Document:

exv10w11

Exhibit 10.11

 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

CVR PARTNERS, LP

Dated as of [      ], 2011

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	Section 1. Registrations Upon Request
	 	 	1	 
	1.1. Requests by the Unitholder
	 	 	1	 
	1.2. Registration Statement Form
	 	 	4	 
	1.3. Expenses
	 	 	5	 
	1.4. Effective Registration Statement
	 	 	5	 
	1.5. Right to Withdraw
	 	 	6	 
	1.6. Priority in Demand Registrations
	 	 	6	 
	 
	 	 	 	 
	Section 2. Incidental Registrations
	 	 	6	 
	 
	 	 	 	 
	Section 3. Registration Procedures
	 	 	8	 
	 
	 	 	 	 
	Section 4. Underwritten Offerings
	 	 	14	 
	4.1. Underwriting Agreement
	 	 	14	 
	4.2. Selection of Underwriters
	 	 	14	 
	 
	 	 	 	 
	Section 5. Holdback Agreements
	 	 	14	 
	 
	 	 	 	 
	Section 6. Preparation; Reasonable Investigation
	 	 	16	 
	 
	 	 	 	 
	Section 7. Indemnification
	 	 	16	 
	7.1. Indemnification by the Partnership
	 	 	16	 
	7.2. Indemnification by the Sellers
	 	 	17	 
	7.3. Notices of Claims, etc.
	 	 	18	 
	7.4. Other Indemnification
	 	 	18	 
	7.5. Indemnification Payments
	 	 	18	 
	7.6. Other Remedies
	 	 	19	 
	 
	 	 	 	 
	Section 8. Representations and Warranties
	 	 	19	 
	 
	 	 	 	 
	Section 9. Definitions
	 	 	20	 
	 
	 	 	 	 
	Section 10. Miscellaneous
	 	 	21	 
	10.1. Rule 144, etc.
	 	 	21	 
	10.2. Successors, Assigns and Transferees
	 	 	22	 
	10.3. Splits, etc.
	 	 	22	 
	10.4. Amendment and Modification
	 	 	22	 
	10.5. Governing Law; Venue and Service of Process
	 	 	23	 
	10.6. Invalidity of Provision
	 	 	23	 
	10.7. Reserved
	 	 	23	 
	10.8. Notices
	 	 	23	 
	10.9. Headings: Execution in Counterparts
	 	 	24	 

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	 	 	Page	 
	10.10. Injunctive Relief
	 	 	24	 
	10.11. Term
	 	 	24	 
	10.12. Further Assurances
	 	 	24	 
	10.13. Entire Agreement
	 	 	25	 

ii

 

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT

of CVR Partners, LP

          AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT, dated as of March __, 2011 (the
“Agreement”), by and among CVR Partners, LP, a Delaware limited partnership (the
“Partnership”), and Coffeyville Resources, LLC, a Delaware limited liability company (the
“Unitholder”). Capitalized terms used herein without definition are defined in Section
9.

          WHEREAS, the Partnership, the Unitholder and CVR Special GP, LLC, a direct wholly-owned
subsidiary of Unitholder (the “Special General Partner”), were parties to the original
Registration Rights Agreement, which provided for registration under the Securities Act of the
Partnership units issued to the Unitholder and the Special General Partner pursuant to that certain
Contribution, Conveyance and Assumption Agreement by and among the Partnership, the Unitholder,
Special GP and CVR GP, LLC (the “Original Contribution Agreement”) entered into in
connection with the Partnership’s formation;

          WHEREAS, on the date hereof, in connection with the Partnership’s initial public offering, the
Partnership, the Unitholder and certain other parties amended and restated the Original
Contribution Agreement (the “Amended Contribution Agreement”);

          WHEREAS, pursuant to the Amended Contribution Agreement, (a) all of the units held by the
Unitholder and Special GP were exchanged for common units representing limited partner interests in
the Partnership (“Common Units”) and (b) Special GP was merged with and into the
Unitholder, with the Unitholder remaining as the surviving entity; and

          WHEREAS, the Partnership and the Unitholder (on behalf of itself and as successor in interest
to the Special General Partner) have agreed to amend the Original Registration Rights Agreement
pursuant to Section 11.4 thereof to provide the registration and other rights set forth in this
Agreement for the benefit of the Unitholder;

          NOW, THEREFORE, in consideration of the mutual covenants and obligations set forth in this
Agreement, the parties hereto agree as follows:

     Section 1. Registrations Upon Request

     1.1. Requests by the Unitholder

     (a) Notice of Request. The Unitholder shall have the right to make up
to six requests (each, a “Demand Registration”) that the Partnership effect
the registration under the Securities Act of all or a portion of the Registrable
Securities Beneficially Owned by the Unitholder (the Unitholder, in such capacity,
the “Initiating Unitholder”), each such request to specify the number
of Registrable Securities to be registered and the intended method or methods
of disposition thereof; provided that, with respect to any shelf
registration requested by the Initiating Unitholder pursuant to Section
1.1(b) (which initial request shall

 

 

count as a request for purposes of this
Section 1.1), each subsequent request by the Initiating Unitholder that the
Partnership sell Registrable Securities from such Shelf Registration Statement (as
such term is defined in part (b) of this Section 1.1) that is not made
simultaneously with such initial request shall be counted as an additional request
for purposes of this Section 1.1. Upon any such request (each, a
“Demand Request Notice”), the Partnership will promptly, but in any event
within 5 days, give written notice of such request to all holders of Registrable
Securities and thereupon the Partnership will, subject to Section 1.4:

     (i) use its best efforts to effect the prompt registration under the
Securities Act of

     (A) the Registrable Securities which the Partnership has been so
requested to register by the Initiating Unitholder, and

     (B) all other Registrable Securities which the Partnership has
been requested to register by the holders thereof by written request
given to the Partnership by such holders within 30 days after the
giving of such written notice by the Partnership to such holders (or,
15 days if, at the request of the Initiating Unitholder, the
Partnership states in such written notice or gives telephonic notice
to each holder of Registrable Securities, with written confirmation
to follow promptly thereafter, stating that (i) such registration
will be on Form S-3 and (ii) such shorter period of time is required
because of a planned filing date),

all to the extent required to permit the disposition of the
Registrable Securities so to be registered in accordance with the
intended method or methods of disposition of the Initiating
Unitholder and any “Participating Unitholders,” which term
shall refer to any Permitted Transferee that exercises its right to
participate in the registration initiated by the Initiating
Unitholder, which intended method or methods of distribution may
include, at the option of the Initiating Unitholder or the
Participating Unitholders, as applicable, a distribution of such
Registrable Securities to, and resale of such Registrable Securities
by, the shareholders, members or partners of the Unitholder or the
equity owners of the Unitholder (a “Partner Distribution”);
and

     (ii) if requested by the Initiating Unitholder or any Participating
Unitholders, as applicable, obtain acceleration of the effective date of the
registration statement relating to such registration. Notwithstanding
anything contained herein to the contrary, the Partnership
shall, at the request of the Initiating Unitholder or any Participating
Unitholders, as applicable, seeking to effect a Partner Distribution, file
any prospectus supplement or post-effective amendments and shall otherwise

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take any action necessary to include such language, if such language was not
included in the initial registration statement, or revise such language if
deemed necessary by the Unitholder, to effect such Partner Distribution.

     (b) Shelf Registration. The right of the Unitholder to request a
registration of Registrable Securities pursuant to Section 1.1(a) shall
include the right from and after the first anniversary of the Initial Public
Offering to request that the Partnership file a registration statement to permit the
requesting holder to sell Registrable Securities on a delayed or continuous basis
pursuant to Rule 415 under the Securities Act (or any similar rule that may be
adopted by the Commission) in accordance with the intended method or methods of
disposition by such requesting holder (a “Shelf Registration Statement”).
Notwithstanding anything to the contrary herein,

     (i) upon any Shelf Registration Statement having been declared
effective, the Partnership shall use reasonable best efforts to keep such
Shelf Registration Statement continuously effective in order to permit the
prospectus included therein to be usable by the holders of Registrable
Securities until the earlier of (x) such time as all Registrable Securities
that could be sold under such Shelf Registration Statement have been sold or
are no longer outstanding; (y) two years from the date of effectiveness; and
(z) the date that the Unitholder can sell all Registrable Securities
Beneficially Owned by it in accordance with Rule 144 under the Securities
Act without any volume or manner limitations pursuant thereto;

     (ii) if at any time following the effectiveness of any Shelf
Registration Statement the Unitholder desires to sell Registrable Securities
pursuant thereto, the Unitholder shall notify the Partnership of such intent
at least ten Business Days prior to any such sale (any such proposed
transaction, a “Take-down Transaction”), and the Partnership
thereupon shall prepare and file within ten Business Days after receipt of
such notice a prospectus supplement or post-effective amendment to the Shelf
Registration Statement, as necessary, to permit the consummation of such
Take-down Transaction;

     (iii) upon receipt of notice from the Unitholder regarding a Take-down
Transaction as provided in clause (ii) of this Section 1.1(b), the
Partnership shall immediately deliver notice to any other holders of
Registrable Securities whose Registrable Securities have been included in
such Shelf Registration Statement and shall permit such holders to
participate in such Take-down Transaction (subject to Section 1.4),
it being understood, for the avoidance of doubt, that no holder other than
the Unitholder shall have the right to initiate a Take-down Transaction;

     (iv) each holder who participates in a Take-down Transaction shall be
deemed through such participation to have represented to the

3

 

Partnership
that any information previously supplied by such holder to the Partnership
in writing for inclusion in the Shelf Registration Statement, unless
modified by such holder by written notice to the Partnership, remains
accurate as of the date of the prospectus supplement or amendment to the
Shelf Registration Statement, as applicable; and

     (v) if the continued use of such Shelf Registration Statement at any
time would require the Partnership to make any public disclosure of
material, non-public information, disclosure of which, in the good faith
judgment of the Board of Directors of CVR GP, LLC, after consultation with
independent outside counsel to the Partnership, (i) would be required to be
made in any registration statement filed with the Commission by the
Partnership so that such registration statement would not be materially
misleading and (ii) would not be required to be made at such time but for
the filing of such registration statement; and the Partnership has a bona
fide business purpose for not disclosing such information publicly, the
Partnership may, upon giving prompt written notice of such action to the
holders of Registrable Securities, suspend use of the Shelf Registration
Statement (a “Shelf Suspension”); provided, however,
that the Partnership shall not be permitted to exercise a Shelf Suspension
(x) more than once during any 12 month period or (y) for a period exceeding
45 days on any one occasion. In the case of a Shelf Suspension, the holders
of Registrable Securities agree to suspend use of the applicable prospectus
in connection with any sale or purchase of, or offer to sell or purchase,
Registrable Securities, upon receipt of the notice referred to above. Upon
the written request of either the Initiating Unitholder or the Participating
Unitholders, the Partnership shall provide such holder of Registrable
Securities in writing with a general statement of the reasons for such
postponement and an approximation of the anticipated delay. The Partnership
shall immediately notify the holders of Registrable Securities upon the
termination of any Shelf Suspension, amend or supplement the prospectus, if
necessary, so it does not contain any untrue statement of a material fact or
omission and furnish to the holders of Registrable Securities such numbers
of copies of the prospectus as so amended or supplemented as such holders
may reasonably request. The Partnership agrees, if necessary, to supplement
or make amendments to the Shelf Registration Statement, if required by the
registration form used by the Partnership for the shelf registration or by
the instructions applicable to such registration form or by the Securities
Act or as may reasonably be requested by the Majority Holders.

