Document:

EX-10.44

 

Exhibit
10.44

[Form of Contribution, Conveyance and Assumption Agreement]

 

 

CVR PARTNERS, LP

CONTRIBUTION, CONVEYANCE AND ASSUMPTION
 AGREEMENT

 

 

 

 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

     This Contribution, Conveyance and Assumption Agreement, dated as of                     , 2007, is
entered into by and among COFFEYVILLE RESOURCES, LLC, a Delaware limited liability company
(“CR”), CVR GP, LLC., a Delaware limited liability company (the “Managing General
Partner”), CVR SPECIAL GP, LLC, a Delaware limited liability company (the “Special General
Partner”) and CVR PARTNERS, LP, a Delaware limited partnership (the “Partnership”). The
above-named entities are sometimes referred to in this Agreement each as a “Party” and
collectively as the “Parties.” Capitalized terms used herein shall have the meanings
assigned to such terms in Section 1.1.

RECITALS:

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

     WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, each of
the following actions have been taken prior to the date hereof:

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

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

     3. The Managing General Partner, the Special General Partner and CR formed the
Partnership under the terms of the Delaware LP Act and (a) the Managing General Partner
contributed $1,000 to the Partnership in exchange for a managing general partner interest in
the Partnership, (b) the Special General Partner contributed $1,000 to the Partnership in
exchange for a non-managing general partner interest in the Partnership and (c) CR
contributed $1,000 to the Partnership in exchange for a nominal limited partner interest in
the Partnership.

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

 

 

     1. Fertilizers will distribute all of its cash accounts receivable and inventory,
having a value currently estimated to be $          million, (the “Working Capital
Assets”) to CR.

     2. CR will convey:

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

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

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

     WHEREAS, it is the intent of the Parties that the Managing General Partner have the discretion
to effect an Initial Offering, consistent with provisions of the Partnership Agreement and it may
be necessary for the Parties to take reasonable actions to effect the Initial Offering.

     NOW, THEREFORE, in consideration of their mutual undertakings and agreements hereunder, the
Parties undertake and agree as follows:

ARTICLE I

DEFINITIONS

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

     “Agreement” means this Contribution, Conveyance and Assumption Agreement.

     “Call Right” has the meaning set forth in Section 4.4.

     “CapEx Reimbursement Amount” has the meaning set forth in Section 4.2(b)(i).

     “Code” means Internal Revenue Code of 1986, as amended.

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

     “Delaware LLC Act” has the meaning as set forth in the Recitals of this
Agreement.

     “Delaware LP Act” has the meaning as set forth in the Recitals of this
Agreement.

2

 

     “Effective Time” means 8:00 a.m. prevailing Eastern Time on the Closing Date.

     “Fertilizer Interests” means the membership interests in Fertilizers.

     “Fertilizer Interest Liabilities” means all liabilities arising out of or
related to the ownership of the Fertilizer Interests to the extent arising or accruing on
and after the Effective Time, whether known or unknown, accrued or contingent, and whether
or not reflected on the books and records of Fertilizers or their affiliates.

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

     “IO Debt Financing” “ has the meaning set forth in Section 4.2(c).

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

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

     “Partnership Agreement” means the First Amended and Restated Agreement of
Limited Partnership of CVR Partners, LP, dated as of                     , 2007 to which reference
is hereby made for all purposes of this Agreement.

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

     “Put Right” has the meaning set forth in Section 4.3.

     “Requested Modifications” has the meaning set forth in Section 4.2(e).

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

     “Special GP Offering” has the meaning set forth in Section 4.2(c).

     “Swaps” has the meaning set forth in Section 4.2(e).

     “Working Capital Amount” has the meaning as set forth in Section 4.2(b)(ii).

     “Working Capital Assets” has the meaning as set forth in the Recitals of this
Agreement.

3

 

ARTICLE II

CONTRIBUTION

     Section 2.1 Distribution and Assignment of Working Capital Assets to CR. The Parties hereby acknowledge the distribution and assignment by Fertilizers of the
Working Capital Assets to CR and receipt by CR of an estimated $           million in cash and value
associated with the Working Capital Assets.

     Section 2.2 Contribution of Fertilizer Interests to the Partnership. CR hereby
grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers the Fertilizer
Interests to the Partnership, its successors and assigns, for its and their own use forever, on
behalf of the Managing General Partner, the Special General Partner and itself as described in the
recitals hereto, in exchange for (a) the continuation of the Managing General Partner Interest in
the Partnership held by the Managing General Partner, (b) the issuance to the Special General
Partner of 30,303,000 Special GP Units, representing a 99.9% general partner interest in the
Partnership, and (c) the issuance to CR of 30,333 Special LP Units, representing a 0.1% limited
partner interest in the Partnership and the Partnership hereby accepts such Fertilizer Interests as
contributions to the capital of the Partnership.

     The Partnership agrees to refund the initial $1,000 contributed by each of the Special General
Partner and CR promptly following the issuance of Special GP Units and Special LP Units described
above and any Partnership Interest acquired with such $1,000, other than the Managing General
Partner interest, which shall be continued as described above, shall be redeemed and cancelled and
of no further effect.

ARTICLE III

ASSUMPTIONS OF CERTAIN LIABILITIES

     Section 3.1 Assumption of Fertilizer Interest Liabilities by the Partnership. In
connection with the contribution and transfer by CR of the Fertilizer Interest to the Partnership,
as set forth in Article II above, the Partnership hereby assumes and agrees to duly and timely pay,
perform and discharge the Fertilizer Interest Liabilities, to the full extent that CR has been
heretofore or would have been in the future obligated to pay, perform and discharge the Fertilizer
Interest Liabilities were it not for the execution and delivery of this Agreement; provided,
however, that said assumption and agreement to duly and timely pay, perform and discharge the
Fertilizer Interest Liabilities shall not (a) increase the obligation of the Partnership with
respect to the Fertilizer Interest Liabilities beyond that of CR, (b) waive any valid defense that
was available to CR with respect to the Fertilizer Interest Liabilities or (c) enlarge any rights
or remedies of any third party, if any, under any of the Fertilizer Interest Liabilities.

4

 

ARTICLE IV

ADDITIONAL TRANSACTIONS

     Section 4.1 Notice of Initial Offering. If the Managing General Partner elects to cause the Partnership to undertake the Initial
Offering the Managing General Partner shall give prompt notice to CR and the Special General
Partner of such election and the proposed terms of the Initial Offering, including whether it will
be an Initial Public Offering or an Initial Private Offering, the anticipated timing and size of
the Initial Offering, the proposed use of proceeds and the identity of each managing underwriter or
initial purchaser, as applicable.

     Section 4.2 Actions in Connection with Initial Offering.

     (a) CR shall use, and shall cause each of its Subsidiaries to use, its commercially reasonable
efforts to take such actions and enter into such transactions as the Managing General Partner
reasonably requests to effectuate and permit the consummation of the Initial Offering. Such
actions may include the entry into customary lock-up agreements with the managing underwriters or
initial purchasers, as applicable, and the transfer by CR or its wholly-owned Affiliates of their
ownership interest in the Partnership to other wholly-owned Affiliates of CR.

     (b) The Partnership shall use:

     (i) up to $30 million in net proceeds (the “CapEx Reimbursement Amount”) from
the Initial Offering to repay CR for capital expenditures CR incurred related to the assets
of Fertilizers during the two year period prior to the effective date of the sale of the
Managing General Partner by CR to Coffeyville Acquisition III, LLC; and

     (ii) an additional amount of net proceeds from the Initial Offering, as determined by
the Managing General Partner (the “Working Capital Amount”), to fund working
capital, future Operating Expenditures or Expansion Capital Expenditures, or other general
partnership purposes of the Partnership and Fertilizers.

