s Obligations
in respect of any Loan. Company hereby designates GSCP to serve as Company’s agent solely
for purposes of maintaining the Register as provided in this Section 2.7, and Company
hereby agrees that, to the extent GSCP serves in such capacity, GSCP and its officers,
directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees.”

          (c) Notes. If so requested by any Lender by written notice to Company (with
a copy to Administrative Agent) at least two Business Days prior to the Closing Date, or
at any time thereafter, Company shall execute and deliver to such Lender (and/or, if
applicable and if so specified in such notice, to any Person who is an assignee of such
Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is delivered
after the Closing Date, promptly after Company’s receipt of such notice) a Note or Notes
to evidence such Lender’s Term Loan.

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     2.8. Interest on Loans.

          (a) Except as otherwise set forth herein, the Loan shall bear interest on the unpaid
principal amount thereof from the date made through repayment (whether by acceleration or
otherwise) thereof as follows:

          (i) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or

          (ii) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable
Margin.

          (b) The basis for determining the rate of interest with respect to any Loan, and the
Interest Period with respect to any Eurodollar Rate Loan, shall be selected by Company and
notified to Administrative Agent and Lenders pursuant to the Funding Notice or the
applicable Conversion/Continuation Notice, as the case may be; provided, on the
Closing Date the Term Loans shall be maintained as either (1) Eurodollar Rate Loans having
an Interest Period of no longer than one month or (2) Base Rate Loans. If on any day a
Loan is outstanding with respect to which the Funding Notice or a Conversion/Continuation
Notice has not been delivered to Administrative Agent in accordance with the terms hereof
specifying the applicable basis for determining the rate of interest, then for that day
such Loan shall be continued a Base Rate Loan.

          (c) In connection with Eurodollar Rate Loans there shall be no more than five (5)
Interest Periods outstanding at any time. In the event Company fails to specify between a
Base Rate Loan or a Eurodollar Rate Loan in the Funding Notice or the applicable
Conversion/Continuation Notice, such Loan (if outstanding as a Eurodollar Rate Loan) will
be automatically converted into a Base Rate Loan on the last day of the then-current
Interest Period for such Loan (or if outstanding as a Base Rate Loan will remain as, or
(if not then outstanding) will be made as, a Base Rate Loan). In the event Company fails
to specify an Interest Period for any Eurodollar Rate Loan in the Funding Notice or the
applicable Conversion/Continuation Notice, Company shall be deemed to have selected an
Interest Period of one month. As soon as practicable on each Interest Rate Determination
Date, Administrative Agent shall determine (which determination shall, absent manifest
error, be final, conclusive and binding upon all parties) the interest rate that shall
apply to the Eurodollar Rate Loans for which an interest rate is then being determined for
the applicable Interest Period and
shall promptly give notice thereof (in writing or by telephone confirmed in writing)
to Company and each Lender.

          (d) Interest payable pursuant to Section 2.8(a) shall be computed (i) in the case of
Base Rate Loans on the basis of a 365-day or 366-day year, as the case may be, and (ii) in
the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the
actual number of days elapsed in the period during which it accrues. In computing
interest on any Loan, the date of the making of such Loan or the first day of an Interest
Period applicable to such Loan or the last Interest Payment Date or, with respect to a
Base Rate Loan being converted from a Eurodollar Rate Loan, the date of

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conversion of such
Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be included, and
the date of payment of such Loan or the expiration date of an Interest Period applicable
to such Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate
Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the
case may be, shall be excluded; provided, if a Loan is repaid on the same day on
which it is made, one day’s interest shall be paid on that Loan.

          (e) Except as otherwise set forth herein, interest on each Loan (i) shall accrue on a
daily basis and shall be payable in arrears on each Interest Payment Date with respect to
interest accrued on and to each such payment date; (ii) shall accrue on a daily basis and
shall be payable in arrears upon any prepayment of that Loan, whether voluntary or
mandatory, to the extent accrued on the amount being prepaid; and (iii) shall accrue on a
daily basis and shall be payable in arrears at maturity of the Loans, including final
maturity of the Loans; provided, however, with respect to any voluntary prepayment
of a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest
Payment Date.

     2.9. Conversion/Continuation.

          (a) Subject to Section 2.18 and so long as no Default or Event of Default shall have
occurred and then be continuing, Company shall have the option:

          (i) to convert at any time all or any part of any Term Loan equal to $1,000,000 and
integral multiples of $1,000,000 in excess of that amount from one Type of Loan to another
Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the
expiration of the Interest Period applicable to such Eurodollar Rate Loan unless Company
shall pay all amounts due under Section 2.18 in connection with any such conversion; or

          (ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan,
to continue all or any portion of such Loan equal to $1,000,000 and integral multiples of
$1,000,000 in excess of that amount as a Eurodollar Rate Loan.

          (b) Company shall deliver a Conversion/Continuation Notice to Administrative Agent no
later than 10:00 a.m. (New York City time) at least one
Business Day in advance of the proposed conversion date (in the case of a conversion
to a Base Rate Loan) and at least three Business Days in advance of the proposed
conversion/continuation date (in the case of a conversion to, or a continuation of, a
Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation
Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic
notice in lieu thereof) shall be irrevocable on and after the related Interest Rate
Determination Date, and Company shall be bound to effect a conversion or continuation in
accordance therewith.

     2.10. Default Interest. Upon the occurrence and during the continuance of an Event of
Default, to the extent permitted by applicable law, any overdue amounts owed hereunder, shall

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thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy
Code or other applicable bankruptcy laws) payable on demand at a rate that is 2% per annum in
excess of the interest rate otherwise payable hereunder with respect to the applicable Loans (or,
in the case of any such fees and other amounts, at a rate which is 2% per annum in excess of the
interest rate otherwise payable hereunder for Base Rate Loans); provided, in the case of
Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time any such
increase in interest rate is effective such Eurodollar Rate Loans shall thereupon become Base Rate
Loans and shall thereafter bear interest payable upon demand at a rate which is 2% per annum in
excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance
of the increased rates of interest provided for in this Section 2.10 is not a permitted alternative
to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice
or limit any rights or remedies of Administrative Agent or any Lender.

     2.11. Fees. Company agrees to pay to Agents all fees in the amounts and at the times
separately agreed upon.

     2.12. Repayment. The Term Loans, together with all other amounts owed hereunder with respect
thereto, shall be paid in full on the Term Loan Maturity Date; provided that if the Term Loans are
outstanding after January 31, 2008, then the Term Loans shall be subject to quarterly amortization
payments which shall be payable 15 days after the last day of each Fiscal Quarter, commencing with
the Fiscal Quarter ending March 31, 2008, in an amount equal to 37.5% of Estimated Excess Cash Flow
for such Fiscal Quarter and the remaining outstanding principal amount of such Term Loans, together
with all other amounts owed hereunder with respect thereto shall be paid in full on the Term Loan
Maturity Date. Each such quarterly amortization payment shall be accompanied by a certificate of
the chief financial officer of Company providing reasonable detail as to the calculation of such
amortization payment.

     2.13. Voluntary Prepayments.

          (a) Voluntary Prepayments.

          (i) Any time and from time to time: with respect to Base Rate Loans or Eurodollar Rate
Loans, Company may prepay any such Loans on any Business Day in whole or in part, in an
aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of
that amount.

          (ii) All such prepayments shall be made:

               (1) upon not less than one Business Day’s prior written or
telephonic notice in the case of Base Rate Loans; and

               (2) upon not less than three Business Days’ prior written or
telephonic notice in the case of Eurodollar Rate Loans.

in each case given to Administrative Agent by 12:00 p.m. (New York City time) on the date required
and, if given by telephone, promptly confirmed in writing to Administrative Agent (and

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Administrative Agent will promptly notify each Lender). Upon the giving of any such notice, the
principal amount of the Loans specified in such notice shall become due and payable on the
prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in
Section 2.15(a).

          (b) Restrictions on Voluntary Prepayments. Notwithstanding the provisions of
this Section 2.13, no voluntary prepayments of Term Loans shall be made with proceeds of
the Parent Credit Agreement.

2.14. Mandatory Prepayments

          (a) [Reserved].

          (b) Insurance/Condemnation Proceeds. No later than the first Business Day
following the date of receipt (or with respect to incurance proceeds other than Net
Insurance/Condemnation Proceeds, including business interruption insurance, the first
Business Day two months after such date of receipt) by Holdings or any of its
Subsidiaries, or Administrative Agent as loss payee, of any Net Insurance/Condemnation
Proceeds or any other insurance proceeds (including proceeds of business interruption
insurance), Company shall prepay the Loans in an aggregate amount equal to such Net
Insurance/Condemnation Proceeds or such other insurance proceeds (including proceeds of
business interruption insurance) in excess of the amount applied in accordance with
Section 2.14(b) of the Existing Credit Agreement; provided that no payment pursuant to
this Section 2.14(b) shall be required (i) if such payment would conflict with Section
2.14(b) of the Existing Credit Agreement, (ii) if such other insurance proceeds (including
proceeds of business interruption insurance) would be included in the calculation of
Consolidated Net Income for the period in which such proceeds are received, (iii) if such
other insurance proceeds are obligated to be paid to Persons other than the the
Administrative Agent (including, without
limitation, under the Swap Agreement) or (iv) if there is a corresponding liability
in respect of which such insurance proceeds are to be utilized.

          (c) [Reserved].

          (d) [Reserved].

          (e) Issuance of Equity. No later than the first Business Day following the
receipt by any of Parent, Holdings or any of Subsidiary of Holdings of any Cash proceeds
from (i) any issuance of Capital Stock (other than a capital contribution by, or the
issuance of any Capital Stock of, Parent, Holdings, or any Subsidiary of Holdings to, any
Sponsor) or (ii) any IPO or secondary registered offering of any equity interests of
Parent, Holdings or any of Subsidiary of Holdings in the aggregate in excess of
$280,000,000 net of Underwriting Fees, Company shall prepay the Term Loans as set forth in
Section 2.15(b) in an aggregate amount equal to 100% of such Cash proceeds received for
all such offerings, net of underwriting discounts and commissions and other reasonable
costs and expenses associated therewith, including reasonable legal

36

 

fees and expenses (“Underwriting Fees”). All IPO proceeds shall be applied on a cumulative basis in the
following order: (A) first, to prepay the outstanding term loans under the Existing Credit
Agreement in amount not to exceed $280,000,000 net of Underwriting Fees, (B) second, to
prepay the outstanding term loans under the Parent Credit Agreement, and (C) third, to
prepay the outstanding Term Loans under this Agreement. Notwithstanding the forgoing, if
the IPO proceeds shall exceed $280,000,000 (“Qualified IPO Proceeds”) net of Underwriting
Fees, Company may repay the outstanding Revolving Loans in the amount required to cause
the aggregate unused amount of Revolving Commitments to equal $50,000,000, prior to the
prepayment of the outstanding term loans under each of the Parent Credit Agreement, the
Opco Secured Credit Agreement, and this Agreement as set forth in this clause (e);
provided, that the aggregate amount of all such repayments of Revolving Loans
shall not exceed $50,000,000 in the aggregate.

          (f) [Reserved].

          (g) Prepayment Certificate. Concurrently with any prepayment of the Loans
pursuant to Sections 2.14(b) and 2.14(e), Company shall deliver to Administrative Agent a
certificate of an Authorized Officer demonstrating the calculation of the amount of the
applicable net proceeds. In the event that Company shall subsequently determine that the
actual amount received exceeded the amount set forth in such certificate, Company shall
promptly make an additional prepayment of the Loans and Company shall concurrently
therewith deliver to Administrative Agent a certificate of an Authorized Officer
demonstrating the derivation of such excess.

          (h) Restrictions on Prepayments. Notwithstanding the provisions of this
Section 2.14, no mandatory prepayment of Term Loans pursuant to clause (e) shall be made
prior to the repayment in full of all Obligations under and as defined the Parent Credit
Agreement, unless otherwise consented to by the lenders under the Parent Credit Agreement.

     2.15. Application of Prepayments.

          (a) Application of Prepayments of Loans. Any prepayment of any Term Loan
pursuant to Section 2.13(a), 2.14(b) and 2.14(e) shall be applied to reduce the remaining
principal amount of the Term Loans.

          (b) Application of Prepayments of Term Loans to Base Rate Loans and Eurodollar
Rate Loans. Any prepayment of Term Loans shall be applied first to Base Rate Loans to
the full extent thereof before application to Eurodollar Rate Loans, in each case in a
manner which minimizes the amount of any payments required to be made by Company pursuant
to Section 2.18(c).

     2.16. General Provisions Regarding Payments.

          (a) All payments by Company of principal, interest, fees and other Obligations shall
be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any
restriction or condition, and delivered to Administrative

37

 

Agent not later than 12:00 p.m. (New York City time) on the date due at the Principal Office designated by Administrative
Agent for the account of Lenders; for purposes of computing interest and fees, funds
received by Administrative Agent after that time on such due date shall be deemed to have
been paid by Company on the next succeeding Business Day.

          (b) All payments in respect of the principal amount of any Loan shall be accompanied
by payment of accrued interest on the principal amount being repaid or prepaid without
premium or penalty subject to Section 2.18(c).

          (c) Administrative Agent (or its agent or sub-agent appointed by it) shall promptly
distribute to each Lender at such address as such Lender shall indicate in writing, such
Lender’s applicable Pro Rata Share of all payments and prepayments of principal and
interest due hereunder, together with all other amounts due thereto, including, without
limitation, all fees payable with respect thereto, to the extent received by
Administrative Agent.

          (d) Notwithstanding the foregoing provisions hereof, if any Conversion/Continuation
Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate
Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent
shall give effect thereto in apportioning payments received thereafter.

          (e) Subject to the provisos set forth in the definition of “Interest Period”,
whenever any payment to be made hereunder with respect to any Loan shall be stated to be
due on a day that is not a Business Day, such payment shall be made on the next succeeding
Business Day and, such extension of time shall be included in the computation of the
payment of interest hereunder.

          (f) Company hereby authorizes Administrative Agent to charge Company’s accounts with
Administrative Agent in order to cause timely payment to be made to Administrative Agent
of all principal, interest, fees and expenses due hereunder (subject to sufficient funds
being available in its accounts for that purpose).

          (g) Administrative Agent shall deem any payment by or on behalf of Company hereunder
that is not made in same day funds prior to 12:00 p.m. (New York City time) to be a
non-conforming payment. Any such payment shall not be deemed to have been received by
Administrative Agent until the later of (i) the time such funds become available funds,
and (ii) the applicable next Business Day. Administrative Agent shall give prompt
telephonic notice to Company and each applicable Lender (confirmed in writing) if any
payment is non-conforming. Any non-conforming payment may constitute or become a Default
or Event of Default in accordance with the terms of Section 8.1(a). Interest shall
continue to accrue on any principal as to which a non-conforming payment is made until
such funds become available funds (but in no event less than the period from the date of
such payment to the next succeeding applicable Business Day) at the rate determined
pursuant to Section 2.10 from the date such amount was due and payable until the date such
amount is paid in full.

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          (h) If an Event of Default shall have occurred and not otherwise been waived, and the
maturity of the Obligations shall have been accelerated pursuant to Section 8.1, all
payments or proceeds received by Agents hereunder in respect of any of the Obligations,
shall be applied in accordance with the terms hereof.

     2.17. Ratable Sharing. Lenders hereby agree among themselves that, if any of them shall,
whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in
accordance with the terms hereof), through the exercise of any right of set-off or banker’s lien,
by counterclaim or cross action or by the enforcement of any right under the Credit Documents or
otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy
Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest,
fees and other amounts then due and owing to such Lender hereunder or under the other Credit
Documents (collectively, the “Aggregate Amounts Due” to such Lender) which is greater than the
proportion received by any other Lender in respect of the Aggregate Amounts Due to such other
Lender, then the Lender receiving such proportionately greater payment shall (a) notify
Administrative Agent and each other Lender of the receipt of such payment and (b) apply a portion
of such payment to purchase participations (which it shall be deemed to have purchased from each
seller of a participation simultaneously upon the receipt by such seller of its portion of such
payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate
Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them;
provided, if all or part of such proportionately greater payment received by such
purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of
Company or otherwise, those purchases shall be rescinded and the purchase prices paid for such
participations shall be returned to such purchasing Lender ratably to the extent of such recovery,
but without interest. Company expressly consents to the foregoing arrangement and agrees that any
holder of a participation so purchased may exercise any and all rights of banker’s lien, set-off or
counterclaim with respect to any and all monies owing by Company to that holder with respect thereto as fully as if that holder were owed the
amount of the participation held by that holder.

     2.18. Making or Maintaining Eurodollar Rate Loans.

          (a) Inability to Determine Applicable Interest Rate. In the event that
Administrative Agent shall have determined (which determination shall be final and
conclusive and binding upon all parties hereto absent manifest error), on any Interest
Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of
circumstances affecting the London interbank market adequate and reasonable means do not
exist for ascertaining the interest rate applicable to such Loans on the basis provided
for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date
give notice (by telefacsimile or by telephone confirmed in writing) to Company and each
Lender of such determination, whereupon (i) no Loans may be made as, or converted to,
Eurodollar Rate Loans until such time as Administrative Agent notifies Company and Lenders
that the circumstances giving rise to such notice no longer exist, and (ii) the Funding
Notice or any Conversion/Continuation Notice given by Company with respect to the Loans in
respect of which such determination was made shall be deemed to be rescinded by Company.

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          (b) Illegality or Impracticability of Eurodollar Rate Loans. In the event
that on any date any Lender shall have reasonably determined (which determination shall be
final and conclusive and binding upon all parties hereto but shall be made only after
consultation with Company and Administrative Agent) that the making, maintaining or
continuation of its Eurodollar Rate Loans (i) has become unlawful as a result of
compliance by such Lender in good faith with any law, treaty, governmental rule,
regulation, guideline or order (or would conflict with any such treaty, governmental rule,
regulation, guideline or order not having the force of law even though the failure to
comply therewith would not be unlawful), or (ii) has become impracticable, as a result of
contingencies occurring after the Closing Date which materially and adversely affect the
London interbank market or the position of such Lender in that market, then, and in any
such event, such Lender shall be an “Affected Lender” and it shall on that day give notice
(by telefacsimile or by telephone confirmed in writing) to Company and Administrative
Agent of such determination (which notice Administrative Agent shall promptly transmit to
each other Lender). Thereafter (1) the obligation of the Affected Lender to make Loans
as, or to convert Loans to, Eurodollar Rate Loans shall be suspended until such notice
shall be withdrawn by the Affected Lender, (2) to the extent such determination by the
Affected Lender relates to a Eurodollar Rate Loan then being requested by Company pursuant
to the Funding Notice or a Conversion/Continuation Notice, the Affected Lender shall make
such Loan as (or continue such Loan as or convert such Loan to, as the case may be) a Base
Rate Loan, (3) the Affected Lender’s obligation to maintain its outstanding Eurodollar
Rate Loans (the “Affected Loans”) shall be terminated at the earlier to occur of the
expiration of the Interest Period then in effect with respect to the Affected Loans or
when required by law, and (4) the Affected Loans shall automatically convert into Base
Rate Loans on the date of such termination. Notwithstanding the foregoing,
to the extent a determination by an Affected Lender as described above relates to a
Eurodollar Rate Loan then being requested by Company pursuant to the Funding Notice or a
Conversion/Continuation Notice, Company shall have the option, subject to the provisions
of Section 2.18(c), to rescind the Funding Notice or such Conversion/Continuation Notice
as to all Lenders by giving notice (by telefacsimile or by telephone confirmed in writing)
to Administrative Agent of such rescission on the date on which the Affected Lender gives
notice of its determination as described above (which notice of rescission Administrative
Agent shall promptly transmit to each other Lender). Except as provided in the
immediately preceding sentence, nothing in this Section 2.18(b) shall affect the
obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to
convert Loans to, Eurodollar Rate Loans in accordance with the terms hereof.

          (c) Compensation for Breakage or Non-Commencement of Interest Periods.
Company shall compensate each Lender, upon written request by such Lender (which request
shall set forth the basis for requesting such amounts), for all reasonable losses,
expenses and liabilities (including any interest paid by such Lender to lenders of funds
borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or
liability sustained by such Lender in connection with the liquidation or re-employment of
such funds but excluding loss of anticipated profits) which such Lender may sustain: (i)
if for any reason (other than a default by such Lender) a

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borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in the Funding Notice or a telephonic
request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does
not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic
request for conversion or continuation; (ii) if any prepayment or other principal payment
of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the
last day of an Interest Period applicable to that Loan; and (iii) if any prepayment of any
of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment
given by Company.

          (d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer
Eurodollar Rate Loans at, to, or for the account of any of its branch offices or the
office of an Affiliate of such Lender.

          (e) Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation of
all amounts payable to a Lender under this Section 2.18, Section 2.19 and Section 2.20
shall be made as though such Lender had actually funded each of its relevant Eurodollar
Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate
obtained pursuant to clause (i) of the definition of Adjusted Eurodollar Rate in an amount
equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the
relevant Interest Period and through the transfer of such Eurodollar deposit from an
offshore office of such Lender to a domestic office of such Lender in the United States of
America; provided, however, each Lender may fund each of its Eurodollar
Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only
for the purposes of calculating amounts payable under this Section 2.18, Section 2.19 and
Section 2.20.

     2.19. Increased Costs; Capital Adequacy.

          (a) Compensation For Increased Costs. Subject to the provisions of Section
2.20 (which shall be controlling with respect to the matters covered thereby), in the
event that any Lender shall determine (which determination shall, absent manifest error,
be final and conclusive and binding upon all parties hereto) that any law, treaty or
governmental rule, regulation or order, or any change therein or in the interpretation,
administration or application thereof (including the introduction of any new law, treaty
or governmental rule, regulation or order), or any determination of a court or
governmental authority, in each case that is issued and becomes effective after the
Closing Date, or compliance by such Lender with any guideline, request or directive issued
or made after the Closing Date by any central bank or other governmental or
quasi-governmental authority (whether or not having the force of law): (i) subjects such
Lender (or its applicable lending office) to any additional stamp or documentary tax or
any other excise taxes or similar charges or levies with respect to this Agreement or any
of the other Credit Documents or any of its obligations hereunder or thereunder or any
payments to such Lender (or its applicable lending office) of principal, interest, fees or
any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve
(including any marginal, emergency, supplemental, special or other reserve), special
deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or
deposits or other liabilities in or for the account of, or advances or loans by,

41

 

or other credit extended by, or any other acquisition of funds by, any office of such Lender (other
than any such reserve or other requirements with respect to Eurodollar Rate Loans that are
reflected in the definition of Adjusted Eurodollar Rate); or (iii) imposes any other
condition (other than with respect to a Tax matter) on or affecting such Lender (or its
applicable lending office) or its obligations hereunder or the London interbank market;
and the result of any of the foregoing is to increase the cost to such Lender of agreeing
to make, making or maintaining Loans hereunder or to reduce any amount received or
receivable by such Lender (or its applicable lending office) with respect thereto; then,
in any such case, Company shall promptly pay to such Lender, upon receipt of the statement
referred to in the next sentence, such additional amount or amounts (in the form of an
increased rate of, or a different method of calculating, interest or otherwise as such
Lender in its sole discretion shall determine) as may be necessary to compensate such
Lender for any such increased cost or reduction in amounts received or receivable
hereunder. Such Lender shall deliver to Company (with a copy to Administrative Agent) a
written statement, setting forth in reasonable detail the basis for calculating the
additional amounts owed to such Lender under this Section 2.19(a), which statement shall
be conclusive and binding upon all parties hereto absent manifest error.

          (b) Capital Adequacy Adjustment. In the event that any Lender shall have
determined that the adoption, effectiveness, phase-in or applicability after the Closing
Date of any law, rule or regulation (or any provision thereof) regarding capital adequacy,
or any change therein or in the interpretation or administration thereof by any
Governmental Authority, central bank or comparable agency charged with the interpretation
or administration thereof, or compliance by any Lender (or its applicable
lending office) with any guideline, request or directive regarding capital adequacy
(whether or not having the force of law) of any such Governmental Authority, central bank
or comparable agency, has or would have the effect of reducing the rate of return on the
capital of such Lender or any corporation controlling such Lender as a consequence of, or
with reference to, such Lender’s Loans or participations therein or other obligations
hereunder with respect to the Loans to a level below that which such Lender or such
controlling corporation could have achieved but for such adoption, effectiveness,
phase-in, applicability, change or compliance (taking into consideration the policies of
such Lender or such controlling corporation with regard to capital adequacy), then from
time to time, within five Business Days after receipt by Company from such Lender of the
statement referred to in the next sentence, Company shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such controlling
corporation on an after-tax basis for such reduction. Such Lender shall deliver to Company
(with a copy to Administrative Agent) a written statement, setting forth in reasonable
detail the basis for calculating the additional amounts owed to Lender under this Section
2.19(b), which statement shall be conclusive and binding upon all parties hereto absent
manifest error.

     2.20. Taxes; Withholding, etc.

          (a) Payments to Be Free and Clear. All sums payable by any Credit Party
hereunder and under the other Credit Documents shall (except to the extent

42

 

required by law) be paid free and clear of, and without any deduction or withholding on account of,
any Tax imposed, levied, collected, withheld or assessed by or within the United States of
America or any political subdivision in or of the United States of America or any other
jurisdiction from or to which a payment is made by or on behalf of any Credit Party or by
any federation or organization of which the United States of America or any such
jurisdiction is a member at the time of payment.

          (b) Withholding of Taxes. If any Credit Party or any other Person is
required by law to make any deduction or withholding on account of any Tax imposed by the
United States of America or any political subdivision thereof (which Tax shall (i) exclude
any tax imposed by a Governmental Authority as a result of a connection or former
connection between such Lender or Administrative Agent (as the case may be) and the
jurisdiction imposing such Tax, including without limitation, any connection arising from
being a citizen, domiciliary or resident of such jurisdiction, being organized in such
jurisdiction, or having a permanent establishment or fixed place of business therein, but
excluding any connection arising solely from the rights and obligations as a Lender, or
the activities of such Lender, pursuant to or in respect of this Agreement or the Credit
Documents, and (ii) include any tax (other than a net income tax) imposed both as a result
of a connection between a Lender or Administrative Agent (as the case may be) and the
jurisdiction imposing such tax and as a result of a connection between the Company and the
jurisdiction imposing such tax) from any sum paid or payable by any Credit Party to
Administrative Agent or any Lender under any of the Credit Documents: (i) Company shall
notify Administrative Agent of any such requirement or any change in any such requirement
as soon as Company becomes
aware of it; (ii) Company shall pay any such Tax before the date on which penalties
attach thereto, such payment to be made (if the liability to pay is imposed on any Credit
Party) for its own account or (if that liability is imposed on Administrative Agent or
such Lender, as the case may be) on behalf of and in the name of Administrative Agent or
such Lender; (iii) the sum payable by such Credit Party in respect of which the relevant
deduction, withholding or payment is required shall be increased to the extent necessary
to ensure that, after the making of that deduction, withholding or payment, Administrative
Agent or such Lender, as the case may be, receives on the due date a net sum equal to what
it would have received had no such deduction, withholding or payment been required or made
after deduction for all Taxes not indemnified hereunder and for which additional amounts
are not payable hereunder; and (iv) within thirty days after paying any sum from which it
is required by law to make any deduction or withholding, and within thirty days after the
due date of payment of any Tax which it is required by clause (ii) above to pay, Company
shall deliver to Administrative Agent evidence satisfactory to the other affected parties
of such deduction, withholding or payment and of the remittance thereof to the relevant
taxing or other authority; provided, no such additional amount shall be required to be
paid under clause (ii) or (iii) above except to the extent that the deduction, withholding
or payment in respect of which such additional amount is required to be paid results from
a change in any applicable law, treaty or governmental rule, regulation or order, or any
change in the interpretation, administration or application thereof, after the Closing
Date (in the case of each Lender listed on the signature pages hereof on the Closing Date)
or after the effective date of the Assignment Agreement pursuant to which such Lender
became a

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Lender (in the case of each other Lender) relating to such requirement for a
deduction, withholding or payment (or the rate thereof) from that in effect at the Closing
Date or at the date of such Assignment Agreement, as the case may be, in respect of
payments to such Lender, except to the extent that such Lender’s assignor (if any) was
entitled, at the time of assignment, to receive additional amounts from Company with
respect to Taxes pursuant to this Section 2.20.

          (c) Evidence of Exemption From U.S. Withholding Tax. Each Lender (or other
Person beneficially entitled to receive payments under the Credit Documents) that is not a
United States Person (as such term is defined in Section 7701(a)(30) of the Internal
Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall deliver to
Administrative Agent for transmission to Company, on or prior to the Closing Date (in the
case of each Lender party hereto on the Closing Date) or on or prior to the date of the
Assignment Agreement pursuant to which it becomes a Lender (in the case of each other
Lender), and at such other times as may be necessary in the determination of Company or
Administrative Agent (each in the reasonable exercise of its discretion), (i) two original
copies of Internal Revenue Service Form W-8ECI (or any successor forms) or, if such Lender
or other Person is unable to deliver such forms, two original copies of Internal Revenue
Service Form W-8BEN (or any successor forms), properly completed and duly executed by such
Lender (or, in the case of a pass-through entity, each of its beneficial owners), and such
other documentation required under the Internal Revenue Code or reasonably requested in
writing by Company to establish that such Lender (or, in the case of a pass-through
entity, each of its beneficial owners) is not subject to (or is subject to a reduced rate
of) deduction or withholding of
United States federal income tax with respect to any payments to such Lender of
principal, interest, fees or other amounts payable under any of the Credit Documents, or
(ii) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the
Internal Revenue Code and cannot comply with clause (i) above, a Certificate re Non-Bank
Status together with two original copies of Internal Revenue Service Form W-8BEN (or any
successor form), properly completed and duly executed by such Lender (or, in the case of a
pass-through entity, each of its beneficial owners), and such other documentation required
under the Internal Revenue Code or reasonably requested by Company to establish that such
Lender is not subject to deduction or withholding of United States federal income tax with
respect to any payments to such Lender of interest payable under any of the Credit
Documents. Each Lender making a Loan to Company that is a United States person (as such
term is defined in Section 7701(a)(30) of the Internal Revenue Code) and is not a person
whose name indicates that it is an “exempt recipient” (as such term is defined in Section
1.6049-4(c)(ii) of the United States Treasury Regulations) shall deliver to Company on or
prior to the Closing Date (in the case of each Lender party hereto on the Closing Date) or
on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender
(in the case of each other Lender), and at such other times as may be necessary in the
determination of Company (in the reasonable exercise of its discretion) two original
copies of Form W-9 (or successor forms). Notwithstanding anything to the contrary, each
Lender shall not be obligated to submit any form that such Lender is legally not eligible
to deliver; provided, however, that each such Lender shall notify Company
in writing of such ineligibility. Each Lender required to deliver any forms, certificates
or other evidence

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with respect to United States federal income tax withholding matters
pursuant to this Section 2.20(c) hereby agrees, from time to time after the initial
delivery by such Lender of such forms, certificates or other evidence, whenever a lapse in
time or change in circumstances renders such forms, certificates or other evidence
obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to
Administrative Agent for transmission to Company two new original copies of Internal
Revenue Service Form W-9, W-8BEN or W-8ECI, or a Certificate re Non-Bank Status and two
original copies of Internal Revenue Service Form W-8BEN (or any successor form), as the
case may be, properly completed and duly executed by such Lender (or, in the case of a
pass-through entity, each of its beneficial owners), and such other documentation required
under the Internal Revenue Code or reasonably requested by Company to confirm or establish
that such Lender (or, in the case of a pass-through entity, each of its beneficial owners)
is not subject to (or is subject to a reduced rate of) deduction or withholding of United
States federal income tax with respect to payments to such Lender under the Credit
Documents, or notify Administrative Agent and Company of its inability to deliver any such
forms, certificates or other evidence. Company shall not be required to pay any
additional amount with respect to any Lender under Section 2.20(b)(ii) or (iii) if such
Lender is eligible to, but shall have failed to deliver the forms, certificates or other
evidence referred to in this Section 2.20(c); provided, if such Lender shall have
satisfied the requirements of the first sentence of this Section 2.20(c) on the Closing
Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as
applicable, nothing in this last sentence of Section 2.20(c) shall relieve Company of its
obligation to pay any additional amounts
pursuant this Section 2.20 in the event that, as a result of any change in any applicable
law, treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer properly
entitled to deliver forms, certificates or other evidence at a subsequent date
establishing the fact that such Lender is not subject to withholding as described herein
to the extent of any withholding or deduction that cannot be avoided by submission of
forms similar to those described in this Section 2.20(c).

          (d) If any Lender determines, in its reasonable discretion, that it has received a
refund of any Taxes as to which it has been indemnified by Company or with respect to
which Company has paid additional amounts pursuant to Section 2.19 or Section 2.20, it
shall promptly pay over such refund to Company (but only to the extent of indemnity
payments made, or additional amounts paid, by Company under Section 2.19 or Section 2.20
with respect to Taxes giving rise to such refund), net of all out-of-pocket expenses such
Lender and without interest (other than any interest paid by the relevant taxing
jurisdiction with respect to such refund); provided, that Company, upon the request of
such Lender, agrees to repay the amount paid over Company (plus any penalties, interest or
other charges imposed by the relevant taxing jurisdiction) to such Lender in the event
such Lender is required to repay such refund to such taxing jurisdiction.

     2.21. Obligation to Mitigate.
Each Lender agrees that, as promptly as practicable after the officer of such Lender
responsible for administering its Loans becomes aware of the occurrence of an event or the
existence of a condition that would cause such Lender to become

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an Affected Lender or that would
entitle such Lender to receive payments under Section 2.18, 2.19 or 2.20, it will, to the extent
not inconsistent with the internal policies of such Lender and any applicable legal or regulatory
restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Loans, including any
Affected Loans, through another office of such Lender, or (b) take such other measures as such
Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender
to be an Affected Lender would cease to exist or the additional amounts which would otherwise be
required to be paid to such Lender pursuant to Section 2.18, 2.19 or 2.20 would be materially
reduced and if, as determined by such Lender in its reasonable discretion, the making, issuing,
funding or maintaining of such Loans through such other office or in accordance with such other
measures, as the case may be, would not otherwise adversely affect such Loans or the interests of
such Lender; provided, such Lender will not be obligated to utilize such other office
pursuant to this Section 2.21 unless Company agrees to pay all incremental expenses incurred by
such Lender as a result of utilizing such other office as described in clause (i) above. A
certificate as to the amount of any such expenses payable by Company pursuant to this Section 2.21
(setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender
to Company (with a copy to Administrative Agent) shall be conclusive absent manifest error.

     2.22. [Reserved].

     2.23. Removal or Replacement of a Lender
.. Anything contained herein to the contrary notwithstanding, in the event that: (a) (i) any
Lender (an “Increased-Cost Lender”) shall give notice to Company that such Lender is an Affected
Lender or that such Lender is entitled to receive payments under Section 2.18, 2.19 or 2.20, (ii)
the circumstances which have caused such Lender to be an Affected Lender or which entitle such
Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to
withdraw such notice within five Business Days after Company’s request for such withdrawal; or (b)
in connection with any proposed amendment, modification, termination, waiver or consent with
respect to any of the provisions hereof as contemplated by Section 10.5(b), the consent of
Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders
(each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; then, with
respect to each such Increased-Cost Lender or Non-Consenting Lender (the “Terminated Lender”),
Company may, by giving written notice to Administrative Agent and any Terminated Lender of its
election to do so, elect to cause such Terminated Lender (and such Terminated Lender hereby
irrevocably agrees) to assign its outstanding Term Loans and its Term Loan Commitments, if any, in
full to one or more Eligible Assignees (each a “Replacement Lender”) in accordance with the
provisions of Section 10.6 and Terminated Lender shall pay any fees payable thereunder in
connection with such assignment; provided, (1) on the date of such assignment, the
Replacement Lender shall pay to the Terminated Lender an amount equal to the sum of (A) an amount
equal to the principal of, and all accrued interest on, all outstanding Term Loans of the
Terminated Lender and (B) an amount equal to all accrued, but theretofore unpaid fees owing to such
Terminated Lender pursuant to Section 2.11; (2) on the date of such assignment, Company shall pay
any amounts payable to such Terminated Lender pursuant to Section 2.18(c), 2.19 or 2.20 or
otherwise as if it were a prepayment; and (3) in the event such Terminated Lender is a
Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to
each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the
prepayment of all amounts owing to any Terminated Lender

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and the termination of such Terminated
Lender’s Term Loan Commitments, if any, such Terminated Lender shall no longer constitute a
“Lender” for purposes hereof; provided, any rights of such Terminated Lender to
indemnification hereunder shall survive as to such Terminated Lender.

SECTION 3. CONDITIONS PRECEDENT

     3.1. Closing Date.
The obligation of any Lender to make a Loan on the Closing Date is subject to the
satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before
the Closing Date:

          (a) Credit Documents. Administrative Agent shall have received sufficient
copies of each Credit Document and each Sponsor Guaranty executed and delivered by each
applicable Credit Party and each party to a Sponsor Guaranty for each Lender.

          (b) Organizational Documents; Incumbency. Administrative Agent shall have
received (i) a copy of each Organizational Document executed and delivered by each Credit
Party, as applicable, and, to the extent applicable, certified as of a recent
date by the appropriate governmental official, each dated the Closing Date or a
recent date prior thereto; (ii) signature and incumbency certificates of the officers of
such Person executing the Credit Documents to which it is a party; (iii) resolutions of
the Board of Directors or similar governing body of each Credit Party approving and
authorizing the execution, delivery and performance of this Agreement and the other Credit
Documents to which it is a party or by which it or its assets may be bound as of the
Closing Date, certified as of the Closing Date by its secretary or an assistant secretary
as being in full force and effect without modification or amendment; (iv) a good standing
certificate from the applicable Governmental Authority of each Credit Party’s jurisdiction
of incorporation, organization or formation and in each jurisdiction in which it is
qualified as a foreign corporation or other entity to do business, each dated a recent
date prior to the Closing Date; and (v) such other constitutive or organizational
documents as Administrative Agent may reasonably request.

          (c) Consummation of Transactions.

        (i) Company shall have received the gross proceeds from the borrowings under the Opco
Secured Credit Agreement in an aggregate amount in cash of not less than $25,000,000;

        (ii) the Parent Credit Agreement shall have been executed by all parties party thereto
and all conditions under Section 3.1 of the Parent Credit Agreement shall have satisfied on
or prior to the Closing Date;

        (iii) Company shall have delivered to the Arranger and Administrative Agent a complete,
correct and conformed copy of the Opco Secured Credit Agreement and the Parent Credit
Agreement

47

 

          (d) Opinions of Counsel to Sponsors. Lenders and their respective counsel
shall have received originally executed copies of the favorable written opinions of (i)
Fried, Frank, Harris, Shriver & Jacobson LLP counsel for GS Capital Partners V Fund, L.P.
and (ii) Richards, Layton & Finger, P.A. counsel for Kelso & Company, L.P., dated as of
the Closing Date and otherwise in form and substance reasonably satisfactory to the
Arranger (and each Sponsor hereby instructs such counsel to deliver such opinions to
Agents and Lenders). 

          (e) [Reserved].

          (f) Transaction Costs. On or prior to the Closing Date, the Company shall
have paid all fees, costs and expenses owing to the Administrative Agent and its counsel
invoiced to Company on or before the Closing Date and all fees, costs and expenses owing
to the Administrative Agent and its counsel under the terms of the Existing Credit
Agreement.

          (g) [Reserved].

          (h) [Reserved].

          (i) [Reserved].

          (j) [Reserved].

          (k) Environmental Reports. Lenders shall have received from Company the
most recent environmental reports delivered to lenders under the Existing Credit
Agreement.

          (l) Financial Statements; Projections. Lenders shall have received from
Company (i) the Historical Financial Statements and (ii) the Projections.

          (m) [Reserved].

          (n) Opinions of Counsel to Credit Parties. Lenders and their respective
counsel shall have received originally executed copies of the favorable written opinions
of Fried, Frank, Harris, Shriver & Jacobson LLP counsel for Credit Parties dated as of the
Closing Date and otherwise in form and substance reasonably satisfactory to the Arranger
(and each Credit Party hereby instructs such counsel to deliver such opinions to Agents
and Lenders).

          (o) Fees. Company shall have paid to the Arranger, the fees payable on the
Closing Date referred to in Section 2.11.

          (p) Solvency Certificate. On the Closing Date, the Arranger shall have
received a Solvency Certificate from the chief financial officer of Company dated the
Closing Date, with appropriate attachments and demonstrating that Holdings and their
respective Subsidiaries on a consolidated basis are and will be Solvent.

48

 

          (q) Closing Date Certificate. Company shall have delivered to the Arranger
an originally executed Closing Date Certificate, together with all attachments thereto.

          (r) Completion of Proceedings. All partnership, corporate and other
proceedings by the Credit Parties taken or to be taken in connection with the transactions
contemplated hereby and all documents incidental thereto not previously found acceptable
by the Arranger and its counsel shall be reasonably satisfactory in form and substance to
the Arranger and such counsel, and the Arranger and such counsel shall have received all
such counterpart originals or certified copies of such documents as the Arranger may
reasonably request.

Each Lender, by having delivered its signature page to this Agreement and having funded a Loan on
the Closing Date, acknowledged receipt of, and consented to and approved, each Credit Document and
each other document required to be approved by Administrative Agent, Requisite Lenders or Lenders,
as applicable on the Closing Date.

     3.2. Conditions to the Credit Extension.

          (a) Conditions Precedent. The obligation of each Lender to make any Loan,
on any Credit Date, including the Closing Date, are subject to the satisfaction, or waiver
in accordance with Section 10.5, of the following conditions precedent:

        (i) Administrative Agent shall have received a fully executed and delivered Funding
Notice;

        (ii) [Reserved];

        (iii) as of such Credit Date, the representations and warranties contained herein and
in the other Credit Documents shall be true and correct in all material respects on and as
of that Credit Date to the same extent as though made on and as of that date, except to the
extent such representations and warranties specifically relate to an earlier date, in which
case such representations and warranties shall have been true and correct in all material
respects on and as of such earlier date; and

        (iv) as of such Credit Date, no event shall have occurred and be continuing or would
result from the consummation of the Credit Extension that would constitute an Event of
Default or a Default.

Administrative Agent or Requisite Lenders shall be entitled, but not obligated to, request and
receive, prior to the making of any Loan, additional information reasonably satisfactory to the
requesting party confirming the satisfaction of any of the foregoing if, in the good faith judgment
of Administrative Agent or Requisite Lender such request is warranted under the circumstances.

          (b) Notices. Any Notice shall be executed by an Authorized Officer in a
writing delivered to Administrative Agent. In lieu of delivering a Notice, Company may
give Administrative Agent telephonic notice by the required time of any proposed borrowing
or conversion/continuation, as the case may be; provided each such notice

49

 

shall be
promptly confirmed in writing by delivery of the applicable Notice to Administrative Agent
on or before the applicable date of borrowing, continuation/conversion or issuance.
Neither Administrative Agent nor any Lender shall incur any liability to Company in acting
upon any telephonic notice referred to above that Administrative Agent believes in good
faith to have been given by a duly authorized officer or other person authorized on behalf
of Company or for otherwise acting in good faith.

SECTION 4. REPRESENTATIONS AND WARRANTIES

     In order to induce Lenders to enter into this Agreement and to make the Loans to be made
thereby, each of Holdings and Company represents and warrants to each Lender on the Closing Date
and each Credit Date, the following statements are true and correct (unless relating to a specific
date, in which case such statements are true and correct as of such specific date):

     4.1. Organization; Requisite Power and Authority; Qualification.
Each of Holdings and its Subsidiaries (a) is duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization as identified in Schedule 4.1 as of the
Effective Date, (b) has all requisite power and authority to own and operate its properties,
to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit
Documents to which it is a party and to carry out the transactions contemplated thereby, and (c) is
qualified to do business and in good standing in every jurisdiction where its assets are located
and wherever necessary to carry out its business and operations, except in jurisdictions where the
failure to be so qualified or in good standing has not had, and could not reasonably be expected to
have, a Material Adverse Effect.

     4.2. Capital Stock and Ownership.
The Capital Stock of each of Holdings and its Subsidiaries has been duly authorized and
validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as of
the Effective Date, there is no existing option, warrant, call, right, commitment or other
agreement to which Holdings or any of its Subsidiaries is a party requiring, and there is no
membership interest or other Capital Stock of Holdings or any of its Subsidiaries outstanding which
upon conversion or exchange would require, the issuance by Holdings or any of its Subsidiaries of
any additional membership interests or other Capital Stock of Holdings or any of its Subsidiaries
or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or
purchase, a membership interest or other Capital Stock of Holdings or any of its Subsidiaries.
Schedule 4.2 correctly sets forth the ownership interest of Holdings and each of its Subsidiaries
in their respective Subsidiaries as of the Effective Date.

     4.3. Due Authorization
.. The execution, delivery and performance of the Credit Documents have been duly authorized
by all necessary action on the part of each Credit Party that is a party thereto.

     4.4. No Conflict
.. The execution, delivery and performance by Credit Parties of the Credit Documents to which
they are parties and the consummation of the transactions contemplated by the Credit Documents do
not and will not (a) violate any provision of any law or any governmental rule or regulation
applicable to Holdings or any of their respective

50

 

Subsidiaries, any of the Organizational Documents
of Holdings or any of its Subsidiaries, or any order, judgment or decree of any court or other
agency of government binding on Holdings or any of its Subsidiaries except to the extent such
violation could not be reasonably expected to have a Material Adverse Effect; (b) conflict with,
result in a breach of or constitute (with due notice or lapse of time or both) a default under any
Contractual Obligation of Holdings or any of its Subsidiaries except to the extent such conflict,
breach or default could not reasonably be expected to have a Material Adverse Effect; (c) result in
or require the creation or imposition of any Lien upon any of the properties or assets of Holdings
or any of their respective Subsidiaries (other than any Liens created under any of the Credit
Documents in favor of Collateral Agent, (as defined in the Existing Credit Agreement) on behalf of
Secured Parties (as defined in the Existing Credit Agreement) or any Liens created under the
Existing Credit Agreement in favor of the Collateral Agent (as defined in the Existing Credit
Agreement), on behalf of the Secured Parties (as defined under the Existing Credit Agreement))
secured by property with a value in excess of $1,000,000; or (d) require any approval of
stockholders, members or partners or any approval or consent of any Person under any Contractual
Obligation of Holdings or any of their respective Subsidiaries, except for such approvals or
consents which will be obtained on or before the Closing Date and
disclosed in writing to Lenders and except for any such approvals or consents the failure of
which to obtain could not reasonably be expected to have a Material Adverse Effect.

     4.5. Governmental Consents
.. The execution, delivery and performance by Credit Parties of the Credit Documents to which
they are parties and the consummation of the transactions contemplated by the Credit Documents do
not and will not require any registration with, consent or approval of, or notice to, or other
action to, with or by, any Governmental Authority that has not been made or obtained, except for
consents, filings and recordings with respect to the Collateral (as defined in the Existing Credit
Agreement) to be obtained, made, or otherwise delivered to Collateral Agent (as defined in the
Existing Credit Agreement) for filing and/or recordation, as of the Closing Date and any such
registration, consent, approval, notice or action, the absence of which could not reasonably be
expected to have a Material Adverse Effect.

     4.6. Binding Obligation
.. Each Credit Document has been duly executed and delivered by each Credit Party that is a
party thereto and is the legally valid and binding obligation of such Credit Party, enforceable
against such Credit Party in accordance with its respective terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors’ rights generally or by equitable principles relating to enforceability.

     4.7. Historical Financial Statements
.. The Historical Financial Statements were prepared in conformity with GAAP (except as may
otherwise be expressly noted therein) and fairly present, in all material respects, the financial
position, on a consolidated basis, of the Persons described in such financial statements as at the
respective dates thereof and the results of operations and cash flows, on a consolidated basis, of
the entities described therein for each of the periods then ended, subject, in the case of any such
unaudited financial statements, to changes resulting from audit and normal year-end adjustments.
As of the Closing Date, neither Holdings nor any of its Subsidiaries has any contingent liability
or liability for taxes, long-term lease or unusual forward or long-term commitment that is not
reflected in the Historical Financial Statements or the notes thereto and which in any such case is
material in relation to the

51

 

business, operations, properties, assets or condition (financial or
otherwise) of Holdings and any of its Subsidiaries taken as a whole.

     4.8. Projections
.. On and as of the Closing Date, the Projections of Holdings and its Subsidiaries for the
period Fiscal Year 2007 through and including Fiscal Year 2012 (the “Projections”) are based on
good faith estimates and assumptions made by the management of Holdings; provided, the
Projections are not to be viewed as facts and that actual results during the period or periods
covered by the Projections may differ from such Projections and that the differences may be
material; provided further, as of the Closing Date, management of Holdings believed
that the Projections were reasonable and attainable.

     4.9. No Material Adverse Change
.. Since December 31, 2005, no event, circumstance or change has occurred that has caused or
evidences, either in any case or in the aggregate, a Material Adverse Effect.

     4.10. No Restricted Junior Payments . Following the Closing Date, and after giving effect to the transactions to occur thereon,
neither Holdings nor any of its Subsidiaries has directly or indirectly declared, ordered, paid or
made, or set apart any sum or property for, any Restricted Junior Payment or agreed to do so except
as permitted pursuant to Section 6.5.

     4.11. Adverse Proceedings, etc. Except as disclosed on Schedule 4.11 as of the Effective Date, there are no Adverse
Proceedings, individually or in the aggregate, that could reasonably be expected to have a Material
Adverse Effect. Neither Holdings nor any of its Subsidiaries (a) is in violation of any applicable
laws that, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect, or (b) is subject to or in default with respect to any final judgments, writs,
injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign,
that, individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.

     4.12. Payment of Taxes. Except as otherwise permitted under Section 5.3, all material tax returns and reports of
Holdings and its Subsidiaries required to be filed by any of them have been timely filed, and all
taxes shown on such tax returns to be due and payable and all assessments, fees and other
governmental charges upon Holdings and its Subsidiaries and upon their respective properties,
assets, income, businesses and franchises which are due and payable have been paid when due and
payable except for taxes which are not yet delinquent or that are being actively contested by
Holdings or such Subsidiary in good faith and by appropriate proceedings; provided, that
neither Holdings nor Company shall be in breach of this Section 4.12 so long as such reserves or
other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been
made or provided therefor. Holdings knows of no proposed tax assessment against Holdings or its
Subsidiaries that would, if made, have a Material Adverse Effect.

     4.13. Properties
        .

          (a) Title. Each of Holdings and their respective Subsidiaries has (i)
good, sufficient, legal and insurable title to (in the case of fee interests in real

52

 

property), (ii) valid leasehold interests in (in the case of leasehold interests in real
or personal property), and (iii) good title to (in the case of all other personal
property), all of their respective material properties and assets reflected in their
respective Historical Financial Statements referred to in Section 4.5 and in the most
recent financial statements delivered pursuant to Section 5.1, in each case except for
assets disposed of since the date of such financial statements in the ordinary course of
business or as otherwise permitted under Section 6.9 and subject to Permitted Liens.
Except as permitted by this Agreement, all such properties and assets are free and clear
of Liens.

          (b) Real Estate.
(i) (i) As of the Effective Date, Schedule 4.13 contains a true, accurate and complete
list of (x) all Real Estate Assets (including, without limitation, all easements benefiting
any Real Estate Asset or necessary for the operation thereof), and (y) all leases, subleases
or assignments of leases (together with all amendments, modifications, supplements, renewals
or extensions of any thereof) affecting each Real Estate Asset of any Credit Party, regardless
of whether such Credit Party is the landlord or tenant (whether directly or as an assignee or
successor in interest) under such lease, sublease or assignment. Each material agreement
listed in clause (y) of the immediately preceding sentence is in full force and effect other
than agreements that, individually or in the aggregate are not material to Holdings and its
Subsidiaries, taken as a whole, and Holdings does not have knowledge of any material default
that has occurred and is continuing thereunder, and each such agreement constitutes the
legally valid and binding obligation of each applicable Credit Party, enforceable against such
Credit Party in accordance with its terms, except as enforcement may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’
rights generally or by equitable principles; and

          (ii) All pipelines, pipeline easements, utility lines, utility easements and other
easements, servitudes and rights-of-way burdening or benefiting the Real Estate Assets will
not, as of the Closing Date, materially interfere with or prevent any operations conducted
at the Real Estate Assets by Holdings or the Subsidiaries in the manner operated on the date
of this Agreement, except for any Permitted Liens. Except for Permitted Liens, with respect
to any pipeline, utility, access or other easements, servitudes, and licenses located on or
directly serving the Real Estate Assets and owned or used by Holdings or the Subsidiaries in
connection with its operations at the Real Estate Assets, to Holdings’ knowledge, such
agreements are in full force and effect other than agreements that, individually or in the
aggregate are not material to Holdings and its Subsidiaries, taken as a whole and no
defaults exist thereunder and no events or conditions exist which, with or without notice or
lapse of time or both, would constitute a default thereunder or result in a termination,
except for such failures, defaults, terminations and other matters that, individually or in
the aggregate, could not reasonably be expected to have a Material Adverse Effect.

     4.14. Environmental Matters
.. Except as set forth in Schedule 4.14 as of the Effective Date.

          (a) Holdings and each of its Subsidiaries is in compliance with all applicable
Environmental Laws, except for such noncompliance that could not

53

 

reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect and, to Holdings
and its Subsidiaries’ knowledge, continued compliance with applicable Environmental Laws,
including any reasonably foreseeable future requirements pursuant thereto, by Holdings and
each of its Subsidiaries could not reasonably be expected to result in a Material Adverse
Effect;

          (b) Holdings and each of its Subsidiaries has obtained, and are in compliance with,
all Governmental Authorizations (including, without limitation, the Consent Decree and the
RCRA Administrative Orders) as are presently required under applicable Environmental Laws
for the operations of their respective businesses and
Facilities in the same or substantially the same manner as currently conducted or
proposed to be conducted on or after the closing, except for such noncompliance that could
not reasonably be expected, individually or in the aggregate, to result in a Material
Adverse Effect. There are no pending, or to Holdings’ of its Subsidiaries’ Knowledge,
threatened actions or proceedings seeking to amend, modify, or terminate any such
Governmental Authorizations (including, without limitation, the Consent Decree) or
otherwise seeking to enforce the terms and conditions of any such Governmental
Authorization except for such actions or proceedings that could not reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect;

          (c) Other than the Consent Decree and the RCRA Administrative Orders, neither
Holdings nor any of its Subsidiaries nor any of their respective Facilities, or operations
or, to Holdings’ or its Subsidiaries’ Knowledge, any of their previously owned or operated
real property are subject either to (a) any pending or, to Holdings’ or its Subsidiaries’
Knowledge, threatened Environmental Claim or (b) any outstanding written order, consent
decree or settlement agreement with any Person relating to any Environmental Law, any
Environmental Claim, or any Hazardous Materials Activity except for such Environmental
Claims, order, consent decree or settlement that could not reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect;

          (d) Neither Holdings nor any of its Subsidiaries has received any letter or request
for information under Section 104(e) of the Comprehensive Environmental Response,
Compensation, and Liability Act (42 U.S.C. § 9601, et seq.) or any comparable state law
with regard to any matter that could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect;

          (e) To Holdings and its Subsidiaries’ Knowledge, there are and have been no
conditions, occurrences, or Hazardous Materials Activities that could reasonably be
expected to form the basis of an Environmental Claim against Holdings or any of its
Subsidiaries, to materially impair the value or marketability of the Facilities for
industrial usage, or could require Remedial Action at any Facility or by Holdings or any
of its Subsidiaries at any other location except for such matters that could not
reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect;

54

 

          (f) Except as addressed under the Consent Decree or the RCRA Administrative Orders,
as of the Closing Date neither Holdings nor any of its Subsidiaries has been issued or
been required to obtain a permit for the treatment, storage or disposal of hazardous waste
for any of its Facilities pursuant to the federal Resource Conservation and Recovery Act,
42 U.S.C. § 6901, et. seq. (“RCRA”), or any equivalent State law, nor are any such
Facilities regulated as “interim status” facilities required to undergo corrective action
pursuant to RCRA or any state equivalent, except, in each case, for such matters that
could not reasonably be expected, individually or in the aggregate, to result in a
Material Adverse Effect; and

          (g) As of the Closing Date, (i) Holdings and its Subsidiaries have provided to the
Administrative Agent or given the Administrative Agent access to all copies of existing
third-party environmental reports commissioned by the Company and/or submitted by the
Company to Governmental Authorities pertaining to actual or potential Environmental Claims
or material liabilities under Environmental Laws; and (ii) Holdings or its Subsidiaries
have disclosed to the Administrative Agent all material relevant information pertaining to
actual or potential material Environmental Claims or material liabilities under
Environmental Laws.

     4.15. No Defaults. Neither Holdings nor any of its Subsidiaries is in default in the performance, observance
or fulfillment of any of the obligations, covenants or conditions contained in any of its material
Contractual Obligations, and no condition exists which, with the giving of notice or the lapse of
time or both, could constitute such a default, except where the consequences, direct or indirect,
of such default or defaults, if any, could not reasonably be expected to have a Material Adverse
Effect.

     4.16. Material Contracts. As of the Effective Date, Schedule 4.16 contains a true, correct and complete list of all
the Material Contracts in effect on the Effective Date, and except as described thereon, all such
Material Contracts are in full force and effect and no defaults currently exist thereunder other
than defaults, the consequence of which, would not result in a Material Adverse Effect.

     4.17. Governmental Regulation. Neither Holdings nor any of its Subsidiaries is subject to regulation under the Public
Utility Holding Company Act of 2005, the Federal Power Act or the Investment Company Act of 1940 or
under any other federal or state statute or regulation which may limit its ability to incur
Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable.
Neither Holdings nor any of its Subsidiaries is a “registered investment company” or a company
“controlled” by a “registered investment company” or a “principal underwriter” of a “registered
investment company” as such terms are defined in the Investment Company Act of 1940.

     4.18. Margin Stock. Neither Holdings nor any of its Subsidiaries is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of purchasing or carrying
any Margin Stock. No part of the proceeds of the Loans made to any Credit Party will be used to
purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing
or carrying any such Margin Stock or for any purpose that

55

 

violates, or is inconsistent with, the
provisions of Regulation T, U or X of said Board of Governors.