     1.2. Registration Statement Form. A registration requested pursuant to Section 1.1
shall be effected by the filing of a
registration statement on a form of the Commission (i) selected by the Majority Holders, which form
shall be reasonably acceptable to the Partnership; provided that the Partnership agrees that, at
the request of the Initiating Unitholder,

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at such time as the Partnership becomes a “well-known
seasoned issuer,” as such term is defined in Rule 405 under the Securities Act, the Partnership
will register an offering pursuant to Section 1.1 on an “automatic shelf registration statement,”
as such term is defined in Rule 405 under the Securities Act; provided, that the Partnership is
advised by independent outside counsel that filing an “automatic shelf registration statement” for
registration of the Registrable Securities will not cause the Partnership to be an “ineligible
issuer,” as such term is defined in Rule 405 under the Securities Act and (ii) which shall permit
the disposition of Registrable Securities in accordance with the intended method or methods of
disposition specified in such request for registration, including, without limitation, a Partner
Distribution or, as provided above, a continuous or delayed basis offering pursuant to Rule 415
under the Securities Act. The Partnership agrees to include in any such registration statement all
information which, in the opinion of counsel to the Initiating Unitholder, counsel to any
Participating Unitholder and counsel to the Partnership, is necessary or desirable to be included
therein.

     1.3. Expenses. The Partnership shall pay, and shall be responsible for, all Registration Expenses in
connection with any registration requested under Section 1.1; provided that each seller of
Registrable Securities shall pay all Registration Expenses to the extent required to be paid by
such seller under applicable law and all underwriting discounts and commissions and transfer taxes,
if any, in respect of the Registrable Securities being registered for such seller.

     1.4. Effective Registration Statement. A registration requested pursuant to Section 1.1 shall not be deemed a Demand Registration
(including for purposes of Section 1.1(a)) unless a registration statement with respect thereto has
become effective and has been kept continuously effective for a period of at least 180 days (or
such shorter period which shall terminate when all the Registrable Securities covered by such
registration statement have been sold pursuant thereto) or, if such registration statement relates
to an underwritten offering, such longer period as in the opinion of counsel for the underwriter or
underwriters a prospectus is required by law to be delivered in connection with sales of
Registrable Securities by an underwriter or dealer. Should a Demand Registration not become
effective due to the failure of a holder of Registrable Securities participating in such offering
of Registrable Securities (a “Participating Holder”) to perform its obligations under this
Agreement, or in the event the Initiating Unitholder withdraws or does not pursue its request for
the Demand Registration as provided for in Section 1.6 below (in each of the foregoing cases,
provided that at such time the Partnership is in compliance in all material respects with its
obligations under this Agreement), then, such Demand Registration shall be deemed to have been
effected (including for purposes of Section 1.1(a)); provided, that, if (i) the Demand Registration
does not become effective because a material adverse change has occurred, or is reasonably likely
to occur, in the condition (financial or otherwise), prospects, business, assets or results of
operations of the Partnership and its subsidiaries taken as a whole subsequent to the
date of the delivery of the Demand Request Notice, (ii) after the Demand Registration has
become effective, such registration is interfered with by any stop order, injunction, or other
order or requirement of the Commission or other governmental agency or court, (iii) the Demand
Registration is withdrawn at the request of the Initiating Unitholder due to the advice of the
managing underwriter(s) that the Registrable Securities covered by the registration statement could
not be sold in such offering within a price range acceptable to the Initiating Unitholder, or (iv)
the Initiating Unitholder reimburses the Partnership for any and all

5

 

Registration Expenses incurred
by the Partnership in connection with such request for a Demand Registration that was withdrawn or
not pursued, then the Demand Registration shall not be deemed to have been effected and will not
count as a Demand Registration.

     1.5. Right to Withdraw. Any Participating Holder shall have the right to withdraw its request for inclusion of
Registrable Securities in any registration statement pursuant to Section 1.1 at any time prior to
the effective date of such registration statement by giving written notice to the Partnership of
its request to withdraw. Upon receipt of notices from all Participating Holders to such effect, the
Partnership shall cease all efforts to obtain effectiveness of the applicable registration
statement, and whether the Initiating Unitholder’s request for registration pursuant to Section 1.1
shall be counted as a Demand Registration for purposes of Section 1.6 shall be determined in
accordance with Section 1.4 above.

     1.6. Priority in Demand Registrations. Whenever the Partnership effects a registration pursuant to Section 1.1 in connection with
an underwritten offering, no securities other than Registrable Securities shall be included among
the securities covered by such registration unless the Majority Holders consent in writing to the
inclusion therein of such other securities, which consent may be subject to terms and conditions
determined by the Majority Holders in their sole discretion. If a registration pursuant to Section
1.1 involves an underwritten offering, and the managing underwriter (or, in the case of an offering
which is not underwritten, a nationally recognized investment banking firm) shall advise the
Partnership in writing (with a copy to each Person requesting registration of Registrable
Securities) that, in its opinion, the number of securities requested, and otherwise proposed to be
included in such registration, exceeds the number which can be sold in such offering without
materially and adversely affecting the offering price, the Partnership shall include in such
registration, to the extent of the number which the Partnership is so advised can be sold in such
offering without such material adverse effect, first, the Registrable Securities of the Initiating
Unitholder and the Participating Unitholders requesting inclusion in such registration, on a pro
rata basis (based on the number of shares of Registrable Securities owned by the Unitholder), and
second, the securities, if any, being sold by the Partnership. In the event of any such
determination under this Section 1.4, the Partnership shall give the affected holders of
Registrable Securities notice of such determination and in lieu of the notice otherwise required
under Section 1.1.

     Section 2. Incidental Registrations. If the Partnership at any time proposes to register any of its equity securities under the
Securities Act (other than a registration on Form S-4 or S-8 or any successor form or an “automatic
shelf registration statement” on Form S-3 if the Partnership would otherwise qualify as a “WKSI”
and has been advised by independent outside counsel that filing an “automatic shelf registration
statement” for registration of the Registrable Securities would not cause the Partnership to be an
“ineligible issuer,” as such term is defined in Rule 405 under the Securities Act) whether or not
for sale for its own account, then the Partnership shall give prompt written notice (but in no
event less than 30 days prior to the initial filing with respect thereto) to all holders of
Registrable Securities regarding such proposed registration. Upon the written request of any such
holder made within 15 days after the receipt of any such notice (which request shall specify the
number of Registrable Securities intended to be disposed of by such holder and the intended method
or methods of disposition thereof), the Partnership shall use its best efforts to effect the
registration under the Securities Act of such

6

 

Registrable Securities on a pro rata basis in
accordance with such intended method or methods of disposition; provided that:

     (a) the Partnership shall not include Registrable Securities in such proposed
registration to the extent that the Board of Directors of CVR GP, LLC shall have
determined, after consultation with the managing underwriter for such offering, that
it would materially and adversely affect the offering price to include any
Registrable Securities in such registration and provided, further,
that the Partnership shall give the affected holders of Registrable Securities
notice of such determination and in lieu of the notice otherwise required by the
first sentence of this Section 2;

     (b) if, at any time after giving written notice (pursuant to this Section
2) of its intention to register equity securities and prior to the effective
date of the registration statement filed in connection with such registration, the
Partnership shall determine for any reason not to register such equity securities,
the Partnership may, at its election, give written notice of such determination to
each holder of Registrable Securities and, thereupon, shall not be obligated to
register any Registrable Securities in connection with such registration (but shall
nevertheless pay the Registration Expenses in connection therewith), without
prejudice, however, to the rights of the Unitholder that a registration be effected
under Section 1.1; and

     (c) if in connection with a registration pursuant to this Section 2,
the managing underwriter of such registration (or, in the case of an offering that
is not underwritten, a nationally recognized investment banking firm) shall advise
the Partnership in writing (with a copy to each holder of Registrable Securities
requesting. registration thereof) that the number of securities requested
and otherwise proposed to be included in such registration exceeds the number which
can be sold in such offering without materially and adversely affecting the offering
price of the securities being sold in such registration, then in the case of any
registration pursuant to this Section 2, the Partnership shall include in
such registration to the extent of the number which the Partnership is so advised
can be sold in such offering without such material adverse effect, first,
the securities, if
any, being sold by the Partnership, and second, the Registrable
Securities of the Unitholder requesting inclusion in such registration and
Partnership Securities of other Persons who have been granted registration rights or
are granted registration rights on or after the date of this Agreement, to the
extent such other Persons have been granted registration rights that are pari passu
to the rights of the Unitholder hereunder, on a pro rata basis (based on the number
of shares of Registrable Securities owned by the Unitholder and the number of
Partnership Securities of any such other Persons).

          The Partnership shall pay all Registration Expenses in connection with each registration of
Registrable Securities requested pursuant to this Section 2; provided that each seller of
Registrable Securities shall pay all Registration Expenses to the extent required to be

7

 

paid by
such seller under applicable law and all underwriting discounts and commissions and transfer taxes,
if any, in respect of the Registrable Securities being registered for such seller. No registration
effected under this Section 2 shall relieve the Partnership from its obligation to effect
registrations under Section 1.1.