     (c) CR and the Special General Partner agree that the Managing General Partner may structure
the Initial Offering to include (x) a secondary offering of Units by the Special General Partner
and/or (y) a primary offering of Units by the Partnership together with, as determined by the
Managing General Partner, a substantially contemporaneous incurrence of indebtedness by the
Partnership and/or Fertilizers (an “IO Debt Financing”) where a use of proceeds from the
Initial Offering and IO Debt Financing is to redeem Units from the Special General Partner, with a
per-Unit redemption price equal to the price at which a Unit is purchased from the Partnership, net
of any sales commissions or underwriting discounts charged to the Partnership (a “Special GP
Offering”). If the Special GP Offering is structured as a redemption of Units, Common Units of
the Special General Partner shall be redeemed first, then Subordinated Units to the extent the
Special General Partner no longer has Common Units. The number of Units sold by and/or redeemed
from the Special General Partner may not, without the Special General Partner’s consent, exceed a
number of Units reasonably expected by the Managing General Partner, at the time of filing of the
initial registration statement or first distribution of the offering memorandum (i.e. based upon
the expected net per-Unit price), as applicable, to generate $100 million in net proceeds to the
Special General Partner (excluding any net proceeds from the exercise of any

5

 

Over-Allotment Option). Without the Special General Partner’s consent the Special GP Offering may in no event be consummated if the net proceeds to the Special General Partner are less
than $10 per Unit, as adjusted pursuant to Section 5.9 of the Partnership Agreement, as applicable.
Upon request by CR, a Special GP Offering may include some or all of the Units owned directly by
CR, in lieu of an equal number of Units owned by the Special General Partner.

     (d) In order to effect the Requested Modifications (as defined below), CR may require that (A)
the Partnership consummate a Special GP Offering generating at least $140 million in net proceeds
to the Special General Partner and (B) the Partnership otherwise distribute to the Special General
Partner and CR (in its role as Limited Partner) an amount of cash equal to (1) $75 million minus
(2) the CapEx Reimbursement Amount.

     (e) If the Managing General Partner reasonably determines that, in order to consummate the
Initial Offering on terms materially consistent with terms prevalent in the then-current market for
initial public offerings of publicly traded partnerships relying primarily on 7704(d)(1)(E) of the
Code, it is necessary or appropriate that the Partnership and its Subsidiaries be released from
their obligations as obligors or guarantors of the Coffeyville Credit Agreements and the ISDA swap
agreements between CR and J. Aron & Company (the “Swaps”), or any amendment or successor or
replacement agreement thereto, or that other amendments or modifications thereto are necessary or
appropriate, then the Managing General Partner shall give prompt written notice to CR describing
such amendments or modifications (the “Requested Modifications”). Such notice shall, in
any event, be given ninety (90) days prior to the anticipated closing date of the Initial Offering.
CR shall use, and shall cause each of its Subsidiaries to use, its commercially reasonable efforts
(as qualified below) to effect the Requested Modifications, through amendment to, or replacement
(including by way of refinancing) of, the applicable agreement. CR shall not be considered to have
made “commercially reasonable efforts” to effect the Requested Modifications if it determines not
to pursue or effect such Requested Modifications due to (i) payment of fees to the lenders under
the Coffeyville Credit Agreements or the swap counterparty, (ii) the costs of this type of
amendment or replacement, (iii) an increase in applicable margins or spreads or (iv) changes to the
terms required by the lenders or swap counterparty including revised covenants, events of default
and repayment and prepayment provisions; provided that (i), (ii), (iii) and (iv) are not reasonably
likely, in the aggregate, to have a material adverse effect on CR.

     (f) If the Initial Offering includes a Special GP Offering and an Over-Allotment Option, then
(i) if the Special GP Offering is a secondary offering, the Special General Partner will agree with
the underwriters or initial purchasers of the Initial Offering to sell its pro rata portion of the
Units issued upon any exercise of the Over-Allotment Option, or (ii) if the Special GP Offering is
a redemption, that its pro rata portion of the Units issued upon any exercise of the Over-Allotment
Option shall be redeemed (with a per-Unit redemption price equal to the price at which a Unit is
purchased from the Partnership, net of any sales commissions or underwriting discounts charged to
the Partnership).

     Section 4.3 Managing General Partner Put Right. If the Initial Offering is not
consummated by the second anniversary of the Closing Date, the Managing General Partner shall have
the right to require CR to purchase the Managing General Partner Interest (the “Put Right”).

6

 

The Put Right shall expire on the earlier of (i) the fifth anniversary of the Closing Date and (ii) the closing of the Initial Offering.

     Section 4.4 CR Call Right. If the Initial Offering is not consummated by the fifth
anniversary of the Closing Date, CR shall have the right to require the Managing General Partner to
sell the Managing General Partner Interest to CR (the “Call Right”). The Call Right shall
expire on the closing of the Initial Offering. The Call Right may not be exercised for a period of
120 consecutive days following the initial filing of a registration statement relating to an
Initial Public Offering.

     Section 4.5 Procedures for Put/Call. In the event of an exercise of the Put Right or
the Call Right, the purchase price shall be the fair market value of the Managing General Partner
interest, determined and payable as of the effective date of the purchase and sale. The fair
market value of the Managing General Partner Interest shall be determined by an independent
investment banking firm selected by the Managing General Partner and CR. If such parties cannot
agree upon one independent investment banking firm within 45 days after the date of notice of
exercise of the Put Right or Call Right, then the Managing General Partner shall designate an
independent investment banking firm, CR shall designate an independent investment banking firm, and
such firms shall mutually select a third independent investment banking firm, which third
independent investment banking firm shall determine the fair market value of the Managing General
Partner Interest.

     In making its determination, the independent investment banking firm may, in turn, rely on
other experts, and the determination of which shall be conclusive. The independent investment
banking firm may consider the value of the Partnership’s assets, the rights and obligations of the
Managing General Partner and other factors it may deem relevant but the fair market value shall not
include any control premium and shall be determined as if the last provisos contained in Sections
6.4(a), (b) and (c) of the Partnership Agreement (which provide that no distributions will be paid
to the Managing General Partner (in respect of the Incentive Distribution Rights) for so long as
any Group Member is a guarantor of any Coffeyville Credit Agreement) no longer applied.

     Section 4.6 Substantive Restructuring of Coffeyville Credit Agreements. If CR
materially amends, or amends and restates, any Coffeyville Credit Agreement, and the substance of
the amendments are in the nature of a refinancing of the Coffeyville Credit Agreement, CR shall
use, and shall cause each of its Subsidiaries to use, its commercially reasonable efforts to obtain
the release of the Partnership and its Subsidiaries as obligors or guarantors thereunder.
“Commercially reasonable efforts” shall be qualified in the same manner as specified in Section
4.2.

ARTICLE V

FURTHER ASSURANCES

     From time to time after the date hereof, and without any further consideration the Parties
agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale,
conveyances, instruments, notices, releases, acquittances and other documents, and will do all

7

 

such other acts and things, all in accordance with applicable law, as may be necessary or appropriate
(a) more fully to assure that the applicable Parties own all of the properties, rights, titles,
interests, estates, remedies, powers and privileges granted by this Agreement, or which are
intended to be so granted, or (b) more fully and effectively to vest in the applicable Parties and
their respective successors and assigns beneficial and record title to the interests contributed
and assigned by this Agreement or intended so to be and to more fully and effectively carry out the
purposes and intent of this Agreement.

ARTICLE
VI
EFFECTIVE TIME

     Notwithstanding anything contained in this Agreement to the contrary, none of the provisions
of Article II or Article III of this Agreement shall be operative or have any effect until the
Effective Time, at which time all the provisions of Article II or Article III of this Agreement
shall be effective and operative in accordance with Article VII, without further action by any
Party.

