Document:

EX-10.20

 

Exhibit 10.20

SUBSCRIPTION AGREEMENT

     IN MAKING AN INVESTMENT DECISION INVESTOR MUST RELY ON INVESTOR’S OWN EXAMINATION OF THE
ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES
HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE OR NON-U.S. SECURITIES COMMISSION OR REGULATORY
AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE
ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

     THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES
ACT”), AND OTHER APPLICABLE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM.
INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT
FOR AN INDEFINITE PERIOD OF TIME.

     SUBSCRIPTION AGREEMENT (this “Agreement”), dated as of March 9, 2007, by and among
Coffeyville Refining & Marketing, Inc., a Delaware corporation (the “Issuer”), and John J.
Lipinski (“Investor”).

     WHEREAS, on the terms and conditions contained in this Agreement, Investor desires to
purchase, and Issuer desires to issue to Investor, 0.10441996 shares of common stock, $0.01 par
value per share, of Issuer (the “Purchased Stock”) in exchange for an aggregate of $10.00
(the “Purchase Price”);

     WHEREAS, as a condition to the issuance of the Purchased Stock to Investor, Investor will
execute and deliver that certain Stockholders Agreement, among Issuer and Coffeyville Acquisition
LLC, a Delaware limited liability corporation and the sole stockholder of Issuer (the
“Stockholders Agreement”), the form of which is attached hereto as Exhibit A; and

     NOW, THEREFORE, in consideration of the premises and other good and valuable consideration,
Issuer and Investor hereby agree as follows:

     Section 1 Purchase of Common Stock. Upon the terms and subject to the conditions set forth
herein, at the Closing, as defined below, Investor will purchase from Issuer, and Issuer shall
issue to Investor, the Purchased Stock in exchange for the Purchase Price. Issuer’s issuance of
any Purchased Stock to Investor pursuant to this Agreement shall be conditioned upon Investor’s
contemporaneous execution and delivery of the Stockholders Agreement.

     Section 2 Closing. The closing of the purchase and sale of the Purchased Stock hereunder (the
“Closing”) shall take place at the offices of Issuer. At the Closing, Issuer shall deliver
an original stock certificate to Investor representing the Purchased Stock and in exchange
therefore, Investor shall deliver or cause to be delivered to Issuer the Purchase Price via wire
transfer of immediately available funds or by check along with the Stockholders

 

 

Agreement duly executed by Investor.

     Section 3 Representations and Warranties of Issuer. Issuer hereby represents and warrants to
Investor as follows:

          (a) Issuer is a corporation duly organized, validly existing and in good standing under the
laws of the State of Delaware, with full power and authority to execute and deliver this Agreement
and the Stockholders’ Agreement and to perform its obligations hereunder and thereunder;

          (b) Issuer has duly executed and delivered this Agreement and the Stockholders Agreement;

          (c) all necessary corporate actions required to be taken by or on behalf of Issuer to
authorize it to execute, deliver and perform its obligations under this Agreement and the
Stockholders Agreement have been taken and this Agreement and the Stockholders Agreement
constitutes Issuer’s legal, valid and binding obligation, enforceable against Issuer in accordance
with the terms hereof and thereof;

          (d) the execution and delivery of this Agreement and the Stockholders Agreement and the
consummation by Issuer of the transactions contemplated hereby and thereby in the manner
contemplated hereby and thereby do not and will not conflict with, or result in a breach of any
terms of, or constitute a default under, any agreement or instrument or any applicable law, or any
judgment, decree, writ, injunction, order or award of any arbitrator, court or governmental
authority which is applicable to Issuer or by which Issuer or any material portion of its
properties is bound;

          (e) except for any applicable filings under federal and state securities laws, no consent,
approval, authorization, order, filing, registration or qualification of or with any court,
governmental authority or third person is required to be obtained by Issuer in connection with the
execution and delivery of this Agreement or the Stockholders Agreement or the performance of
Issuer’s obligations hereunder or thereunder; and

          (f) upon issuance of the Purchased Stock, the Purchased Stock will represent duly authorized,
validly issued and non-assessable shares of Common Stock and Investor shall be the record owner of
the Purchased Stock.

     Section 4 Representations and Warranties of Investor. Investor hereby represents, warrants
and acknowledges to Issuer as follows:

          (a) Investor has duly executed and delivered this Agreement and the Stockholders Agreement.

          (b) All actions required to be taken by or on behalf of Investor to authorize him to execute,
deliver and perform his obligations under this Agreement and the Stockholders Agreement have been
taken and this Agreement and the Stockholders Agreement constitutes Investor’s legal, valid and
binding obligation, enforceable against Investor in accordance with the terms hereof and thereof.

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          (c) The execution and delivery of this Agreement and the Stockholders Agreement and the
consummation by Investor of the transactions contemplated hereby and thereby in the manner
contemplated hereby and thereby do not and will not conflict with, or result in a breach of any
terms of, or constitute a default under, any agreement or instrument or any applicable law, or any
judgment, decree, writ, injunction, order or award of any arbitrator, court or governmental
authority which is applicable to Investor or by which Investor or any material portion of his
properties is bound.

          (d) No consent, approval, authorization, order, filing, registration or qualification of or
with any court, governmental authority or third person is required to be obtained by Investor in
connection with the execution and delivery of this Agreement or the Stockholders Agreement or the
performance of Investor’s obligations hereunder or thereunder.

          (e) Investor is a resident of Texas.

          (f) Investor is acquiring the Purchased Stock solely for Investor’s own account for investment
and not with a view to resale in connection with any distribution thereof.

          (g) Investor acknowledges receipt of advice from Issuer that (i) the Purchased Stock has not
been registered under the Securities Act or qualified under any state securities or “blue sky”
laws, (ii) it is not anticipated that there will be any public market for the Purchased Stock,
(iii) the Purchased Stock must be held indefinitely and Investor must continue to bear the economic
risk of the investment in the Purchased Stock unless the Purchased Stock is subsequently registered
under the Securities Act and such state laws or an exemption from registration is available, (iv)
Rule 144 promulgated under the Securities Act (“Rule 144”) is not presently available with
respect to sales of any securities of Issuer and Issuer has made no covenant to make Rule 144
available and Rule 144 is not anticipated to be available in the foreseeable future, (v) when and
if the Purchased Stock may be disposed of without registration in reliance upon Rule 144, such
disposition can be made only in limited amounts and in accordance with the terms and conditions of
such Rule and the provisions of this Agreement and the Stockholders Agreement, (vi) if the
exemption afforded by Rule 144 is not available, public sale of the Purchased Stock without
registration will require the availability of an exemption under the Securities Act, (vii)
restrictive legends shall be placed on any certificate representing the Purchased Stock and (viii)
a notation shall be made in the appropriate records of Issuer indicating that the Purchased Stock
is subject to restrictions on transfer and, if Issuer should in the future engage the services of a
transfer agent, appropriate stop-transfer instructions will be issued to such transfer agent with
respect to the Purchased Stock.

          (h) Investor’s financial situation is such that Investor can afford to bear the economic risk
of holding the Purchased Stock for an indefinite period and Investor can afford to suffer the
complete loss of Investor’s investment in the Purchased Stock.

          (i) (x) Investor is familiar with the business and financial condition, properties, operations
and prospects of Issuer and Investor has been granted the opportunity to ask questions of, and
receive answers from, representatives of Issuer concerning Issuer and the terms and conditions of
the purchase of the Purchased Stock and to obtain any additional information that Investor deems
necessary, (y) Investor’s knowledge and experience in financial

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and business matters is such that Investor is capable of evaluating the merits and risk of the
investment in the Purchased Stock and (z) Investor has carefully reviewed the terms and provisions
of this Agreement and the Stockholders Agreement and has evaluated the restrictions and obligations
contained therein.

          (j) In furtherance of the foregoing, Investor represents and warrants that (i) no
representation or warranty, express or implied, whether written or oral, as to the financial
condition, results of operations, prospects, properties or business of Issuer or as to the
desirability or value of an investment in Issuer has been made to Investor by or on behalf of
Issuer, (ii) Investor has relied upon Investor’s own independent appraisal and investigation, and
the advice of Investor’s own counsel, tax advisors and other advisors, regarding the risks of an
investment in Issuer and (iii) Investor will continue to bear sole responsibility for making its
own independent evaluation and monitoring of the risks of its investment in Issuer.

          (k) Investor is an “accredited investor” as such term is defined in Rule 501(a) of Regulation
D promulgated under the Securities Act and, in connection with the execution of this Agreement,
agrees to deliver such certificates to that effect as the board of directors of Issuer may request.

     Section 5 Governing Law. This Agreement and the rights and obligations of the parties hereto
hereunder and the Persons subject hereto shall be governed by, and construed and interpreted in
accordance with, the laws of the State of Delaware, without giving effect to the choice of law
principles thereof.

     Section 6 Notices. All notices, requests, demands, 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 registered mail with postage
prepaid, (c) sent by next-day or overnight mail or delivery or (d) sent by fax, as follows (or to
such other address as the party entitled to notice shall hereafter designate in accordance with the
terms hereof):

          (a) If to Issuer:

10 E. Cambridge Circle, Ste. 250

Kansas City, Kansas 66103

Attention: Edmund S. Gross

Facsimile No.: 913-981-0000

with copies (which shall not constitute notice) to:

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GS Capital Partners V Fund, L.P.

c/o Goldman, Sachs & Co.

85 Broad Street

New York, New York 10004

Attention: Kenneth Pontarelli

Facsimile No.: 212-357-5505

Kelso & Company, L.P.

320 Park Avenue, 24th Floor

New York, New York 10022

Attention: James J. Connors II

Facsimile No.: 212-223-2379

Fried, Frank, Harris, Shriver & Jacobson LLP

One New York Plaza

New York, New York 10004

Attention: Robert C. Schwenkel

                 Steven Steinman

Facsimile No.: (212) 859-4000

and

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Attention: Kevin M. Schmidt

Facsimile No.: (212) 909-6836

          (b) If to Stockholder:

2277 Plaza Drive

Suite 500

SugarLand, Tx 77479

Attention: John J. Lipinski

Facsimile No.: (281) 207-7747

All such notices, requests, demands, waivers and other communications shall
be deemed to have been received by (w) if by personal delivery, on the day
delivered, (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.

     Section 7 Entire Agreement, etc. This Agreement and the Subscription Agreement
constitutes the entire agreement among the parties hereto with respect to the subject matter
hereof, and supersedes any prior agreement or understanding among them with respect to the matters
referred to herein. There are no representations, warranties, promises, inducements, covenants or
undertakings relating to shares of Purchased Stock, other than those expressly set forth or
referred to herein or in the Stockholders Agreement.

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     Section 8 Amendments and Waivers. This Agreement may not be modified or amended except by a
written instrument signed by authorized representatives of all parties affected by such
modification or amendment and referring specifically to this Agreement. Waiver by any party hereto
of any breach or default by any other party of any of the terms of this Agreement shall not operate
as a waiver of any other breach or default, whether similar to or different from the breach or
default waived. No waiver of any provision of this Agreement shall be implied from any course of
dealing between the parties hereto or from any failure by any party to assert its or his or her
rights hereunder on any occasion or series of occasions.