     Section 3. Registration Procedures. If and whenever the Partnership is required to use its best efforts to effect the
registration of any Registrable Securities under the Securities Act pursuant to Sections
1.1 or 2, the Partnership shall promptly:

     (a) prepare, and as soon as practicable, but in any event within 30 days
thereafter, file with the Commission, a registration statement with respect to such
Registrable Securities, make all required filings with FINRA and use its best
efforts to cause such registration statement to become and remain effective as soon
as practicable;

     (b) prepare and promptly file with the Commission such amendments and
post-effective amendments and supplements to such registration statement and the
prospectus used in connection therewith as may be necessary to keep such
registration statement effective for so long as is required to comply with the
provisions of the Securities Act and to complete the disposition of all securities
covered by such registration statement in accordance with the intended method or
methods of disposition thereof, but in no event for a period of more than six months
after such registration statement becomes effective (except as provided in
Section 1.1(b)(i));

     (c) furnish copies of all documents proposed to be filed with the Commission in
connection with such registration to (i) counsel selected by the Initiating
Unitholder and counsel selected by any Participating Unitholders either of which
counsel may also be counsel to the Partnership, and (ii) each seller of Registrable
Securities (or in the case of the initial filing of a registration statement, within
five business days of such initial filing) and such documents shall be subject to
the review of such counsel; provided that the Partnership shall
not file any registration statement or any amendment or post-effective
amendment or supplement to such registration statement or the prospectus used in
connection therewith or any free writing prospectus related thereto to which such
counsel shall have reasonably objected on the grounds that such registration
statement amendment, supplement or prospectus or free writing prospectus does not
comply (explaining why) in all material respects with the requirements of the
Securities Act or of the rules or regulations thereunder;

     (d) furnish to each seller of Registrable Securities, without charge, such
number of conformed copies of such registration statement and of each such amendment
and supplement thereto (in each case including all exhibits and documents filed
therewith) and such number of copies of the prospectus included in such registration
statement (including each preliminary prospectus and any summary prospectus) and any
other prospectus filed under Rule 424 under the

8

 

Securities Act, in conformity with
the requirements of the Securities Act, each free writing prospectus utilized in
connection therewith, and such other documents, as such seller may reasonably
request in order to facilitate the disposition of the Registrable Securities owned
by such seller in accordance with the intended method or methods of disposition
thereof;

     (e) use its best efforts to register or qualify such Registrable Securities and
other securities covered by such registration statement under the securities or blue
sky laws of such jurisdictions as each seller shall reasonably request, and do any
and all other acts and things which may be necessary or advisable to enable such
seller to consummate the disposition of such Registrable Securities in such
jurisdictions in accordance with the intended method or methods of disposition
thereof; provided that the Partnership shall not for any such purpose be
required to qualify generally to do business in any jurisdiction wherein it is not
so qualified, subject itself to taxation in any jurisdiction wherein it is not so
subject, or take any action which would subject it to general service of process in
any jurisdiction wherein it is not so subject;

     (f) use its best efforts to cause all Registrable Securities covered by such
registration statement to be registered with or approved by such other governmental
agencies, authorities or self-regulatory bodies as may be necessary by virtue of the
business and operations of the Partnership to enable the seller or sellers thereof
to consummate the disposition of such Registrable Securities in accordance with the
intended method or methods of disposition thereof;

     (g) furnish to the Initiating Unitholder and any Participating Unitholders:

     (i) an opinion of counsel for the Partnership experienced in securities
law matters, dated the effective date of the registration statement (and, if
such registration includes an underwritten public offering, the date of the
closing under the underwriting agreement), and

     (ii) a “comfort” letter (unless the registration is pursuant to
Section 2 and such a letter is not otherwise being furnished to the
Partnership), dated the effective date of such registration statement (and
if such registration includes an underwritten public offering, dated the
date of the closing under the underwriting agreement), signed by the
independent public accountants who have issued an audit report on the
Partnership’s financial statements included in the registration statement,

covering such matters as are customarily covered in opinions of issuer’s counsel and
in accountants’ letters delivered to the underwriters in underwritten public
offerings of securities and such other matters as the Initiating Unitholder and any
Participating Unitholders may reasonably request;

9

 

     (h) promptly notify each seller of any Registrable Securities covered by such
registration statement at any time when a prospectus relating thereto is required to
be delivered under the Securities Act of the happening of any event or existence of
any fact as a result of which the prospectus included in such registration
statement, as then in effect, includes an untrue statement of a material fact or
omits to state any material fact required to be stated therein or necessary to make
the statements therein not misleading in light of the circumstances then existing,
and, as promptly as is practicable, prepare and furnish to such seller a reasonable
number of copies of a supplement to or an amendment of such prospectus as may be
necessary so that, as thereafter delivered to the purchasers of such securities,
such prospectus shall not include an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances then existing;

     (i) otherwise comply with all applicable rules and regulations of the
Commission, and make available to its security holders, as soon as reasonably
practicable and in any event within 16 months after the effective date of the
registration statement, an earnings statement of the Partnership (in form complying
with the provisions of Rule 158 under the Securities Act) covering the period of at
least 12 months, but not more than 18 consecutive months, beginning with the first
full calendar month after the effective date of such registration statement;

     (j) notify each seller of any Registrable Securities covered by such
registration statement (i) when the prospectus or any prospectus supplement or
post-effective amendment or any free writing prospectus has been filed and/or used,
and, with respect to such registration statement or any post-effective amendment,
when the same has become effective, (ii) of the receipt by the Partnership of any
comments from the Commission or of any request by the Commission for amendments or
supplements to such registration statement or to amend or to supplement such
prospectus or for additional information, (iii) of the issuance by the Commission of
any stop order suspending the effectiveness of
such registration statement or the initiation of any proceedings for that
purpose and (iv) of the suspension of the qualification of such securities for
offering or sale in any jurisdiction, or of the institution of any proceedings for
any of such purposes;

     (k) use every reasonable effort to obtain the lifting of any stop order that
might be issued suspending the effectiveness of such registration statement at the
earliest possible moment;

     (l) use its best efforts (i) (A) to list such Registrable Securities on any
securities exchange on which the equity securities of the Partnership are then
listed or, if no such equity securities are then listed, on an exchange selected by
the Partnership, if such listing is then permitted under the rules of such exchange,

10

 

or (B) if such listing is not practicable, to secure designation of such securities
as a NASDAQ “national market system security” within the meaning of Rule 11Aa2-1
under the Exchange Act or, failing that, to secure NASDAQ authorization for such
Registrable Securities, and, without limiting the foregoing, to arrange for at least
two market makers to register as such with respect to such Registrable Securities
with FINRA, and (ii) to provide a transfer agent and registrar for such Registrable
Securities not later than the effective date of such registration statement and to
instruct such transfer agent (A) to release any stop transfer order with respect to
the certificates with respect to the Registrable Securities being sold and (B) to
furnish certificates without restrictive legends (other than those that apply
generally to all Partnership Securities) representing ownership of the shares being
sold, in such denominations requested by the sellers of the Registrable Securities
or the lead underwriter;

     (m) enter into such agreements and take such other actions as the sellers of
Registrable Securities or the underwriters reasonably request in order to expedite
or facilitate the disposition of such Registrable Securities, including, without
limitation, preparing for, and participating in, such number of “road shows” and all
such other customary selling efforts as the underwriters reasonably request in order
to expedite or facilitate such disposition;

     (n) furnish to any holder of such Registrable Securities such information and
assistance as such holder may reasonably request in connection with any “due
diligence” effort which such seller deems appropriate;

     (o) cooperate with each seller of Registrable Securities and each underwriter
and their respective counsel in connection with any filings required to be made with
FINRA, the New York Stock Exchange, or any other securities exchange on which such
Registrable Securities are traded or will be traded;

     (p) cooperate with the sellers of the Registrable Securities and the managing
underwriter to facilitate the timely preparation and delivery of certificates not
bearing any restrictive legends (other than those that apply
generally to all Partnership Securities) representing the Registrable
Securities to be sold, and cause such Registrable Securities to be issued in such
denominations and registered in such names in accordance with the underwriting
agreement prior to any sale of Registrable Securities to the underwriters or, if not
an underwritten offering, in accordance with the instructions of the Majority
Holders at least five business days prior to any sale of Registrable Securities and
instruct any transfer agent and registrar of Registrable Securities to release any
stop transfer orders in respect thereof;

     (q) cause its officers and employees to participate in, and to otherwise
facilitate and cooperate with the preparation of the registration statement and
prospectus and any amendments or supplements thereto (including participating

11

 

in meetings, drafting sessions and due diligence sessions) taking into account the
Partnership’s business needs;

     (r) use its best efforts to take all other steps necessary to effect the
registration of such Registrable Securities contemplated hereby;

     (s) take all reasonable action to ensure that any free writing prospectus
utilized in connection with any registration covered by this agreement complies in
all material respects with the Securities Act, is filed in accordance with the
Securities Act to the extent required thereby, is retained in accordance with the
Securities Act to the extent required thereby and, when taken together with the
related prospectus, prospectus supplement and related documents, will not contain
any untrue statement of a material fact or omit to state a material fact necessary
to make the statements therein, in light of the circumstances under which they were
made, not misleading; and

     (t) in connection with any underwritten offering, if at any time the
information conveyed to a purchaser at the time of sale includes any untrue
statement of a material fact or omits to state any material fact necessary in order
to make the statements therein, in light of the circumstances under which they were
made, not misleading, promptly file with the Commission such amendments or
supplements to such information as may be necessary so that the statements as so
amended or supplemented will not, in light of the circumstances, be misleading.

          To the extent the Partnership is a well-known seasoned issuer (as defined in Rule 405 under
the Securities Act) (a “WKSI”) at the time any Demand Request Notice is submitted to the
Partnership, and such Demand Request Notice requests that the Partnership file an automatic shelf
registration statement (as defined in Rule 405 under the Securities Act) (an “automatic shelf
registration statement”) on Form S-3 and the Partnership has been advised by independent outside
counsel that filing an “automatic shelf registration statement” for registration of the Registrable
Securities will not cause the Partnership to be an “ineligible issuer,” as such term is defined in
Rule 405 under the Securities Act, the Partnership shall file an automatic shelf registration
statement which covers those Registrable Securities which are
requested to be registered. The Partnership shall use its commercially reasonable best
efforts to remain a WKSI (and not become an ineligible issuer (as defined in Rule 405 under the
Securities Act)) during the period during which such automatic shelf registration statement is
required to remain effective. If the Partnership does not pay the filing fee covering the
Registrable Securities at the time the automatic shelf registration statement is filed, the
Partnership agrees to pay such fee at such time or times as the Registrable Securities are to be
sold. If the automatic shelf registration statement has been outstanding for at least three years,
at the end of the third year the Partnership shall refile a new automatic shelf registration
statement covering the Registrable Securities. If at any time when the Partnership is required to
re-evaluate its WKSI status the Partnership determines that it is not a WKSI, the Partnership shall
use its commercially reasonable best efforts to refile the shelf registration statement on Form S-3
and, if such form is

12

 

not available, Form S-1 and keep such registration statement effective during
the period during which such registration statement is required to be kept effective.

          If the Partnership files any shelf registration statement for the benefit of the holders of
any of its securities other than the Unitholder, the Partnership agrees that it shall give prior
written notice to the Unitholder and, upon request of the Unitholder, include in such registration
statement such disclosures as may be required by Rule 430B (referring to the unnamed selling
security holders in a generic manner by identifying the initial issuance and sale of the securities
to the Unitholder) in order to ensure that the Unitholder may be added to such shelf registration
statement at a later time through the filing of a prospectus supplement rather than a
post-effective amendment.