     4.19. Employee Matters. Neither Holdings nor any of its Subsidiaries is engaged in any unfair labor practice that
could reasonably be expected to have a Material Adverse Effect. There is (a) no unfair labor
practice complaint pending against Holdings or any of its Subsidiaries, or to the best knowledge of
Holdings and Company, threatened against any of them before the National Labor Relations Board and
no grievance or arbitration proceeding arising out of or under any collective bargaining agreement
that is so pending against Holdings or any of its Subsidiaries or to the best
knowledge of Holdings and Company, threatened against any of them, (b) no strike or work
stoppage in existence or threatened involving Holdings or any of its Subsidiaries that could
reasonably be expected to have a Material Adverse Effect, and (c) to the best knowledge of
Holdings and Company, no union representation question existing with respect to the employees of
Holdings or any of its Subsidiaries and, to the best knowledge of Holdings and Company, no union
organization activity that is taking place, except (with respect to any matter specified in clause
(a), (b) or (c) above, either individually or in the aggregate) such as is not reasonably likely to
have a Material Adverse Effect.

     4.20. Employee Benefit Plans. Except as, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect, (i) Holdings, each of its Subsidiaries and each of their respective ERISA
Affiliates are in compliance with all applicable provisions and requirements of ERISA and the
Internal Revenue Code and the regulations and published interpretations thereunder with respect to
each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit
Plan, (ii) each Employee Benefit Plan which is intended to qualify under Section 401(a) of the
Internal Revenue Code has received a favorable determination letter from the Internal Revenue
Service indicating that such Employee Benefit Plan is so qualified and nothing has occurred
subsequent to the issuance of such determination letter which would cause such Employee Benefit
Plan to lose its qualified status, (iii) no liability to the PBGC (other than required premium
payments), the Internal Revenue Service (with respect to any Employee Benefit Plan), any Employee
Benefit Plan or any trust established under Title IV of ERISA has been or is expected to be
incurred by Holdings, any of its Subsidiaries or any of their ERISA Affiliates, (iv) no ERISA Event
has occurred or is reasonably expected to occur, and (v) except to the extent required under
Section 4980B of the Internal Revenue Code or similar state laws, no Employee Benefit Plan provides
health or welfare benefits (through the purchase of insurance or otherwise) for any retired or
former employee of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates.
The present value of the aggregate benefit liabilities under each Pension Plan sponsored,
maintained or contributed to by Holdings, any of its Subsidiaries or any of their ERISA Affiliates,
(determined as of the end of the most recent plan year on the basis of the actuarial assumptions
specified for funding purposes in the most recent actuarial valuation for such Pension Plan), did
not exceed the aggregate current value of the assets of such Pension Plan by more than $5,000,000.
As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is
available, the potential liability of Holdings, its Subsidiaries and their respective ERISA
Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section
4203 of ERISA), when aggregated with such potential liability for a complete withdrawal from all
Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA is not
more than an amount which, individually or in the aggregate, could reasonably be expected

56

 

to have a
Material Adverse Effect. Holdings, each of its Subsidiaries and each of their ERISA Affiliates
have complied in all material respects with the requirements of Section 515 of ERISA with respect
to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of
ERISA) with respect to payments to a Multiemployer Plan.

     4.21. Certain Fees. No broker’s or finder’s fee or commission will be payable with respect hereto or any of the
transactions contemplated hereby.

     4.22. Solvency. The Credit Parties on a consolidated basis are and, upon the incurrence of any Obligation
by the Credit Parties on any date on which this representation and warranty is made, will be,
Solvent.

     4.23. Related Agreements
        .

          (a) Delivery. Holdings and Company have delivered to the Arranger complete
and correct copies of (i) each Related Agreement and of all exhibits and schedules thereto
as of the Closing Date and (ii) copies of any material amendment, restatement, supplement
or other modification to or waiver of each Related Agreement entered into after the
Closing Date.

          (b) Representations and Warranties. Except to the extent otherwise
expressly set forth herein or in the schedules hereto, and subject to the qualifications
set forth therein, each of the representations and warranties given by any Credit Party in
any Related Agreement is true and correct in all material respects as of the Closing Date
(or as of any earlier date to which such representation and warranty specifically
relates).

          (c) Governmental Approvals. All Governmental Authorizations and all other
authorizations, approvals and consents of any other Person required by the Related
Agreements or to consummate the transactions contemplated by the Related Agreements have
been obtained and are in full force and effect other than such authorizations, approvals
and consents, the requirement of which to obtain is waived as a condition to such Related
Agreement.

     4.24. Compliance with Statutes, etc . Each of Holdings and its Subsidiaries is in compliance with all applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, all Governmental
Authorities, in respect of the conduct of its business and the ownership of its property, except
such non-compliance that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

     4.25. Disclosure. None of the factual information and data (taken as a whole) heretofore or contemporaneously
furnished by or on behalf of Holdings or any of its Subsidiaries for use in connection with the
transactions contemplated hereby contained any untrue statement of a material fact or omitted to
state a material fact (known to Holdings or Company, in the case of any document not furnished by
either of them) necessary in order to make the statements contained herein or therein (taken as a
whole) not misleading in light of the circumstances in which the same were made. Any projections
and pro forma financial information contained in such materials are based upon good faith estimates
and assumptions believed by Holdings or

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Company to be reasonable at the time made, it being
recognized by Lenders that such projections as to future events are not to be viewed as facts and
that actual results during the period or periods covered by any such projections may differ
materially from the projected results. There
are no facts known (or which should upon the reasonable exercise of diligence be known) to
Holdings or Company (other than matters of a general economic nature) that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect and that have not
been disclosed herein or in such other documents, certificates and statements furnished to Lenders
for use in connection with the transactions contemplated hereby.

     4.26. Patriot Act . To the extent applicable, each Credit Party is in compliance, in all material respects,
with the (i) Trading with the Enemy Act, as amended, and each of the foreign assets control
regulations of the Untied States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended)
and any other enabling legislation or executive order relating thereto, and (ii) Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
(USA Patriot Act of 2001) (the “Act”). No part of the proceeds of the Loans will be used, directly
or indirectly, for any payments to any governmental official or employee, political party, official
of a political party, candidate for political office, or anyone else acting in an official
capacity, in order to obtain, retain or direct business or obtain any improper advantage, in
violation of the United States Foreign Corrupt Practices Act of 1977, as amended.

     4.27. First Buyer . As of the Closing Date, the only states in which any Credit Party is the first person who
takes, receives or purchases oil or gas from an interest owner at the time the oil or gas is
severed from the applicable real estate are Oklahoma, Nebraska      , Missouri and Kansas.

SECTION 5. AFFIRMATIVE COVENANTS

     Each Credit Party covenants and agrees that so long as any Commitment is in effect and until
payment in full of all Obligations, each Credit Party shall perform, and shall cause each of its
Subsidiaries to perform, all covenants in this Section 5.

     5.1. Financial Statements and Other Reports. Company will deliver to the Arranger and the Administrative Agent, and the Administrative
Agent will distribute to the Arranger and Lenders:

          (a) Monthly Reports. As soon as available, and in any event within thirty
(30) days after the end of each month ending after the Closing Date, the consolidated
balance sheet of AcquisitionCo and its Subsidiaries as at the end of such month and the
related consolidated statements of income, stockholders’ equity and cash flows of
AcquisitionCo and its Subsidiaries for such month and for the period from the beginning of
the then current Fiscal Year to the end of such month, setting forth in each case in
comparative form the corresponding figures for the corresponding periods of the previous
Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal
Year, to the extent prepared on a monthly basis, and, if any such financial statement
would differ if prepared with respect to the Company and its Subsidiaries, a

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statement of
reconciliation for such financial statement all in reasonable detail, together with a
Financial Officer Certification and a Narrative Report with respect thereto;

          (b) Quarterly Financial Statements. As soon as available, and in any event
within forty-five (45) days after the end of each of the first three Fiscal Quarters of
each Fiscal Year, the consolidated and consolidating balance sheets of AcquisitionCo and
its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated (and
with respect to statements of income, consolidating) statements of income, stockholders’
equity and cash flows of AcquisitionCo and its Subsidiaries for such Fiscal Quarter and
for the period from the beginning of the then current Fiscal Year to the end of such
Fiscal Quarter, setting forth in each case in comparative form the corresponding figures
for the corresponding periods of the previous Fiscal Year and the corresponding figures
from the Financial Plan for the current Fiscal Year, and, if any such financial statement
would differ if prepared with respect to the Company and its Subsidiaries, a statement of
reconciliation for such financial statement all in reasonable detail, together with a
Financial Officer Certification and a Narrative Report with respect thereto;

          (c) Annual Financial Statements. As soon as available, and in any event
within ninety (90) days after the end of each Fiscal Year, (i) the consolidated and
consolidating balance sheets of AcquisitionCo and its Subsidiaries as at the end of such
Fiscal Year and the related consolidated (and with respect to statements of income,
consolidating) statements of income, stockholders’ equity and cash flows of AcquisitionCo
and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form
the corresponding figures for the previous Fiscal Year and the corresponding figures from
the Financial Plan for the Fiscal Year covered by such financial statements, and, if any
such financial statement would differ if prepared with respect to the Company and its
Subsidiaries, a statement of reconciliation for such financial statement in reasonable
detail, together with a Financial Officer Certification and a Narrative Report with
respect thereto; and (ii) with respect to such consolidated financial statements a report
thereon of KPMG LLP or one of the other “Big Four” independent certified public
accountants of recognized national standing selected by Company, and reasonably
satisfactory to Administrative Agent (which report shall be unqualified as to going
concern and scope of audit, and shall state that such consolidated financial statements
fairly present, in all material respects, the consolidated financial position of
AcquisitionCo and its Subsidiaries as at the dates indicated and the results of their
operations and their cash flows for the periods indicated in conformity with GAAP applied
on a basis consistent with prior years (except as otherwise disclosed in such financial
statements) and that the examination by such accountants in connection with such
consolidated financial statements has been made in accordance with generally accepted
auditing standards) together with a written statement by such independent certified public
accountants stating (1) that their audit examination has included a review of the terms of
Section 6.8 of the Existing Credit Agreement and the related definitions, (2) whether, in
connection therewith, any condition or event that constitutes a Default or an Event of
Default with respect to any financial matters under Section 6.8 of the Existing Credit
Agreement, has come to their attention and, if such a condition or event has come to their
attention, specifying the nature and period of

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existence thereof, and (3) that nothing has
come to their attention that causes them to believe that the information contained in any
Compliance Certificate is not correct or
that the matters set forth in such Compliance Certificate are not stated in
accordance with the terms hereof;

          (d) Compliance Certificate. Together with each delivery of financial
statements of AcquisitionCo and its Subsidiaries pursuant to Sections 5.1(b) and 5.1(c), a
duly executed and completed Compliance Certificate;

          (e) Statements of Reconciliation after Change in Accounting Principles. At
the request of the Administrative Agent, if, as a result of any change in accounting
principles and policies from those used in the preparation of the Historical Financial
Statements, the consolidated financial statements of AcquisitionCo and its Subsidiaries
delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from
the consolidated financial statements that would have been delivered pursuant to such
subdivisions had no such change in accounting principles and policies been made, then,
together with the first delivery of such financial statements after such change, one or
more statements of reconciliation for all such prior financial statements in form and
substance satisfactory to Administrative Agent;

          (f) Notice of Default. Promptly upon any officer of any of Holdings or
Company obtaining knowledge (i) of any condition or event that constitutes a Default or an
Event of Default or that notice has been given to any of Holdings or Company with respect
thereto; (ii) that any Person has given any notice to any of Holdings or any of their
respective Subsidiaries or taken any other action with respect to any event or condition
set forth in Section 8.1(b), including any notice of default for failure to pay when due
any principal of or interest on or any other amount in respect of Indebtedness in an
aggregate principal amount of $2,500,000 or more; (iii) that any money judgment, writ or
warrant of attachment or similar process involving an aggregate principal amount of
$2,500,000 or more has been entered or filed against Holdings or any of its Subsidiaries
or any of their respective assets; or (iv) of the occurrence of any event or change that
has caused or evidences, either in any case or in the aggregate, a Material Adverse
Effect, a certificate of its Authorized Officers specifying the nature and period of
existence of such condition, event or change, or specifying the notice given and action
taken by any such Person and the nature of such claimed Event of Default, Default,
default, event or condition, and what action Company has taken, is taking and proposes to
take with respect thereto;

          (g) Notice of Litigation. Promptly upon any officer of any of Holdings or
Company obtaining knowledge of (i) the institution of, or non-frivolous threat of, any
Adverse Proceeding not previously disclosed in writing by Company to Lenders, or (ii) any
material development in any Adverse Proceeding that, in the case of either (i) or (ii) if
adversely determined, could be reasonably expected to have a Material Adverse Effect, or
seeks to enjoin or otherwise prevent the consummation of, or to recover any damages or
obtain relief as a result of, the transactions contemplated hereby, written notice thereof
together with such other information as may be

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reasonably available to any of Holdings or
Company to enable Lenders and their counsel to evaluate such matters;

          (h) ERISA. (i) Promptly upon becoming aware of the occurrence of or
forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof,
what action Company, any of its Subsidiaries or any of their respective ERISA Affiliates
has taken, is taking or proposes to take with respect thereto and, when known, any action
taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC
with respect thereto; and (ii) with reasonable promptness, copies of (1) each Schedule B
(Actuarial Information) to the annual report (Form 5500 Series) filed by Company, any of
its Subsidiaries or any of their respective ERISA Affiliates with the Internal Revenue
Service with respect to each Pension Plan; (2) all notices received by Company, any of its
Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor
concerning an ERISA Event; and (3) copies of such other material documents or material
governmental reports or material filings relating to any Employee Benefit Plan as
Administrative Agent shall reasonably request;

          (i) Financial Plan. As soon as practicable and in any event no later than
thirty (30) days after the end of each Fiscal Year, a consolidated plan and financial
forecast for each Fiscal Year (or portion thereof) through the next five Fiscal Years
following the Fiscal Year just ended, but not beyond the final maturity date of the loans
under the Existing Credit Agreement (a “Financial Plan”), including (i) a forecasted
consolidated balance sheet and forecasted consolidated statements of income and cash flows
of AcquisitionCo and its Subsidiaries for such Fiscal Year, together with pro forma
Compliance Certificates for such Fiscal Year and an explanation of the assumptions on
which such forecasts are based, (ii) forecasted consolidated statements of income and cash
flows of AcquisitionCo and its Subsidiaries for each month of such Fiscal Year, (iii)
forecasts demonstrating projected compliance with the requirements of Section 6.8 through
the final maturity date of the Loans and (iv) forecasts demonstrating adequate liquidity
through the final maturity date of the Loans without giving effect to any additional debt
or equity offerings not reflected in the Projections, together, in each case, with an
explanation of the assumptions on which such forecasts are based all in form and substance
reasonably satisfactory to Agents;

          (j) Insurance Report. As soon as practicable and in any event by the last
day of each Fiscal Year, a report in form and substance reasonably satisfactory to
Administrative Agent outlining all material insurance coverage maintained as of the date
of such report by Company and its Subsidiaries and all material insurance coverage planned
to be maintained by Company and its Subsidiaries in the immediately succeeding Fiscal
Year;

          (k) Notice of Change in Board of Directors. With reasonable promptness,
written notice of any change in the board of directors (or similar governing body) of any
of Holdings or Company;

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          (l) Notice Regarding Material Contracts. Promptly, and in any event within
ten Business Days (i) after any Material Contract of Company or any of its Subsidiaries is
terminated or amended in a manner that is materially adverse to Company or such
Subsidiary, as the case may be, or (ii) any new Material Contract is
entered into, a written statement describing such event, with copies of such material
amendments or new contracts, delivered to Administrative Agent (to the extent such
delivery is permitted by the terms of any such Material Contract, provided, no such
prohibition on delivery shall be effective if it were bargained for by Company or its
applicable Subsidiary with the intent of avoiding compliance with this Section 5.1(l)),
and an explanation of any actions being taken with respect thereto;

          (m) Environmental Reports and Audits. As soon as practicable following
receipt thereof, copies of all environmental audits and reports required to be provided
pursuant to Section 5.9;

          (n) [Reserved].

          (o) [Reserved].

          (p) Notice of Liens. Promptly upon any officer of any of Holdings or
Company obtaining knowledge any Liens created or incurred after the Closing Date pursuant
to Section 6.2 in an aggregate principal amount of $5,000,000 or more.

          (q) Other Information. Promptly upon their becoming available, (i) copies
of (A) all financial statements, reports, notices and proxy statements sent or made
available generally by Company to its security holders acting in such capacity, (B) all
regular and periodic reports and all registration statements and prospectuses, if any,
filed by Company or any of its Subsidiaries with any securities exchange or with the
Securities and Exchange Commission or any governmental or private regulatory authority,
(C) all press releases and other statements made available generally by Company or any of
its Subsidiaries to the public concerning material developments in the business of Company
or any of its Subsidiaries, and (ii) such other information and data with respect to
Company or any of its Subsidiaries as from time to time may be reasonably requested by
Administrative Agent or any Lender on its own or on behalf of any Lender; and

          (r) Certification of Public Information. Concurrently with the delivery of
any document or notice required to be delivered pursuant to this Section 5.1, the Company
shall indicate in writing whether such document or notice contains Nonpublic Information.
Any document or notice required to be delivered pursuant to this Section 5.1 shall be
deemed to contain Nonpublic Information unless the Company specifies otherwise. The
Company and each Lender acknowledges that certain of the Lenders may be “public-side”
Lenders (Lenders that do not wish to receive material non-public information with respect
to Holdings, the Company, their Subsidiaries or their securities) and, if documents or
notices required to be delivered pursuant to this Section 5.1 or otherwise are being
distributed through IntraLinks/IntraAgency or another relevant website (the “Platform”),
any document or notice which contains Nonpublic

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Information (or is deemed to contain
Nonpublic Information) shall not be posted on that portion of the Platform designated for
such public side lenders.

Documents required to be delivered pursuant to Sections 5.1(a), 5.1(b), 5.1(c), 5.1(e) or 5.1(i)
may be delivered electronically, and if so delivered, shall be deemed to have been delivered on the
date (i) on which Company posts such documents or provides a link thereto on Company’s website on
the Internet at the website address listed on Appendix B; or (ii) on which such documents are
posted on Company’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which
each Lender and the Administrative Agent have access (whether a commercial, third-party website or
whether sponsored by the Administrative Agent); provided, however, that: (x)
Company shall deliver paper copies of such documents to the Administrative Agent or any Lender that
requests Company to deliver such paper copies until a written request to cease delivering paper
copies is given by the Administrative Agent or such Lender and (y) Company shall notify (which may
be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any
such documents and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every
instance Company shall be required to provide paper copies of the Compliance Certificates to the
Administrative Agent and each of the Lenders. Except for such Compliance Certificates, the
Administrative Agent shall have no obligation to request the delivery or to maintain copies of the
documents referred to above, and in any event shall have no responsibility to monitor compliance by
Company with any such request for delivery and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents.

          (s) After CVR’s initial public offering, all references to AcquisitionCo in this
Section 5.1 and in the definition of “Historical Financial Statement” shall be deemed to
refer to CVR.

     5.2. Existence. Except as otherwise permitted under Section 6.9, each Credit Party will, and will cause
each of its Subsidiaries to, at all times preserve and keep in full force and effect its existence
and all rights and franchises, licenses and permits material to its business; provided, no
Credit Party or any of its Subsidiaries shall be required to preserve any such existence, right or
franchise, licenses and permits if such Person’s board of directors (or similar governing body)
shall determine that the preservation thereof is no longer desirable in the conduct of the business
of such Person, and that the loss thereof could not reasonably be expected to have a Material
Adverse Effect.

     5.3. Payment of Taxes and Claims. Each Credit Party will, and will cause each of its Subsidiaries to, pay all federal and
other material Taxes imposed upon it or any of its properties or assets or in respect of any of its
income, businesses or franchises before any penalty or fine accrues thereon, and all claims
(including claims for labor, services, materials and supplies) for sums that have become due and
payable and that by law have or may become a Lien upon any of its properties or assets, prior to
the time when any penalty or fine shall be incurred with respect thereto; provided, no such
Tax or claim need be paid if it is being contested in good faith by appropriate proceedings
promptly instituted and diligently conducted, or not yet the subject of any proceeding, so long as
adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall
have been made therefor. No Credit Party will, nor will it permit

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any of its Subsidiaries to, file
or
consent to the filing of any consolidated income tax return with any Person (other than
Holdings or any of their respective Subsidiaries).

     5.4. Maintenance of Properties . Each Credit Party will, and will cause each of its Subsidiaries to, maintain or cause to be
maintained in good repair, working order and condition, ordinary wear and tear excepted, all
material properties used or useful in the business of Company and its Subsidiaries and from time to
time will make or cause to be made all appropriate repairs, renewals and replacements thereof.

     5.5. Insurance. Company will maintain or cause to be maintained, with financially sound and reputable
insurers, such commercial general liability insurance, third party property damage insurance,
business interruption insurance and all risk property insurance with respect to liabilities, losses
or damage in respect of the assets, properties and businesses of Holdings and their respective
Subsidiaries which is customarily carried or maintained under similar circumstances by Persons of
established reputation engaged in similar businesses of the size of Holdings and its Subsidiaries,
in each case in such amounts (giving effect to self-insurance), with such deductibles, covering
such risks and otherwise on such terms and conditions as shall be customary for such Persons;
provided, however, that the consent of the Administrative Agent shall be required
to change any of the following minimum insurance requirements: (i) maintenance of all risk property
insurance, covering physical loss or damage to the Facilities and business interruption of at least
(1) $1,250,000,000 until at least July 1, 2007, and (2) annually thereafter, the lesser of (I)
$1,250,000,000 and (II) the sum of (x) $300,000,000 plus (y) the aggregate principal amount
of outstanding Term Loans plus (z) the result of (1) aggregate amount of exposure
calculated at April 30th of each Fiscal Year as the potential exposure of the Company
under the Swap Agreement, such calculation formulated on a consistent basis from year to year and
reasonably acceptable to the Company minus (2) $150,000,000; provided,
however, that if, after using commercially reasonable efforts, Company determines that the
total amount of such all risk property insurance that would otherwise be required to be procured
based on the foregoing formula cannot be obtained on commercially reasonable terms at the time of
renewal of such all risk property insurance, Company, after providing to the Administrative Agent a
certification of such determination by not later than the 30th day preceding the
expiration of the then current all risk property insurance, shall be deemed to be in compliance
with this Section 5.5 to the extent that Company maintains all risk property insurance in an amount
that is the maximum of that which may be obtained on commercially reasonable terms; (ii) property
deductibles shall not exceed $2,500,000 for physical damage or a forty-five (45) day deductible for
business interruption; provided that the property deductibles may be increased to an amount
not exceed $3,750,000 for physical damage and the business interruption deductible may be increased
to a period of not longer than sixty (60) days with the consent of the Administrative Agent; (iii)
maintenance of business interruption coverage of at least twenty-four (24) months from the time of
loss; (iv) maintenance of environmental liability insurance of at least $50,000,000; (v)
maintenance of commercial general liability and excess liability insurance of at least $50,000,000;
and (vi) all such insurance under this Section 5.5 shall be maintained at insurers with financial
ratings of no less than A- by S&P or A- by A.M. Best; provided that the Company shall
replace any insurer with downgraded financial ratings from A- by S&P or A- by A.M. Best within 120
days of such downgrade. Without limiting the generality of the foregoing, Company will maintain or
cause to be maintained (a) flood insurance with respect to each Flood
Hazard Property (as defined in the Existing Credit Agreement) that is located in a community

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that participates in the National Flood Insurance Program, in each case in compliance with any
applicable regulations of the Board of Governors of the Federal Reserve System, and (b) replacement
cost value for the all risk property insurance on the Collateral (as defined in the Existing
Credit Agreement) under such policies of insurance, with such insurance companies, in such amounts,
with such deductibles, and covering such risks carried or maintained under similar circumstances by
Persons of established reputation engaged in similar businesses

     5.6. Books and Records; Inspections. Each Credit Party will, and will cause each of its Subsidiaries to, permit any authorized
representatives designated by any Lender to visit and inspect any of the properties of any Credit
Party and any of its respective Subsidiaries, to inspect, copy and take extracts from its and their
financial and accounting records, and to discuss its and their affairs, finances and accounts with
its and their officers and independent public accountants, all upon reasonable notice and at such
reasonable times during normal business hours, if an Event of Default has occurred and is
continuing, as often as may reasonably be requested but in any other case, no more than twice per
year.

     5.7. Lenders Meetings . Each of Holdings and Company will, upon the written request of Administrative Agent or
Requisite Lenders, participate in a meeting of Administrative Agent and Lenders once during each
Fiscal Year to be held at Company’s corporate offices (or at such other location as may be agreed
to by Company and Administrative Agent) at such time as may be agreed to by Company and
Administrative Agent.

     5.8. Compliance with Laws. Each Credit Party will comply, and shall cause each of its Subsidiaries and all other
Persons, if any, on or occupying any Facilities to comply, with the requirements of all applicable
laws, rules, regulations and orders of any Governmental Authority (including all Environmental
Laws), noncompliance with which could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.

     5.9. Environmental
        .

          (a) Compliance, Hazardous Materials Activities, Etc. Each Credit Party
shall take, and shall cause each of its Subsidiaries promptly to take, any reasonable
actions necessary to: (i) cure any violation of applicable Environmental Laws by such
Credit Party or its Subsidiaries that could reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect; (ii) make an appropriate response to any
Environmental Claim against such Credit Party or any of its Subsidiaries and discharge any
obligations it may have to any Person thereunder where failure to do so could reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect; (iii)
implement any and all Remedial Actions that are legally required by any Governmental
Authority (following final resolution of Holdings’ or its Subsidiaries’ challenges or
appeals, if any, of the relevant Governmental Authority’s order or decision) or
that are otherwise necessary to comply with Environmental Laws
and or that are otherwise necessary to maintain the value and marketability of the
Real Estate for industrial usage, except where failure to perform any such Remedial Action
would not reasonably be expected to result in a liability of or require an expenditure by
Holdings or its Subsidiaries in excess of $2,000,000; (iv) materially comply with the
terms and conditions of the Consent Decree and the RCRA Administrative Orders,

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except for
such noncompliance that would not reasonably be expected to result in liability of or
require an expenditure by Holdings or its Subsidiaries in excess of $2,000,000; (v)
achieve and maintain material compliance with the Clean Air Act Tier II Clean Fuels
requirements in the manner and by the dates specified in the letter from U.S.
Environmental Protection Agency (“USEPA”), Office of Transportation and Air Quality, dated
February 3, 2004, and the attachment thereto entitled “Compliance Plan for Motor Vehicle
Diesel Fuel Sulfur and Gasoline Sulfur Hardship Waiver” or any amendments thereto except
for such noncompliance that would not reasonably be expected to result in liability of or
require an expenditure by Holdings or its Subsidiaries in excess of $2,000,000; and (vi)
promptly complete all investigations and corrective actions necessary to address the items
of noncompliance at the Coffeyville Nitrogen Plant identified in Fertilizers’
self-disclosure submission to USEPA and the Kansas Department of Health and Environment
(“KDHE”), dated September 20, 2004, except where failure to perform such investigations or
corrective actions would not reasonably be expected to result in a liability of or require
an expenditure by Holdings or its Subsidiaries in excess of $2,000,000.

          (b) Environmental Disclosure.

        (i) Notice. Promptly upon the occurrence thereof, Holdings shall deliver to
Administrative Agent and Lenders written notice describing in reasonable detail (1) any
Release that could reasonably be expected to require a Remedial Action or give rise to
Environmental Claims resulting in Holdings or its Subsidiaries incurring liability or
expenses in excess of $2,500,000, (2) any Remedial Action taken by Holdings, its
Subsidiaries or any other Person in response to any Hazardous Materials Activity the
existence of which has a reasonable likelihood of resulting in one or more Environmental
Claims resulting in liability of Holdings or its Subsidiaries in excess of $2,500,000, (3)
any Environmental Claim (including any request for information by a Governmental Authority)
that could reasonably be expected to result in liability of Holdings or its Subsidiaries in
excess of $2,500,000, (4) Holdings’ or its Subsidiaries’ discovery of any occurrence or
condition at any Facility, or on any real property adjoining or in the vicinity of any
Facility, that could reasonably be expected to cause such Facility or any part thereof to be
subject to any material restrictions on the ownership, occupancy, transferability or use
thereof under any Environmental Laws, the removal of which restriction would reasonably be
expected to result in a liability of or require an expenditure by Holdings or its
Subsidiaries in excess of $2,500,000, (5) any proposed acquisition of stock, assets, or
property by Holdings or any of its Subsidiaries that could reasonably be expected to expose
Holdings or any of its Subsidiaries to, or result in, Environmental Claims that could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect,
and (6) any proposed action to be taken by Holdings or any of its Subsidiaries to modify
current operations in a manner that could reasonably be expected to subject Holdings or any
of its Subsidiaries to any additional
obligations or requirements under Environmental Laws that could reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect.

        (ii) Semi-Annual Report. Commencing on September 30, 2007, Holdings shall
submit to the Administrative Agent a semi-annual written report on the

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status of (A) any
non-compliance with Environmental Law, (B) any pending or threatened Environmental Claim,
(C) any Remedial Action, and (D) if reasonably requested by the Administrative Agent, other
matters related to Holdings or its Subsidiaries compliance with Environmental Law, in each
case of (A) through (D) above, that that, in each case, could reasonably be expected to give
rise to liability of or expenditures by Holdings or its Subsidiaries of $3,000,000 or more.
Such report shall specify in reasonable detail (1) the status of the matter including any
significant developments since the date of the prior report, (2) any technical reports or
material correspondence prepared or received relating to the matter, (3) the proposed plan
for resolution or completion of the matter, and (4) the anticipated cost to achieve such
resolution or completion of the matter. Subject to Section 5.9(d) below, at the reasonable
written request of the Administrative Agent, Holdings shall provide the Administrative Agent
with copies of all material documents related to such matters that are in its or its
Subsidiaries’ possession or control; and

        (iii) Subject to 5.9(d) below, Holdings shall also deliver to Administrative Agent
and Lenders with reasonable promptness, such other documents and information as from time to
time may be reasonably requested by Administrative Agent in relation to any matters
addressed by this Section 5.9.

          (c) Right of Access and Inspection.

        (i) With respect to any matter disclosed pursuant to subsection (b) above, or if an
Event of Default has occurred and is continuing, or if Administrative Agent reasonably
believes either that Holdings or any of its Subsidiaries has breached any representation,
warranty or covenant in this Agreement pertaining to environmental matters in any material
respect, the Administrative Agent and its representatives shall have the right, but not the
obligation, at any reasonable time and after reasonable notice, to enter into and observe
the condition and operations of the Facilities as they relate to matters pertaining to
Environmental Law (“Environmental Conditions”). Such access shall include, at the
reasonable request of the Administrative Agent, an opportunity to review relevant documents
and interview employees or representatives of Holdings or its Subsidiaries to the extent
necessary to obtain information related to the Environmental Conditions at issue. Holdings
shall reimburse the Administrative Agent for any reasonable costs incurred in conducting any
such observations, including any reasonable consultants’ or lawyers fees relating thereto.
At the reasonable request of the Administrative Agent, Holdings shall prepare a Phase I
Report and conduct such tests and investigations as directed by the Administrative Agent for
Environmental Conditions that could reasonably be expected to give rise to liability of or
expenditures by Holdings or its Subsidiaries in excess of $3,000,000; provided,
however, that any such tests or investigations shall not include the taking of
samples of air, soil, surface water, groundwater, effluent, and building materials, in, on
or under the Facilities unless, based
upon the Phase I Report, the Administrative Agent reasonably concludes that such
sampling is commercially reasonable and necessary to evaluate any Environmental Conditions
(x) with respect to any proposed sub-surface soil or ground water sampling, that could
reasonably be expected to give rise to liability or expenditures by Holdings or its
Subsidiaries in excess of $10,000,000 or (y) with respect to any other samplings, that

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could
be reasonably be expected to give rise to liability or expenditures by Holdings or its
Subsidiaries in excess of $7,000,000. Any such tests and investigations shall be conducted
by a qualified environmental consulting firm reasonably acceptable to the Administrative
Agent. If an Event of Default has occurred and is continuing, or if Holdings does not
prepare a Phase I Report or conduct the requested tests and investigations in a reasonably
timely manner, the Administrative Agent may, upon prior notice to Holdings, retain an
environmental consultant, at Holdings’ expense, to prepare a Phase I Report and conduct such
tests and investigations. Holdings and its Subsidiaries shall provide Administrative Agent
and its consultants with access to the Facilities during normal business hours in order to
complete any necessary inspections or sampling. The Administrative Agent will make
commercially reasonable efforts to conduct any such investigations so as to avoid
interfering with the operation of the Facility.

        (ii) Notwithstanding the Administrative Agent’s rights under subsection (c)(i) above,
the Administrative Agent (and its representatives) shall also have the right, at its own
cost and expense and upon reasonable prior notice to Holdings, to enter into and observe the
Environmental Condition of the Facilities during normal business hours. Such inspections
and observations may include such reviews as are necessary for the preparation of a Phase I
Report, but may not, without Holdings’ prior written consent, include the taking of samples
of air, soil, surface water, groundwater, effluent, and building materials. The
Administrative Agent may not exercise its rights under this subsection (c)(ii) more
frequently than once per year at each Facility. The Administrative Agent’s decision to
conduct an inspection pursuant to this subsection (c)(ii), shall not, in any way, limit the
Administrative Agent’s rights to enter the Facilities, conduct inspections or obtain
information under any provision in this Agreement or otherwise. The Administrative Agent
(and its representatives) shall also have the right, at the cost and expense of Company, to
request any other existing environmental reports, from time to time, as the Administrative
Agent deems reasonable in its sole discretion; provided, however, that the Company shall not
be required to (i) create or commission any environmental report and (ii) provide any
existing environmental report if providing such environmental report to the Administrative
Agent could result in adverse consequences for the Company, Holdings or any of their
Affiliates arising from the loss of legal privilege or other material rights of the Company,
Holdings or any of their Affiliates with respect to such reports.

        (iii) The exercise of the Administrative Agent’s rights under subsections (c)(i) or
(c)(ii) shall not constitute a waiver of any default by Holdings or any Subsidiary and shall
not impose any liability on the Administrative Agent or any of the Lenders. In no event
will any site visit, observation, test or investigation by the Administrative Agent be
deemed a representation that Hazardous Materials are or are not present in, on or under any
of the Facilities, or that there has been or will be compliance with any Environmental Law,
and the Administrative Agent shall not be deemed to have made any
representation or warranty to any party regarding the truth, accuracy or completeness
of any report or findings with regard thereto. Without express written authorization, which
shall not be unreasonably withheld, neither Holdings nor any other party shall be entitled
to rely on any site visit observation, test or investigation by the Administrative Agent.
The Administrative Agent and the Lenders owe no duty of care to protect Holdings or

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any
other party against, or to inform Holdings or any other party of, any Hazardous Materials or
any other adverse Environmental Condition affecting any of the Facilities. The
Administrative Agent may in its reasonable discretion disclose to Holdings or, if so
required by law, to any third party, any report or findings made as a result of, or in
connection with, any site visit, observation, testing or investigation by the Administrative
Agent. If the Administrative Agent reasonably believes that it is legally required to
disclose any such report or finding to any third party, then the Administrative Agent shall
use its reasonable efforts to give Holdings prior notice of such disclosure and afford
Holdings the opportunity to object or defend against such disclosure at its own and sole
cost; provided, that the failure of the Administrative Agent to give any such notice or
afford Holdings the opportunity to object or defend against such disclosure shall not result
in any liability to the Administrative Agent. Holdings acknowledges that it or its
Subsidiaries may be obligated to notify relevant Governmental Authorities regarding the
results of any site visit, observation, testing or investigation by the Administrative Agent
and that such reporting requirements are site and fact-specific, and are to be evaluated by
Holdings without advice or assistance from the Administrative Agent. Nothing contained in
this Section 5.9(c)(iii) shall be construed as releasing the Administrative Agent or the
Lenders from any liability to the extent incurred as a result of their gross negligence or
willful misconduct.

        (iv) If counsel to Holdings or any of its Subsidiaries reasonably determines (1) that
provision to Administrative Agent of a document otherwise required to be provided pursuant
to this Section 5.9 (or any other provision of this Agreement or any other Credit Document
relating to environmental matters) would jeopardize an applicable attorney-client or work
product privilege pertaining to such document, then Holdings or its Subsidiary shall not be
obligated to deliver such document to Administrative Agent but shall provide Administrative
Agent with a notice identifying the author and recipient of such document and generally
describing the contents of the document. Upon request of Administrative Agent, Holdings and
its Subsidiaries shall take all reasonable steps necessary to provide Administrative Agent
with the factual information contained in any such privileged document.

     5.10. Subsidiaries. In the event that any Person becomes a Domestic Subsidiary of Company, Company shall (a) as
soon as is practicable cause such Domestic Subsidiary (other than (i) non-wholly owned Domestic
Subsidiaries owning total assets with an aggregate fair market value not to exceed $2,500,000 in
the aggregate for all such non-wholly owned Domestic Subsidiaries or (ii) Domestic Subsidiaries
owning total assets with an aggregate fair market value of less than $100,000, and not to exceed
$1,000,000 in the aggregate for all such Domestic Subsidiaries, or generating total revenue for any
twelve (12) month period of less than $100,000, and not to exceed $1,000,000 in the aggregate for
all such Domestic Subsidiaries) to become a Guarantor hereunder by executing and delivering to
Administrative Agent a Counterpart Agreement, and
(b) take all such actions and execute and deliver, or cause to be executed and delivered, all
such documents, instruments, agreements, and certificates as are similar to those described in
Sections 3.1(b) and 3.1(n). Notwithstanding any provision of this Agreement to the contrary, from
and after the Closing Date, each of the MLP and the Special GP shall be a Guarantor hereunder and a
Grantor under the Pledge and Security Agreement.

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     5.11. [Reserved]
..

     5.12. Interest Rate Protection. The Company shall maintain, or cause to be maintained, the Interest Rate Agreements in
place as of the Closing Date for the remainder of the stated term thereof, or if shorter, until the
Term Loan Maturity Date.

     5.13. Swap Agreement. Company shall cause the Swap Agreement to remain in place for a period of no less than four
years after the Effective Date on terms and conditions as set forth in the Swap Agreement and
otherwise reasonably satisfactory to the Arranger and shall not sell assign or otherwise encumber
any rights to receive payments under the Swap Agreement (other than pursuant to the Credit
Documents) or enter into any agreement that has the practical effect of effectuating the foregoing.

     5.14. Further Assurances. At any time or from time to time upon the request of Administrative Agent, each Credit
Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do
such other acts and things as Administrative Agent may reasonably request in order to effect fully
the purposes of the Credit Documents. In furtherance and not in limitation of the foregoing, each
Credit Party shall take such actions as Administrative Agent may reasonably request from time to
time to ensure that the Obligations are guarantied by the Guarantors.

     5.15. Miscellaneous Business Covenants . Unless otherwise consented to by the Administrative Agent or Requisite Lenders: Company
will and will cause each of its Subsidiaries to: (i) maintain entity records and books of account
separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle
its funds or assets with those of any other entity which is an Affiliate of such entity; and (iii)
provide that its board of directors or other analogous governing body will hold all appropriate
meetings to authorize and approve such entity’s actions, which meetings will be separate from those
of other entities.

     5.16. [Reserved].

     5.17. Refinery Revenue Bonds.

          (a) Notwithstanding anything in this Agreement or any of the other Credit Documents
to the contrary, Holdings or any of its Subsidiaries may, for the purpose of obtaining tax
credits or other tax abatement from the State of Kansas and Montgomery County, Kansas,
pursuant to Kansas Statutes Annotated (“K.S.A.”) Sections 79-201, et seq. (the “Property
Tax Exemption Statute”), (i) lease the site of the Coffeyville Refinery constituting a
portion of the Closing Date Mortgaged Properties and described in the Boundary Survey (the
“Coffeyville Refinery Site”) to Montgomery County, Kansas or any Affiliate of Montgomery
County, Kansas (the “County”), (ii) sell the Coffeyville Refinery to the County and (iii)
lease the Coffeyville Refinery Site and the Coffeyville Refinery from the County, all in
connection with the issuance of revenue bonds (the “Refinery Revenue Bonds”) issued by the
County pursuant to the Kansas Economic Development Revenue Bond Act, as amended and
codified in K.S.A. 12-1740 et seq. (the “Revenue Bond Act”). Holdings or any of its
Subsidiaries may enter into such agreements and take such actions, in each case

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approved
by the Administrative Agent (such approval not to be unreasonably withheld) as Holdings or
Company may consider to be necessary or desirable to consummate the issuance of the
Refinery Revenue Bonds and the related transactions, including (without limitation) the
execution and delivery of any payment-in-lieu-of-taxes or similar agreement between any
Credit Party and the County relating to the payment of property taxes on the Coffeyville
Refinery, the Coffeyville Refinery Site, or both.

          (b) The principal amount of the Refinery Revenue Bonds shall be that amount
determined by Holdings or Company, and approved by the Administrative Agent (such approval
not to be unreasonably withheld), as being necessary to achieve the maximum amount of tax
credits or other tax abatement for the Coffeyville Refinery Site and the Coffeyville
Refinery pursuant to the Property Tax Exemption Statute. The initial amount of the
Refinery Revenue Bonds issued and outstanding may be reduced and cancelled, from time to
time, at the request of the Administrative Agent, to the minimal amount required to remain
outstanding and achieve the tax benefits provided therefor.

          (c) The Refinery Revenue Bonds shall be purchased by Holdings or any of its
Subsidiaries.

          (d) Except to the extent provided in this Section 5.17, the issuance of the
Refinery Revenue Bonds and the execution and delivery of all agreements described or
referred to in this Section 5.17 in connection therewith shall not require any additional
approval of the Lenders and shall be deemed to comply with all provisions of this
Agreement, including (without limitation) the provisions of Section 6.

          (e) The obligation of Holdings or any of its Subsidiaries to make payments to the
County with respect to the Refinery Revenue Bonds, whether such payments consist of lease
payments, loan payments or any other form of payment, the corresponding right of the
County to receive such payments and all other security provided by Holdings or any of its
Subsidiaries with respect to the Refinery Revenue Bonds shall in all respects be junior
and subordinate to the rights of the Lenders to receive payment hereunder. Holdings or any
of its Subsidiaries, as applicable, shall
enter into, and shall cause the County to enter into, such agreements as the
Administrative Agent shall reasonably require to reflect such subordination.

     5.18. Syndication .

          (a) The Company agrees to cooperate with the Arranger, in connection with (i) the
preparation of an information package regarding the business, operations, Projections and
prospects of the Company including, without limitation, the delivery of all information
relating to the transactions contemplated by this Agreement prepared by or on behalf of
the Company deemed reasonably necessary by the Arranger in connection with the potential
syndication of the Term Loans and (ii) the presentation of an information package
acceptable in format and content to the Arranger in meetings and other communications with
prospective Lenders in connection with the syndication of the Term Loans (including,
without limitation, direct contact between senior

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management and representatives of the
Company with prospective Lenders and participation of such persons in meetings). The
Company shall be solely responsible for the contents of any such information package and
presentation and acknowledges that the Arranger will be using and relying upon the
information contained in such information package and presentation without independent
verification thereof. The Company agrees that information regarding the Term Loans and
information provided by the Company or their representatives to the Arranger in connection
with the Term Loans (including, without limitation, draft and execution versions of the
Credit Documents and publicly filed financial statements) may be disseminated to potential
Lenders and other persons through one or more internet sites (including an IntraLinks
workspace) created for purposes of syndicating the Term Loans or otherwise, in accordance
with the Arranger’s standard syndication practices (including hard copy and via electronic
transmissions). Without limiting the foregoing, the Company authorizes the use of its
logo in connection with any such dissemination.

          (b) At the request of the Arranger, the Company agrees to prepare a version of the
information package and presentation that does not contain material non-public information
concerning the Company or its affiliates or their securities. In addition, the Company
agrees that unless specifically labeled “Private – Contains Non-Public Information,” no
information, documentation or other data disseminated to prospective Lenders in connection
with the syndication of the Term Loans, whether through an internet site (including,
without limitation, an IntraLinks workspace), electronically, in presentations at meetings
or otherwise, will contain any material non-public information concerning the Company or
its affiliates or their securities.

          (c) To facilitate an orderly and successful syndication of the Term Loans, you
agree that during the syndication period which shall begin upon receipt by the Company of
notification from the Arranger, the Company will not syndicate or
issue, attempt to syndicate or issue, announce or authorize the announcement of the
syndication or issuance of, or engage in discussions concerning the syndication or
issuance of, any debt facility or debt security of the Company or any of its subsidiaries
or affiliates (other than the Sponsors and the portfolio companies of the Sponsors) (other
than any debt refinancing of the Term Loans, the loans under the Existing Credit
Agreement, the loans under the Opco Secured Credit Agreement or the loans under the Parent
Credit Agreement), including any renewals or refinancings of any existing debt facility or
debt security (other than the Term Loans) without the prior written consent of the
Arranger.

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SECTION 6. NEGATIVE COVENANTS

     Each Credit Party covenants and agrees that, so long as any Commitment is in effect and until
payment in full of all Obligations, such Credit Party shall perform, and shall cause each of its
Subsidiaries to perform, all covenants in this Section 6.

     6.1. Indebtedness . No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly
liable with respect to any Indebtedness, except:

          (a) the Obligations, the Obligations (as defined in the Existing Credit Agreement)
and the Obligations (as defined in the Opco Secured Credit Agreement);

          (b) (A) Indebtedness of (w) any Holdings or any Subsidiary to Company or to any
other Guarantor Subsidiary, or (x) of Company to any Guarantor Subsidiary, or (y) any
Holdings to any other Holdings, or (z) of Company or any Subsidiary to any non-Guarantor
Subsidiary; provided that the aggregate amount of such Indebtedness of Company or
any Guarantor Subsidiary to any non-Guarantor Subsidiary shall not exceed, when taken
together with guaranties made pursuant to Section 6.1(h)(C), Investments made pursuant to
Section 6.7(b)(ii) and Asset Sales made pursuant to Section 6.9(i)(i), $2,500,000 in the
aggregate; provided, (i) all such Indebtedness shall be evidenced by promissory
notes, (ii) all such Indebtedness shall be unsecured and subordinated in right of payment
to the payment in full of the Obligations pursuant to the terms of the applicable
promissory notes or an intercompany subordination agreement that in any such case, is
reasonably satisfactory to Administrative Agent, and (iii) any payment by any such
Guarantor Subsidiary under any guaranty of the Obligations shall result in a pro tanto
reduction of the amount of any Indebtedness owed by such Subsidiary to Company or to any
of its Subsidiaries for whose benefit such payment is made, (B) Indebtedness of any Credit
Party to Minority Investments which, together with all obligations (including, without
limitation, Investments, contingent liabilities and capital calls) arising from
Investments pursuant to Sections 6.7(o) and 6.7(p) in Minority Investments, do not at any
one time exceed $2,000,000 in the aggregate and (C) Indebtedness of any non-Guarantor
Subsidiary to any other non-Guarantor Subsidiary;

          (c) [Reserved];

          (d) Indebtedness incurred by Company or any of its Subsidiaries arising from
agreements providing for indemnification, adjustment of purchase price or similar
obligations, or from guaranties or letters of credit, surety bonds or performance bonds
securing the performance of Company or any such Subsidiary pursuant to such agreements, in
connection with Permitted Acquisitions or permitted dispositions of any business, assets
or Subsidiary of Company or any of its Subsidiaries;

          (e) Indebtedness which may be deemed to exist pursuant to any guaranties,
indemnities, performance, surety, statutory, appeal or similar obligations

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including the
types of obligations referred to in clause (d) incurred in the ordinary course of
business;

          (f) Indebtedness in respect of netting services, overdraft protections and
otherwise in connection with deposit accounts;

          (g) guaranties in the ordinary course of business of the obligations of suppliers,
customers, franchisees and licensees of Company and its Subsidiaries;

          (h) (A) guaranties by Company of Indebtedness of a Guarantor Subsidiary or
guaranties by a Subsidiary of Company of Indebtedness of Company or a Guarantor Subsidiary
with respect, in each case, to Indebtedness otherwise permitted to be incurred pursuant to
this Section 6.1, (B) guaranties by non-Guarantor Subsidiaries of Indebtedness of other
non-Guarantor Subsidiaries and (C) guaranties by Company or a Guarantor Subsidiary of
Indebtedness of non-Guarantor Subsidiaries that, had such guaranties been Indebtedness
incurred pursuant to Section 6.1(b)(A)(z) would have been permitted by such section, in an
aggregate amount not to exceed, when taken together with Indebtedness incurred pursuant to
Section 6.1(b)(i), Investments made pursuant to Section 6.7(b)(ii) and Asset Sales made
pursuant to Section 6.9(i)(i), $2,500,000 in the aggregate;

          (i) Indebtedness described in Schedule 6.1 as of the Effective Date, but not any
extensions, renewals or replacements of such Indebtedness except (i) renewals and
extensions expressly provided for in the agreements evidencing any such Indebtedness as
the same are in effect on the date of this Agreement and (ii) refinancings and extensions
of any such Indebtedness if the terms and conditions thereof are not materially less
favorable to the obligor thereon or to the Lenders than the Indebtedness being refinanced
or extended, and the average life to maturity thereof is greater than or equal to that of
the Indebtedness being refinanced or extended; provided, such Indebtedness
permitted under the immediately preceding clause (i) or (ii) above shall not (A) include
Indebtedness of an obligor that was not an obligor with respect to the Indebtedness being
extended, renewed or refinanced, (B) exceed in a principal amount the Indebtedness being
renewed, extended or refinanced, or (C) be incurred, created or assumed if any Default or
Event of Default has occurred and is continuing or would result therefrom;

          (j) Indebtedness existing under the Swap Agreement as of the Closing Date;

          (k) additional Indebtedness incurred under the Swap Agreement after the Closing
Date;

          (l) additional Indebtedness under (i) Commodity Agreements permitted pursuant to
Section 6.20, (ii) any other Hedge Agreements and (iii) any Interest Rate Agreements
entered into with any financial institution other than a Lender Counterparty in the
ordinary course of Holdings’ or any of its Subsidiaries’ businesses;

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          (m) (i) Indebtedness arising under Capital Leases, other than Capital Leases in
effect on the Effective Date (and listed on Schedule 6.1); provided that the
aggregate amount of Indebtedness incurred pursuant to this subclause (i) shall not exceed
$5,000,000 at any time outstanding, and (ii) any refinancing, refunding, renewal or
extension of any Indebtedness specified in subclause (i) above; provided that the
principal amount thereof is not increased above the principal amount thereof outstanding
immediately prior to such refinancing, refunding, renewal or extension;

          (n) [Reserved];

          (o) [Reserved];

          (p) [Reserved];

          (q) Indebtedness incurred in accordance with Section 5.17 as of the Closing Date;

          (r) Indebtedness incurred in connection with the financing in the ordinary course
of insurance premiums in an aggregate amount not to exceed $10,000,000 as of the Effective
Date or at any time thereafter; and

          (s) other Indebtedness of Company and its Subsidiaries in an aggregate amount not
to exceed at any time $10,000,000 at any time outstanding.

To the extent that the creation, incurrence or assumption of any Indebtedness could be attributable
to more than one subsection of this Section 6.1, Company may allocate (or reallocate) such
Indebtedness to any one or more of such subsections and in no event shall the same portion of
Indebtedness be deemed to utilize or be attributable to more than one item.

     6.2. Liens . No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or
asset of any kind (including any document or instrument in respect of goods or accounts receivable)
of Company or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or
profits therefrom, or file or permit the filing of, or permit to remain in effect, any financing
statement or other similar notice of any Lien with respect to any such property, asset, income or
profits under the UCC of any State or under any similar recording or notice statute, except:

          (a) (i) Liens in favor of the Collateral Agent (as defined in the Existing Credit
agreement) for the benefit of the Secured Parties (as defined in the Existing Credit
Agreement) granted pursuant to any Credit Document (as defined in the Existing Credit
Agreement) and (ii) Liens on the Collateral (as defined in the Opco Secured Credit
Agreement) securing the obligations under the Opco Secured Credit Agreement.

          (b) Liens for Taxes if obligations with respect to such Taxes are not yet due or
are being contested in good faith by appropriate proceedings promptly instituted and
diligently conducted;

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          (c) statutory Liens of landlords, banks (and rights of set-off), of carriers,
warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens imposed by
law (other than any such Lien imposed pursuant to Section 401 (a)(29) or 412(n) of the
Internal Revenue Code or by ERISA), in each case incurred in the ordinary course of
business (i) for amounts not yet overdue or (ii) for amounts that are overdue and that (in
the case of any such amounts overdue for a period in excess of fifteen days) are being
contested in good faith by appropriate proceedings, so long as such reserves or other
appropriate provisions, if any, as shall be required by GAAP shall have been made for any
such contested amounts;

          (d) Liens incurred in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other types of social security and other similar
statutory obligations, or to secure the performance of tenders, statutory obligations,
surety and appeal bonds, bids, leases, government contracts, trade contracts, supply
agreements, performance and return-of-money bonds and other similar obligations (exclusive
of obligations for the payment of borrowed money or other Indebtedness), so long as no
foreclosure, sale or similar proceedings have been commenced with respect to any portion
of the Collateral (as defined in the Existing Credit Agreement) on account thereof;

          (e) easements, rights-of-way, restrictions, encroachments, and other minor defects
or irregularities in title, in each case which do not and will not interfere in any
material respect with the ordinary conduct of the business of Company or any of its
Subsidiaries;

          (f) any interest or title of a lessor or sublessor under any lease (including
Permitted Sale Leasebacks) as of the Closing Date;

          (g) Liens solely on any cash earnest money deposits made by Company or any of its
Subsidiaries in connection with any letter of intent or purchase agreement permitted
hereunder;

          (h) purported Liens evidenced by the filing of precautionary UCC financing
statements relating solely to operating leases of personal property entered into in the
ordinary course of business;

          (i) Liens in favor of customs and revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods;

          (j) any zoning or similar law or right reserved to or vested in any governmental
office or agency to control or regulate the use of any real property in each case which do
not and will not interfere in any material respect with the ordinary conduct of the
business of Company or any of its Subsidiaries;

          (k) licenses of patents, trademarks and other intellectual property rights granted
by Company or any of its Subsidiaries in the ordinary course of business and

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not
interfering in any respect with the ordinary conduct of the business of Company or such
Subsidiary;

          (l) Liens described in Schedule 6.2 as of the Effective Date and any renewals or
replacements of such Liens in connection with refinancing of Indebtedness secured thereby
or on a Title Policy delivered pursuant to Section 3.1(i)(iv) of the Existing Credit
Agreement;

          (m) Liens securing Indebtedness permitted pursuant to Section 6.1(m);

          (n) [Reserved];

          (o) to the extent not secured by Funded Letters of Credit, Liens securing
Indebtedness under the Swap Agreement permitted under Sections 6.1(j) or (k); provided
such Liens are subject to the Intercreditor Agreement;

          (p) unperfected Liens which arise by operation of law in favor of Persons providing
crude oil or gas products to Company or its Subsidiaries;

          (q) judgment Liens not otherwise constituting or arising out of an Event of Default
pursuant to Section 8.1(h);

          (r) customary Liens and other customary restrictions contained in any agreement
applicable to Minority Investments; and

          (s) Liens in favor of hedging counterparties on cash deposits in margin accounts
established in the ordinary course of business in an aggregate amount not to exceed
$10,000,000.

     6.3. [Reserved]
..

     6.4. No Further Negative Pledges. Except with respect to (a) specific property encumbered to secure payment of particular
Indebtedness or to be sold pursuant to an executed agreement with respect to a permitted Asset
Sale, (b) restrictions by reason of customary provisions restricting assignments, subletting or
other transfers contained in leases, licenses and similar agreements entered into in the ordinary
course of business (provided that such restrictions are limited to the property or assets
secured by such Liens or the property or assets subject to such leases, licenses or similar
agreements, as the case may be), (c) restrictions pursuant to the Credit Documents, Hedge
Agreements, the Swap Agreement Documents, or the Partnership Agreement, (d) Indebtedness permitted
to be secured pursuant to clauses (m) and (t) of Section 6.1 of the Existing Credit Agreement, and
(e) any other Permitted Lien but only to the extent to the assets to which such Permitted Lien
attaches, no Credit Party nor any of its Subsidiaries shall enter into any agreement prohibiting
the creation or assumption of any Lien upon any of its properties or assets, whether now owned or
hereafter acquired.