ARTICLE VII

MISCELLANEOUS

     Section 7.1 Order of Completion of Transactions. The transactions provided for in
Article III of this Agreement shall be completed simultaneously with the transactions provided for
in Article II of this Agreement.

     Section 7.2 Costs. The Partnership shall pay all expenses, fees and costs, including
sales, use and similar taxes arising out of the contributions, conveyances and deliveries to be
made hereunder, and shall pay all documentary, filing, recording, transfer, deed and conveyance
taxes and fees required in connection therewith. In addition, the Partnership shall be responsible
for all costs, liabilities and expenses (including court costs and reasonable attorneys’ fees)
incurred in connection with the implementation of any conveyance or delivery pursuant to Article V
of this Agreement.

     Section 7.3 Headings; References; Interpretation. All Article and Section headings in this Agreement are for convenience only and shall not
be deemed to control or affect the meaning or construction of any of the provisions hereof. The
words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement,
shall refer to this Agreement as a whole, and not to any particular provision of this Agreement.
All references herein to Articles and Sections shall, unless the context requires a different
construction, be deemed to be references to the Articles and Sections of this Agreement,
respectively. All personal pronouns used in this Agreement, whether used in the masculine,
feminine or neuter gender, shall include all other genders, and the singular shall include the
plural and vice versa. The terms “include,” “includes,” “including” or words of like import shall
be deemed to be followed by the words “without limitation.”

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     Section 7.4 Successors and Assigns. The Agreement shall be binding upon and inure to
the benefit of the Parties and their respective successors and assigns.

     Section 7.5 No Third Party Rights. The provisions of this Agreement are intended to
bind the parties signatory hereto as to each other and are not intended to and do not create rights
in any other person or confer upon any other person any benefits, rights or remedies and no person
is or is intended to be a third party beneficiary of any of the provisions of this Agreement.

     Section 7.6 Counterparts. This Agreement may be executed in any number of
counterparts, all of which together shall constitute one agreement binding on the Parties.

     Section 7.7 Governing Law. This Agreement shall be subject to and governed by the
laws of the State of New York.

     Section 7.8 Arbitration. Any controversy, dispute or claim arising out of or
relating in any way to this Agreement or the transactions arising hereunder that cannot be resolved
by negotiation shall be settled by binding arbitration in accordance with the CPR Rules for
Non-Administered Arbitration in effect on the date of this Agreement by three independent and
impartial arbitrators, of whom the Managing General Partner and CR shall each appoint one, and
those appointed arbitrators shall select the third arbitrator, who shall be the presiding
arbitrator. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. 1-16 (the
“Federal Arbitration Act”) to the exclusion of state laws inconsistent therewith, and judgment upon
the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The
arbitration hearing shall take place in the state of Kansas or at some other mutually agreeable
location and the hearing shall take place within 120 calendar days from the date of demand for
arbitration. The arbitrators shall base their award on the terms of this Agreement and shall
follow the law and judicial precedents which a United States District Judge sitting in federal
court in the City of New York would apply in the event the dispute were litigated in such court. The parties
expressly agree that this Agreement shall confer no power or authority upon the arbitrators to
render any judgment or award that is erroneous in its application of substantive law and expressly
agree that no such erroneous judgment or award shall be eligible for confirmation. The arbitrators
shall render their award in writing and shall include the findings of fact and conclusions of law
upon which their award is based. The arbitration shall be governed by the laws of the State of New
York applicable to contracts made and to be performed wholly within such state, and by the
arbitration law of the Federal Arbitration Act. The arbitration hearings shall be continuous
subject to weekends, holidays, or other days to be mutually agreed and the total days of hearing
shall not exceed ten hearing days per party. The arbitrators shall render their award no later than
thirty calendar days after the conclusion of the hearings. The submission of post-hearing legal
briefs shall be subject to the discretion of the arbitrators, but in no event shall the briefs
delay the arbitrators’ decision in this matter. All expenses and fees of the arbitrators and
expenses for hearing facilities and other expenses of the arbitration shall be borne equally by the
Managing General Partner and CR unless they agree otherwise. The arbitrators shall render their
award within 90 days of the conclusion of the arbitration hearing. The arbitrators shall not be
empowered to award any punitive damages in connection with any dispute arising out of or relating
in any way to this Agreement or the transactions arising hereunder, and all parties hereby

9

 

irrevocably waives any right to recover such damages. The arbitration hearings and award shall be
maintained in confidence.

     Section 7.9 Severability. If any of the provisions of this Agreement are held by any
court of competent jurisdiction to contravene, or to be invalid under, the laws of any political
body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not
invalidate the entire Agreement. Instead, this Agreement shall be construed as if it did not
contain the particular provision or provisions held to be invalid, and an equitable adjustment
shall be made and necessary provision added so as to give effect to the intention of the Parties as
expressed in this Agreement at the time of execution of this Agreement.

     Section 7.10 Amendment or Modification. This Agreement may be amended or modified
from time to time only by the written agreement of all the Parties.

     Section 7.11 Integration. This Agreement and the instruments referenced herein
supersede all previous understandings or agreements among the Parties, whether oral or written,
with respect to its subject matter. This document and such instruments contain the entire
understanding of the Parties. No understanding, representation, promise or agreement, whether oral
or written, is intended to be or shall be included in or form part of this Agreement unless it is
contained in a written amendment hereto executed by the Parties after the date of this Agreement.

     Section 7.12 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable law, this Agreement shall also
constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

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

	 	 	 	 	 
	 	CVR PARTNERS, LP

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

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CVR GP, LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CVR SPECIAL GP, LLC

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

CVR Partners LP

Contribution, Conveyance and Assumption Agreement

Signature PageEX-10.48

 

Exhibit 10.48

EXECUTION COPY

SECURED CREDIT AND GUARANTY AGREEMENT

dated as of August 23, 2007

among

COFFEYVILLE RESOURCES, LLC,

COFFEYVILLE PIPELINE, INC.,

COFFEYVILLE REFINING & MARKETING, INC.,

COFFEYVILLE NITROGEN FERTILIZERS, INC.,

COFFEYVILLE CRUDE TRANSPORTATION, INC.,

COFFEYVILLE TERMINAL, INC.,

CL JV HOLDINGS, LLC,

as Holdings,

CERTAIN SUBSIDIARIES OF HOLDINGS,

as Guarantors,

VARIOUS LENDERS

and

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger, Sole Bookrunner,

Administrative Agent and Collateral Agent

 

$25,000,000 Senior Secured Credit Facility

 

 

 

TABLE OF CONTENTS

	 	 	 	 
	 	 	Page
	SECTION 1. DEFINITIONS AND INTERPRETATION
	 	 	1
	1.1. Definitions
	 	 	2
	1.2. Accounting Terms
	 	 	31
	1.3. Interpretation, etc.
	 	 	32
	 
	 	 	 
	SECTION 2. LOANS
	 	 	32
	2.1. Term Loans
	 	 	32
	2.2. [Reserved]
	 	 	32
	2.3. [Reserved]
	 	 	33
	2.4. [Reserved]
	 	 	33
	2.5. Pro Rata Shares; Availability of Funds
	 	 	33
	2.6. Use of Proceeds
	 	 	33
	2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes.
	 	 	34
	2.8. Interest on Loans
	 	 	34
	2.9. Conversion/Continuation
	 	 	36
	2.10. Default Interest
	 	 	36
	2.11. Fees
	 	 	37
	2.12. Repayment
	 	 	37
	2.13. Voluntary Prepayments
	 	 	37
	2.14. Mandatory Prepayments
	 	 	38
	2.15. Application of Prepayments
	 	 	39
	2.16. General Provisions Regarding Payments
	 	 	39
	2.17. Ratable Sharing
	 	 	41
	2.18. Making or Maintaining Eurodollar Rate Loans
	 	 	41
	2.19. Increased Costs; Capital Adequacy
	 	 	43
	2.20. Taxes; Withholding, etc.
	 	 	45
	2.21. Obligation to Mitigate.
	 	 	48
	2.22. [Reserved]
	 	 	48
	2.23. Removal or Replacement of a Lender
	 	 	48
	 