          As a condition to its registration of Registrable Securities of any prospective seller, the
Partnership may require such seller of any Registrable Securities as to which any registration is
being effected to execute powers-of-attorney, custody arrangements and other customary agreements
appropriate to facilitate the offering and to furnish to the Partnership such information regarding
such seller, its ownership of Registrable Securities and the disposition of such Registrable
Securities as the Partnership may from time to time reasonably request in writing and as shall be
required by law in connection therewith. Each such holder agrees to furnish promptly to the
Partnership all information required to be disclosed in such registration statement in order to
make the information previously furnished to the Partnership by such holder and disclosed in such
registration statement not materially misleading.

          The Partnership agrees not to file or make any amendment to any registration statement with
respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in
connection therewith, which refers to any holder of Registrable Securities, or otherwise identifies
any holder of Registrable Securities as the holder of any Registrable Securities, without the prior
consent of such holder, such consent not to be unreasonably withheld or delayed, unless such
disclosure is required by law. Notwithstanding the foregoing, if any such registration statement or
comparable statement under “blue sky” laws refers to any holder of Registrable Securities by name
or otherwise as the holder of any securities of the Partnership, then such holder shall have the
right to require (i) the insertion therein of language, in form and substance satisfactory to such
holder and the Partnership, to the effect that the holding by such holder of such Registrable
Securities is not to be construed as a recommendation by such holder of the investment quality of
the Partnership’s securities covered thereby and that
such holding does not imply that such holder will assist in meeting any future financial
requirements of the Partnership, or (ii) in the event that such reference to such holder by name or
otherwise is not in the judgment of the Partnership, as advised by counsel, required by the
Securities Act or any similar federal statute or any state “blue sky” or securities law then in
force, the deletion of the reference to such holder.

          By acquisition of Registrable Securities, each holder of such Registrable Securities shall be
deemed to have agreed that upon receipt of any notice from the Partnership of the happening of any
event of the kind described in Section 3(h), such holder will promptly discontinue such
holder’s disposition of Registrable Securities pursuant to the registration statement covering such
Registrable Securities until such holder’s receipt of the copies of the

13

 

supplemented or amended
prospectus contemplated by Section 3(h). If so directed by the Partnership, each holder of
Registrable Securities will deliver to the Partnership (at the Partnership’s expense) all copies,
other than permanent file copies, in such holder’s possession of the prospectus covering such
Registrable Securities at the time of receipt of such notice. In the event that the Partnership
shall give any such notice, the period mentioned in Section 3(a) shall be extended by the
number of days during the period from and including the date of the giving of such notice to and
including the date when each seller of any Registrable Securities covered by such registration
statement shall have received the copies of the supplemented or amended prospectus contemplated by
Section 3(h).

     Section 4. Underwritten Offerings.

     4.1. Underwriting Agreement. If requested by the underwriters for any underwritten offering pursuant to a registration
requested under Section 1.1 or 2, the Partnership shall enter into an underwriting agreement with
the underwriters for such offering, such agreement to be reasonably satisfactory in substance and
form to the underwriters and to the Unitholder. Any such underwriting agreement shall contain such
representations and warranties by, and such other agreements on the part of, the Partnership and
such other terms and provisions as are customarily contained in agreements of this type, including,
without limitation, indemnities to the effect and to the extent provided in Section 7. The
Unitholder and each other holder of Registrable Securities to be distributed by such underwriter
shall be a party to such underwriting agreement and may, at such holder’s option, require that any
or all of the representations and warranties by, and the agreements on the part of, the Partnership
to and for the benefit of such underwriters be made to and for the benefit of such holder of
Registrable Securities and that any or all of the conditions precedent to the obligations of such
underwriters under such underwriting agreement shall also be conditions precedent to the
obligations of such holder of Registrable Securities. The Unitholder in its capacity as a Partner
and/or controlling person shall not be required by any underwriting agreement to make any
representations or warranties to or agreements with the Partnership or the underwriters other than
representations, warranties or agreements regarding such holder, the ownership of such holder’s
Registrable Securities and such holder’s intended method or methods of disposition and any other
representation required by law or to furnish any indemnity to any Person which is broader than the
indemnity furnished by such holder pursuant to Section 7.2.

     4.2. Selection of Underwriters. If the Partnership at any time proposes to register any of its securities under the
Securities Act for sale for its own account pursuant to an underwritten offering, the Partnership
will have the right to select the managing underwriter (which shall be of nationally recognized
standing) to administer the offering. Notwithstanding the foregoing sentence, whenever a
registration requested pursuant to Section 1.1 is for an underwritten offering, the Initiating
Unitholder will have the right to select the managing underwriter (which shall be of nationally
recognized standing and reasonably acceptable to any Participating Unitholders) to administer the
offering, but only with the approval of the Partnership, such approval not to be unreasonably
withheld.

     Section 5. Holdback Agreements.

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     (a) If and whenever the Partnership proposes to register any of its equity
securities under the Securities Act for its own account (other than on Form S-4 or
S-8 or any successor form) or is required to use its best efforts to effect the
registration of any Registrable Securities under the Securities Act pursuant to
Section 1.1 or 2, each holder of Registrable Securities agrees by
acquisition of such Registrable Securities not to effect any offer, sale or
distribution, including any sale pursuant to Rule 144 under the Securities Act, or
to request registration under Section 1.1 of any Registrable Securities
within seven days prior to the reasonably expected effective date of the
contemplated registration statement (or the date of the underwriting agreement in an
offering off of a Shelf Registration Statement) and during the period beginning on
the effective date of the registration statement relating to such registration (or
the date of the underwriting agreement in an offering off of a Shelf Registration
Statement) (the “Trigger Date”) and until 90 days (unless advised by the
managing underwriter that a longer period, not to exceed 180 days, is required, or
such shorter period as the managing underwriter for any underwritten offering may
agree) after the Trigger Date, except as part of such registration or offering or
unless, in the case of a sale or distribution not involving a public offering, the
transferee agrees in writing to be subject to this Section 5, even if such
Registrable Securities cease to be Registrable Securities upon such transfer. If
requested by such managing underwriter, each holder of Registrable Securities agrees
to execute an agreement to such effect with the Partnership and consistent with such
managing underwriter’s customary form of holdback agreement.

     (b) The Partnership agrees not to effect any public offer, sale or distribution
of its equity securities or securities convertible into or exchangeable or
exercisable for any of such securities within seven days prior to the reasonably
expected effective date of the contemplated registration statement (or the date of
the underwriting agreement in an offering off of a Shelf Registration Statement) and
during the period beginning on the Trigger Date and until 90 days (or such longer
period, not to exceed 180 days, which may be required by the managing underwriter,
or such shorter period as the managing underwriter may agree) after
the Trigger Date with respect to any registration statement filed pursuant to
Section 1.1 (except (i) as part of such registration, (ii) as permitted by
any related underwriting agreement, (iii) pursuant to an employee equity
compensation plan, (iv) pursuant to an acquisition or strategic relationship or
similar transaction or (v) pursuant to a registration on Form S-4 or S-8 or any
successor form). In addition, if, and to the extent requested by the managing
underwriter, the Partnership shall use its best efforts to cause each holder (other
than any holder already subject to Section 5(a)) of its equity securities or
any securities convertible into or exchangeable or exercisable for any of such
securities, whether outstanding on the date of this Agreement or issued at any time
after the date of this Agreement (other than any such securities acquired in a
public offering), to agree not to effect any such public offer, sale or distribution
of such securities during such period, except as part of any such registration if
permitted, and to cause each such holder

15

 

to enter into an agreement to such effect
with the Partnership and consistent with such managing underwriter’s customary form
of holdback agreement, provided that no holder of less than 5% of the Partnership’s
outstanding equity securities shall be required to enter into such an agreement.

     Section 6. Preparation; Reasonable Investigation. In connection with the preparation and filing of each registration statement registering
Registrable Securities under the Securities Act, the Partnership shall give counsel to the holders
of such Registrable Securities so to be registered, the managing underwriter(s), and their
respective counsel, accountants and other representatives and agents the opportunity to participate
in the preparation of such registration statement, each prospectus included therein or filed with
the Commission, and each amendment thereof or supplement thereto, and shall give each of the
foregoing parties access to the financial and other records, pertinent corporate documents and
properties of the Partnership and its subsidiaries and opportunities to discuss the business of the
Partnership with its officers and the independent public accountants who have issued audit reports
on its financial statements in each case as shall be reasonably requested by each of the foregoing
parties in connection with such registration statement.

     Section 7. Indemnification.

     7.1. Indemnification by the Partnership. The Partnership agrees that in the event of any registration of any Registrable Securities
pursuant to this Agreement, the Partnership shall indemnify, defend and hold harmless (a) each
holder of Registrable Securities, (b) the Affiliates of such holder and the respective directors,
members, stockholders, officers, partners, employees, advisors, representatives, agents of such
holder and its Affiliates, (c) each Person who participates as an underwriter or Qualified
Independent Underwriter in the offering or sale of such securities and (d) each person, if any, who
controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
any of the foregoing against any and all losses, penalties, fines, liens, judgments, claims,
damages or liabilities (or actions or proceedings in respect thereof) and expenses (including
reasonable fees of counsel and any amounts paid in settlement effected with the
Partnership’s consent, which consent shall not be unreasonably withheld or delayed if such
settlement is solely with respect to monetary damages), jointly or severally, directly or
indirectly, based upon or arising out of (i) any untrue statement or alleged untrue statement of a
material fact contained in any registration statement under which such Registrable Securities were
registered under the Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained therein or used in connection with the offering of securities covered thereby,
or any amendment or supplement thereto, or any documents incorporated by reference therein, or any
“free writing prospectus,” as such term is defined in Rule 405 under the Securities Act, utilized
in connection with any related offering, (ii) any omission or alleged omission to state a material
fact required to be stated therein or necessary to make the statements therein not misleading or
(iii) any untrue statement or alleged untrue statement of a material fact in the information
conveyed to any purchaser at the time of the sale to such purchaser, or the omission or alleged
omission to state therein a material fact required to be stated therein; and the Partnership will
reimburse each such indemnified party for any legal or any other expenses reasonably incurred by
them in connection with enforcing its rights hereunder or under the underwriting agreement entered
into in connection with such offering or

16

 

investigating, preparing, pursuing or defending any such
loss, claim, damage, liability, action or proceeding as such expenses are incurred, except insofar
as any such loss, penalty, fine, lien, judgment, claim, damage, liability, action, proceeding or
expense arises out of or is based upon an untrue statement of a material fact or omission of a
material fact made in such registration statement, any such preliminary prospectus, final
prospectus, summary prospectus, amendment or supplement, document incorporated by reference therein
or “free writing prospectus” utilized in connection with any related offering in reliance upon and
in conformity with written information furnished to the Partnership by such holder expressly for
use in the preparation thereof in accordance with the second sentence of Section 7.2. Such
indemnity shall remain in full force and effect, regardless of any investigation made by such
indemnified party and shall survive the transfer of such Registrable Securities by such seller.