     6.5. Restricted Junior Payments . No Credit Party shall, nor shall it permit any of its Subsidiaries through any manner or
means or through any other Person to, directly or indirectly,

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declare, order, pay, make or set
apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior
Payment except that:

          (a) Company or any Holdings may make Restricted Junior Payments to Holdings (and,
to the extent applicable, Holdings may make Restricted Junior Payments):

        (i) to the extent necessary to permit Holdings or any direct or indirect parent
Company of Holdings to pay legal, accounting and reporting expenses in the ordinary course
of business;

        (ii) (A) at any time prior to the consummation of an IPO, to the extent necessary to
permit Holdings or any direct or indirect parent company of Holdings to pay general
administrative costs and expenses and to pay reasonable directors fees and expenses, in an
aggregate amount not to exceed $2,500,000 in any Fiscal Year, and (B) at any time after the
consummation of an IPO, to the extent necessary to permit Parent to pay reasonable and
customary general administrative costs and expenses and to pay reasonable and customary
directors fees and expenses in the ordinary course of business and directly related to
Parent’s ownership of Company;

        (iii) to the extent necessary to permit any of Holdings to discharge the tax
liabilities (including franchise taxes) of any of Holdings and their respective
Subsidiaries, in each case, so long as Holdings apply the amount of any such Restricted
Junior Payment for such purpose;

        (iv) so long as no Default or Event of Default shall have occurred or be continuing
to repurchase stock of any Holdings or AcquisitionCo held by then present or former officers
or employees of Holdings, Company or any of their respective Subsidiaries upon such person’s
death, disability, retirement or termination of employment in an aggregate amount not to
exceed $2,500,000 plus the proceeds of any keyman life insurance and purchases of Capital
Stock of Holdings (or any parent of Holdings if the proceeds thereof are contributed as
equity to Holdings) by management in the aggregate in any Fiscal Year;

        (v) so long as no Default or Event of Default under Sections 8.1 (a), (f) or (g)
shall have occurred or be continuing, to the extent necessary to permit Holdings to pay (1)
management fees to the Sponsors in an amount not to exceed (A) $3,000,000 per Fiscal Year or
(B) in connection with the consummation of any IPO, a one time management fee of
$10,000,000, in each case pursuant to the Management Agreement, (2) customary investment
banking fees paid to the Sponsors and their Affiliates for services rendered to Holdings and
its Subsidiaries in connection with divestitures, acquisitions, financings and other
transactions, (3) reasonable one-time financial advisory fees for transactions involving
Holdings and its Subsidiaries in an amount not to exceed, with respect to both clauses (2)
and (3), $750,000 in the aggregate per Fiscal Year, (4) in connection with the consummation
of an IPO, such fees as are provided pursuant to the Management Agreement as in effect on
the date hereof and (5) any indemnity obligations owed to the Sponsors pursuant to the
Management Agreement; provided that (x) any of

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the foregoing fees and obligations
that remain unpaid because of the occurrence or the continuance of a Default under Sections
8.1 (a), (f) or (g) or an Event of Default shall continue to accrue and (y) such accrued and
unpaid fees shall be permitted to be paid (in addition to any amounts permitted by the
foregoing clauses (1) through (5)), at any time as no Default under Sections 8.1 (a), (f) or
(g) and no Event of Default shall exist;

        (vi) to the extent necessary to permit Holdings to pay reasonable out-of-pocket
expenses incurred by Sponsors in the ordinary course in connection with their management
obligations; and

        (vii) to the Sponsors solely for the purpose of funding the acquisition by
Acquisition III LLC of the Capital Stock of the Managing GP from the Company in an amount
not to exceed $20,000,000;

          (b) any Holdings may make Restricted Junior Payments to any other Holdings;

          (c) so long as no Default or Event of Default has occurred or would result
therefrom, the Company may make payments in connection with any modification, reduction or
termination of the Swap Agreement, provided that such payments shall only be made
with proceeds from (i) the Available Amount and (ii) up to $50,000,000 of Qualified
Subordinated Indebtedness; and

          (d) any Subsidiary of the Company may pay dividends or make other distributions
with respect to any class of its issued and outstanding Capital Stock or intercompany
Indebtedness permitted by Section 6.1(b); provided, any dividends and other
distributions by a Subsidiary of the Company that is not wholly-owned are paid in Cash on
a pro rata basis among the holders of each applicable class of Capital Stock.

     6.6. Restrictions on Subsidiary Distributions. Except as provided herein, no Credit Party shall, nor shall it permit any of its
Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any Subsidiary of Company to (a) pay
dividends or make any other distributions on any of such Subsidiary’s Capital Stock owned by
Company or any other Subsidiary of Company, (b) repay or prepay any Indebtedness owed by such
Subsidiary to Company or any other Subsidiary of Company, (c) make loans or advances to Company or
any other Subsidiary of Company, or (d) transfer any of its property or assets to Company or any
other Subsidiary of Company other than restrictions (i) in agreements evidencing Indebtedness
permitted by Section 6.1(k) that impose restrictions on the property so acquired and (ii) by reason
of customary provisions restricting assignments, subletting or other transfers contained in leases,
licenses, joint venture agreements and similar agreements entered into in the ordinary course of
business, (iii) that are or were created by virtue of any transfer of, agreement to transfer or
option or right with respect to any property, assets or Capital Stock not otherwise prohibited
under this Agreement, (iv) customary restrictions or conditions imposed by (x) law or (y) any of
the Credit Documents, Credit Documents (as defined in the Opco Secured Credit Agreement), Credit
Documents (as defined in the Existing Credit Agreement) or the Swap Agreement Documents, or
restrictions or conditions imposed by the Partnership Agreement, (v) any Permitted Lien or any
document or

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instrument governing any Permitted Lien; provided that any such restriction contained
therein relates only to the asset or assets subject to such Permitted Lien; (vi) customary
restrictions in Material Contracts entered into in the ordinary course of business,
provided that any such restrictions contained therein relate only to such agreements and
that any such restrictions, individually or in the aggregate, shall not materially affect any
Credit Party’s ability to pay Obligations; (vii) customary restrictions on net worth imposed by
customers or suppliers under contracts entered into in the ordinary course of business; and (viii)
an agreement governing Indebtedness incurred to refinance the Indebtedness issued, assumed or
incurred pursuant to an agreement referred to in clauses (i), (iv), and (v) above and any
amendments, restatements, modifications, renewals, supplements, refundings, replacements or
refinancings of the contracts, instruments or obligations referred to in clauses (i) through (viii)
above; provided, however, that the provisions relating to such encumbrance or
restriction contained in any such Indebtedness, amendments, restatements, modifications, renewals,
supplements, refundings, replacements or refinancings are no less favorable to Company in any
material respect as determined by the board of directors of Company in its reasonable and good
faith judgment than the provisions relating to such encumbrance or restriction contained in
agreements prior to such amendment, restatement, modification, renewal, supplement, refunding,
replacement or refinancing.

     6.7. Investments . No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, make or own any Investment in any Person, including without limitation any Minority
Investments, except:

          (a) Investments in Cash and Cash Equivalents;

          (b) equity Investments owned as of the Closing Date in any Subsidiary and
Investments made after the Closing Date in (i) any wholly-owned Guarantor Subsidiaries of
Company, (ii) any non-Guarantor Subsidiaries in an amount not to exceed, when taken
together with Indebtedness issued pursuant to Section 6.1(b)(z), guaranties made pursuant
to Section 6.1(h)(C) and Asset Sales made pursuant to Section 6.9(i)(i), $2,500,000 in the
aggregate, and (iii) any non-Guarantor Subsidiaries by another non-wholly owned
Subsidiary;

          (c) Investments (i) in any Securities received in satisfaction or partial
satisfaction thereof from financially troubled account debtors and (ii) deposits,
prepayments and other credits to suppliers made in the ordinary course of business
consistent with the past practices of Company and its Subsidiaries;

          (d) intercompany loans to the extent permitted under Section 6.1(b);

          (e) Consolidated Capital Expenditures permitted by Section 6.8(c);

          (f) (i) loans and advances to employees of Company and its Subsidiaries made in the
ordinary course of business (and any notes related thereto) in an aggregate principal
amount not to exceed $2,000,000 in the aggregate and (ii) stock repurchases permitted by
Section 6.5;

          (g) [Reserved];

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          (h) Investments described in Schedule 6.7 as of the Effective Date;

          (i) Investments in any Interest Rate Agreement, Currency Agreement, the Swap
Agreement or other Commodity Agreements;

          (j) Investments constituting non-cash proceeds of sales, transfers and other
dispositions of assets to the extent permitted by Section 6.9;

          (k) Investments represented by guarantees that are not otherwise prohibited under
this Agreement;

          (l) Investments in prepaid expenses, negotiable instruments held for collection,
and lease, utility, worker’s compensation, performance and other similar deposits provided
to third parties in the ordinary course of business;

          (m) any customary indemnity, purchase price adjustment, earn-out or similar
obligation in each case benefiting Company or any of is Subsidiaries created as a result
of any acquisition or disposition of the assets of Company or the assets or Capital Stock
of a Person that is a Subsidiary or becomes a Subsidiary as a result of such transaction
to the extent such transaction is otherwise permitted hereunder;

          (n) Investments consisting of purchases and acquisitions of inventory, supplies,
material or equipment or the licensing or contribution of intellectual property pursuant
to joint marketing arrangements with other Persons and progress payments made in respect
of capital expenditures, in each case in the ordinary course of business;

          (o) Investments in Minority Investments which, together with all obligations
(including, without limitation, Indebtedness, contingent liabilities and capital calls)
arising from such investment, do not at any one time exceed, when taken together with any
Investments made pursuant to Section 6.7(p) and Indebtedness permitted pursuant to Section
6.1(b)(B), $2,000,000 in the aggregate;

          (p) additional Investments which, as valued at the fair market value of such
Investment at the time each such Investment is made, do not at any one time exceed, when
taken together with any Investments made pursuant to Section 6.7(o) above and Indebtedness
permitted pursuant to Section 6.1(b)(B), $2,000,000 in the aggregate;

          (q) [Reserved]; and

          (r) Investments made or deemed to be made in connection with clauses (a) and (b) of
the definition of “MLP Reorganization”.

Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results
in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the
terms of Section 6.5.

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     To the extent that the making of any Investment could be deemed a use of more than one subsection
of this Section 6.7, Company may select the subsection to which such Investment will be deemed a
use and in no event shall the same portion of an Investment be deemed a use of more than one
subsection.

     6.8. Financial Covenants
        .

          (a) Interest Coverage Ratio. Company shall not permit the Interest
Coverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter
ending September 30, 2007, to be less than the correlative ratio indicated:

	 	 	 	 	 
	 	 	Interest
	Fiscal Quarter	 	Coverage Ratio
	September 30, 2007
	 	 	2.75:1.00	 
	December 31, 2007
	 	 	2.75:1.00	 
	March 31, 2008
	 	 	3.25:1.00	 
	June 30, 2008
	 	 	3.25:1.00	 
	September 30, 2008
	 	 	3.25:1.00	 
	December 31, 2008
	 	 	3.25:1.00	 

          (b) Total Leverage Ratio. Company shall not permit the Total Leverage
Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending
September 30, 2007, to exceed the correlative ratio indicated:

	 	 	 	 	 
	Fiscal	 	Leverage
	Quarter	 	Ratio
	September 30, 2007
	 	 	4.25:1.00	 
	December 31, 2007
	 	 	4.00:1.00	 
	March 31, 2008
	 	 	3.25:1.00	 
	June 30, 2008
	 	 	3.00:1.00	 
	September 30, 2008
	 	 	2.75:1.00	 
	December 31, 2008
	 	 	2.50:1.00	 

          (c) Maximum Consolidated Capital Expenditures. Company shall not, and
shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in
any Fiscal Year indicated below, in an aggregate amount for Company

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and its Subsidiaries
in excess of the sum of (1) the corresponding amount set forth below opposite such Fiscal
Year; provided, such amount for any Fiscal Year shall be increased by an amount
equal to 100% of the excess, if any, of such amount for the previous Fiscal Year (without
giving effect to any adjustments made in accordance with this proviso (provided that
actual Consolidated Capital Expenditures in any Fiscal Year shall be first applied against
any carryover from the prior Fiscal Year) and excluding any use of the Available Amount
pursuant to subclause (2) below) over the actual amount of Consolidated Capital
Expenditures for such previous Fiscal Year:

	 	 	 
	 	 	Consolidated 
	 	 	Capital          
	Fiscal Year	Expenditures
	2007

	 	$375,000,000 
plus the 2006
 Carryover
	2008

	 	$125,000,000

and (2) the Available Amount as of the last day of such Fiscal Year (provided that
no portion of the Available Amount can be used for Consolidated Capital Expenditures
until the entire amount available for Consolidated Capital Expenditure pursuant to
clause (i)(1) of this section with respect to such Fiscal Year has been so
expended).

          (d) Certain Calculations. With respect to any period during which a
Permitted Acquisition or an Asset Sale has occurred (each, a “Subject Transaction”), for
purposes of determining compliance with the financial covenants set forth in this
Section 6.8 and for determining pro forma compliance therewith (but not for purposes
of determining the Applicable Margin), Consolidated Adjusted EBITDA shall be calculated
with respect to such period on a pro forma basis (including pro forma adjustments arising
out of events which are directly attributable to a specific transaction, projected by
Holdings in good faith as a result of reasonably identifiable and factually supportable
net cost savings or additional costs, as the case may be, realizable during the twelve
month period after such transaction by combining, in the case of a Permitted Acquisition,
the operations of the acquired entity or business with the operations of Holdings and its
Subsidiaries; provided that (i) so long as such net cost savings or additional net costs
will be realizable at any time, during such period, it may be assumed, for purposes of
projecting such pro forma increase or decrease to Consolidated Adjusted EBITDA, that such
net cost savings or additional net cost will be realizable during the entire such period
and (ii) any such pro forma increase or decrease to Consolidated Adjusted EBITDA shall be
without duplication for net cost savings or additional net costs actually realized during
such period and already included in Consolidated EBITDA, all of which pro forma
adjustments shall be certified by the chief financial officer of Parent) using the
historical audited financial statements of any business so acquired or to be acquired or
sold or to be sold and the consolidated

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financial statements of Company and its
Subsidiaries which shall be reformulated as if such Subject Transaction, and any
Indebtedness incurred or repaid in connection therewith, had been consummated or incurred
or repaid at the beginning of such period (and assuming that such Indebtedness bears
interest during any portion of the applicable measurement period prior to the relevant
acquisition at the weighted average of the interest rates applicable to outstanding Loans
incurred during such period).

          (e) Right to Cure. Notwithstanding anything to the contrary contained in
this Section 6.8, in the event that any Credit Party would otherwise be in default of any
financial covenant set forth in this Section 6.8, until the 10th day subsequent to
delivery of the related Compliance Certificate, Holdings shall have the right, but in any
event no more than (i) two times in any twelve-month period and (ii) four times from the
Effective Date to the date of determination, to use cash proceeds from the issuance of
Permitted Cure Securities or other cash contributions to the capital of AcquisitionCo or
CVR, as applicable, (which proceeds and contributions will be contributed to the common
equity capital of Holdings and by Holdings to the common equity capital of the Company),
in either case in an aggregate amount equal to the lesser of (a) the amount necessary to
cure the relevant failure to comply with all the applicable financial covenants and (b)
$25,000,000, (collectively, the “Cure Right”), and upon the receipt by Holdings of such
cash (the “Cure Amount”) pursuant to the exercise of such Cure Right such financial
covenants shall be recalculated giving effect to the following pro forma adjustments:

        (i) Consolidated Adjusted EBITDA shall be increased, in accordance with the
definition thereof, solely for the purpose of measuring the financial covenants and not for
any other purpose under this Agreement, by an amount equal to the Cure Amount;

        (ii) if, after giving effect to the foregoing recalculations, the Credit Parties
shall then be in compliance with the requirements of all financial covenants set forth in
this Section 6.8, the Credit Parties shall be deemed to have satisfied the requirements
thereof as of the relevant date of determination with the same effect as though there had
been no failure to comply therewith at such date, and the applicable breach or default
thereof which had occurred shall be deemed cured for all purposes of the Agreement; and

        (iii) to the extent that the Cure Amount proceeds are used to repay Indebtedness,
such Indebtedness shall not be deemed to have been repaid for purposes of calculating the
Total Leverage Ratio for the period with respect to which such Compliance Certificate
applies.

     6.9. Fundamental Changes; Disposition of Assets; Acquisitions . No Credit Party shall, nor shall it permit any of its Subsidiaries to, effect any
transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any
liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor),
exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or
any part of its business, assets or property of any kind whatsoever, whether real, personal or
mixed and whether tangible or intangible,

84

 

whether now owned or hereafter acquired, or acquire by
purchase or otherwise (other than purchases or other acquisitions of inventory, materials and
equipment and Capital Expenditures in the ordinary course of business), including without
limitation any forward sale of production other than pursuant to Commodity Agreements not
prohibited by Section 6.20 the business, property or fixed assets of, or stock or other evidence of
beneficial ownership of, any Person or any division or line of business or other business unit of
any Person, except:

          (a) (i) any Subsidiary of Holdings may be merged with or into Company or any
Guarantor Subsidiary, or be liquidated, wound up or dissolved, or all or any part of its
business, property or assets may be conveyed, sold, leased, transferred or otherwise
disposed of, in one transaction or a series of transactions, to Company or any Guarantor
Subsidiary; provided, in the case of such a merger, Company or such Guarantor
Subsidiary, as applicable shall be the continuing or surviving Person, (ii) any
non-Guarantor Subsidiary may be merged with or into any other non-Guarantor Subsidiary and
(iii) any Holdings may be merged with or into any other Holdings, or be liquidated, wound
up or dissolved, or all or any part of its business, property or assets may be conveyed,
sold, leased, transferred or otherwise disposed of, in one transaction or a series of
transactions, to any other Holdings;

          (b) any Holdings may be merged with or into any other Holdings or be liquidated,
wound up or dissolved or all or any part of its business, property or assets may be
conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a
series of transactions, to any other Holdings or any successor entity; provided
that 100% of equity interests of Company are continued to be owned beneficially and of
record by at least one Holdings;

          (c) sales or other dispositions of assets that do not constitute Asset Sales;

          (d) [Reserved];

          (e) Asset Sales, the proceeds of which (valued at the principal amount thereof in
the case of non-Cash proceeds consisting of notes or other debt Securities and valued at
fair market value in the case of other non-Cash proceeds) are less than $5,000,000 in the
aggregate per Fiscal Year; provided (1) the consideration received for such assets
shall be in an amount at least equal to the fair market value thereof (determined in good
faith by the board of directors of Company (or similar governing body)), (2) no less than
75% thereof shall be paid in Cash (it being understood that assumption or extinguishment
of Indebtedness shall constitute Cash for purposes of this clause), and (3) the Net Asset
Sale Proceeds thereof shall be applied as required by Section 2.14(a) of the Existing
Credit Agreement;

          (f) [Reserved];

          (g) [Reserved];

          (h) [Reserved];

85

 

          (i) (i) Assets Sales to any non-Guarantor Subsidiary in amount not to exceed, when
taken together with Indebtedness issued pursuant to Section 6.1(b)(z), guaranties made
pursuant to Section 6.1(h)(C) and Investments made pursuant to Section 6.7(b)(ii),
$2,500,000 in the aggregate from the Closing Date to the date of determination;
provided that the Net Asset Sale Proceeds thereof shall be applied as required by
Section 2.14(a) of the Existing Credit Agreement and (ii) Assets Sales from any
non-Guarantor Subsidiary to any other non-Guarantor Subsidiary;

          (j) Investments made in accordance with Section 6.7;

          (k) easements or modifications of easements granted in the ordinary course of
business which do not and will not interfere in any material respect with the ordinary
conduct of the business of Company or any of its Subsidiaries the fair market value of
which do not to exceed $2,500,000 in the aggregate from the Effective Date;
provided that any Net Asset Sale Proceeds realized therefrom (to the extent such
grant constitutes an Asset Sale) shall be applied as required by Section 2.14(a) of the
Existing Credit Agreement;

          (l) the sale of the Managing GP to Acquisition III LLC so long as (i) the Company
and its Subsidiaries receive consideration, in cash, at the time of such sale equal to at
least the amount of the Restricted Payment actually paid to the Sponsors pursuant to
Section 6.5(a)(vii) (the “GP Purchase Price”) and (ii) the net proceeds from such sale
(after payment of any expenses) are applied in accordance with Section 2.14(a) of the
Existing Credit Agreement; and

          (m) any of Fertilizers or Refining may be merged with or into MergerSub 1 or
MergerSub 2; provided that, each of MergerSub 1 and MergerSub 2 are direct
wholly-owned Subsidiaries of CVR.

     6.10. Disposal of Subsidiary Interests. Except for (i) any sale of all of its interests in the Capital Stock of any of its
Subsidiaries in compliance with the provisions of Section 6.9 and (ii) any pledge of the Capital
Stock of Company or its Subsidiaries to secure the Obligations (as defined in the Opco Secured
Credit Agreement) or the Obligations under any Hedge Agreement or the Obligations (as defined in
the Existing Credit Agreement), and except as provided in the other Hedge Agreements (to the extent
permitted by Section 6.20), no Credit Party shall, nor shall it permit any of its Subsidiaries to,
(a) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any Capital
Stock of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b)
permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber
or dispose of any Capital Stock of any of its Subsidiaries, except to another Credit Party (subject
to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if
required by applicable law.

     6.11. Sales and Lease-Backs. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or
indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any
lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired,
which such Credit Party (a) has sold or transferred or is to sell or to transfer to any other
Person (other than Holdings or any of its Subsidiaries), or (b) intends to use

86

 

for substantially
the same purpose as any other property which has been or is to be sold or transferred by such
Credit Party to any Person (other than Holdings or any of its Subsidiaries) in connection with such
lease.

     6.12. Transactions with Shareholders and Affiliates. No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly,
enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of
any property or the rendering of any service) with any Affiliate of any of Holdings, on terms that
are less favorable such Holdings or that Subsidiary, as the case may be, than those that might be
obtained at the time from a Person who is not such an Affiliate; provided, the foregoing
restriction shall not apply to (a) any transaction between any Holdings and any Guarantor
Subsidiary; (b) reasonable and customary fees and compensation paid to and any indemnity of members
of the board of directors (or similar governing body) of any of Holdings and their respective
Subsidiaries; (c) compensation employee benefit, stock option and indemnification arrangements for
officers and other employees of any of Holdings and their respective Subsidiaries entered into in
the ordinary course of business; (d) transactions occurring on the Closing Date and those
transactions described in Schedule 6.12 as of the Effective Date; (e) Restricted Junior Payments
permitted by Section 6.5 and Investments permitted by Section 6.7; (f) the grant of stock options,
restricted stock, stock appreciation rights, phantom stock awards or similar rights to employees
and directors as approved by the board of directors; (g) transactions pursuant to any customary
registration rights and shareholder agreements with the shareholders of any Holdings or any direct
or indirect parent entity of any Holdings; and (h) intercompany agreements between and/or among any
or all of the Managing GP, the MLP, the Company, Acquisition III LLC or CVR or any of their
subsidiaries.

     6.13. Conduct of Business. From and after the Closing Date, no Credit Party shall, nor shall it permit any of its
Subsidiaries to, engage in any business other than (i) the businesses engaged in by such Credit
Party on the Closing Date and similar or related businesses and the activities incidental thereto
and (ii) such other lines of business as may be consented to by Requisite Lenders.

     6.14. Permitted Activities of Holdings. Each of Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other
obligation or liability whatsoever other than the Indebtedness and obligations under the Swap
Agreement, other Commodity Agreements to the extent permitted by Section 6.20 and other
Indebtedness permitted under Sections 6.1(b); (b) create or suffer to exist any Lien upon any
property or assets now owned or hereafter acquired by it other than the Liens created under the
Collateral Documents (as defined under each of the Existing Credit Agreement and the Opco Secured
Credit Agreement) to which it is a party or permitted pursuant to Section 6.2; (c) engage in any
business or activity or own any assets other than (i) holding collectively 100% of the Capital
Stock of Company; (ii) performing its obligations and activities incidental thereto under the
Credit Documents, and to the extent not inconsistent therewith, the Related Agreements; and (iii)
making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d)
consolidate with or merge with or into, or convey, transfer or lease all or substantially all its
assets to, any Person other than another Holdings or Company; (e) sell or otherwise dispose of any
Capital Stock of any of its Subsidiaries except as permitted by Section 6.10; (f) create or acquire
any Subsidiary or make or

87

 

own any Investment in any Person other than Company; or (g) fail to hold
itself out to the public as a legal entity separate and distinct from all other Persons.

     6.15. Amendments or Waivers of Certain Related Agreements. Except as otherwise permitted by Section 5.13, no Credit Party shall agree, nor shall it
permit any of its Subsidiaries to agree, to any material amendment, restatement, supplement or
other modification to, or waiver of, any of its material rights under any Related Agreement after
the Closing Date without in each case obtaining the prior written consent of Requisite Lenders to
such amendment, restatement, supplement or other modification or waiver (which consent shall not be
unreasonably withheld). No Credit Party shall agree, nor shall it permit any of its Subsidiaries
to agree, to any amendment, restatement, supplement or other modification to, or waiver of, the
Existing Credit Agreement, the Opco Secured Credit Agreement or the Parent Credit Agreement after
the Closing Date without obtaining the prior written consent of the Administrative Agent (which
consent shall not be unreasonably withheld or delayed) to such amendment, restatement, supplement
or other modification or waiver; provided, that in no event shall the Administrative Agent
receive a fee or other payment in connection with providing its approval thereof unless such
amendment, restatement, supplement or other modification would separately require the consent of
Lenders under this Agreement.

     6.16. Additional Restricted Payments. No Credit Party shall, nor shall it permit any of its Subsidiaries through any manner or
means or through any other Person to, directly or indirectly, pay or make any voluntary prepayments
of the term loans under the Existing Credit Agreement. Notwithstanding the foregoing, the Company
shall be permitted to repay Revolving Loans at any time with cash generated from Company’s
operations; provided, that all such prepayments shall not exceed
$25,000,000 in the aggregate; provided further that such $25,000,000 limitation shall
not apply to prepayments of Revolving Loans (i) with the proceeds of Term Loans hereunder and under
the Opco Secured Credit Agreement and the Parent Credit Agreement on the Closing Date or (ii) to
the extent that such prepayment arises from the proceeds of ordinary course receivables and the
amount of such prepayment is not greater than the amount of Revolving Loans drawn on and after the
Closing Date to pay ordinary course payables as reasonably determined by the Chief Financial
Officer of the Company. For the avoidance of doubt, Company shall be permitted to voluntarily
prepay the term loans under the Opco Secured Credit Agreement at any time with cash generated from
Company’s operations; provided that, Company shall not be permitted to make such
voluntarily prepayments prior to the repayment in full of all Obligations hereunder.

     6.17. Fiscal Year. No Credit Party shall, nor shall it permit any of its Subsidiaries to change its Fiscal
Year-end from December 31.

     6.18. [Reserved]
        .

     6.19. [Reserved]
        .

     6.20. Maximum Amount of Hedged Production. Company shall not at any time enter into Commodity Agreements if, after giving effect
thereto, the exposure under all such Commodity Agreements will exceed 75% of Actual Production or
for a term of longer than six years from the Effective Date; provided that Company may
enter into Commodity Agreements

88

 

(i) with respect to refined hydrocarbon products owned by Company
and held by Company, at the time of entering into such Commodity Agreements, in inventory, (ii) for
the purpose of basis hedging and (iii) to hedge the production of nitrogen fertilizer in Company’s
fertilizer business.

SECTION 7. GUARANTY

     7.1. Guaranty of the Obligations. Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby
irrevocably and unconditionally guaranty to Administrative Agent for the ratable benefit of the
Beneficiaries the due and punctual payment in full of all Obligations when the same shall become
due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or
otherwise (including amounts that would become due but for the operation of the automatic stay
under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed
Obligations”).

     7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty.
Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a
“Funding Guarantor”) under this Guaranty such that its Aggregate Payments exceeds its Fair Share as
of such date, such Funding Guarantor shall be entitled to a contribution from each of the
other Contributing Guarantors in an amount sufficient to cause each Contributing Guarantor’s
Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to a
Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the
Fair Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of
the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b)
the aggregate amount paid or distributed on or before such date by all Funding Guarantors under
this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means,
with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate
amount of the obligations of such Contributing Guarantor under this Guaranty that would not render
its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance
under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of
state law; provided, solely for purposes of calculating the “Fair Share Contribution
Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or
liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation,
reimbursement or indemnification or any rights to or obligations of contribution hereunder shall
not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments”
means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to
(1) the aggregate amount of all payments and distributions made on or before such date by such
Contributing Guarantor in respect of this Guaranty (including, without limitation, in respect of
this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date
by such Contributing Guarantor from the other Contributing Guarantors as contributions under this
Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on
which the related payment or distribution is made by the applicable Funding Guarantor. The
allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2
shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder.

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Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section
7.2.

     7.3. Payment by Guarantors. Subject to Section 7.2, Guarantors hereby jointly and severally agree, in furtherance of
the foregoing and not in limitation of any other right which any Beneficiary may have at law or in
equity against any Guarantor by virtue hereof, that upon the failure of Company to pay any of the
Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise (including amounts that would
become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code,
11 U.S.C. §362(a)), Guarantors will upon demand pay, or cause to be paid, in Cash, to
Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the
unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid
interest on such Guaranteed Obligations (including interest which, but for Company’s becoming the
subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations,
whether or not a claim is allowed against Company for such interest in the related bankruptcy case)
and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid.

     7.4. Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or
equitable discharge of a guarantor or surety other than payment in full of the Guaranteed
Obligations. In furtherance of the foregoing and without limiting the generality thereof, each
Guarantor agrees as follows:

          (a) this Guaranty is a guaranty of payment when due and not of collectability.
This Guaranty is a primary obligation of each Guarantor and not merely a contract of
surety;

          (b) Administrative Agent may enforce this Guaranty upon the occurrence of an Event
of Default notwithstanding the existence of any dispute between Company and any
Beneficiary with respect to the existence of such Event of Default;

          (c) the obligations of each Guarantor hereunder are independent of the obligations
of Company and the obligations of any other guarantor (including any other Guarantor) of
the obligations of Company, and a separate action or actions may be brought and prosecuted
against such Guarantor whether or not any action is brought against Company or any of such
other guarantors and whether or not Company is joined in any such action or actions;

          (d) payment by any Guarantor (or any Sponsor pursuant to the terms of the
applicable Sponsor Guaranty) of a portion, but not all, of the Guaranteed Obligations
shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion
of the Guaranteed Obligations which has not been paid. Without limiting the generality of
the foregoing, if Administrative Agent is awarded a judgment in any suit brought to
enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such
judgment shall not be deemed to release such Guarantor from its covenant to pay the
portion of the Guaranteed Obligations that is not the subject of such

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suit, and such
judgment shall not, except to the extent satisfied by such Guarantor, limit, affect,
modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed
Obligations;

          (e) any Beneficiary, upon such terms as it deems appropriate, without notice or
demand and without affecting the validity or enforceability hereof or giving rise to any
reduction, limitation, impairment, discharge or termination of any Guarantor’s liability
hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of
interest on, or otherwise change the time, place, manner or terms of payment of the
Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse
any offer of performance with respect to, or substitutions for, the Guaranteed Obligations
or any agreement relating thereto and/or subordinate the payment of the same to the
payment of any other obligations; (iii) request and accept other guaranties of the
Guaranteed Obligations and take and hold security for the payment hereof or the Guaranteed
Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind,
waive, alter, subordinate or modify, with or without consideration, any security for
payment of the Guaranteed Obligations, any other guaranties of the Guaranteed Obligations,
or any other obligation of any Person
(including any other Guarantor) with respect to the Guaranteed Obligations; (v)
enforce and apply any security now or hereafter held by or for the benefit of such
Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner
of sale thereof, or exercise any other right or remedy that such Beneficiary may have
against any such security, in each case as such Beneficiary in its discretion may
determine consistent herewith or the applicable Hedge Agreement and any applicable
security agreement, including foreclosure on any such security pursuant to one or more
judicial or nonjudicial sales, whether or not every aspect of any such sale is
commercially reasonable, and even though such action operates to impair or extinguish any
right of reimbursement or subrogation or other right or remedy of any Guarantor against
Company or any security for the Guaranteed Obligations; and (vi) exercise any other rights
available to it under the Credit Documents or the Hedge Agreements; and

          (f) this Guaranty and the obligations of Guarantors hereunder shall be valid and
enforceable and shall not be subject to any reduction, limitation, impairment, discharge
or termination for any reason (other than payment in full of the Guaranteed Obligations),
including the occurrence of any of the following, whether or not any Guarantor shall have
had notice or knowledge of any of them: (i) any failure or omission to assert or enforce
or agreement or election not to assert or enforce, or the stay or enjoining, by order of
court, by operation of law or otherwise, of the exercise or enforcement of, any claim or
demand or any right, power or remedy (whether arising under the Credit Documents or the
Hedge Agreements, at law, in equity or otherwise) with respect to the Guaranteed
Obligations or any agreement relating thereto, or with respect to any other guaranty of or
security for the payment of the Guaranteed Obligations; (ii) any rescission, waiver,
amendment or modification of, or any consent to departure from, any of the terms or
provisions (including provisions relating to events of default) hereof, any of the other
Credit Documents, any of the Hedge Agreements or any agreement or instrument executed
pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in
each case whether or not

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in accordance with the terms hereof or such Credit Document, such
Hedge Agreement or any agreement relating to such other guaranty or security; (iii) the
Guaranteed Obligations, or any agreement relating thereto, at any time being found to be
illegal, invalid or unenforceable in any respect; (iv) the application of payments
received from any source (other than payments received pursuant to the other Credit
Documents or any of the Hedge Agreements or from the proceeds of any security for the
Guaranteed Obligations, except to the extent such security also serves as collateral for
indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other
than the Guaranteed Obligations, even though any Beneficiary might have elected to apply
such payment to any part or all of the Guaranteed Obligations; (v) any Beneficiary’s
consent to the change, reorganization or termination of the corporate structure or
existence of Holdings or any of its Subsidiaries and to any corresponding restructuring of
the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a
security interest in any collateral which secures any of the Guaranteed Obligations; (vii)
any defenses, set-offs or counterclaims which Company may allege or assert against any
Beneficiary in respect of the Guaranteed Obligations, including failure of consideration,
breach of warranty, payment, statute of frauds, statute of limitations, accord and
satisfaction and usury; (viii) any other act or thing or omission, or delay to do any
other
act or thing, which may or might in any manner or to any extent vary the risk of any
Guarantor as an obligor in respect of the Guaranteed Obligations; and (ix) any law,
regulation, decree or order of any jurisdiction adversely effecting the Guaranteed
Obligations.

     7.5. Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require
any Beneficiary, as a condition of payment or performance by such Guarantor, to (i) proceed against
Company, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or any
other Person, (ii) proceed against or exhaust any security held from Company, any such other
guarantor or any other Person, (iii) proceed against or have resort to any balance of any Deposit
Account or credit on the books of any Beneficiary in favor of Company or any other Person, or (iv)
pursue any other remedy in the power of any Beneficiary whatsoever; (b) any defense arising by
reason of the incapacity, lack of authority or any disability or other defense of Company or any
other Guarantor including any defense based on or arising out of the lack of validity or the
unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or
by reason of the cessation of the liability of Company or any other Guarantor from any cause other
than payment in full of the Guaranteed Obligations; (c) any defense based upon any statute or rule
of law which provides that the obligation of a surety must be neither larger in amount nor in other
respects more burdensome than that of the principal; (d) any defense based upon any Beneficiary’s
errors or omissions in the administration of the Guaranteed Obligations, except behavior which
amounts to willful misconduct, gross negligence or bad faith; (e) (i) any principles or provisions
of law, statutory or otherwise, which are or might be in conflict with the terms hereof and any
legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any
statute of limitations affecting such Guarantor’s liability hereunder or the enforcement hereof,
(iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any
requirement that any Beneficiary protect, secure, perfect or insure any security interest or lien
or any property subject thereto; (f) notices, demands, presentments, protests, notices of protest,
notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of

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default hereunder, the Hedge Agreements or any agreement or instrument related thereto, notices of
any renewal, extension or modification of the Guaranteed Obligations or any agreement related
thereto, notices of any extension of credit to Company and notices of any of the matters referred
to in Section 7.4 and any right to consent to any thereof; and (g) any defenses or benefits that
may be derived from or afforded by law which limit the liability of or exonerate guarantors or
sureties, or which may conflict with the terms hereof.

     7.6. Guarantors’ Rights of Subrogation, Contribution, etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor
hereby waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may
hereafter have against Company or any other Guarantor or any of its assets in connection with this
Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether
such claim, right or remedy arises in equity, under contract, by statute, under common law or
otherwise and including without limitation (a) any right of subrogation, reimbursement or
indemnification that such Guarantor now has or may hereafter have against Company with respect to
the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or
remedy that any Beneficiary now has or may hereafter have
against Company, and (c) any benefit of, and any right to participate in, any collateral or
security now or hereafter held by any Beneficiary. In addition, until the Guaranteed Obligations
shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of
contribution such Guarantor may have against any other guarantor (including any other Guarantor) of
the Guaranteed Obligations, including, without limitation, any such right of contribution as
contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or
agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and
contribution as set forth herein is found by a court of competent jurisdiction to be void or
voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor
may have against Company or against any collateral or security, and any rights of contribution such
Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights
any Beneficiary may have against Company, to all right, title and interest any Beneficiary may have
in any such collateral or security, and to any right any Beneficiary may have against such other
guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation,
reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations
shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for
Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative
Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed
Obligations, whether matured or unmatured, in accordance with the terms hereof.

     7.7. Subordination of Other Obligations
.. Any Indebtedness of Company or any Guarantor now or hereafter held by any Guarantor (the
“Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and
any such indebtedness collected or received by the Obligee Guarantor after an Event of Default has
occurred and is continuing shall be held in trust for Administrative Agent on behalf of
Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of
Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting,
impairing or limiting in any manner the liability of the Obligee Guarantor under any other
provision hereof.

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     7.8. Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until all of the
Guaranteed Obligations shall have been paid in full. Each Guarantor hereby irrevocably waives any
right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations.

     7.9. Authority of Guarantors or Company. It is not necessary for any Beneficiary to inquire into the capacity or powers of any
Guarantor or Company or the officers, directors or Administrative Agent acting or purporting to act
on behalf of any of them.

     7.10. Financial Condition of Company. Any Loan may be made to Company or continued from time to time, and any Hedge Agreements
may be entered into from time to time, in each case without notice to or authorization from any
Guarantor regardless of the financial or other condition of Company at the time of any such grant
or continuation or at the time such Hedge Agreement is entered into,
as the case may be. No Beneficiary shall have any obligation to disclose or discuss with any
Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of Company.
Each Guarantor has adequate means to obtain information from Company on a continuing basis
concerning the financial condition of Company and its ability to perform its obligations under the
Credit Documents and the Hedge Agreements, and each Guarantor assumes the responsibility for being
and keeping informed of the financial condition of Company and of all circumstances bearing upon
the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and
relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating
to the business, operations or conditions of Company now known or hereafter known by any
Beneficiary.

     7.11. Bankruptcy, etc. (a) Without limiting any Guarantor’s ability to file a voluntary bankruptcy petition in
respect of itself, so long as any Guaranteed Obligations remain outstanding, no Guarantor shall,
without the prior written consent of Administrative Agent acting pursuant to the instructions of
Requisite Lenders, commence or join with any other Person in commencing any bankruptcy,
reorganization or insolvency case or proceeding of or against Company or any other Guarantor. The
obligations of Guarantors hereunder shall not be reduced, limited, impaired, discharged, deferred,
suspended or terminated by any case or proceeding, voluntary or involuntary, involving the
bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Company or any
other Guarantor or by any defense which Company or any other Guarantor may have by reason of the
order, decree or decision of any court or administrative body resulting from any such proceeding.

          (b) Each Guarantor acknowledges and agrees that any interest on any portion of the
Guaranteed Obligations which accrues after the commencement of any case or proceeding
referred to in clause (a) above (or, if interest on any portion of the Guaranteed
Obligations ceases to accrue by operation of law by reason of the commencement of such
case or proceeding, such interest as would have accrued on such portion of the Guaranteed
Obligations if such case or proceeding had not been commenced) shall be included in the
Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that
the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be
determined without regard to any rule of law or order which may relieve Company of any
portion of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy,
receiver, debtor in possession,

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assignee for the benefit of creditors or similar person to pay Administrative
Agent, or allow the claim of Administrative Agent in respect of, any such interest
accruing after the date on which such case or proceeding is commenced.

          (c) In the event that all or any portion of the Guaranteed Obligations are paid by
Company (or any Sponsor pursuant to the terms of the applicable Sponsor Guaranty), the
obligations of Guarantors hereunder shall continue and remain in full force and effect or
be reinstated, as the case may be, in the event that all or any part of such payment(s)
are rescinded or recovered directly or indirectly from any Beneficiary as a preference,
fraudulent transfer or otherwise, and any such payments which are so rescinded or
recovered shall constitute Guaranteed Obligations for all purposes hereunder.

     7.12. Discharge of Guaranty Upon Sale of Guarantor. If all of the Capital Stock of any Guarantor or any of its successors in interest hereunder
shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with
the terms and conditions hereof, the Guaranty of such Guarantor or such successor in interest, as
the case may be, hereunder shall automatically be discharged and released without any further
action by any Beneficiary or any other Person effective as of the time of such Asset Sale.

SECTION 8. EVENTS OF DEFAULT

     8.1. Events of Default. If any one or more of the following conditions or events shall occur:

          (a) Failure to Make Payments When Due. Failure by Company to pay (i) when
due any installment of principal of any Loan, whether at stated maturity, by acceleration,
by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any
interest on any Loan or any fee or any other amount due hereunder within five days after
the date due; or

          (b) Default in Other Agreements. (i) Failure of any Credit Party or any of
their respective Subsidiaries to pay when due any principal of or interest on or any other
amount payable in respect of one or more items of Indebtedness (other than Indebtedness
referred to in Section 8.1(a)) in an aggregate principal amount of $20,000,000 or more, in
each case beyond the grace period, if any, provided therefor; (ii) breach or default by
any Credit Party with respect to any other material term of (1) one or more items of
Indebtedness in the individual or aggregate principal amounts referred to in clause (i)
above or (2) any loan agreement, mortgage, indenture or other agreement relating to such
item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor,
if the effect of such breach or default is to cause, or to permit the holder or holders of
that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that
Indebtedness to become or be declared due and payable (or redeemable) prior to its stated
maturity or the stated maturity of any underlying obligation, as the case may be; (iii)
breach or default by Company under the Swap Agreement, if the effect of such breach or
default is to permit the holder or holders of

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that Indebtedness to terminate the Swap Agreement and all or substantially all of the
outstanding transactions thereunder; or (iv) breach or default by Company under the Parent
Credit Agreement, if the effect of such breach or default is to permit the holder or
holders of that Indebtedness to cause such Indebtedness to become due, or to require
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
or

          (c) Breach of Certain Covenants. Failure of any Credit Party to perform or
comply with any term or condition contained in Section 2.6, Section 5.2, Section 5.13 or
Section 6; or

          (d) Breach of Representations, etc. Any representation, warranty,
certification or other statement made or deemed made by any Credit Party in any Credit
Document or in any statement or certificate at any time given by any Credit Party or any
of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or
therewith shall be false in any material respect as of the date made or deemed made; or

          (e) Other Defaults Under Credit Documents. Any Credit Party shall default
in the performance of or compliance with any term contained herein or any of the other
Credit Documents, other than any such term referred to in any other Section of this
Section 8.1, and such default shall not have been remedied or waived within thirty days
after the earlier of (i) an officer of such Credit Party becoming aware of such default or
(ii) receipt by Company of notice from Administrative Agent or any Lender of such default;
or

          (f) Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of
competent jurisdiction shall enter a decree or order for relief in respect of Holdings or
any of its Significant Subsidiaries in an involuntary case under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in
effect, which decree or order is not stayed; or any other similar relief shall be granted
under any applicable federal or state law; or (ii) an involuntary case shall be commenced
against Holdings or any of its Significant Subsidiaries under the Bankruptcy Code or under
any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or
a decree or order of a court having jurisdiction in the premises for the appointment of a
receiver, liquidator, sequestrator, trustee, custodian or other officer having similar
powers over Holdings or any of its Significant Subsidiaries, or over all or a substantial
part of its property, shall have been entered; or there shall have occurred the
involuntary appointment of an interim receiver, trustee or other custodian of Holdings or
any of its Significant Subsidiaries for all or a substantial part of its property; or a
warrant of attachment, execution or similar process shall have been issued against any
substantial part of the property of Holdings or any of its Significant Subsidiaries, and
any such event described in this clause (ii) shall continue for sixty days without having
been dismissed, bonded or discharged; or

          (g) Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Holdings or
any of its Significant Subsidiaries shall have an order for relief entered with respect to
it or shall commence a voluntary case under the Bankruptcy Code or under any other

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applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall
consent to the entry of an order for relief in an involuntary case, or to the conversion
of an involuntary case to a voluntary case, under any such law, or shall consent to the
appointment of or taking possession by a receiver, trustee or other custodian for all or a
substantial part of its property; or Holdings or any of its Significant Subsidiaries shall
make any assignment for the benefit of creditors; or (ii) Holdings or any of its
Significant Subsidiaries shall be unable, or shall fail generally, or shall admit in
writing its inability, to pay its debts as such debts become due; or the board of
directors (or similar governing body) of Holdings or any of its Significant Subsidiaries
(or any committee thereof) shall adopt any resolution or otherwise authorize any action to
approve any of the actions referred to herein or in Section 8.1(f); or

          (h) Judgments and Attachments. Any money judgment, writ or warrant of
attachment or similar process involving at any time an amount in excess of $20,000,000 in
the aggregate (to the extent not adequately covered by insurance as to which a solvent and
unaffiliated insurance company has acknowledged coverage) shall be entered or filed
against Holdings or any of its Subsidiaries or any of their respective assets and shall
remain undischarged, unvacated, unbonded or unstayed for a period of sixty days (or in any
event later than five days prior to the date of any proposed sale thereunder); or

          (i) Dissolution. Any order, judgment or decree shall be entered against
any Holdings or any Significant Subsidiary decreeing the dissolution or split up of such
Credit Party and such order shall remain undischarged or unstayed for a period in excess
of sixty days; or

          (j) Employee Benefit Plans. (i) There shall occur one or more ERISA Events
which individually or in the aggregate results in or might reasonably be expected to
result in liability of Holdings, any of its Subsidiaries or any of their respective ERISA
Affiliates in excess of $20,000,000 during the term hereof; or (ii) there exists any fact
or circumstance that reasonably could be expected to result in the imposition of a Lien or
security interest under Section 412(n) of the Internal Revenue Code or under ERISA on
property or assets with a fair market value in excess of $20,000,000;

          (k) Change of Control. A Change of Control shall occur; or

          (l) Guaranties and other Credit Documents. At any time after the execution
and delivery thereof, (i) the Guaranty for any reason, other than the satisfaction in full
of all Obligations, shall cease to be in full force and effect (other than in accordance
with its terms) or shall be declared to be null and void or any Guarantor shall repudiate
in writing its obligations thereunder, (ii) either Sponsor Guaranty for any reason, other
than the satisfaction in full of all Obligations, shall cease to be in full force and
effect (other than in accordance with its terms) or shall be declared to be null and void
or any Sponsor party to a Sponsor Guaranty shall repudiate in writing its obligations
thereunder, (iii) this Agreement ceases to be in full force and effect (other than by the
satisfaction in full of the Obligations in accordance with the

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terms hereof) or shall be declared null and void, or (iv) any Credit Party or either
Sponsor party to a Sponsor Guaranty (with respect to such Sponsor’s Sponsor Guaranty)
shall contest the validity or enforceability of any Credit Document in writing or deny in
writing that it has any further liability, including with respect to future advances by
Lenders, under any Credit Document to which it is a party; or

          (m) any Sponsor shall default in the performance of their obligations under Section
5.6 of the applicable Guaranty.

THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f), 8.1(g) or
8.1(l)(ii)with respect to the Company, automatically, and (2) upon the occurrence of any other
Event of Default, at the request of (or with the consent of) Requisite Lenders, upon notice to
Company by Administrative Agent, (A) each of the following shall immediately become due and
payable, in each case without presentment, demand, protest or other requirements of any kind, all
of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and
accrued interest on the Loans, and (II) all other Obligations; and (B) Administrative Agent shall
exercise all or any of its rights, remedies, powers or discretions under any of the Credit
Documents.

SECTION 9. AGENTS

     Appointment of Agents. GSCP is hereby appointed Administrative Agent hereunder and under the
other Credit Documents and each Lender hereby authorizes Administrative Agent to act as its agent
in accordance with the terms hereof and the other Credit Documents. Administrative Agent hereby
agrees to act upon the express conditions contained herein and the other Credit Documents, as
applicable. The provisions of this Section 9 are solely for the benefit of Administrative Agent
and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the
provisions thereof. In performing its functions and duties hereunder, Administrative Agent shall
act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any
obligation towards or relationship of agency or trust with or for Holdings or any of its
Subsidiaries.

     9.1. Powers and Duties. Each Lender irrevocably authorizes Administrative Agent to take such action on such
Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other
Credit Documents as are specifically delegated or granted to Administrative Agent by the terms
hereof and thereof, together with such powers, rights and remedies as are reasonably incidental
thereto. Administrative Agent shall have only those duties and responsibilities that are expressly
specified herein and the other Credit Documents. Administrative Agent may exercise such powers,
rights and remedies and perform such duties by or through its agents or employees. No Agent shall
have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of
any Lender; and nothing herein or any of the other Credit Documents, expressed or implied, is
intended to or shall be so construed as to impose upon Administrative Agent any obligations in
respect hereof or any of the other Credit Documents except as expressly set forth
herein or therein. Administrative Agent hereby agrees that it shall (i) furnish to each
Arranger, upon such Arranger’s request, a copy of the Register, (ii)

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cooperate with each Arranger
in granting access to any Lenders who such Arranger identifies to the Platform and (iii) maintain
each Arranger’s access to the Information Site.

     9.2. General Immunity.

          (a) No Responsibility for Certain Matters. No Agent shall be responsible
to any Lender for the execution, effectiveness, genuineness, validity, enforceability,
collectability or sufficiency hereof or any other Credit Document or for any
representations, warranties, recitals or statements made herein or therein or made in any
written or oral statements or in any financial or other statements, instruments, reports
or certificates or any other documents furnished or made by Administrative Agent to
Lenders or by or on behalf of any Credit Party, and Lender or any person providing the
Settlement Service to Administrative Agent or any Lender in connection with the Credit
Documents and the transactions contemplated thereby or for the financial condition or
business affairs of any Credit Party or any other Person liable for the payment of any
Obligations, nor shall Administrative Agent be required to ascertain or inquire as to the
performance or observance of any of the terms, conditions, provisions, covenants or
agreements contained in any of the Credit Documents or as to the use of the proceeds of
the Loans or any knowledge as to the existence or possible existence of any Event of
Default or Default or to make any disclosures with respect to the foregoing. Anything
contained herein to the contrary notwithstanding, Administrative Agent shall not have any
liability arising from confirmations of the amount of outstanding Loans, the performance
or observance of any of the covenants, agreements or other terms or conditions set forth
herein or therein or the occurrence of any Default or any Event of Default.

          (b) Exculpatory Provisions. No Agent nor any of its officers, partners,
directors, employees or agents shall be liable to Lenders for any action taken or omitted
by Administrative Agent under or in connection with any of the Credit Documents except to
the extent such action or omission resulted from such Agent’s gross negligence or willful
misconduct. Administrative Agent shall be entitled to refrain from any act or the taking
of any action (including the failure to take an action) in connection herewith or any of
the other Credit Documents or from the exercise of any power, discretion or authority
vested in it hereunder or thereunder unless and until Administrative Agent shall have
received instructions in respect thereof from Requisite Lenders (or such other Lenders as
may be required to give such instructions under Section 10.5) and, upon receipt of such
instructions from Requisite Lenders (or such other Lenders, as the case may be),
Administrative Agent shall be entitled to act or (where so instructed) refrain from
acting, or to exercise such power, discretion or authority, in accordance with such
instructions. Without prejudice to the generality of the foregoing, (i) Administrative
Agent shall be entitled to rely, and shall be fully protected in relying, upon any
communication, instrument or document believed by it to be genuine and correct and to have
been signed or sent by the proper Person or Persons, including any Settlement Confirmation
or other communication issued by any
Settlement Service, and shall be entitled to rely and shall be protected in relying
on opinions and judgments of attorneys (who may be attorneys for Holdings and its
Subsidiaries), accountants, experts and other professional advisors selected by it; and

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(ii) no Lender shall have any right of action whatsoever against Administrative Agent as a
result of Administrative Agent acting or (where so instructed) refraining from acting
hereunder or any of the other Credit Documents in accordance with the instructions of
Requisite Lenders (or such other Lenders as may be required to give such instructions
under Section 10.5).

          (c) Delegation of Duties. Administrative Agent may perform any and all of
its duties and exercise its rights and powers under this Agreement or under any other
Credit Document by or through any one or more sub-agents appointed by Administrative
Agent. Administrative Agent and any such sub-agent may perform any and all of its duties
and exercise its rights and powers by or through their respective Affiliates. The
exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6
shall apply to any of the Affiliates of Administrative Agent and shall apply to their
respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent. All of the rights, benefits,
and privileges (including the exculpatory and indemnification provisions) of this Section
9.3 and of Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such
sub-agent, and shall apply to their respective activities as sub-agent as if such
sub-agent and Affiliates were named herein. Notwithstanding anything herein to the
contrary, with respect to each sub-agent appointed by the Administrative Agent (i) such
sub-agent shall be a third party beneficiary under this Agreement with respect to all such
rights, benefits and privileges (including exculpatory rights and rights to
indemnification) and shall have all of the rights and benefits of a third party
beneficiary, including an independent right of action to enforce such rights, benefits and
privileges (including exculpatory rights and rights to indemnification) directly, without
the consent or joinder of any other Person, against any or all of the Credit Parties and
the Lenders, (ii) such rights, benefits and privileges (including exculpatory rights and
rights to indemnification) shall not be modified or amended without the consent of such
sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent
and not to any Credit Party, Lender or any other Person and no Credit Party, Lender or any
other Person shall have any rights, directly or indirectly, as a third party beneficiary
or otherwise, against such sub-agent.

     9.3. Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of,
or impose any duties or obligations upon, Administrative Agent in its individual capacity as a
Lender hereunder. With respect to its participation in the Loans, Administrative Agent shall have
the same rights and powers hereunder as any other Lender and may exercise the same as if it were
not performing the duties and functions delegated to it hereunder, and the term “Lender” shall,
unless the context clearly otherwise indicates, include Administrative Agent in its individual
capacity. Administrative Agent and its Affiliates may accept deposits from, lend money to, own
securities of, and generally engage in any kind of banking, trust, financial advisory or other
business with Holdings or any of its Affiliates as if it were not performing the
duties specified herein, and may accept fees and other consideration from Company for services
in connection herewith and otherwise without having to account for the same to Lenders.

     9.4. Lenders’ Representations, Warranties and Acknowledgment.

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          (a) Each Lender represents and warrants that it has made its own independent
investigation of the financial condition and affairs of Holdings and its Subsidiaries in
connection with Loans hereunder and that it has made and shall continue to make its own
appraisal of the creditworthiness of Holdings and its Subsidiaries. No Agent shall have
any duty or responsibility, either initially or on a continuing basis, to make any such
investigation or any such appraisal on behalf of Lenders or to provide any Lender with any
credit or other information with respect thereto, whether coming into its possession
before the making of the Loans or at any time or times thereafter, and no Agent shall have
any responsibility with respect to the accuracy of or the completeness of any information
provided to Lenders.

          (b) Each Lender, by delivering its signature page to this Agreement and funding its
Term Loan on the Closing Date, shall be deemed to have acknowledged receipt of, and
consented to and approved, each Credit Document and each other document required to be
approved by Administrative Agent, Requisite Lenders or Lenders, as applicable on the
Closing Date.

     9.5. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify
Administrative Agent (including any prior Administrative Agent), to the extent that Administrative
Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including
counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be
imposed on, incurred by or asserted against Administrative Agent in exercising its powers, rights
and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in
its capacity as Administrative Agent in any way relating to or arising out of this Agreement or the
other Credit Documents; provided, no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements except to the extent that such liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements resulted from such Agent’s gross
negligence or willful misconduct. If any indemnity furnished to Administrative Agent for any
purpose shall, in the opinion of Administrative Agent, be insufficient or become impaired,
Administrative Agent may call for additional indemnity and cease, or not commence, to do the acts
indemnified against until such additional indemnity is furnished; provided, in no event
shall this sentence require any Lender to indemnify Administrative Agent against any liability,
obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess
of such Lender’s Pro Rata Share thereof; and provided further, this sentence shall
not be deemed to require any Lender to indemnify Administrative Agent against any liability,
obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described
in the proviso in the immediately preceding sentence.

     9.6. Successor Administrative Agent Administrative Agent may resign at any time by giving five days’ prior written notice thereof
to Lenders and Company, and Administrative Agent may be removed at any time with or without cause
by an instrument or concurrent instruments in writing delivered to Company and Administrative Agent
and signed by Requisite Lenders. Upon any such notice of resignation or any such removal,
Requisite Lenders shall have the right, upon one Business Day’s notice to Company, to appoint a
successor Administrative

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Agent with the consent of Company, not to be unreasonably withheld. Upon
the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative
Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all
the rights, powers, privileges and duties of the retiring or removed Administrative Agent and the
retiring or removed Administrative Agent shall promptly (i) transfer to such successor
Administrative Agent all sums, together with all records and other documents necessary or
appropriate in connection with the performance of the duties of the successor Administrative Agent
under the Credit Documents, whereupon such retiring or removed Administrative Agent shall be
discharged from its duties and obligations hereunder. If the Requisite Lenders have not appointed
a successor Administrative Agent, Administrative Agent shall have the right to appoint a financial
institution to act as Administrative Agent hereunder and in any case, Administrative Agent’s
resignation shall become effective on the third day after such notice of resignation. If neither
the Requisite Lenders nor Administrative Agent have appointed a successor Administrative Agent, the
Requisite Lenders shall be deemed to succeeded to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent. After any retiring or removed
Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions of
this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it
while it was Administrative Agent hereunder.

     9.7. Guaranty.

          (a) Agent under Guaranty. Each Lender hereby further authorizes
Administrative Agent on behalf of and for the benefit of Lenders, to be the agent for and
representative of Lenders with respect to the Guaranty and the Sponsor Guaranties.
Subject to Section 10.5, without further written consent or authorization from Lenders,
Administrative Agent may execute any documents or instruments necessary to (i) release any
Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite
Lenders (or such other Lenders as may be required to give such consent under Section 10.5)
have otherwise consented, or (ii) release any Sponsor from the applicable Sponsor Guaranty
in accordance with the terms thereof or with respect to which Requisite Lenders (or such
other Lenders as may be required to give such consent under Section 10.5) have otherwise
consented.

          (b) Right to Enforce Guaranty. Anything contained in any of the Credit
Documents to the contrary notwithstanding, Company, Administrative Agent, and each Lender
hereby agree that (i) no Lender shall have any right individually to enforce the Guaranty
or any Sponsor Guaranty, it being understood and agreed that all powers, rights and
remedies hereunder may be exercised solely by Administrative Agent, on
behalf of Lenders in accordance with the terms hereof and all powers, rights and
remedies hereunder.