	 	 	 
	SECTION 3. CONDITIONS PRECEDENT
	 	 	49
	3.1. Closing Date.
	 	 	49
	3.2. Conditions to the Credit Extension
	 	 	52
	 
	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	53
	4.1. Organization; Requisite Power and Authority; Qualification.
	 	 	53
	4.2. Capital Stock and Ownership
	 	 	54
	4.3. Due Authorization
	 	 	54
	4.4. No Conflict
	 	 	54
	4.5. Governmental Consents
	 	 	54
	4.6. Binding Obligation
	 	 	55
	4.7. Historical Financial Statements
	 	 	55

ii 

 

	 	 	 	 
	 	 	Page
	4.8. Projections
	 	 	55
	4.9. No Material Adverse Change
	 	 	55
	4.10. No Restricted Junior Payments
	 	 	55
	4.11. Adverse Proceedings, etc.
	 	 	55
	4.12. Payment of Taxes.
	 	 	56
	4.13. Properties
	 	 	56
	4.14. Environmental Matters
	 	 	57
	4.15. No Defaults
	 	 	58
	4.16. Material Contracts
	 	 	59
	4.17. Governmental Regulation
	 	 	59
	4.18. Margin Stock
	 	 	59
	4.19. Employee Matters
	 	 	59
	4.20. Employee Benefit Plans
	 	 	59
	4.21. Certain Fees
	 	 	60
	4.22. Solvency
	 	 	60
	4.23. Related Agreements
	 	 	60
	4.24. Compliance with Statutes, etc
	 	 	61
	4.25. Disclosure
	 	 	61
	4.26. Patriot Act
	 	 	61
	4.27. First Buyer
	 	 	61
	 
	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	62
	5.1. Financial Statements and Other Reports
	 	 	62
	5.2. Existence
	 	 	67
	5.3. Payment of Taxes and Claims
	 	 	67
	5.4. Maintenance of Properties
	 	 	68
	5.5. Insurance
	 	 	68
	5.6. Books and Records; Inspections
	 	 	69
	5.7. Lenders Meetings
	 	 	69
	5.8. Compliance with Laws
	 	 	69
	5.9. Environmental
	 	 	69
	5.10. Subsidiaries
	 	 	73
	5.11. Additional Material Real Estate Assets
	 	 	74
	5.12. Interest Rate Protection
	 	 	75
	5.13. Swap Agreement
	 	 	75
	5.14. Further Assurances
	 	 	75
	5.15. Miscellaneous Business Covenants
	 	 	75
	5.16. [Reserved]
	 	 	75
	5.17. Refinery Revenue Bonds
	 	 	75
	5.18. Syndication
	 	 	76
	5.19. Post-Closing Covenants
	 	 	 
	 
	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	78
	6.1. Indebtedness
	 	 	78
	6.2. Liens
	 	 	80
	6.3. Equitable Lien
	 	 	82
	6.4. No Further Negative Pledges
	 	 	82

iii 

 

	 	 	 	 
	 	 	Page
	6.5. Restricted Junior Payments
	 	 	83
	6.6. Restrictions on Subsidiary Distributions
	 	 	84
	6.7. Investments
	 	 	85
	6.8. Financial Covenants
	 	 	87
	6.9. Fundamental Changes; Disposition of Assets; Acquisitions
	 	 	90
	6.10. Disposal of Subsidiary Interests
	 	 	91
	6.11. Sales and Lease-Backs
	 	 	92
	6.12. Transactions with Shareholders and Affiliates.
	 	 	92
	6.13. Conduct of Business
	 	 	92
	6.14. Permitted Activities of Holdings
	 	 	92
	6.15. Amendments or Waivers of Certain Related Agreements
	 	 	93
	6.16. Additional Restricted Payments
	 	 	 
	6.17. Fiscal Year
	 	 	93
	6.18. [Reserved]
	 	 	94
	6.19. [Reserved]
	 	 	94
	6.20. Maximum Amount of Hedged Production
	 	 	94
	 
	 	 	 
	SECTION 7. GUARANTY
	 	 	94
	7.1. Guaranty of the Obligations
	 	 	94
	7.2. Contribution by Guarantors
	 	 	94
	7.3. Payment by Guarantors
	 	 	95
	7.4. Liability of Guarantors Absolute
	 	 	95
	7.5. Waivers by Guarantors
	 	 	97
	7.6. Guarantors’ Rights of Subrogation, Contribution, etc.
	 	 	98
	7.7. Subordination of Other Obligations
	 	 	98
	7.8. Continuing Guaranty
	 	 	99
	7.9. Authority of Guarantors or Company
	 	 	99
	7.10. Financial Condition of Company
	 	 	99
	7.11. Bankruptcy, etc.
	 	 	99
	7.12. Discharge of Guaranty Upon Sale of Guarantor
	 	 	100
	 
	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	100
	8.1. Events of Default
	 	 	100
	 
	 	 	 
	SECTION 9. AGENTS
	 	 	103
	9.1. Powers and Duties
	 	 	104
	9.2. General Immunity
	 	 	104
	9.3. Agents Entitled to Act as Lender
	 	 	106
	9.4. Lenders’ Representations, Warranties and Acknowledgment
	 	 	106
	9.5. Right to Indemnity
	 	 	106
	9.6. Successor Administrative Agent
	 	 	107
	9.7. Collateral Documents and Guaranty
	 	 	108
	 
	 	 	 
	SECTION 10. MISCELLANEOUS
	 	 	109
	10.1. Notices
	 	 	109
	10.2. Expenses
	 	 	110
	10.3. Indemnity
	 	 	111

iv 

 

	 	 	 	 
	 	 	Page
	10.4. Set-Off
	 	 	112
	10.5. Amendments and Waivers
	 	 	112
	10.6. Successors and Assigns; Participations
	 	 	113
	10.7. Independence of Covenants
	 	 	117
	10.8. Survival of Representations, Warranties and Agreements
	 	 	117
	10.9. No Waiver; Remedies Cumulative
	 	 	117
	10.10. Marshalling; Payments Set Aside
	 	 	117
	10.11. Severability
	 	 	118
	10.12. Obligations Several; Independent Nature of Lenders’ Rights
	 	 	118
	10.13. Headings
	 	 	118
	10.14. APPLICABLE LAW
	 	 	118
	10.15. CONSENT TO JURISDICTION
	 	 	118
	10.16. WAIVER OF JURY TRIAL
	 	 	119
	10.17. Confidentiality
	 	 	119
	10.18. Usury Savings Clause
	 	 	120
	10.19. Counterparts
	 	 	120
	10.20. Effectiveness
	 	 	120
	10.21. Patriot Act
	 	 	121
	10.22. Electronic Execution of Assignments
	 	 	121
	10.23. No Fiduciary Duty
	 	 	121

v 

 

	 	 	 	 	 	 	 
	APPENDICES:

	 	 	A	 	 	Term Loan Commitments
	 

	 	 	B	 	 	Notice Addresses
	 
	 	 	 	 	 	 
	SCHEDULES:

	 	 	3.1	(i)	 	Closing Date Mortgaged Properties
	 

	 	 	4.1	 	 	Jurisdictions of Organization and Qualification
	 

	 	 	4.2	 	 	Capital Stock and Ownership
	 

	 	 	4.11	 	 	Adverse Proceedings
	 

	 	 	4.13	 	 	Real Estate Assets
	 

	 	 	4.14	 	 	Environmental Matters
	 

	 	 	4.16	 	 	Material Contracts
	 

	 	 	6.1	 	 	Certain Indebtedness
	 

	 	 	6.2	 	 	Certain Liens
	 

	 	 	6.7	 	 	Certain Investments
	 

	 	 	6.12	 	 	Certain Affiliate Transactions
	 
	 	 	 	 	 	 
	EXHIBITS:

	 	 	A-1	 	 	Funding Notice
	 

	 	 	A-2	 	 	Conversion/Continuation Notice
	 

	 	 	B	 	 	Term Loan Note
	 

	 	 	C	 	 	Compliance Certificate
	 

	 	 	D	 	 	Opinions of Counsel
	 

	 	 	E	 	 	Assignment Agreement
	 

	 	 	F	 	 	Certificate Re Non-bank Status
	 

	 	 	G-1	 	 	Closing Date Certificate
	 

	 	 	G-2	 	 	Solvency Certificate
	 

	 	 	H	 	 	Counterpart Agreement
	 

	 	 	I	 	 	Pledge and Security Agreement
	 

	 	 	J	 	 	Mortgage
	 

	 	 	K-1	 	 	GS Capital Partners Guaranty
	 

	 	 	K-2	 	 	Kelso & Company Guaranty

vi 

 

SECURED CREDIT AND GUARANTY AGREEMENT

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

RECITALS:

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

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

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

     WHEREAS, Company has agreed to secure all of its Obligations by granting to Collateral Agent,
for the benefit of Secured Parties, a First Priority Lien on substantially all of its assets,
including a pledge of all of the Capital Stock of each of its Domestic Subsidiaries and 65% of all
the Capital Stock of each of its Foreign Subsidiaries; and

     WHEREAS, Guarantors have agreed to guarantee the obligations of Company hereunder and to
secure their respective Obligations by granting to Collateral Agent, for the benefit of Secured
Parties, a First Priority Lien on substantially all of their respective assets, including a pledge
of all of the Capital Stock of each of their respective Domestic Subsidiaries (including Company)
and 65% of all the Capital Stock of each of their respective Foreign Subsidiaries.

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

SECTION 1. DEFINITIONS AND INTERPRETATION

 

 

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

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

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

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

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

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

          “Administrative Agent” as defined in the preamble hereto.

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

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

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

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

          “Agent” means each of Administrative Agent and Collateral Agent.

2

 

          “Aggregate Amounts Due” as defined in Section 2.17.

          “Aggregate Payments” as defined in Section 7.2.

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

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

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

          “Arranger” as defined in the preamble hereto.

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

3

 

Cash Equivalents in the ordinary course of business, (vi) the termination in the ordinary
course of business of any Hedging Agreement (excluding the Swap Agreement) permitted to be entered
into hereunder and otherwise permitted to be terminated hereunder and (vii) sales of other assets
for aggregate consideration of less than $2,000,000 in the aggregate during any Fiscal Year.

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

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

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

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

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

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

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

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

4

 

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

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

          “Beneficiary” means each Agent, Lender and Lender Counterparty.

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

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

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

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

          “Cash Equivalents” means, as at any date of determination, (i) marketable securities (a)
issued or directly and unconditionally guaranteed as to interest and principal by the United States
Government or (b) issued by any agency of the United States the obligations of which are backed by
the full faith and credit of the United States, in each case maturing within one year after such
date; (ii) marketable direct obligations issued by any state of the United States of America or any
political subdivision of any such state or any public instrumentality thereof, in each case
maturing within one year after such date and having, at the time of the acquisition thereof, a
rating of at least A-1 from S&P or at least P-1 from Moody’s; (iii) commercial paper maturing no
more than one year from the date of creation thereof and having, at the time of the acquisition
thereof, a rating of at least A-1 from S&P at least P-1 from

5

 

Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within one year after
such date and issued or accepted by any Lender or by any commercial bank organized under the laws
of the United States of America or any state thereof or the District of Columbia that (a) is at
least “adequately capitalized” (as defined in the regulations of its primary Federal banking
regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than
$100,000,000; (v) shares of any money market mutual fund that (a) has substantially all of its
assets invested continuously in the types of investments referred to in clauses (i), (ii) and (vi),
(b) has net assets of not less than $500,000,000, and (c) has the highest rating obtainable from
either S&P or Moody’s; (vi) fully collateralized repurchase agreements with a term of not more than
30 days for underlying securities of the type described in clauses (i), (ii) and (v) above entered
into with any bank meeting the qualifications specified in clause (v) above or securities dealers
of recognized national standing; and (vii) customary overnight sweep investment instruments entered
into in the ordinary course of business with Wachovia, as cash management bank, or any successor
cash management bank.

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

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

          “CL JV” as defined in the preamble hereto.

6

 

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

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

          “Closing Date Mortgaged Property” as defined in Section 3.1(i).

          “Collateral” means, collectively, all of the real, personal and mixed property (including
Capital Stock) in which Liens are purported to be granted pursuant to the Collateral Documents as
security for the Obligations.

          “Collateral Agent” as defined in the preamble hereto.

          “Collateral Documents” means the Pledge and Security Agreement, the Intercreditor Agreement,
the Mortgages, the Landlord Consents and Estoppels, if any, and all other instruments, documents
and agreements delivered by any Credit Party pursuant to this Agreement or any of the other Credit
Documents in order to grant to Collateral Agent, for the benefit of Lenders, a Lien on any real,
personal or mixed property of that Credit Party as security for the Obligations.

          “Collateral Questionnaire” means a certificate in form reasonably satisfactory to Collateral
Agent that provides information with respect to the personal or mixed property of each Credit
Party.

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

          “Company” as defined in the preamble hereto.

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

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

          “Consolidated Adjusted EBITDA” means, for any period, an amount determined for Company and its
Subsidiaries on a consolidated basis equal to (i) the sum, without duplication, of the amounts for
such period of (a) Consolidated Net Income, (b) Consolidated Interest Expense, (c) provisions for
taxes based on income, (d) total depreciation expense, (e) total amortization expense, (f) other
non-Cash items reducing Consolidated Net Income (excluding any such non-Cash item to the extent
that it represents an accrual or reserve for potential Cash items in any future period or
amortization of a prepaid Cash

7

 

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

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

8

 