     7.2. Indemnification by the Sellers. The Partnership may require, as a condition to including any Registrable Securities in any
registration statement filed pursuant to Section 1.1 or 2, that the Partnership shall have received
an undertaking satisfactory to it from each of the prospective sellers of such Registrable
Securities to indemnify and hold harmless, severally and not jointly, in the same manner and to the
same extent as set forth in Section 7.1, the Partnership, CVR GP, LLC and its directors, officers,
employees, agents and each person, if any, who controls (within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act) the Partnership, with respect to any statement of
a material fact or alleged statement of a material fact in or omission of a material fact or
alleged omission of a material fact from such registration statement, any preliminary prospectus,
final prospectus or summary prospectus contained therein, or any amendment or supplement thereto,
or any “free writing prospectus” utilized in connection with any related offering, but only to the
extent such statement or alleged statement or such omission or alleged omission was made in
reliance upon and in conformity with written information furnished to the Partnership by such
seller expressly for use in the preparation of such registration statement, preliminary prospectus,
final prospectus, summary prospectus,
amendment or supplement or free writing prospectus. The Partnership and the holders of the
Registrable Securities in their capacities as stockholders and/or controlling persons hereby
acknowledge and agree that, unless otherwise expressly agreed to in writing by such holders, the
only information furnished or to be furnished to the Partnership for use in any registration
statement or prospectus relating to the Registrable Securities or in any amendment, supplement or
preliminary materials associated therewith or any free writing prospectus related thereto are
statements specifically relating to (a) transactions between such holder and its Affiliates, on the
one hand, and the Partnership, on the other hand, (b) the beneficial ownership of Partnership
Securities by such holder and its Affiliates and (c) the name and address of such holder. If any
additional information about such holder or the plan of distribution (other than for an
underwritten offering) is required by law to be disclosed in any such document, then such holder
shall not unreasonably withhold its agreement referred to in the immediately preceding sentence of
this Section 7.2. Such indemnity shall remain in full force and effect, regardless of any
investigation made by or on behalf of the Partnership or any such director, officer or controlling
person and shall survive the transfer of such Registrable Securities by such seller. The indemnity
agreement contained in this Section 7.2 shall not apply to amounts paid in settlement of any such
loss, claim, damage, liability, action or proceeding if such settlement is effected without the
consent of such seller (which consent shall not be unreasonably withheld or

17

 

delayed if such
settlement is solely with respect to monetary damages). The indemnity provided by each seller of
Registrable Securities under this Section 7.2 shall be limited in amount to the net amount of
proceeds (i.e., net of expenses, underwriting discounts and commissions) actually received by such
seller from the sale of Registrable Securities pursuant to such registration statement.

     7.3. Notices of Claims, etc. Promptly after receipt by an indemnified party of notice of the commencement of any action
or proceeding involving a claim referred to in the preceding paragraphs of this Section 7, such
indemnified party shall, if a claim in respect thereof is to be made against an indemnifying party,
give written notice to the indemnifying party of the commencement of such action or proceeding;
provided that the failure of any indemnified party to give notice as provided herein shall not
relieve the indemnifying party of its obligations under the preceding paragraphs of this Section 7,
except to the extent that the indemnifying party is materially prejudiced by such failure to give
notice. In case any such action is brought against an indemnified party, the indemnifying party
shall be entitled to participate therein and to assume the defense thereof, jointly with any other
indemnifying party similarly notified, to the extent that it may wish, with counsel reasonably
satisfactory to such indemnified party, and after notice from the indemnifying party to such
indemnified party of its election so to assume the defense thereof, the indemnifying party will not
be liable to such indemnified party for any legal or other expenses subsequently incurred by the
latter in connection with the defense thereof except for the reasonable fees and expenses of any
counsel retained by such indemnified party to monitor such action or proceeding. Notwithstanding
the foregoing, if such indemnified party reasonably determines, based upon advice of independent
counsel, that a conflict of interest may exist between the indemnified party and the indemnifying
party with respect to such action and that it is advisable for such indemnified party to be
represented by separate counsel, such indemnified party may retain other counsel, reasonably
satisfactory to the indemnifying party, to represent
such indemnified party, and the indemnifying party shall pay all reasonable fees and expenses
of such counsel. No indemnifying party, in the defense of any such claim or litigation, shall,
except with the consent of such indemnified party, which consent shall not be unreasonably
withheld, consent to entry of any judgment or enter into any settlement unless such judgment,
compromise or settlement (A) includes as an unconditional term thereof the giving by the claimant
or plaintiff to such indemnified party of a release from all liability in respect of such claim or
litigation, (B) does not include a statement as to or an admission of fault, culpability or a
failure to act, by or on behalf of any indemnified party, and (C) does not require any action other
than the payment of money by the indemnifying party.

     7.4. Other Indemnification. Indemnification similar to that specified in the preceding paragraphs of this Section 7
(with appropriate modifications) shall be given by the Partnership and each seller of Registrable
Securities with respect to any required registration (other than under the Securities Act) or other
qualification of such Registrable Securities under any federal or state law or regulation of any
governmental authority.

     7.5. Indemnification Payments. Any indemnification required to be made by an indemnifying party pursuant to this Section 7
shall be made by periodic payments to the indemnified party during the course of the action or
proceeding, as and when bills are received

18

 

by such indemnifying party with respect to an
indemnifiable loss, penalty, fine, lien, judgment, claim, damage, liability or expense incurred by
such indemnified party.

     7.6. Other Remedies. If for any reason any indemnification specified in the preceding paragraphs of this Section
7 is unavailable, or is insufficient to hold harmless an indemnified party, other than by reason of
the exceptions provided therein, then the indemnifying party shall contribute to the amount paid or
payable by the indemnified party as a result of such losses, penalties, fines, liens, judgments,
claims, damages, liabilities, actions, proceedings or expenses in such proportion as is appropriate
to reflect the relative benefits to and faults of the indemnifying party on the one hand and the
indemnified party on the other and the statements or omissions or alleged statements or omissions
which resulted in such loss, penalty, fine, lien, judgment, claim, damage, liability, action,
proceeding or expense, as well as any other relevant equitable considerations. The relative fault
of the indemnifying party and of the indemnified party shall be determined by reference to, among
other things, whether the untrue statement of a material fact or the omission to state a material
fact relates to information supplied by the indemnifying party or by the indemnified party and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statements or omissions. The parties hereto agree that it would not be just and equitable if
contributions pursuant to this Section 7.6 were to be determined by pro rata allocation or by any
other method of allocation which does not take into account the equitable considerations referred
to in the preceding sentence of this Section 7.6. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11 (f) of the
Securities Act) shall be entitled to contribution from any person who was not guilty of such
fraudulent misrepresentation. Notwithstanding the other provisions of this Section 7, in respect
of any claim for indemnification pursuant to this Section 7, no indemnifying party (other than the
Partnership) shall be required to contribute pursuant to this Section 7.6 any amount in excess of
(a) the net proceeds (i.e., net of expenses, underwriting discounts and commissions) received and
retained by such indemnifying party from the sale of its Registrable Securities covered by the
applicable registration statement, preliminary prospectus, final prospectus, or supplement or
amendment thereto, filed pursuant hereto minus (b) any amounts previously paid by such indemnifying
party pursuant to this Section 7 in respect of such claim, it being understood that insofar as such
net proceeds have been distributed by any indemnifying party to its partners, stockholders or
members, the amount of such indemnifying party’s contribution hereunder shall be limited to the net
proceeds which it actually recovers from its partners, stockholders or members based upon their
relative fault and that to the extent that such indemnifying party has not distributed such net
proceeds, the amount such indemnifying party’s contribution hereunder shall be limited by the
percentage of such net proceeds which corresponds to the percentage equity interests in such
indemnifying party held by those of its partners, stockholders or members who have been determined
to be at fault. No party shall be liable for contribution under this Section 7.6 except to the
extent and under such circumstances as such party would have been liable for indemnification under
this Section 7 if such indemnification were enforceable under applicable law.

     Section 8. Representations and Warranties. The Unitholder represents and warrants to the Partnership that:

19

 

     (a) it has all limited liability company power and authority to execute,
deliver and perform this Agreement;

     (b) the execution, delivery and performance of this Agreement has been duly and
validly authorized and approved by all necessary limited liability company action;

     (c) this Agreement has been duly and validly executed and delivered by the
Unitholder and constitutes a valid and legally binding obligation of the Unitholder,
enforceable in accordance with its terms, subject to bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting or relating to creditors’
rights generally and general principles of equity; and

     (d) the execution, delivery and performance of this Agreement by the Unitholder
does not and will not violate the terms of or result in the acceleration of any
obligation under (i) any material contract, commitment or other material instrument
to which the Unitholder is a party or by which the Unitholder is bound or (ii) the
Unitholder’s certificate of formation or limited liability company agreement.

     Section 9. Definitions. Capitalized terms used herein without definition shall have the meanings given to them in
the Partnership Agreement (as hereinafter defined). For purposes of this Agreement, the following
terms shall have the following respective meanings:

          “Affiliate”: a Person that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with, the Person
specified.

          “Commission”: the Securities and Exchange Commission.

          “Exchange Act”: the Securities Exchange Act of 1934, as amended, or any successor
federal statute, and the rules and regulations thereunder which shall be in effect at the time.

          “FINRA”: the Financial Industry Regulatory Authority, Inc.

          “Majority Holders”: the holders of at least 51% of the Registrable Securities that
are participating in the registration at issue.

          “Majority Voting Holders”: the holders of at least 51% of the Registrable Securities.

          “NASDAQ”: the Nasdaq Global Market or the Nasdaq Global Select Market.

          “Partnership Agreement” means the Second Amended and Restated Agreement of Limited
Partnership of CVR Partners, LP, dated as of the date hereof, as amended and/or restated from time
to time.

20

 

          “Person”: an individual, corporation, partnership, limited liability company, joint
venture, business association, trust or any other entity or organization, including a government or
political subdivision or an agency or instrumentality thereof.

          “Registrable Securities”: the Common Units issued to the Unitholder pursuant to the
Amended Contribution Agreement on the date of this Agreement or otherwise issued to the Unitholder
pursuant to the Partnership Agreement or otherwise. As to any particular Registrable Securities,
such securities shall cease to be Registrable Securities when (i) a registration statement with
respect to the sale of such securities shall have become effective under the Securities Act and
such securities shall have been disposed of in accordance with such registration statement, (ii) a
registration statement on Form S-8 with respect to the sale of such securities shall have become
effective under the Securities Act, (iii) such securities shall have been sold to the public
pursuant to Rule 144 under the Securities Act, or (iv) such securities shall have ceased to be
outstanding. Any and all Common Units which may be issued in respect of, in exchange for, upon
conversion of, or in substitution for any Registrable Securities, whether by reason of any stock
split, stock dividend, reverse stock split, recapitalization, combination, merger, consolidation or
otherwise, shall also be “Registrable Securities” hereunder.