     Section 9 Assignment. This Agreement shall be binding upon and inure to the benefit of the
successors and assigns of each of the parties hereto.

     Section 10 Severability. If any provision of this Agreement shall be invalid, illegal or
unenforceable, the validity, legality or enforceability of the remaining provisions of this
Agreement shall not in any way be affected or impaired thereby and shall continue in full force and
effect.

     Section 11 Counterparts. For the convenience of the parties hereto, this Agreement may be
executed in any number of counterparts, each such counterpart being deemed to be an original
instrument, and all such counterparts shall together constitute the same agreement.

     Section 12 Captions. The Section and paragraph captions herein are for convenience of
reference only, do not constitute part of this Agreement and shall not be deemed to limit or
otherwise affect any of the provisions hereof.

     Section 13 Survival of Representations and Warranties; Indemnity. All representations,
warranties and covenants contained herein or made in writing by Investor, or by or on behalf of
Issuer in connection with the transactions contemplated by this Agreement, shall survive the
execution and delivery of this Agreement, any investigation at any time made by or on behalf of
Issuer or Investor, the issue and sale of the Purchased Stock. Investor shall and hereby does
indemnify and hold harmless Issuer from and against any and all losses, claims, damages, expenses
and liabilities relating to or arising out of any breach of any representation, warranty or
covenant made by Investor in this Agreement.

[Signature page follows]

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     IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the parties hereto
on the date first herein above written.

	 	 	 	 	 
	 	COFFEYVILLE REFINING & MARKETING, INC.

 	 
	 	By:  	/s/ Stanley A. Riemann
 	 
	 	 	Name:  	Stanley A. Riemann 	 
	 	 	Title:  	COO 	 
	 
	 	COFFEYVILLE ACQUISITION LLC

 	 
	 	By:  	/s/ Stanley A. Riemann
 	 
	 	 	Name:  	Stanley A. Riemann 	 
	 	 	Title:  	COO 	 
	 
	 	 	 
	 	/s/ John J. Lipinski
 	 
	 	John J. Lipinski 	 
	 	 	 
	 

 

 

EXHIBIT A

STOCKHOLDERS’ AGREEMENTEX-10.22

 

Exhibit 10.22

EXECUTION COPY

Purchase, Storage and Sale Agreement

for Gathered Crude

dated as of March 20, 2007,

between

J. Aron & Company

and

Coffeyville Resources Refining & Marketing, LLC

 

 

PURCHASE, STORAGE AND SALE AGREEMENT

FOR GATHERED CRUDE

This Purchase, Storage and Sale Agreement for Gathered Crude is made as of March 20, 2007,
between J. Aron & Company (“Aron”), a general partnership organized under the laws of New York and
located at 85 Broad Street, New York, New York 10004, and Coffeyville Resources Refining &
Marketing, LLC (“Coffeyville”), a limited liability company registered under the laws of Delaware
and located at 10 E. Cambridge Circle Dr., Kansas City, KS 66103 (each referred to individually as
a “Party” or collectively as the “Parties”).

WHEREAS, Coffeyville from time to time purchases crude oil from various small independent
producers located in the states of Kansas, Missouri, Oklahoma and Wyoming as well as in states
adjacent thereto (the “Gathered Crude”);

WHEREAS, Coffeyville owns segregated storage tanks at five tank farms located in Kansas or
Oklahoma in which it collects and stores the Gathered Crude prior to shipping such Gathered Crude
to Broome Station for delivery to its crude oil refinery located in Coffeyville, Kansas (the
“Refinery”); and

WHEREAS, as a result of a planned turnaround of the Refinery, Coffeyville will need to delay the
processing of some quantities of the Gathered Crude and has requested that, to facilitate such
delay, Aron purchase such Gathered Crude from Coffeyville, store such Gathered Crude and on a
forward basis sell such Gathered Crude to Coffeyville and, subject to the terms and conditions set
forth below, Aron is willing to enter into such purchase, storage and sale transactions;

NOW, THEREFORE, in consideration of the premises and the respective promises, conditions, terms
and agreements contained herein, and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, Aron and Coffeyville do hereby agree as follows:

1. Definitions and Construction.

     1.1 Definitions. For purposes of this Agreement, including the foregoing
recitals, the following terms shall have the meanings indicated below:

     “Aggregate Purchase Price” means, for any Forward Purchase Contract, the product of
the Stored Quantity and the Purchase Price that relate to such Forward Purchase Contract.

     “Aggregate Sale Price” means, for any Forward Sale Contract, the product of the
Stored Quantity and the Sale Price that relate to such Forward Sale Contract.

     “Applicable Law” means (i) any law, statute, regulation, code, ordinance, license, decision,
order, writ, injunction, decision, directive, judgment, policy, decree and any judicial or
administrative interpretations thereof, (ii) any agreement, concession or arrangement with any
Governmental Authority and (iii) any license, permit or compliance requirement, including
Environmental Law, in each case as may be applicable to either Party or the subject matter of this
Agreement.

 

 

     “Bankrupt” means a Person that (i) is dissolved, other than pursuant to a
consolidation, amalgamation or merger, (ii) becomes insolvent or is unable to pay its debts or
fails or admits in writing its inability generally to pay its debts as they become due, (iii) makes
a general assignment, arrangement or composition with or for the benefit of its creditors, (iv)
institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy
or any other relief under any bankruptcy or insolvency law or other similar law affecting
creditor’s rights, or a petition is presented for its winding-up or liquidation, (v) has a
resolution passed for its winding-up, official management or liquidation, other than pursuant to a
consolidation, amalgamation or merger, (vi) seeks or becomes subject to the appointment of an
administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar
official for all or substantially all of its assets, (vii) has a secured party take possession of
all or substantially all of its assets, or has a distress, execution, attachment, sequestration or
other legal process levied, enforced or sued on or against all or substantially all of its assets,
(viii) files an answer or other pleading admitting or failing to contest the allegations of a
petition filed against it in any proceeding of the foregoing nature, (ix) causes or is subject to
any event with respect to it which, under Applicable Law, has an analogous effect to any of the
foregoing events; or (x) takes any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any of the foregoing events.

     “Bankruptcy Code” means Title 11, U.S. Code.

     “Barrel” means forty-two (42) net U.S. gallons, measured at 60° F.

     “Broome Station” means the pump station owned by CRCT located near Caney, Kansas,
approximately 22 miles west of the Refinery where the Plains pipeline delivers crude oil into the
CRCT pipeline.

     “Business Day” means any day that is not a Saturday, Sunday, or other day on which banks are
authorized or required to close in the State of New York.

     “CPT” means the prevailing time in the Central time zone.

     “CRCT” means
Coffeyville Resources Crude Transportation, LLC.

     “Current Exposure” means, as of any time, the sum of the projected Aggregate Sale
Prices under all then outstanding Forward Sale Contracts (determined based on the then current the
closing settlement price on the New York Mercantile Exchange for the NYMEX WTI futures contract
for the nearby month), plus all other amounts then due and owing from Coffeyville to Aron under
this Agreement

     “Designated Affiliate” means (i) in the case of Aron, Goldman, Sachs & Co. or Goldman
Sachs Capital Markets, L.P. and (ii) in the case of Coffeyville, Coffeyville Resources, LLC.

     “Environmental Law” means any existing or past Applicable Law, policy, judicial or
administrative interpretation thereof or any legally binding requirement that governs or purports
to govern the protection of persons, natural resources or the environment (including the

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protection of ambient air, surface water, groundwater, land surface or subsurface strata,
endangered species or wetlands), occupational health and safety and the manufacture, processing,
distribution, use, generation, handling, treatment, storage, disposal, transportation, release or
management of solid waste, industrial waste or hazardous substances or materials.

     “Expected Storage Period” means, for each Stored Quantity and its related Storage
Tank, the period commencing on the Purchase Date for that Stored Quantity and ending on the Sale
Date for that Stored Quantity.

     “Event of Default” means an occurrence of the events or circumstances described in
Section 11.1.

     “Fill Date” means, for any Storage Tank, the date during the Gathering Period on which such
Storage Tank has been filled with Gathered Crude to the level at which Coffeyville desires to
cease any further additions of Gathered Crude thereto.

     “Final Fill Date” means the first day on or prior to which the Fill Dates for all of the
Storage Tanks shall have occurred; provided that the Final Fill Date shall occur no later than
April 1, 2007.

     “Final Sale Date” means, for each Forward Sale Contract, May 25, 2007 or such later date as
Aron may, in its discretion, agree to in writing specifically with respect to that Forward Sale
Contract (provided that any such agreement shall not obligate Aron to enter into any similar
agreement with respect to any other Forward Sale Contract).

     “Force Majeure” means any cause or event reasonably beyond the control of a Party, including
fires, earthquakes, lightning, floods, explosions, storms, adverse weather, landslides and other
acts of natural calamity or acts of God; navigational accidents or maritime peril; vessel damage or
loss; strikes, grievances, actions by or among workers or lock-outs (whether or not such labor
difficulty could be settled by acceding to any demands of any such labor group of individuals and
whether or not involving employees of Coffeyville or Aron); accidents at, closing of, or
restrictions upon the use of mooring facilities, docks, ports, pipelines, harbors, railroads or
other navigational or transportation mechanisms; disruption or breakdown of, explosions or
accidents to wells, storage plants, refineries, terminals, machinery or other facilities; acts of
war, hostilities (whether declared or undeclared), civil commotion, embargoes, blockades,
terrorism, sabotage or acts of the public enemy; any act or omission of any Governmental Authority;
good faith compliance with any order, request or directive of any Governmental Authority;
curtailment, interference, failure or cessation of supplies reasonably beyond the control of a
Party; or any other cause reasonably beyond the control of a Party, whether similar or dissimilar
to those above and whether foreseeable or unforeseeable, which, by the exercise of due diligence,
such Party could not have been able to avoid or overcome.

     “Forward Purchase Contract” has the meaning specified in Section 2.4
below.

     “Forward Sale Contract” has the meaning specified in Section 4.1
below.

     “Governmental Authority” means any federal, state, regional, local, or municipal
governmental body, agency, instrumentality, authority or entity established or controlled by a
government or subdivision thereof, including any legislative, administrative or judicial
body, or any person purporting to act therefor.

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     “Indemnified Party” has the meaning specified in
Section 12.3.

     “Indemnifying Party” has the meaning
specified in Section 12.3.

     “Independent Inspector” means any Person mutually selected by Aron and Coffeyville in
a commercially reasonable manner that (1) is a licensed Person who performs sampling, quality
analysis and quantity determination of the crude oil and refined petroleum products, (2) is not an
Affiliate of any Party, (3) in the reasonable judgment of Aron, is qualified and reputed to
perform its services in accordance with applicable law and industry practice, (4) has not been and
is not a party to any litigation or other adversarial proceeding pending against any Party or its
Affiliates, and (5) is reasonably acceptable to Coffeyville.

     “Liabilities” means any losses, liabilities, charges, damages, deficiencies, assessments,
interests, fines, penalties, costs and expenses (collectively, “Costs”) of any kind (including
reasonable attorneys’ fees and other fees, court costs and other disbursements), including any
Costs directly or indirectly arising out of or related to any suit, proceeding, judgment,
settlement or judicial or administrative order and any Costs arising from compliance or
non-compliance with Environmental Law.