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

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

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

          “Consolidated Excess Cash Flow” means, for any period, an amount (if positive) equal to: (i)
the sum, without duplication, of the amounts for such period of (a) Consolidated Adjusted EBITDA,
plus (b) the Consolidated Working Capital Adjustment, plus (c) extraordinary Cash
gains excluded from Consolidated Adjusted EBITDA, plus (d) net decreases in cash required
to be on deposit with counterparties pursuant to outstanding derivative instruments permitted
hereunder, minus (ii) the sum, without duplication, of the amounts for such period of (a)
scheduled repayments of Consolidated Total Debt (excluding (i) repayments of Revolving Loans or
Swing Line Loans except to the extent the Revolving Commitments are permanently reduced in
connection with such repayments and (ii) the repayment of Existing Tranche C Term Loans on the
Effective Date), (b) Consolidated Capital Expenditures ((x) excluding any Consolidated Capital
Expenditures funded through the utilization of the Available Amount, and (y) net of any proceeds of
(1) any related financings with respect to such Consolidated Capital Expenditures and (2) any sales
of assets used to finance such Consolidated Capital Expenditures), (c) Consolidated Cash Interest
Expense, (d) provisions for current taxes of Holdings, Company and its Subsidiaries and payable in
cash with respect to such period, (e) any Cash consideration paid in respect of Permitted
Acquisitions in an aggregate amount not to exceed at any time prior to an IPO, $20,000,000 per
Fiscal Year, and at any time after an IPO, $40,000,000 per Fiscal Year (excluding any such amounts
funded through the utilization of the Available Amount), (f) any Cash amounts made by Holdings
pursuant to Sections 6.5(a)(i) through (iv) and 6.5(a)(vi) to the extent such amounts have not been
deducted from Consolidated Net Income, (g) Cash amounts which have been included in Consolidated
Adjusted EBITDA for such period pursuant to clauses (i)(g), (i)(h), (i)(i), (i)(j), (i)(k), (i)(l),
(i)(m) and (i)(n) of the definition thereof, (h) extraordinary Cash losses (including any premiums
associated with the prepayment of Indebtedness to the extent such payment is accounted for as an
extraordinary item) and (i) net increases in cash required to be on deposit with counterparties
pursuant to outstanding derivative instruments permitted hereunder.

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

9

 

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

          “Consolidated Total Debt” means, as at any date of determination, (a) the aggregate stated
balance sheet amount of all Indebtedness (other than Indebtedness under clauses (iv), (vi) and (x)
of the definition thereof), of Company and its Subsidiaries determined on a consolidated basis in
accordance with GAAP, minus (b) the aggregate amount of Cash included in the cash accounts
listed on the consolidated balance sheet of Holdings, Company and the Guarantor Subsidiaries as at
such date up to a maximum amount of $40,000,000 to the extent the use thereof for application to
payment of Indebtedness is not prohibited by law or any contract to which Holdings, Company or any
Guarantor Subsidiary is a party.

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

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

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

          “Contributing Guarantors” as defined in Section 7.2.

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

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

10

 

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

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

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

          “Credit Extension” means the making of a Loan.

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

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

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

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

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

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

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

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

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

          “Effective Date” means December 28, 2006.

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

11

 

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

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

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

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

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

          “ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and
the regulations issued thereunder with respect to any Pension Plan (excluding those for which the
provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet
the minimum funding standard of Section 412 of the Internal Revenue Code with respect to any
Pension Plan (whether or not waived in accordance with Section 412(d) of the Internal Revenue Code)
or the failure to make by its due date a required installment under Section 412(m) of the Internal
Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a
Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to
Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination
described in Section 4041(c) of ERISA; (iv) the withdrawal by any of Holdings, any of their
respective Subsidiaries or any of their

12

 

respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or
the termination of any such Pension Plan resulting in liability to any of Holdings, any of their
respective Subsidiaries or any of their respective Affiliates pursuant to Section 4063 or 4064 of
ERISA; (v) the institution by the PBGC of proceedings to terminate any Pension Plan, or the
occurrence of any event or condition which would be reasonably likely to constitute grounds under
ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (vi)
the imposition of liability on any of Holdings, any of their respective Subsidiaries or any of
their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the
application of Section 4212(c) of ERISA; (vii) the withdrawal of any of Holdings, any of their
respective Subsidiaries or any of their respective ERISA Affiliates in a complete or partial
withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan if
there is any potential withdrawal liability therefore, or the receipt by any of Holdings, any of
their respective Subsidiaries or any of their respective ERISA Affiliates of notice from any
Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of
ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA;
(viii) the occurrence of an act or omission which could give rise to the imposition on any of
Holdings, any of their respective Subsidiaries or any of their respective ERISA Affiliates of any
material fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code
or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any
Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for
benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof,
or against any of Holdings, any of their respective Subsidiaries or any of their respective ERISA
Affiliates in connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue
Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended
to be qualified under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a)
of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan to
qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code, in each case
that cannot be cured without material liability to Holdings; or (xi) the imposition of a Lien
pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or pursuant to ERISA with
respect to any Pension Plan.

          “Estimated Excess Cash Flow” means, for any quarterly period, an amount (if positive) equal
to: (i) the sum, without duplication, of the amounts for such period of (a) Consolidated Adjusted
EBITDA, plus (b) the Consolidated Working Capital Adjustment plus (c) extraordinary
Cash gains excluded from Consolidated Adjusted EBITDA, plus (d) net decreases in cash
required to be on deposit with counterparties pursuant to outstanding derivative instruments
permitted hereunder, plus (e) cash payments received by Company under the Swap Agreement
with respect to such period to the extent not otherwise included in the calculation of Consolidated
Net Income for such period (and provided that such amounts shall not be included in the calculation
of Consolidated Net Income for purposes of estimating Consolidated Net Income for any subsequent
Fiscal Quarter) minus (ii) the sum, without duplication, of the amounts for such period of
(a) scheduled repayments of Consolidated Total Debt (excluding repayments of Revolving Loans or
Swing Line Loans except to the extent the Revolving Commitments are permanently reduced in
connection with such repayments and except to the extent that such repayments of Revolving Loans
are subject to the $25,000,000 limitation set forth in Section 6.16) and voluntary prepayment of
the Term Loans under the Opco Unsecured Credit Agreement, (b) Consolidated Capital Expenditures
((x) excluding any Consolidated

13

 

Capital Expenditures funded through the utilization of the Available Amount, and (y) net of
any proceeds of (1) any related financings with respect to such Consolidated Capital Expenditures
and (2) any sales of assets used to finance such Consolidated Capital Expenditures), (c)
Consolidated Cash Interest Expense, (d) provisions for current taxes of Holdings, Company and its
Subsidiaries and payable in cash with respect to such period, (e) any Cash amounts made by Holdings
pursuant to Sections 6.5(a)(i) through (iv) and 6.5(a)(vi) to the extent such amounts have not been
deducted from Consolidated Net Income, (f) Cash amounts which have been included in Consolidated
Adjusted EBITDA for such period pursuant to clauses (i)(g), (i)(h), (i)(i), (i)(j), (i)(k), (i)(l),
(i)(m) and (i)(n) of the definition thereof, (g) extraordinary Cash losses (including any premiums
associated with the prepayment of Indebtedness to the extent such payment is accounted for as an
extraordinary item), (h) net increases in cash required to be on deposit with counterparties
pursuant to outstanding derivative instruments permitted hereunder and (i) provisions for cash
payments that will be settled and payable by the Company and its Subsidiaries under the Swap
Agreement during the next period that are associated with earnings for the current period, to the
extent that such amounts have not otherwise been deducted from Consolidated Net Income and provided
further that such amounts shall not be included in the calculation of Consolidated Net Income for
purposes of determining Estimated Excess Cash Flow for any subsequent Fiscal Quarter.

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

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

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

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

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

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

          “Fair Share” as defined in Section 7.2.

14

 

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

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

          “Fertilizers” as defined in the preamble hereto.

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

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

          “First Priority” means, with respect to any Lien purported to be created in any Collateral
pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is
subject, other than any Permitted Lien.

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

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

          “Flood Hazard Property” means any Real Estate Asset subject to a mortgage in favor of
Collateral Agent, for the benefit of the Lenders, and located in an area designated by the Federal
Emergency Management Agency as having special flood or mud slide hazards.

          “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

          “Funding Guarantors” as defined in Section 7.2.

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

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

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

15

 

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

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

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

          “Grantor” as defined in the Pledge and Security Agreement.

          “Guaranteed Obligations” as defined in Section 7.1.

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

          “Guarantor Subsidiary” means each Guarantor other than Holdings.

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

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

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

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

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

16

 

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

          “Holdings” as defined in the preamble hereto.

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

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

17

 

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

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

          “Indemnitee” as defined in Section 10.3.