          “Registration Expenses”: all fees and expenses incurred in connection with the
Partnership’s performance of or compliance with any registration pursuant to this Agreement,
including, without limitation, (i) registration, filing and applicable Commission and FINRA fees,
(ii) fees and expenses of complying with securities or blue sky laws, (iii) fees and expenses
associated with listing securities on an exchange, (iv) word processing, duplicating and printing
expenses, (v) messenger and delivery expenses, (vi) transfer agents’, trustees’, depositories’,
registrars’ and fiscal agents’ fees, (vii) fees and disbursements of counsel for the Partnership
and of its independent public accountants, including the expenses of any special audits or “cold
comfort” letters required by, or incident to, such registration, (viii) reasonable fees and
disbursements of any one counsel retained by the Initiating Unitholder and any one counsel retained
by the Participating Unitholders, and (ix) any fees and disbursements of underwriters customarily
paid by issuers or sellers of securities, but excluding underwriting discounts and commissions and
transfer taxes, if any.

          “Securities Act”: the Securities Act of 1933, as amended, or any successor federal
statute, and the rules and regulations thereunder which shall be in effect at the time.

     Section 10. Miscellaneous.

     10.1. Rule 144, etc. If the Partnership shall have filed a registration statement pursuant to the requirements
of Section 12 of the Exchange Act or a registration statement pursuant to the requirements of the
Securities Act relating to any class of equity securities, the Partnership shall file the reports
required to be filed by it under the Securities Act and the Exchange Act and the rules and
regulations adopted by the Commission thereunder, and shall take such further action as any holder
of Registrable Securities may reasonably request, all to the extent required from time to time to
enable such holder to sell Registrable Securities without registration under the Securities Act
within the limitation of the exemptions provided by (a) Rule 144 under the Securities Act, as such
rule may be amended from time to time, or (b) any successor rule or

21

 

regulation hereafter adopted by
the Commission. Upon the request of any holder of Registrable Securities, the Partnership shall
deliver to such holder a written statement as to whether it has complied with such requirements, a
copy of the most recent annual or quarterly report of the Partnership, and such other reports and
documents as such holder may reasonably request in order to avail itself of any rule or regulation
of the Commission allowing it to sell any Registrable Securities without registration.

     10.2. Successors, Assigns and Transferees. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective permitted successors, personal representatives and assigns
under this Section 10.2. The Partnership may not assign any of its rights or delegate any of its
duties under this Agreement without the prior written consent of the Majority Voting Holders. The
provisions of this Agreement which are for the benefit of a holder of Registrable Securities shall
be for the benefit of and enforceable by any transferee of such Registrable Securities. Any holder
of Registrable Securities may, at its election and at any time
or from time to time, assign its rights under this Agreement, in whole or in part, to any
Person to whom such holder sells, assigns or otherwise transfers its shares of Registrable
Securities; provided that (i) such transferee acquires such Registrable Securities in accordance
with any then applicable transfer restrictions in respect of such Registrable Securities, (ii) no
such assignment shall be binding upon or obligate the Partnership to any such transferee unless and
until such transferee executes a joinder agreement agreeing to be bound by all of the transferor’s
obligations hereunder, including, without limitation, Section 5 hereof, copies of which shall have
been delivered to the Partnership (each such transferee, a “Permitted Transferee”) and (iii) the
rights of the Unitholder to make a Demand Registration pursuant to Section 1.1 may only be assigned
as a whole and not in part (and otherwise in accordance with the other provisions of this proviso).

     10.3. Splits, etc. Each holder of Registrable Securities agrees that it will vote to effect a split, reverse
split, recapitalization or combination with respect to any Registrable Securities in connection
with any registration of any Registrable Securities hereunder, or otherwise, if (i) the managing
underwriter shall advise the Partnership in writing (or, in connection with an offering that is not
underwritten, if an investment banker shall advise the Partnership in writing) that in its opinion
such a split, reverse split, recapitalization or combination would facilitate or increase the
likelihood of success of the offering, and (ii) such split, reverse split, recapitalization or
combination does not impact the respective Percentage Interests of each such holder of Registrable
Securities in the Partnership. The Partnership shall cooperate in all respects in effecting any
such split, stock split, recapitalization or combination.

     10.4. Amendment and Modification. This Agreement may be amended, waived, modified or supplemented by the Partnership only
with the prior written consent of the Unitholder and a majority (by number of shares) of any other
holders of Registrable Securities whose interests would be adversely affected by such amendment,
waiver, modification or supplement; provided that the interests of any existing holders of
Registrable Securities shall not be adversely affected by an amendment, waiver, modification or
settlement of this Agreement that provides for or has the effect of providing for an additional
grant of incidental registration rights with a lower or the same priority as the rights held by
such existing holders of Registrable Securities, as long as any such grant of incidental
registration rights with the same priority are

22

 

pari passu with those held by such existing holders
of Registrable Securities. Each holder of Registrable Securities shall be bound by any such
amendment, waiver, modification or supplement authorized in accordance with this Section 10.4,
whether or not such Registrable Securities shall have been marked to indicate such amendment,
waiver, modification or supplement. The waiver by any party hereto of a breach of any provision of
this Agreement shall not operate or be construed as a further or continuing waiver of such breach
or as a waiver of any other or subsequent breach, except as otherwise explicitly provided for in
such waiver. Except as otherwise expressly provided herein, no failure on the part of any party to
exercise, and no delay in exercising, any right, power or remedy hereunder, or otherwise available
in respect hereof at law or in equity, shall operate as a waiver thereof, nor shall any single or
partial exercise of such right, power or remedy by such
party preclude any other or further exercise thereof or the exercise of any other right, power
or remedy. The execution of a counterpart signature page to this Agreement by a Permitted
Transferee pursuant to Section 10.2 shall not require consent of any party hereto and shall not be
deemed an amendment to this Agreement.

     10.5. Governing Law; Venue and Service of Process. This Agreement and the rights and obligations of the parties hereunder and the Persons
subject hereto shall be governed by, and construed and interpreted in accordance with, the law of
the State of Delaware, without giving effect to the choice of law principles thereof. By execution
and delivery of this Agreement, each of the parties hereto hereby irrevocably and unconditionally
(i) consents to submit to the exclusive jurisdiction of the courts of the State of New York in New
York County and the United States District Court for the Southern District of New York
(collectively, the “Selected Courts”) for any action or proceeding arising out of or relating to
this Agreement and the transactions contemplated hereby, and agrees not to commence any action or
proceeding relating thereto except in the Selected Courts, provided, that, a party may commence any
action or proceeding in a court other than a Selected Court solely for the purpose of enforcing an
order or judgment issued by one of the Selected Courts; (ii) consents to service of any process,
summons, notice or document in any action or proceeding by registered first-class mail, postage
prepaid, return receipt requested or by nationally recognized courier guaranteeing overnight
delivery in accordance with Section 10.8 hereof and agrees that such service of process shall be
effective service of process for any action or proceeding brought against it in any such court,
provided, that, nothing herein shall affect the right of any party hereto to serve process in any
other manner permitted by law; (iii) waives any objection to the laying of venue of any action or
proceeding arising out of this Agreement or the transactions contemplated hereby in the Selected
Courts; and (iv) waives and agrees not to plead or claim in any court that any such action or
proceeding brought in any such Selected Court has been brought in an inconvenient forum.

     10.6. Invalidity of Provision. The invalidity or unenforceability of any provision of this Agreement in any jurisdiction
shall not affect the validity or enforceability of the remainder of this Agreement in that
jurisdiction or the validity or enforceability of this Agreement, including that provision, in any
other jurisdiction.

     10.7. Reserved Notices. All notices, requests, demands, letters, waivers and other communications required or
permitted to be given under this Agreement shall be in writing and shall be deemed to have been
duly given if (a) delivered personally, (b) mailed, certified or

23

 

registered mail with postage
prepaid, (c) sent by next-day or overnight mail or delivery or (d) sent by fax, as follows:

	 	(i)	 	If to the Partnership, to it at:
	 
	 		 	10 E. Cambridge Circle, Ste. 250

Kansas City, Kansas 66103

Attention: Edmund S. Gross

Facsimile No.: 913-982-5651

	 
	 	(ii)	 	If to the Unitholder, to it at:
	 
	 		 	10 E. Cambridge Circle, Ste. 250

Kansas City, Kansas 66103

Attention: Edmund S. Gross

Facsimile No.: 913-981-0000

          or to such other Person or address as any party shall specify by notice in writing to the
Partnership. All such notices, requests, demands, letters, waivers and other communications shall
be deemed to have been received (w) if by personal delivery, at the time delivered by hand (x) if
by certified or registered mail, on the fifth business day after the mailing thereof, (y) if by
next-day or overnight mail or delivery, on the day delivered, or (z) if by fax, on the day
delivered; provided that such delivery is confirmed.

     10.9. Headings: Execution in Counterparts. The headings and captions contained herein are for convenience and shall not control or
affect the meaning or construction of any provision hereof. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original and which together shall
constitute one and the same instrument.

     10.10. Injunctive Relief. Each of the parties recognizes and agrees that money damages may be insufficient and,
therefore, in the event of a breach of any provision of this Agreement, the aggrieved party may
elect to institute and prosecute proceedings in any court of competent jurisdiction to enforce
specific performance or to enjoin the continuing breach of this Agreement. Such remedies shall,
however, be cumulative and not exclusive, and shall be in addition to any other remedy which such
party may have.

     10.11. Term. This Agreement shall be effective as of the date hereof and shall continue in effect
thereafter until the earlier of (a) its termination by the written consent of the parties hereto or
their respective successors in interest and (b) the date on which no Registrable Securities remain
outstanding.

     10.12. Further Assurances. Subject to the specific terms of this Agreement, each of the Partnership and the Unitholder
shall make, execute, acknowledge and deliver such other instruments and documents,
and take all such other actions, as may be reasonably required in

24

 

order to effectuate the
purposes of this Agreement and to consummate the transactions contemplated hereby.

     10.13. Entire Agreement. This Agreement and any agreements entered into in connection with this Agreement constitute
the entire agreement and the understanding of the parties hereto with respect to the matters
referred to herein. This Agreement and the agreements referred to in the preceding sentence
supersede all prior agreements and understandings between the parties with respect to such matters,
including but not limited to the Original Registration Rights Agreement.

[Signature page follows]

25

 

          IN WITNESS WHEREOF this Amended and Restated Agreement has been signed by each of the parties
hereto, and shall be effective as of the date first above written.