SECTION 10. MISCELLANEOUS

     10.1. Notices.

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          (a) Notices Generally. Unless otherwise specifically provided herein, any
notice or other communication herein required or permitted to be given to a Credit Party,
Arranger, or Administrative Agent shall be sent to such Person’s address as set forth on
Appendix B or in the other relevant Credit Document, and in the case of any Lender, the
address as indicated on Appendix B or otherwise indicated to Administrative Agent in
writing. Each notice hereunder shall be in writing and may be personally served, telexed
or sent by telefacsimile or United States mail or courier service and shall be deemed to
have been given when delivered in person or by courier service and signed for against
receipt thereof, upon receipt of telefacsimile or telex, or three Business Days after
depositing it in the United States mail with postage prepaid and properly addressed;
provided, no notice to Administrative Agent shall be effective until received by
Administrative Agent; provided further, any such notice or other
communication shall at the request of the Administrative Agent be provided to any
sub-agent appointed pursuant to Section 9.3(c) hereto as designated by the Administrative
Agent from time to time.

     (b) Electronic Communications.

          (i) Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites,
including the Platform) pursuant to procedures approved by Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 if such Lender has notified Administrative Agent that it is incapable of receiving
notices under such Section by electronic communication. Administrative Agent or Company
may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it, provided that
approval of such procedures may be limited to particular notices or communications. Unless
Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from
the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or
other communication is not sent during the normal business hours of the recipient, such
notice or communication shall be deemed to have been sent at the opening of business on the
next Business Day for the recipient, and (ii) notices or communications posted to an
Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its e-mail address as described in the foregoing clause (i) of
notification that such notice or communication is available and identifying the website
address therefor.

          (ii) Each of the Credit Parties understands that the distribution of material through
an electronic medium is not necessarily secure and that there are confidentiality and other
risks associated with such distribution and agrees and assumes the risks associated with
such electronic distribution, except to the extent caused by the willful misconduct or gross
negligence of Administrative Agent.

          (iii) The Platform and any Approved Electronic Communications are provided “as is”
and “as available”. None of the Agents or any of their respective

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officers, directors,
employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the
accuracy, adequacy, or completeness of the Approved Electronic Communications or the
Platform and each expressly disclaims liability for errors or omissions in the Platform and
the Approved Electronic Communications. No warranty of any kind, express, implied or
statutory, including any warranty of merchantability, fitness for a particular purpose,
non-infringement of third party rights or freedom from viruses or other code defects is made
by the Agent Affiliates in connection with the Platform or the Approved Electronic
Communications.

          (iv) Each of the Credit Parties, the Lenders and the Agents agree that Administrative
Agent may, but shall not be obligated to, store any Approved Electronic Communications on
the Platform in accordance with Administrative Agent’s customary document retention
procedures and policies.

     10.2. Expenses. Upon funding of the Term Loans, Company agrees to pay promptly (a) all the actual and
reasonable out-of-pocket costs and expenses of preparation of the Credit Documents and any
consents, amendments, waivers or other modifications thereto; (b) all the reasonable out-of-pocket
costs of furnishing all opinions by counsel for Company and the other Credit Parties; (c) the
reasonable out-of-pocket fees, expenses and disbursements of one special counsel to Agents, one
local counsel in each relevant jurisdiction and one counsel to the Administrative Agent in
connection with the negotiation, preparation, execution and administration of the Credit Documents
and any consents, amendments, waivers or other modifications thereto and any other documents or
matters requested by Company; (d) all the actual costs and reasonable fees, expenses and
disbursements of any auditors, accountants, consultants or appraisers; (e) all other actual and
reasonable out-of-pocket costs and expenses incurred by Administrative Agent in connection with the
syndication of the Loans and Commitments and the negotiation, preparation and execution of the
Credit Documents and any consents, amendments, waivers or other modifications thereto and the
transactions contemplated thereby; and (f) after the occurrence of a Default or an Event of
Default, all costs and expenses, including reasonable attorneys’ fees and costs of settlement,
incurred by Administrative Agent and Lenders in enforcing any Obligations of or in collecting any
payments due from any Credit Party hereunder or under the other Credit Documents or from any
Sponsor under any Sponsor Guaranty by reason of such Default or Event of Default (including in
connection with the enforcement of the Guaranty or any Sponsor Guaranty) or in connection with any
refinancing or restructuring of the credit arrangements provided hereunder in the nature of a
“work-out” or pursuant to any insolvency or bankruptcy cases or proceedings.

     10.3. Indemnity.

          (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not
the transactions contemplated hereby shall be consummated, each Credit Party agrees to
defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless,
Arranger, Administrative Agent, Lender and the officers, partners, directors, trustees,
employees, agents, sub-agents and Affiliates of Administrative Agent and each Lender
(each, an “Indemnitee”), from and against any and all Indemnified Liabilities;
provided, no Credit Party shall have any obligation to any Indemnitee hereunder
with respect to any Indemnified Liabilities to the extent such

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Indemnified Liabilities
have been found by a final, non-appealable judgment of a court of competent jurisdiction
to have resulted from the gross negligence or willful misconduct of that Indemnitee. To
the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in
this Section 10.3 may be unenforceable in whole or in part because they are violative of
any law or public policy, the applicable Credit Party shall contribute the maximum portion
that it is permitted to pay and satisfy under applicable law to the payment and
satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them.

          (b) To the extent permitted by applicable law, no Credit Party shall assert, and
each Credit Party hereby waives, any claim against Arranger, Lenders, Agents and their
respective Affiliates, directors, employees, attorneys, agents or sub-agents, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) (whether or not the claim therefor is based on contract, tort
or duty imposed by any applicable legal requirement) arising out of, in connection with,
arising out of, as a result of, or in any way related to, this Agreement or any Credit
Document or any agreement or instrument contemplated hereby or thereby or referred to
herein or therein, the transactions contemplated hereby or thereby, any Loan or the use of
the proceeds thereof or any act or omission or event occurring in connection therewith,
and Holdings and Company hereby waives, releases and agrees not to sue upon any such claim
or any such damages, whether or not accrued and whether or not known or suspected to exist
in its favor.

     10.4. Set-Off. In addition to any rights now or hereafter granted under applicable law and not by way of
limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby
authorized by each Credit Party at any time or from time to time, without notice to any Credit
Party or to any other Person (other than Administrative Agent), any such notice being hereby
expressly waived, to set off and to appropriate and to apply any and all deposits (general or
special, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured,
but not including trust accounts) and any other Indebtedness at any time held or owing by such
Lender to or for the credit or the account of any Credit Party against and on account of the
obligations and liabilities of any Credit Party to such Lender hereunder, and under the other
Credit Documents, including all claims of any nature or description arising out of or connected
hereto, or with any other Credit Document, irrespective of whether or not (a) such Lender shall
have made any demand hereunder or (b) the principal of or the interest on the Loans
or any other amounts due hereunder shall have become due and payable pursuant to Section 2 and
although such obligations and liabilities, or any of them, may be contingent or unmatured.

     10.5. Amendments and Waivers.

          (a) Requisite Lenders’ Consent. Subject to Section 10.5(b) and 10.5(c), no
amendment, modification, termination or waiver of any provision of the Credit Documents,
or consent to any departure by any Credit Party therefrom, shall in any event be effective
without the written concurrence of the Requisite Lenders.

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          (b) Affected Lenders’ Consent. Without the written consent of each Lender
that would be affected thereby, no amendment, modification, termination, or consent shall
be effective if the effect thereof would:

          (i) extend the scheduled final maturity of any Loan or Note;

          (ii) [Reserved];

          (iii) [Reserved];

          (iv) [Reserved];

          (v) reduce the rate of interest on any Loan (other than any waiver of any increase in
the interest rate applicable to any Loan pursuant to Section 2.10) or any fee payable
hereunder;

          (vi) extend the time for payment of any such interest or fees;

          (vii) reduce the principal amount of any Loan;

          (viii) terminate or release any Sponsor Guaranty;

          (ix) amend, modify, terminate or waive any provision of this Section 10.5(b) or
Section 10.5(c);

          (x) amend the definition of “Requisite Lenders” or “Pro Rata Share”;
provided, with the consent of Requisite Lenders, additional extensions of credit
pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata
Share” on substantially the same basis as the Term Loan Commitments and the Term Loans are
included on the Closing Date; or

          (xi) release all or substantially all of the Guarantors from the Guaranty except as
expressly provided in the Credit Documents.

          (c) Other Consents. No amendment, modification, termination or waiver of
any provision of the Credit Documents, or consent to any departure by any Credit Party
therefrom, shall:

          (i) increase any Term Loan Commitment of any Lender over the amount thereof then in
effect without the consent of such Lender; provided, no amendment, modification or
waiver of any condition precedent, covenant, Default or Event of Default shall constitute an
increase in any Term Loan Commitment of any Lender;

          (ii) [Reserved];

          (iii) [Reserved];

          (iv) [Reserved];

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          (v) [Reserved];

          (vi) [Reserved]; or

          (vii) amend, modify, terminate or waive any provision of Section 9 as the same
applies to Administrative Agent, or any other provision hereof as the same applies to the
rights or obligations of Administrative Agent, in each case without the consent of
Administrative Agent.

          (d) Execution of Amendments, etc. Administrative Agent may, but shall have
no obligation to, with the concurrence of any Lender, execute amendments, modifications,
waivers or consents on behalf of such Lender. Any waiver or consent shall be effective
only in the specific instance and for the specific purpose for which it was given. No
notice to or demand on any Credit Party in any case shall entitle any Credit Party to any
other or further notice or demand in similar or other circumstances. Any amendment,
modification, termination, waiver or consent effected in accordance with this Section 10.5
shall be binding upon each Lender at the time outstanding, each future Lender and, if
signed by a Credit Party, on such Credit Party.

     10.6. Successors and Assigns; Participations.

          (a) Generally. This Agreement shall be binding upon the parties hereto and
their respective successors and assigns and shall inure to the benefit of the parties
hereto and the successors and assigns of Lenders. No Credit Party’s rights or obligations
hereunder nor any interest therein may be assigned or delegated by any Credit Party
without the prior written consent of all Lenders. Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto,
their respective successors and assigns permitted hereby and, to the extent expressly
contemplated hereby, Affiliates of Administrative Agent and Lenders) any legal or
equitable right, remedy or claim under or by reason of this Agreement.

          (b) Register. Company, Administrative Agent and Lenders shall deem and
treat the Persons listed as Lenders in the Register as the holders and owners of the
corresponding Term Loan Commitments and Loans listed therein for all purposes hereof, and
no assignment or transfer of any such Term Loan Commitment or Loan
shall be effective, in each case, unless and until recorded in the Register following
receipt of (x) a written or electronic confirmation of an assignment issued by a
Settlement Service pursuant to Section 10.6(d) (a “Settlement Confirmation”) or (y) an
Assignment Agreement effecting the assignment or transfer thereof, in each case, as
provided in Section 10.6(d). Each assignment shall be recorded in the Register promptly
and a copy of such Assignment Agreement or Settlement Confirmation shall be maintained, as
applicable. The date of such recordation of a transfer shall be referred to herein as the
“Assignment Effective Date.” Any request, authority or consent of any Person who, at the
time of making such request or giving such authority or consent, is listed in the Register
as a Lender shall be conclusive and binding on any subsequent holder, assignee or
transferee of the corresponding Commitments or Loans.

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          (c) Right to Assign. Each Lender shall have the right at any time to sell,
assign or transfer all or a portion of its rights and obligations under this Agreement,
including, without limitation, all or a portion of its Term Loan Commitment or Loans owing
to it or other Obligations (provided, however, that each such assignment
shall be of a uniform, and not varying, percentage of all rights and obligations under and
in respect of any Loan and any related Term Loan Commitments):

          (i) to any Person meeting the criteria of clause (i) of the definition of the term of
“Eligible Assignee” upon the giving of notice to Company and Administrative Agent; and

          (ii) to any Person meeting the criteria of clause (ii) of the definition of the term
of “Eligible Assignee” and consented to by Administrative Agent (such consent not to be
unreasonably withheld or delayed), with prior written notice to the Company, except in the
case of assignments by or to the Arranger; provided, further each such assignment
pursuant to this Section 10.6(c)(ii) shall be in an aggregate amount of not less than
$1,000,000 (or such lesser amount as may be agreed to by Administrative Agent or as shall
constitute the aggregate amount of the Term Loan Commitments and Term Loans of the assigning
Lender) with respect to the assignment of Term Loans.

          (d) Mechanics. Assignments and assumptions of Term Loans and Term Loan
Commitments by Lenders shall be effected by manual execution and delivery to
Administrative Agent of an Assignment Agreement. Assignments made pursuant to the
foregoing provision shall be effective as of the Assignment Effective Date. In connection
with all assignments there shall be delivered to Administrative Agent such forms,
certificates or other evidence, if any, with respect to United States federal income tax
withholding matters as the assignee under such Assignment Agreement may be required to
deliver pursuant to Section 2.20(c), together with payment to the Administrative Agent of
a resignation and processing fee of $3,500 (except that no such registration and
processing fee shall be payable (y) in connection with an assignment by or to GSCP or any
Affiliate thereof or (z) in the case of an Assignee which is already a Lender or is an
affiliate or Related Fund of a Lender or a Person under common management with a Lender).

          (e) Representations and Warranties of Assignee. Each Lender, upon
execution and delivery hereof or upon succeeding to an interest in the Term Loan
Commitments and Term Loans, as the case may be, represents and warrants as of the Closing
Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee; (ii) it
has experience and expertise in the making of or investing in commitments or loans such as
the Term Loan Commitments or Term Loans, as the case may be; and (iii) it will make or
invest in, as the case may be, its Term Loan Commitments or Term Loans for its own account
in the ordinary course of its business and without a view to distribution of such Term
Loan Commitments or Term Loans within the meaning of the Securities Act or the Exchange
Act or other federal securities laws (it being understood that, subject to the provisions
of this Section 10.6, the disposition of such Term Loan

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Commitments or Term Loans or any
interests therein shall at all times remain within its exclusive control).

          (f) Effect of Assignment. Subject to the terms and conditions of this
Section 10.6, as of the “Assignment Effective Date” (i) the assignee thereunder shall have
the rights and obligations of a “Lender” hereunder to the extent of its interest in the
Loans and Term Loan Commitments as reflected in the Register and shall thereafter be a
party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder
shall, to the extent that rights and obligations hereunder have been assigned to the
assignee, relinquish its rights (other than any rights which survive the termination
hereof under Section 10.8) and be released from its obligations hereunder (and, in the
case of an assignment covering all or the remaining portion of an assigning Lender’s
rights and obligations hereunder, such Lender shall cease to be a party hereto on the
Assignment Effective Date; provided, anything contained in any of the Credit
Documents to the contrary notwithstanding, such assigning Lender shall continue to be
entitled to the benefit of all indemnities hereunder as specified herein with respect to
matters arising out of the prior involvement of such assigning Lender as a Lender
hereunder); (iii) the Term Loan Commitments shall be modified to reflect the Term Loan
Commitment of such assignee and any Term Loan Commitment of such assigning Lender, if any;
and (iv) if any such assignment occurs after the issuance of any Note hereunder, the
assigning Lender shall, upon the effectiveness of such assignment or as promptly
thereafter as practicable, surrender its applicable Notes to Administrative Agent for
cancellation, and thereupon Company shall issue and deliver new Notes, if so requested by
the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender,
with appropriate insertions, to reflect the outstanding Loans of the assignee and/or the
assigning Lender.

          (g) Participations. Each Lender shall have the right at any time to sell
one or more participations to any Person (other than Holdings, any of its Subsidiaries or
any of its Affiliates) in all or any part of its Term Loan Commitments, Loans or in any
other Obligation. The holder of any such participation, other than an Affiliate of the
Lender granting such participation, shall not be entitled to require such Lender to take
or omit to take any action hereunder except with respect to any amendment, modification or
waiver that would (i) extend the final scheduled maturity of any Loan or Note in which
such participant is participating, or reduce the rate or extend the time of payment of
interest or fees thereon (except in connection with a waiver of
applicability of any post-default increase in interest rates) or reduce the principal
amount thereof, or increase the amount of the participant’s participation over the amount
thereof then in effect (it being understood that a waiver of any Default or Event of
Default shall not constitute a change in the terms of such participation, and that an
increase in any Term Loan Commitment or Loan shall be permitted without the consent of any
participant if the participant’s participation is not increased as a result thereof) or
(ii) consent to the assignment or transfer by any Credit Party of any of its rights and
obligations under this Agreement. Company agrees that each participant shall be entitled
to the benefits of Sections 2.18(c), 2.19 and 2.20 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to paragraph (c) of this
Section; provided, (i) a participant shall not be entitled to receive any greater
payment

109

 

under Sections 2.18(c), 2.19 or 2.20 than the applicable Lender would have been
entitled to receive with respect to the participation sold to such participant, unless the
sale of the participation to such participant is made with Company’s prior written consent
and (ii) subject to clause (i) above, a participant that would be a Non-US Lender (or that
would otherwise be required to deliver a form referred to in Section 2.20(c) to avoid
deduction or withholding of United States federal income tax with respect to payments made
by a Credit Party under any of the Credit Documents) if it were a Lender shall not be
entitled to the benefits of Section 2.20 unless Company is notified of the participation
sold to such participant and such participant agrees, for the benefit of Company, to be
subject to Section 2.20 as though it were a Lender; provided further that,
except as specifically set forth in clauses (i) and (ii) of this sentence, nothing herein
shall require any notice to the Company or any other Person in connection with the sale of
any participation. To the extent permitted by law, each participant also shall be
entitled to the benefits of Section 10.4 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.17 as though it were a Lender.

          (h) Certain Other Assignments and Participations. In addition to any other
assignment or participation permitted pursuant to this Section 10.6, any Lender may assign
and/or pledge all or any portion of its Loans, the other Obligations owed by or to such
Lender, and its Notes, if any, to secure obligations of such Lender including, without
limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of
the Board of Governors of the Federal Reserve System and any operating circular issued by
such Federal Reserve Bank; provided, that no Lender, as between Company and such
Lender, shall be relieved of any of its obligations hereunder as a result of any such
assignment and pledge, and provided further, that in no event shall the
applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be
entitled to require the assigning Lender to take or omit to take any action hereunder.

     10.7. Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or
condition is not permitted by any of such covenants, the fact that it would be permitted by an
exception to, or would otherwise be within the limitations of, another covenant shall not avoid the
occurrence of a Default or an Event of Default if such action is taken or condition exists.

     10.8. Survival of Representations, Warranties and Agreements. All representations, warranties and agreements made herein shall survive the execution and
delivery hereof and the making of the Credit Extension. Notwithstanding anything herein or implied
by law to the contrary, the agreements of each Credit Party set forth in Sections 2.18(c), 2.19,
2.20, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.17, 9.3(b) and 9.6
shall survive the payment of the Loans and the termination hereof.

     10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of Administrative Agent or any Lender in the exercise of
any power, right or privilege hereunder or under any other Credit Document shall impair such power,
right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall
any single or partial exercise of any

110

 

such power, right or privilege preclude other or further
exercise thereof or of any other power, right or privilege. The rights, powers and remedies given
to Administrative Agent and each Lender hereby are cumulative and shall be in addition to and
independent of all rights, powers and remedies existing by virtue of any statute or rule of law or
in any of the other Credit Documents or any of the Hedge Agreements. Any forbearance or failure to
exercise, and any delay in exercising, any right, power or remedy hereunder shall not impair any
such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the
further exercise of any such right, power or remedy.

     10.10. Marshalling; Payments Set Aside. Neither Administrative Agent nor any Lender shall be under any obligation to marshal any
assets in favor of any Credit Party or any other Person or against or in payment of any or all of
the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative
Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or Administrative Agent or
Lenders enforce any security interests or exercise their rights of setoff, and such payment or
payments or the proceeds of such enforcement or setoff or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a
trustee, receiver or any other party under any bankruptcy law, any other state or federal law,
common law or any equitable cause, then, to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related
thereto, shall be revived and continued in full force and effect as if such payment or payments had
not been made or such enforcement or setoff had not occurred.

     10.11. Severability. In case any provision in or obligation hereunder or under any other Credit Document shall
be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability
of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby.

     10.12. Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several and no Lender shall be responsible for the
obligations or Term Loan Commitment of any other Lender hereunder. Nothing contained herein or in
any other Credit Document, and no action taken by Lenders pursuant hereto or thereto, shall be
deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of
entity. The amounts payable at any time hereunder to each Lender shall be a separate and
independent debt, and each Lender shall be entitled to protect and enforce its rights
arising out hereof and it shall not be necessary for any other Lender to be joined as an
additional party in any proceeding for such purpose.

     10.13. Headings. Section headings herein are included herein for convenience of reference only and shall not
constitute a part hereof for any other purpose or be given any substantive effect.

     10.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED
BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICT OF LAWS

111

 

PRINCIPLES THEREOF THAT WOULD REQUIRE APPLICATION OF LAWS OF ANOTHER STATE.

     10.15. CONSENT TO JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY HERETO ARISING OUT OF OR RELATING HERETO
OR ANY OTHER CREDIT DOCUMENT, OR ANY OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL
COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND
DELIVERING THIS AGREEMENT OR ANY ASSIGNMENT AGREEMENT, EACH PARTY HERETO, FOR ITSELF AND IN
CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE
NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;
(c) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS
PROVIDED IN ACCORDANCE WITH SECTION 10.1; (d) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE
IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN
ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (e)
AGREES AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR
TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION.

     10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT
DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR
THE LENDER/COMPANY RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO
BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE
SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS
AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER
INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS
AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH
PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL
COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION
WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY
OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.16
AND EXECUTED

112

 

BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT
AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR
TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

     10.17. Confidentiality. Administrative Agent (which term shall for the purposes of this Section 10.17 include the
Arranger), and each Lender shall hold all non-public information regarding Company and its
Subsidiaries and their businesses identified as such by Company and obtained by such Lender
pursuant to the requirements hereof in accordance with such Lender’s customary procedures for
handling confidential information of such nature, it being understood and agreed by Company that,
in any event, Administrative Agent and each Lender may make (i) disclosures of such information to
Affiliates of such Lender or Agent and to their respective agents and advisors (and to other
Persons authorized by a Lender or Agent to organize, present or disseminate such information in
connection with disclosures otherwise made in accordance with this Section 10.17) in each case, who
agree to keep the information confidential in accordance with this Section 10.17, (ii) disclosures
of such information reasonably required by any bona fide or potential assignee, transferee or
participant in connection with the contemplated assignment, transfer or participation of any Loans
or any participations therein or by any direct or indirect contractual counterparties (or the
professional advisors thereto) to any swap or derivative transaction relating to the Company and
its obligations (provided, such assignees, transferees, participants, counterparties and advisors
are advised of and agree to be bound by either the provisions of this Section 10.17 or other
provisions at least as restrictive as this Section 10.17), (iii) disclosure to any rating agency
when required by it, provided that, prior to any disclosure, such rating agency shall
undertake in writing to preserve the confidentiality of any confidential information relating to
the Credit Parties received by it from Administrative Agent or any Lender, and (iv) disclosures in
connection with the exercise of remedies hereunder or under any other Credit Document or any
Sponsor Guaranty, and (v) disclosures required or requested by any governmental agency or
representative thereof or by the NAIC or pursuant to legal or judicial process; provided,
unless specifically prohibited by applicable law or court order, each Lender and Administrative
Agent shall make reasonable efforts to notify Company of any request by any governmental agency or
representative thereof (other than any such request in connection with any examination of the
financial condition or other routine examination of such Lender by such governmental agency) for
disclosure of any such non-public information prior to
disclosure of such information. In addition, Administrative Agent and each Lender may disclose the
existence of this Agreement and the information about this Agreement to market data collectors,
similar services providers to the lending industry, and service providers to Administrative Agent
and the Lenders in connection with the administration and management of this Agreement and the
other Credit Documents.

     10.18. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with
respect to any of the Obligations, including all charges or fees in connection therewith deemed in
the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate
of interest (determined without regard to the preceding sentence) under this Agreement at any time
exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear
interest at the Highest Lawful Rate

113

 

until the total amount of interest due hereunder equals the
amount of interest which would have been due hereunder if the stated rates of interest set forth in
this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are
repaid in full the total interest due hereunder (taking into account the increase provided for
above) is less than the total amount of interest which would have been due hereunder if the stated
rates of interest set forth in this Agreement had at all times been in effect, then to the extent
permitted by law, Company shall pay to Administrative Agent an amount equal to the difference
between the amount of interest paid and the amount of interest which would have been paid if the
Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the
intention of Lenders and Company to conform strictly to any applicable usury laws. Accordingly, if
any Lender contracts for, charges, or receives any consideration which constitutes interest in
excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if
previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans
made hereunder or be refunded to Company.

     10.19. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument.

     10.20. Effectiveness. This Agreement shall become effective upon the execution of a counterpart hereof by each of
the parties hereto and receipt by Company and Administrative Agent of written or telephonic
notification of such execution and authorization of delivery thereof.

     10.21. Patriot Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies each Credit Party that pursuant to the requirements of the Act, it is required to obtain,
verify and record information that identifies each Credit Party, which information includes the
name and address of each Credit Party and other information that will allow such Lender or
Administrative Agent, as applicable, to identify each Credit Party in accordance with the Act.

     10.22. Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment
Agreement shall be deemed to include electronic signatures or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually
executed signature or the use of a paper-based recordkeeping system, as the case may be, to the
extent and as provided for in any applicable law, including the Federal Electronic Signatures in
Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act.

     10.23. No Fiduciary Duty. The Agent, the Arranger, each Lender and their Affiliates (collectively, solely for
purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of
Company. Company agrees that nothing in the Credit Documents or otherwise will be deemed to create
an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the
Lenders and Company, its stockholders or its affiliates. You acknowledge and agree that (i) the
transactions contemplated by the Credit Documents are arm’s-length commercial transactions between
the Lenders, on the one hand, and Company, on

114

 

the other, (ii) in connection therewith and with the
process leading to such transaction each of the Lenders is acting solely as a principal and not the
agent or fiduciary of the Borrower, its management, stockholders, creditors or any other person,
(iii) no Lender has assumed an advisory or fiduciary responsibility in favor of Company with
respect to the transactions contemplated hereby or the process leading thereto (irrespective of
whether any Lender or any of its affiliates has advised or is currently advising Company on other
matters) or any other obligation to Company except the obligations expressly set forth in the
Credit Documents and (iv) Company has consulted its own legal and financial advisors to the extent
it deemed appropriate. Company further acknowledges and agrees that it is responsible for making
its own independent judgment with respect to such transactions and the process leading thereto.
Company agrees that it will not claim that any Lender has rendered advisory services of any nature
or respect, or owes a fiduciary or similar duty to Company, in connection with such transaction or
the process leading thereto.

[Remainder of page intentionally left blank]

115

 

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

	 	 	 	 	 
	 	COFFEYVILLE RESOURCES, LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE PIPELINE, INC.

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE REFINING & MARKETING, 

INC.

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE NITROGEN FERTILIZERS, 

INC.

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 

Opco Unsecured Credit Agreement

     

 

 

	 	 	 	 	 
	 	COFFEYVILLE CRUDE TRANSPORTATION,

INC.

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE TERMINAL, INC.

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	CL JV HOLDINGS, LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:  	  Chief Financial Officer	 
	 
	 	COFFEYVILLE RESOURCES PIPELINE,

LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE RESOURCES REFINING & 

MARKETING, LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	Chief Financial Officer	 
	 

Opco Unsecured Credit
Agreement

 

 

	 	 	 	 	 
	 	COFFEYVILLE RESOURCES NITROGEN

FERTILIZERS, LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE RESOURCES CRUDE 

TRANSPORTATION, LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	COFFEYVILLE RESOURCES TERMINAL,

LLC

 	 
	 	By:  	/s/  James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	Chief Financial Officer	 
	 

Opco
Unsecured Credit Agreement

 

 

	 	 	 	 	 
	 	CVR PARTNERS, LP

 	 
	 	     By:  	CVR GP, LLC, General Partner	 
	 
	 	     By:  	CVR Special GP, LLC, General Partner	 
	 
	 	 	By: 	Coffeyville Resources, LLC,

Sole Member of CVR GP, LLC and

CVR Special GP, LLC	 
	 
	 	By:  	/s/ James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	CVR SPECIAL GP, LLC

 	 
	 	     By:  	Coffeyville Resources, LLC, Sole Member	 
	 
	 	By:  	/s/ James T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	CVR MERGERSUB 1, INC.

 	 
	 	By:  	/s/  James
T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 
	 	CVR MERGERSUB 2, INC.

 	 
	 	By:  	/s/  James
T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 

Opco Unsecured Credit
Agreement

 

 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger and Sole Bookrunner

 	 
	 	By:  	/s/  Walter A. Jackson	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Opco Unsecured Credit
Agreement

 

 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Administrative Agent

 	 
	 	By:  	/s/  Walter A. Jackson	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Opco Unsecured Credit
Agreement

 

 

APPENDIX A

TO CREDIT AND GUARANTY AGREEMENT

Term Loan Commitments

	 	 	 	 	 
	 	 	 	 	Pro
	                         Lender	 	Term Loan Commitment	 	Rata Share
	Goldman Sachs Credit Partners L.P.
	 	$25,000,000	 	100%
	 
	 	 
	Total
	 	$25,000,000	 	100%
	 
	 	 

APPENDIX A-1

 

 

APPENDIX B

TO CREDIT AND GUARANTY AGREEMENT

Notice Addresses

COFFEYVILLE RESOURCES, LLC

and each other Credit Party

Coffeyville Resources, LLC

10 East Cambridge Circle, Suite #250

Kansas City, Kansas 66103

Attention: James T. Rens

Telecopier: (913) 981-0000

in each case, with a copy to:

Goldman Sachs Capital Partners

85 Broad Street, 10th Floor

New York, NY 10004

Attention: Ken Pontarelli

Telecopier: (212) 357-5505

and

Kelso & Company

320 Park Ave., 24th Floor

New York, New York 10022

Attn: James Connors — Managing Director & General Counsel

Telecopier: (212) 223-2379

APPENDIX B-2

 

 

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger, Sole Bookrunner,

Administrative Agent and a Lender

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: Lawrence Writer

Telecopier: (212) 902-3000

with copies to:

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: SBD Operations

Telecopier: (212) 428-1622

E-mail: gsd.link@gs.com

APPENDIX B-3EX-10.50

 

Exhibit 10.50

EXECUTION COPY

UNSECURED CREDIT AND GUARANTY AGREEMENT

dated as of August 23, 2007

among

COFFEYVILLE REFINING & MARKETING HOLDINGS, INC.,

COFFEYVILLE ACQUISITION, LLC,

VARIOUS LENDERS

and

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger, Sole Bookrunner and Administrative Agent

 

$75,000,000 Senior Unsecured Credit Facility

 

 

 

TABLE OF CONTENTS

	 	 	 	 
	 	 	Page
	SECTION 1. DEFINITIONS AND INTERPRETATION
	 	 	1
	 
	 	 	 
	1.1. Definitions
	 	 	1
	1.2. Accounting Terms
	 	 	23
	1.3. Interpretation, etc
	 	 	24
	 
	 	 	 
	SECTION 2. LOANS
	 	 	24
	 
	 	 	 
	2.1. Term Loans
	 	 	24
	2.2. [Reserved]
	 	 	25
	2.3. [Reserved]
	 	 	25
	2.4. [Reserved]
	 	 	25
	2.5. Pro Rata Shares; Availability of Funds
	 	 	25
	2.6. Use of Proceeds
	 	 	26
	2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes
	 	 	26
	2.8. Interest on Loans
	 	 	27
	2.9. Conversion/Continuation
	 	 	28
	2.10. Default Interest
	 	 	29
	2.11. Fees
	 	 	29
	2.12. Repayment
	 	 	29
	2.13. Voluntary Prepayments/Commitment Reductions
	 	 	30
	2.14. Mandatory Prepayments
	 	 	30
	2.15. Application of Prepayments
	 	 	31
	2.16. General Provisions Regarding Payments
	 	 	32
	2.17. Ratable Sharing
	 	 	33
	2.18. Making or Maintaining Eurodollar Rate Loans
	 	 	33
	2.19. Increased Costs; Capital Adequacy
	 	 	35
	2.20. Taxes; Withholding, etc
	 	 	37
	2.21. Obligation to Mitigate
	 	 	40
	2.22. Defaulting Lenders
	 	 	40
	2.23. Removal or Replacement of a Lender
	 	 	42
	 
	 	 	 
	SECTION 3. CONDITIONS PRECEDENT
	 	 	42
	 
	 	 	 
	3.1. Closing Date
	 	 	42
	3.2. Conditions to Each Credit Extension
	 	 	44
	 
	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	45
	 
	 	 	 
	4.1. Organization; Requisite Power and Authority; Qualification
	 	 	45
	4.2. Capital Stock and Ownership
	 	 	46
	4.3. Due Authorization
	 	 	46
	4.4. No Conflict
	 	 	46
	4.5. Governmental Consents
	 	 	47

ii

 

	 	 	 	 
	 	 	Page
	4.6. Binding Obligation
	 	 	47
	4.7. Historical Financial Statements
	 	 	47
	4.8. Projections
	 	 	47
	4.9. No Material Adverse Change
	 	 	47
	4.10. No Restricted Junior Payments
	 	 	48
	4.11. Adverse Proceedings, etc.
	 	 	48
	4.12. Payment of Taxes.
	 	 	48
	4.13. Properties
	 	 	48
	4.14. Environmental Matters
	 	 	49
	4.15. No Defaults
	 	 	51
	4.16. Material Contracts
	 	 	51
	4.17. Governmental Regulation
	 	 	51
	4.18. Margin Stock
	 	 	51
	4.19. Employee Matters
	 	 	51
	4.20. Employee Benefit Plans
	 	 	52
	4.21. Certain Fees
	 	 	52
	4.22. Solvency
	 	 	52
	4.23. Related Agreements
	 	 	52
	4.24. Compliance with Statutes, etc
	 	 	53
	4.25. Disclosure
	 	 	53
	4.26. Patriot Act
	 	 	53
	4.27. First Buyer
	 	 	54
	4.28. Schedules
	 	 	54
	 
	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	54
	 
	 	 	 
	5.1. Financial Statements and Other Reports
	 	 	54
	5.2. Existence
	 	 	59
	5.3. Payment of Taxes and Claims
	 	 	59
	5.4. Maintenance of Properties
	 	 	59
	5.5. Insurance
	 	 	59
	5.6. Books and Records; Inspections
	 	 	60
	5.7. Lenders Meetings
	 	 	60
	5.8. Compliance with Laws
	 	 	60
	5.9. Environmental
	 	 	60
	5.10. Subsidiaries
	 	 	64
	5.11. [Reserved]
	 	 	65
	5.12. Interest Rate Protection
	 	 	65
	5.13. Swap Agreement
	 	 	65
	5.14. Further Assurances
	 	 	65
	5.15. Miscellaneous Business Covenants
	 	 	65
	5.16. Compliance with Section 5 of the Existing Credit Agreement
	 	 	65
	5.17. Syndication
	 	 	65
	 
	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	66
	 
	 	 	 
	6.1. Indebtedness
	 	 	66

iii

 

	 	 	 	 
	 	 	Page
	6.2. Liens
	 	 	67
	6.3. [Reserved]
	 	 	67
	6.4. No Further Negative Pledges
	 	 	67
	6.5. Restricted Junior Payments
	 	 	67
	6.6. Restrictions on Subsidiary Distributions
	 	 	69
	6.7. Investments
	 	 	70
	6.8. Financial Covenants
	 	 	70
	6.9. Fundamental Changes; Disposition of Assets; Acquisitions
	 	 	73
	6.10. Disposal of Subsidiary Interests
	 	 	74
	6.11. Sales and Lease-Backs
	 	 	75
	6.12. Transactions with Shareholders and Affiliates
	 	 	75
	6.13. Conduct of Business
	 	 	75
	6.14. Permitted Activities of Credit Parties
	 	 	75
	6.15. Amendments or Waivers of Certain Related Agreements
	 	 	76
	6.16. Equity Offering
	 	 	76
	6.17. Fiscal Year
	 	 	76
	6.18. Organization
	 	 	76
	6.19. AcquisitionCo. Reorganization
	 	 	76
	 
	 	 	 
	SECTION 7. GUARANTY
	 	 	76
	 
	 	 	 
	7.1. Guaranty of the Obligations
	 	 	76
	7.2. Contribution by Guarantors
	 	 	76
	7.3. Payment by Guarantors
	 	 	77
	7.4. Liability of Guarantors Absolute
	 	 	78
	7.5. Waivers by Guarantors
	 	 	80
	7.6. Guarantors’ Rights of Subrogation, Contribution, etc
	 	 	80
	7.7. Subordination of Other Obligations
	 	 	81
	7.8. Continuing Guaranty
	 	 	81
	7.9. Authority of Guarantors or Company
	 	 	81
	7.10. Financial Condition of Company
	 	 	81
	7.11. Bankruptcy, etc
	 	 	82
	 
	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	82
	 
	 	 	 
	8.1. Events of Default
	 	 	82
	 
	 	 	 
	SECTION 9. ADMINISTRATIVE GENT
	 	 	85
	 
	 	 	 
	9.1. Powers and Duties
	 	 	86
	9.2. General Immunity
	 	 	86
	9.3. Administrative Agent Entitled to Act as Lender
	 	 	88
	9.4. Lenders’ Representations, Warranties and Acknowledgment
	 	 	88
	9.5. Right to Indemnity
	 	 	88
	9.6. Successor Administrative Agent
	 	 	89
	9.7. Guaranty
	 	 	89

iv

 

	 	 	 	 
	 	 	Page
	SECTION 10. MISCELLANEOUS
	 	 	90
	 
	 	 	 
	10.1. Notices
	 	 	90
	10.2. Expenses
	 	 	92
	10.3. Indemnity
	 	 	92
	10.4. Set-Off
	 	 	93
	10.5. Amendments and Waivers
	 	 	93
	10.6. Successors and Assigns; Participations
	 	 	95
	10.7. Independence of Covenants
	 	 	98
	10.8. Survival of Representations, Warranties and Agreements
	 	 	98
	10.9. No Waiver; Remedies Cumulative
	 	 	98
	10.10. Marshalling; Payments Set Aside
	 	 	99
	10.11. Severability
	 	 	99
	10.12. Obligations Several; Independent Nature of Lenders’ Rights
	 	 	99
	10.13. Headings
	 	 	99
	10.14. APPLICABLE LAW
	 	 	99
	10.15. CONSENT TO JURISDICTION
	 	 	99
	10.16. WAIVER OF JURY TRIAL
	 	 	100
	10.17. Confidentiality
	 	 	100
	10.18. Usury Savings Clause
	 	 	101
	10.19. Counterparts
	 	 	102
	10.20. Effectiveness
	 	 	102
	10.21. Patriot Act
	 	 	102
	10.22. Electronic Execution of Assignments
	 	 	102
	10.23. No Fiduciary Duty
	 	 	102

v

 

	 	 	 	 	 	 	 
	APPENDICES:

	 	 	A	 	 	Term Loan Commitments
	 

	 	 	B	 	 	Notice Addresses
	 
	 	 	 	 	 	 
	SCHEDULES:

	 	 	4.1	 	 	Jurisdictions of Organization and Qualification
	 

	 	 	4.2	 	 	Capital Stock and Ownership
	 

	 	 	4.11	 	 	Adverse Proceedings
	 

	 	 	4.13	 	 	Real Estate Assets
	 

	 	 	4.14	 	 	Environmental Matters
	 

	 	 	4.16	 	 	Material Contracts
	 

	 	 	6.1	 	 	Certain Indebtedness
	 

	 	 	6.2	 	 	Certain Liens
	 

	 	 	6.7	 	 	Certain Investments
	 

	 	 	6.12	 	 	Certain Affiliate Transactions
	 

	 	 	6.12	(a)	 	Reorganization Transactions
	 
	 	 	 	 	 	 
	EXHIBITS:

	 	 	A-1	 	 	Funding Notice
	 

	 	 	A-2	 	 	Conversion/Continuation Notice
	 

	 	 	B	 	 	Term Loan Note
	 

	 	 	C	 	 	Compliance Certificate
	 

	 	 	D	 	 	Opinions of Counsel
	 

	 	 	E	 	 	Assignment Agreement
	 

	 	 	F	 	 	Certificate Re Non-bank Status
	 

	 	 	G-1	 	 	Closing Date Certificate
	 

	 	 	G-2	 	 	Solvency Certificate
	 

	 	 	H	 	 	Counterpart Agreement
	 

	 	 	I-1	 	 	GS Capital Partners Guaranty
	 

	 	 	I-2	 	 	Kelso & Company Guaranty

vi

 

UNSECURED CREDIT AND GUARANTY AGREEMENT

     This UNSECURED CREDIT AND GUARANTY AGREEMENT, dated as of August 23, 2007 is entered into by
and among COFFEYVILLE REFINING & MARKETING HOLDINGS, INC., a Delaware corporation (“Company”),
COFFEYVILLE ACQUISITION, LLC, a Delaware limited liability company (“AcquisitionCo”), the Lenders
party hereto from time to time, and GOLDMAN SACHS CREDIT PARTNERS L.P. (“GSCP”), as Sole Lead
Arranger and Sole Bookrunner (in such capacity, collectively, the “Arranger”) and as Administrative
Agent (together with its permitted successors in such capacity, “Administrative Agent”).

RECITALS:

     WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth
for such terms in Section 1.1 hereof;

     WHEREAS, Company has requested the Lenders to extend credit hereunder in the form of Term
Loans to be established on or after the Closing Date in an initial aggregate principal amount not
to exceed $75,000,000. The proceeds of the Term Loans will be contributed by Company as common
equity to Holdings, contributed by Holdings as common equity to Coffeyville Resources and used by
Coffeyville Resources for working capital and general corporate purposes of Coffeyville Resources
and its Subsidiaries;

     WHEREAS, the Lenders are willing to extend such credit on the terms and subject to the
conditions set forth herein; and

     WHEREAS, the Guarantors have agreed to guarantee the obligations of Company hereunder.

     NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree as follows:

SECTION 1. DEFINITIONS AND INTERPRETATION

     1.1. Definitions. The following terms used herein, including in the preamble, recitals, exhibits and
schedules hereto, shall have the following meanings:

          “AcquisitionCo” means Coffeyville Acquisition LLC, a Delaware limited liability company.

          “AcquisitionCo. Reorganization” means a reorganization in which AcquisitionCo. will redeem all
of its outstanding common units held by GS Capital Partners V Fund, L.P. and its Affiliates, who
will receive the same number of common units in Coffeyville Acquisition II LLC, a newly formed
limited liability company to which AcquisitionCo. will transfer half of its interests in each of
the Company, Fertilizers and CVR. In addition, half of the common units and half of the profits
interests in AcquisitionCo. held by management will be redeemed in exchange for an equal number and type of limited liability interests in Coffeyville 

 

 

Acquisition II LLC. Following these redemptions, Kelso & Company, L.P. and its
Affiliates will own substantially all of the common units of AcquisitionCo., GS Capital Partners V
Fund, L.P. and its Affiliates will own substantially all of the common units of Coffeyville
Acquisition II LLC and management will own an equal number and type of interests in both
AcquisitionCo. and Coffeyville Acquisition II LLC.

          “Acquisition III LLC” means Coffeyville Acquisition III LLC, a Delaware limited liability
company, which shall be majority-owned by the Sponsors and certain members of management of CVR.

          “Adjusted Eurodollar Rate” means, with respect to any Eurodollar Rate Loan for any Interest
Period, an interest rate per annum equal to the product of (a) LIBOR in effect for such Interest
Period and (b) Applicable Reserve Requirement.

          “Administrative Agent” as defined in the preamble hereto.

          “Adverse Proceeding” means any action, suit, proceeding (whether administrative, judicial or
otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of
AcquisitionCo or any of its Subsidiaries) at law or in equity, or before or by any Governmental
Authority, domestic or foreign, whether pending or, to the knowledge of AcquisitionCo or any of its
Subsidiaries, threatened against or affecting AcquisitionCo or any of its Subsidiaries or any
property of AcquisitionCo or any of its Subsidiaries.

          “Affected Lender” as defined in Section 2.18(b).

          “Affected Loans” as defined in Section 2.18(b).

          “Affiliate” means, as applied to any Person, any other Person directly or indirectly
controlling, controlled by, or under common control with, that Person. For the purposes of this
definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled
by” and “under common control with”), as applied to any Person, means the possession, directly or
indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for
the election of directors of such Person or (ii) to direct or cause the direction of the management
and policies of that Person, whether through the ownership of voting securities or by contract or
otherwise; provided, however, that GSCP shall not be considered an affiliate of Holdings, Company
or AcquisitionCo.

          “Aggregate Amounts Due” as defined in Section 2.17.

          “Aggregate Payments” as defined in Section 7.2.

          “Agreement” means this Unsecured Credit and Guaranty Agreement, dated as of August 23, 2007,
as it may be amended, restated, supplemented or otherwise modified from time to time.

          “Applicable Margin” means (a) with respect to the Term Loans that are Eurodollar Rate Loans,
2.50% per annum; and (b) with respect to the Term Loans that are Base

2

 

Rate Loans, an amount equal to (i) the Applicable Margin for Eurodollar Rate Loans as set
forth in clause (a) above minus (ii) 1.00% per annum.

          “Applicable Reserve Requirement” means, at any time, for any Eurodollar Rate Loan, the maximum
rate, expressed as a decimal, at which reserves (including, without limitation, any basic marginal,
special, supplemental, emergency or other reserves) are required to be maintained with respect
thereto against “Eurocurrency liabilities” (as such term is defined in Regulation D) under
regulations issued from time to time by the Board of Governors of the Federal Reserve System or
other applicable banking regulator. Without limiting the effect of the foregoing, the Applicable
Reserve Requirement shall reflect any other reserves required to be maintained by such member banks
with respect to (i) any category of liabilities which includes deposits by reference to which the
applicable Adjusted Eurodollar Rate or any other interest rate of a Loan is to be determined, or
(ii) any category of extensions of credit or other assets which include Eurodollar Rate Loans. A
Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities. The rate of interest
on Eurodollar Rate Loans shall be adjusted automatically on and as of the first day of the relevant
Interest Period following the effective date of any change in the Applicable Reserve Requirement.

          “Arranger” as defined in the preamble hereto.

          “Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback,
assignment, conveyance, transfer or other disposition to, or any exchange of property with, any
Person (other than any Credit Party), in one transaction or a series of transactions, of all or any
part of AcquisitionCo’s or any of its Subsidiaries’ businesses, assets or properties of any kind,
whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter
acquired, including, without limitation, the Capital Stock of any of Company’s Subsidiaries, other
than (i) inventory or other assets sold, leased or subleased, assigned, conveyed, transferred or
disposed (including bulk sales or leases) in the ordinary course of business (excluding any such
sales by operations or divisions discontinued or to be discontinued), (ii) the sale, assignment,
conveyance, transfer, disposition or other transfer of accounts receivable (only in connection with
the compromise thereof) in the ordinary course of business and disposals or replacements of
damaged, worn-out or obsolete assets or assets no longer useful in the business, (iii) any sale or
disposition deemed to occur in connection with creating, granting or exercising remedies, including
foreclosure, in respect of any Liens permitted pursuant to Section 6.2, (iv) any transfer of
property or assets or issuance of Capital Stock that constitutes a Restricted Junior Payment
permitted by Section 6.5 or Investment permitted to be made by Section 6.7, (v) the sale or other
disposition of cash or Cash Equivalents in the ordinary course of business, (vi) the termination in
the ordinary course of business of any Hedging Agreement (excluding the Swap Agreement) permitted
to be entered into hereunder and otherwise permitted to be terminated hereunder and (vii) sales of
other assets for aggregate consideration of less than $2,000,000 in the aggregate during any Fiscal
Year..

          “Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form
of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent.

          “Assignment Effective Date” as defined in Section 10.6(b).

3

 

          “Authorized Officer” means, as applied to any Person, any individual holding the position of
chairman of the board (if an officer), chief executive officer, president or one of its vice
presidents (or the equivalent thereof), and such Person’s chief financial officer or treasurer.

          “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, or any successor statute.

          “Base Rate” means, for any day, a base rate calculated as a fluctuating rate per annum as
shall be in effect from time to time, equal to the greatest of:

               (a) the Prime Rate in effect on such day;

               (b) the Federal Funds Effective Rate on such day plus 1/2 of 1%; and

          As used in this definition, the term “Prime Rate” means the rate of interest per annum
announced from time to time by the Administrative Agent as its prime rate in effect at its
principal office in New York City. If for any reason the Administrative Agent shall have
determined (which determination shall be conclusive absent manifest error) that it is unable to
ascertain the Federal Funds Effective Rate, for any reason, including the inability or failure of
the Administrative Agent to obtain sufficient quotation in accordance with the terms hereof, the
Base Rate shall be determined with out regard to clause (b) above until the circumstances giving
rise to such inability no longer exist. Any change in the Base Rate due to a change in the Prime
Rate or the Federal Funds Effective Rate shall be effective as of the effective day of such change
in the Prime Rate or the Federal Funds Effective Rate, respectively.

          “Base Rate Loan” means a Loan bearing interest at a rate determined by reference to the Base
Rate.

          “Beneficiary” means the Administrative Agent and each Lender.

          “Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal
holiday under the laws of the State of New York or is a day on which banking institutions located
in such state are authorized or required by law or other governmental action to close and (ii) with
respect to all notices, determinations, fundings and payments in connection with the Adjusted
Eurodollar Rate or any Eurodollar Rate Loans, the term “Business Day” shall mean any day which is a
Business Day described in clause (i) and which is also a day for trading by and between banks in
Dollar deposits in the London interbank market.

          “Capital Lease” means, as applied to any Person, any lease of any property (whether real,
personal or mixed) by that Person as lessee that, in conformity with GAAP, is or should be
accounted for as a capital lease on the balance sheet of that Person.

          “Capital Stock” means any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation), including, without limitation, partnership interests and
membership interests, and any and all warrants, rights or options to purchase or other arrangements
or rights to acquire any of the foregoing.

4

 

          “Cash” means money, currency or a credit balance in any demand or Deposit Account.

          “Cash Equivalents” means, as at any date of determination, (i) marketable securities (a)
issued or directly and unconditionally guaranteed as to interest and principal by the United States
Government or (b) issued by any agency of the United States the obligations of which are backed by
the full faith and credit of the United States, in each case maturing within one year after such
date; (ii) marketable direct obligations issued by any state of the United States of America or any
political subdivision of any such state or any public instrumentality thereof, in each case
maturing within one year after such date and having, at the time of the acquisition thereof, a
rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing no
more than one year from the date of creation thereof and having, at the time of the acquisition
thereof, a rating of at least A-1 from S&P at least P-1 from Moody’s; (iv) certificates of deposit
or bankers’ acceptances maturing within one year after such date and issued or accepted by any
Lender or by any commercial bank organized under the laws of the United States of America or any
state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined
in the regulations of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined
in such regulations) of not less than $100,000,000; (v) shares of any money market mutual fund that
(a) has substantially all of its assets invested continuously in the types of investments referred
to in clauses (i), (ii) and (vi), (b) has net assets of not less than $500,000,000, and (c) has the
highest rating obtainable from either S&P or Moody’s; (vi) fully collateralized repurchase
agreements with a term of not more than 30 days for underlying securities of the type described in
clauses (i), (ii) and (v) above entered into with any bank meeting the qualifications specified in
clause (v) above or securities dealers of recognized national standing; and (vii) customary
overnight sweep investment instruments entered into in the ordinary course of business with
Wachovia, as cash management bank, or any successor cash management bank.

          “Certificate re Non-Bank Status” means a certificate substantially in the form of Exhibit F.

          “Change of Control” means, at any time, (i) (x) prior to an IPO, Sponsors shall cease to
beneficially own and control at least at least 35% on a fully diluted basis of the economic
interest in the Capital Stock of Parent and at least 51% on a fully diluted basis of the voting
interests in the Capital Stock of Parent and (y) after a registered initial public offering of the
Capital Stock of Parent, Sponsors shall cease to beneficially own and control, directly or
indirectly, on a fully diluted basis at least 35% of the economic and voting interests in the
Capital Stock of Parent (it being understood any one or more of the Sponsors may individually or
collectively satisfy the minimum ownership and control requirements of this clause (i)); (ii) any
Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than
any one or more of the Sponsors (a) shall have acquired beneficial ownership of 35% or more on a
fully diluted basis of the voting and/or economic interest in the Capital Stock of Parent, in the
aggregate, and the percentage voting and/or economic interest voting and/or economic interest
acquired by such Person or “group” exceeds, in the aggregate, the percentage of voting and/or
economic interest voting and/or economic interest owned by Sponsors or (b) shall have obtained the
power (whether or not exercised) to elect a majority of the members of the board of directors (or
similar governing body) of any of Parent; (iii) Parent shall cease to

5

 

beneficially own and control, directly or indirectly, 100% on a fully diluted basis of the
economic and voting interest in the Capital Stock of Company; (iv) Parent shall cease to
beneficially own and control, directly or indirectly (including through any of Holdings), 100% on a
fully diluted basis of the economic and voting interest in the Capital Stock of Coffeyville
Resources; (v) Holdings (on a collective basis) shall cease to beneficially own and control 100% on
a fully diluted basis of the economic and voting interest in the Capital Stock of Coffeyville
Resources; or (vi) the majority of the seats (other than vacant seats) on the board of directors
(or similar governing body) of Parent cease to be occupied by Persons who either (a) were members
of the board of directors (or similar governing body) of Parent on the Effective Date or (b) were
nominated for election by the board of directors (or similar governing body) of Parent, a majority
of whom were directors on the Effective Date or whose election or nomination for election was
previously approved by a majority of such directors.

          “CL JV” means CL JV Holdings, LLC, a Delaware limited liability company.

          “Closing Date” means August 23, 2007.

          “Closing Date Certificate” means a Closing Date Certificate substantially in the form of
Exhibit G-1.

          “Coffeyville Resources” means Coffeyville Resources, LLC, a Delaware limited liability
company.

          “Commodity Agreement” means any commodity exchange, swap, forward, cap, floor collar or other
similar agreement or arrangement, including the Swap Agreement, each of which is for the purpose of
hedging the exposure of Coffeyville Resources and the guarantors under the Existing Credit
Agreement to fluctuations in the price of nitrogen fertilizers, hydrocarbons and refined products
in their operations and not for speculative purposes.

          “Company” as defined in the preamble hereto.

          “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit
C.

          “Consent Decree” means the Consent Decree entered into by the United States of America, the
Kansas Department of Health and Environment ex rel State of Kansas, Coffeyville Resources Refining
& Marketing, LLC, and Coffeyville Resources Terminal, LLC that was lodged with the United States
District Court for the District of Kansas on March 4, 2004 and was subject to public comment until
March 18, 2004, including any subsequent amendments thereto.

          “Consolidated Capital Expenditures” means, for any period, the aggregate of all expenditures
of Coffeyville Resources and its Subsidiaries during such period determined on a consolidated basis
that, in accordance with GAAP, are or should be included in “purchase of property and equipment” or
similar items reflected in the consolidated statement of cash flows of Coffeyville Resources and
its Subsidiaries; provided that, solely for purposes of Section 6.8(c), the term “Consolidated
Capital Expenditures” shall not include (a) the purchase of plant, property or equipment made
within one year (or within eighteen months if a binding agreement to reinvest is entered into
within twelve months) of the sale of any asset to the extent purchased

6

 

with the proceeds of such sale made pursuant to and in accordance with Section 2.14(a) of the
Existing Credit Agreement, or (b) the purchase of plant, property or equipment made within one year
(or within eighteen months if a binding agreement to reinvest is entered into within twelve months)
of the receipt of insurance or condemnation proceeds the extent purchased with such insurance or
condemnation proceeds pursuant to and in accordance with Section 2.14(b) of the Existing Credit
Agreement.

          “Contractual Obligation” means, as applied to any Person, any provision of any Security issued
by that Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or
other instrument to which that Person is a party or by which it or any of its properties is bound
or to which it or any of its properties is subject.

          “Contributing Guarantors” as defined in Section 7.2.

          “Conversion/Continuation Date” means the effective date of a continuation or conversion, as
the case may be, as set forth in the applicable Conversion/Continuation Notice.

          “Conversion/Continuation Notice” means a Conversion/Continuation Notice substantially in the
form of Exhibit A-2.

          “Counterpart Agreement” means a Counterpart Agreement substantially in the form of Exhibit H
delivered by a Credit Party pursuant to Section 5.10.

          “Credit Date” means the date of a Credit Extension.

          “Credit Document” means any of this Agreement, the Notes, if any, and all other documents,
instruments or agreements executed and delivered by a Credit Party for the benefit of the
Administrative Agent or any Lender in connection herewith.

          “Credit Extension” means the making of a Loan.

          “Credit Party” means Company, AcquisitionCo and each other Guarantor.

          “Cure Amount” as defined in Section 6.8(e).

          “Cure Right” as defined in Section 6.8(e).

          “Currency Agreement” means any foreign exchange contract, currency swap agreement, futures
contract, option contract, synthetic cap or other similar agreement or arrangement, each of which
is for the purpose of hedging the foreign currency risk associated with Coffeyville Resources’ and
its Subsidiaries’ operations and not for speculative purposes.

          “CVR” means CVR Energy, Inc., a Delaware corporation.

          “Default” means a condition or event that, after notice or lapse of time or both, would
constitute an Event of Default.

7

 

          “Default Excess” means, with respect to any Defaulting Lender, the excess, if any, of such
Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all
Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all
of their respective Defaulted Loans) over the aggregate outstanding principal amount of all Loans
of such Defaulting Lender.

          “Default Period” means, with respect to any Defaulting Lender, the period commencing on the
date of the applicable Funding Default and ending on the earliest of the following dates: (i) the
date on which all Term Loan Commitments are cancelled or terminated and/or the Obligations are
declared or become immediately due and payable, (ii) the date on which (a) the Default Excess with
respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such
Defaulting Lender of any Defaulted Loans of such Defaulting Lender or by the non-pro rata
application of any voluntary or mandatory prepayments of the Loans in accordance with the terms of
Section 2.13 or Section 2.14 or by a combination thereof) and (b) such Defaulting Lender shall have
delivered to Company and Administrative Agent a written reaffirmation of its intention to honor its
obligations hereunder with respect to its Commitments, and (iii) the date on which Company,
Administrative Agent and Requisite Lenders waive all Funding Defaults of such Defaulting Lender in
writing.