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

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

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

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

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

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

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

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

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

          “Landlord Consent and Estoppel” means, with respect to any Leasehold Property, a letter,
certificate or other instrument in writing from the lessor under the related lease,

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pursuant to which, among other things, the landlord consents to the granting of a Mortgage on
such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in
form and substance reasonably acceptable to Collateral Agent.

          “Leasehold Property” means any leasehold interest of any Credit Party as lessee under any
lease of real property with an annual rent of $1,000,000 or more, other than (i) any leasehold
interest with respect to which Company was not able to obtain a Landlord Consent and Estoppel,
despite the use of its commercially reasonable efforts and (ii) any leasehold interest as to which
the Collateral Agent shall determine in its reasonable discretion and in consultation with Company
that the costs of obtaining a leasehold mortgage with respect thereto are excessive in relation to
the value of the security afforded thereby.

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

          “Lender Counterparty” means each Lender or any Affiliate of a Lender counterparty to a Hedge
Agreement (including any Person who is a Lender (and any Affiliate thereof) as of the Closing Date,
but subsequently, whether before or after entering into a Hedge Agreement, ceases to be a Lender
and any Person who enters into a Hedge Agreement in connection with the transactions contemplated
by the Related Agreements prior to the Closing Date and was a Lender as of the Closing Date)
including, without limitation, each such Affiliate that enters into a joinder agreement with
Collateral Agent.

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

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

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

          “Loan” means a Term Loan.

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

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

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

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

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

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

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

          “Material Real Estate Asset’’ means (i) (a) any fee-owned Real Estate Asset having a fair
market value in excess of $1,000,000 as of the date of the acquisition thereof and (b) all
Leasehold Properties other than those with respect to which the aggregate annual payments under the
term of the lease are less than $1,000,000 per annum or (ii) any Real Estate Asset that the
Collateral Agent has determined in its reasonable judgment after consultation with Company is
material to the properties, assets, liabilities, condition (financial or otherwise) results of
operation of all Holdings and all of their Subsidiaries, including Company.

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

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

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

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

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

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

          “Mortgage” means a Mortgage substantially in the form of Exhibit J, as it may be amended,
supplemented or otherwise modified from time to time.

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

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

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

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

          “Net Insurance/Condemnation Proceeds” means an amount equal to: (i) any Cash payments or
proceeds received by Company or any of its Subsidiaries (a) under any all risk property insurance
policy in respect of a covered loss thereunder (other than the proceeds of

22

 

business interruption insurance) or (b) as a result of the taking of any assets of Company or
any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or
otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of
such a taking, minus (ii) (a) any actual and reasonable costs incurred by Company or any of
its Subsidiaries in connection with the adjustment or settlement of any claims of Company or such
Subsidiary in respect thereof or otherwise in connection with the repairs or replacement of
affected assets to the extent permitted pursuant to Section 2.14(b) of the Existing Credit
Agreement, and (b) any actual costs incurred in connection with any sale of such assets as referred
to in clause (i)(b) of this definition, including Taxes paid, payable or reasonably estimated to be
payable in connection therewith, reasonable fees and expenses of professional advisors, title and
recordation expenses and reasonable indemnification expenses.

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

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

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

          “Note” means a Term Loan Note.

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

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

          “Obligee Guarantor” as defined in Section 7.7.

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

          “Organizational Documents” means (i) with respect to any corporation, its certificate or
articles of incorporation or organization, as amended, and its by-laws, as amended, (ii) with
respect to any limited partnership, its certificate of limited partnership, as amended, and its
partnership agreement, as amended, (iii) with respect to any general partnership, its partnership
agreement, as amended, and (iv) with respect to any limited liability company, its articles of
organization, as amended, and its operating agreement, as amended. In the event any

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term or condition of this Agreement or any other Credit Document requires any Organizational
Document to be certified by a secretary of state or similar governmental official, the reference to
any such “Organizational Document” shall only be to a document of a type customarily certified by
such governmental official.

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

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

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

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

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

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

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

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

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

24

 

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

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

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

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

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

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

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

          “Phase I Report” means, with respect to any Facility, a report that (i) conforms to the ASTM
Standard Practice for Environmental Site Assessments, E 1527-00 or, if reasonably requested by the
Administrative Agent, USEPA’s standards for “All Appropriate Inquiry”, (ii) was conducted no more
than six months prior to the date such report is required to be delivered hereunder by one or more
environmental consulting firms reasonably satisfactory to Administrative Agent, and (iii) if
reasonably requested by the Administrative Agent, contains (a) an assessment of asbestos-containing
materials at such Facility, (b) an estimate of the reasonable worst-case cost of investigating and
remediating any Hazardous Materials or Hazardous Materials Activity identified as giving rise to an
actual or potential material violation of any Environmental Law or as presenting a material risk of
giving rise to a material Environmental Claim, and (c) an assessment of Holdings’, its
Subsidiaries’ and the Facility’s

25

 

current and past compliance with Environmental Laws and an estimate of the cost of rectifying
any non-compliance with current Environmental Laws identified therein and the cost of compliance
with reasonably anticipated future Environmental Laws identified therein; provided,
however, that for items (iii)(b) and (iii)(c) above, the report need only provide cost
estimates for matters that could reasonably be expected to result in liability to or expenditures
by Holdings or its Subsidiaries in excess of $1,500,000.

          “Pipeline” as defined in the preamble hereto.

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

          “Pledge and Security Agreement” means the Pledge and Security Agreement executed by Company
and each Guarantor on the Closing Date substantially in the form of Exhibit I, as amended,
restated, supplemented or otherwise modified from time to time.

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

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

          “Projections” as defined in Section 4.8.

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

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

          “RCRA Administrative Orders” means (a) the Administrative Order on Consent between the Seller
and the EPA dated October 21, 1994 pursuant to RCRA Docket No.

26

 

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

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

          “Record Document” means, with respect to any Leasehold Property, (i) the lease evidencing such
Leasehold Property or a memorandum thereof, executed and acknowledged by the owner of the affected
real property, as lessor, or (ii) if such Leasehold Property was acquired or subleased from the
holder of a Recorded Leasehold Interest, the applicable assignment or sublease document, executed
and acknowledged by such holder, in each case in form sufficient to give such constructive notice
upon recordation and otherwise in form reasonably satisfactory to Collateral Agent.

          “Recorded Leasehold Interest” means a Leasehold Property with respect to which a Record
Document has been recorded in all places necessary or desirable, in Administrative Agent’s
reasonable judgment, to give constructive notice of such Leasehold Property to third-party
purchasers and encumbrancers of the affected real property.

          “Refining” as defined in the preamble hereto.

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

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

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

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

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

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

          “Replacement Lender” as defined in Section 2.23.

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

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

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

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

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

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

          “Secured Parties” has the meaning assigned to that term in the Pledge and Security Agreement.

          “Securities” means any stock, shares, partnership interests, voting trust certificates,
certificates of interest or participation in any profit-sharing agreement or arrangement, options,
warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured,
convertible, subordinated or otherwise, or in general any instruments commonly known as
“securities” or any certificates of interest, shares or participations in temporary or interim
certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire,
any of the foregoing.

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

          “Seller” means Coffeyville Group Holdings, LLC.

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

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

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

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

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

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

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

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

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

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

          “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than 50% of
the total voting power of shares of stock or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the

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power to direct or cause the direction of the management and policies thereof is at the time
owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person or a combination thereof; provided, in determining the
percentage of ownership interests of any Person controlled by another Person, no ownership interest
in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. For
purposes hereof, except where otherwise expressly set forth herein, Company shall be deemed a
Subsidiary of Holdings. It is agreed and understood that notwithstanding any provision in this
Agreement to the contrary, as of the Closing Date, the MLP and the Special GP shall each be deemed
to be wholly-owned Subsidiaries of the Company.