	 	 	 	 	 	 	 

	 	 	CVR Partners, LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	CVR GP, LLC,	 	 
	 

	 	 	 	its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Coffeyville Resources, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:	 	 	 	 

[Signature Page to CVR Partners, LP Amended and Restated Registration Rights Agreement]exv10w12

Exhibit 10.12

 

CVR PARTNERS, LP

AMENDED AND RESTATED

CONTRIBUTION, CONVEYANCE AND ASSUMPTION

AGREEMENT

 

 

 

AMENDED AND RESTATED CONTRIBUTION, CONVEYANCE AND ASSUMPTION

AGREEMENT

     This Amended and Restated Contribution, Conveyance and Assumption Agreement, dated as of
        , 2011, is entered into by and among COFFEYVILLE RESOURCES, LLC, a Delaware limited liability
company (“Coffeyville Resources”), CVR GP, LLC, a Delaware limited liability company (the
“Managing General Partner”), COFFEYVILLE ACQUISITION III LLC, a Delaware limited liability
company (“C/A III”), CVR Special GP LLC, a Delaware limited liability company (the
“Special General Partner”) and CVR PARTNERS, LP, a Delaware limited partnership (the
“Partnership”). The above-named entities are sometimes referred to in this Agreement each
as a “Party” and collectively as the “Parties.” Capitalized terms used herein
shall have the meanings assigned to such terms in Section 1.1.

RECITALS:

     WHEREAS, Coffeyville Resources, the Managing General Partner, the Partnership and the Special
General Partner are parties to the Original Contribution Agreement.

     WHEREAS, the Parties desire to amend and restate the Original Contribution Agreement pursuant
to Section 7.10 thereof.

     WHEREAS, Coffeyville Resources, the Managing General Partner and the Special General Partner
have formed the Partnership pursuant to the Delaware Revised Uniform Limited Partnership Act (the
“Delaware LP Act”) for the purpose of engaging in any business activity that is approved by
and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware LP
Act in accordance with the terms of the Original Partnership Agreement.

     WHEREAS, each of the following actions have been taken prior to the date hereof:

     1. Coffeyville Resources formed the Managing General Partner under the terms of the
Delaware Limited Liability Company Act (the “Delaware LLC Act”) and contributed
$1,000 to the Managing General Partner in exchange for all of the member interests in the
Managing General Partner;

     2. Coffeyville Resources formed the Special General Partner under the terms of the
Delaware LLC Act and contributed $1,000 to the Special General Partner in exchange for all
of the member interests in the Special General Partner;

     3. The Managing General Partner, the Special General Partner and Coffeyville Resources
formed the Partnership under the terms of the Delaware LP Act and (a) the Managing General
Partner contributed $1,000 to the Partnership in exchange for a

 

 

managing general partner interest in the Partnership, (b) the Special General Partner
contributed $1,000 to the Partnership in exchange for a non-managing general partner
interest in the Partnership and (c) Coffeyville Resources contributed $1,000 to the
Partnership in exchange for a nominal limited partner interest in the Partnership;

     4. Coffeyville Resources Nitrogen Fertilizers, LLC (“Fertilizers”) distributed
all of its receivables (as of the Original Contribution Effective Time), other than
receivables relating to prepay fertilizer sales contracts to Coffeyville Resources;

     5. Coffeyville Resources conveyed:

     (a) 1.0% of the Fertilizer Interests to the Partnership, on behalf of the
Managing General Partner, in exchange for the Managing General Partner Interest in
the Partnership issued to the Managing General Partner;

     (b) 98.901% of the Fertilizer Interests to the Partnership, on behalf of the
Special General Partner, in exchange for 30,303,000 Special GP Units, representing a
99.9% special general partner interest in the Partnership, issued to the Special
General Partner;

     (c) 0.099% of the Fertilizer Interests to the Partnership, on its own behalf,
in exchange for 30,333 Special LP Units, representing a 0.1% limited partner
interest in the Partnership; and

     (d) all of the membership interests in the Managing General Partner to C/A III
in exchange for its fair market value of $10.6 million;

     6. The Partnership distributed an intercompany note in the amount of $160.0 million to
Coffeyville Resources.

     WHEREAS, the Partnership has filed a registration statement on Form S-1 (Registration No.
333-171270) (the “Registration Statement”) relating to the offering and sale of up to [
     ] Common Units, including [      ] Common Units to cover over-allotments.

     WHEREAS, in connection with the consummation of the transactions contemplated hereby, each of
the following shall occur:

     1. The Partnership will distribute all of its cash on hand on the date of the
distribution (other than cash in respect of prepaid sales) to Coffeyville Resources;

     2. Coffeyville Resources will contribute 30,333 Special LP Units to the Partnership in
exchange for 0.1% of the Sponsor Consideration;

     3. The Special General Partner will contribute 30,303,000 Special GP Units to the
Partnership in exchange for 99.9% of the Sponsor Consideration;

     4. The Special General Partner will merge with and into Coffeyville Resources, with
Coffeyville Resources remaining as the surviving entity;

2

 

     5. In connection with the Initial Offering, the public, through the Underwriters, will
contribute an amount agreed upon by the Underwriters and the Partnership pursuant to the
Underwriting Agreement less the Underwriters’ Spread to the Partnership in exchange for the
Firm Units;

     6. The Original Partnership Agreement will be amended and restated by adoption of the
Partnership Agreement; and

     7. The Partnership will use $[ ] of the proceeds of the Initial Offering to (a) make a
distribution of $[ ] million to Coffeyville Resources ([$18.5] million as a reimbursement
for certain capital expenditures made by Coffeyville Resources during the two-year period
prior to the effective date of the sale of the Managing General Partner to C/A III) and (b)
make a distribution of $[26.0] million to the Managing General Partner to redeem the IDRs
and will retain $[ ] million to (x) pay transaction expenses and (y) for general
partnership purposes.

     WHEREAS, the members or partners of the Parties have taken all limited liability company or
partnership action, as the case may be, required to be taken to approve the transactions
contemplated hereby.

     WHEREAS, the Partnership may adjust upward or downward the number of Firm Units to be offered
to the public through the Underwriters.

     NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound
hereby, the parties hereby agree as follows:

ARTICLE I

DEFINITIONS

     Section 1.1 Terms.
Capitalized terms used herein but not defined shall have the meanings given them in the
Partnership Agreement. The following defined terms shall have the meanings given below:

     “Agreement” means this Amended and Restated Contribution, Conveyance and Assumption
Agreement, as amended, restated, modified or replaced from time to time.

     “C/A III” has the meaning set forth in the opening paragraph of this Agreement.

     “Closing” means the closing of the sale of the Firm Units to the Underwriters in the
Initial Offering.

     “Common Unit” means a common unit representing a limited partner interest in the
Partnership, with the rights and preferences set forth in the Partnership Agreement.

3

 

     “Deferred Issuance and Distribution” means both (a) the issuance by the Partnership of
a number of additional Common Units that is equal to the excess, if any, of (x) the number of
Option Units over (y) the aggregate number, if any, of Common Units actually purchased by and
issued to the Underwriters pursuant to the Over-Allotment Option on the Option Closing Date(s), and
(b) a distribution in an amount equal to the aggregate amount of cash contributed by the
Underwriters to the Partnership on the Option Closing Date(s) with respect to Common Units issued
by the Partnership upon each exercise of the Over-Allotment Option as described in Section 4.2, if
any.

     “Delaware LLC Act” has the meaning set forth in the recitals hereto.

     “Delaware LP Act” has the meaning set forth in the recitals hereto.

     “Effective Time” means 9:00 am Eastern Time on the date of the Closing.

     “Fertilizers” has the meaning set forth in the recitals hereto.

     “Fertilizer Interests” means the membership interests in Fertilizers.

     “Fertilizer Interest Liabilities” means all liabilities arising out of or related to
the ownership of the Fertilizer Interests to the extent arising or accruing on and after the
effective time of the Original Contribution Agreement, whether known or unknown, accrued or
contingent, and whether or not reflected on the books and records of Fertilizers or its affiliates.

     “Firm Units” means the Common Units to be sold to the Underwriters pursuant to the
terms of the Underwriting Agreement, but does not include any Option Units.

     “IDRs” mean the distribution rights associated with the Managing General Partner’s
equity interest in the Partnership, as set forth in the Original Partnership Agreement.

     “Initial Offering” means the initial public offering of the Partnership’s Common
Units.

     “Managing General Partner” has the meaning set forth in the opening paragraph of this
Agreement.

     “Managing General Partner Interest” means the interest issued by the Partnership to
the Managing General Partner (including the IDRs), having the rights and preferences as set forth
in the Original Partnership Agreement.

     “Option Units” means the Common Units subject to the Over-Allotment Option pursuant to
the Underwriting Agreement.

     “Option Closing Date” means the date or dates on which any Common Units are sold by
the Partnership to the Underwriters upon exercise of the Over-Allotment Option.

     “Original Contribution Agreement” means that certain Contribution, Assignment and
Assumption Agreement dated October 24, 2007, by and among Coffeyville Resources, the Managing
General Partner, the Special General Partner and the Partnership.

4

 

     “Original Contribution Effective Time” means immediately after the close of business
on October 24, 2007.

     “Original Partnership Agreement” means the First Amended and Restated Agreement of
Limited Partnership of CVR Partners, LP, dated as of October 24, 2007.

     “Over-Allotment Option” means the Underwriter’s Option, pursuant to the Underwriting
Agreement, to purchase from the Partnership a number of Common Units equal to 15% of the Firm
Units, which the Partnership will agree to sell to the Underwriters, at the Underwriters’ option,
to cover over-allotments in connection with the Initial Offering.

     “Partnership” has the meaning set forth in the opening paragraph of this Agreement.

     “Partnership Agreement” means the Second Amended and Restated Agreement of Limited
Partnership of CVR Partners, LP, to be dated as of as of the date of the Closing, in substantially
the form included as Annex A to the Registration Statement, as such agreement may be amended,
restated or modified from time to time.

     “Party” or “Parties” has the meaning set forth in the opening paragraph of
this Agreement.

     “Registration Statement” has the meaning set forth in the recitals hereto.

     “Special General Partner” has the meaning set forth in the opening paragraph of this
Agreement.

     “Special GP Unit” means a Special GP unit representing a general partner interest in
the Partnership, with the rights and preferences set forth in the Original Partnership Agreement.

     “Special LP Unit” means a Special LP unit representing a limited partner interest in
the Partnership, with the rights and preferences set forth in the Original Partnership Agreement.

     “Special Units” means the Special GP Units and Special LP Units, collectively.

     “Sponsor Common Units” means [________] Common Units, provided that if the Partnership
increases the number of Firm Units above [_________] Common Units, the Sponsor Common Units will be
decreased by a number of Common Units equal to 115% of such increase, and if the Partnership
decreases the Firm Units below [_________] Common Units, the Sponsor Common Units will be increased
by a number of Common Units equal to 115% of such decrease.

     “Sponsor Consideration” means the Sponsor Common Units and the right to receive the
Deferred Issuance and Distribution.