          “Defaulted Loan” as defined in Section 2.22.

          “Defaulting Lender” as defined in Section 2.22.

          “Deposit Account” means a demand, time, savings, passbook or like account with a bank, savings
and loan association, credit union or like organization, other than an account evidenced by a
negotiable certificate of deposit.

          “Dollars” and the sign “$” mean the lawful money of the United States of America.

          “Domestic Subsidiary” means any Subsidiary organized under the laws of the United States of
America, any State thereof or the District of Columbia.

          “Effective Date” means December 28, 2006.

          “Eligible Assignee” means (i) any Lender, any Affiliate of any Lender and any Related Fund
(any two or more Related Funds being treated as a single Eligible Assignee for all purposes
hereof), and (ii) any commercial bank, insurance company, investment or mutual fund or other entity
that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which
extends credit or buys loans as one of its businesses that in each case is a “qualified purchaser”
for purposes of Section 2(a)(51) of the Investment Company Act of 1940, as amended;
provided, no Affiliate of any of Holdings, Company or AcquisitionCo shall be an Eligible
Assignee.

          “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA
which is or was sponsored, maintained or contributed to by, or required to be contributed by,
AcquisitionCo, any of its Subsidiaries or any of their respective ERISA Affiliates.

8

 

          “Environmental Claim” means any notice of violation, claim, action, suit, proceeding, demand,
abatement order or other order or directive (conditional or otherwise), by any Governmental
Authority or any other Person, arising pursuant to or in connection with any actual or alleged
violation of, or liability under, any Environmental Law.

          “Environmental Laws” means any and all current or future foreign or domestic, federal or state
(or any subdivision of either of them), statutes, ordinances, orders, rules, regulations,
judgments, Governmental Authorizations, or any other requirements of Governmental Authorities
(including, without limitation, the Consent Decree) relating to (i) environmental matters,
including any Hazardous Materials Activity; (ii) occupational safety and health, industrial
hygiene; or (iii) the protection of human health (as it relates to Releases of or exposure to
Hazardous Materials), the environment or natural resources, in any manner applicable to
AcquisitionCo or its Subsidiaries or the Facilities.

          “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time, and any successor thereto.

          “ERISA Affiliate” means, as applied to any Person, (i) any corporation which is a member of a
controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code
of which that Person is a member; (ii) any trade or business (whether or not incorporated) which is
a member of a group of trades or businesses under common control within the meaning of Section
414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an
affiliated service group within the meaning of Section 414(m) or (o) of the Internal Revenue Code
of which that Person, any corporation described in clause (i) above or any trade or business
described in clause (ii) above is a member. Any former ERISA Affiliate of AcquisitionCo or any of
its Subsidiaries shall continue to be considered an ERISA Affiliate of AcquisitionCo or any such
Subsidiary within the meaning of this definition with respect to the period such entity was an
ERISA Affiliate of AcquisitionCo or such Subsidiary and with respect to liabilities arising after
such period for which AcquisitionCo or such Subsidiary could be liable under the Internal Revenue
Code or ERISA.

          “ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and
the regulations issued thereunder with respect to any Pension Plan (excluding those for which the
provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet
the minimum funding standard of Section 412 of the Internal Revenue Code with respect to any
Pension Plan (whether or not waived in accordance with Section 412(d) of the Internal Revenue Code)
or the failure to make by its due date a required installment under Section 412(m) of the Internal
Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a
Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to
Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination
described in Section 4041(c) of ERISA; (iv) the withdrawal by AcquisitionCo, any of its
Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more
contributing sponsors or the termination of any such Pension Plan resulting in liability to
AcquisitionCo, any of its Subsidiaries or any of their respective Affiliates pursuant to Section
4063 or 4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate any Pension
Plan, or the occurrence of any event or condition which would be reasonably likely to constitute
grounds under ERISA for the termination of, or

9

 

the appointment of a trustee to administer, any Pension Plan; (vi) the imposition of liability
on AcquisitionCo, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to
Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (vii)
the withdrawal of AcquisitionCo, any of its Subsidiaries or any of their respective ERISA
Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of
ERISA) from any Multiemployer Plan if there is any potential withdrawal liability therefore, or the
receipt by AcquisitionCo, any of its Subsidiaries or any of their respective ERISA Affiliates of
notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section
4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or
4042 of ERISA; (viii) the occurrence of an act or omission which could give rise to the imposition
on AcquisitionCo, any of its Subsidiaries or any of their respective ERISA Affiliates of any
material fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code
or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any
Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for
benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof,
or against AcquisitionCo, any of its Subsidiaries or any of their respective ERISA Affiliates in
connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice
of the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified
under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal
Revenue Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption
from taxation under Section 501(a) of the Internal Revenue Code, in each case that cannot be cured
without material liability to AcquisitionCo; or (xi) the imposition of a Lien pursuant to Section
401(a)(29) or 412(n) of the Internal Revenue Code or pursuant to ERISA with respect to any Pension
Plan.

          “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined by reference to the
Adjusted Eurodollar Rate.

          “Event of Default” means each of the conditions or events set forth in Section 8.1.

          “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and
any successor statute.

          “Existing Credit Agreement” means the Second Amended and Restated Credit and Guaranty
Agreement, dated as of December 28, 2006, among Coffeyville Resources, Holdings, the guarantors
party thereto, the lenders party thereto from time to time, GSCP and Credit Suisse Securities (USA)
LLC, as joint lead arrangers and joint bookrunners, Credit Suisse, as administrative agent,
collateral agent, funded L/C issuing bank and as revolving issuing bank, Deutsche Bank Trust
Company Americas, as syndication agent and ABN AMRO Bank N.V., as documentation agent, as amended
by the First Amendment to Second Amended and Restated Credit and Guaranty Agreement dated on or
about the date hereof, among Coffeyville Resources, Holdings, the guarantors party thereto, the
lenders listed on the signature pages thereto, GSCP and Credit Suisse Securities (USA) LLC, as
joint lead arrangers and joint bookrunners, and Credit Suisse, as administrative agent and
collateral agent.

10

 

          “Facility” means any real property (including all buildings, fixtures or other improvements
located thereon) now or hereafter owned, leased, operated or otherwise occupied by AcquisitionCo or
any of its Subsidiaries or Affiliates.

          “Fair Share” as defined in Section 7.2.

          “Fair Share Contribution Amount” as defined in Section 7.2.

          “Federal Funds Effective Rate” means for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided, (i) if such day is not a
Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day, and (ii) if no
such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day
shall be the average rate charged to Administrative Agent, in its capacity as a Lender, on such
day on such transactions as determined by Administrative Agent.

          “Fertilizers” means Coffeyville Nitrogen Fertilizers, Inc., a Delaware corporation.

          “Financial Officer Certification” means, with respect to the financial statements for which
such certification is required, the certification of the chief financial officer of Coffeyville
Resources that such financial statements fairly present, in all material respects, the financial
condition of Coffeyville Resources and its Subsidiaries as at the dates indicated and the results
of their operations and their cash flows for the periods indicated, subject to changes resulting
from audit and normal year-end adjustments.

          “Financial Plan” as defined in Section 5.1(i).

          “Fiscal Quarter” means a fiscal quarter of any Fiscal Year.

          “Fiscal Year” means the fiscal year of Company and its Subsidiaries ending on December 31 of
each calendar year.

          “Form S-1” means Amendment No. 7 to Form S-1 of CVR Energy, Inc. as filed with the Securities
and Exchange Commission on June 5, 2007.

          “Funded Letter of Credit” as defined in the Existing Credit Agreement.

          “Funding Default” as defined in Section 2.22.

          “Funding Guarantor” as defined in Section 7.2.

          “Funding Notice” means a notice substantially in the form of Exhibit A-1.

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          “GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2,
United States generally accepted accounting principles in effect as of the date of determination
thereof.

          “Governmental Authority” means any federal, state, municipal, national or other government,
governmental department, commission, board, bureau, court, agency or instrumentality or political
subdivision thereof or any entity or officer exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to any government or any court, in each
case whether associated with a state of the United States, the United States, or a foreign entity
or government.

          “Governmental Authorization” means any permit, license, authorization, plan, directive,
consent order or consent decree of or from any Governmental Authority.

          “GP Purchase Price” as defined in Section 6.9(c).

          “Guaranteed Obligations” as defined in Section 7.1.

          “Guarantor” means each of AcquisitionCo and each Domestic Subsidiary of AcquisitionCo (other
than (i) Company, (ii) Holdings and any of its Subsidiaries, (iii) MergerSub 1, (iv) MergerSub 2
and (v) at any time prior to a registered initial public offering or secondary registered offering,
CVR).

          “Guarantor Subsidiary” means each Guarantor other than AcquisitionCo.

          “Guaranty” means the guaranty of each Guarantor set forth in Section 7.

          “Hazardous Materials” means any chemical, material or substance, exposure to which is
prohibited, limited or regulated by any Governmental Authority or which may or could pose a hazard
to the health and safety of the owners, occupants or any Persons in the vicinity of any Facility or
to the indoor or outdoor environment.

          “Hazardous Materials Activity” means any past, current, proposed or threatened activity, event
or occurrence involving any Hazardous Materials, including the use, manufacture, possession,
storage, holding, presence, existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, construction, treatment, abatement, removal, remediation,
disposal, disposition or handling of any Hazardous Materials, and any corrective action or response
action with respect to any of the foregoing.

          “Hedge Agreement” means an Interest Rate Agreement, a Currency Agreement or a Commodity
Agreement entered into with a Lender Counterparty in order to satisfy the requirements of this
Agreement or otherwise in the ordinary course of Holdings’ or any of its Subsidiaries’ businesses.

          “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from
time to time may be contracted for, charged, or received under the laws applicable to any Lender
which are presently in effect or, to the extent allowed by law, under

12

 

such applicable laws which may hereafter be in effect and which allow a higher maximum
nonusurious interest rate than applicable laws now allow.

          “Historical Financial Statements” means as of the Closing Date, (i) the audited financial
statements of AcquisitionCo and its Subsidiaries, for the immediately preceding three Fiscal Years,
consisting of balance sheets and the related consolidated statements of income, stockholders’
equity and cash flows for such Fiscal Years, and (ii) the unaudited financial statements of
AcquisitionCo and its Subsidiaries as at the most recently ended Fiscal Quarter, consisting of a
balance sheet and the related consolidated statements of income, stockholders’ equity and cash
flows for the three-, six-or nine-month period, as applicable, ending on such date, in the case of
clauses (i) and (ii), certified by the chief financial officer of Coffeyville Resources that they
fairly present, in all material respects, the financial condition of Coffeyville Resources and its
Subsidiaries as at the dates indicated and the results of their operations and their cash flows for
the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

          “Holdings” means, collectively, CL JV, Pipeline, Refining, Fertilizers, Transportation and
Terminal.

          “Increased-Cost Lenders” as defined in Section 2.23.

          “Indebtedness”, as applied to any Person, means, without duplication, (i) all indebtedness for
borrowed money; (ii) that portion of obligations with respect to Capital Leases that is classified
as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for borrowed money; (iv)
any obligation owed for all or any part of the deferred purchase price of property or services
(excluding (x) trade payables and accrued expenses arising in the ordinary course of business and
(y) obligations incurred under ERISA), which purchase price is (a) due more than six months from
the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar
written instrument; (v) all indebtedness secured by any Lien on any property or asset owned or held
by that Person regardless of whether the indebtedness secured thereby shall have been assumed by
that Person or is nonrecourse to the credit of that Person; provided however, in
the case of non-recourse Indebtedness, the amount of such Indebtedness shall be limited to the
value of the assets securing such indebtedness; (vi) the face amount of any letter of credit issued
for the account of that Person or as to which that Person is otherwise liable for reimbursement of
drawings; (vii) the direct or indirect guaranty, endorsement (otherwise than for collection or
deposit in the ordinary course of business), co-making, discounting with recourse or sale with
recourse by such Person of the Indebtedness of another; (viii) any obligation of such Person the
primary purpose or intent of which is to provide assurance to an obligee that the obligation of the
obligor thereof will be paid or discharged, or any agreement relating thereto will be complied
with, or the holders thereof will be protected (in whole or in part) against loss in respect
thereof; provided that such obligation shall not be deemed Indebtedness unless the
underlying obligation would be deemed Indebtedness; (ix) any liability of such Person for an
obligation of another through any agreement (contingent or otherwise) (a) to purchase, repurchase
or otherwise acquire such obligation or any security therefor, or to provide funds for the payment
or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital
contributions or

13

 

otherwise) or (b) to maintain the solvency or any balance sheet item, level of income or
financial condition of another if, in the case of any agreement described under subclauses (a) or
(b) of this clause (ix), the primary purpose or intent thereof is as described in clause (viii)
above; provided that such obligation shall not be deemed Indebtedness unless the underlying
obligation would be deemed Indebtedness; and (x) all net obligations of such Person in respect of
any exchange traded or over the counter derivative transaction, including, without limitation, any
Interest Rate Agreement, Currency Agreement or Commodity Agreement, whether entered into for
hedging or speculative purposes; provided, in no event shall obligations under any Interest
Rate Agreement, any Currency Agreement or Commodity Agreement be deemed “Indebtedness” for any
purpose under Section 6.8.

          “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses,
damages (including natural resource damages), penalties, claims (including Environmental Claims),
reasonable out-of-pocket costs (including the costs of any Remedial Action necessary to remove,
remediate, clean up or abate any Hazardous Materials Activity), reasonable out-of-pocket expenses
and disbursements of any kind or nature whatsoever (including the reasonable out-of-pocket fees and
disbursements of counsel for Indemnitees in connection with any investigative, administrative or
judicial proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall
be designated as a party or a potential party thereto, and any fees or expenses incurred by
Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and whether
based on any federal, state or foreign laws, statutes, rules or regulations (including securities
and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or
equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted
against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement or the
other Credit Documents or the transactions contemplated hereby or thereby (including the Lenders’
agreement to make the Credit Extension or the use or intended use of the proceeds thereof, or any
enforcement of any of the Credit Documents (including the enforcement of the Guaranty or the
Sponsor Guaranties)); (ii) the statements contained in the engagement letter between GSCP,
Coffeyville Resources and AcquisitionCo with respect to the transactions contemplated by this
Agreement; or (iii) any Environmental Claim or any Hazardous Materials Activity relating to or
arising from, directly or indirectly, any past or present activity, operation, land ownership, or
practice of Holdings or any of its Subsidiaries.

          “Indemnitee” as defined in Section 10.3.

          “Interest Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i)
Consolidated Adjusted EBITDA (as defined in the Opco Secured Credit Agreement) for the four-Fiscal
Quarter period then ended, to (ii) Consolidated Cash Interest Expense (as defined in the Opco
Secured Credit Agreement) for such four-Fiscal Quarter period.

          “Interest Period” means in connection with a Eurodollar Rate Loan, an interest period of one-,
two- or three-months as selected by Company in the Funding Notice or Conversion/Continuation
Notice, (x) initially, commencing on the Credit Date or Conversion/Continuation Date thereof, as
the case may be; and (y) thereafter, commencing on the day on which the immediately preceding
Interest Period expires; provided, (a) if an Interest Period would otherwise expire on a
day that is not a Business Day, such Interest Period shall expire on

14

 

the next succeeding Business Day unless no further Business Day occurs in such month, in which
case such Interest Period shall expire on the immediately preceding Business Day; (b) any Interest
Period that begins on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such Interest Period) shall,
subject to clauses (c) and (d), of this definition, end on the last Business Day of a calendar
month; and (c) no Interest Period with respect to any portion of any Term Loan shall extend beyond
the Term Loan Maturity Date.

          “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement,
interest rate collar agreement, interest rate hedging agreement or other similar agreement or
arrangement, each of which is for the purpose of hedging the interest rate exposure associated with
Coffeyville Resources’s and its Subsidiaries’ operations and not for speculative purposes.

          “Interest Rate Determination Date” means, with respect to any Interest Period, the date that
is two Business Days prior to the first day of such Interest Period.

          “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof
and from time to time hereafter, and any successor statute.

          “Investment” means (i) any direct or indirect purchase or other acquisition by AcquisitionCo
or any of its Subsidiaries of, or of a beneficial interest in, any of the Securities of any other
Person (other than Company, Holdings or Coffeyville Resources or their Subsidiaries); (ii) any
direct or indirect redemption, retirement, purchase or other acquisition for value, by
AcquisitionCo or any of its Subsidiaries from any Person, of any Capital Stock of such Person
(other than Company, Holdings or Coffeyville Resources or their Subsidiaries); and (iii) any direct
or indirect loan, advance (other than advances to employees for moving, entertainment and travel
expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital
contribution by AcquisitionCo or any of its Subsidiaries to any other Person (other than Company,
Holdings or Coffeyville Resources or their Subsidiaries), including all indebtedness and accounts
receivable from that other Person that are not current assets or did not arise from sales to that
other Person in the ordinary course of business. The amount of any Investment shall be the original
cost of such Investment plus the cost of all additions thereto, net of any repayments, interest,
returns, profits, distributions, income and similar amounts actually received in cash in respect of
any such Investment, without any adjustments for increases or decreases in value, or write-ups,
write-downs or write-offs with respect to such Investment.

          “IPO” a registered initial public offering of voting Capital Stock of Coffeyville Resources,
any Holdings, any direct or indirect parent of any Holdings, Company or any Parent.

          “Lender” means each financial institution listed on the signature pages hereto as a Lender and
any other Person that becomes a party hereto pursuant to an Assignment Agreement.

          “Lender Counterparty” as defined in the Existing Credit Agreement.

          “LIBOR” means, with respect to any Eurodollar Rate Loan for any Interest Period, the rate per
annum (rounded to the nearest 1/100 of 1%) determined by the

15

 

Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two
Business Days prior to the beginning of the relevant Interest Period by reference to the British
Bankers’ Association Interest Settlement Rates for deposits in Dollars (as such rate appears on the
page of the Reuters Screen which displays an average British Bankers Association Interest
Settlement Rate (such page currently being LIBOR01 page)) for a period equal to such Interest
Period; provided that, to the extent that an interest rate is not ascertainable pursuant to
the foregoing provisions of this definition, the “LIBOR” shall be the interest rate per annum
determined by the Administrative Agent to be the average of the rates per annum at which deposits
in Dollars are offered for such relevant Interest Period to major banks in the London interbank
market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on
the date that is two Business Days prior to the beginning of such Interest Period.

          “Lien” means any lien, mortgage, pledge, assignment, security interest, charge or encumbrance
of any kind (including any agreement to give any of the foregoing, any conditional sale or other
title retention agreement, and any lease in the nature thereof) and any option, trust or other
preferential arrangement having the practical effect of any of the foregoing.

          “Loan” means a Term Loan.

          “Management Agreement” means, collectively, each of those certain Management Agreements, dated
as of the June 24, 2005, by and between each Sponsor and Holdings, as such agreements may be
amended or modified in accordance with the terms and provisions hereof.

          “Managing GP” means CVR GP, LLC, a Delaware limited liability company.

          “Margin Stock” as defined in Regulation U of the Board of Governors of the Federal Reserve
System as in effect from time to time.

          “Material Adverse Effect” means a material adverse effect on and/or material adverse
developments with respect to (i) the properties, business, assets, liabilities, condition
(financial or otherwise) or results of operation of AcquisitionCo, Company and their respective
Subsidiaries taken as a whole; (ii) the ability of any Credit Party to fully and timely perform its
Obligations; (iii) the legality, validity, binding effect or enforceability against a Credit Party
of a Credit Document to which it is a party; or (iv) the rights, remedies and benefits, available
to, or conferred upon, the Administrative Agent or any Lender under the Credit Documents.

          “Material Contract” means any contract or other arrangement to which AcquisitionCo or any of
its Subsidiaries is a party (other than the Credit Documents) for which breach, nonperformance,
cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect,
including, without limitation, the Swap Agreement.

          “MergerSub 1” means CVR MergerSub 1, Inc., a Delaware corporation which will be wholly-owned
by CVR.

          “MergerSub 2” means CVR MergerSub 2, Inc., a Delaware corporation which will be wholly-owned
by CVR.

16

 

          “Minority Investments” means any Person (other than a Subsidiary) in which AcquisitionCo or
any of its Subsidiaries own capital stock or other equity interests.

          “MLP” means CVR Partners, LP, a Delaware limited partnership.

          “MLP Reorganization” means (a) the formation of the MLP, the Managing GP and the Special GP by
Coffeyville Resources; (b) the contribution by Coffeyville Resources of the assets of Coffeyville
Resources Nitrogen Fertilizers, LLC to the MLP in consideration for a contribution by the MLP of
interests in the MLP to the Special GP and the Managing GP; (c) the sale by the Coffeyville
Resources of the Capital Stock of the Managing GP to Acquisition III LLC in accordance with Section
6.9(c); and (d) the Restricted Payment made by the Coffeyville Resources to the Sponsors in
connection with the acquisition of the Capital Stock of the Managing GP made in accordance with
Section 6.5(a)(vii).

          “Moody’s” means Moody’s Investor Services, Inc.

          “Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as
defined in Section 3(37) of ERISA.

          “NAIC” means The National Association of Insurance Commissioners, and any successor thereto.

          “Narrative Report” means, with respect to the financial statements for which such narrative
report is required, a narrative report describing the operations of Coffeyville Resources and its
Subsidiaries in the form prepared for presentation to senior management thereof for the applicable
month, Fiscal Quarter or Fiscal Year and for the period from the beginning of the then current
Fiscal Year to the end of such period to which such financial statements relate.

          “New Term Loans” as defined in the Existing Credit Agreement.

          “Non-US Lender” as defined in Section 2.20(c).

          “Nonpublic Information” means information which has not been disseminated in a manner making
it available to investors generally, within the meaning of Regulation D.

          “Note” means a Term Loan Note.

          “Notice” means a Funding Notice or a Conversion/Continuation Notice.

          “Obligations” means all obligations of every nature of each Credit Party from time to time
owed to the Administrative Agent (including former Administrative Agents), including, without
limitation, any fees under Section 2.11, the Lenders or any of them, under any Credit Document,
whether for principal, interest (including interest which, but for the filing of a petition in
bankruptcy with respect to such Credit Party, would have accrued on any Obligation, whether or not
a claim is allowed against such Credit Party for such interest in the related bankruptcy
proceeding), fees, expenses, indemnification or otherwise.

17

 

          “Obligee Guarantor” as defined in Section 7.7.

          “Opco Secured Credit Agreement” means the Secured Credit and Guaranty Agreement, dated as of
August 23, 2007, among Coffeyville Resources, the guarantors party thereto, the lenders party
thereto from time to time and GSCP, as sole lead arranger, sole bookrunner, administrative agent
and collateral agent.

          “Opco Unsecured Credit Agreement” means the Unsecured Credit and Guaranty Agreement, dated as
of August 23, 2007, among Coffeyville Resources, the guarantors party thereto, the lenders party
thereto from time to time and GSCP, as sole lead arranger, sole bookrunner and administrative
agent.

          “Organizational Documents” means (i) with respect to any corporation, its certificate or
articles of incorporation or organization, as amended, and its by-laws, as amended, (ii) with
respect to any limited partnership, its certificate of limited partnership, as amended, and its
partnership agreement, as amended, (iii) with respect to any general partnership, its partnership
agreement, as amended, and (iv) with respect to any limited liability company, its articles of
organization, as amended, and its operating agreement, as amended. In the event any term or
condition of this Agreement or any other Credit Document requires any Organizational Document to be
certified by a secretary of state or similar governmental official, the reference to any such
“Organizational Document” shall only be to a document of a type customarily certified by such
governmental official.

          “Parent” means AcquisitionCo and any direct or indirect parent of AcquisitionCo or any
corporation or other entity into which AcquisitionCo may be merged or consolidated prior to or in
connection with an IPO or which otherwise may be formed by AcquisitionCo and which owns directly or
indirectly all of the Capital Stock of Holdings, including CVR Energy, Inc and, for the avoidance
of doubt, Mr. John J. Lipinski.

          “Partnership Agreement” means that certain Agreement of Limited Partnership of CVR Partners,
L.P., entered into among the Managing GP, the Special GP, and Coffeyville Resources, dated on or
about August 22, 2007.

          “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto.

          “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is
subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA.

          “Permitted Cure Securities” means equity Securities of (i) prior to an initial registered
public offering, AcquisitionCo and (ii) after an initial registered public offering, CVR, having no
mandatory redemption, repurchase, repayment or similar requirements prior to the date which occurs
six (6) months after the final maturity date of Tranche D Term Loans (as defined under Existing
Credit Agreement) and upon which all dividends or distributions, at the election of AcquisitionCo,
may be payable in additional shares of such Security.

          “Permitted Liens” means each of the Liens permitted pursuant to Section 6.2.

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          “Person” means and includes natural persons, corporations, limited partnerships, general
partnerships, limited liability companies, limited liability partnerships, joint stock companies,
joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business
trusts or other organizations, whether or not legal entities, and Governmental Authorities.

          “Phase I Report” means, with respect to any Facility, a report that (i) conforms to the ASTM
Standard Practice for Environmental Site Assessments, E 1527-00 or, if reasonably requested by the
Administrative Agent, USEPA’s standards for “All Appropriate Inquiry”, (ii) was conducted no more
than six months prior to the date such report is required to be delivered hereunder by one or more
environmental consulting firms reasonably satisfactory to Administrative Agent, and (iii) if
reasonably requested by the Administrative Agent, contains (a) an assessment of asbestos-containing
materials at such Facility, (b) an estimate of the reasonable worst-case cost of investigating and
remediating any Hazardous Materials or Hazardous Materials Activity identified as giving rise to an
actual or potential material violation of any Environmental Law or as presenting a material risk of
giving rise to a material Environmental Claim, and (c) an assessment of Holdings’, its
Subsidiaries’ and the Facility’s current and past compliance with Environmental Laws and an
estimate of the cost of rectifying any non-compliance with current Environmental Laws identified
therein and the cost of compliance with reasonably anticipated future Environmental Laws identified
therein; provided, however, that for items (iii)(b) and (iii)(c) above, the report
need only provide cost estimates for matters that could reasonably be expected to result in
liability to or expenditures by Holdings or its Subsidiaries in excess of $1,500,000.

          “Pipeline” means Coffeyville Pipeline, Inc., a Delaware corporation.

          “Platform” as defined in Section 5.1(r).

          “Principal Office” as set forth on Appendix B, or such other office or office of a third party
or sub-agent, as appropriate, as such Person may from time to time designate in writing to Company,
Administrative Agent and each Lender.

          “Pro Rata Share” means with respect to all payments, computations and other matters relating
to the Term Loan of any Lender, the percentage obtained by dividing (a) the Term Loan Exposure of
that Lender by (b) the aggregate Term Loan Exposure of all Lenders.

          “Projections” as defined in Section 4.8.

          “Qualified IPO Proceeds” as defined in Section 2.14(e).

          “RCRA Administrative Orders” means (a) the Administrative Order on Consent between the Seller
and the EPA dated October 21, 1994 pursuant to RCRA Docket No. VII-94-H-0020; and (b) the
Administrative Order on Consent between the Seller and the EPA dated January 12, 1996 pursuant to
RCRA Docket No. VII-95-H-0011, in each case including any subsequent amendments thereto.

          “Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or
otherwise) then owned by any Credit Party in any real property.

19

 

          “Refining” means Coffeyville Refining and Marketing, Inc., a Delaware corporation.

          “Register” as defined in Section 2.7(b).

          “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System, as
in effect from time to time.

          “Related Agreements” means, collectively, the Swap Agreement, the Management Agreement and the
Partnership Agreement.

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

          “Release” means any release, spill, emission, leaking, pumping, pouring, injection, escaping,
deposit, disposal, discharge, dispersal, dumping, leaching or migration of any Hazardous Material
into or through the indoor or outdoor environment.

          “Remedial Action” means all actions taken to (i) clean up, remove, remediate, contain, treat,
monitor, assess, evaluate or in any other way address Hazardous Materials in the environment; (ii)
perform pre-remedial studies and investigations and post-remedial operation and maintenance
activities; or (iii) any response actions authorized by 42 U.S.C. 9601 et. seq. or applicable state
law.

          “Replacement Lender” as defined in Section 2.23.

          “Requisite Lenders” means one or more Lenders having or holding Term Loan Exposure
representing more than 50% of the sum of the aggregate Term Loan Exposure of all Lenders.

          “Restricted Junior Payment” means (i) any dividend or other distribution, direct or indirect,
on account of any shares of any class of stock of AcquisitionCo or Company now or hereafter
outstanding, except a dividend or other distribution payable solely in shares of Capital Stock;
(ii) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options
or other rights to acquire shares of any class of stock of AcquisitionCo or Company now or
hereafter outstanding; and (iii) management or similar fees payable to Sponsors or any of its
Affiliates.

          “Revolving Commitment” as defined in the Existing Credit Agreement.

          “Revolving Loan” as defined in the Existing Credit Agreement.

          “S&P” means Standard & Poor’s Ratings Group, a division of The McGraw Hill Corporation.

          “Securities” means any stock, shares, partnership interests, voting trust certificates,
certificates of interest or participation in any profit-sharing agreement or

20

 

arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness,
secured or unsecured, convertible, subordinated or otherwise, or in general any instruments
commonly known as “securities” or any certificates of interest, shares or participations in
temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to,
purchase or acquire, any of the foregoing.

          “Securities Act” means the Securities Act of 1933, as amended from time to time, and any
successor statute.

          “Seller” means Coffeyville Group Holdings, LLC.

          “Settlement Confirmation” as defined in Section 10.6(b).

          “Settlement Service” as defined in Section 10.6(d).

          “Significant Subsidiary” means any Subsidiary of AcquisitionCo now existing or hereafter
acquired or formed which, on a consolidated basis for such Subsidiary and all of its Subsidiaries,
(i) for the period of the most recent four full Fiscal Quarters of AcquisitionCo accounted for more
than 5% of the total consolidated revenues of AcquisitionCo and its Subsidiaries for such period or
(ii) as at the end of the most recent Fiscal Year, was the owner of more than 5% of the total
consolidated assets of AcquisitionCo and its Subsidiaries as at the end of such Fiscal Year;
provided that each of Coffeyville Resources Nitrogen Fertilizers, LLC, Coffeyville Refining
& Marketing, LLC and Coffeyville Resources Crude Transportation, LLC shall be a Significant
Subsidiary.

          “Solvency Certificate” means a Solvency Certificate of the chief financial officer of
AcquisitionCo substantially in the form of Exhibit G-2.

          “Solvent” means, with respect to any Credit Party, that as of the date of determination, both
(i) (a) the sum of such Credit Party’s debt (including contingent liabilities) does not exceed the
present fair saleable value of such Credit Party’s present assets; (b) such Credit Party’s capital
is not unreasonably small in relation to its business; and (c) such Person has not incurred and
does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts
beyond its ability to pay such debts as they become due; and (ii) such Person is “solvent” within
the meaning given that term and similar terms under applicable laws relating to fraudulent
transfers and conveyances. For purposes of this definition, the amount of any contingent liability
at any time shall be computed as the amount that, in light of all of the facts and circumstances
existing at such time, represents the amount that can reasonably be expected to become an actual or
matured liability (irrespective of whether such contingent liabilities meet the criteria for
accrual under Statement of Financial Accounting Standard No. 5).

          “Special GP” means CVR Special GP, LLC, a Delaware limited liability company.

          “Sponsor Guaranties” means each of the guaranties, dated the Closing Date from (i) GS Capital
Partners V Fund, L.P. and (ii) Kelso & Company, L.P., in the form of Exhibits I-1 and I-2 hereto,
respectively.

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          “Sponsors” means each of (i) GS Capital Partners V Fund, L.P. and its Affiliates (excluding
portfolio companies) and (ii) Kelso & Company, L.P. and its Affiliates (excluding portfolio
companies), and “Sponsors” shall refer collectively to the Persons referred to in clauses (i) and
(ii).

          “Subject Transaction” as defined in Section 6.8(d).

          “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than 50% of
the total voting power of shares of stock or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to
direct or cause the direction of the management and policies thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person or a combination thereof; provided, in determining the percentage of ownership
interests of any Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding. For purposes hereof,
except where otherwise expressly set forth herein, Company shall be deemed a Subsidiary of
AcquisitionCo.

          “Swap Agreement” means the ISDA Master Agreement dated as of June 24, 2005 by and between J.
Aron & Company (or any other subsidiary of The Goldman Sachs Group, Inc. that succeeds to J. Aron &
Company) and Coffeyville Resources (including the schedules and any credit annex thereto and the
confirmations thereunder, including, without limitation, any confirmations entered into after the
Closing Date), pursuant to which the parties thereto have entered into certain commodity price
derivative transactions, as each may be amended, restated, supplemented or otherwise modified from
time to time to the extent permitted herein.

          “Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction
or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever
imposed, levied, collected, withheld or assessed.

          “Term Loan” means a Term Loan made by a Lender to Company pursuant to Section 2.1(a).

          “Term Loan Commitment” means the commitment of a Lender to make or otherwise fund a Term Loan.

          “Term Loan Commitment Period” means the period from the Closing Date to but excluding the Term
Loan Commitment Termination Date.

          “Term Loan Commitment Termination Date” means the earlier to occur of (i) the Term Loan
Maturity Date and (ii) the consummation of a registered initial public offering or secondary
registered offering of voting Capital Stock of any Holdings, any Subsidiary of Holdings, any
Subsidiary of AcquisitionCo that is the direct or indirect owner of any equity interests in any
Holdings or any Parent.

22

 

          “Term Loan Exposure” means, with respect to any Lender as of any date of determination, the
sum of (a) the available and unused Term Loan Commitment of that Lender and (b) the aggregate
outstanding principal amount of the Term Loans of that Lender.

          “Term Loan Maturity Date” means the earlier to occur of (i) (A) January 31, 2008 or (B) if an
initial public offering shall occur on or prior to January 31, 2008, 364 days after the Closing
Date, and (ii) the date that all Term Loans shall become due and payable in full hereunder, whether
by acceleration or otherwise.

          “Term Loan Note” means a promissory note in the form of Exhibit B, as it may be amended,
supplemented or otherwise modified from time to time.

          “Term Loan Repayment Amount” as defined in the Existing Credit Agreement.

          “Terminal” means Coffeyville Terminal, Inc., a Delaware corporation.

          “Terminated Lender” as defined in Section 2.23.

          “Total Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter or other date
of determination of (i) Consolidated Total Debt (as defined in the Opco Secured Credit Agreement)
as of such day to (ii) Consolidated Adjusted EBITDA (as defined in the Opco Secured Credit
Agreement) for the four-Fiscal Quarter period ending on such date (or if such date of determination
is not the last day of a Fiscal Quarter, for the four-Fiscal Quarters period ending as of the most
recently concluded Fiscal Quarter).

          “Transaction Costs” means the fees, costs and expenses payable by AcquisitionCo or any of
AcquisitionCo’s Subsidiaries on or before the Closing Date in connection with the transactions
contemplated by the Credit Documents and other credit documents related thereto.

          “Transportation” means Coffeyville Crude Transportation, Inc., a Delaware corporation.

          “Type of Loan” means a Base Rate Loan or a Eurodollar Rate Loan.

          “UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in
effect in any applicable jurisdiction.

          “Unadjusted Eurodollar Rate Component” means that component of the interest costs to Company
in respect of a Eurodollar Rate Loan that is based upon the rate obtained pursuant to clause (i) of
the definition of Adjusted Eurodollar Rate.

          “Underwriting Fees” as defined in Section 2.14(e).

     1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not otherwise defined
herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and
other information required to be delivered by Company to Lenders pursuant to
Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP

23

 

as in effect at
the time of such preparation (and delivered together with the reconciliation statements provided
for in Section 5.1(e), if applicable). If at any time any change in GAAP would affect the
computation of any financial ratio or requirement set forth in any Credit Document, and Company
shall so request, Administrative Agent and Company shall negotiate in good faith to amend such
ratio or requirement to preserve the original intent thereof in light of such change in GAAP
(subject to the approval of Requisite Lenders), provided that, until so amended, such ratio
or requirement shall continue to be computed in accordance with GAAP prior to such change therein
and Company shall provide to Administrative Agent and Lenders reconciliation statements provided
for in Section 5.1(e).

     1.3. Interpretation, etc. Any of the terms defined herein may, unless the context otherwise requires, be used in the
singular or the plural, depending on the reference. References herein to any Section, Appendix,
Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may
be, hereof unless otherwise specifically provided. The use herein of the word “include” or
“including”, when following any general statement, term or matter, shall not be construed to limit
such statement, term or matter to the specific items or matters set forth immediately following
such word or to similar items or matters, whether or not no limiting language (such as “without
limitation” or “but not limited to” or words of similar import) is used with reference thereto, but
rather shall be deemed to refer to all other items or matters that fall within the broadest
possible scope of such general statement, term or matter.

SECTION 2. LOANS

     2.1. Term Loans.

               (a) Loan Commitments. During the Term Loan Commitment Period, subject to
the terms and conditions hereof, each Lender severally agrees to make Term Loans to
Company in an aggregate amount up to but not exceeding such Lender’s Term Loan Commitment.
Each Lender’s Term Loan Commitment shall be permanently reduced by the amount of each
Term Loan made by such Lender to Company. Any amount borrowed under this Section 2.1(a)
and subsequently repaid or prepaid may not be reborrowed. Each Lender’s Term Loan
Commitment shall expire on the Term Loan Commitment Termination Date. Subject to Sections
2.13(a) and 2.14, all amounts owed hereunder with respect to the Term Loans shall be paid
in full no later than the Term Loan Maturity Date.

               (b) Borrowing Mechanics for the Term Loans.

               (i) Whenever Company desires that Lenders make Term Loans, Company shall deliver to
Administrative Agent a telephonic notice promptly (and in any event prior to the actual
Credit Extension) followed by a fully executed and delivered Funding Notice no later than
1:00 p.m. (New York City time) at least three Business Days in advance of the proposed
Credit Date in the case of a Eurodollar Rate Loan, and
at least one Business Day in advance of the proposed Credit Date in the case of a Base
Rate Loan. Except as otherwise provided herein, a Funding Notice for a Eurodollar Rate

24

 

Loan shall be irrevocable on and after the related Interest Rate Determination Date, and Company
shall be bound to make a borrowing in accordance therewith.

               (ii) Notice of receipt of each Funding Notice, together with the amount of each
Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, shall
be provided by Administrative Agent to each applicable Lender with reasonable promptness, on
the date of receipt of such Funding Notice.

               (iii) Each Lender shall make the amount of its Term Loan available to Administrative
Agent not later than 12:00 p.m. (New York City time) on the applicable Credit Date by wire
transfer of same day funds in Dollars, at the Principal Office designated by Administrative
Agent. Except as provided herein, upon satisfaction or waiver of the conditions precedent
specified herein, Administrative Agent shall make the proceeds of such Term Loans available
to Company on the applicable Credit Date by causing an amount of same day funds in Dollars
equal to the proceeds of all such Term Loans received by Administrative Agent from Lenders
to be credited to the account of Company at the Principal Office designated by
Administrative Agent or such other account as may be designated in writing to Administrative
Agent by Company.

               (iv) Term Loans shall be made in an aggregate minimum amount of $5,000,000 and
integral multiples of $500,000 in excess of that amount.

     2.2. [Reserved].

     2.3. [Reserved].

     2.4. [Reserved].

     2.5. Pro Rata Shares; Availability of Funds.

               (a) Pro Rata Shares. All Loans shall be made, and all participations
purchased, by Lenders simultaneously and proportionately to their respective Pro Rata
Shares, it being understood that no Lender shall be responsible for any default by any
other Lender in such other Lender’s obligation to make a Loan requested hereunder or
purchase a participation required hereby nor shall any Term Loan Commitment of any Lender
be increased or decreased as a result of a default by any other Lender in such other
Lender’s obligation to make a Loan requested hereunder or purchase a participation
required hereby.

               (b) Availability of Funds. Unless Administrative Agent shall have been
notified by any Lender prior to the applicable Credit Date that such Lender does not
intend to make available to Administrative Agent the amount of such Lender’s
Loan requested on such Credit Date, Administrative Agent may assume that such Lender
has made such amount available to Administrative Agent on such Credit Date and
Administrative Agent may, in its sole discretion, but shall not be obligated to, make
available to Company a corresponding amount on such Credit Date. If such corresponding
amount is not in fact made available to Administrative Agent by such Lender,
Administrative Agent shall be entitled to recover such corresponding amount

25

 

on demand from
such Lender together with interest thereon, for each day from such Credit Date until the
date such amount is paid to Administrative Agent, at the customary rate set by
Administrative Agent for the correction of errors among banks for three Business Days and
thereafter at the Base Rate. If such Lender does not pay such corresponding amount
forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly
notify Company and Company shall immediately pay such corresponding amount to
Administrative Agent together with interest thereon, for each day from such Credit Date
until the date such amount is paid to Administrative Agent, at the rate payable hereunder
for Base Rate Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender
from its obligation to fulfill its Term Loan Commitments hereunder or to prejudice any
rights that Company may have against any Lender as a result of any default by such Lender
hereunder.

     2.6. Use of Proceeds. The proceeds of the Term Loans shall be contributed by Company as common equity to
Holdings, contributed by Holdings as common equity to Coffeyville Resources and used by Coffeyville
Resources for working capital and general corporate purposes of Coffeyville Resources and its
Subsidiaries. No portion of the proceeds of any Credit Extension shall be used in any manner that
causes or might cause such Credit Extension or the application of such proceeds to violate
Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System
or any other regulation thereof or to violate the Exchange Act.

     2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes.

               (a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal
records an account or accounts evidencing the Obligations of Company to such Lender,
including the amounts of the Loans made by it and each repayment and prepayment in respect
thereof. Any such recordation shall be conclusive and binding on Company, absent manifest
error; provided, that the failure to make any such recordation, or any error in
such recordation, shall not affect the Company’s Obligations in respect of any applicable
Loans; and provided further, in the event of any inconsistency between the
Register and any Lender’s records, the recordations in the Register shall govern.

               (b) Register. Administrative Agent (or its agent or sub-agent appointed by
it) shall maintain at the Principal Office a register for the recordation of the names and
addresses of Lenders and the Term Loans and Term Loan Commitments of each Lender from time
to time (the “Register”). The Register, as in effect at the close of business on the
preceding Business Day, shall be available for inspection by Company or any Lender at any
reasonable time and from time to time upon reasonable prior
notice. Administrative Agent shall record, or shall cause to be recorded, in the
Register the Term Loan Commitment and Term Loans in accordance with the provisions of
Section 10.6, and each repayment or prepayment in respect of the principal amount of the
Loans, and any such recordation shall be conclusive and binding on Company and each
Lender, absent manifest error; provided, that the failure to make any such
recordation, or any error in such recordation, shall not affect any Lender’s Term Loan
Commitments or Company’s Obligations in respect of any Loan. Company hereby

26

 

designates
GSCP to serve as Company’s agent solely for purposes of maintaining the Register as
provided in this Section 2.7, and Company hereby agrees that, to the extent GSCP serves in
such capacity, GSCP and its officers, directors, employees, agents, sub-agents and
affiliates shall constitute “Indemnitees.”

               (c) Notes. If so requested by any Lender by written notice to Company
(with a copy to Administrative Agent) at least two Business Days prior to the Closing
Date, or at any time thereafter, Company shall execute and deliver to such Lender (and/or,
if applicable and if so specified in such notice, to any Person who is an assignee of such
Lender pursuant to Section 10.6) on the Closing Date (or, if such notice is delivered
after the Closing Date, promptly after Company’s receipt of such notice) a Note or Notes
to evidence such Lender’s Term Loan.

     2.8. Interest on Loans.

               (a) Except as otherwise set forth herein, the Loan shall bear interest on the
unpaid principal amount thereof from the date made through repayment (whether by
acceleration or otherwise) thereof as follows:

               (i) if a Base Rate Loan, at the Base Rate plus the Applicable Margin; or

               (ii) if a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable
Margin:

provided, that, such interest in clauses (i) and (ii) above shall be, at the Company’s
option, capitalized, compounded and added to the unpaid principal amount of the Term Loans
on the last day of each Interest Period; provided, further, with respect to Base Rate Loans,
interest shall be, at the Company’s option, capitalized, compounded and added to the unpaid
principal amount of the Term Loans at the end of each Fiscal Quarter.

               (b) The basis for determining the rate of interest with respect to any Loan, and
the Interest Period with respect to any Eurodollar Rate Loan, shall be selected by Company
and notified to Administrative Agent and Lenders pursuant to the applicable Funding Notice
or the applicable Conversion/Continuation Notice, as the case may be; provided, on the
Closing Date, the Term Loans shall be maintained as either (1) Eurodollar Rate Loans
having an Interest Period of no longer than one month or (2) Base Rate Loans. If on any
day a Loan is outstanding with respect to which a Funding Notice or a
Conversion/Continuation Notice has not been delivered to Administrative Agent in
accordance with the terms hereof specifying the applicable
basis for determining the rate of interest, then for that day such Loan shall be
continued as a Base Rate Loan.

               (c) In connection with Eurodollar Rate Loans there shall be no more than five (5)
Interest Periods outstanding at any time. In the event Company fails to specify between a
Base Rate Loan or a Eurodollar Rate Loan in the applicable Funding Notice or the
applicable Conversion/Continuation Notice, such Loan (if outstanding as a Eurodollar Rate
Loan) will be automatically converted into a Base Rate Loan on the last day of the
then-current Interest Period for such Loan (or if outstanding as a Base

27

 

Rate Loan will
remain as, or (if not then outstanding) will be made as, a Base Rate Loan). In the event
Company fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable
Funding Notice or the applicable Conversion/Continuation Notice, Company shall be deemed
to have selected an Interest Period of one month. As soon as practicable on each Interest
Rate Determination Date, Administrative Agent shall determine (which determination shall,
absent manifest error, be final, conclusive and binding upon all parties) the interest
rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then
being determined for the applicable Interest Period and shall promptly give notice thereof
(in writing or by telephone confirmed in writing) to Company and each Lender.

               (d) Interest payable pursuant to Section 2.8(a) shall be computed (i) in the case
of Base Rate Loans on the basis of a 365-day or 366-day year, as the case may be, and (ii)
in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the
actual number of days elapsed in the period during which it accrues. In computing
interest on any Loan, the date of the making of such Loan or the first day of an Interest
Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a
Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base
Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or
the expiration date of an Interest Period applicable to such Loan or, with respect to a
Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such
Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded;
provided, if a Loan is repaid on the same day on which it is made, one day’s
interest shall be paid on that Loan.

               (e) Except as otherwise set forth herein, interest on each Loan shall accrue on a
daily basis and shall be payable in arrears (i) on the Term Loan Maturity Date and (ii)
upon any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on
the amount being prepaid.

     2.9. Conversion/Continuation.

               (a) Subject to Section 2.18 and so long as no Default or Event of Default shall have
occurred and then be continuing, Company shall have the option:

               (i) to convert at any time all or any part of any Term Loan equal to $1,000,000 and
integral multiples of $1,000,000 in excess of that amount from one Type
of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be
converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan
unless Company shall pay all amounts due under Section 2.18 in connection with any such
conversion; or

               (ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate
Loan, to continue all or any portion of such Loan equal to $1,000,000 and integral multiples
of $1,000,000 in excess of that amount as a Eurodollar Rate Loan.

28

 

               (b) Company shall deliver a Conversion/Continuation Notice to Administrative Agent
no later than 10:00 a.m. (New York City time) at least one Business Day in advance of the
proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least
three Business Days in advance of the proposed conversion/continuation date (in the case
of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise
provided herein, a Conversion/Continuation Notice for conversion to, or continuation of,
any Eurodollar Rate Loans (or telephonic notice in lieu thereof) shall be irrevocable on
and after the related Interest Rate Determination Date, and Company shall be bound to
effect a conversion or continuation in accordance therewith.

     2.10. Default Interest. Upon the occurrence and during the continuance of an Event of Default, to the extent
permitted by applicable law, any overdue amounts owed hereunder, shall thereafter bear interest
(including post-petition interest in any proceeding under the Bankruptcy Code or other applicable
bankruptcy laws) payable on demand at a rate that is 2% per annum in excess of the interest rate
otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees
and other amounts, at a rate which is 2% per annum in excess of the interest rate otherwise payable
hereunder for Base Rate Loans) (which interest shall be, at the Company’s option, capitalized,
compounded and added to the unpaid principal amount of the Term Loans); provided, in the
case of Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time any
such increase in interest rate is effective such Eurodollar Rate Loans shall thereupon become Base
Rate Loans and shall thereafter bear interest payable upon demand at a rate which is 2% per annum
in excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or
acceptance of the increased rates of interest provided for in this Section 2.10 is not a permitted
alternative to timely payment and shall not constitute a waiver of any Event of Default or
otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender.

     2.11. Fees.

               (a) Company agrees to pay to Lenders having outstanding Term Loan Commitments
commitment fees equal to (1) the daily average unused amount of the Term Loan Commitments,
times (2) 1.00% per annum.

               (b) All fees referred to in Sections 2.11(a) shall be calculated on the basis of a
360 day year and the actual number of days elapsed and shall be, at the
Company’s option, capitalized, compounded and added to the unpaid principal amount of
the Term Loans, in each case quarterly in arrears, on the first Business Day of each
April, July, October, and January 1 of each year during the Term Loan Commitment Period,
commencing on the first Business Day of October 2007.

               (c) In addition to any of the foregoing fees, Company agrees to pay to the
Administrative Agent such other fees in the amounts and at the times separately agreed
upon.

     2.12. Repayment. The Term Loans, together with all other amounts owed hereunder with respect thereto, shall
be paid in full in cash on the Term Loan Maturity Date.

29

 

     2.13. Voluntary Prepayments/Commitment Reductions.

               (a) Voluntary Prepayments.

               (i) Any time and from time to time: with respect to Base Rate Loans or Eurodollar
Rate Loans, Company may prepay any such Loans on any Business Day in whole or in part, in an
aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of
that amount.

               (ii) All such prepayments shall be made:

               (1) upon not less than one Business Day’s prior written or
telephonic notice in the case of Base Rate Loans; and

               (2) upon not less than three Business Days’ prior written or
telephonic notice in the case of Eurodollar Rate Loans.

in each case given to Administrative Agent by 12:00 p.m. (New York City time) on the date required
and, if given by telephone, promptly confirmed in writing to Administrative Agent (and
Administrative Agent will promptly notify each Lender). Upon the giving of any such notice, the
principal amount of the Loans specified in such notice shall become due and payable on the
prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in
Section 2.15(a).

               (b) Voluntary Commitment Reductions.

               (i) Company may, upon not less than three Business Days’ prior written or telephonic
notice confirmed in writing to Administrative Agent (which original written or telephonic
notice Administrative Agent will promptly transmit by telefacsimile or telephone to each
applicable Lender), at any time and from time to time terminate in whole or permanently
reduce in part, without premium or penalty, the Term Loan Commitments; provided, any
such partial reduction of the Term Loan Commitments shall
be in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in
excess of that amount.

               (ii) Company’s notice to Administrative Agent shall designate the date (which shall
be a Business Day) of such termination or reduction and the amount of any partial reduction,
and such termination or reduction of the Term Loan Commitments shall be effective on the
date specified in Company’s notice and shall reduce the Term Loan Commitment of each Lender
proportionately to its Pro Rata Share thereof.

     2.14. Mandatory Prepayments.

               (a) [Reserved].

               (b) [Reserved].

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               (c) [Reserved].

               (d) [Reserved].

               (e) Issuance of Equity. No later than the first Business Day following the
receipt by any of Parent, Holdings or any of Subsidiary of Parent of any Cash proceeds
from (i) any issuance of Capital Stock (other than a capital contribution by, or the
issuance of any Capital Stock of, Parent, Holdings, or any Subsidiary of Parent to, any
Sponsor) or (ii) any IPO or secondary registered offering of any equity interests of
Parent, Holdings or any of Subsidiary of Parent in the aggregate in excess of $280,000,000
net of Underwriting Fees, Company shall prepay the Term Loans as set forth in Section
2.15(b) in an aggregate amount equal to 100% of such Cash proceeds received for all such
offerings, net of underwriting discounts and commissions and other reasonable costs and
expenses associated therewith, including reasonable legal fees and expenses (“Underwriting
Fees”). All IPO proceeds shall be applied on a cumulative basis in the following order:
(A) first, to prepay the outstanding term loans under the Existing Credit Agreement in
amount not to exceed $280,000,000 net of Underwriting Fees, and (B) second, to prepay the
Term Loans. Notwithstanding the forgoing, if the IPO proceeds shall exceed $280,000,000
(“Qualified IPO Proceeds”) net of Underwriting Fees, Coffeyville Resources may repay the
outstanding Revolving Loans in the amount required to cause the aggregate unused amount of
Revolving Commitments to equal $50,000,000, prior to the prepayment of the Term Loans as
set forth in this clause (e); provided, that the aggregate amount of all such repayments
of Revolving Loans shall not exceed $50,000,000 in the aggregate.

               (f) [Reserved].

               (g) Prepayment Certificate. Concurrently with any prepayment of the Loans
pursuant to Section 2.14(e), Company shall deliver to Administrative Agent a certificate
of an Authorized Officer demonstrating the calculation of the amount of the applicable net
proceeds. In the event that Company shall subsequently determine that the actual amount
received exceeded the amount set forth in such certificate, Company
shall promptly make an additional prepayment of the Loans and Company shall
concurrently therewith deliver to Administrative Agent a certificate of an Authorized
Officer demonstrating the derivation of such excess.

     2.15. Application of Prepayments.

               (a) Application of Prepayments of Loans. Any prepayment of any Term Loan
pursuant to Section 2.13(a) or 2.14(e) shall be applied to reduce the remaining principal
amount of the Term Loans.

               (b) Application of Prepayments of Term Loans to Base Rate Loans and Eurodollar
Rate Loans. Any prepayment of Term Loans shall be applied first to Base Rate Loans to
the full extent thereof before application to Eurodollar Rate Loans, in each case in a
manner which minimizes the amount of any payments required to be made by Company pursuant
to Section 2.18(c).

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     2.16. General Provisions Regarding Payments.

               (a) All payments by Company of principal, interest, fees and other Obligations
shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free
of any restriction or condition, and delivered to Administrative Agent not later than
12:00 p.m. (New York City time) on the date due at the Principal Office designated by
Administrative Agent for the account of Lenders; for purposes of computing interest and
fees, funds received by Administrative Agent after that time on such due date shall be
deemed to have been paid by Company on the next succeeding Business Day.

               (b) All payments in respect of the principal amount of any Loan shall be
accompanied by payment of accrued interest on the principal amount being repaid or prepaid
without premium or penalty subject to Section 2.18(c).

               (c) Administrative Agent (or its agent or sub-agent appointed by it) shall promptly
distribute to each Lender at such address as such Lender shall indicate in writing, such
Lender’s applicable Pro Rata Share of all payments and prepayments of principal and
interest due hereunder, together with all other amounts due thereto, including, without
limitation, all fees payable with respect thereto, to the extent received by
Administrative Agent.

               (d) Notwithstanding the foregoing provisions hereof, if any Conversion/Continuation
Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate
Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent
shall give effect thereto in apportioning payments received thereafter.

               (e) Subject to the provisos set forth in the definition of “Interest Period”,
whenever any payment to be made hereunder with respect to any Loan shall be
stated to be due on a day that is not a Business Day, such payment shall be made on
the next succeeding Business Day and, such extension of time shall be included in the
computation of the payment of interest hereunder.

               (f) Company hereby authorizes Administrative Agent to charge Company’s accounts
with Administrative Agent in order to cause timely payment to be made to Administrative
Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient
funds being available in its accounts for that purpose).

               (g) Administrative Agent shall deem any payment by or on behalf of Company
hereunder that is not made in same day funds prior to 12:00 p.m. (New York City time) to
be a non-conforming payment. Any such payment shall not be deemed to have been received
by Administrative Agent until the later of (i) the time such funds become available funds,
and (ii) the applicable next Business Day. Administrative Agent shall give prompt
telephonic notice to Company and each applicable Lender (confirmed in writing) if any
payment is non-conforming. Any non-conforming payment may constitute or become a Default
or Event of Default in accordance with the

32

 

terms of Section 8.1(a). Interest shall
continue to accrue on any principal as to which a non-conforming payment is made until
such funds become available funds (but in no event less than the period from the date of
such payment to the next succeeding applicable Business Day) at the rate determined
pursuant to Section 2.10 from the date such amount was due and payable until the date such
amount is paid in full.

               (h) If an Event of Default shall have occurred and not otherwise been waived, and
the maturity of the Obligations shall have been accelerated pursuant to Section 8.1, all
payments or proceeds received by the Administrative Agent hereunder in respect of any of
the Obligations, shall be applied : first, to the payment of all costs, expenses
(includes fees of counsel), liabilities and advances made or incurred by the
Administrative Agent in connection herewith, all amounts for which the Administrative
Agent is entitled to indemnification hereunder (in its capacity as the Administrative
Agent and not as a Lender), and to the payment of all costs and expenses paid or incurred
by the Administrative Agent in connection with the exercise of any right or remedy
hereunder; second, to the extent of any excess of such payments or proceeds, to
the payment of all other Obligations for the ratable benefit of the Beneficiaries; and
third, to the extent of any excess of such payments or proceeds, to the payment to
or upon the order of the applicable Credit Party or to whosoever may be lawfully entitled
to receive the same or as a court of competent jurisdiction may direct.