     “Non-Affected Party” has the meaning specified in Section 9.1.

     “Non-Defaulting Party” has the meaning specified in Section 11.2(a).

     “NYMEX” means the New York Mercantile Exchange.

     “Party” or “Parties” has the
meaning specified in the preamble to this Agreement.

     “Person” means an individual, corporation, partnership, limited liability company, joint
venture, trust or unincorporated organization, joint stock company or any other private entity or
organization, Governmental Authority, court or any other legal entity, whether acting in an
individual, fiduciary or other capacity.

     “Potential Event of Default” means any Event of Default, which with notice or the
passage of time, would constitute an Event of Default.

     “Purchase Date” has the meaning specified in Section 2.4 below.

     “Purchase Price” means, for any Forward Purchase Contract, a per Barrel price for WTI agreed
to by Aron and Coffeyville on the date on which they agree to the Supplemental Amount for such
Forward Purchase Contract, which price may be based on intra-day trading prices or the closing
settlement price on the New York Mercantile Exchange for the NYMEX WTI futures contract for the
nearby month on that day.

     “Sale Date” has the meaning specified in Section 2.4 below.

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     “Sale Price” means, for any Forward Sale Contract, a per Barrel price for WTI agreed
to by Aron and Coffeyville on or before the Sale Date for that Forward Sale Contract, provided
that if no such price is agreed to, the per Barrel price shall be the closing settlement price on
the New York Mercantile Exchange for the NYMEX WTI futures contract for the nearby month, for the
Sale Date (or if such day is not a NYMEX trading day, the first NYMEX trading day thereafter), in
any case either (i) plus the Supplemental Amount, if such amount is due to Aron or (ii) minus the
Supplemental Amount, if such amount is due to Coffeyville.

     “Specified Transaction” means (a) any transaction (including an agreement with respect
thereto) now existing or hereafter entered into between Aron (or any Designated Affiliate of Aron)
and Coffeyville (or any Designated Affiliate of Coffeyville) (i) which is a rate swap transaction,
swap option, basis swap, forward rate transaction, commodity swap, commodity option, commodity spot
transaction, equity or equity index swap, equity or equity index option, bond option, interest rate
option, foreign exchange transaction, cap transaction, floor transaction, collar transaction,
currency swap transaction, cross-currency rate swap transaction, currency option, weather swap,
weather derivative, weather option, credit protection transaction, credit swap, credit default
swap, credit default option, total return swap, credit spread transaction, repurchase transaction,
reverse repurchase transaction, buy/sell-back transaction, securities lending transaction, or
forward purchase or sale of a security, commodity or other financial instrument or interest
(including any option with respect to any of these transactions) or (ii) which is a type of
transaction that is similar to any transaction referred to in clause (i) that is currently, or in
the future becomes, recurrently entered into the financial markets (including terms and conditions
incorporated by reference in such agreement) and that is a forward, swap, future, option or other
derivative on one or more rates, currencies, commodities, equity securities or other equity
instruments, debt securities or other debt instruments, or economic indices or measures of economic
risk or value, (b) any combination of these transactions and (c) any other transaction identified
as a Specified Transaction in this agreement or the relevant confirmation; provided that, without
limiting the generality of the foregoing, Specified Transaction shall include any “Transaction”
that is subject to the ISDA Master Agreement, dated as of June 24, 2005, between Aron and
Coffeyville Resources, LLC, including any confirmations subject thereto (collectively, the “Master
Agreement”) or the Crude Oil Supply Agreement, dated as of December 23, 2005, between Aron and
Coffeyville.

     “Storage Period” means, for each Stored Quantity and its related Storage Tank, the period
commencing on the Purchase Date for that Stored Quantity and ending at the time such Stored
Quantity has been either sold by Aron to Coffeyville pursuant to Sections 2.4, 4.3, 4.4, 4.5 and
4.6 below or otherwise disposed of by Aron.

     “Storage Tanks” means the crude oil storage tanks listed on Schedule 1 hereto.

     “Stored Quantity” has the meaning specified in Section 2.3 below.

     “WTI” means West Texas Intermediate crude oil and any crude oil meeting the specifications of
the NYMEX WTI futures contract for delivery at Cushing, Oklahoma.

     1.2 Construction of Agreement.

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          (a) Unless otherwise specified, all references herein are to the Articles, Sections
and Exhibits of this Agreement and all Schedules and Exhibits are incorporated herein.

          (b) All headings herein are intended solely for convenience of reference and shall not
affect the meaning or interpretation of the provisions of this Agreement.

          (c) Unless expressly provided otherwise, the word “including” as used herein does not limit
the preceding words or terms and shall be read to be followed by the words “without limitation”
or words having similar import.

          (d) Unless expressly provided otherwise, all references to days, weeks, months and quarters
mean calendar days, weeks, months and quarters, respectively.

          (e) Unless expressly provided otherwise, references herein to “consent” mean the prior
written consent of the Party at issue, which shall not be unreasonably withheld, delayed or
conditioned.

          (f) A reference to any Party to this Agreement or another agreement or document includes the
Party’s permitted successors and assigns.

          (g) Unless the contrary clearly appears from the context, for purposes of this Agreement,
the singular number includes the plural number and vice versa; and each gender includes the other
gender.

          (h) Except where specifically stated otherwise, any reference to any Applicable Law or
agreement shall be a reference to the same as amended, supplemented or re-enacted from time to
time.

          (i) 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.

     1.3 The Parties acknowledge that they and their counsel have reviewed and revised this
Agreement and that no presumption of contract interpretation or construction shall apply to the
advantage or disadvantage of the drafter of this Agreement.

2. Purchase of Gathered Crude.

     2.1 Prior to and through the Final Fill Date, Coffeyville shall arrange to transport Gathered
Crude to the Storage Tanks until all of such tanks have been filled to their working capacities.

     2.2 No later than three Business Days prior to the date that Coffeyville (in its reasonable
judgment) expects to be the Fill Date for a particular Storage Tank, Coffeyville shall notify Aron
in writing (or via email) of such expected Fill Date and the Storage Tank to which it relates
(each, a “Fill Notice”). If, for any reason, Coffeyville changes its expectation regarding the
Fill Date for any Storage Tank, it shall immediately notify Aron in writing (or via email) of such
changed expectation.

6

 

     2.3 On the Fill Date for a Storage Tank, pursuant to the instructions of the
Parties, the Independent Inspector shall, promptly after such Storage Tank has been filled to the
level at which Coffeyville desires to cease any further additions of Gathered Crude thereto, gauge
and seal such Storage Tank. The Independent Inspector shall provide to Aron and Coffeyville a
certified report showing the total net quantity of Gathered Crude held in such Storage Tank at the
time it was sealed on that Fill Date (the “Stored Quantity”).

     2.4 With respect to each Storage Tank for which a Fill Notice has been delivered to Aron,
Coffeyville and Aron shall endeavor, in good faith and in a commercially reasonable manner, to
agree upon the following terms with respect to the Stored Quantity relating to that Storage Tank:
(i) the date on which Aron shall purchase such Stored Quantity from Coffeyville under a Forward
Purchase Contract, which date shall be a Business Day occurring no earlier than the later of the
Fill Date for that Storage Tank or three days after the date on which these terms are agreed to
(the “Purchase Date”), (ii) the date on which Coffeyville shall purchase such Stored Quantity from
Aron under a Forward Sale Contract, which date shall be a Business Day occurring no earlier than
three days after such Purchase Date (the “Sale Date”) and (iii) the Supplemental Amount for that
Stored Quantity and the Party to which such Supplemental Amount is due. If the Parties agree on
such terms, then on the date of such agreement, Coffeyville and Aron shall automatically, and
without any further action by either party, be deemed to have entered into a forward contract
(“Forward Purchase Contract”) under which Coffeyville agrees to sell to Aron, and Aron agrees to
buy from Coffeyville, the Stored Quantity on the agreed Purchase Date, at a price per Barrel equal
to the Purchase Price. If the Parties are unable to agree on such terms for any Stored Quantity,
then no Forward Purchase Contract or Forward Sale Contract shall result with respect to that Stored
Quantity, the applicable Storage Tank may be unsealed by Coffeyville and the Parties shall have no
obligations under this Agreement with respect to such Storage Tank or its Stored Quantity.

     2.5 For purposes hereof, the “Supplemental Amount” shall mean, for any Stored
Quantity, an amount per Barrel mutually agreed to by the Parties that reflects (i) Aron’s cost of
funds for that Stored Quantity’s Aggregate Purchase Price over its Expected Storage Period, (ii)
Coffeyville’s cost of storage for that Stored Quantity over its Expected Storage Period and (iii)
depending upon the extent to which the forward crude oil market is then in contango or
backwardation and taking account of such funding and storage costs, an additional amount
representing either a portion of such contango being allocated to Coffeyville or a transaction fee
being paid to Aron. In no event shall the manner in which any Supplemental Amount is determined
obligate Aron to pay or reimburse any of the charges referred to in Section 3.1 below, it being
agreed that the reference in clause (ii) above to cost of storage relates only to the factors to be
taken into account in establishing a Supplemental Amount.

     2.6 If a Forward Purchase Contract is entered into pursuant to Section 2.4 above, Aron shall
prepare and provide to Coffeyville via facsimile or electronic transmission a written confirmation
for the Forward Purchase Contract in substantially the form of Exhibit A hereto. Notwithstanding
any failure of Aron to provide such confirmation, the Parties shall be bound by the terms of such
Forward Purchase Contract, which shall be a legally binding contract between the Parties from the
moment it is deemed entered into pursuant to Section 2.4 above.

7

 

     2.7 Title to the Stored Quantity subject to a Forward Purchase Contract shall pass
from Coffeyville to Aron, by in-tank title transfer, at the relevant Storage Tank on the Purchase
Date for that Forward Purchase Contract; provided that if the Fill Date for such Storage Tank
occurs on that Purchase Date, then title shall transfer at the time such Storage Tank is gauged and
sealed by an independent inspector.

     2.8 The Aggregate Purchase Price to be paid under each Forward Purchase Contract shall be due
and payable on the first Business Day after the Purchase Date for that Forward Purchase Contract.

3. Storage of Gathered Crude.

     3.1 For each Storage Tank, Aron shall have the exclusive right to store crude oil in such
Storage Tank for the applicable Storage Period. Aron shall not be charged any storage, handling,
throughput or other fees, nor be responsible for any expenses relating to the Storage Tanks or the
operation or maintenance thereof.

     3.2 During the Storage Period for each Storage Tank, (i) the Stored Quantity shall be the only
material stored in such Storage Tank, (ii) no other materials shall be stored, or commingled with
the Stored Quantity, in such Storage Tank and (iii) the seal placed on such Storage Tank by the
Independent Inspector shall not be broken without Aron’s prior written consent.

     3.3 Aron shall retain exclusive title to the Stored Quantity stored by it at each Storage
Tanks during the relevant Storage Period. Coffeyville shall bear all risk of loss with respect to
each such Stored Quantity.