     “Underwriters” means the underwriting syndicate to be listed in the Underwriting
Agreement.

     “Underwriters’ Spread” means the total amount of the Underwriters’ discount.

5

 

     “Underwriting Agreement” means a firm commitment underwriting agreement to be entered
into between the Partnership and the underwriters named in the Registration Statement, as such
agreement may be amended or restated from time to time.

ARTICLE II

ACTIONS TAKEN AT EFFECTIVE TIME

     Section 2.1 Distribution of Cash on Hand. The Partnership hereby agrees to distribute, as of the Effective Time, all of its cash on
hand, other than cash in respect of prepaid sales, as of the Effective Time (expected to be
approximately $[      ] million) to Coffeyville Resources.

ARTICLE III

CONTRIBUTIONS AND ACTIONS TAKEN AFTER EFFECTIVE TIME

     Section 3.1 Contribution of Special Units to the Partnership. (a) Immediately after the Effective Time, the Special General Partner will grant,
contribute, bargain, convey, assign, transfer, set over and deliver 33,303,000 Special GP Units,
representing a 99.9% interest in the Partnership to the Partnership, its successors and assigns,
for its and their own use forever in exchange for 99.9% of the Sponsor Consideration and (b)
Coffeyville Resources will grant, contribute, bargain, convey, assign, transfer, set over and
deliver 30,333 Special LP Units to the Partnership, its successors and assigns, for its and their
own use forever, in exchange for 0.1% of the Sponsor Consideration. Upon the transfer of the
Special GP Units pursuant to this Section 3.1, the Special General Partner will become a limited
partner of the Partnership and cease to be a general partner of the Partnership, and Sections 5.5
and 5.6 of the Original Partnership Agreement will be of no force and effect.

     Section 3.2 Merger of the Special General Partner with and into Coffeyville Resources. The Special General Partner and Coffeyville Resources shall enter into a merger agreement
whereby the Special General Partner will merge with and into Coffeyville Resources, with
Coffeyville Resources remaining as the surviving entity, and file a certificate of merger with the
Secretary of State of the State of Delaware to effect such merger.

     Section 3.3 Use of Proceeds from Initial Offering. The Partnership shall use the net proceeds from the Initial Offering in the following
manner:

     (i) $[18.5] million to repay Coffeyville Resources for capital expenditures Coffeyville
Resources incurred related to the assets of Fertilizers during the two-year
period prior to the effective date of the sale of the Managing General Partner by
Coffeyville Resources to C/A III;

     (ii) $[] million to make a distribution to Coffeyville Resources;

6

 

     (iii) $[26.0] million to redeem the IDRs from the Managing General Partner; and

     (iv) $[      ] million to (x) pay transaction expenses and (y) for general partnership
purposes.

     Section 3.4 Execution of the Partnership Agreement. Coffeyville Resources and the General Partner will amend and restate the Original
Partnership Agreement by executing the Partnership Agreement in substantially the form included as
Appendix A to the Registration Statement, with such changes as are necessary to reflect any
adjustment to the number of Firm Units and Option Units as the Partnership may agree with the
Underwriters and such other changes as Coffeyville Resources and the General Partner may agree.

     Section 3.5 Distribution to C/A III. The Managing General Partner will distribute the proceeds it received with respect to the
redemption of the IDRs in Section 3.3(iii) to C/A III.

     Section 3.6 Conveyance of the General Partner to Coffeyville Resources. C/A III shall grant, contribute, bargain, convey, assign, transfer, set over and delivers
its interest in the General Partner to Coffeyville Resources in exchange for $[1,000].

     Section 3.7 Deferred Issuance and Distribution. Upon the earlier to occur of the expiration of the Over-Allotment Option period or the
exercise in full of the Over-Allotment Option, the Partnership shall issue to Coffeyville Resources
a number of additional Common Units that is equal to the excess, if any, of (x) the total number of
Option Units over (y) the aggregate number of Common Units, if any, actually purchased by and
issued to the Underwriters pursuant to the exercise or exercises of the Over-Allotment Option.
Upon each exercise of the Over-Allotment Option, the Partnership shall distribute to Coffeyville
Resources an amount of cash equal to the net proceeds (after underwriting discounts) of each such
exercise.

ARTICLE IV

FURTHER ASSURANCES

     From time to time after the date hereof, and without any further consideration the Parties
agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale,
conveyances, instruments, notices, releases, acquittances and other documents, and will do all
such other acts and things, all in accordance with applicable law, as may be necessary or
appropriate (a) more fully to assure that the applicable Parties own all of the properties, rights,
titles, interests, estates, remedies, powers and privileges granted by this Agreement, or which are
intended to be so granted, or (b) more fully and effectively to vest in the applicable Parties and
their respective successors and assigns beneficial and record title to the interests contributed
and assigned by this Agreement or intended so to be and to more fully and effectively carry out the
purposes and intent of this Agreement.

7

 

ARTICLE V

EFFECTIVE TIME; ORDER OF TRANSACTIONS

     Notwithstanding anything contained in this Agreement to the contrary, the provisions Article
II shall not be operative or have any effect until the Effective Time, following which time Article
II of this Agreement shall be effective and operative in accordance with this Article V, without
further action by any Party. After the Effective Time, the provisions of Article III shall take
place in the order in which such provisions are listed; provided, however, that if the Initial
Offering is not consummated within six months of the date of this Agreement, this Agreement shall
be of no force and effect and the Original Contribution Agreement shall become effective in its
entirety.

ARTICLE VI

MISCELLANEOUS

     Section 6.1 Assumption of Fertilizer Interest Liabilities by the Partnership. The Partnership hereby assumes and agrees to duly and timely pay, perform and discharge the
Fertilizer Interest Liabilities, to the full extent that CR had been obligated, or would have been
obligated in the future, to pay as of the effective time of the Original Contribution Agreement
were it not for the execution and delivery of the Original Contribution Agreement; provided,
however, that said assumption and agreement to duly and timely pay, perform and discharge the
Fertilizer Interest Liabilities shall not (a) increase the obligation of the Partnership with
respect to the Fertilizer Interest Liabilities beyond that of CR, (b) waive any valid defense that
was available to CR with respect to the Fertilizer Interest Liabilities or (c) enlarge any rights
or remedies of any third party, if any, under any of the Fertilizer Interest Liabilities.

     Section 6.2 Costs. The Partnership shall pay all expenses, fees and costs, including sales, use and similar
taxes arising out of the contributions, conveyances and deliveries to be made hereunder, and shall
pay all documentary, filing, recording, transfer, deed and conveyance taxes and fees required in
connection therewith. In addition, the Partnership shall be responsible for all costs, liabilities
and expenses (including court costs and reasonable attorneys’ fees) incurred in
connection with the implementation of any conveyance or delivery pursuant to Article IV of
this Agreement.

     Section 6.3 Headings; References; Interpretation. All Article and Section headings in this Agreement are for convenience only and shall not
be deemed to control or affect the meaning or construction of any of the provisions hereof. The
words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole, and not to any particular provision of this Agreement.
All references herein to Articles and Sections shall, unless the context requires a different
construction, be deemed to be references to the Articles and Sections of this Agreement,
respectively. All personal pronouns used in this Agreement, whether used in the masculine,
feminine or neuter gender, shall include all other genders, and the singular shall include the
plural and vice versa. The terms “include,” “includes,” “including” or words of like import shall
be deemed to be followed by the words “without limitation.”

8

 

     Section 6.4 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties and their
respective successors and assigns.

     Section 6.5 No Third Party Rights. The provisions of this Agreement are intended to bind the parties signatory hereto as to
each other and are not intended to and do not create rights in any other person or confer upon any
other person any benefits, rights or remedies and no person is or is intended to be a third party
beneficiary of any of the provisions of this Agreement.

     Section 6.6 Counterparts. This Agreement may be executed in any number of counterparts, all of which together shall
constitute one agreement binding on the Parties.

     Section 6.7 Governing Law; Forum, Venue and Jurisdiction.

          (a) This Agreement shall be subject to and governed by the laws of the State of New York.

          (b) Each of the Parties:

          (i) irrevocably agrees that any claims, suits, actions or proceedings arising out of or
relating in any way to this Agreement shall be exclusively brought in the Court of Chancery
of the State of Delaware;

          (ii) irrevocably submits to the exclusive jurisdiction of the Court of Chancery of the
State of Delaware in connection with any such claim, suit, action or proceeding;

          (iii) agrees not to, and waives any right to, assert in any such claim, suit, action or
proceeding that (A) it is not personally subject to the jurisdiction of the Court of
Chancery of the State of Delaware or of any other court to which proceedings in the Court of
Chancery of the State of Delaware may be appealed, (B) such claim, suit, action or
proceeding is brought in an inconvenient forum, or (C) the venue of such claim, suit, action
or proceeding is improper;

          (iv) expressly waives any requirement for the posting of a bond by a Party bringing
such claim, suit, action or proceeding; and

          (v) consents to process being served in any such claim, suit, action or proceeding by
mailing, certified mail, return receipt requested, a copy thereof to such Party at the
address in effect for notices hereunder, and agrees that such services shall constitute good
and sufficient service of process and notice thereof; provided, nothing in clause (v) hereof
shall affect or limit any right to serve process in any other manner permitted by law.

     Section 6.8 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction
to contravene, or to be invalid under, the laws of any political body having jurisdiction over the
subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement.
Instead, this Agreement shall be construed as if it did not contain the particular provision or
provisions held to be invalid, and an equitable adjustment

9

 

shall be made and necessary provision
added so as to give effect to the intention of the Parties as expressed in this Agreement at the
time of execution of this Agreement.

     Section 6.9 Amendment or Modification. This Agreement may be amended or modified from time to time only by the written agreement
of all the Parties.

     Section 6.10 Integration. This Agreement and the instruments referenced herein supersede all previous understandings
or agreements among the Parties, whether oral or written, with respect to its subject matter. This
document and such instruments contain the entire understanding of the Parties with respect to the
subject matter hereof and thereof. No understanding, representation, promise or agreement, whether
oral or written, is intended to be or shall be included in or form part of this Agreement unless it
is contained in a written amendment hereto executed by the Parties after the date of this
Agreement.

     Section 6.11 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable law, this Agreement shall also
constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

10

 

     IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties as of the date first
written above.

	 	 	 	 	 
	 	

CVR PARTNERS, LP

 	 
	 	By:  	CVR GP, LLC,
 	 
	 	 	its Managing General Partner 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	COFFEYVILLE RESOURCES, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CVR GP, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	COFFEYVILLE ACQUISITION III LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CVR SPECIAL GP, LLC

 	 
	 	By:  	Coffeyville Resources,
 	 
	 	 	its sole member 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

CVR Partners, LP

Amended and Restated Contribution, Conveyance and Assumption Agreement

Signature Page

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