     2.17. Ratable Sharing. Lenders hereby agree among themselves that, if any of them shall, whether by voluntary
payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms
hereof), through the exercise of any right of set-off or banker’s lien, by counterclaim or cross
action or by the enforcement of any right under the Credit Documents or otherwise, or as adequate
protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or
reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts
then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the
“Aggregate Amounts Due” to such Lender) which is
greater than the proportion received by any other Lender in respect of the Aggregate Amounts
Due to such other Lender, then the Lender receiving such proportionately greater payment shall (a)
notify Administrative Agent and each other Lender of the receipt of such payment and (b) apply a
portion of such payment to purchase participations (which it shall be deemed to have purchased from
each seller of a participation simultaneously upon the receipt by such seller of its portion of
such payment) in the Aggregate Amounts Due to the other Lenders so that all such recoveries of
Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to
them; provided, if all or part of such proportionately greater payment received by such
purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of
Company or otherwise, those purchases shall be rescinded and the purchase prices paid for such
participations shall be returned to such purchasing Lender ratably to the extent of such recovery,
but without interest. Company expressly consents to the foregoing arrangement and agrees that any
holder of a participation so purchased may exercise any and all rights of banker’s lien, set-off or
counterclaim with respect to any and all monies owing by Company to that holder with respect
thereto as fully as if that holder were owed the amount of the participation held by that holder.

     2.18. Making or Maintaining Eurodollar Rate Loans.

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               (a) Inability to Determine Applicable Interest Rate. In the event that
Administrative Agent shall have determined (which determination shall be final and
conclusive and binding upon all parties hereto absent manifest error), on any Interest
Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of
circumstances affecting the London interbank market adequate and reasonable means do not
exist for ascertaining the interest rate applicable to such Loans on the basis provided
for in the definition of Adjusted Eurodollar Rate, Administrative Agent shall on such date
give notice (by telefacsimile or by telephone confirmed in writing) to Company and each
Lender of such determination, whereupon (i) no Loans may be made as, or converted to,
Eurodollar Rate Loans until such time as Administrative Agent notifies Company and Lenders
that the circumstances giving rise to such notice no longer exist, and (ii) any Funding
Notice or any Conversion/Continuation Notice given by Company with respect to the Loans in
respect of which such determination was made shall be deemed to be rescinded by Company.

               (b) Illegality or Impracticability of Eurodollar Rate Loans. In the event
that on any date any Lender shall have reasonably determined (which determination shall be
final and conclusive and binding upon all parties hereto but shall be made only after
consultation with Company and Administrative Agent) that the making, maintaining or
continuation of its Eurodollar Rate Loans (i) has become unlawful as a result of
compliance by such Lender in good faith with any law, treaty, governmental rule,
regulation, guideline or order (or would conflict with any such treaty, governmental rule,
regulation, guideline or order not having the force of law even though the failure to
comply therewith would not be unlawful), or (ii) has become impracticable, as a result of
contingencies occurring after the Closing Date which materially and adversely affect the
London interbank market or the position of such Lender in that market, then, and in any
such event, such Lender shall be an “Affected
Lender” and it shall on that day give notice (by telefacsimile or by telephone
confirmed in writing) to Company and Administrative Agent of such determination (which
notice Administrative Agent shall promptly transmit to each other Lender). Thereafter (1)
the obligation of the Affected Lender to make Loans as, or to convert Loans to, Eurodollar
Rate Loans shall be suspended until such notice shall be withdrawn by the Affected Lender,
(2) to the extent such determination by the Affected Lender relates to a Eurodollar Rate
Loan then being requested by Company pursuant to a Funding Notice or a
Conversion/Continuation Notice, the Affected Lender shall make such Loan as (or continue
such Loan as or convert such Loan to, as the case may be) a Base Rate Loan, (3) the
Affected Lender’s obligation to maintain its outstanding Eurodollar Rate Loans (the
“Affected Loans”) shall be terminated at the earlier to occur of the expiration of the
Interest Period then in effect with respect to the Affected Loans or when required by law,
and (4) the Affected Loans shall automatically convert into Base Rate Loans on the date of
such termination. Notwithstanding the foregoing, to the extent a determination by an
Affected Lender as described above relates to a Eurodollar Rate Loan then being requested
by Company pursuant to a Funding Notice or a Conversion/Continuation Notice, Company shall
have the option, subject to the provisions of Section 2.18(c), to rescind such Funding
Notice or such Conversion/Continuation Notice as to all Lenders by giving notice (by
telefacsimile or by telephone confirmed in writing) to Administrative Agent of such
rescission on the

34

 

date on which the Affected Lender gives notice of its determination as
described above (which notice of rescission Administrative Agent shall promptly transmit
to each other Lender). Except as provided in the immediately preceding sentence, nothing
in this Section 2.18(b) shall affect the obligation of any Lender other than an Affected
Lender to make or maintain Loans as, or to convert Loans to, Eurodollar Rate Loans in
accordance with the terms hereof.

               (c) Compensation for Breakage or Non-Commencement of Interest Periods.
Company shall compensate each Lender, upon written request by such Lender (which request
shall set forth the basis for requesting such amounts), for all reasonable losses,
expenses and liabilities (including any interest paid by such Lender to lenders of funds
borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or
liability sustained by such Lender in connection with the liquidation or re-employment of
such funds but excluding loss of anticipated profits) which such Lender may sustain: (i)
if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate
Loan does not occur on a date specified therefor in a Funding Notice or a telephonic
request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does
not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic
request for conversion or continuation; (ii) if any prepayment or other principal payment
of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the
last day of an Interest Period applicable to that Loan; and (iii) if any prepayment of any
of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment
given by Company.

               (d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or
transfer Eurodollar Rate Loans at, to, or for the account of any of its branch offices or
the office of an Affiliate of such Lender.

               (e) Assumptions Concerning Funding of Eurodollar Rate Loans. Calculation
of all amounts payable to a Lender under this Section 2.18, Section 2.19 and Section 2.20
shall be made as though such Lender had actually funded each of its relevant Eurodollar
Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate
obtained pursuant to clause (i) of the definition of Adjusted Eurodollar Rate in an amount
equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the
relevant Interest Period and through the transfer of such Eurodollar deposit from an
offshore office of such Lender to a domestic office of such Lender in the United States of
America; provided, however, each Lender may fund each of its Eurodollar
Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only
for the purposes of calculating amounts payable under this Section 2.18, Section 2.19 and
Section 2.20.

     2.19. Increased Costs; Capital Adequacy.

               (a) Compensation For Increased Costs. Subject to the provisions of Section
2.20 (which shall be controlling with respect to the matters covered thereby), in the
event that any Lender shall determine (which determination shall, absent manifest error,
be final and conclusive and binding upon all parties hereto) that any law, treaty or

35

 

governmental rule, regulation or order, or any change therein or in the interpretation,
administration or application thereof (including the introduction of any new law, treaty
or governmental rule, regulation or order), or any determination of a court or
governmental authority, in each case that is issued and becomes effective after the
Closing Date, or compliance by such Lender with any guideline, request or directive issued
or made after the Closing Date by any central bank or other governmental or
quasi-governmental authority (whether or not having the force of law): (i) subjects such
Lender (or its applicable lending office) to any additional stamp or documentary tax or
any other excise taxes or similar charges or levies with respect to this Agreement or any
of the other Credit Documents or any of its obligations hereunder or thereunder or any
payments to such Lender (or its applicable lending office) of principal, interest, fees or
any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve
(including any marginal, emergency, supplemental, special or other reserve), special
deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or
deposits or other liabilities in or for the account of, or advances or loans by, or other
credit extended by, or any other acquisition of funds by, any office of such Lender (other
than any such reserve or other requirements with respect to Eurodollar Rate Loans that are
reflected in the definition of Adjusted Eurodollar Rate); or (iii) imposes any other
condition (other than with respect to a Tax matter) on or affecting such Lender (or its
applicable lending office) or its obligations hereunder or the London interbank market;
and the result of any of the foregoing is to increase the cost to such Lender of agreeing
to make, making or maintaining Loans hereunder or to reduce any amount received or
receivable by such Lender (or its applicable lending office) with respect thereto; then,
in any such case, Company shall promptly pay to such Lender, upon receipt of the statement
referred to in the next sentence, such additional amount or amounts (in the form of an
increased rate of, or a different method of calculating, interest or otherwise as such
Lender in its sole discretion shall determine) as may be necessary to compensate such Lender for any
such increased cost or reduction in amounts received or receivable hereunder. Such Lender
shall deliver to Company (with a copy to Administrative Agent) a written statement,
setting forth in reasonable detail the basis for calculating the additional amounts owed
to such Lender under this Section 2.19(a), which statement shall be conclusive and binding
upon all parties hereto absent manifest error.

               (b) Capital Adequacy Adjustment. In the event that any Lender shall have
determined that the adoption, effectiveness, phase-in or applicability after the Closing
Date of any law, rule or regulation (or any provision thereof) regarding capital adequacy,
or any change therein or in the interpretation or administration thereof by any
Governmental Authority, central bank or comparable agency charged with the interpretation
or administration thereof, or compliance by any Lender (or its applicable lending office)
with any guideline, request or directive regarding capital adequacy (whether or not having
the force of law) of any such Governmental Authority, central bank or comparable agency,
has or would have the effect of reducing the rate of return on the capital of such Lender
or any corporation controlling such Lender as a consequence of, or with reference to, such
Lender’s Loans or Term Loan Commitments or participations therein or other obligations
hereunder with respect to the Loans to a level below that which such Lender or such
controlling corporation could have

36

 

achieved but for such adoption, effectiveness,
phase-in, applicability, change or compliance (taking into consideration the policies of
such Lender or such controlling corporation with regard to capital adequacy), then from
time to time, within five Business Days after receipt by Company from such Lender of the
statement referred to in the next sentence, Company shall pay to such Lender such
additional amount or amounts as will compensate such Lender or such controlling
corporation on an after-tax basis for such reduction. Such Lender shall deliver to Company
(with a copy to Administrative Agent) a written statement, setting forth in reasonable
detail the basis for calculating the additional amounts owed to Lender under this Section
2.19(b), which statement shall be conclusive and binding upon all parties hereto absent
manifest error.

     2.20. Taxes; Withholding, etc.

               (a) Payments to Be Free and Clear. All sums payable by any Credit Party
hereunder and under the other Credit Documents shall (except to the extent required by
law) be paid free and clear of, and without any deduction or withholding on account of,
any Tax imposed, levied, collected, withheld or assessed by or within the United States of
America or any political subdivision in or of the United States of America or any other
jurisdiction from or to which a payment is made by or on behalf of any Credit Party or by
any federation or organization of which the United States of America or any such
jurisdiction is a member at the time of payment.

               (b) Withholding of Taxes. If any Credit Party or any other Person is
required by law to make any deduction or withholding on account of any Tax imposed by the
United States of America or any political subdivision thereof (which Tax shall
(i) exclude any tax imposed by a Governmental Authority as a result of a connection
or former connection between such Lender or Administrative Agent (as the case may be) and
the jurisdiction imposing such Tax, including without limitation, any connection arising
from being a citizen, domiciliary or resident of such jurisdiction, being organized in
such jurisdiction, or having a permanent establishment or fixed place of business therein,
but excluding any connection arising solely from the rights and obligations as a Lender,
or the activities of such Lender, pursuant to or in respect of this Agreement or the
Credit Documents, and (ii) include any tax (other than a net income tax) imposed both as a
result of a connection between a Lender or Administrative Agent (as the case may be) and
the jurisdiction imposing such tax and as a result of a connection between the Company and
the jurisdiction imposing such tax) from any sum paid or payable by any Credit Party to
Administrative Agent or any Lender under any of the Credit Documents: (i) Company shall
notify Administrative Agent of any such requirement or any change in any such requirement
as soon as Company becomes aware of it; (ii) Company shall pay any such Tax before the
date on which penalties attach thereto, such payment to be made (if the liability to pay
is imposed on any Credit Party) for its own account or (if that liability is imposed on
Administrative Agent or such Lender, as the case may be) on behalf of and in the name of
Administrative Agent or such Lender; (iii) the sum payable by such Credit Party in respect
of which the relevant deduction, withholding or payment is required shall be increased to
the extent necessary to ensure that, after the making of that deduction, withholding or
payment,

37

 

Administrative Agent or such Lender, as the case may be, receives on the due date
a net sum equal to what it would have received had no such deduction, withholding or
payment been required or made after deduction for all Taxes not indemnified hereunder and
for which additional amounts are not payable hereunder; and (iv) within thirty days after
paying any sum from which it is required by law to make any deduction or withholding, and
within thirty days after the due date of payment of any Tax which it is required by clause
(ii) above to pay, Company shall deliver to Administrative Agent evidence satisfactory to
the other affected parties of such deduction, withholding or payment and of the remittance
thereof to the relevant taxing or other authority; provided, no such additional amount
shall be required to be paid under clause (ii) or (iii) above except to the extent that
the deduction, withholding or payment in respect of which such additional amount is
required to be paid results from a change in any applicable law, treaty or governmental
rule, regulation or order, or any change in the interpretation, administration or
application thereof, after the Closing Date (in the case of each Lender listed on the
signature pages hereof on the Closing Date) or after the effective date of the Assignment
Agreement pursuant to which such Lender became a Lender (in the case of each other Lender)
relating to such requirement for a deduction, withholding or payment (or the rate thereof)
from that in effect at the Closing Date or at the date of such Assignment Agreement, as
the case may be, in respect of payments to such Lender, except to the extent that such
Lender’s assignor (if any) was entitled, at the time of assignment, to receive additional
amounts from Company with respect to Taxes pursuant to this Section 2.20.

               (c) Evidence of Exemption From U.S. Withholding Tax. Each Lender (or other
Person beneficially entitled to receive payments under the Credit Documents) that is not a
United States Person (as such term is defined in Section 7701(a)(30) of the
Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall
deliver to Administrative Agent for transmission to Company, on or prior to the Closing
Date (in the case of each Lender party hereto on the Closing Date) or on or prior to the
date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of
each other Lender), and at such other times as may be necessary in the determination of
Company or Administrative Agent (each in the reasonable exercise of its discretion), (i)
two original copies of Internal Revenue Service Form W-8ECI (or any successor forms) or,
if such Lender or other Person is unable to deliver such forms, two original copies of
Internal Revenue Service Form W-8BEN (or any successor forms), properly completed and duly
executed by such Lender (or, in the case of a pass-through entity, each of its beneficial
owners), and such other documentation required under the Internal Revenue Code or
reasonably requested in writing by Company to establish that such Lender (or, in the case
of a pass-through entity, each of its beneficial owners) is not subject to (or is subject
to a reduced rate of) deduction or withholding of United States federal income tax with
respect to any payments to such Lender of principal, interest, fees or other amounts
payable under any of the Credit Documents, or (ii) if such Lender is not a “bank” or other
Person described in Section 881(c)(3) of the Internal Revenue Code and cannot comply with
clause (i) above, a Certificate re Non-Bank Status together with two original copies of
Internal Revenue Service Form W-8BEN (or any successor form), properly completed and duly
executed by such Lender (or, in the case of a pass-through entity, each of its beneficial
owners), and such

38

 

other documentation required under the Internal Revenue Code or
reasonably requested by Company to establish that such Lender is not subject to deduction
or withholding of United States federal income tax with respect to any payments to such
Lender of interest payable under any of the Credit Documents. Each Lender making a Loan
to Company that is a United States person (as such term is defined in Section 7701(a)(30)
of the Internal Revenue Code) and is not a person whose name indicates that it is an
“exempt recipient” (as such term is defined in Section 1.6049-4(c)(ii) of the United
States Treasury Regulations) shall deliver to Company on or prior to the Closing Date (in
the case of each Lender party hereto on the Closing Date) or on or prior to the date of
the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other
Lender), and at such other times as may be necessary in the determination of Company (in
the reasonable exercise of its discretion) two original copies of Form W-9 (or successor
forms). Notwithstanding anything to the contrary, each Lender shall not be obligated to
submit any form that such Lender is legally not eligible to deliver; provided,
however, that each such Lender shall notify Company in writing of such
ineligibility. Each Lender required to deliver any forms, certificates or other evidence
with respect to United States federal income tax withholding matters pursuant to this
Section 2.20(c) hereby agrees, from time to time after the initial delivery by such Lender
of such forms, certificates or other evidence, whenever a lapse in time or change in
circumstances renders such forms, certificates or other evidence obsolete or inaccurate in
any material respect, that such Lender shall promptly deliver to Administrative Agent for
transmission to Company two new original copies of Internal Revenue Service Form W-9,
W-8BEN or W-8ECI, or a Certificate re Non-Bank Status and two original copies of Internal
Revenue Service Form W-8BEN (or any successor form), as the case may be, properly
completed and duly executed by such Lender (or, in
the case of a pass-through entity, each of its beneficial owners), and such other
documentation required under the Internal Revenue Code or reasonably requested by Company
to confirm or establish that such Lender (or, in the case of a pass-through entity, each
of its beneficial owners) is not subject to (or is subject to a reduced rate of) deduction
or withholding of United States federal income tax with respect to payments to such Lender
under the Credit Documents, or notify Administrative Agent and Company of its inability to
deliver any such forms, certificates or other evidence. Company shall not be required to
pay any additional amount with respect to any Lender under Section 2.20(b)(ii) or (iii) if
such Lender is eligible to, but shall have failed to deliver the forms, certificates or
other evidence referred to in this Section 2.20(c); provided, if such Lender shall have
satisfied the requirements of the first sentence of this Section 2.20(c) on the Closing
Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as
applicable, nothing in this last sentence of Section 2.20(c) shall relieve Company of its
obligation to pay any additional amounts pursuant this Section 2.20 in the event that, as
a result of any change in any applicable law, treaty or governmental rule, regulation or
order, or any change in the interpretation, administration or application thereof, such
Lender is no longer properly entitled to deliver forms, certificates or other evidence at
a subsequent date establishing the fact that such Lender is not subject to withholding as
described herein to the extent of any withholding or deduction that cannot be avoided by
submission of forms similar to those described in this Section 2.20(c).

39

 

               (d) If any Lender determines, in its reasonable discretion, that it has received a
refund of any Taxes as to which it has been indemnified by Company or with respect to
which Company has paid additional amounts pursuant to Section 2.19 or Section 2.20, it
shall promptly pay over such refund to Company (but only to the extent of indemnity
payments made, or additional amounts paid, by Company under Section 2.19 or Section 2.20
with respect to Taxes giving rise to such refund), net of all out-of-pocket expenses such
Lender and without interest (other than any interest paid by the relevant taxing
jurisdiction with respect to such refund); provided, that Company, upon the request of
such Lender, agrees to repay the amount paid over Company (plus any penalties, interest or
other charges imposed by the relevant taxing jurisdiction) to such Lender in the event
such Lender is required to repay such refund to such taxing jurisdiction.

     2.21. Obligation to Mitigate. Each Lender agrees that, as promptly as practicable after the officer of such Lender
responsible for administering its Loans becomes aware of the occurrence of an event or the
existence of a condition that would cause such Lender to become an Affected Lender or that would
entitle such Lender to receive payments under Section 2.18, 2.19 or 2.20, it will, to the extent
not inconsistent with the internal policies of such Lender and any applicable legal or regulatory
restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Loans, including any
Affected Loans, through another office of such Lender, or (b) take such other measures as such
Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender
to be an Affected Lender would cease to exist or the additional amounts which would otherwise be
required to be paid to such Lender pursuant to Section 2.18, 2.19 or 2.20 would be materially
reduced and if, as determined by such Lender in its reasonable
discretion, the making, issuing, funding or maintaining of such Term Loan Commitments or Loans
through such other office or in accordance with such other measures, as the case may be, would not
otherwise adversely affect such Term Loan Commitments or Loans or the interests of such Lender;
provided, such Lender will not be obligated to utilize such other office pursuant to this
Section 2.21 unless Company agrees to pay all incremental expenses incurred by such Lender as a
result of utilizing such other office as described in clause (i) above. A certificate as to the
amount of any such expenses payable by Company pursuant to this Section 2.21 (setting forth in
reasonable detail the basis for requesting such amount) submitted by such Lender to Company (with a
copy to Administrative Agent) shall be conclusive absent manifest error.

     2.22. Defaulting Lenders. Anything contained herein to the contrary notwithstanding, in the event that any Lender,
other than at the direction or request of any regulatory agency or authority, defaults (a
“Defaulting Lender”) in its obligation to fund (a “Funding Default”) any Term Loan (in each case, a
“Defaulted Loan”), then (a) during any Default Period with respect to such Defaulting Lender, such
Defaulting Lender shall be deemed not to be a “Lender” for purposes of voting on any matters
(including the granting of any consents or waivers) with respect to any of the Credit Documents;
(b) to the extent permitted by applicable law, until such time as the Default Excess with respect
to such Defaulting Lender shall have been reduced to zero, (i) any voluntary prepayment of the Term
Loans shall, if Company so directs at the time of making such voluntary prepayment, be applied to
the Term Loans of other Lenders as if such Defaulting Lender had no Term Loans outstanding, and
(ii) any mandatory prepayment of the Term Loans shall, if Company so directs at the time of making
such mandatory prepayment, be

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applied to the Term Loans of other Lenders (but not to the Term Loans
of such Defaulting Lender) as if such Defaulting Lender had funded all Defaulted Loans of such
Defaulting Lender, it being understood and agreed that Company shall be entitled to retain any
portion of any mandatory prepayment of the Term Loans that is not paid to such Defaulting Lender
solely as a result of the operation of the provisions of this clause (b); and (c) such Defaulting
Lender’s Term Loan Commitment shall be excluded for purposes of calculating the Term Loan
Commitment fee payable to Lenders in respect of any day during any Default Period with respect to
such Defaulting Lender, and such Defaulting Lender shall not be entitled to receive any Term Loan
Commitment fee pursuant to Section 2.11 with respect to such Defaulting Lender’s Term Loan
Commitment in respect of any Default Period with respect to such Defaulting Lender. No Term Loan
Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise
expressly provided in this Section 2.22, performance by Company of its obligations hereunder and
the other Credit Documents shall not be excused or otherwise modified as a result of any Funding
Default or the operation of this Section 2.22. The rights and remedies against a Defaulting Lender
under this Section 2.22 are in addition to other rights and remedies which Company may have against
such Defaulting Lender with respect to any Funding Default and which Administrative Agent or any
Lender may have against such Defaulting Lender with respect to any Funding Default.

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     2.23. Removal or Replacement of a Lender. Anything contained herein to the
contrary notwithstanding, in the event that: (a) (i) any
Lender (an “Increased-Cost Lender”) shall give notice to Company that such Lender is an Affected
Lender or that such Lender is entitled to receive payments under Section 2.18, 2.19 or 2.20, (ii)
the circumstances which have caused such Lender to be an Affected Lender or which
entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender
shall fail to withdraw such notice within five Business Days after Company’s request for such
withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, (ii) the Default Period for
such Defaulting Lender shall remain in effect, and (iii) such Defaulting Lender shall fail to cure
the default as a result of which it has become a Defaulting Lender within five Business Days after
Company’s request that it cure such default; or (c) in connection with any proposed amendment,
modification, termination, waiver or consent with respect to any of the provisions hereof as
contemplated by Section 10.5(b), the consent of Requisite Lenders shall have been obtained but the
consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is
required shall not have been obtained; then, with respect to each such Increased-Cost Lender,
Defaulting Lender or Non-Consenting Lender (the “Terminated Lender”), Company may, by giving
written notice to Administrative Agent and any Terminated Lender of its election to do so, elect to
cause such Terminated Lender (and such Terminated Lender hereby irrevocably agrees) to assign its
outstanding Term Loans and its Term Loan Commitments, if any, in full to one or more Eligible
Assignees (each a “Replacement Lender”) in accordance with the provisions of Section 10.6 and
Terminated Lender shall pay any fees payable thereunder in connection with such assignment;
provided, (1) on the date of such assignment, the Replacement Lender shall pay to the
Terminated Lender an amount equal to the sum of (A) an amount equal to the principal of, and all
accrued interest on, all outstanding Term Loans of the Terminated Lender and (B) an amount equal to
all accrued, but theretofore unpaid fees owing to such Terminated Lender pursuant to Section 2.11;
(2) on the date of such assignment, Company shall pay any amounts payable to such Terminated Lender
pursuant to Section 2.18(c), 2.19 or 2.20 or otherwise as if it were a prepayment; and (3) in the
event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at
the time of such assignment, to each matter in respect of which such Terminated Lender was a
Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated Lender and the
termination of such Terminated Lender’s Term Loan Commitments, if any, such Terminated Lender shall
no longer constitute a “Lender” for purposes hereof; provided, any rights of such
Terminated Lender to indemnification hereunder shall survive as to such Terminated Lender.

SECTION 3. CONDITIONS PRECEDENT

     3.1. Closing Date. The obligation of any Lender to make a Loan is subject to the satisfaction, or waiver in
accordance with Section 10.5, of the following conditions on or before the Closing Date:

               (a) Credit Documents. Administrative Agent shall have received sufficient
copies of each Credit Document and each Sponsor Guaranty executed and delivered by each
applicable Credit Party and each party to a Sponsor Guaranty for each Lender.

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               (b) Organizational Documents; Incumbency. Administrative Agent shall have
received (i) a copy of each Organizational Document executed and delivered by each Credit
Party, as applicable, and, to the extent applicable, certified as of a recent date by the
appropriate governmental official, each dated the Closing Date or a recent
date prior thereto; (ii) signature and incumbency certificates of the officers of
such Person executing the Credit Documents to which it is a party; (iii) resolutions of
the Board of Directors or similar governing body of each Credit Party approving and
authorizing the execution, delivery and performance of this Agreement and the other Credit
Documents to which it is a party or by which it or its assets may be bound as of the
Closing Date, certified as of the Closing Date by its secretary or an assistant secretary
as being in full force and effect without modification or amendment; (iv) a good standing
certificate from the applicable Governmental Authority of each Credit Party’s jurisdiction
of incorporation, organization or formation and in each jurisdiction in which it is
qualified as a foreign corporation or other entity to do business, each dated a recent
date prior to the Closing Date; and (v) such other constitutive or organizational
documents as Administrative Agent may reasonably request.

               (c) Consummation of Transactions. (i) Coffeyville Resources shall have
received the gross proceeds from the borrowings under the Opco Secured Credit Agreement in
an aggregate amount in cash of not less than $25,000,000; (ii) Coffeyville Resources shall
have received the gross proceeds from the borrowings under the Opco Unsecured Credit
Agreement in an aggregate amount in cash of not less than $25,000,000; and (iii) Company
shall have delivered to the Arranger and Administrative Agent a complete, correct and
conformed copy of each of the Opco Secured Credit Agreement and the Opco Unsecured Credit
Agreement.

               (d) Opinions of Counsel to Sponsors. Lenders and their respective counsel
shall have received originally executed copies of the favorable written opinions of (i)
Fried, Frank, Harris, Shriver & Jacobson LLP counsel for GS Capital Partners V, L.P. and
(ii) Richards, Layton & Finger, P.A. counsel for Kelso & Company, L.P., dated as of the
Closing Date and otherwise in form and substance reasonably satisfactory to the Arranger
(and each Sponsor hereby instructs such counsel to deliver such opinions to Agents and
Lenders).

               (e) [Reserved].

               (f) [Reserved].

               (g) Transaction Costs. On or prior to the Closing Date, the Company shall
have paid all fees, costs and expenses owing to the Administrative Agent and its counsel
invoiced to Company on or before the Closing Date and all fees, costs and expenses owing
to the Administrative Agent and its counsel under the terms of the Existing Credit
Agreement.

               (h) [Reserved].

               (i) [Reserved].

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               (j) [Reserved].

               (k) Environmental Reports. Lenders shall have received from Company the
most recent environmental reports delivered to lenders under the Existing Credit
Agreement.

               (l) Financial Statements; Projections. Lenders shall have received from
Coffeyville Resources (i) the Historical Financial Statements and (ii) the Projections.

               (m) [Reserved].

               (n) Opinions of Counsel to Credit Parties. Lenders and their respective
counsel shall have received originally executed copies of the favorable written opinions
of Fried, Frank, Harris, Shriver & Jacobson LLP counsel for Credit Parties dated as of the
Closing Date and otherwise in form and substance reasonably satisfactory to the Arranger
(and each Credit Party hereby instructs such counsel to deliver such opinions to the
Administrative Agent and Lenders).

               (o) Fees. Company shall have paid to the Arranger, the fees payable on the
Closing Date referred to in Section 2.11.

               (p) Solvency Certificate. On the Closing Date, the Arranger shall have
received a Solvency Certificate from the chief financial officer of Company dated the
Closing Date, with appropriate attachments and demonstrating that AcquisitionCo and the
other Credit Parties on a consolidated basis are and will be Solvent.

               (q) Closing Date Certificate. Company shall have delivered to the Arranger
an originally executed Closing Date Certificate, together with all attachments thereto.

               (r) Completion of Proceedings. All partnership, corporate and other
proceedings by the Credit Parties taken or to be taken in connection with the transactions
contemplated hereby and all documents incidental thereto not previously found acceptable
by the Arranger and its counsel shall be reasonably satisfactory in form and substance to
the Arranger and such counsel, and the Arranger and such counsel shall have received all
such counterpart originals or certified copies of such documents as the Arranger may
reasonably request.

Each Lender, by having delivered its signature page to this Agreement, acknowledged receipt of, and
consented to and approved, each Credit Document and each other document required to be approved by
the Administrative Agent, Requisite Lenders or Lenders, as applicable on the Closing Date.

     3.2. Conditions to Each Credit Extension.

               (a) Conditions Precedent. The obligation of each Lender to make any Loan,
on any Credit Date, including the Closing Date, are subject to the satisfaction, or waiver
in accordance with Section 10.5, of the following conditions precedent:

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               (i) Administrative Agent shall have received a fully executed and delivered Funding
Notice;

               (ii) [Reserved];

               (iii) as of such Credit Date, the representations and warranties contained herein and
in the other Credit Documents shall be true and correct in all material respects on and as
of that Credit Date to the same extent as though made on and as of that date, except to the
extent such representations and warranties specifically relate to an earlier date, in which
case such representations and warranties shall have been true and correct in all material
respects on and as of such earlier date; and

               (iv) as of such Credit Date, no event shall have occurred and be continuing or would
result from the consummation of the Credit Extension that would constitute an Event of
Default or a Default.

Administrative Agent or Requisite Lenders shall be entitled, but not obligated to, request and
receive, prior to the making of any Loan, additional information reasonably satisfactory to the
requesting party confirming the satisfaction of any of the foregoing if, in the good faith judgment
of Administrative Agent or Requisite Lender such request is warranted under the circumstances.

               (b) Notices. Any Notice shall be executed by an Authorized Officer in a
writing delivered to Administrative Agent. In lieu of delivering a Notice, Company may
give Administrative Agent telephonic notice by the required time of any proposed borrowing
or conversion/continuation, as the case may be; provided each such notice shall be
promptly confirmed in writing by delivery of the applicable Notice to Administrative Agent
on or before the applicable date of borrowing, continuation/conversion or issuance.
Neither Administrative Agent nor any Lender shall incur any liability to Company in acting
upon any telephonic notice referred to above that Administrative Agent believes in good
faith to have been given by a duly authorized officer or other person authorized on behalf
of Company or for otherwise acting in good faith.

SECTION 4. REPRESENTATIONS AND WARRANTIES

     In order to induce Lenders to enter into this Agreement and to make the Loans to be made
thereby, each of AcquisitionCo and Company represents and warrants to each Lender on the Closing
Date and each Credit Date, the following statements are true and correct (unless relating to a
specific date, in which case such statements are true and correct as of such specific date):

     4.1. Organization; Requisite Power and Authority; Qualification. Each of
AcquisitionCo and its Subsidiaries (a) is duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization as identified in Schedule 4.1, (b) has
all requisite power and authority to own and operate its properties, to carry on its business as
now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a
party and to carry out the transactions contemplated thereby, and (c) is qualified to do business

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and in good standing in every jurisdiction where its assets are located and wherever
necessary to carry out its business and operations, except in jurisdictions where the failure to be
so qualified or in good standing has not had, and could not reasonably be expected to have, a
Material Adverse Effect.

     4.2. Capital Stock and Ownership. The Capital Stock of each of AcquisitionCo and its Subsidiaries has been duly authorized
and validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2, as
of the Closing Date, there is no existing option, warrant, call, right, commitment or other
agreement to which AcquisitionCo or any of its Subsidiaries is a party requiring, and there is no
membership interest or other Capital Stock of AcquisitionCo or any of its Subsidiaries outstanding
which upon conversion or exchange would require, the issuance by AcquisitionCo or any of its
Subsidiaries of any additional membership interests or other Capital Stock of AcquisitionCo or any
of its Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right
to subscribe for or purchase, a membership interest or other Capital Stock of AcquisitionCo or any
of its Subsidiaries. Schedule 4.2 correctly sets forth the ownership interest of AcquisitionCo and
each of its Subsidiaries in their respective Subsidiaries as of the Closing Date.

     4.3. Due Authorization. The execution, delivery and performance of the Credit Documents have been duly authorized
by all necessary action on the part of each Credit Party that is a party thereto.

     4.4. No Conflict. The execution, delivery and performance by Credit Parties of the Credit Documents to which
they are parties and the consummation of the transactions contemplated by the Credit Documents do
not and will not (a) violate any provision of any law or any governmental rule or regulation
applicable to AcquisitionCo or any of its Subsidiaries, any of the Organizational Documents of
AcquisitionCo or any of its Subsidiaries, or any order, judgment or decree of any court or other
agency of government binding on AcquisitionCo or any of its Subsidiaries except to the extent such
violation could not be reasonably expected to have a Material Adverse Effect; (b) conflict with,
result in a breach of or constitute (with due notice or lapse of time or both) a default under any
Contractual Obligation of AcquisitionCo or any of its Subsidiaries except to the extent such
conflict, breach or default could not reasonably be expected to have a Material Adverse Effect; (c)
result in or require the creation or imposition of any Lien upon any of the properties or assets of
AcquisitionCo or any of its Subsidiaries (other than any Liens created under the Existing Credit
Agreement in favor of the Collateral Agent (as defined in the Existing Credit Agreement), on behalf
of the Secured Parties (as defined in the Existing Credit Agreement) or under the Opco Secured
Credit Agreement in favor of the Collateral Agent (as defined in the Opco Secured Credit
Agreement), on behalf of the Secured Parties (as defined in the Opco Secured Credit Agreement))
secured by property with a value in excess of $1,000,000; or (d) require any approval of
stockholders, members or partners or any approval or consent of any Person under any Contractual
Obligation of AcquisitionCo or any of their its Subsidiaries, except for such approvals or consents
which will be obtained on or before the Closing Date and disclosed in writing to Lenders and except
for any such approvals or consents the failure of which to obtain could not reasonably be expected
to have a Material Adverse Effect.

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     4.5. Governmental Consents. The execution, delivery and performance by Credit Parties of the Credit Documents to which
they are parties and the consummation of the transactions contemplated by the Credit Documents do
not and will not require any registration with, consent or approval of, or notice to, or other
action to, with or by, any Governmental Authority that has not been made or obtained, as of the
Closing Date and any such registration, consent, approval, notice or action, the absence of which
could not reasonably be expected to have a Material Adverse Effect.

     4.6. Binding Obligation. Each Credit Document has been duly executed and delivered by each Credit Party that is a
party thereto and is the legally valid and binding obligation of such Credit Party, enforceable
against such Credit Party in accordance with its respective terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting
creditors’ rights generally or by equitable principles relating to enforceability.

     4.7. Historical Financial Statements. The Historical Financial Statements were prepared in conformity with GAAP (except as may
otherwise be expressly noted therein) and fairly present, in all material respects, the financial
position, on a consolidated basis, of the Persons described in such financial statements as at the
respective dates thereof and the results of operations and cash flows, on a consolidated basis, of
the entities described therein for each of the periods then ended, subject, in the case of any such
unaudited financial statements, to changes resulting from audit and normal year-end adjustments.
As of the Closing Date, neither Holdings nor any of its Subsidiaries has any contingent liability
or liability for taxes, long-term lease or unusual forward or long-term commitment that is not
reflected in the Historical Financial Statements or the notes thereto and which in any such case is
material in relation to the business, operations, properties, assets or condition (financial or
otherwise) of Holdings and any of its Subsidiaries taken as a whole. As of the Closing Date
neither AcquisitionCo nor Company has any contingent liability or liability for taxes, long-term
lease or unusual forward or long-term commitment which is material in relation to its business,
operations, properties, assets or condition (financial or otherwise).

     4.8. Projections. On and as of the Closing Date, the Projections of Holdings and its Subsidiaries for the
period Fiscal Year 2007 through and including Fiscal Year 2012, including, if any such Projections
would differ if prepared with respect to AcquisitionCo and its Subsidiaries, a statement of
reconciliation for such Projections (collectively, the “Projections”) are based on good faith
estimates and assumptions made by the management of Holdings; provided, the Projections are
not to be viewed as facts and that actual results during the period or periods covered by the
Projections may differ from such Projections and that the differences may be material;
provided further, as of the Closing Date, management of Holdings believed that the
Projections were reasonable and attainable.

     4.9. No Material Adverse Change. Since December 31, 2005, no event, circumstance or change has occurred that has caused or
evidences, either in any case or in the aggregate, a Material Adverse Effect.

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     4.10. No Restricted Junior Payments. Following the Closing Date, no Credit Party has directly or indirectly declared, ordered,
paid or made, or set apart any sum or property for, any Restricted Junior Payment or agreed to do
so except as permitted pursuant to Section 6.5.

     4.11. Adverse Proceedings, etc. Except as disclosed on Schedule 4.11, there are no Adverse Proceedings, individually or in the
aggregate, that could reasonably be expected to have a Material Adverse Effect. Neither
AcquisitionCo nor any of its Subsidiaries (a) is in violation of any applicable laws that,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect,
or (b) is subject to or in default with respect to any final judgments, writs, injunctions,
decrees, rules or regulations of any court or any federal, state, municipal or other governmental
department, commission, board, bureau, agency or instrumentality, domestic or foreign, that,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

     4.12. Payment of Taxes. Except as otherwise permitted under Section 5.3, all material tax returns and reports of
AcquisitionCo and its Subsidiaries required to be filed by any of them have been timely filed, and
all taxes shown on such tax returns to be due and payable and all assessments, fees and other
governmental charges upon AcquisitionCo and its Subsidiaries and upon their respective properties,
assets, income, businesses and franchises which are due and payable have been paid when due and
payable except for taxes which are not yet delinquent or that are being actively contested by
AcquisitionCo or such Subsidiary in good faith and by appropriate proceedings; provided,
that neither AcquisitionCo nor Company shall be in breach of this Section 4.12 so long as such
reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP
shall have been made or provided therefor. AcquisitionCo knows of no proposed tax assessment
against AcquisitionCo or its Subsidiaries that would, if made, have a Material Adverse Effect.

     4.13. Properties.

               (a) Title. Each of AcquisitionCo and its Subsidiaries has (i) good,
sufficient, legal and insurable title to (in the case of fee interests in real property),
(ii) valid leasehold interests in (in the case of leasehold interests in real or personal
property), and (iii) good title to (in the case of all other personal property), all of
their respective material properties and assets reflected in their respective Historical
Financial Statements referred to in Section 4.5 and in the most recent financial
statements delivered pursuant to Section 5.1, in each case except for assets disposed of
since the date of such financial statements in the ordinary course of business or as
otherwise permitted under Section 6.9 and subject to Permitted Liens. Except as permitted
by this Agreement, all such properties and assets are free and clear of Liens.

               (b) Real Estate. (i) (i) As of the Closing Date, Schedule 4.13 contains a true, accurate and complete
list of (x) all Real Estate Assets (including, without limitation, all easements benefiting
any Real Estate Asset or necessary for the operation thereof), and (y) all leases,
subleases or assignments of leases (together with all amendments, modifications,
supplements, renewals or extensions of any thereof) affecting each Real Estate Asset of any
Credit Party, regardless of whether such Credit Party is the landlord or tenant (whether
directly or as an assignee or successor in interest) under such lease,

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sublease or assignment.
Each material agreement listed in clause (y) of the immediately preceding sentence is in full
force and effect other than agreements that, individually or in the aggregate are not material
to AcquisitionCo and its Subsidiaries, taken as a whole, and AcquisitionCo does not have
knowledge of any material default that has occurred and is continuing thereunder, and each
such agreement constitutes the legally valid and binding obligation of each applicable Credit
Party, enforceable against such Credit Party in accordance with its terms, except as
enforcement may be limited by bankruptcy, insolvency, reorganization, moratorium or similar
laws relating to or limiting creditors’ rights generally or by equitable principles; and

               (ii) All pipelines, pipeline easements, utility lines, utility easements and other
easements, servitudes and rights-of-way burdening or benefiting the Real Estate Assets will
not, as of the Closing Date, materially interfere with or prevent any operations conducted
at the Real Estate Assets by AcquisitionCo or its Subsidiaries in the manner operated on the
date of this Agreement, except for any Permitted Liens (as defined in the Existing Credit
Agreement). Except for Permitted Liens (as defined in the Existing Credit Agreement), with
respect to any pipeline, utility, access or other easements, servitudes, and licenses
located on or directly serving the Real Estate Assets and owned or used by AcquisitionCo or
its Subsidiaries in connection with its operations at the Real Estate Assets, to
AcquisitionCo’s knowledge, such agreements are in full force and effect other than
agreements that, individually or in the aggregate are not material to AcquisitionCo and its
Subsidiaries, taken as a whole and no defaults exist thereunder and no events or conditions
exist which, with or without notice or lapse of time or both, would constitute a default
thereunder or result in a termination, except for such failures, defaults, terminations and
other matters that, individually or in the aggregate, could not reasonably be expected to
have a Material Adverse Effect.

     4.14. Environmental Matters . Except as set forth in Schedule 4.14.

               (a) AcquisitionCo and each of its Subsidiaries is in compliance with all applicable
Environmental Laws, except for such noncompliance that could not reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect and, to
AcquisitionCo and its Subsidiaries’ knowledge, continued compliance with applicable
Environmental Laws, including any reasonably foreseeable future requirements pursuant
thereto, by AcquisitionCo and each of its Subsidiaries could not reasonably be expected to
result in a Material Adverse Effect;

               (b) AcquisitionCo and each of its Subsidiaries has obtained, and are in compliance
with, all Governmental Authorizations (including, without limitation, the Consent Decree
and the RCRA Administrative Orders) as are presently required under applicable
Environmental Laws for the operations of their respective businesses and Facilities in the
same or substantially the same manner as currently conducted or
proposed to be conducted on or after the closing, except for such noncompliance that
could not reasonably be expected, individually or in the aggregate, to result in a
Material Adverse Effect. There are no pending, or to AcquisitionCo’s of its Subsidiaries’
Knowledge, threatened actions or proceedings seeking to amend, modify, or terminate any
such Governmental Authorizations (including, without limitation, the

49

 

Consent Decree) or
otherwise seeking to enforce the terms and conditions of any such Governmental
Authorization except for such actions or proceedings that could not reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect;

               (c) Other than the Consent Decree and the RCRA Administrative Orders, neither
AcquisitionCo nor any of its Subsidiaries nor any of their respective Facilities, or
operations or, to AcquisitionCo’s or its Subsidiaries’ Knowledge, any of their previously
owned or operated real property are subject either to (a) any pending or, to
AcquisitionCo’s or its Subsidiaries’ Knowledge, threatened Environmental Claim or (b) any
outstanding written order, consent decree or settlement agreement with any Person relating
to any Environmental Law, any Environmental Claim, or any Hazardous Materials Activity
except for such Environmental Claims, order, consent decree or settlement that could not
reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect;

               (d) Neither AcquisitionCo nor any of its Subsidiaries has received any letter or
request for information under Section 104(e) of the Comprehensive Environmental Response,
Compensation, and Liability Act (42 U.S.C. § 9601, et seq.) or any comparable state law
with regard to any matter that could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect;

               (e) To AcquisitionCo’s and its Subsidiaries’ Knowledge, there are and have been no
conditions, occurrences, or Hazardous Materials Activities that could reasonably be
expected to form the basis of an Environmental Claim against AcquisitionCo or any of its
Subsidiaries, to materially impair the value or marketability of the Facilities for
industrial usage, or could require Remedial Action at any Facility or by AcquisitionCo or
any of its Subsidiaries at any other location except for such matters that could not
reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect;

               (f) Except as addressed under the Consent Decree or the RCRA Administrative Orders,
as of the Closing Date neither AcquisitionCo nor any of its Subsidiaries has been issued
or been required to obtain a permit for the treatment, storage or disposal of hazardous
waste for any of its Facilities pursuant to the federal Resource Conservation and Recovery
Act, 42 U.S.C. § 6901, et. seq. (“RCRA”), or any equivalent State law, nor are any such
Facilities regulated as “interim status” facilities required to undergo corrective action
pursuant to RCRA or any state equivalent, except, in each case, for such matters that
could not reasonably be expected, individually or in the aggregate, to result in a
Material Adverse Effect; and

               (g) As of the Closing Date, (i) AcquisitionCo and its Subsidiaries have provided to
the Administrative Agent or given the Administrative Agent access to all copies of
existing third-party environmental reports commissioned by Coffeyville Resources and/or
submitted by Coffeyville Resources to Governmental Authorities pertaining to actual or
potential Environmental Claims or material liabilities under Environmental Laws; and (ii)
AcquisitionCo or its Subsidiaries have disclosed to the

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Administrative Agent all material
relevant information pertaining to actual or potential material Environmental Claims or
material liabilities under Environmental Laws.

     4.15. No Defaults. Neither AcquisitionCo nor any of its Subsidiaries is in default in the performance,
observance or fulfillment of any of the obligations, covenants or conditions contained in any of
its material Contractual Obligations, and no condition exists which, with the giving of notice or
the lapse of time or both, could constitute such a default, except where the consequences, direct
or indirect, of such default or defaults, if any, could not reasonably be expected to have a
Material Adverse Effect.

     4.16. Material Contracts. Schedule 4.16 contains a true, correct and complete list of all the Material Contracts in
effect on the Closing Date, and except as described thereon, all such Material Contracts are in
full force and effect and no defaults currently exist thereunder other than defaults, the
consequence of which, would not result in a Material Adverse Effect.

     4.17. Governmental Regulation. Neither AcquisitionCo nor any of its Subsidiaries is subject to regulation under the Public
Utility Holding Company Act of 2005, the Federal Power Act or the Investment Company Act of 1940 or
under any other federal or state statute or regulation which may limit its ability to incur
Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable.
Neither AcquisitionCo nor any of its Subsidiaries is a “registered investment company” or a company
“controlled” by a “registered investment company” or a “principal underwriter” of a “registered
investment company” as such terms are defined in the Investment Company Act of 1940.

     4.18. Margin Stock. Neither AcquisitionCo nor any of its Subsidiaries is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of purchasing or carrying
any Margin Stock. No part of the proceeds of the Loans made to any Credit Party will be used to
purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing
or carrying any such Margin Stock or for any purpose that violates, or is inconsistent with, the
provisions of Regulation T, U or X of said Board of Governors.

     4.19. Employee Matters. Neither AcquisitionCo nor any of its Subsidiaries is engaged in any unfair labor practice
that could reasonably be expected to have a Material Adverse Effect. There is (a) no unfair labor
practice complaint pending against AcquisitionCo or any of its Subsidiaries, or to the best
knowledge of AcquisitionCo and Company, threatened against any of them before the National Labor
Relations Board and no grievance or arbitration proceeding arising out of or
under any collective bargaining agreement that is so pending against AcquisitionCo or any of
its Subsidiaries or to the best knowledge of AcquisitionCo and Company, threatened against any of
them, (b) no strike or work stoppage in existence or threatened involving AcquisitionCo or any of
its Subsidiaries that could reasonably be expected to have a Material Adverse Effect, and (c) to
the best knowledge of AcquisitionCo and Company, no union representation question existing with
respect to the employees of AcquisitionCo or any of its Subsidiaries and, to the best knowledge of
AcquisitionCo and Company, no union organization activity that is taking place, except (with
respect to any matter specified in clause (a), (b) or (c) above, either individually or in the
aggregate) such as is not reasonably likely to have a Material Adverse Effect.

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     4.20. Employee Benefit Plans. Except as, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect, (i) AcquisitionCo, each of its Subsidiaries and each of their respective
ERISA Affiliates are in compliance with all applicable provisions and requirements of ERISA and the
Internal Revenue Code and the regulations and published interpretations thereunder with respect to
each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit
Plan, (ii) each Employee Benefit Plan which is intended to qualify under Section 401(a) of the
Internal Revenue Code has received a favorable determination letter from the Internal Revenue
Service indicating that such Employee Benefit Plan is so qualified and nothing has occurred
subsequent to the issuance of such determination letter which would cause such Employee Benefit
Plan to lose its qualified status, (iii) no liability to the PBGC (other than required premium
payments), the Internal Revenue Service (with respect to any Employee Benefit Plan), any Employee
Benefit Plan or any trust established under Title IV of ERISA has been or is expected to be
incurred by AcquisitionCo, any of its Subsidiaries or any of their ERISA Affiliates, (iv) no ERISA
Event has occurred or is reasonably expected to occur, and (v) except to the extent required under
Section 4980B of the Internal Revenue Code or similar state laws, no Employee Benefit Plan provides
health or welfare benefits (through the purchase of insurance or otherwise) for any retired or
former employee of AcquisitionCo, any of its Subsidiaries or any of their respective ERISA
Affiliates. The present value of the aggregate benefit liabilities under each Pension Plan
sponsored, maintained or contributed to by AcquisitionCo, any of its Subsidiaries or any of their
ERISA Affiliates, (determined as of the end of the most recent plan year on the basis of the
actuarial assumptions specified for funding purposes in the most recent actuarial valuation for
such Pension Plan), did not exceed the aggregate current value of the assets of such Pension Plan
by more than $5,000,000. As of the most recent valuation date for each Multiemployer Plan for
which the actuarial report is available, the potential liability of AcquisitionCo, its Subsidiaries
and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan
(within the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a
complete withdrawal from all Multiemployer Plans, based on information available pursuant to
Section 4221(e) of ERISA is not more than an amount which, individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect. AcquisitionCo, each of its Subsidiaries
and each of their ERISA Affiliates have complied in all material respects with the requirements of
Section 515 of ERISA with respect to each Multiemployer Plan and are not in material “default” (as
defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan.

     4.21. Certain Fees. No broker’s or finder’s fee or commission will be payable with respect hereto or any of the
transactions contemplated hereby.

     4.22. Solvency. The Credit Parties on a consolidated basis are and, upon the incurrence of any Obligation
by the Credit Parties on any date on which this representation and warranty is made, will be,
Solvent.

     4.23. Related Agreements.

               (a) Delivery. AcquisitionCo and Company have delivered to the Arranger
complete and correct copies of (i) each Related Agreement and of all exhibits and
schedules thereto as of the Closing Date and (ii) copies of any material amendment,

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restatement, supplement or other modification to or waiver of each Related Agreement
entered into after the Closing Date.

               (b) Representations and Warranties. Except to the extent otherwise
expressly set forth herein or in the schedules hereto, and subject to the qualifications
set forth therein, each of the representations and warranties given by any Credit Party in
any Related Agreement is true and correct in all material respects as of the Closing Date
(or as of any earlier date to which such representation and warranty specifically
relates).

               (c) Governmental Approvals. All Governmental Authorizations and all other
authorizations, approvals and consents of any other Person required by the Related
Agreements or to consummate the transactions contemplated by the Related Agreements have
been obtained and are in full force and effect other than such authorizations, approvals
and consents, the requirement of which to obtain is waived as a condition to such Related
Agreement.

     4.24. Compliance with Statutes, etc. Each of AcquisitionCo and its Subsidiaries is in compliance with all applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, all Governmental
Authorities, in respect of the conduct of its business and the ownership of its property, except
such non-compliance that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

     4.25. Disclosure. None of the factual information and data (taken as a whole) heretofore or contemporaneously
furnished by or on behalf of AcquisitionCo or any of its Subsidiaries for use in connection with
the transactions contemplated hereby contained any untrue statement of a material fact or omitted
to state a material fact (known to AcquisitionCo or Company, in the case of any document not
furnished by either of them) necessary in order to make the statements contained herein or therein
(taken as a whole) not misleading in light of the circumstances in which the same were made. Any
projections and pro forma financial information contained in such materials are based upon good
faith estimates and assumptions believed by AcquisitionCo
or Company to be reasonable at the time made, it being recognized by Lenders that such
projections as to future events are not to be viewed as facts and that actual results during the
period or periods covered by any such projections may differ materially from the projected results.
There are no facts known (or which should upon the reasonable exercise of diligence be known) to
AcquisitionCo or Company (other than matters of a general economic nature) that, individually or in
the aggregate, could reasonably be expected to result in a Material Adverse Effect and that have
not been disclosed herein or in such other documents, certificates and statements furnished to
Lenders for use in connection with the transactions contemplated hereby.

     4.26. Patriot Act. To the extent applicable, each Credit Party is in compliance, in all material respects,
with the (i) Trading with the Enemy Act, as amended, and each of the foreign assets control
regulations of the Untied States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended)
and any other enabling legislation or executive order relating thereto, and (ii) Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
(USA Patriot Act of 2001) (the “Act”). No part of the proceeds of the

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Loans will be used, directly
or indirectly, for any payments to any governmental official or employee, political party, official
of a political party, candidate for political office, or anyone else acting in an official
capacity, in order to obtain, retain or direct business or obtain any improper advantage, in
violation of the United States Foreign Corrupt Practices Act of 1977, as amended.

     4.27. First Buyer . As of the Closing Date, the only states in which Coffeyville Resources or any of its
Subsidiaries is the first person who takes, receives or purchases oil or gas from an interest owner
at the time the oil or gas is severed from the applicable real estate are Oklahoma,
Nebraska, Missouri and Kansas.

     4.28. Schedules. The Schedules attached hereto are not materially different from the Schedules provided in
connection with the Opco Secured Credit Agreement and the Opco Unsecured Credit Agreement and the
Lenders may rely on the schedules provided in each of the Opco Secured Credit Agreement and the
Opco Unsecured Credit Agreement. The Schedules attached hereto are the Schedules delivered to the
Administrative Agent under the Existing Credit Agreement on the Effective Date and if such
Schedules were updated on the Closing Date they would not materially differ.

SECTION 5. AFFIRMATIVE COVENANTS

     Each Credit Party covenants and agrees that so long as any Term Loan Commitment is in effect
and until payment in full of all Obligations, each Credit Party shall perform, and shall cause each
other Credit Party to perform, all covenants in this Section 5.