     3.4 At all times during each Storage Period, the Stored Quantity in the related Storage Tank
is and shall remain the property of Aron. During each Storage Period, Coffeyville shall hold the
Stored Quantity in the related Storage Tank solely as bailee, and represents and warrants that when
any such Stored Quantity is redelivered to Aron or any party designated by Aron, Aron or such
designated party shall have good title thereto free and clear of any liens, security interests,
encumbrances and claims of any kind whatsoever. During the Storage Period, neither Coffeyville nor
any of its affiliates shall (and Coffeyville shall not permit any of its affiliates or any other
Person to) use the relevant Stored Quantity for any purpose.

     3.5 Coffeyville agrees that all tankage shall be in sound condition and capable of storing the
Stored Quantity without contaminating such Gathered Crude. Coffeyville will maintain and operate
the tankage in good working order and repair and serviceable condition in accordance with generally
accepted industry standards and in compliance with all applicable laws and regulations.
Coffeyville shall have sole responsibility for all operations at each of the Storage Tanks
(including all related pipelines and equipment of Coffeyville and its Affiliates) and for
performing all storage and throughput services at or related to the Storage Tanks. Without limiting
the foregoing, Coffeyville shall be responsible for all maintenance and repairs, labor, utilities,
pumps, piping, tank conditions, heat and other activities on, at or under the Storage Tanks. All
movements, receipts and deliveries of Gathered Crude or other materials to, at or from any Storage
Tank shall be solely the responsibility of Coffeyville. Aron does not,

8

 

directly or indirectly, have any responsibility for the operation or maintenance of the
Storage Tanks or any movements of Gathered Crude or other materials to, at or from the Storage
Tanks.

     3.6 Aron and its representatives may inspect the Storage Tanks and any other related pipelines
and equipment from time to time during the term of this Agreement. Coffeyville shall permit Aron or
its representatives, at any reasonable times during normal business hours, to conduct such
inspections.

     3.7 Coffeyville agrees that it shall not sell, shall have no interest in and shall not permit
the creation of, or suffer to exist, any security interest, lien, encumbrance, charge or other
claim of any nature with respect to any of the Stored Quantities.

     3.8 Prior to the Fill Date for any Storage Tank, Coffeyville shall (i) arrange to post at that
Storage Tank such signage as Aron shall reasonably request stating that Aron is the owner of all
materials held in such Storage Tank and (ii) take all actions necessary to maintain such signage in
place for the Storage Period.

4. Sale of Gathered Crude.

     4.1 Upon agreeing to the terms referred to in Section 2.4 above with respect to any Stored
Quantity, Coffeyville and Aron shall automatically, and without any further action by either party,
be deemed to have entered into a separate forward contract (each, a “Forward Sale
Contract”) with respect to that Stored Quantity and its related Storage Tank under which Aron
agrees to sell to Coffeyville, and Coffeyville agrees to buy from Aron, that Stored Quantity on the
applicable Sale Date, at a price per Barrel equal to the applicable Sale Price; provided that such
Forward Sale Contract shall not become effective unless the purchase and sale of that Stored
Quantity under the Forward Purchase Contract relating to that Stored Quantity shall have occurred.
In no event, unless other expressly agreed by Aron, shall the Sale Date for any Forward Sale
Contract be later than the Final Sale Date.

     4.2 If a Forward Sale Contract is entered into pursuant to Section 4.1 above, Aron shall
prepare and provide to Coffeyville via facsimile or electronic transmission a confirmation for that
Forward Sale Contract in substantially the form of Exhibit B hereto. Notwithstanding any failure
of Aron to provide such confirmation, the Parties shall be bound by the terms of such Forward Sale
Contract, which shall be a legally binding contact between the Parties from the moment it is deemed
entered into pursuant to Section 4.1 above.

     4.3 For each Forward Sale Contract, Coffeyville shall pay to Aron the Aggregate Sale Price on
the Sale Date for that Forward Sale Contract.

     4.4 Aron’s sole obligation under each Forward Sale Contract shall be to transfer to
Coffeyville title to whatever portion of the Stored Quantity remains in the relevant Storage Tank
at the time of such transfer. To the extent that the volume of material held in a Storage Tank at
the time of transfer is less than the Stored Quantity originally stored therein, such loss shall be
solely for the account of Coffeyville, regardless of the reason for such loss (collectively,
Storage Losses”). EXCEPT FOR THE WARRANTY OF TITLE WITH RESPECT TO CRUDE OIL TRANSFERRED UNDER
SECTION 4.6 BELOW, ARON MAKES NO WARRANTY, CONDITION OR OTHER REPRESENTATION, WRITTEN OR ORAL,
EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS

9

 

OR SUITABILITY OF THE CRUDE OIL FOR ANY PARTICULAR PURPOSE OR OTHERWISE. FURTHER, ARON
MAKES NO WARRANTY OR REPRESENTATION THAT THE CRUDE OIL CONFORMS TO ANY PARTICULAR SPECIFICATIONS.

     4.5 Coffeyville’s obligation to pay the Aggregate Sale Price shall not be reduced by
any Storage Losses, it being expressly acknowledged that such payment amount shall be calculated
based on the original Stored Quantity for the relevant Storage Tank.

     4.6 Title to any Gathered Crude held in the Storage Tank related to a Forward Sale Contract
shall pass from Aron to Coffeyville, by in-tank title transfer, at the relevant Storage Tank
immediately after Aron receives payment of the amount due to it under Section 4.3 with respect to
that Forward Sale Contract.

5. Adjustments.

     5.1 If Coffeyville desires to adjust the Sale Date for any Forward Sale Contract, it shall
promptly notify Aron thereof and shall specify the new date on which it proposes such Sale Date
shall occur.

     5.2 A new Sale Date for any Forward Sale Contract shall take effect only upon the agreement of
the Parties thereto, provided that such agreement may be conditioned upon such other modification
to the terms of such Forward Sale Contract as either Party may require, including modification to
the Supplemental Amount and the party to which such Supplemental Amount is due.

6. Conditions. Aron’s obligations to enter into any of the transactions contemplated by
this Agreement shall be subject to the satisfaction of the following condition on or before the
initial Fill Notice is given hereunder:

          (a) Coffeyville’s representations and warranties set forth in this Agreement shall be true
and correct at such time;

          (b) Aron shall have received lien search results with respect to Coffeyville and such
results shall be satisfactory to Aron, in its reasonable judgment;

          (c) Signage shall have been posted at the Storage Tanks as contemplated by Section 3.8; and

          (d) Aron shall have received the insurance certificates contemplated by Section 7.1.

7. Insurance.

     7.1 Coffeyville shall maintain with respect to the Storage Tanks and all related pipelines,
equipment and facilities, comprehensive general liability insurance (including injury, death and
property damage coverage), property insurance and sudden and accidental pollution insurance, in
each case in an amount consistent with good industry practice. Each of the policies evidencing
such coverages shall name Aron as a loss payee, as its interests may appear, or an

10

 

additional insured and prior to the commencement of any transactions hereunder, Coffeyville
shall deliver to Aron, certificates of insurance providing evidence, reasonably satisfactory to
Aron, that it has been named therein as such loss payee or additional insured, as appropriate.

     7.2 Aron may, in its discretion, maintain such insurance coverage relating to the transactions
contemplated hereby and the Stored Quantities as Aron may elect, but any such insurance coverage
maintained by Aron shall in no way limit Coffeyville’s obligations under Section 7.1.

     7.3 The mere purchase and existence of insurance does not reduce or release either Party from
any liability incurred or assumed under this Agreement.

8. Taxes.

     8.1 Prices in this Agreement do not include any applicable sales, use, valorem, excise,
property, spill, environmental, or similar taxes, duties and fees (each, a “Tax” and collectively,
“Taxes”) regardless of the taxing authority. Coffeyville shall pay such Taxes unless there is an
applicable exemption from such Tax, with written confirmation of such Tax exemption to be provided
to Aron. To the extent Aron is required by law to collect such Taxes, one hundred percent (100%)
of such Taxes shall be invoiced, or added to other invoices, as separately stated charges and paid
in full by Coffeyville within ten (10) Business Days after receipt of such invoice, unless
Coffeyville is exempt from such Taxes and furnishes Aron with a certificate of exemption. Aron
shall be responsible for all taxes imposed on Aron’s income.

     8.2 If Coffeyville disagrees with Aron’s determination that any Tax is due with respect to
transactions under this Agreement, Coffeyville shall have the right to seek an administrative
determination from the applicable taxing authority, or, alternatively, Coffeyville shall have the
right to contest any asserted claim for such Taxes, subject to its agreeing to indemnify Aron for
the entire amount of such contested Tax (including any associated interest and/or late penalties)
should such Tax be deemed applicable. Aron agrees to reasonably cooperate with the Coffeyville
in the event Coffeyville determines to contest any such Taxes.

     8.3 Coffeyville and Aron shall promptly inform each other in writing of any assertion by a
taxing authority of additional tax liability in respect of said transactions. Any legal
proceedings or any other action against Aron with respect to such asserted liability shall be under
Aron’s direction but Coffeyville shall be consulted. Any legal proceedings or any other action
against Coffeyville with respect to such asserted liability shall be under Coffeyville’s direction
but Aron shall be consulted. In any event, Coffeyville and Aron shall fully cooperate with each
other as to the asserted liability. Each party shall bear all the reasonable costs of any action
undertaken by the other at the Party’s request.

9. Force Majeure.

     9.1 Except as otherwise provided in Section 9.2 below, neither Party shall be liable to the
other if it is rendered unable by an event of Force Majeure to perform in whole or in part any
obligation or condition of this Agreement, for so long as the event of Force Majeure exists and to
the extent that performance is hindered by the event of Force Majeure; provided, however, that the
Party unable to perform (the “Affected Party”) shall use any commercially reasonable efforts

11

 

to avoid or remove the event of Force Majeure. During the period that performance by the
Affected Party of a part or whole of its obligations has been suspended by reason of an event of
Force Majeure, the other Party (the “Non-Affected Party”) likewise may suspend the performance of
all or a part of its obligations to the extent that such suspension is commercially reasonable,
except for any payment and indemnification obligations.

     9.2 Notwithstanding anything herein to the contrary, an event of Force Majeure shall not
excuse:

          (a) Either Party from any obligation to make payment hereunder that has become due in
accordance with the terms hereof (including, without limitation, Coffeyville’s obligation to make
payment under each Forward Sale Contract on the applicable Sale Date):

          (b) Coffeyville from any obligation hereunder if such event of Force Majeure affects any of
the Storage Tanks (or related pipelines, facilities or equipment) during the Storage Period.

     9.3 The Party so affected by an event of Force Majeure shall promptly give notice thereof to
the other party, including, to the extent feasible, the details and the expected duration of the
Force Majeure event and the volume of any Gathered Crude or other materials affected. Initial
notice may be given orally; however, written notice with reasonably full particulars of the event
is required as soon as reasonably possible. The Affected Party also shall promptly notify the
Non-Affected Party when the event of Force Majeure is terminated.

10. Representations, Warranties and Covenants.

     10.1 Mutual Representations. Each Party represents and warrants to the other
Party as of the date hereof and each date upon which a Forward Purchase Contract or Forward Sale
Contract is deemed entered into, that:

          (a) It is an “Eligible Contract Participant” as defined in Section la(12) of the
Commodity Exchange Act, as amended.

          (b) It is a “forward contract merchant” in respect of this Agreement and this Agreement and
each of the purchases and sales of Gathered Crude hereunder constitute “forward contracts,” as
such terms are defined in the Bankruptcy Code.