     5.1. Financial Statements and Other Reports. Company will deliver to the Arranger and the Administrative Agent, and the Administrative
Agent will distribute to the Arranger and Lenders:

               (a) Monthly Reports. As soon as available, and in any event within thirty
(30) days after the end of each month ending after the Closing Date, the consolidated
balance sheet of AcquisitionCo and its Subsidiaries as at the end of such month and the
related consolidated statements of income, stockholders’ equity and cash flows of
AcquisitionCo and its Subsidiaries for such month and for the period from the beginning of
the then current Fiscal Year to the end of such month, setting forth in each case in
comparative form the corresponding figures for the corresponding periods of the previous
Fiscal Year and the corresponding figures from the Financial Plan for the current Fiscal
Year, to the extent prepared on a monthly basis, all in reasonable detail, together with a
Financial Officer Certification and a Narrative Report with respect thereto;

               (b) Quarterly Financial Statements. As soon as available, and in any event
within forty-five (45) days after the end of each of the first three Fiscal Quarters of
each Fiscal Year, the consolidated and consolidating balance sheets of AcquisitionCo and
its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated (and
with respect to statements of income, consolidating) statements of

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income, stockholders’
equity and cash flows of AcquisitionCo and its Subsidiaries for such Fiscal Quarter and
for the period from the beginning of the then current Fiscal Year to the end of such
Fiscal Quarter, setting forth in each case in comparative form the corresponding figures
for the corresponding periods of the previous Fiscal Year and the corresponding figures
from the Financial Plan for the current Fiscal Year, all in reasonable detail, together
with a Financial Officer Certification and a Narrative Report with respect thereto;

               (c) Annual Financial Statements. As soon as available, and in any event
within ninety (90) days after the end of each Fiscal Year, (i) the consolidated and
consolidating balance sheets of AcquisitionCo and its Subsidiaries as at the end of such
Fiscal Year and the related consolidated (and with respect to statements of income,
consolidating) statements of income, stockholders’ equity and cash flows of AcquisitionCo
and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form
the corresponding figures for the previous Fiscal Year and the corresponding figures from
the Financial Plan for the Fiscal Year covered by such financial statements, all in
reasonable detail, together with a Financial Officer Certification and a Narrative Report
with respect thereto; and (ii) with respect to such consolidated financial statements a
report thereon of KPMG LLP or one of the other “Big Four” independent certified public
accountants of recognized national standing selected by Company, and reasonably
satisfactory to Administrative Agent (which report shall be unqualified as to going
concern and scope of audit, and shall state that such consolidated financial statements
fairly present, in all material respects, the consolidated financial position of
AcquisitionCo and its Subsidiaries as at the dates indicated and the results of their
operations and their cash flows for the periods indicated in conformity with GAAP applied
on a basis consistent with prior years (except as otherwise disclosed in such financial
statements) and that the examination by such accountants in connection with such
consolidated financial statements has been made in accordance with generally accepted
auditing standards) together with a written statement by such independent certified public
accountants stating (1) that their audit
examination has included a review of the terms of Section 6.8 of the Existing Credit
Agreement and the related definitions, (2) whether, in connection therewith, any condition
or event that constitutes a Default or an Event of Default with respect to any financial
matters under Section 6.8 of the Existing Credit Agreement, has come to their attention
and, if such a condition or event has come to their attention, specifying the nature and
period of existence thereof, and (3) that nothing has come to their attention that causes
them to believe that the information contained in any Compliance Certificate is not
correct or that the matters set forth in such Compliance Certificate are not stated in
accordance with the terms hereof;

               (d) Compliance Certificate. Together with each delivery of financial
statements of AcquisitionCo and its Subsidiaries pursuant to Sections 5.1(b) and 5.1(c), a
duly executed and completed Compliance Certificate;

               (e) Statements of Reconciliation after Change in Accounting Principles. At
the request of the Administrative Agent, if, as a result of any change in accounting
principles and policies from those used in the preparation of the Historical

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Financial Statements, the consolidated financial statements of AcquisitionCo and its Subsidiaries
delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from
the consolidated financial statements that would have been delivered pursuant to such
subdivisions had no such change in accounting principles and policies been made, then,
together with the first delivery of such financial statements after such change, one or
more statements of reconciliation for all such prior financial statements in form and
substance satisfactory to Administrative Agent;

               (f) Notice of Default. Promptly upon any officer of any of AcquisitionCo
or Company obtaining knowledge (i) of any condition or event that constitutes a Default or
an Event of Default or that notice has been given to any of AcquisitionCo or Company with
respect thereto; (ii) that any Person has given any notice to any of AcquisitionCo or any
of the other Credit Parties or taken any other action with respect to any event or
condition set forth in Section 8.1(b), including any notice of default for failure to pay
when due any principal of or interest on or any other amount in respect of Indebtedness in
an aggregate principal amount of $2,500,000 or more; (iii) that any money judgment, writ
or warrant of attachment or similar process involving an aggregate principal amount of
$2,500,000 or more has been entered or filed against AcquisitionCo or any of its
Subsidiaries or any of their respective assets; or (iv) of the occurrence of any event or
change that has caused or evidences, either in any case or in the aggregate, a Material
Adverse Effect, a certificate of its Authorized Officers specifying the nature and period
of existence of such condition, event or change, or specifying the notice given and action
taken by any such Person and the nature of such claimed Event of Default, Default,
default, event or condition, and what action Company has taken, is taking and proposes to
take with respect thereto;

               (g) Notice of Litigation. Promptly upon any officer of any of
AcquisitionCo or Company obtaining knowledge of (i) the institution of, or non-frivolous
threat of, any Adverse Proceeding not previously disclosed in writing by Company to
Lenders, or (ii) any material development in any Adverse Proceeding that,
in the case of either (i) or (ii) if adversely determined, could be reasonably
expected to have a Material Adverse Effect, or seeks to enjoin or otherwise prevent the
consummation of, or to recover any damages or obtain relief as a result of, the
transactions contemplated hereby, written notice thereof together with such other
information as may be reasonably available to any of AcquisitionCo or Company to enable
Lenders and their counsel to evaluate such matters;

               (h) ERISA. (i) Promptly upon becoming aware of the occurrence of or
forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof,
what action AcquisitionCo, any of its Subsidiaries or any of their respective ERISA
Affiliates has taken, is taking or proposes to take with respect thereto and, when known,
any action taken or threatened by the Internal Revenue Service, the Department of Labor or
the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (1) each
Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by
AcquisitionCo, any of its Subsidiaries or any of their respective ERISA Affiliates with
the Internal Revenue Service with respect to each Pension Plan; (2) all notices received
by AcquisitionCo, any of its Subsidiaries or any of their respective

56

 

ERISA Affiliates from
a Multiemployer Plan sponsor concerning an ERISA Event; and (3) copies of such other
material documents or material governmental reports or material filings relating to any
Employee Benefit Plan as Administrative Agent shall reasonably request;

               (i) Financial Plan. As soon as practicable and in any event no later than
thirty (30) days after the end of each Fiscal Year, a consolidated plan and financial
forecast for each Fiscal Year (or portion thereof) through the next five Fiscal Years
following the Fiscal Year just ended, but not beyond the final maturity date of the loans
under the Existing Credit Agreement (a “Financial Plan”), including (i) a forecasted
consolidated balance sheet and forecasted consolidated statements of income and cash flows
of AcquisitionCo and its Subsidiaries for such Fiscal Year, together with pro forma
Compliance Certificates for such Fiscal Year and an explanation of the assumptions on
which such forecasts are based, (ii) forecasted consolidated statements of income and cash
flows of AcquisitionCo and its Subsidiaries for each month of such Fiscal Year, and (iii)
forecasts demonstrating adequate liquidity through the final maturity date of the Loans
without giving effect to any additional debt or equity offerings not reflected in the
Projections, together, in each case, with an explanation of the assumptions on which such
forecasts are based all in form and substance reasonably satisfactory to Administrative
Agent;

               (j) Insurance Report. As soon as practicable and in any event by the last
day of each Fiscal Year, a report in form and substance reasonably satisfactory to
Administrative Agent outlining all material insurance coverage maintained as of the date
of such report by AcquisitionCo and its Subsidiaries and all material insurance coverage
planned to be maintained by AcquisitionCo and its Subsidiaries in the immediately
succeeding Fiscal Year;

               (k) Notice of Change in Board of Directors. With reasonable promptness,
written notice of any change in the board of directors (or similar governing body) of any
of AcquisitionCo or Company;

               (l) Notice Regarding Material Contracts. Promptly, and in any event within
ten Business Days (i) after any Material Contract of AcquisitionCo or any of its
Subsidiaries is terminated or amended in a manner that is materially adverse to
AcquisitionCo or such Subsidiary, as the case may be, or (ii) any new Material Contract is
entered into, a written statement describing such event, with copies of such material
amendments or new contracts, delivered to Administrative Agent (to the extent such
delivery is permitted by the terms of any such Material Contract, provided, no such
prohibition on delivery shall be effective if it were bargained for by AcquisitionCo or
its applicable Subsidiary with the intent of avoiding compliance with this Section
5.1(l)), and an explanation of any actions being taken with respect thereto;

               (m) Environmental Reports and Audits. As soon as practicable following
receipt thereof, copies of all environmental audits and reports required to be provided
pursuant to Section 5.9;

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               (n) [Reserved].

               (o) [Reserved].

               (p) [Reserved].

               (q) Other Information. Promptly upon their becoming available, (i) copies
of (A) all financial statements, reports, notices and proxy statements sent or made
available generally by AcquisitionCo to its security holders acting in such capacity, (B)
all regular and periodic reports and all registration statements and prospectuses, if any,
filed by AcquisitionCo or any of its Subsidiaries with any securities exchange or with the
Securities and Exchange Commission or any governmental or private regulatory authority,
(C) all press releases and other statements made available generally by AcquisitionCo or
any of its Subsidiaries to the public concerning material developments in the business of
AcquisitionCo or any of its Subsidiaries, and (ii) such other information and data with
respect to AcquisitionCo or any of its Subsidiaries as from time to time may be reasonably
requested by Administrative Agent or any Lender on its own or on behalf of any Lender; and

               (r) Certification of Public Information. Concurrently with the delivery of
any document or notice required to be delivered pursuant to this Section 5.1, the Company
shall indicate in writing whether such document or notice contains Nonpublic Information.
Any document or notice required to be delivered pursuant to this Section 5.1 shall be
deemed to contain Nonpublic Information unless the Company specifies otherwise. The
Company and each Lender acknowledges that certain of the Lenders may be “public-side”
Lenders (Lenders that do not wish to receive material non-public information with respect
to AcquisitionCo, the Company, their Subsidiaries or their securities) and, if documents
or notices required to be delivered pursuant to this Section
5.1 or otherwise are being distributed through IntraLinks/IntraAgency or another
relevant website (the “Platform”), any document or notice which contains Nonpublic
Information (or is deemed to contain Nonpublic Information) shall not be posted on that
portion of the Platform designated for such public side lenders.

Documents required to be delivered pursuant to Sections 5.1(a), 5.1(b), 5.1(c), 5.1(e) or 5.1(i)
may be delivered electronically, and if so delivered, shall be deemed to have been delivered on the
date (i) on which Company posts such documents or provides a link thereto on Company’s website on
the Internet at the website address listed on Appendix B; or (ii) on which such documents are
posted on Company’s behalf on IntraLinks/IntraAgency or another relevant website, if any, to which
each Lender and the Administrative Agent have access (whether a commercial, third-party website or
whether sponsored by the Administrative Agent); provided, however, that: (x)
Company shall deliver paper copies of such documents to the Administrative Agent or any Lender that
requests Company to deliver such paper copies until a written request to cease delivering paper
copies is given by the Administrative Agent or such Lender and (y) Company shall notify (which may
be by facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any
such documents and provide to the Administrative Agent by electronic mail electronic versions
(i.e., soft copies) of such documents. Notwithstanding anything contained herein, in every
instance Company shall be required to provide paper copies

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of the Compliance Certificates to the
Administrative Agent and each of the Lenders. Except for such Compliance Certificates, the
Administrative Agent shall have no obligation to request the delivery or to maintain copies of the
documents referred to above, and in any event shall have no responsibility to monitor compliance by
Company with any such request for delivery and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents.

               (s) After CVR’s initial public offering, all references to AcquisitionCo in this
Section 5.1 and in the definition of “Historical Financial Statements” shall be deemed to
refer to CVR.

     5.2. Existence. Except as otherwise permitted under Section 6.9, each Credit Party will at all times
preserve and keep in full force and effect its existence and all rights and franchises, licenses
and permits material to its business; provided, no Credit Party (other than AcquisitionCo
and Company) shall be required to preserve any such existence, right or franchise, licenses and
permits if such Person’s board of directors (or similar governing body) shall determine that the
preservation thereof is no longer desirable in the conduct of the business of such Person, and that
the loss thereof could not reasonably be expected to have a Material Adverse Effect.

     5.3. Payment of Taxes and Claims. Each Credit Party will pay all federal and other material Taxes imposed upon it or any of
its properties or assets or in respect of any of its income, businesses or franchises before any
penalty or fine accrues thereon, and all claims (including claims for labor, services, materials
and supplies) for sums that have become due and payable and that by law have or may become a Lien
upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred
with respect thereto; provided, no such Tax or claim need be paid if it is being contested
in good faith by appropriate proceedings promptly instituted and diligently conducted, or not yet
the subject of any proceeding, so long as (a) adequate reserve or other appropriate provision,
as shall be required in conformity with GAAP shall have been made therefor, and (b) in the case of
a Tax or claim which has or may become a Lien against any assets or properties of any Credit Party,
such contest proceedings, if instituted, would conclusively operate to stay the sale of any portion
of the assets or properties of any Credit Parties to satisfy such Tax or claim. No Credit Party
will file or consent to the filing of any consolidated income tax return with any Person (other
than AcquisitionCo or any of its Subsidiaries).

     5.4. Maintenance of Properties. Each Credit Party will maintain or cause to be maintained in good repair, working order and
condition, ordinary wear and tear excepted, all material properties used or useful in the business
of AcquisitionCo and its Subsidiaries and from time to time will make or cause to be made all
appropriate repairs, renewals and replacements thereof.

     5.5. Insurance. AcquisitionCo will maintain or cause to be maintained, with financially sound and reputable
insurers, such commercial general liability insurance, third party property damage insurance,
business interruption insurance and all risk property insurance with respect to liabilities, losses
or damage in respect of the assets, properties and businesses of AcquisitionCo and its Subsidiaries
which is customarily carried or maintained under similar circumstances by Persons of established
reputation engaged in similar businesses of the size of AcquisitionCo and

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its Subsidiaries, in each
case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks
and otherwise on such terms and conditions as shall be customary for such Persons.

     5.6. Books and Records; Inspections. Each Credit Party will, and will cause each of its Subsidiaries to, permit any authorized
representatives designated by any Lender to visit and inspect any of the properties of any Credit
Party and any of its respective Subsidiaries, to inspect, copy and take extracts from its and their
financial and accounting records, and to discuss its and their affairs, finances and accounts with
its and their officers and independent public accountants, all upon reasonable notice and at such
reasonable times during normal business hours, if an Event of Default has occurred and is
continuing, as often as may reasonably be requested but in any other case, no more than twice per
year.

     5.7. Lenders Meetings. Each of AcquisitionCo and Company will, upon the written request of Administrative Agent or
Requisite Lenders, participate in a meeting of Administrative Agent and Lenders once during each
Fiscal Year to be held at Company’s corporate offices (or at such other location as may be agreed
to by Company and Administrative Agent) at such time as may be agreed to by Company and
Administrative Agent.

     5.8. Compliance with Laws. Each Credit Party will comply, and shall cause each of its Subsidiaries and all other
Persons, if any, on or occupying any Facilities to comply, with the requirements of all applicable
laws, rules, regulations and orders of any Governmental Authority (including all Environmental
Laws), noncompliance with which could reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect.

     5.9. Environmental.

               (a) Compliance, Hazardous Materials Activities, Etc. Each Credit Party
shall take, and shall cause each of its Subsidiaries to take, any reasonable actions
necessary to: (i) cure any violation of applicable Environmental Laws by such Credit
Party or its Subsidiaries that could reasonably be expected to have, individually or in
the aggregate, a Material Adverse Effect; (ii) make an appropriate response to any
Environmental Claim against such Credit Party or any of its Subsidiaries and discharge any
obligations it may have to any Person thereunder where failure to do so could reasonably
be expected to have, individually or in the aggregate, a Material Adverse Effect; (iii)
implement any and all Remedial Actions that are legally required by any Governmental
Authority (following final resolution of AcquisitionCo’s or its Subsidiaries’ challenges
or appeals, if any, of the relevant Governmental Authority’s order or decision) or that
are otherwise necessary to comply with Environmental Laws and or that are otherwise
necessary to maintain the value and marketability of the Real Estate for industrial usage,
except where failure to perform any such Remedial Action would not reasonably be expected
to result in a liability of or require an expenditure by AcquisitionCo or its Subsidiaries
in excess of $2,000,000; (iv) materially comply with the terms and conditions of the
Consent Decree and the RCRA Administrative Orders, except for such noncompliance that
would not reasonably be expected to result in liability of or require an expenditure by
AcquisitionCo or its Subsidiaries in excess of $2,000,000; (v) achieve and maintain
material compliance with the Clean Air Act

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Tier II Clean Fuels requirements in the manner
and by the dates specified in the letter from U.S. Environmental Protection Agency
(“USEPA”), Office of Transportation and Air Quality, dated February 3, 2004, and the
attachment thereto entitled “Compliance Plan for Motor Vehicle Diesel Fuel Sulfur and
Gasoline Sulfur Hardship Waiver” or any amendments thereto except for such noncompliance
that would not reasonably be expected to result in liability of or require an expenditure
by AcquisitionCo or its Subsidiaries in excess of $2,000,000; and (vi) promptly complete
all investigations and corrective actions necessary to address the items of noncompliance
at the Coffeyville Nitrogen Plant identified in Fertilizers’ self-disclosure submission to
USEPA and the Kansas Department of Health and Environment (“KDHE”), dated September 20,
2004, except where failure to perform such investigations or corrective actions would not
reasonably be expected to result in a liability of or require an expenditure by
AcquisitionCo or its Subsidiaries in excess of $2,000,000.

               (b) Environmental Disclosure.

               (i) Notice. Promptly upon the occurrence thereof, AcquisitionCo shall deliver
to Administrative Agent and Lenders written notice describing in reasonable detail (1) any
Release that could reasonably be expected to require a Remedial Action or give rise to
Environmental Claims resulting in AcquisitionCo or its Subsidiaries incurring liability or
expenses in excess of $2,500,000, (2) any Remedial Action taken by
AcquisitionCo, its Subsidiaries or any other Person in response to any Hazardous
Materials Activity the existence of which has a reasonable likelihood of resulting in one or
more Environmental Claims resulting in liability of AcquisitionCo or its Subsidiaries in
excess of $2,500,000, (3) any Environmental Claim (including any request for information by
a Governmental Authority) that could reasonably be expected to result in liability of
AcquisitionCo or its Subsidiaries in excess of $2,500,000, (4) AcquisitionCo’s or its
Subsidiaries’ discovery of any occurrence or condition at any Facility, or on any real
property adjoining or in the vicinity of any Facility, that could reasonably be expected to
cause such Facility or any part thereof to be subject to any material restrictions on the
ownership, occupancy, transferability or use thereof under any Environmental Laws, the
removal of which restriction would reasonably be expected to result in a liability of or
require an expenditure by AcquisitionCo or its Subsidiaries in excess of $2,500,000, (5) any
proposed acquisition of stock, assets, or property by AcquisitionCo or any of its
Subsidiaries that could reasonably be expected to expose AcquisitionCo or any of its
Subsidiaries to, or result in, Environmental Claims that could reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect, and (6) any proposed
action to be taken by AcquisitionCo or any of its Subsidiaries to modify current operations
in a manner that could reasonably be expected to subject AcquisitionCo or any of its
Subsidiaries to any additional obligations or requirements under Environmental Laws that
could reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect.

               (ii) Semi-Annual Report. Commencing on September 30, 2007, AcquisitionCo
shall submit to the Administrative Agent a semi-annual written report on the status of (A)
any non-compliance with Environmental Law, (B) any pending or threatened Environmental
Claim, (C) any Remedial Action, and (D) if reasonably

61

 

requested by the Administrative Agent,
other matters related to AcquisitionCo or its Subsidiaries compliance with Environmental
Law, in each case of (A) through (D) above, that that, in each case, could reasonably be
expected to give rise to liability of or expenditures by AcquisitionCo or its Subsidiaries
of $3,000,000 or more. Such report shall specify in reasonable detail (1) the status of the
matter including any significant developments since the date of the prior report, (2) any
technical reports or material correspondence prepared or received relating to the matter,
(3) the proposed plan for resolution or completion of the matter, and (4) the anticipated
cost to achieve such resolution or completion of the matter. Subject to Section 5.9(d)
below, at the reasonable written request of the Administrative Agent, AcquisitionCo shall
provide the Administrative Agent with copies of all material documents related to such
matters that are in its or its Subsidiaries’ possession or control; and

               (iii) Subject to 5.9(d) below, AcquisitionCo shall also deliver to Administrative
Agent and Lenders with reasonable promptness, such other documents and information as from
time to time may be reasonably requested by Administrative Agent in relation to any matters
addressed by this Section 5.9.

               (c) Right of Access and Inspection.

               (i) With respect to any matter disclosed pursuant to subsection (b) above, or if an
Event of Default has occurred and is continuing, or if Administrative Agent reasonably
believes either that AcquisitionCo or any of its Subsidiaries has breached any
representation, warranty or covenant in this Agreement pertaining to environmental matters
in any material respect, the Administrative Agent and its representatives shall have the
right, but not the obligation, at any reasonable time and after reasonable notice, to enter
into and observe the condition and operations of the Facilities as they relate to matters
pertaining to Environmental Law (“Environmental Conditions”). Such access shall include, at
the reasonable request of the Administrative Agent, an opportunity to review relevant
documents and interview employees or representatives of AcquisitionCo or its Subsidiaries to
the extent necessary to obtain information related to the Environmental Conditions at issue.
AcquisitionCo shall reimburse the Administrative Agent for any reasonable costs incurred in
conducting any such observations, including any reasonable consultants’ or lawyers fees
relating thereto. At the reasonable request of the Administrative Agent, AcquisitionCo
shall prepare a Phase I Report and conduct such tests and investigations as directed by the
Administrative Agent for Environmental Conditions that could reasonably be expected to give
rise to liability of or expenditures by AcquisitionCo or its Subsidiaries in excess of
$3,000,000; provided, however, that any such tests or investigations shall
not include the taking of samples of air, soil, surface water, groundwater, effluent, and
building materials, in, on or under the Facilities unless, based upon the Phase I Report,
the Administrative Agent reasonably concludes that such sampling is commercially reasonable
and necessary to evaluate any Environmental Conditions (x) with respect to any proposed
sub-surface soil or ground water sampling, that could reasonably be expected to give rise to
liability or expenditures by AcquisitionCo or its Subsidiaries in excess of $10,000,000 or
(y) with respect to any other samplings, that could be reasonably be expected to give rise
to liability or expenditures by AcquisitionCo or its Subsidiaries in excess of $7,000,000.
Any such

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tests and investigations shall be conducted by a qualified environmental consulting
firm reasonably acceptable to the Administrative Agent. If an Event of Default has occurred
and is continuing, or if AcquisitionCo does not prepare a Phase I Report or conduct the
requested tests and investigations in a reasonably timely manner, the Administrative Agent
may, upon prior notice to AcquisitionCo, retain an environmental consultant, at
AcquisitionCo’s expense, to prepare a Phase I Report and conduct such tests and
investigations. AcquisitionCo and its Subsidiaries shall provide Administrative Agent and
its consultants with access to the Facilities during normal business hours in order to
complete any necessary inspections or sampling. The Administrative Agent will make
commercially reasonable efforts to conduct any such investigations so as to avoid
interfering with the operation of the Facility.

               (ii) Notwithstanding the Administrative Agent’s rights under subsection (c)(i) above,
the Administrative Agent (and its representatives) shall also have the right, at its own
cost and expense and upon reasonable prior notice to AcquisitionCo, to enter into and
observe the Environmental Condition of the Facilities during normal business hours. Such
inspections and observations may include such reviews as are necessary for the preparation
of a Phase I Report, but may not, without AcquisitionCo’s prior written consent, include the
taking of samples of air, soil, surface water, groundwater, effluent, and building
materials. The Administrative Agent may not exercise its rights under this
subsection (c)(ii) more frequently than once per year at each Facility. The
Administrative Agent’s decision to conduct an inspection pursuant to this subsection
(c)(ii), shall not, in any way, limit the Administrative Agent’s rights to enter the
Facilities, conduct inspections or obtain information under any provision in this Agreement
or otherwise. The Administrative Agent (and its representatives) shall also have the right,
at the cost and expense of Coffeyville Resources, to request any other existing reports,
from time to time, as the Administrative Agent deems reasonable in its sole discretion;
provided, however, that Coffeyville Resources shall not be required to (i)
create or commission any environmental report and (ii) provide any existing environmental
report if providing such environmental report to the Administrative Agent could result in
adverse consequences for Holdings, Coffeyville Resources or any of their Affiliates arising
from the loss of legal privilege or other material rights of Holdings, Coffeyville Resources
or any of their Affiliates.

               (iii) The exercise of the Administrative Agent’s rights under subsections (c)(i) or
(c)(ii) shall not constitute a waiver of any default by AcquisitionCo or any Subsidiary and
shall not impose any liability on the Administrative Agent or any of the Lenders. In no
event will any site visit, observation, test or investigation by the Administrative Agent be
deemed a representation that Hazardous Materials are or are not present in, on or under any
of the Facilities, or that there has been or will be compliance with any Environmental Law,
and the Administrative Agent shall not be deemed to have made any representation or warranty
to any party regarding the truth, accuracy or completeness of any report or findings with
regard thereto. Without express written authorization, which shall not be unreasonably
withheld, neither AcquisitionCo nor any other party shall be entitled to rely on any site
visit observation, test or investigation by the Administrative Agent. The Administrative
Agent and the Lenders owe no duty of care to protect AcquisitionCo or any other party
against, or to inform AcquisitionCo or

63

 

any other party of, any Hazardous Materials or any
other adverse Environmental Condition affecting any of the Facilities. The Administrative
Agent may in its reasonable discretion disclose to AcquisitionCo or, if so required by law,
to any third party, any report or findings made as a result of, or in connection with, any
site visit, observation, testing or investigation by the Administrative Agent. If the
Administrative Agent reasonably believes that it is legally required to disclose any such
report or finding to any third party, then the Administrative Agent shall use its reasonable
efforts to give AcquisitionCo prior notice of such disclosure and afford AcquisitionCo the
opportunity to object or defend against such disclosure at its own and sole cost; provided,
that the failure of the Administrative Agent to give any such notice or afford AcquisitionCo
the opportunity to object or defend against such disclosure shall not result in any
liability to the Administrative Agent. AcquisitionCo acknowledges that it or its
Subsidiaries may be obligated to notify relevant Governmental Authorities regarding the
results of any site visit, observation, testing or investigation by the Administrative Agent
and that such reporting requirements are site and fact-specific, and are to be evaluated by
AcquisitionCo without advice or assistance from the Administrative Agent. Nothing contained
in this Section 5.9(c)(iii) shall be construed as releasing the Administrative Agent or the
Lenders from any liability to the extent incurred as a result of their gross negligence or
willful misconduct.

               (iv) If counsel to AcquisitionCo or any of its Subsidiaries reasonably determines (1)
that provision to Administrative Agent of a document otherwise required to be provided
pursuant to this Section 5.9 (or any other provision of this Agreement or any other Credit
Document relating to environmental matters) would jeopardize an applicable attorney-client
or work product privilege pertaining to such document, then AcquisitionCo or its Subsidiary
shall not be obligated to deliver such document to Administrative Agent but shall provide
Administrative Agent with a notice identifying the author and recipient of such document and
generally describing the contents of the document. Upon request of Administrative Agent,
AcquisitionCo and its Subsidiaries shall take all reasonable steps necessary to provide
Administrative Agent with the factual information contained in any such privileged document.

     5.10. Subsidiaries. In the event that any Person becomes a Domestic Subsidiary of AcquisitionCo (other than
Holdings, Coffeyville Resources, any of their respective Domestic Subsidiaries and the Company,
MergerSub 1 or MergerSub 2 and prior to an initial public offering, CVR), AcquisitionCo shall as
soon as is practicable cause such Domestic Subsidiary (other than (i) non-wholly owned Domestic
Subsidiaries owning total assets with an aggregate fair market value not to exceed $2,500,000 in
the aggregate for all such non-wholly owned Domestic Subsidiaries or (ii) Domestic Subsidiaries
owning total assets with an aggregate fair market value of less than $100,000, and not to exceed
$1,000,000 in the aggregate for all such Domestic Subsidiaries, or generating total revenue for any
twelve (12) month period of less than $100,000, and not to exceed $1,000,000 in the aggregate for
all such Domestic Subsidiaries) to become a Guarantor hereunder by executing and delivering to
Administrative Agent a Counterpart Agreement. With respect to each such Subsidiary, Company shall
promptly send to Administrative Agent written notice setting forth with respect to such Person (i)
the date on which such Person became a Subsidiary of AcquisitionCo, and (ii) all of the data
required to be

64

 

set forth in Schedules 4.1 and 4.2 with respect to all Subsidiaries of
AcquisitionCo; provided, such written notice shall be deemed to supplement Schedule 4.1 and 4.2 for
all purposes hereof.

     5.11. [Reserved].

     5.12. Interest Rate Protection. AcquisitionCo shall cause Coffeyville Resources to maintain Interest Rate Agreements as
required under the terms of the Existing Credit Agreement.

     5.13. Swap Agreement. AcquisitionCo shall cause Coffeyville Resources to maintain the Swap Agreement to remain in
place for a period of no less than four years after the Effective Date on terms and conditions as
set forth in the Swap Agreement and otherwise reasonably satisfactory to the Arranger under the
Existing Credit Agreement and shall cause Coffeyville Resources to not sell, assign or otherwise
encumber any rights to receive payments under the Swap Agreement (other than pursuant to the Credit
Documents under the Existing Credit Agreement) or enter into any agreement that has the practical
effect of effectuating the foregoing.

     5.14. Further Assurances. At any time or from time to time upon the request of Administrative Agent, each Credit
Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do
such other acts and things as Administrative Agent may reasonably request in order to effect fully
the purposes of the Credit Documents.

     5.15. Miscellaneous Business Covenants. Unless otherwise consented to by Administrative Agent or Requisite Lenders: AcquisitionCo
will and will cause each of its Subsidiaries to: (i) maintain entity records and books of account
separate from those of any other entity which is an Affiliate of such entity; (ii) not commingle
its funds or assets with those of any other entity which is an Affiliate of such entity; and (iii)
provide that its board of directors or other analogous governing body will hold all appropriate
meetings to authorize and approve such entity’s actions, which meetings will be separate from those
of other entities.

     5.16. Compliance with Section 5 of the Existing Credit Agreement. AcquisitionCo and the Company shall cause Holdings and Coffeyville Resources to comply with
the affirmative covenants set forth in Section 5 of each of the Existing Credit Agreement, the Opco
Secured Credit Agreement and the Opco Unsecured Credit Agreement.

     5.17. Syndication.

               (a) Company agrees to cooperate with the Arranger, in connection with (i) the
preparation of an information package regarding the business, operations, Projections and
prospects of the Company including, without limitation, the delivery of all information
relating to the transactions contemplated by this Agreement prepared by or on behalf of
the Company deemed reasonably necessary by the Arranger in connection with the potential
syndication of the Term Loans and (ii) the presentation of an information package
acceptable in format and content to the Arranger in meetings and other communications with
prospective Lenders in connection with the syndication of the Term Loans (including,
without limitation, direct contact between senior management and representatives of the
Company with prospective Lenders and participation of such persons in meetings). The
Company shall be solely responsible

65

 

for the contents of any such information package and
presentation and acknowledges that the Arranger will be using and relying upon the
information contained in such information package and presentation without independent
verification thereof. The Company agrees that information regarding the Term Loans and
information provided by the Company or its representatives to the Arranger in connection
with the Term Loans (including, without limitation, draft and execution versions of the
Credit Documents and publicly filed financial statements) may be disseminated to potential
Lenders and other persons through one or more internet sites (including an IntraLinks
workspace) created for purposes of syndicating the Term Loans or otherwise, in accordance
with the Arranger’s standard syndication practices (including hard copy and via electronic
transmissions). Without limiting the foregoing, the Company authorizes the use of its
logo in connection with any such dissemination.

               (b) At the request of the Arranger, the Company agrees to prepare a version of the
information package and presentation that does not contain material non-public information
concerning the Company or its affiliates or their securities. In addition, the Company
agrees that unless specifically labeled “Private – Contains Non-Public Information”, no
information, documentation or other data disseminated to prospective Lenders in connection
with the syndication of the Term Loans, whether through an internet site (including,
without limitation, an IntraLinks workspace), electronically, in presentations at meetings
or otherwise, will contain any material non-public information concerning the Company or
its affiliates or their securities.

               (c) To facilitate an orderly and successful syndication of the Term Loans, you
agree that during the syndication period, which shall begin upon receipt by the Company of
notification from the Arranger, the Company will not syndicate or issue, attempt to
syndicate or issue, announce or authorize the announcement of the syndication or issuance
of, or engage in discussions concerning the syndication or issuance of, any debt facility
or debt security of the Company or any of its subsidiaries or affiliates (other than the
Sponsors and the portfolio companies of the Sponsors) (other than any debt refinancing of
the Term Loans, the loans under the Exiting Credit Agreement, the loans under the Opco
Secured Credit Agreement or the loans under the Opco Unsecured Credit Agreement),
including any renewals or refinancings of any existing debt facility or debt security
without the prior written consent of the Arranger.

SECTION 6. NEGATIVE COVENANTS

     Each Credit Party covenants and agrees that, so long as any Term Loan Commitment is in effect
and until payment in full of all Obligations, such Credit Party shall perform, and shall cause each
other Credit Party to perform, all covenants in this Section 6.

     6.1. Indebtedness. No Credit Party shall directly or indirectly, create, incur, assume or guaranty, or
otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except:

               (a) the Obligations; and

66

 

               (b) Indebtedness in respect of netting services, overdraft protections and
otherwise in connection with deposit accounts.

To the extent that the creation, incurrence or assumption of any Indebtedness could be attributable
to more than one subsection of this Section 6.1, Company may allocate (or reallocate) such
Indebtedness to any one or more of such subsections and in no event shall the same portion of
Indebtedness be deemed to utilize or be attributable to more than one item.

     6.2. Liens. No Credit Party shall directly or indirectly, create, incur, assume or permit to exist any
Lien on or with respect to any property or asset of any kind (including any document or instrument
in respect of goods or accounts receivable) of any Credit Party, whether now owned or hereafter
acquired, or any income or profits therefrom, or file or permit the filing of, or permit
to remain in effect, any financing statement or other similar notice of any Lien with respect
to any such property, asset, income or profits under the UCC of any State or under any similar
recording or notice statute, except:

               (a) Liens for Taxes if obligations with respect to such Taxes are not yet due or
are being contested in good faith by appropriate proceedings promptly instituted and
diligently conducted;

               (b) [Reserved];

               (c) [Reserved];

               (d) purported Liens evidenced by the filing of precautionary UCC financing
statements relating solely to operating leases of personal property entered into in the
ordinary course of business; and

               (e) judgment Liens not otherwise constituting or arising out of an Event of Default
pursuant to Section 8.1(h).

     6.3. [Reserved].

     6.4. No Further Negative Pledges. Except with respect to (a) restrictions by reason of customary provisions restricting
assignments, subletting or other transfers contained in leases, licenses and similar agreements
entered into in the ordinary course of business (provided that such restrictions are limited to the
property or assets secured by such Liens or the property or assets subject to such leases, licenses
or similar agreements, as the case may be), (b) restrictions pursuant to the Credit Documents, and
(c) any other Permitted Lien but only to the extent to the assets to which such Permitted Lien
attaches, no Credit Party shall enter into any agreement prohibiting the creation or assumption of
any Lien upon any of its properties or assets, whether now owned or hereafter acquired.

     6.5. Restricted Junior Payments. No Credit Party shall directly or indirectly, declare, order, pay, make or set apart, or
agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except
that:

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               (a) any Credit Party may make Restricted Junior Payments to AcquisitionCo (and, to
the extent applicable, AcquisitionCo or Company may make Restricted Junior Payments):

               (i) to the extent necessary to permit AcquisitionCo or Company or any direct or
indirect parent company of AcquisitionCo or Company to pay legal, accounting and reporting
expenses in the ordinary course of business;

               (ii) (A) at any time prior to the consummation of an IPO, to the extent necessary to
permit AcquisitionCo or Company or any direct or indirect parent company of AcquisitionCo to
pay general administrative costs and expenses and to pay reasonable
directors fees and expenses, in an aggregate amount not to exceed $2,500,000 in any
Fiscal Year (such amount to be inclusive of all Restricted Junior Payments under (and as
defined in Section 6.5(a)(ii) of the Existing Credit Agreement), and (B) at any time after
the consummation of an IPO, to the extent necessary to permit Parent to pay reasonable and
customary general administrative costs and expenses and to pay reasonable and customary
directors fees and expenses in the ordinary course of business and directly related to
Parent’s ownership of Coffeyville Resources;

               (iii) to the extent necessary to permit AcquisitionCo or Company to discharge the tax
liabilities (including franchise taxes) of AcquisitionCo or any of its Subsidiaries, in each
case, so long as AcquisitionCo applies the amount of any such Restricted Junior Payment for
such purpose;

               (iv) so long as no Default or Event of Default shall have occurred or be continuing,
to repurchase stock of any Credit Party held by then present or former officers or employees
of Credit Party or any of their respective Subsidiaries upon such person’s death,
disability, retirement or termination of employment in an aggregate amount not to exceed
$2,500,000 plus the proceeds of any keyman life insurance and purchases of Capital Stock of
any Credit Party (or any parent of any Credit Party) by management in the aggregate in any
Fiscal Year;

               (v) so long as no Default or Event of Default under Sections 8.1 (a), (f) or (g)
shall have occurred or be continuing and without duplication of any amounts paid pursuant to
Section 6.5(a)(v) of the Existing Credit Agreement, to the extent necessary to permit
AcquisitionCo or Company to pay (1) management fees to the Sponsors in an amount not to
exceed (A) $3,000,000 per Fiscal Year or (B) in connection with the consummation of any IPO,
a one time management fee of $10,000,000, in each case pursuant to the Management Agreement,
(2) customary investment banking fees paid to the Sponsors and their Affiliates for services
rendered to AcquisitionCo and its Subsidiaries in connection with divestitures,
acquisitions, financings and other transactions, (3) reasonable one-time financial advisory
fees for transactions involving AcquisitionCo and its Subsidiaries in an amount not to
exceed, with respect to both clauses (2) and (3), $750,000 in the aggregate per Fiscal Year,
(4) in connection with the consummation of an IPO, such fees as are provided pursuant to the
Management Agreement as in effect on the date hereof and (5) any indemnity obligations owed
to the Sponsors pursuant to the Management Agreement; provided that (x) any of the foregoing

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fees and obligations that remain unpaid because of the occurrence or the continuance of a
Default under Sections 8.1 (a), (f) or (g) or an Event of Default shall continue to accrue
and (y) such accrued and unpaid fees shall be permitted to be paid (in addition to any
amounts permitted by the foregoing clauses (1) through (5)), at any time as no Default under
Sections 8.1 (a), (f) or (g) and no Event of Default shall exist;

               (vi) to the extent necessary to permit AcquisitionCo or Company to pay reasonable
out-of-pocket expenses incurred by Sponsors in the ordinary course in connection with their
management obligations;

               (vii) to the Sponsors solely for the purpose of funding the acquisition by
Acquisition III LLC of the Capital Stock of the Managing GP from Coffeyville Resources in an
amount not to exceed $20,000,000; and

               (viii) to consummate the AcquisitionCo Reorganization.

     6.6. Restrictions on Subsidiary Distributions. Except as provided herein, in the Existing Credit Agreement, in the Opco Secured Credit
Agreement and the Opco Unsecured Credit Agreement, no Credit Party shall create or otherwise cause
or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the
ability of any Subsidiary of Company or AcquisitionCo to (a) pay dividends or make any other
distributions on any of such Subsidiary’s Capital Stock owned by Company, AcquisitionCo or any
other Subsidiary of Company or AcquisitionCo, (b) repay or prepay any Indebtedness owed by such
Subsidiary to Company, AcquisitionCo or any other Subsidiary of Company or AcquisitionCo, (c) make
loans or advances to Company or any other Subsidiary of Company, or (d) transfer any of its
property or assets to Company or any other Subsidiary of Company other than restrictions (i) by
reason of customary provisions restricting assignments, subletting or other transfers contained in
leases, licenses, joint venture agreements and similar agreements entered into in the ordinary
course of business, (ii) that are or were created by virtue of any transfer of, agreement to
transfer or option or right with respect to any property, assets or Capital Stock not otherwise
prohibited under this Agreement, (iii) customary restrictions or conditions imposed by (x) law or
(y) any of the Credit Documents, Credit Documents (as defined in the Opco Secured Credit
Agreement), Credit Documents (as defined in the Existing Credit Agreement) or the Swap Agreement
Documents, or restrictions or conditions imposed by the Partnership Agreement, (iv) any Permitted
Lien or any document or instrument governing any Permitted Lien; provided that any such restriction
contained therein relates only to the asset or assets subject to such Permitted Lien; (v) customary
restrictions on net worth imposed by customers or suppliers under contracts entered into in the
ordinary course of business; and (vi) an agreement governing Indebtedness incurred to refinance the
Indebtedness issued, assumed or incurred pursuant to an agreement referred to in clauses (iii), and
(iv) above and any amendments, restatements, modifications, renewals, supplements, refundings,
replacements or refinancings of the contracts, instruments or obligations referred to in clauses
(i) through (vi) above; provided, however, that the provisions relating to such
encumbrance or restriction contained in any such Indebtedness, amendments, restatements,
modifications, renewals, supplements, refundings, replacements or refinancings are no less
favorable to Company in any material respect as determined by the board of directors of Company in
its reasonable and good faith judgment than the provisions relating to such

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encumbrance or
restriction contained in agreements prior to such amendment, restatement, modification, renewal,
supplement, refunding, replacement or refinancing.

     6.7. Investments. No Credit Party shall directly or indirectly, make or own any Investment in any Person,
including without limitation any Minority Investments, except:

               (a) Investments in Cash and Cash Equivalents;

               (b) equity Investments owned as of the Closing Date in any Subsidiary and
Investments made on or after the Closing Date in any Holdings or Coffeyville Resource with
the proceeds of the Loans hereunder or with the proceeds of equity contributions from the
Sponsors and/or management;

               (c) [Reserved];

               (d) the AcquisitionCo Reorganization;

               (e) [Reserved];

               (f) [Reserved];

               (g) [Reserved];

               (h) Investments described in Schedule 6.7;

               (i) [Reserved];

               (j) Investments constituting non-cash proceeds of sales, transfers and other
dispositions of assets to the extent permitted by Section 6.9;

               (k) [Reserved];

               (l) Investments in prepaid expenses, negotiable instruments held for collection,
and lease, utility, worker’s compensation, performance and other similar deposits provided
to third parties in the ordinary course of business; and

               (m) Investments made or deemed to be made in connection with clauses (a) and (b) of
the definition of “MLP Reorganization”.

Notwithstanding the foregoing, in no event shall any Credit Party make any Investment which results
in or facilitates in any manner any Restricted Junior Payment not otherwise permitted under the
terms of Section 6.5.

To the extent that the making of any Investment could be deemed a use of more than one subsection
of this Section 6.7, Company may select the subsection to which such Investment will be deemed a
use and in no event shall the same portion of an Investment be deemed a use of more than one
subsection.

     6.8. Financial Covenants.

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               (a) Interest Coverage Ratio. AcquisitionCo shall cause Coffeyville
Resources not to permit the Interest Coverage Ratio as of the last day of any Fiscal
Quarter, beginning with the Fiscal Quarter ending September 30, 2007, to be less than the
correlative ratio indicated:

	 	 	 	 	 
	 	 	Interest
	Fiscal Quarter	 	Coverage Ratio
	September 30, 2007
	 	 	2.75:1.00	 
	December 31, 2007
	 	 	2.75:1.00	 
	March 31, 2008
	 	 	3.25:1.00	 
	June 30, 2008
	 	 	3.25:1.00	 
	September 30, 2008
	 	 	3.25:1.00	 
	December 31, 2008
	 	 	3.25:1.00	 

               (b) Total Leverage Ratio. AcquisitionCo shall cause Coffeyville Resources
not to permit the Total Leverage Ratio as of the last day of any Fiscal Quarter, beginning
with the Fiscal Quarter ending September 30, 2007, to exceed the correlative ratio
indicated:

	 	 	 	 	 
	Fiscal	 	Leverage
	Quarter	 	Ratio
	September 30, 2007
	 	 	4.25:1.00	 
	December 31, 2007
	 	 	4.00:1.00	 
	March 31, 2008
	 	 	3.25:1.00	 
	June 30, 2008
	 	 	3.00:1.00	 
	September 30, 2008
	 	 	2.75:1.00	 
	December 31, 2008
	 	 	2.50:1.00	 

               (c) Maximum Consolidated Capital Expenditures. AcquisitionCo shall cause
Coffeyville Resources and its Subsidiaries not to make or incur Consolidated Capital
Expenditures, in any Fiscal Year indicated below, in an aggregate amount for Coffeyville
Resources and its Subsidiaries in excess of the sum of (1) the corresponding amount set
forth below opposite such Fiscal Year; provided, such amount for any Fiscal Year
shall be increased by an amount equal to 100% of the excess, if any, of such

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amount for
the previous Fiscal Year (without giving effect to any adjustments made in accordance with
this proviso (provided that actual Consolidated Capital Expenditures in any Fiscal Year
shall be first applied against any carryover from the prior Fiscal Year) and excluding any
use of the Available Amount pursuant to subclause (2) below) over the actual amount of
Consolidated Capital (as defined in the Existing Credit Agreement) Expenditures for such
previous Fiscal Year:

	 	 	 
	 	 	Consolidated
	 	 	Capital
	Fiscal Year	 	Expenditures
	2007
	 	$375,000,000 plus the 2006 Carryover
	2008
	 	$125,000,000

and (2) the Available Amount as of the last day of such Fiscal Year (provided that
no portion of the Available Amount (as defined in the Existing Credit Agreement) can
be used for Consolidated Capital Expenditures until the entire amount available for
Consolidated Capital Expenditure pursuant to clause (i)(1) of this section with
respect to such Fiscal Year has been so expended).

               (d) Certain Calculations. With respect to any period during which a
Permitted Acquisition (as defined in the Existing Credit Agreement) or an Asset Sale (as
defined in the Opco Secured Credit Agreement) has occurred (each, a “Subject
Transaction”), for purposes of determining compliance with the financial covenants set
forth in this Section 6.8 and for determining pro forma compliance therewith (but not for
purposes of determining the Applicable Margin), Consolidated Adjusted EBITDA (as defined
in the Opco Secured Credit Agreement) shall be calculated with respect to such period on a
pro forma basis (including pro forma adjustments arising out of events which are directly
attributable to a specific transaction, projected by Holdings in good faith as a result of
reasonably identifiable and factually supportable net cost savings or additional costs, as
the case may be, realizable during the twelve month period after such transaction by
combining, in the case of a Permitted Acquisition (as defined in the Existing Credit
Agreement), the operations of the acquired entity or business with the operations of
Holdings and its Subsidiaries; provided that (i) so long as such net cost savings or
additional net costs will be realizable at any time, during such period, it may be
assumed, for purposes of projecting such pro forma increase or decrease to Consolidated
Adjusted EBITDA (as defined in the Opco Secured Credit Agreement), that such net cost
savings or additional net cost will be realizable during the entire such period and (ii)
any such pro forma increase or decrease to Consolidated Adjusted EBITDA (as defined in the
Opco Secured Credit Agreement) shall be without duplication for net cost savings or

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additional net costs actually realized during such period and already included in
Consolidated EBITDA (as defined in the Opco Secured Credit Agreement), all of which pro
forma adjustments shall be certified by the chief financial officer of Parent) using the
historical audited financial statements of any business so acquired or to be acquired or
sold or to be sold and the consolidated financial statements of Coffeyville Resources and
its Subsidiaries which shall be reformulated as if such Subject Transaction, and any
Indebtedness incurred or repaid in connection therewith, had been consummated or incurred
or repaid at the beginning of such period (and assuming that such Indebtedness bears
interest during any portion of the applicable measurement period prior to the relevant
acquisition at the weighted average of the interest rates
applicable to outstanding Loans (as defined in the Opco Secured Credit Agreement)
incurred during such period).

               (e) Right to Cure. Notwithstanding anything to the contrary contained in
this Section 6.8, in the event that any Credit Party would otherwise be in default of any
financial covenant set forth in this Section 6.8, until the 10th day subsequent to
delivery of the related Compliance Certificate, AcquisitionCo shall have the right, but in
any event no more than (i) two times in any twelve-month period and (ii) four times from
the Effective Date to the date of determination, to issue Permitted Cure Securities for
cash (which cash shall be contributed for the common equity capital of Coffeyville
Resources), in either case in an aggregate amount equal to the lesser of (a) the amount
necessary to cure the relevant failure to comply with all the applicable financial
covenants and (b) $25,000,000, (collectively, the “Cure Right”), and upon the receipt by
Coffeyville Resources of such cash (the “Cure Amount”) pursuant to the exercise of such
Cure Right such financial covenants shall be recalculated giving effect to the following
pro forma adjustments:

               (i) Consolidated Adjusted EBITDA shall be increased, in accordance with the
definition thereof, solely for the purpose of measuring the financial covenants and not for
any other purpose under this Agreement, by an amount equal to the Cure Amount;

               (ii) if, after giving effect to the foregoing recalculations, the Credit Parties
shall then be in compliance with the requirements of all financial covenants set forth in
this Section 6.8, the Credit Parties shall be deemed to have satisfied the requirements
thereof as of the relevant date of determination with the same effect as though there had
been no failure to comply therewith at such date, and the applicable breach or default
thereof which had occurred shall be deemed cured for all purposes of the Agreement; and

               (iii) to the extent that the Cure Amount proceeds are used to repay Indebtedness, such
Indebtedness shall not be deemed to have been repaid for purposes of calculating the Total
Leverage Ratio for the period with respect to which such Compliance Certificate applies.

     6.9. Fundamental Changes; Disposition of Assets; Acquisitions.
No Credit Party shall effect any transaction of merger or consolidation, or liquidate,
wind-up or dissolve itself (or

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suffer any liquidation or dissolution), or convey, sell, lease or
sub-lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction
or a series of transactions, all or any part of its business, assets or property of any kind
whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned
or hereafter acquired, or acquire by purchase or otherwise (other than purchases or other
acquisitions of inventory, materials and equipment and Capital Expenditures in the ordinary course
of business), including without limitation any forward sale of production other than pursuant to
Commodity Agreements not prohibited by Section 6.20 the business, property or fixed assets of, or
stock or other evidence of beneficial ownership of, any Person or any division or line of business
or other business unit of any Person, except:

               (a) (i) any Credit Party that is a Subsidiary of AcquisitionCo may be merged with
or into Company or any Guarantor Subsidiary, or be liquidated, wound up or dissolved, or
all or any part of its business, property or assets may be conveyed, sold, leased,
transferred or otherwise disposed of, in one transaction or a series of transactions, to
Company or any Guarantor Subsidiary; provided, in the case of such a merger,
Company or such Guarantor Subsidiary, as applicable shall be the continuing or surviving
Person and (ii) any non-Guarantor Subsidiary may be merged with or into any other
non-Guarantor Subsidiary;

               (b) Investments made in accordance with Section 6.7;

               (c) the sale of the Managing GP to Acquisition III LLC so long as (i) Coffeyville
Resources and its Subsidiaries receive consideration, in cash, at the time of such sale
equal to at least the amount of the Restricted Payment actually paid to the Sponsors
pursuant to Section 6.5(a)(vii) (the “GP Purchase Price”) and (ii) the net proceeds from
such sale (after payment of any expenses) are applied in accordance with Section 2.14(a)
of the Existing Credit Agreement;

               (d) any of Fertilizers or Refining may be merged with or into MergerSub 1 or
MergerSub 2; provided that, each of MergerSub 1 and MergerSub 2 are direct
wholly-owned Subsidiaries of CVR;

               (e) the Company may be merged with or into a direct wholly-owned Subsidiary of CVR;

               (f) the AcquisitionCo reorganization may be consummated; and

               (g) AcquisitionCo may sell shares of Capital Stock of CVR in CVR’s initial public
offering or any secondary public offering.

     6.10. Disposal of Subsidiary Interests. Except for any pledge of the Capital Stock of Subsidiaries of the Company in effect on the
Closing Date to secure the obligations under the Existing Credit Agreement, the obligations under
the Opco Secured Credit Agreement or the obligations under any Hedge Agreement, and except as
provided in the other Hedge Agreements (to the extent permitted by Section 6.20 of the Existing
Credit Agreement, Section 6.20 of the Opco Secured Credit Agreement and Section 6.20 of the Opco
Unsecured Credit Agreement), no Credit Party shall, nor shall it permit any of its Subsidiaries to,
(a) directly or indirectly sell,

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assign, pledge or otherwise encumber or dispose of any Capital
Stock of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b)
permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber
or dispose of any Capital Stock of any of its Subsidiaries, except to another Credit Party (subject
to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if
required by applicable law; provided, that the foregoing shall not apply (1) to the MLP
Reorganization, (2) the initial public offering of the Capital Stock of CVR, (3) any future
secondary public offering of the Capital Stock of CVR, (4) equity incentive plans related to the
Capital Stock of AcquisitionCo. and /or CVR for employees, directors, officers and
consultants of the Credit Parties and their Subsidiaries, and (5) stock grants by CVR to its
employees.

     6.11. Sales and Lease-Backs. No Credit Party shall directly or indirectly, become or remain liable as lessee or as a
guarantor or other surety with respect to any lease of any property (whether real, personal or
mixed), whether now owned or hereafter acquired, which such Credit Party (a) has sold or
transferred or is to sell or to transfer to any other Person, or (b) intends to use for
substantially the same purpose as any other property which has been or is to be sold or transferred
by such Credit Party to any Person in connection with such lease.

     6.12. Transactions with Shareholders and Affiliates. No Credit Party shall directly or indirectly, enter into or permit to exist any transaction
(including the purchase, sale, lease or exchange of any property or the rendering of any service)
with any Affiliate, on terms that are less favorable to such Credit Party than those that might be
obtained at the time from a Person who is not such an Affiliate; provided, the foregoing
restriction shall not apply to (a) any transaction between AcquisitionCo, the Company and any
Guarantor Subsidiary or AcquisitionCo and the Company; (b) reasonable and customary fees and
compensation paid to and any indemnity of members of the board of directors (or similar governing
body) of Company and AcquisitionCo and their respective Subsidiaries; (c) compensation employee
benefit, stock option and indemnification arrangements for officers and other employees of any
Company and AcquisitionCo and their respective Subsidiaries entered into in the ordinary course of
business; (d) transactions occurring on the Closing Date, those transactions described in Schedule
6.12 and the transactions described on Schedule 6.12(a); (e) Restricted Junior Payments permitted
by Section 6.5 and Investments permitted by Section 6.7; (f) the grant of stock options, restricted
stock, stock appreciation rights, phantom stock awards or similar rights to employees and directors
as approved by the board of directors; (g) transactions pursuant to any customary registration
rights and shareholder agreements with the shareholders of Credit Party or any direct or indirect
parent entity of any Credit Party; and (h) intercompany agreements between and/or among any or all
of the Managing GP, the MLP, Coffeyville Resources, Acquisition III LLC or CVR or any of their
subsidiaries.

     6.13. Conduct of Business. From and after the Closing Date, no Credit Party shall engage in any business other than
the ownership of the equity interests in Company, Holdings and CVR in the case of AcquisitionCo and
of Holdings in the case of Company and activities incidental to such ownership and the businesses
described on Form S-1.

     6.14. Permitted Activities of Credit Parties. Each Credit Party shall not fail to hold itself out to the public as a legal entity
separate and distinct from all other Persons.

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     6.15. Amendments or Waivers of Certain Related Agreements. Except as otherwise permitted by Section 5.13, no Credit Party shall agree, nor shall it
permit any of its Subsidiaries to agree, to any material amendment, restatement, supplement or
other modification to, or waiver of, any of its material rights under any Related Agreement after
the Closing Date without in each case obtaining the prior written consent of Requisite Lenders to
such amendment, restatement, supplement or other modification or waiver (which consent shall
not be unreasonably withheld). No Credit Party shall agree, nor shall it permit any of its
Subsidiaries to agree, to any amendment, restatement, supplement or other modification to, or
waiver of, any of the Existing Credit Agreement, the Opco Secured Credit Agreement or the Opco
Unsecured Credit Agreement after the Closing Date without obtaining the prior written consent of
the Administrative Agent (which shall not be unreasonably withheld or delayed) to such amendment,
restatement, supplement or other modification or waiver.

     6.16. Equity Offering. No Credit Party shall, nor shall it permit any of its Subsidiaries to, consummate a
registered initial public offering or secondary registered offering of voting Capital Stock of any
Credit Party or any of their respective Subsidiaries, unless the issuer of such voting Capital
Stock becomes a Guarantor prior to, in connection with or immediately after the consummation of
such offering.

     6.17. Fiscal Year. No Credit Party shall change its Fiscal Year-end from December 31.

     6.18. Organization. Each of Company and Fertilizers shall at all times be a direct wholly-owned subsidiary of
(i) at any time prior to an initial registered public offering, AcquisitionCo or CVR and (ii) at
any time after an initial registered public offering, CVR, except that prior to an IPO, John
Lipinski may own no greater than 5% of Fertilizers and Company. Neither Company nor AcquisitionCo
shall issue securities in an initial registered public offering, and CVR shall be the entity that
issues any public securities.

     6.19. AcquisitionCo. Reorganization. After the implementation of the AcquisitionCo. Reorganization, all references in this
Agreement to AcquisitionCo. shall be deemed to refer to both AcquisitionCo. and Coffeyville
Acquisition II LLC; provided, that each of AcquisitionCo. and Coffeyville Acquisition II
LLC shall guaranty 50% of the Obligations on a several, but not joint basis.

SECTION 7. GUARANTY

     7.1. Guaranty of the Obligations. Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby
irrevocably and unconditionally guaranty to Administrative Agent for the ratable benefit of the
Beneficiaries the due and punctual payment in full of all Obligations when the same shall become
due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or
otherwise (including amounts that would become due but for the operation of the automatic stay
under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed
Obligations”).

     7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty.
Accordingly, in the event any payment or distribution is made on

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any date by a Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate Payments exceeds its Fair
Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the
other Contributing Guarantors in an amount sufficient to cause each Contributing Guarantor’s
Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to a
Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the
Fair Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of
the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b)
the aggregate amount paid or distributed on or before such date by all Funding Guarantors under
this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means,
with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate
amount of the obligations of such Contributing Guarantor under this Guaranty that would not render
its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance
under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of
state law; provided, solely for purposes of calculating the “Fair Share Contribution
Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or
liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation,
reimbursement or indemnification or any rights to or obligations of contribution hereunder shall
not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments”
means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to
(1) the aggregate amount of all payments and distributions made on or before such date by such
Contributing Guarantor in respect of this Guaranty (including, without limitation, in respect of
this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date
by such Contributing Guarantor from the other Contributing Guarantors as contributions under this
Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on
which the related payment or distribution is made by the applicable Funding Guarantor. The
allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2
shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder.
Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section
7.2.

     7.3. Payment by Guarantors. Subject to Section 7.2, Guarantors hereby jointly and severally agree, in furtherance of
the foregoing and not in limitation of any other right which any Beneficiary may have at law or in
equity against any Guarantor by virtue hereof, that upon the failure of Company to pay any of the
Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by
required prepayment, declaration, acceleration, demand or otherwise (including amounts that would
become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code,
11 U.S.C. §362(a)), Guarantors will upon demand pay, or cause to be paid, in Cash, to
Administrative Agent for the ratable benefit of Beneficiaries, an amount equal to the sum of the
unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid
interest on such Guaranteed Obligations (including interest which, but for Company’s becoming the
subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations,
whether or not a claim is allowed against Company for such interest in the related bankruptcy case)
and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid.

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     7.4. Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or
equitable discharge of a guarantor or surety other than payment in full of the Guaranteed
Obligations. In furtherance of the foregoing and without limiting the generality thereof, each
Guarantor agrees as follows:

               (a) this Guaranty is a guaranty of payment when due and not of collectability.
This Guaranty is a primary obligation of each Guarantor and not merely a contract of
surety;

               (b) Administrative Agent may enforce this Guaranty upon the occurrence of an Event
of Default notwithstanding the existence of any dispute between Company and any
Beneficiary with respect to the existence of such Event of Default;

               (c) the obligations of each Guarantor hereunder are independent of the obligations
of Company and the obligations of any other guarantor (including any other Guarantor) of
the obligations of Company, and a separate action or actions may be brought and prosecuted
against such Guarantor whether or not any action is brought against Company or any of such
other guarantors and whether or not Company is joined in any such action or actions;

               (d) payment by any Guarantor (or any Sponsor pursuant to the terms of the
applicable Sponsor Guaranty) of a portion, but not all, of the Guaranteed Obligations
shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion
of the Guaranteed Obligations which has not been paid. Without limiting the generality of
the foregoing, if Administrative Agent is awarded a judgment in any suit brought to
enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such
judgment shall not be deemed to release such Guarantor from its covenant to pay the
portion of the Guaranteed Obligations that is not the subject of such suit, and such
judgment shall not, except to the extent satisfied by such Guarantor, limit, affect,
modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed
Obligations;

               (e) any Beneficiary, upon such terms as it deems appropriate, without notice or
demand and without affecting the validity or enforceability hereof or giving rise to any
reduction, limitation, impairment, discharge or termination of any Guarantor’s liability
hereunder, from time to time may (i) renew, extend, accelerate, increase the rate of
interest on, or otherwise change the time, place, manner or terms of payment of the
Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse
any offer of performance with respect to, or substitutions for, the Guaranteed Obligations
or any agreement relating thereto and/or subordinate the payment of the same to the
payment of any other obligations; (iii) request and accept other guaranties of the
Guaranteed Obligations and take and hold security for the payment hereof or the Guaranteed
Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind,
waive, alter, subordinate or modify, with or without consideration, any security for
payment of the Guaranteed Obligations, any
other guaranties of the Guaranteed Obligations, or any other obligation of any Person

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(including any other Guarantor) with respect to the Guaranteed Obligations; (v) enforce
and apply any security now or hereafter held by or for the benefit of such Beneficiary in
respect hereof or the Guaranteed Obligations and direct the order or manner of sale
thereof, or exercise any other right or remedy that such Beneficiary may have against any
such security, in each case as such Beneficiary in its discretion may determine consistent
herewith and any applicable security agreement, including foreclosure on any such security
pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of any
such sale is commercially reasonable, and even though such action operates to impair or
extinguish any right of reimbursement or subrogation or other right or remedy of any
Guarantor against Company or any security for the Guaranteed Obligations; and (vi)
exercise any other rights available to it under the Credit Documents; and

               (f) this Guaranty and the obligations of Guarantors hereunder shall be valid and
enforceable and shall not be subject to any reduction, limitation, impairment, discharge
or termination for any reason (other than payment in full of the Guaranteed Obligations),
including the occurrence of any of the following, whether or not any Guarantor shall have
had notice or knowledge of any of them: (i) any failure or omission to assert or enforce
or agreement or election not to assert or enforce, or the stay or enjoining, by order of
court, by operation of law or otherwise, of the exercise or enforcement of, any claim or
demand or any right, power or remedy (whether arising under the Credit Documents, at law,
in equity or otherwise) with respect to the Guaranteed Obligations or any agreement
relating thereto, or with respect to any other guaranty of or security for the payment of
the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or
any consent to departure from, any of the terms or provisions (including provisions
relating to events of default) hereof, any of the other Credit Documents, or any agreement
or instrument executed pursuant thereto, or of any other guaranty or security for the
Guaranteed Obligations, in each case whether or not in accordance with the terms hereof or
such Credit Document, or any agreement relating to such other guaranty or security; (iii)
the Guaranteed Obligations, or any agreement relating thereto, at any time being found to
be illegal, invalid or unenforceable in any respect; (iv) the application of payments
received from any source (other than payments received pursuant to the other Credit
Documents or from the proceeds of any security for the Guaranteed Obligations, except to
the extent such security also serves as collateral for indebtedness other than the
Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed
Obligations, even though any Beneficiary might have elected to apply such payment to any
part or all of the Guaranteed Obligations; (v) any Beneficiary’s consent to the change,
reorganization or termination of the corporate structure or existence of AcquisitionCo or
any of its Subsidiaries and to any corresponding restructuring of the Guaranteed
Obligations; (vi) any failure to perfect or continue perfection of a security interest in
any collateral which secures any of the Guaranteed Obligations; (vii) any defenses,
set-offs or counterclaims which Company may allege or assert against any Beneficiary in
respect of the Guaranteed Obligations, including failure of consideration, breach of
warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and
usury; (viii) any other act or thing or omission, or delay to do any other act or thing,
which may or might in any manner or to any extent vary the risk of any Guarantor as an

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obligor in respect of the Guaranteed Obligations; and (ix) any law, regulation, decree
or order of any jurisdiction adversely effecting the Guaranteed Obligations.

     7.5. Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require
any Beneficiary, as a condition of payment or performance by such Guarantor, to (i) proceed against
Company, any other guarantor (including any other Guarantor) of the Guaranteed Obligations or any
other Person, (ii) proceed against or exhaust any security held from Company, any such other
guarantor or any other Person, (iii) proceed against or have resort to any balance of any Deposit
Account or credit on the books of any Beneficiary in favor of Company or any other Person, or (iv)
pursue any other remedy in the power of any Beneficiary whatsoever; (b) any defense arising by
reason of the incapacity, lack of authority or any disability or other defense of Company or any
other Guarantor including any defense based on or arising out of the lack of validity or the
unenforceability of the Guaranteed Obligations or any agreement or instrument relating thereto or
by reason of the cessation of the liability of Company or any other Guarantor from any cause other
than payment in full of the Guaranteed Obligations; (c) any defense based upon any statute or rule
of law which provides that the obligation of a surety must be neither larger in amount nor in other
respects more burdensome than that of the principal; (d) any defense based upon any Beneficiary’s
errors or omissions in the administration of the Guaranteed Obligations, except behavior which
amounts to willful misconduct, gross negligence or bad faith; (e) (i) any principles or provisions
of law, statutory or otherwise, which are or might be in conflict with the terms hereof and any
legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any
statute of limitations affecting such Guarantor’s liability hereunder or the enforcement hereof,
(iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any
requirement that any Beneficiary protect, secure, perfect or insure any security interest or lien
or any property subject thereto; (f) notices, demands, presentments, protests, notices of protest,
notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of
default hereunder, notices of any renewal, extension or modification of the Guaranteed Obligations
or any agreement related thereto, notices of any extension of credit to Company and notices of any
of the matters referred to in Section 7.4 and any right to consent to any thereof; and (g) any
defenses or benefits that may be derived from or afforded by law which limit the liability of or
exonerate guarantors or sureties, or which may conflict with the terms hereof.

     7.6. Guarantors’ Rights of Subrogation, Contribution, etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full and the Term Loan
Commitments shall have terminated, each Guarantor hereby waives any claim, right or remedy, direct
or indirect, that such Guarantor now has or may hereafter have against Company or any other
Guarantor or any of its assets in connection with this Guaranty or the performance by such
Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in
equity, under contract, by statute, under common law or otherwise and including without limitation
(a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may
hereafter have against Company with respect to the Guaranteed Obligations, (b) any right to
enforce, or to participate in, any claim, right or remedy that any Beneficiary now has or may
hereafter have against Company, and (c) any benefit of, and any right to participate in, any
collateral or security now or hereafter held by any Beneficiary. In
addition, until the Guaranteed Obligations shall have been indefeasibly paid in full and the
Term Loan Commitments shall have terminated, each Guarantor shall withhold exercise of any right of
contribution such Guarantor

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may have against any other guarantor (including any other Guarantor) of
the Guaranteed Obligations, including, without limitation, any such right of contribution as
contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or
agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and
contribution as set forth herein is found by a court of competent jurisdiction to be void or
voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor
may have against Company or against any collateral or security, and any rights of contribution such
Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights
any Beneficiary may have against Company, to all right, title and interest any Beneficiary may have
in any such collateral or security, and to any right any Beneficiary may have against such other
guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation,
reimbursement, indemnification or contribution rights at any time when all Guaranteed Obligations
shall not have been finally and indefeasibly paid in full, such amount shall be held in trust for
Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative
Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed
Obligations, whether matured or unmatured, in accordance with the terms hereof.

     7.7. Subordination of Other Obligations. Any Indebtedness of Company or any Guarantor now or hereafter held by any Guarantor (the
“Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, and
any such indebtedness collected or received by the Obligee Guarantor after an Event of Default has
occurred and is continuing shall be held in trust for Administrative Agent on behalf of
Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of
Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting,
impairing or limiting in any manner the liability of the Obligee Guarantor under any other
provision hereof.

     7.8. Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until all of the
Guaranteed Obligations shall have been paid in full and the Term Loan Commitments shall have
terminated. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to
future transactions giving rise to any Guaranteed Obligations.

     7.9. Authority of Guarantors or Company. It is not necessary for any Beneficiary to inquire into the capacity or powers of any
Guarantor or Company or the officers, directors or any agents acting or purporting to act on behalf
of any of them.

     7.10. Financial Condition of Company. Any Loan may be made to Company or continued from time to time, without notice to or
authorization from any Guarantor regardless of the financial or other condition of Company at the
time of any such grant or continuation. No Beneficiary shall have any obligation to disclose or
discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial
condition of Company. Each Guarantor has adequate means to obtain information from
Company on a continuing basis concerning the financial condition of Company and its ability to
perform its obligations under the Credit Documents, and each Guarantor assumes the responsibility
for being and keeping informed of the financial condition of Company and of all circumstances
bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives
and relinquishes any

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duty on the part of any Beneficiary to disclose any matter, fact or thing
relating to the business, operations or conditions of Company now known or hereafter known by any
Beneficiary.

     7.11. Bankruptcy, etc. (a) Without limiting any Guarantor’s ability to file a voluntary bankruptcy petition in
respect of itself, so long as any Guaranteed Obligations remain outstanding, no Guarantor shall,
without the prior written consent of Administrative Agent acting pursuant to the instructions of
Requisite Lenders, commence or join with any other Person in commencing any bankruptcy,
reorganization or insolvency case or proceeding of or against Company or any other Guarantor. The
obligations of Guarantors hereunder shall not be reduced, limited, impaired, discharged, deferred,
suspended or terminated by any case or proceeding, voluntary or involuntary, involving the
bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Company or any
other Guarantor or by any defense which Company or any other Guarantor may have by reason of the
order, decree or decision of any court or administrative body resulting from any such proceeding.

               (b) Each Guarantor acknowledges and agrees that any interest on any portion of the
Guaranteed Obligations which accrues after the commencement of any case or proceeding
referred to in clause (a) above (or, if interest on any portion of the Guaranteed
Obligations ceases to accrue by operation of law by reason of the commencement of such
case or proceeding, such interest as would have accrued on such portion of the Guaranteed
Obligations if such case or proceeding had not been commenced) shall be included in the
Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that
the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be
determined without regard to any rule of law or order which may relieve Company of any
portion of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy,
receiver, debtor in possession, assignee for the benefit of creditors or similar person to
pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any
such interest accruing after the date on which such case or proceeding is commenced.

               (c) In the event that all or any portion of the Guaranteed Obligations are paid by
Company (or any Sponsor pursuant to the terms of the applicable Sponsor Guaranty), the
obligations of Guarantors hereunder shall continue and remain in full force and effect or
be reinstated, as the case may be, in the event that all or any part of such payment(s)
are rescinded or recovered directly or indirectly from any Beneficiary as a preference,
fraudulent transfer or otherwise, and any such payments which are so rescinded or
recovered shall constitute Guaranteed Obligations for all purposes hereunder.

SECTION 8. EVENTS OF DEFAULT

     8.1. Events of Default . If any one or more of the following conditions or events shall occur:

               (a) Failure to Make Payments When Due. Failure by Company to pay (i) when
due any installment of principal of any Loan, whether at stated maturity, by

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acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any
interest on any Loan or any fee or any other amount due hereunder within five days after
the date due; or

               (b) Default in Other Agreements. (i) Failure of any Credit Party or any of
their respective Subsidiaries to pay when due any principal of or interest on or any other
amount payable in respect of one or more items of Indebtedness (other than Indebtedness
referred to in Section 8.1(a)) in an aggregate principal amount of $20,000,000 or more, in
each case beyond the grace period, if any, provided therefor; (ii) breach or default by
any Credit Party with respect to any other material term of (1) one or more items of
Indebtedness in the individual or aggregate principal amounts referred to in clause (i)
above or (2) any loan agreement, mortgage, indenture or other agreement relating to such
item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor,
if the effect of such breach or default is to cause, or to permit the holder or holders of
that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that
Indebtedness to become or be declared due and payable (or redeemable) prior to its stated
maturity or the stated maturity of any underlying obligation, as the case may be; or (iii)
breach or default by Coffeyville Resources under the Swap Agreement, if the effect of such
breach or default is to permit the holder or holders of that Indebtedness to terminate the
Swap Agreement and all or substantially all of the outstanding transactions thereunder; or

               (c) Breach of Certain Covenants. Failure of any Credit Party to perform or
comply with any term or condition contained in Section 2.6, Section 5.2, Section 5.13 or
Section 6; or

               (d) Breach of Representations, etc. Any representation, warranty,
certification or other statement made or deemed made by any Credit Party in any Credit
Document or in any statement or certificate at any time given by any Credit Party or any
of its Subsidiaries in writing pursuant hereto or thereto or in connection herewith or
therewith shall be false in any material respect as of the date made or deemed made; or

               (e) Other Defaults Under Credit Documents. Any Credit Party shall default
in the performance of or compliance with any term contained herein or any of the other
Credit Documents, other than any such term referred to in any other Section of this
Section 8.1, and such default shall not have been remedied or waived within thirty days
after the earlier of (i) an officer of such Credit Party becoming aware of such default or
(ii) receipt by Company of notice from Administrative Agent or any Lender of such default;
or

               (f) Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of
competent jurisdiction shall enter a decree or order for relief in respect of
AcquisitionCo or any of its Significant Subsidiaries in an involuntary case under
the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law
now or hereafter in effect, which decree or order is not stayed; or any other similar
relief shall be granted under any applicable federal or state law; or (ii) an involuntary
case shall be commenced against AcquisitionCo or any of its Significant Subsidiaries

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under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law
now or hereafter in effect; or a decree or order of a court having jurisdiction in the
premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian
or other officer having similar powers over AcquisitionCo or any of its Significant
Subsidiaries, or over all or a substantial part of its property, shall have been entered;
or there shall have occurred the involuntary appointment of an interim receiver, trustee
or other custodian of AcquisitionCo or any of its Significant Subsidiaries for all or a
substantial part of its property; or a warrant of attachment, execution or similar process
shall have been issued against any substantial part of the property of AcquisitionCo or
any of its Significant Subsidiaries, and any such event described in this clause (ii)
shall continue for sixty days without having been dismissed, bonded or discharged; or

               (g) Voluntary Bankruptcy; Appointment of Receiver, etc. (i) AcquisitionCo
or any of its Significant Subsidiaries shall have an order for relief entered with respect
to it or shall commence a voluntary case under the Bankruptcy Code or under any other
applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall
consent to the entry of an order for relief in an involuntary case, or to the conversion
of an involuntary case to a voluntary case, under any such law, or shall consent to the
appointment of or taking possession by a receiver, trustee or other custodian for all or a
substantial part of its property; or AcquisitionCo or any of its Significant Subsidiaries
shall make any assignment for the benefit of creditors; or (ii) AcquisitionCo or any of
its Significant Subsidiaries shall be unable, or shall fail generally, or shall admit in
writing its inability, to pay its debts as such debts become due; or the board of
directors (or similar governing body) of AcquisitionCo or any of its Significant
Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize
any action to approve any of the actions referred to herein or in Section 8.1(f); or

               (h) Judgments and Attachments. Any money judgment, writ or warrant of
attachment or similar process involving at any time an amount in excess of $20,000,000 in
the aggregate (to the extent not adequately covered by insurance as to which a solvent and
unaffiliated insurance company has acknowledged coverage) shall be entered or filed
against AcquisitionCo or any of its Subsidiaries or any of their respective assets and
shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty days (or
in any event later than five days prior to the date of any proposed sale thereunder); or

               (i) Dissolution. Any order, judgment or decree shall be entered against
any AcquisitionCo or any Significant Subsidiary decreeing the dissolution or split up of
such Person and such order shall remain undischarged or unstayed for a period in excess of
sixty days; or

               (j) Employee Benefit Plans. (i) There shall occur one or more ERISA Events
which individually or in the aggregate results in or might reasonably be expected to
result in liability of AcquisitionCo, any of its Subsidiaries or any of their respective
ERISA Affiliates in excess of $20,000,000 during the term hereof; or

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(ii) there exists any
fact or circumstance that reasonably could be expected to result in the imposition of a
Lien or security interest under Section 412(n) of the Internal Revenue Code or under ERISA
on property or assets with a fair market value in excess of $20,000,000;

               (k) Change of Control. A Change of Control shall occur; or

               (l) Guaranties and other Credit Documents. At any time after the execution
and delivery thereof, (i) the Guaranty for any reason, other than the satisfaction in full
of all Obligations, shall cease to be in full force and effect (other than in accordance
with its terms) or shall be declared to be null and void or any Guarantor shall repudiate
in writing its obligations thereunder, (ii) either Sponsor Guaranty for any reason, other
than the satisfaction in full of all Obligations, shall cease to be in full force and
effect (other than in accordance with its terms) or shall be declared to be null and void
or any Sponsor party to a Sponsor Guaranty shall repudiate in writing its obligations
thereunder, (iii) this Agreement ceases to be in full force and effect (other than by
reason of the satisfaction in full of the Obligations in accordance with the terms hereof)
or shall be declared null and void, or (iv) any Credit Party or either Sponsor party to a
Sponsor Guaranty (with respect to such Sponsor’s Sponsor Guaranty) shall contest the
validity or enforceability of any Credit Document in writing or deny in writing that it
has any further liability, including with respect to future advances by Lenders, under any
Credit Document to which it is a party;

THEN, (1) upon the occurrence of any Event of Default described in Section 8.1(f), 8.1(g) or
8.1(l)(ii) with respect to the Company, automatically, and (2) upon the occurrence of any other
Event of Default, at the request of (or with the consent of) Requisite Lenders, upon notice to
Company by Administrative Agent, (A) the Term Loan Commitments, if any, of each Lender having such
Term Loan Commitments shall immediately terminate; and (B) each of the following shall immediately
become due and payable, in each case without presentment, demand, protest or other requirements of
any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal
amount of and accrued interest on the Loans, and (II) all other Obligations.

SECTION 9. ADMINISTRATIVE GENT

     Appointment of Administrative Agent. GSCP is hereby appointed Administrative Agent hereunder
and under the other Credit Documents and each Lender hereby authorizes Administrative Agent to act
as its agent in accordance with the terms hereof and the other Credit Documents. Administrative
Agent hereby agrees to act upon the express conditions contained herein and the other Credit
Documents, as applicable. The provisions of this Section 9 are solely
for the benefit of Administrative Agent and Lenders and no Credit Party shall have any rights
as a third party beneficiary of any of the provisions thereof. In performing its functions and
duties hereunder, the Administrative Agent shall act solely as an agent of Lenders and does not
assume and shall not be deemed to have assumed any obligation towards or relationship of agency or
trust with or for AcquisitionCo or any of its Subsidiaries.

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     9.1. Powers and Duties. Each Lender irrevocably authorizes the Administrative Agent to take such action on such
Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other
Credit Documents as are specifically delegated or granted to the Administrative Agent by the terms
hereof and thereof, together with such powers, rights and remedies as are reasonably incidental
thereto. The Administrative Agent shall have only those duties and responsibilities that are
expressly specified herein and the other Credit Documents. The Administrative Agent may exercise
such powers, rights and remedies and perform such duties by or through its agents or employees.
The Administrative Agent shall not have, by reason hereof or any of the other Credit Documents, a
fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit
Documents, expressed or implied, is intended to or shall be so construed as to impose upon the
Administrative Agent any obligations in respect hereof or any of the other Credit Documents except
as expressly set forth herein or therein. Administrative Agent hereby agrees that it shall (i)
furnish to the Arranger, upon the Arranger’s request, a copy of the Register, (ii) cooperate with
the Arranger in granting access to any Lenders who the Arranger identifies to the Platform and
(iii) maintain the Arranger’s access to the Information Site.

     9.2. General Immunity.

               (a) No Responsibility for Certain Matters. The Administrative Agent shall
not be responsible to any Lender for the execution, effectiveness, genuineness, validity,
enforceability, collectability or sufficiency hereof or any other Credit Document or for
any representations, warranties, recitals or statements made herein or therein or made in
any written or oral statements or in any financial or other statements, instruments,
reports or certificates or any other documents furnished or made by the Administrative
Agent to Lenders or by or on behalf of any Credit Party, and Lender or any person
providing the Settlement Service to the Administrative Agent or any Lender in connection
with the Credit Documents and the transactions contemplated thereby or for the financial
condition or business affairs of any Credit Party or any other Person liable for the
payment of any Obligations, nor shall the Administrative Agent be required to ascertain or
inquire as to the performance or observance of any of the terms, conditions, provisions,
covenants or agreements contained in any of the Credit Documents or as to the use of the
proceeds of the Loans or any knowledge as to the existence or possible existence of any
Event of Default or Default or to make any disclosures with respect to the foregoing.
Anything contained herein to the contrary notwithstanding, Administrative Agent shall not
have any liability arising from confirmations of the amount of outstanding Loans, the
performance or observance of any of the covenants, agreements or other terms or conditions
set forth herein or therein or the occurrence of any Default or any Event of Default.

               (b) Exculpatory Provisions. Neither the Administrative Agent nor any of
its officers, partners, directors, employees or agents shall be liable to Lenders for any
action taken or omitted by the Administrative Agent under or in connection with any of the
Credit Documents except to the extent such action or omission resulted from the
Administrative Agent’s gross negligence or willful misconduct. The Administrative Agent
shall be entitled to refrain from any act or the taking of any action (including the
failure to take an action) in connection herewith or any of the other Credit Documents

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or from the exercise of any power, discretion or authority vested in it hereunder or
thereunder unless and until the Administrative Agent shall have received instructions in
respect thereof from Requisite Lenders (or such other Lenders as may be required to give
such instructions under Section 10.5), and, upon receipt of such instructions from
Requisite Lenders (or such other Lenders, as the case may be), the Administrative Agent
shall be entitled to act or (where so instructed) refrain from acting, or to exercise such
power, discretion or authority, in accordance with such instructions. Without prejudice
to the generality of the foregoing, (i) the Administrative Agent shall be entitled to
rely, and shall be fully protected in relying, upon any communication, instrument or
document believed by it to be genuine and correct and to have been signed or sent by the
proper Person or Persons, including any Settlement Confirmation or other communication
issued by any Settlement Service, and shall be entitled to rely and shall be protected in
relying on opinions and judgments of attorneys (who may be attorneys for AcquisitionCo and
its Subsidiaries), accountants, experts and other professional advisors selected by it;
and (ii) no Lender shall have any right of action whatsoever against the Administrative
Agent as a result of the Administrative Agent acting or (where so instructed) refraining
from acting hereunder or any of the other Credit Documents in accordance with the
instructions of Requisite Lenders (or such other Lenders as may be required to give such
instructions under Section 10.5).

               (c) Delegation of Duties. Administrative Agent may perform any and all of
its duties and exercise its rights and powers under this Agreement or under any other
Credit Document by or through any one or more sub-agents appointed by Administrative
Agent. Administrative Agent and any such sub-agent may perform any and all of its duties
and exercise its rights and powers by or through their respective Affiliates. The
exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6
shall apply to any of the Affiliates of Administrative Agent and shall apply to its
activities in connection with the syndication of the credit facilities provided for herein
as well as activities as Administrative Agent. All of the rights, benefits, and
privileges (including the exculpatory and indemnification provisions) of this Section 9.3
and of Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such
sub-agent, and shall apply to their respective activities as sub-agent as if such
sub-agent and Affiliates were named herein. Notwithstanding anything herein to the
contrary, with respect to each sub-agent appointed by the Administrative Agent, (i) such
sub-agent shall be a third party beneficiary under this Agreement with respect to all such
rights, benefits and privileges (including exculpatory rights and rights to
indemnification) and shall have all of the rights and benefits of a third party
beneficiary, including an independent right of action to enforce such rights, benefits and
privileges (including exculpatory rights and rights to indemnification) directly, without
the consent or joinder of any other Person, against any or all of the Credit
Parties and the Lenders, (ii) such rights, benefits and privileges (including
exculpatory rights and rights to indemnification) shall not be modified or amended without
the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to
Administrative Agent, and not to any Credit Party, Lender or any other Person and no
Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as
a third party beneficiary or otherwise, against such sub-agent.

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     9.3. Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the rights and powers of,
or impose any duties or obligations upon, the Administrative Agent in its individual capacity as a
Lender hereunder. With respect to its participation in the Loans, the Administrative Agent shall
have the same rights and powers hereunder as any other Lender and may exercise the same as if it
were not performing the duties and functions delegated to it hereunder, and the term “Lender”
shall, unless the context clearly otherwise indicates, include the Administrative Agent in its
individual capacity. The Administrative Agent and its Affiliates may accept deposits from, lend
money to, own securities of, and generally engage in any kind of banking, trust, financial advisory
or other business with AcquisitionCo or any of its Affiliates as if it were not performing the
duties specified herein, and may accept fees and other consideration from Company for services in
connection herewith and otherwise without having to account for the same to Lenders.

     9.4. Lenders’ Representations, Warranties and Acknowledgment.

               (a) Each Lender represents and warrants that it has made its own independent
investigation of the financial condition and affairs of AcquisitionCo and its Subsidiaries
in connection with Loans hereunder and that it has made and shall continue to make its own
appraisal of the creditworthiness of AcquisitionCo and its Subsidiaries. The
Administrative Agent shall not have any duty or responsibility, either initially or on a
continuing basis, to make any such investigation or any such appraisal on behalf of
Lenders or to provide any Lender with any credit or other information with respect
thereto, whether coming into its possession before the making of the Loans or at any time
or times thereafter, and the Administrative Agent shall not have any responsibility with
respect to the accuracy of or the completeness of any information provided to Lenders.

               (b) Each Lender, by delivering its signature page to this Agreement, shall be
deemed to have acknowledged receipt of, and consented to and approved, each Credit
Document and each other document required to be approved by the Administrative Agent,
Requisite Lenders or Lenders, as applicable on the Closing Date.

     9.5. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify the
Administrative Agent (and any prior Administrative Agent), to the extent that the Administrative
Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including
counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may
be imposed on, incurred by or asserted against the Administrative Agent in exercising its
powers, rights and remedies or performing its duties hereunder or under the other Credit Documents
or otherwise in its capacity as the Administrative Agent in any way relating to or arising out of
this Agreement or the other Credit Documents; provided, no Lender shall be liable for any
portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements except to the extent that such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulted from the
Administrative Agent’s gross negligence or willful misconduct. If any indemnity furnished to the
Administrative Agent for any purpose shall, in the opinion of the Administrative Agent, be
insufficient or become impaired, the Administrative Agent may call

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for additional indemnity and
cease, or not commence, to do the acts indemnified against until such additional indemnity is
furnished; provided, in no event shall this sentence require any Lender to indemnify the
Administrative Agent against any liability, obligation, loss, damage, penalty, action, judgment,
suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and
provided further, this sentence shall not be deemed to require any Lender to
indemnify the Administrative Agent against any liability, obligation, loss, damage, penalty,
action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately
preceding sentence.

     9.6. Successor Administrative Agent Administrative Agent may resign at any time by giving five days’ prior written notice thereof
to Lenders and Company, and Administrative Agent may be removed at any time with or without cause
by an instrument or concurrent instruments in writing delivered to Company and Administrative Agent
and signed by Requisite Lenders. Upon any such notice of resignation or any such removal,
Requisite Lenders shall have the right, upon one Business Day’s notice to Company, to appoint a
successor Administrative Agent with the consent of Company, not to be unreasonably withheld. Upon
the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative
Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all
the rights, powers, privileges and duties of the retiring or removed Administrative Agent,
whereupon such retiring or removed Administrative Agent shall be discharged from its duties and
obligations hereunder. If the Requisite Lenders have not appointed a successor Administrative
Agent, Administrative Agent shall have the right to appoint a financial institution to act as
Administrative Agent hereunder and in any case, Administrative Agent’s resignation shall become
effective on the third day after such notice of resignation. If neither the Requisite Lenders nor
Administrative Agent have appointed a successor Administrative Agent, the Requisite Lenders shall
be deemed to succeeded to and become vested with all the rights, powers, privileges and duties of
the retiring Administrative Agent After any retiring or removed Administrative Agent’s resignation
or removal hereunder as Administrative Agent, the provisions of this Section 9 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent
hereunder.

     9.7. Guaranty.

               (a) Administrative Agent under Guaranty. Each Lender hereby further
authorizes Administrative Agent, on behalf of and for the benefit of Lenders, to be the
agent for and representative of Lenders with respect to the Guaranty and the Sponsor
Guaranties. Subject to Section 10.5, without further written consent or
authorization from Lenders, Administrative Agent may execute any documents or instruments
necessary to (i) release any Guarantor from the Guaranty pursuant to Section 7.12 or with
respect to which Requisite Lenders (or such other Lenders as may be required to give such
consent under Section 10.5) have otherwise consented or (ii) release any Sponsor from the
applicable Sponsor Guaranty in accordance with the terms thereof or with respect to which
Requisite Lenders (or such other Lenders as may be required to give such consent under
Section 10.5) have otherwise consented.

               (b) Right to Enforce Guaranty. Anything contained in any of the Credit
Documents to the contrary notwithstanding, Company, Administrative Agent

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and each Lender
hereby agree that (i) no Lender shall have any right individually to enforce the Guaranty
or any Sponsor Guaranty, it being understood and agreed that all powers, rights and
remedies hereunder may be exercised solely by Administrative Agent, on behalf of Lenders
in accordance with the terms hereof.

SECTION 10. MISCELLANEOUS

     10.1. Notices.

          (a) Notices Generally. Unless otherwise specifically provided herein, any notice or
other communication herein required or permitted to be given to a Credit Party, Arranger, or
Administrative Agent shall be sent to such Person’s address as set forth on Appendix B or in the
other relevant Credit Document, and in the case of any Lender, the address as indicated on Appendix
B or otherwise indicated to Administrative Agent in writing. Each notice hereunder shall be in
writing and may be personally served, telexed or sent by telefacsimile or United States mail or
courier service and shall be deemed to have been given when delivered in person or by courier
service and signed for against receipt thereof, upon receipt of telefacsimile or telex, or three
Business Days after depositing it in the United States mail with postage prepaid and properly
addressed; provided, no notice to the Administrative Agent shall be effective until
received by the Administrative Agent; provided further, any such notice or other
communication shall at the request of the Administrative Agent be provided to any sub-agent
appointed pursuant to Section 9.3(c) hereto as designated by the Administrative Agent from time to
time.

          (b) Electronic Communications.

               (i) Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites,
including the Platform) pursuant to procedures approved by Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 if such Lender has notified Administrative Agent that it is incapable of receiving
notices under such Section by electronic communication. Administrative Agent or Company
may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it, provided that
approval of such procedures may be limited to
particular notices or communications. Unless Administrative Agent otherwise
prescribes, (i) notices and other communications sent to an e-mail address shall be deemed
received upon the sender’s receipt of an acknowledgement from the intended recipient (such
as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent
during the normal business hours of the recipient, such notice or communication shall be
deemed to have been sent at the opening of business on the next Business Day for the
recipient, and (ii) notices or communications posted to an Internet or intranet website
shall be deemed received upon the deemed receipt by the intended recipient at its e-mail
address as described in the foregoing clause (i) of notification that such notice or
communication is available and identifying the website address therefor.

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               (ii) Each of the Credit Parties understands that the distribution of material through
an electronic medium is not necessarily secure and that there are confidentiality and other
risks associated with such distribution and agrees and assumes the risks associated with
such electronic distribution, except to the extent caused by the willful misconduct or gross
negligence of Administrative Agent.

               (iii) The Platform and any Approved Electronic Communications are provided “as is”
and “as available”. Neither the Administrative Agent nor any of its respective officers,
directors, employees, agents, advisors or representatives (the “Agent Affiliates”) warrant
the accuracy, adequacy, or completeness of the Approved Electronic Communications or the
Platform and each expressly disclaims liability for errors or omissions in the Platform and
the Approved Electronic Communications. No warranty of any kind, express, implied or
statutory, including any warranty of merchantability, fitness for a particular purpose,
non-infringement of third party rights or freedom from viruses or other code defects is made
by the Agent Affiliates in connection with the Platform or the Approved Electronic
Communications.

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               (iv) Each of the Credit Parties, the Lenders and the Administrative Agent agree that
Administrative Agent may, but shall not be obligated to, store any Approved Electronic
Communications on the Platform in accordance with Administrative Agent’s customary document
retention procedures and policies.

     10.2. Expenses. Upon the execution and delivery of this Agreement, Company agrees to pay promptly (a) all
the actual and reasonable out-of-pocket costs and expenses of preparation of the Credit Documents
and any consents, amendments, waivers or other modifications thereto; (b) all the reasonable
out-of-pocket costs of furnishing all opinions by counsel for Company and the other Credit Parties;
(c) the reasonable out-of-pocket fees, expenses and disbursements of one special counsel to
Administrative Agent, one local counsel in each relevant jurisdiction and one counsel to the
Administrative Agent in connection with the negotiation, preparation, execution and administration
of the Credit Documents and any consents, amendments, waivers or other modifications thereto and
any other documents or matters requested by Company; (d) all the actual costs and reasonable fees,
expenses and disbursements of any auditors, accountants, consultants or appraisers; (e) all other
actual and reasonable out-of-pocket costs and expenses incurred by the Administrative Agent in
connection with the syndication of the Loans and Term Loan Commitments and the negotiation,
preparation and execution of the Credit Documents and any consents, amendments, waivers or other
modifications thereto and the transactions contemplated thereby; and (f) after the occurrence of a
Default or an Event of Default, all costs and expenses, including reasonable attorneys’ fees and
costs of settlement, incurred by the Administrative Agent and Lenders in enforcing any Obligations
of or in collecting any payments due from any Credit Party hereunder or under the other Credit
Documents or from any Sponsor under any Sponsor Guaranty by reason of such Default or Event of
Default (including in connection with the enforcement of the Guaranty or any Sponsor Guaranty) or
in connection with any refinancing or restructuring of the credit arrangements provided hereunder
in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings.

     10.3. Indemnity.

               (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not
the transactions contemplated hereby shall be consummated, each Credit Party agrees to
defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless,
the Arranger, Administrative Agent, Lender and the officers, partners, directors,
trustees, employees, agents, sub-agents and Affiliates of the Administrative Agent and
each Lender (each, an “Indemnitee”), from and against any and all Indemnified Liabilities;
provided, no Credit Party shall have any obligation to any Indemnitee hereunder
with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities
have been found by a final, non-appealable judgment of a court of competent jurisdiction
to have resulted from the gross negligence or willful misconduct of that Indemnitee. To
the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in
this Section 10.3 may be unenforceable in whole or in part because they are violative of
any law or public policy, the applicable Credit Party shall contribute the maximum portion
that it is permitted to pay and satisfy
under applicable law to the payment and satisfaction of all Indemnified Liabilities
incurred by Indemnitees or any of them.

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               (b) To the extent permitted by applicable law, no Credit Party shall assert, and
each Credit Party hereby waives, any claim against Lenders, the Arranger, the
Administrative Agent and their respective Affiliates, directors, employees, attorneys,
agents or sub-agents, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) (whether or not the claim
therefor is based on contract, tort or duty imposed by any applicable legal requirement)
arising out of, in connection with, arising out of, as a result of, or in any way related
to, this Agreement or any Credit Document or any agreement or instrument contemplated
hereby or thereby or referred to herein or therein, the transactions contemplated hereby
or thereby, any Loan or the use of the proceeds thereof or any act or omission or event
occurring in connection therewith, and AcquisitionCo and Company hereby waives, releases
and agrees not to sue upon any such claim or any such damages, whether or not accrued and
whether or not known or suspected to exist in its favor.

     10.4. Set-Off. In addition to any rights now or hereafter granted under applicable law and not by way of
limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby
authorized by each Credit Party at any time or from time to time, without notice to any Credit
Party or to any other Person (other than Administrative Agent), any such notice being hereby
expressly waived, to set off and to appropriate and to apply any and all deposits (general or
special, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured,
but not including trust accounts) and any other Indebtedness at any time held or owing by such
Lender to or for the credit or the account of any Credit Party against and on account of the
obligations and liabilities of any Credit Party to such Lender hereunder, and under the other
Credit Documents, including all claims of any nature or description arising out of or connected
hereto, or with any other Credit Document, irrespective of whether or not (a) such Lender shall
have made any demand hereunder or (b) the principal of or the interest on the Loans or any other
amounts due hereunder shall have become due and payable pursuant to Section 2 and although such
obligations and liabilities, or any of them, may be contingent or unmatured.

     10.5. Amendments and Waivers.

               (a) Requisite Lenders’ Consent. Subject to Section 10.5(b) and 10.5(c), no
amendment, modification, termination or waiver of any provision of the Credit Documents,
or consent to any departure by any Credit Party therefrom, shall in any event be effective
without the written concurrence of the Requisite Lenders.

               (b) Affected Lenders’ Consent. Without the written consent of each Lender
(other than a Defaulting Lender) that would be affected thereby, no amendment,
modification, termination, or consent shall be effective if the effect thereof would:

               (i) extend the scheduled final maturity of any Loan or Note;

               (ii) [Reserved];

               (iii) [Reserved];

               (iv) [Reserved];

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               (v) reduce the rate of interest on any Loan (other than any waiver of any increase in
the interest rate applicable to any Loan pursuant to Section 2.10) or any fee payable
hereunder;

               (vi) extend the time for payment of any such interest or fees;

               (vii) reduce the principal amount of any Loan;

               (viii) terminate or release any Sponsor Guaranty;

               (ix) amend, modify, terminate or waive any provision of this Section 10.5(b) or
Section 10.5(c);

               (x) amend the definition of “Requisite Lenders” or “Pro Rata Share”;
provided, with the consent of Requisite Lenders, additional extensions of credit
pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata
Share” on substantially the same basis as the Term Loan Commitments and the Term Loans are
included on the Closing Date; or

               (xi) release all or substantially all of the Guarantors from the Guaranty except as
expressly provided in the Credit Documents.

               (c) Other Consents. No amendment, modification, termination or waiver of
any provision of the Credit Documents, or consent to any departure by any Credit Party
therefrom, shall:

               (i) increase any Term Loan Commitment of any Lender over the amount thereof then in
effect without the consent of such Lender; provided, no amendment, modification or
waiver of any condition precedent, covenant, Default or Event of Default shall constitute an
increase in any Term Loan Commitment of any Lender;

               (ii) [Reserved];

               (iii) [Reserved];

               (iv) [Reserved];

               (v) [Reserved];

               (vi) [Reserved]; or

               (vii) amend, modify, terminate or waive any provision of Section 9 as the same
applies to the Administrative Agent, or any other provision hereof as the same
applies to the rights or obligations of the Administrative Agent, in each case without
the consent of the Administrative Agent.

               (d) Execution of Amendments, etc. Administrative Agent may, but shall have
no obligation to, with the concurrence of any Lender, execute amendments,

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modifications,
waivers or consents on behalf of such Lender. Any waiver or consent shall be effective
only in the specific instance and for the specific purpose for which it was given. No
notice to or demand on any Credit Party in any case shall entitle any Credit Party to any
other or further notice or demand in similar or other circumstances. Any amendment,
modification, termination, waiver or consent effected in accordance with this Section 10.5
shall be binding upon each Lender at the time outstanding, each future Lender and, if
signed by a Credit Party, on such Credit Party.

     10.6. Successors and Assigns; Participations.

               (a) Generally. This Agreement shall be binding upon the parties hereto and
their respective successors and assigns and shall inure to the benefit of the parties
hereto and the successors and assigns of Lenders. No Credit Party’s rights or obligations
hereunder nor any interest therein may be assigned or delegated by any Credit Party
without the prior written consent of all Lenders. Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto,
their respective successors and assigns permitted hereby and, to the extent expressly
contemplated hereby, Affiliates of each of the Administrative Agent and Lenders) any legal
or equitable right, remedy or claim under or by reason of this Agreement.

               (b) Register. Company, Administrative Agent and Lenders shall deem and
treat the Persons listed as Lenders in the Register as the holders and owners of the
corresponding Term Loan Commitments and Loans listed therein for all purposes hereof, and
no assignment or transfer of any such Term Loan Commitment or Loan shall be effective, in
each case, unless and until recorded in the Register following receipt of (x) a written or
electronic confirmation of an assignment issued by a Settlement Service pursuant to
Section 10.6(d) (a “Settlement Confirmation”) or (y) an Assignment Agreement effecting the
assignment or transfer thereof, in each case, as provided in Section 10.6(d). Each
assignment shall be recorded in the Register promptly and a copy of such Assignment
Agreement or Settlement Confirmation shall be maintained, as applicable. The date of such
recordation of a transfer shall be referred to herein as the “Assignment Effective Date.”
Any request, authority or consent of any Person who, at the time of making such request or
giving such authority or consent, is listed in the Register as a Lender shall be
conclusive and binding on any subsequent holder, assignee or transferee of the
corresponding Commitments or Loans.

               (c) Right to Assign. Each Lender shall have the right at any time to sell,
assign or transfer all or a portion of its rights and obligations under this Agreement,
including, without limitation, all or a portion of its Term Loan Commitment or Loans owing
to it or other Obligations (provided, however, that each
such assignment shall be of a uniform, and not varying, percentage of all rights and
obligations under and in respect of any Loan and any related Term Loan Commitments):

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               (i) to any Person meeting the criteria of clause (i) of the definition of the term of
“Eligible Assignee” upon the giving of notice to Company and Administrative Agent; and

               (ii) to any Person meeting the criteria of clause (ii) of the definition of the term
of “Eligible Assignee” and consented to by Administrative Agent (such consent not to be
unreasonably withheld or delayed), with notice to the Company, except in the case of
assignments by or to the Arranger; provided, further each such assignment pursuant
to this Section 10.6(c)(ii) shall be in an aggregate amount of not less than $1,000,000 (or
such lesser amount as may be agreed to by Administrative Agent or as shall constitute the
aggregate amount of the Term Loan Commitments and Term Loans of the assigning Lender) with
respect to the assignment of Term Loans.

               (d) Mechanics. Assignments and assumptions of Term Loans and Term Loan
Commitments by Lenders shall be effected by manual execution and delivery to
Administrative Agent of an Assignment Agreement. Assignments made pursuant to the
foregoing provision shall be effective as of the Assignment Effective Date. In connection
with all assignments there shall be delivered to Administrative Agent such forms,
certificates or other evidence, if any, with respect to United States federal income tax
withholding matters as the assignee under such Assignment Agreement may be required to
deliver pursuant to Section 2.20(c), together with payment to the Administrative Agent of
a resignation and processing fee of $3,500 (except that no such registration and
processing fee shall be payable (y) in connection with an assignment by or to GSCP or any
Affiliate thereof or (z) in the case of an Assignee which is already a Lender or is an
affiliate or Related Fund of a Lender or a Person under common management with a Lender).

               (e) Representations and Warranties of Assignee. Each Lender, upon
execution and delivery hereof or upon succeeding to an interest in the Term Loan
Commitments and Term Loans, as the case may be, represents and warrants as of the Closing
Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee; (ii) it
has experience and expertise in the making of or investing in commitments or loans such as
the Term Loan Commitments or Term Loans, as the case may be; and (iii) it will make or
invest in, as the case may be, its Term Loan Commitments or Term Loans for its own account
in the ordinary course of its business and without a view to distribution of such Term
Loan Commitments or Term Loans within the meaning of the Securities Act or the Exchange
Act or other federal securities laws (it being understood that, subject to the provisions
of this Section 10.6, the disposition of such Term Loan Commitments or Term Loans or any
interests therein shall at all times remain within its exclusive control).

               (f) Effect of Assignment. Subject to the terms and conditions of this
Section 10.6, as of the “Assignment Effective Date” (i) the assignee thereunder shall
have the rights and obligations of a “Lender” hereunder to the extent of its interest
in the Loans and Term Loan Commitments as reflected in the Register and shall thereafter
be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender
thereunder shall, to the extent that rights and obligations hereunder have been assigned

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to the assignee, relinquish its rights (other than any rights which survive the
termination hereof under Section 10.8) and be released from its obligations hereunder
(and, in the case of an assignment covering all or the remaining portion of an assigning
Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto on
the Assignment Effective Date; provided, anything contained in any of the Credit
Documents to the contrary notwithstanding, such assigning Lender shall continue to be
entitled to the benefit of all indemnities hereunder as specified herein with respect to
matters arising out of the prior involvement of such assigning Lender as a Lender
hereunder); (iii) the Term Loan Commitments shall be modified to reflect the Commitment of
such assignee and any Term Loan Commitment of such assigning Lender, if any; and (iv) if
any such assignment occurs after the issuance of any Note hereunder, the assigning Lender
shall, upon the effectiveness of such assignment or as promptly thereafter as practicable,
surrender its applicable Notes to Administrative Agent for cancellation, and thereupon
Company shall issue and deliver new Notes, if so requested by the assignee and/or
assigning Lender, to such assignee and/or to such assigning Lender, with appropriate
insertions, to reflect the new Term Loan Commitments and/or outstanding Loans of the
assignee and/or the assigning Lender.

               (g) Participations. Each Lender shall have the right at any time to sell
one or more participations to any Person (other than AcquisitionCo, any of its
Subsidiaries or any of its Affiliates) in all or any part of its Term Loan Commitments,
Loans or in any other Obligation. The holder of any such participation, other than an
Affiliate of the Lender granting such participation, shall not be entitled to require such
Lender to take or omit to take any action hereunder except with respect to any amendment,
modification or waiver that would (i) extend the final scheduled maturity of any Loan or
Note in which such participant is participating, or reduce the rate or extend the time of
payment of interest or fees thereon (except in connection with a waiver of applicability
of any post-default increase in interest rates) or reduce the principal amount thereof, or
increase the amount of the participant’s participation over the amount thereof then in
effect (it being understood that a waiver of any Default or Event of Default shall not
constitute a change in the terms of such participation, and that an increase in any Term
Loan Commitment or Loan shall be permitted without the consent of any participant if the
participant’s participation is not increased as a result thereof) or (ii) consent to the
assignment or transfer by any Credit Party of any of its rights and obligations under this
Agreement. Company agrees that each participant shall be entitled to the benefits of
Sections 2.18(c), 2.19 and 2.20 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to paragraph (c) of this Section; provided,
(i) a participant shall not be entitled to receive any greater payment under Sections
2.18(c), 2.19 or 2.20 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such participant, unless the sale of the
participation to such participant is made with Company’s prior written consent and (ii)
subject to clause (i) above, a participant that would be a Non-US Lender (or that would
otherwise be required to deliver a form referred to in Section
2.20(c) to avoid deduction or withholding of United States federal income tax with
respect to payments made by a Credit Party under any of the Credit Documents) if it were a
Lender shall not be entitled to the benefits of Section 2.20 unless Company is notified of
the participation sold to such participant and such participant agrees, for the

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benefit of
Company, to be subject to Section 2.20 as though it were a Lender; provided
further that, except as specifically set forth in clauses (i) and (ii) of this
sentence, nothing herein shall require any notice to the Company or any other Person in
connection with the sale of any participation. To the extent permitted by law, each
participant also shall be entitled to the benefits of Section 10.4 as though it were a
Lender, provided such Participant agrees to be subject to Section 2.17 as though
it were a Lender.

               (h) Certain Other Assignments and Participations. In addition to any other
assignment or participation permitted pursuant to this Section 10.6, any Lender may assign
and/or pledge all or any portion of its Loans, the other Obligations owed by or to such
Lender, and its Notes, if any, to secure obligations of such Lender including, without
limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of
the Board of Governors of the Federal Reserve System and any operating circular issued by
such Federal Reserve Bank; provided, that no Lender, as between Company and such
Lender, shall be relieved of any of its obligations hereunder as a result of any such
assignment and pledge, and provided further, that in no event shall the
applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be
entitled to require the assigning Lender to take or omit to take any action hereunder.

     10.7. Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or
condition is not permitted by any of such covenants, the fact that it would be permitted by an
exception to, or would otherwise be within the limitations of, another covenant shall not avoid the
occurrence of a Default or an Event of Default if such action is taken or condition exists.

     10.8. Survival of Representations, Warranties and Agreements. All representations, warranties and agreements made herein shall survive the execution and
delivery hereof and the making of any Credit Extension. Notwithstanding anything herein or implied
by law to the contrary, the agreements of each Credit Party set forth in Sections 2.18(c), 2.19,
2.20, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.17, 9.3(b) and 9.6
shall survive the payment of the Loans and the termination hereof.

     10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of the Administrative Agent or any Lender in the exercise
of any power, right or privilege hereunder or under any other Credit Document shall impair such
power, right or privilege or be construed to be a waiver of any default or acquiescence therein,
nor shall any single or partial exercise of any such power, right or privilege preclude other or
further exercise thereof or of any other power, right or privilege. The rights, powers and
remedies given to the Administrative Agent and each Lender hereby are cumulative and shall be in
addition to and independent of all rights, powers and remedies existing by virtue of any statute or
rule of law or in any of the other Credit Documents. Any forbearance or failure
to exercise, and any delay in exercising, any right, power or remedy hereunder shall not
impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it
preclude the further exercise of any such right, power or remedy.

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     10.10. Marshalling; Payments Set Aside. Neither the Administrative Agent nor any Lender shall be under any obligation to marshal
any assets in favor of any Credit Party or any other Person or against or in payment of any or all
of the Obligations. To the extent that any Credit Party makes a payment or payments to
Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or the
Administrative Agent or Lenders exercise their rights of setoff, and such payment or payments or
the proceeds of such setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any
other party under any bankruptcy law, any other state or federal law, common law or any equitable
cause, then, to the extent of such recovery, the obligation or part thereof originally intended to
be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and
continued in full force and effect as if such payment or payments had not been made or such setoff
had not occurred.

     10.11. Severability. In case any provision in or obligation hereunder or under any other Credit Document shall
be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability
of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby.

     10.12. Obligations Several; Independent Nature of Lenders’ Rights. The obligations of Lenders hereunder are several and no Lender shall be responsible for the
obligations or Term Loan Commitment of any other Lender hereunder. Nothing contained herein or in
any other Credit Document, and no action taken by Lenders pursuant hereto or thereto, shall be
deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of
entity. The amounts payable at any time hereunder to each Lender shall be a separate and
independent debt, and each Lender shall be entitled to protect and enforce its rights arising out
hereof and it shall not be necessary for any other Lender to be joined as an additional party in
any proceeding for such purpose.

     10.13. Headings. Section headings herein are included herein for convenience of reference only and shall not
constitute a part hereof for any other purpose or be given any substantive effect.

     10.14. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED
BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD REQUIRE APPLICATION OF LAWS OF
ANOTHER STATE.

     10.15. CONSENT TO JURISDICTION. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY HERETO ARISING OUT OF OR RELATING HERETO
OR ANY OTHER CREDIT DOCUMENT, OR ANY OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL
COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND
DELIVERING THIS AGREEMENT OR ANY ASSIGNMENT AGREEMENT, EACH PARTY HERETO, FOR ITSELF AND IN
CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (a) ACCEPTS GENERALLY AND

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UNCONDITIONALLY THE
NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS;
(c) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE PARTY AT ITS ADDRESS
PROVIDED IN ACCORDANCE WITH SECTION 10.1; (d) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (c) ABOVE
IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN
ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (e)
AGREES ADMINISTRATIVE AGENT AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER
JURISDICTION.

     10.16. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF
ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT
DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR
THE LENDER/COMPANY RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO
BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE
SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS
AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS
A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS
WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS
RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED
THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL
RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY
NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SECTION 10.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE
OTHER CREDIT DOCUMENTS OR
TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

     10.17. Confidentiality. The Administrative Agent (which term shall for the purposes of this Section 10.17 include
the Arranger), and each Lender shall hold all non-public information regarding AcquisitionCo,
Company and their respective Subsidiaries and their businesses identified as such by Company and
obtained by such Lender pursuant to the requirements hereof

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in accordance with such Lender’s
customary procedures for handling confidential information of such nature, it being understood and
agreed by Company that, in any event, the Administrative Agent and each Lender may make (i)
disclosures of such information to Affiliates of such Lender or Administrative Agent and to their
respective agents and advisors (and to other Persons authorized by a Lender or Administrative Agent
to organize, present or disseminate such information in connection with disclosures otherwise made
in accordance with this Section 10.17) in each case, who agree to keep the information confidential
in accordance with this Section 10.17, (ii) disclosures of such information reasonably required by
any bona fide or potential assignee, transferee or participant in connection with the contemplated
assignment, transfer or participation of any Loans or any participations therein or by any direct
or indirect contractual counterparties (or the professional advisors thereto) to any swap or
derivative transaction relating to the Company and its obligations (provided, such assignees,
transferees, participants, counterparties and advisors are advised of and agree to be bound by
either the provisions of this Section 10.17 or other provisions at least as restrictive as this
Section 10.17), (iii) disclosure to any rating agency when required by it, provided that, prior to
any disclosure, such rating agency shall undertake in writing to preserve the confidentiality of
any confidential information relating to the Credit Parties received by it from the Administrative
Agent or any Lender, (iv) disclosures in connection with the exercise of remedies hereunder or
under any other Credit Document or any Sponsor Guaranty, and (v) disclosures required or requested
by any governmental agency or representative thereof or by the NAIC or pursuant to legal or
judicial process; provided, unless specifically prohibited by applicable law or court order, each
Lender and the Administrative Agent shall make reasonable efforts to notify Company of any request
by any governmental agency or representative thereof (other than any such request in connection
with any examination of the financial condition or other routine examination of such Lender by such
governmental agency) for disclosure of any such non-public information prior to disclosure of such
information. In addition, the Administrative Agent and each Lender may disclose the existence of
this Agreement and the information about this Agreement to market data collectors, similar services
providers to the lending industry, and service providers to the Administrative Agent and the
Lenders in connection with the administration and management of this Agreement and the other Credit
Documents.

     10.18. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with
respect to any of the Obligations, including all charges or fees in connection therewith deemed in
the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate
of interest (determined without regard to the preceding sentence) under this Agreement at any time
exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear
interest at the Highest Lawful Rate until the total amount of interest due hereunder
equals the amount of interest which would have been due hereunder if the stated rates of
interest set forth in this Agreement had at all times been in effect. In addition, if when the
Loans made hereunder are repaid in full the total interest due hereunder (taking into account the
increase provided for above) is less than the total amount of interest which would have been due
hereunder if the stated rates of interest set forth in this Agreement had at all times been in
effect, then to the extent permitted by law, Company shall pay to Administrative Agent an amount
equal to the difference between the amount of interest paid and the amount of interest which would
have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the
foregoing, it is the intention of Lenders and Company to conform strictly to any applicable usury
laws. Accordingly, if any Lender contracts for,

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charges, or receives any consideration which
constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled
automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding
amount of the Loans made hereunder or be refunded to Company.

     10.19. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument.

     10.20. Effectiveness. This Agreement shall become effective upon the execution of a counterpart hereof by each of
the parties hereto and receipt by Company and Administrative Agent of written or telephonic
notification of such execution and authorization of delivery thereof.

     10.21. Patriot Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby
notifies each Credit Party that pursuant to the requirements of the Act, it is required to obtain,
verify and record information that identifies each Credit Party, which information includes the
name and address of each Credit Party and other information that will allow such Lender or
Administrative Agent, as applicable, to identify such Credit Party in accordance with the Act.

     10.22. Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment
Agreement shall be deemed to include electronic signatures or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually
executed signature or the use of a paper-based recordkeeping system, as the case may be, to the
extent and as provided for in any applicable law, including the Federal Electronic Signatures in
Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any
other similar state laws based on the Uniform Electronic Transactions Act.

     10.23. No Fiduciary Duty. The Administrative Agent, the Arranger, each Lender and their Affiliates (collectively,
solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict
with those of Company. Company agrees that nothing in the Credit Documents or otherwise will be
deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied
duty between the Lenders and Company, its stockholders or its affiliates. You acknowledge and
agree that (i) the transactions contemplated by the Credit Documents are arm’s-length commercial
transactions between the Lenders, on the one hand, and Company, on the other, (ii) in connection
therewith and with the process leading to such transaction each of the Lenders is acting solely as
a principal and not the agent or fiduciary of the Borrower, its management, stockholders, creditors
or any other person, (iii) no Lender has assumed an advisory or fiduciary responsibility in favor
of Company with respect to the transactions contemplated hereby or the process leading thereto
(irrespective of whether any Lender or any of its affiliates has advised or is currently advising
Company on other matters) or any other obligation to Company except the obligations expressly set
forth in the Credit Documents and (iv) Company has consulted its own legal and financial advisors
to the extent it deemed appropriate. Company further acknowledges and agrees that it is
responsible for making its own independent judgment with respect to such transactions and the
process leading thereto.

102

 

Company agrees that it will not claim that any Lender has rendered
advisory services of any nature or respect, or owes a fiduciary or similar duty to Company, in
connection with such transaction or the process leading thereto.

[Remainder of page intentionally left blank]

103

 

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

	 	 	 	 	 
	 	COFFEYVILLE REFINING & MARKETING HOLDINGS, INC.

 	 
	 	By:  	/s/  James
T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 

	 	 	 	 	 
	 	COFFEYVILLE ACQUISITION, LLC

 	 
	 	By:  	/s/  James
T. Rens	 
	 	 	Name:	  James T. Rens	 
	 	 	Title:	  Chief Financial Officer	 
	 

Parent Credit Agreement

 

 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger and Sole Bookrunner

 	 
	 	By:  	/s/  Walter
A. Jackson	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Parent Credit Agreement

 

 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Administrative Agent

 	 
	 	By:  	/s/  Walter
A. Jackson	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Parent Credit Agreement

 

 

APPENDIX A

TO CREDIT AND GUARANTY AGREEMENT

Term Loan Commitments

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Pro
	                                  Lender	 	Term Loan Commitment	 	Rata Share
	Goldman Sachs Credit Partners L.P.
	 	$	75,000,000	 	 	 	100	%
	                          Total
	 	$	75,000,000	 	 	 	100	%

APPENDIX A-1

 

 

APPENDIX B

TO CREDIT AND GUARANTY AGREEMENT

Notice Addresses

COFFEYVILLE REFINING & MARKETING

HOLDINGS, INC.

and each other Credit Party

Coffeyville Resources, LLC

10 East Cambridge Circle, Suite #250

Kansas City, Kansas 66103

Attention: James T. Rens

Telecopier: (913) 981-0000

in each case, with a copy to:

Goldman Sachs Capital Partners

85 Broad Street, 10th Floor

New York, NY 10004

Attention: Ken Pontarelli

Telecopier: (212) 357-5505

and

Kelso & Company

320 Park Ave., 24th Floor

New York, New York 10022

Attn: James Connors — Managing Director & General Counsel

Telecopier: (212) 223-2379

APPENDIX B-2

 

 

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger, Sole Bookrunner, Administrative Agent and a Lender

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: Lawrence Writer

Telecopier: (212) 902-3000

with a copies to:

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: SBD Operations

Telecopier: (212) 428-1622

E-mail: gsd.link@gs.com

APPENDIX B-3

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