          (c) It is duly organized and validly existing under the laws of the jurisdiction of its
organization or incorporation and in good standing under such laws.

          (d) It has the corporate, governmental or other legal capacity, authority and power to
execute this Agreement, to deliver this Agreement and to perform its obligations under this
Agreement, and has taken all necessary action to authorize the foregoing.

          (e) The execution, delivery and performance in the preceding paragraph (d) do not violate or
conflict with any law applicable to it, any provision of its constitutional documents, any order
or judgment of any court or Governmental Authority applicable to it or any of its assets or any
contractual restriction binding on or affecting it or any of its assets.

12

 

          (f) All governmental and other authorizations, approvals, consents, notices and
filings that are required to have been obtained or submitted by it with respect to this Agreement
have been obtained or submitted and are in full force and effect, and all conditions of any such
authorizations, approvals, consents, notices and filings have been complied with.

          (g) Its obligations under this Agreement constitute its legal, valid and binding obligations,
enforceable in accordance with its terms (subject to applicable bankruptcy, reorganization,
insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to
enforceability, to equitable principles of general application regardless of whether enforcement is
sought in a proceeding in equity or at law).

          (h) No Event of Default or Potential Event of Default has occurred and is continuing, and no
such event or circumstance would occur as a result of its entering into or performing its
obligations under this Agreement.

          (i) There is not pending or, to its knowledge, threatened against it or any of its Affiliates
any action, suit or proceeding at law or in equity or before any court, tribunal, Governmental
Authority, official or any arbitrator that is likely to affect the legality, validity or
enforceability against it of this Agreement or its ability to perform its obligations under this
Agreement.

          (j) It possesses all necessary permits, authorizations, registrations and licenses required
to perform its obligations hereunder and to consummate the transactions contemplated hereby in
each jurisdiction with respect to which it has obtained Tax licenses.

          (k) It is not relying upon any representations of the other Party other than those expressly
set forth in this Agreement.

          (1) It has entered into this Agreement as principal (and not as advisor, agent, broker or in
any other capacity, fiduciary or otherwise), with a full understanding of the material terms and
risks of the same, and is capable of assuming those risks.

          (m) It has made its trading and investment decisions (including their suitability) based upon
its own judgment and any advice from its advisors as it has deemed necessary and not in reliance
upon any view expressed by the other Party.

          (n) The other Party (i) is acting solely in the capacity of an arm’s-length contractual
counterparty with respect to this Agreement, (ii) is not acting as a financial advisor or
fiduciary or in any similar capacity with respect to this Agreement and (iii) has not given to it
any assurance or guarantee as to the expected performance or result of this Agreement.

          (o) It is not bound by any agreement that would preclude or hinder its execution, delivery,
or performance of this Agreement.

          (p) Neither it nor any of its Affiliates has been contacted by or negotiated with any finder,
broker or other intermediary in connection with the sale of Gathered Crude hereunder who is
entitled to any compensation with respect thereto.

13

 

          (q) None of its directors, officers, employees or agents or those of its Affiliates
has received or will receive any commission, fee, rebate, gift or entertainment of significant
value in connection with this Agreement.

     10.2 Mutual Covenants.

          (a) Each Party shall, in the performance of its obligations under this Agreement, comply in
all material respects with Applicable Law, including all Environmental Law. Each Party shall
maintain the records required to be maintained by Environmental Law and shall make such records
available to the other Party upon its reasonable request. Each Party also shall immediately
notify the other Party of any violation or alleged violation of any Environmental Law relating to
any Gathered Crude sold or purchases under this Agreement and, upon request, shall provide to the
other Party all evidence of environmental inspections or audits by any Governmental Authority with
respect to such Gathered Crude.

          (b) All records or documents provided by either Party to the other shall, to the best
knowledge of such Party, accurately and completely reflect the facts about the activities and
transactions to which they relate. Each Party shall promptly notify the other if at any time such
Party has reason to believe that any records or documents previously provided to the other Party
no longer are accurate or complete.

          (c) The Parties acknowledge and agree that the transactions subject to this Agreement
constitute commercial transactions under which the relevant quantities of Gathered Crude are being
purchased and sold and title thereto is being transferred.

     10.3 Acknowledgement by Coffeyville. Coffeyville acknowledges and agrees that (1) Aron
is a merchant of crude oil and may, from time to time, be dealing with prospective counterparties,
or pursuing trading or hedging strategies, in connection with aspects of Aron’s business which are
unrelated hereto and that such dealings and such trading or hedging strategies may be different
from or opposite to those being pursued by or for Coffeyville, (2) Aron has no fiduciary or trust
obligations of any nature with respect to Coffeyville or the Refinery, (3) Aron may enter into
transactions and purchase oil for its own account or the account of others at prices more favorable
than those being paid to or by Coffeyville hereunder and (4) nothing herein shall be construed to
prevent Aron, or any of its partners, officers, employees or Affiliates, in any way from
purchasing, selling or otherwise trading in crude oil or any other commodity for its or their own
account or for the account of others, whether prior to, simultaneously with or subsequent to any
transaction under this Agreement.

     10.4 Adequate Assurances.

          (a) Aron may, in its sole discretion and upon written notice to Coffeyville, require that
Coffeyville provide it with satisfactory security for or adequate assurance (“Adequate
Assurance”) of Coffeyville’s performance within 48 hours of Aron giving such notice if:

                    (i) Aron determines that reasonable grounds for insecurity exist with respect to
Coffeyville’s ability to perform its obligations hereunder; or

14

 

                    (ii) A Coffeyville payment default or event which, with the giving of notice or
lapse of time or both, would become a payment default hereunder, has occurred.

In the event Aron gives such a notice pursuant to clause (i) above, such notice shall include a
summary of the information upon which Aron has based its determination that such reasonable
grounds for insecurity exist. Such summary shall be in sufficient detail to reasonably communicate
Aron’s grounds that insecurity exists.

          (b) Any requirement for Adequate Assurance shall be satisfied only by Coffeyville’s delivery
of the types of Eligible Forms of Assurance (as defined below) referred to in clauses (i) and/or
(ii) of the definition thereof (it being agreed that the determination as to whether to provide
either the type referred to in clause (i) or the type referred to in clause (ii) shall be made by
Coffeyville in its sole discretion) or such other types of Eligible Forms of Assurance as Aron
shall deem acceptable in its sole discretion. “Eligible Forms of Assurance” shall consist
of (i) an irrevocable standby or documentary letter of credit, for a duration and in an amount
sufficient to cover a value up to the Current Exposure, including reasonable contingencies for the
designated time period, in a format reasonably satisfactory to Aron and issued or confirmed by a
bank reasonably acceptable to Aron, (ii) a prepayment to cover a value up to the Current Exposure;
(iii) a surety instrument for a duration and in an amount sufficient to cover a value up to the
Current Exposure, in a format reasonably satisfactory to Aron and issued by a financial
institution or insurance company reasonably acceptable to Aron; or (iv) a security interest in the
assets of Coffeyville to the extent permitted by the terms of the Specified Indebtedness and
sufficient, in the reasonable judgment of the Aron, to secure the Current Exposure. To continue to
satisfy any requirement for Adequate Assurance, the amount of any Eligible Form of Assurance
deemed acceptable by Aron as Adequate Assurance shall be adjusted from time to time so that it is
sufficient to cover the Current Exposure as it fluctuates.

          (c) Without prejudice to any other legal remedies available to Aron and without Aron
incurring any Liabilities (whether to Coffeyville or to a third party), Aron may, at its sole
discretion, take any or all of the following actions if Coffeyville fails to give Adequate
Assurance as required pursuant to this Section: (i) withhold or suspend its obligations, including
payment obligations, under this Agreement, (ii) proceed against Coffeyville for damages occasioned
by Coffeyville’s failure to perform, or (iii) exercise its termination rights under Article 11.

          (d) All bank charges relating to any letter of credit and any fees, commissions,
costs and expenses incurred with respect to furnishing security are for Coffeyville’s
account.

          (e) Coffeyville agrees, at any time and from time to time upon the request of Aron, to
execute, deliver and acknowledge, or cause to execute, deliver and acknowledge, such further
documents and instruments and do such other acts and things as Aron may reasonably request in
order to fully effect the purposes of this Agreement.

11. Default and Remedies.

     11.1 Events of Default. Notwithstanding any other provision of this
Agreement, the occurrence of any of the following shall constitute an “Event of Default”:

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          (a) Either Party fails to make payment when due under this Agreement within one
(1) Business Day after a written demand therefor; or

          (b) Other than a default described in Sections 11.1 (a) and (c), either Party
fails to perform any material obligation or covenant to the other under this Agreement, which is
not cured to the reasonable satisfaction of the other Party (in its sole discretion) within five
(5) Business Days after the date that such Party receives written notice that such obligation or
covenant has not been performed; or

          (c) Either Party breaches any material representation or material warranty made or repeated or
deemed to have been made or repeated by the Party, or any warranty or representation proves to have
been incorrect or misleading in any material respect when made or repeated or deemed to have been
made or repeated under this Agreement; provided, however, that if such breach is curable,
such breach is not cured to the reasonable satisfaction of the other Party within ten (10) Business
Days after the date that such Party receives notice that corrective action is needed; or

          (d) Either Party becomes Bankrupt; or

          (e) Either Party or any of its Designated Affiliates (1) defaults under a Specified
Transaction and, after giving effect to any applicable notice requirement or grace period, there
occurs a liquidation of, an acceleration of obligations under, or any early termination of, that
Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or
grace period, in making any payment or delivery due on the last payment, delivery or exchange date
of, or any payment on early termination of, a Specified Transaction (or such default continues for
at least three Business Days if there is no applicable notice requirement or grace period) or (3)
disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such
action is taken by any person or entity appointed or empowered to operate it or act on its behalf);
or

          (f) Coffeyville or any of its Affiliates sells, leases, subleases, transfers or otherwise
disposes of, in one transaction or a series of related transactions, all or a material portion of
the assets of the Refinery; or

          (g) Coffeyville or any of its Affiliates (i) consolidates or amalgamates with, merges with or
into, or transfers all or substantially all of its assets to, another entity (including an
Affiliate) or any such consolidation, amalgamation, merger or transfer is consummated, and (ii) the
successor entity resulting from any such consolidation, amalgamation or merger or the Person that
otherwise acquires all or substantially all of the assets of Coffeyville or any of its Affiliates
(A) does not assume, in a manner satisfactory to Aron, all of Coffeyville’s obligations hereunder,
including under any Sale Contract or any Spread Adjustment, or (B) has an “issuer credit” rating
below BB- by Standard and Poor’s Ratings Group or a “family credit” rating below B1 by Moody’s
Investors Service, Inc. (or an equivalent successor rating classification); or

          (h) Coffeyville fails to provide Adequate Assurance in accordance with Section 10.4; or

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          (i) There shall occur either (A) a default, event of default or other similar
condition or event (however described) in respect of Coffeyville or any of its Affiliates under
one or more agreements or instruments relating to Specified Indebtedness in an aggregate amount of
not less than $20,000,000 which has resulted in such Specified Indebtedness becoming due and
payable under such agreements and instruments before it would have otherwise been due and payable
or (B) a default by Coffeyville or any of its Affiliates (individually or collectively) in making
one or more payments on the due date thereof in an aggregate amount of not less than $10,000,000
under such agreements or instruments (after giving effect to any applicable notice requirement or
grace period), provided that a default under clause (B) above shall not constitute an Event of
Default if (x) the default was caused solely by error or omission of an administrative or
operational nature; (y) funds were available to enable the party to make the payment when due; and
(z) the payment is made within two Business Days of such party’s receipt of written notice of its
failure to pay.

Coffeyville shall be the Defaulting Party upon the occurrence of any of the events described in
clauses (f), (g), (h) and (i) above.

     11.2 Remedies Upon Event of Default.

          (a) Notwithstanding any other provision of this Agreement, upon the occurrence of an Event of
Default with respect to either Party (referred to as the “Defaulting Party”), the other
Party (the “Non-Defaulting Party”) shall have the right immediately and at any time(s) thereafter
to terminate this Agreement and to liquidate and terminate any or all Forward Purchase Contracts
and any or all Forward Sale Contracts then outstanding between the Parties. A Settlement Amount
(as defined below) shall be calculated in a commercially reasonable manner for each such
liquidated and terminated Forward Purchase Contract or Forward Sale Contract and be payable by one
Party to the other. “Settlement Amount” shall mean, with respect to any Forward Purchase
Contract or any Forward Sale Contract and the Non-Defaulting Party, the losses and costs (or
gains) expressed in U.S. Dollars, which such Party incurs as a result of the liquidation,
including losses and costs (or gains) based upon the then current replacement value of such
Forward Purchase Contract or Forward Sale Contract together with, at the Non-Defaulting Party’s
election but without duplication or limitation, all reasonable losses and costs which such Party
incurs as a result of maintaining, terminating, obtaining or re-establishing any hedge or related
trading positions, which, for purposes of such determination, shall include (x) the losses and
costs (or gains) incurred as a result of the liquidation and termination of all hedging positions
executed by Aron in connection with the transactions contemplated hereby and (y) the losses and
costs incurred by Aron in disposing of any Stored Quantities. The Settlement Amount shall be due
to or from the Non-Defaulting Party as appropriate. The Non-Defaulting Party shall determine the
Settlement Amount of any Forward Purchase Contract or any Forward Sale Contract as of the date on
which such termination occurs by reference to such futures, forward, swap and options markets as
it shall select in its reasonable judgment. In calculating a Settlement Amount, the Non-Defaulting
Party shall discount to present value (in any commercially reasonable manner based on London
interbank rates for the applicable period and currency) any amount which would be due at a later
date and shall add interest (at a rate determined in the same manner) to any amount due prior to
the date of the calculation.

17

 

          (b) Without limiting any other rights or remedies hereunder, if an Event of Default
occurs and Aron is the Non-Defaulting Party, Aron may, in its discretion, (i) withhold or suspend
its obligations, including any of its delivery or payment obligations, under this Agreement, (ii)
reclaim and repossess any and all of the Gathered Crude held at the Storage Tanks, and (iii)
otherwise arrange for the disposition of any such Gathered Crude Oil in such manner as it elects.

          (c) The Non-Defaulting Party shall set off (i) all such Settlement Amounts that are due to
the Defaulting Party, plus any performance security (including margin) then held by the
Non-Defaulting Party, plus (at the Non-Defaulting Party’s election) any or all other amounts due
to the Defaulting Party hereunder (including without limitation under Section 5 above), against
(ii) all such Settlement Amounts that are due to the Non-Defaulting Party, plus any performance
security (including margin) then held by the Defaulting Party, plus (at the Non-Defaulting
Party’s election) any or all other amounts due to the Non-Defaulting Party hereunder (including
without limitation under Section 5 above), so that all such amounts shall be netted to a single
liquidated amount payable by one Party to the other (the “Liquidated Amount”). The
Party with the payment obligation shall pay the Liquidated Amount to the other Party within one
Business Day of the liquidation.

          (d) No delay or failure on the part of the Non-Defaulting Party in exercising any right or
remedy to which it may be entitled on account of any Event of Default shall constitute an
abandonment of any such right, and the Non-Defaulting Party shall be entitled to exercise such
right or remedy at any time during the continuance of an Event of Default.

          (e) The Non-Defaulting Party’s rights under this Section shall be in addition to, and not in
limitation or exclusion of, any other rights which the Non-Defaulting Party may have (whether by
agreement, operation of law or otherwise), including without limitation any rights of recoupment,
setoff, combination of accounts, as a secured party or under any other credit support. The
Defaulting Party shall indemnify and hold the Non-Defaulting Party harmless from all costs and
expenses, including reasonable attorney fees, incurred in the exercise of any remedies hereunder.

          (f) If an Event of Default occurs, the Non-Defaulting Party may, without limitation on its
rights under this Section, set off amounts which the Defaulting Party owes to it against any
amounts which it owes to the Defaulting Party (whether hereunder, under the Forward Purchase
Contract, a Forward Sale Contract or otherwise and whether or not then due).

12. Indemnification.

     12.1 To the fullest extent permitted by Applicable Law and except as specified otherwise
elsewhere in this Agreement, Coffeyville shall defend, indemnify and hold harmless Aron, its
Affiliates, and their directors, officers, employees, representatives, agents and contractors for
and against any Liabilities directly or indirectly arising out of (i) any breach by Coffeyville of
any covenant or agreement contained herein or made in connection herewith or any representation or
warranty of Coffeyville made herein or in connection herewith proving to be false or misleading,
(ii) Coffeyville’s handling, storage, transportation or disposal of any Gathered Crude or the
products thereof, (iii) Coffeyville’s negligence or willful misconduct, (iv)

18

 

any failure by Coffeyville to comply with or observe any Applicable Law, or (v) injury,
disease, or death of any person or damage to or loss of any property, fine or penalty, any of which
is caused by Coffeyville or its employees, representatives, agents or contractors in the exercise
of any of the rights granted hereunder, except to the extent that such injury, disease, death, or
damage to or loss of property was caused by the negligence or willful misconduct on the part of
Aron, its Affiliates or any of their respective employees, representatives, agents or contractors.

     12.2 To the fullest extent permitted by Applicable Law and except as specified otherwise
elsewhere in this Agreement, Aron shall defend, indemnify and hold harmless Coffeyville, its
Affiliates, and their directors, officers, employees, representatives, agents and contractors for
and against any Liabilities directly or indirectly arising out of (i) any breach by Aron of any
covenant or agreement contained herein or made in connection herewith or any representation or
warranty of Aron made herein or in connection herewith proving to be false or misleading, (ii)
Aron’s negligence or willful misconduct, or (iii) any failure by Aron to comply with or observe any
Applicable Law.

     12.3 The Parties’ obligations to defend, indemnify, and hold each other harmless under the
terms of this Agreement shall not vest any rights in any third party (whether a Governmental
Authority or private entity), nor shall they be considered an admission of liability or
responsibility for any purposes other than those enumerated in this Agreement.

     12.4 Each Party agrees to notify each other as soon as practicable after receiving notice of
any claim or suit brought against it within the indemnities of this Agreement, shall furnish to the
other the complete details within its knowledge and shall render all reasonable assistance
requested by the other in the defense; provided, that, the failure to give such notice shall not
affect the indemnification provided hereunder, except to the extent that the Indemnifying Party is
materially adversely affected by such failure. Each Party shall have the right but not the duty to
participate, at its own expense, with counsel of its own selection, in the defense and settlement
thereof without relieving the other of any obligations hereunder. Notwithstanding the foregoing, an
Indemnifying Party shall not be entitled to assume responsibility for and control of any judicial
or administrative proceeding if such proceeding involves an Event of Default by the Indemnifying
Party under this Agreement which shall have occurred and be continuing.

13. Limitation on Damages. Unless otherwise expressly provided in this Agreement, the
Parties’ liability for damages is limited to direct, actual damages only (which include any amounts
determined under Section 11) and neither Party shall be liable for specific performance, lost
profits or other business interruption damages, or special, consequential, incidental, punitive,
exemplary or indirect damages, in tort, contract or otherwise, of any kind, arising out of or in
any way connected with the performance, the suspension of performance, the failure to perform, or
the termination of this Agreement; provided, however, that, such limitation shall not apply with
respect to (i) any third party claim for which indemnification is available under this Agreement or
(ii) any breach of Article 15. Each Party acknowledges the duty to mitigate damages hereunder.

14. Audit and Inspection. During the term of this Agreement each Party and its duly
authorized representatives, upon reasonable notice and during normal working hours, shall have
access to the accounting records and other documents maintained by the other Party, or any of

19

 

the other Party’s contractors and agents, which relate to this Agreement; provided,
that, neither this Section nor Section 5 shall entitle Coffeyville to have access to any records
concerning any hedges or offsetting transactions or other trading positions or pricing information
that may have been entered into with other parties or utilized in connection with the transactions
contemplated hereby. The right to inspect or audit such records shall survive termination of this
Agreement for a period of two (2) years following the last Sale Date to occur hereunder. Each
Party shall preserve, and shall cause all contractors or agents to preserve, all of the aforesaid
documents for a period of at least two (2) years from such last Sale Date.

15. Confidentiality.

     15.1 The Parties agree that the specific terms and conditions of this Agreement, including the
drafts of this Agreement exchanged by the Parties and any information exchanged between the
Parties, including calculations of any fees or other amounts paid by Coffeyville to Aron under this
Agreement and all information received by Aron from Coffeyville relating to the costs of operation,
operating conditions, and other commercial information of Coffeyville not made available to the
public, are confidential and shall not be disclosed to any third party, except (i) as may be
required by court order or Applicable Laws or as requested by a Governmental Authority, (ii) to
such Party’s or its Affiliates’ employees, directors, shareholders, auditors, consultants, banks,
lenders, financial advisors and legal advisors, or (iii) to such Party’ insurance providers, solely
for the purpose of procuring insurance coverage or confirming the extent of existing insurance
coverage; provided, that, prior to any disclosure permitted by this clause (iii), such insurance
providers shall have agreed in writing to keep confidential any information or document subject to
this Section. The confidentiality obligations under this Agreement shall survive termination of
this Agreement for a period of two years following the Termination Date. Coffeyville’s Affiliates
shall include GS Capital Partners V Fund and Kelso & Company solely for the purposes of this
Article 15.

     15.2 In the case of disclosure covered by clause (i) of Section 15.1, to the extent
practicable and legally permissible, the disclosing Party shall notify the other Party in writing
of any proceeding of which it is aware which may result in disclosure, and use reasonable efforts
to prevent or limit such disclosure. The Party seeking to prevent or limit such disclosure shall
be responsible for all costs and expenses incurred by both Parties in connection therewith. The
Parties shall be entitled to all remedies available at law, or in equity, to enforce or seek relief
in connection with the confidentiality obligations contained herein.

     15.3 Notwithstanding anything herein to the contrary, the Parties (and their respective
employees, representatives or other agents) are authorized to disclose to any person the U.S.
federal and state income tax treatment and tax structure of the transaction and all materials of
any kind (including tax opinions and other tax analyses) that are provided to the Parties relating
to that treatment and structure, without the Parties imposing any limitation of any kind. However,
any information relating to the tax treatment and tax structure shall remain confidential (and the
foregoing sentence shall not apply) to the extent necessary to enable any person to comply with
securities laws. For this purpose, “tax structure” is limited to any facts that may be relevant to
that treatment.

20

 

16. Governing Law.

     16.1 This Agreement shall be governed by, construed and enforced under the laws of the
State of New York without giving effect to its conflicts of laws principles that would require the
application of the laws of another state.

     16.2 Each of the Parties hereby irrevocably submits to the exclusive jurisdiction of any
federal or state court of competent jurisdiction situated in the City of New York, (without
recourse to arbitration unless both Parties agree in writing), and to service of process by
certified mail, delivered to the Party at the address indicated in Article 16. Each Party hereby
irrevocably waives, to the fullest extent permitted by Applicable Law, any objection to personal
jurisdiction, whether on grounds of venue, residence or domicile.

     16.3 Each party waives, to the fullest extent permitted by applicable law,
any right it may have to a trial by jury in respect of any proceedings relating to this
agreement.

17. Assignment.

     17.1 This Agreement shall inure to the benefit of and be binding upon the Parties hereto,
their respective successors and permitted assigns.

     17.2 Coffeyville shall not assign this Agreement or its rights or interests hereunder in whole
or in part, or delegate its obligations hereunder in whole or in part, without the express written
consent of Aron; provided, however, that no such consent shall be required with respect to an
assignment by Coffeyville to any Person that succeeds to all or substantially all of the Refinery
and assumes Coffeyville’s obligations hereunder whether by contract, operation of law or otherwise
if such Person has an “issuer credit” rating above B+ by Standard and Poor’s Ratings Group and a
“family credit” rating above B2 by Moody’s Investors Service, Inc. (or an equivalent successor
rating classification) or, if such Person is not rated by either of such rating agencies, its
creditworthiness (as determined by Aron in its commercially reasonable judgment) is equivalent or
superior to that of an entity which has debt ratings that satisfy the foregoing ratings
requirement. Aron may, without Coffeyville’s consent, assign and delegate all of Aron’s rights and
obligations hereunder to (i) any Affiliate of Aron, provided that the obligations of such Affiliate
hereunder are guaranteed by The Goldman Sachs Group, Inc. or (ii) any non-Affiliate Person that
succeeds to all or substantially all of its assets and business and assumes Aron’s obligations
hereunder, whether by contract, operation of law or otherwise, provided that the creditworthiness
of such successor entity is equal or superior to the creditworthiness of Aron immediately prior to
such assignment. Any other assignment by Aron shall require Coffeyville’s consent.

     17.3 Any attempted assignment in violation of this Article 17 shall be null and void
ab initio and the non-assigning Party shall have the right, without prejudice to any other rights
or remedies it may have hereunder or otherwise, to terminate this Agreement effective immediately
upon notice to the Party attempting such assignment.

18. Notices.

     18.1 All invoices, notices, requests and other communications given pursuant to this
Agreement shall be in writing and sent by facsimile or nationally recognized overnight courier;

21

 

provided that, email or other electronic means of communication may be used to send
any invoice pursuant to this Agreement and in any other case expressly permitted by the terms
hereof. A notice shall be deemed to have been received when transmitted by facsimile to the other
Party’s facsimile number set forth in Schedule 2 (if confirmed by the notifying Party’s
transmission report), or on the following Business Day if sent by nationally recognized overnight
courier to the other Party’s address set forth in Schedule 2 and to the attention of the
person or department indicated; provided, that, a copy of any such notice or communication
pursuant to Section 9, 11, 12 or 17 shall also be provided to the party indicated below. A Party
may change its address or facsimile number by giving written notice in accordance with this
Section, which is effective upon receipt.

If to Coffeyville, to:

Coffeyville Resources Refining & Marketing, LLC

10 East Cambridge Circle Drive, Suite 250

Kansas City, Kansas 66103

Attn: Chief Executive Officer

Fax: 913-891-0000

And with additional copy to:

Coffeyville Resources Refining & Marketing, LLC

10 East Cambridge Circle Drive, Suite 250

Kansas City, Kansas 66103

Attn: General Counsel

Fax: 913-891-0000

If to Aron, to:

J. Aron & Company

One New York Plaza

New York, New York 10004

Attn: Daniel Feit

19. No Waiver; Cumulative Remedies.

     19.1 The failure of a Party hereunder to assert a right or enforce an obligation of the other
Party shall not be deemed a waiver of such right or obligation. The waiver by any Party of a breach
of any provision of, or Event of Default or Potential Event of Default under, this Agreement shall
not operate or be construed as a waiver of any other breach of that provision or as a waiver of any
breach of another provision of, Event of Default or Potential Event of Default under, this
Agreement, whether of a like kind or different nature.

     19.2 Each and every right granted to the Parties under this Agreement or allowed it by law or
equity, shall be cumulative and may be exercised from time to time in accordance with the terms
thereof and Applicable Law.

22

 

20. Nature of Transaction and Relationship of Parties.

     20.1 This Agreement shall not be construed as creating a partnership, association or joint
venture between the Parties. It is understood that Coffeyville is an independent contractor with
complete charge of its employees and agents in the performance of its duties hereunder, and nothing
herein shall be construed to make Coffeyville, or any employee or agent of Coffeyville, an agent or
employee of Aron.

     20.2 Neither Party shall have the right or authority to negotiate, conclude or execute any
contract or legal document with any third person; to assume, create, or incur any liability of any
kind, express or implied, against or in the name of the other; or to otherwise act as the
representative of the other, unless expressly authorized in writing by the other.

21. Miscellaneous.

     21.1 If any Article, Section or provision of this Agreement shall be determined to be null and
void, voidable or invalid by a court of competent jurisdiction, then for such period that the same
is void or invalid, it shall be deemed to be deleted from this Agreement and the remaining portions
of this Agreement shall remain in full force and effect.

     21.2 The terms of this Agreement constitute the entire agreement between the Parties with
respect to the matters set forth in this Agreement, and no representations or warranties shall be
implied or provisions added in the absence of a written agreement to such effect between the
Parties. This Agreement shall not be modified or changed except by written instrument executed by
the Parties’ duly authorized representatives.

     21.3 No promise, representation or inducement has been made by either Party that is not
embodied in this Agreement or the Temporary Assignment, and neither Party shall be bound by or
liable for any alleged representation, promise or inducement not so set forth.

     21.4 Time is of the essence with respect to all aspects of each Party’s performance of any
obligations under this Agreement.

     21.5 Nothing expressed or implied in this Agreement is intended to create any rights,
obligations or benefits under this Agreement in any person other than the Parties and their
successors and permitted assigns.

     21.6 All audit rights, payment, confidentiality and indemnification obligations and
obligations under this Agreement shall survive the expiration or termination of this Agreement.

     21.7 This Agreement may be executed by the Parties in separate counterparts and initially
delivered by facsimile transmission or otherwise, with original signature pages to follow, and all
such counterparts shall together constitute one and the same instrument.

     21.8 All Forward Purchase Contracts and Forward Sale Contracts and other
transactions hereunder are entered into in reliance on the fact this Agreement and all such
Contracts and other transactions constitute a single integrated agreement between the parties, and

23

 

the parties would not have otherwise entered into any Forward Purchase Contract,
Forward Sale Contract or other transactions hereunder.

[Remainder of Page Intentionally Left Blank]

24

 

IN WITNESS WHEREOF, each Party hereto as caused this Agreement to be executed by its
duly authorized representative as of the date first above written.

	 	 	 	 
	J. ARON & COMPANY

 	 
	By:  	/s/ Jeff Frank
 	 
	Title: 	   Managing Director 	 
	Date: 	  March 21, 2007	 
	 

	 	 	 	 
	COFFEYVILLE RESOURCES REFINING 
& MARKETING, LLC

 	 
	By:  	/s/
Stanley
A. Riemann	 
	Title: 	 COO 	 
	Date: 	March 20, 2007 	 

25

 

	 	 	 	 	 

EXHIBIT A

FORM OF CONFIRMATION FOR FORWARD PURCHASE CONTRACT

Please note that this is a draft confirmation and is being provided for your information and
convenience only. A final confirmation will be forwarded to you upon execution of a transaction.
This draft does not represent a commitment on the part of either party to enter into any
transaction.

To: COFFEYVILLE RESOURCES REFINING AND MARKETING, LLC

Attention: COUNTERPARTY CONTACT

From: J. Aron & Company

We are pleased to confirm the following Forward Purchase Contract with you .

	 	 	 
	Contract Reference
Number:

	 	XXXXXXXXX X X
	 
	 	 
	Trade Date:

	 	XX XXX XXXX
	 
	 	 
	Seller:

	 	COFFEYVILLE RESOURCES REFINING AND MARKETING,
LLC
	 
	 	 
	Buyer:

	 	J. Aron & Company
	 
	 	 
	Product:

	 	DOMESTIC SWEET (WEST TEXAS INTERMEDIATE QUALITY)
CRUDE OIL
	 
	 	 
	Storage Tank:

	 	[Insert reference to relevant Storage Tank]
	 
	 	 
	Stored Quantity:

	 	XX,XXX..XX U.S. Barrel(s) or if not yet
determined, the amount included on the Independent
Inspector’s certified report received by Aron for each
Storage Tank
	 
	 	 
	Delivery:

	 	In Storage Tank on the Purchase Date
	 
	 	 
	Purchase Date:

	 	                    , 2007
	 
	 	 
	Price:

	 	The Purchase Price (as determined pursuant to the
Agreement referenced below). Payment shall be made as
per the Agreement on the first Business Day after the
Purchase Date.

All provisions contained or incorporated by reference in the Purchase, Storage and Sale
Agreement for Gathered Crude dated as of March    , 2007 between Coffeyville
Resources Refining & Marketing, LLC and J. Aron & Company (the “Agreement”) will

 

 

govern this confirmation except as expressly modified herein. If there is a conflict between
the terms of the Confirmation and the terms of the Agreement, the terms of the Confirmation shall
govern.

Contacts:

Please note the following contacts act on behalf of J. Aron & Company

Operations: J. Aron & Company, New York

Telex: 6720148 GSPNY

Phone: (212) 902-7349

Fax: (212) 493-9847

Credit: J. Aron & Company, New York

Attn: Credit & Risk Management

Telex: 6720148 GSPNY

Phone: (212) 902-7482

Fax: (212) 493-9084

Please confirm that the foregoing correctly sets forth the terms of our agreement with respect to
this transaction (Contract Reference Number: XXXXXXXXX X X) by signing this confirmation in the
space provided below and immediately returning a copy of the executed confirmation via facsimile to
the attention of Commodity Operations at:

New York: 1-212-493-9846 (J. Aron & Company)

London: 44-207-774-2135 (Goldman Sachs International)

Singapore: 65-6889-3525 (J. Aron & Company (Singapore) Pte.)

[NOTE: upon implementation of electronic confirmation process (referred to as “click and confirm”),
foregoing language shall be modified accordingly]

Regards,

J. Aron & Company

Signed on behalf of J. Aron & Company

By:

Kathy Benini

Vice President

J. Aron & Company

	 	 	 	 
	Signed on behalf of COFFEYVILLE RESOURCES 
REFINING AND MARKETING,
LLC

 	 
	By:  	 	 
	Name:  	 	 	 
	Title:  	 	 	 

2

 

	 	 	 	 	 

EXHIBIT B

FORM OF CONFIRMATION FOR FORWARD SALE CONTRACT

Please note that this is a draft confirmation and is being provided for your information and
convenience only. A final confirmation will be forwarded to you upon execution of a transaction.
This draft does not represent a commitment on the part of either party to enter into any
transaction.

To: COFFEYVILLE RESOURCES REFINING AND MARKETING, LLC

Attention: COUNTERPARTY CONTACT

From: J. Aron & Company

We are pleased to confirm the following Forward Sale Contract with you .

	 	 	 
	Contract Reference
Number:

	 	XXXXXXXXX X X
	 
	 	 
	Trade Date:

	 	XX XXX XXXX
	 
	 	 
	Buyer:

	 	COFFEYVILLE RESOURCES REFINING AND MARKETING,
LLC
	 
	 	 
	Seller:

	 	J. Aron & Company
	 
	 	 
	Product:

	 	DOMESTIC SWEET (WEST TEXAS INTERMEDIATE QUALITY)
CRUDE OIL
	 
	 	 
	Storage Tank:

	 	[Insert reference to relevant Storage Tank]
	 
	 	 
	Stored Quantity:

	 	XX,XXX..XX U.S. Barrel(s) or if not yet
determined, the amount included on the Independent
Inspector’s certified report received by Aron for
each Storage Tank
	 
	 	 
	Delivery:

	 	In Storage Tank on the Sale Date
	 
	 	 
	Sale Date:

	 	                    , 2007 (Subject to adjustment as provided in the
Agreement referenced below)
	 
	 	 
	Supplemental Amount:

	 	[insert the per Barrel amount and indicate
whether such amount is due to Coffeyville or
Aron]
	 
	 	 
	Price:

	 	The Sale Price (as determined pursuant to the
Agreement referenced below). Payment shall be made as
per the Agreement on the Sale Date.

 

 

All provisions contained or incorporated by reference in the Purchase, Storage and
Sale
Agreement for Gathered Crude dated as of March ___, 2007 between Coffeyville
Resources Refining & Marketing, LLC and J. Aron & Company (the “Agreement”) will govern this
confirmation except as expressly modified herein. If there is a conflict between the terms of the
Confirmation and the terms of the Agreement, the terms of the Confirmation shall govern.

Contacts:

Please note the following contacts act on behalf of J. Aron & Company

Operations: J. Aron & Company, New York

Telex: 6720148 GSPNY

Phone: (212) 902-7349

Fax: (212) 493-9847

Credit: J. Aron & Company, New York

Attn: Credit & Risk Management

Telex: 6720148 GSPNY

Phone: (212) 902-7482

Fax: (212) 493-9084

Please confirm that the foregoing correctly sets forth the terms of our agreement with respect to
this transaction (Contract Reference Number: XXXXXXXXX X X) by signing this confirmation in the
space provided below and immediately returning a copy of the executed confirmation via facsimile to
the attention of Commodity Operations at:

New York: 1-212-493-9846 (J. Aron & Company)

London: 44-207-774-2135 (Goldman Sachs International)

Singapore: 65-6889-3525 (J. Aron & Company (Singapore) Pte.)

[NOTE: upon implementation of electronic confirmation process (referred to as “click and confirm”),
foregoing language shall be modified accordingly]

Regards,

J. Aron & Company

Signed on behalf of J. Aron & Company

By:

Kathy Benini

Vice President

J. Aron & Company

	 	 	 	 
	Signed on behalf of
COFFEYVILLE RESOURCES 
REFINING AND MARKETING,
LLC

 	 
	By:  	 	 
	Name:  	 	 	 
	Title:  	 	 	 

2 

 

	 	 	 	 	 

Schedule 1

Storage Tanks

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	STORAGE	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	TANKS	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	OWN or	 	Tank	 	Shell	 	Maximum	 	Working	 	Fill	 	Minimum	 	 
	STATION NAME	 	LEGAL DESC.	 	LEASE	 	Number	 	Capacity	 	Capacity	 	Capacity	 	Height	 	Draw	 	OIL FLOWS TO
	Valley Station
	 	SW of 6, T26S, R1E	 	Own	 	 	285	 	 	 	20,000	 	 	 	17,500	 	 	 	15,000	 	 	 	35'	 	 	 	5'	 	 	Hooser Sta.
	7315 N. Interurban
	 	Sedgwick Co., KS	 	 	 	 	 	 	290	 	 	 	20,000	 	 	 	17,500	 	 	 	15,000	 	 	 	35'	 	 	 	5'	 	 	62 pipeline miles to
	Valley Center, KS 67204
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Hooser
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Hooser Station
	 	SW of 13, T34S, R7E	 	Own	 	 	200	 	 	 	55,000	 	 	 	51,000	 	 	 	41,000	 	 	 	28'	 	 	 	.5'	 	 	Broome Sta.
	303300 272nd Road
	 	Cowley Co., KS	 	 	 	 	 	 	225	 	 	 	55,000	 	 	 	51,000	 	 	 	41,000	 	 	 	28'	 	 	 	.5'	 	 	43 pipeline miles to
	Dexter, KS 67038
	 	 	 	 	 	 	 	 	 	 	230	 	 	 	55,000	 	 	 	51,000	 	 	 	41,000	 	 	 	28'	 	 	 	.5'	 	 	Broome
	 
	 	 	 	 	 	 	 	 	 	 	270	 	 	 	55,000	 	 	 	51,000	 	 	 	41,000	 	 	 	28'	 	 	 	.5'	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Bartlesville Station
	 	SW of 6, T26N, R13E	 	Own	 	 	115	 	 	 	38,000	 	 	 	35,500	 	 	 	34,000	 	 	 	28'	 	 	 	1.5'	 	 	Broome Sta.
	State Highway 123
	 	Washington Co., OK	 	 	 	 	 	 	120	 	 	 	38,000	 	 	 	35,500	 	 	 	34,000	 	 	 	28'	 	 	 	1.5'	 	 	22 pipelines miles to
	Bartlesville, OK 74006
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Broome
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Broome Station
	 	NW of 4, T35S, R14E	 	Own	 	 	1105	 	 	 	80,000	 	 	 	75,000	 	 	 	71,000	 	 	 	39'	 	 	 	2'	 	 	Coffeyville Sta.
	1920 County Road 1800
	 	Montgomery Co., KS	 	 	 	 	 	 	1106	 	 	 	80,000	 	 	 	75,000	 	 	 	71,000	 	 	 	39'	 	 	 	2'	 	 	19 pipeline miles to
	Caney, KS 67333
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	ETF
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Coffeyville Station (ETF)
	 	NW of 29, T34S, R17E	 	Own	 	 	22A-1	 	 	 	214,000	 	 	 	200,000	 	 	 	176,500	 	 	 	45'	 	 	 	6'	 	 	Refinery
	2086 Road 5300
	 	Montgomery Co., KS	 	 	 	 	 	 	22A-2	 	 	 	214,000	 	 	 	200,000	 	 	 	176,500	 	 	 	45'	 	 	 	6'	 	 	1.5 pipeline miles to
	Coffeyville, KS 67337
	 	 	 	 	 	 	 	 	 	 	22A-3	 	 	 	214,000	 	 	 	200,000	 	 	 	176,500	 	 	 	45'	 	 	 	6'	 	 	Refinery

 

 

Schedule 2

Notice Information

NOTICE INFORMATION

Coffeyville Notice Information:

	 	 	 	 	 	 	 	 	 	 	 
	Trading:	 	Coffeyville Resources Refining & Marketing, LLC

10 East Cambridge Circle Drive, Suite 250 

Kansas City, Kansas 66103
	 

	 	 	 	Attention:
	 	Pat Quinn

Phone: 913-982-0455

Cellphone: 620-242-5117

Email: pjquinn@coffeyvillegroup.com

Fax: 913-981-0002	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	         Or
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Wyatt Jernigan 

Phone: 281-217-7712

Cellphone: 713-775-7752	 	 	 	 
	Operations and Scheduling:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Coffeyville Resources Refining & Marketing, LLC

10 East Cambridge Circle Drive, Suite 250

Kansas City, Kansas 66103
	 

	 	 	 	Attention:
	 	Pat Quinn

Phone: 913-982-0455

Cellphone: 620-242-5117

Email: pjquinn@coffeyvillegroup.com

Fax: 913-981-0002	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Settlement and Accounting:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Coffeyville Resources Refining & Marketing, LLC 

10 East Cambridge Circle Drive, Suite 250 

Kansas City, Kansas 66103
	 

	 	 	 	Attention:
	 	Mike Reichert

Phone: 913-982-0472

Email: mjreichert@coffevvillegroup.com

Fax: 913-981-0002	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	Credit and Finance:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Coffeyville Resources Refining & Marketing, LLC 

10 East Cambridge Circle Drive, Suite 250 

Kansas City, Kansas 66103
	 

	 	 	 	Attention:
	 	Tim Rens

Phone: 913-982-0470

Cellphone: 913-558-4649

Email: jtrens@coffeyvillegroup.com

Fax: 913-981-0002	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Aron Notice Information: 

Trading:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	Primary (except for Canadian Crude):	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Steve Scala 

85 Broad Street 

New York N.Y. 10004 

(212) 902 8400 

Fax: (212) 357 1248

stephen.scala@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	Primary for Canadian Crude:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Ken Krug

Goldman Sachs Canada Inc.

3835,855 - 2nd Street SW

Bankers Hall — East Tower

Calgary, Alberta T2P 4J8

Canada

(403) 233 9294

ken.krug@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	Alternate:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jeff Frase

85 Broad Street

New York N.Y. 10004

(212) 902 8400

Fax: (212) 357 1248

jeff.frase@gs.com

2

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Scott Duffy 

85 Broad Street 

New York N.Y. 10004 

(212) 902 8400 

Fax: (212) 357 1248 

scott.duffy@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	Scheduling:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	Primary:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	James Brush

85 Broad Street

New York N.Y. 10004

(212) 902 7349

Fax: (212) 902 9874

ficc-jaron-physical@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	Alternate:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Robert Tibbals 

85 Broad Street 

New York N.Y. 10004 

(212) 902 7349 

Fax (212) 902 9874 

Robert.tibbals@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	Payments:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Stan Preston 

85 Broad Street 

New York N.Y. 10004

Tel.: 212-357-9101 

Fax: 212-493-9084

ficc-cx-ny@ny.email.gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	Invoicing/Statements:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Valerie Nunez

85 Broad Street

New York N.Y. 10004

(212) 902-5856

Fax: (212) 344-3457

ficc-jaron-coffeyville-info@ny.email.gs.com

3

 

	 	 	 	 	 	 	 	 	 	 	 
	Credit:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	John Daniello 

85 Broad Street 

New York N.Y. 10004

(212) 855 0716 

Fax: (212) 428 3417

john.daniello@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	General Notices:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	James Brush 

Steve Scala 

85 Broad Street 

New York N.Y. 10004 

Tel: (212) 902 8400 

Fax: (212) 902 9874

Jim.brush@gs.com 

Stephen.scala@gs.com
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	with copy to:
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	J. Aron & Company 

One New York Plaza 

New York, New York 10004

Attn: Daniel Feit

4

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