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

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

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

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

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

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

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

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

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

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

          “Terminal” as defined in the preamble hereto.

          “Terminated Lender” as defined in Section 2.23.

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

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

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

          “Transportation” as defined in the preamble hereto.

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

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

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

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

     1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not
otherwise defined herein shall have the meanings assigned to them in conformity with GAAP.
Financial statements and other information required to be delivered by Company to Lenders pursuant
to Section 5.1(a), 5.1(b) and 5.1(c) shall be prepared in accordance with GAAP as in effect at the
time of such preparation (and delivered together with the reconciliation statements provided for in
Section 5.1(e), if applicable). If at any time any change in GAAP would affect the computation of
any financial ratio or requirement set forth in any Credit Document, and Company shall so request,
Administrative Agent and Company shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP (subject to the approval of
Requisite Lenders), provided that, until so amended, such ratio or requirement shall
continue to be computed in accordance with GAAP prior to such change therein and Company shall
provide to Administrative Agent and Lenders reconciliation statements provided for in Section
5.1(e).

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

SECTION 2. LOANS

     2.1. Term Loans.

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

          (b) Borrowing Mechanics for the Term Loans.

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

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

     2.2. [Reserved].

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     2.3. [Reserved].

     2.4. [Reserved].

     2.5. Pro Rata Shares; Availability of Funds.

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

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

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

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

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

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

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

     2.8. Interest on Loans.

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

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

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

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

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

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

          (e) Except as otherwise set forth herein, interest on each Loan (i) shall accrue on
a daily basis and shall be payable in arrears on each Interest Payment Date with respect
to interest accrued on and to each such payment date; (ii) shall accrue on a

35

 

daily basis
and shall be payable in arrears upon any prepayment of that Loan, whether voluntary or
mandatory, to the extent accrued on the amount being prepaid; and (iii) shall accrue on a
daily basis and shall be payable in arrears at maturity of the Loans, including final
maturity of the Loans; provided, however, with respect to any voluntary prepayment
of a Base Rate Loan, accrued interest shall instead be payable on the applicable Interest
Payment Date.

     2.9. Conversion/Continuation.

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

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

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

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

     2.10. Default Interest. Upon the occurrence and during the continuance of an Event of Default, to
the extent permitted by applicable law, any overdue amounts owed hereunder, shall thereafter bear
interest
(including post-petition interest in any proceeding under the Bankruptcy Code or other
applicable bankruptcy laws) payable on demand at a rate that is 2% per annum in excess of the
interest rate otherwise payable hereunder with respect to the applicable Loans (or, in the case of
any such fees and other amounts, at a rate which is 2% per annum in excess of the interest rate
otherwise payable hereunder for Base Rate Loans); provided, in the case of Eurodollar Rate
Loans, upon the expiration of the Interest Period in effect at the time any such increase in
interest rate is effective such Eurodollar Rate Loans shall thereupon become Base Rate Loans and
shall thereafter bear interest payable upon demand at a rate which is 2% per annum in excess of the
interest rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance of the
increased rates of interest provided for in this Section 2.10 is not a permitted

36

 

alternative to
timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or
limit any rights or remedies of Administrative Agent or any Lender.

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

     2.12. Repayment. The Term Loans, together with all other amounts owed hereunder with respect
thereto, shall be paid in full on the Term Loan Maturity Date; provided that if the Term Loans are
outstanding after January 31, 2008, then the Term Loans shall be subject to quarterly amortization
payments which shall be payable 15 days after the last day of each Fiscal Quarter, commencing with
the Fiscal Quarter ending March 31, 2008, in an amount equal to 37.5% of Estimated Excess Cash Flow
for such Fiscal Quarter and the remaining outstanding principal amount of such Term Loans, together
with all other amounts owed hereunder with respect thereto shall be paid in full on the Term Loan
Maturity Date. Each such quarterly amortization payment shall be accompanied by a certificate of
the chief financial officer of Company providing reasonable detail as to the calculation of such
amortization payment. Notwithstanding the foregoing, no scheduled quarterly amortization shall be
payable under this Section 2.12 until the Term Loans under the Opco Unsecured Credit Agreement,
shall have been paid in full.

     2.13. Voluntary Prepayments.

          (a) Voluntary Prepayments.

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

          (ii) All such prepayments shall be made:

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

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

in each case given to Administrative Agent by 12:00 p.m. (New York City time) on the date required
and, if given by telephone, promptly confirmed in writing to Administrative Agent (and
Administrative Agent will promptly notify each Lender). Upon the giving of any such notice, the
principal amount of the Loans specified in such notice shall become due and payable on the
prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in
Section 2.15(a).

          (b) Restrictions on Voluntary Prepayments. Notwithstanding the provisions
of this Section 2.13, (i) no voluntary prepayments of Term Loans shall be

37

 

made with proceeds of the Parent Credit Agreement, and (ii) no voluntary prepayments of the Term
Loans shall be made prior to the repayment in full of all Obligations under the Opco
Unsecured Credit Agreement.

     2.14. Mandatory Prepayments

          (a) [Reserved].

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

          (c) [Reserved].

          (d) [Reserved].

          (e) Issuance of Equity. No later than the first Business Day following the
receipt by any of Parent, Holdings or any of Subsidiary of Holdings of any Cash
proceeds from (i) any issuance of Capital Stock (other than a capital contribution
by, or the issuance of any Capital Stock of, Parent, Holdings, or any Subsidiary of
Holdings to, any Sponsor) or (ii) any IPO or secondary registered offering of any equity
interests of Parent, Holdings or any of Subsidiary of Holdings in the aggregate in excess
of $280,000,000 net of Underwriting Fees, Company shall prepay the Term Loans as set forth
in Section 2.15(b) in an aggregate amount equal to 100% of such Cash proceeds received for
all such offerings, net of underwriting discounts and commissions and other reasonable
costs and expenses associated therewith, including reasonable legal fees and expenses
(“Underwriting Fees”). All IPO proceeds shall be applied on a cumulative basis in the
following order: (A) first, to prepay the outstanding term loans under the Existing Credit
Agreement in amount not to exceed $280,000,000 net of Underwriting Fees, (B) second, to
prepay the outstanding term loans under the Parent Credit Agreement, (C) third, to prepay
the outstanding term loans under the Opco

38

 

Unsecured Credit Agreement, and (D) fourth, to
prepay the outstanding Term Loans under this Agreement. Notwithstanding the forgoing, if
the IPO proceeds shall exceed $280,000,000 (“Qualified IPO Proceeds”), net of Underwriting
Fees, Company may repay the outstanding Revolving Loans in the amount required to cause
the aggregate unused amount of Revolving Commitments to equal $50,000,000, prior to the
prepayment of the outstanding term loans under each of the Parent Credit Agreement, the
Opco Unsecured Credit Agreement, and this Agreement as set forth in this clause (e);
provided, that the aggregate amount of all such repayments of Revolving Loans
shall not exceed $50,000,000 in the aggregate.

          (f) [Reserved].

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

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

     2.15. Application of Prepayments.

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

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

     2.16. General Provisions Regarding Payments.

          (a) All payments by Company of principal, interest, fees and other Obligations
shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free
of any restriction or condition, and delivered to Administrative Agent not later than
12:00 p.m. (New York City time) on the date due at the Principal

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Office designated by
Administrative Agent for the account of Lenders; for purposes of computing interest and
fees, funds received by Administrative Agent after that time on such due date shall be
deemed to have been paid by Company on the next succeeding Business Day.

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

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

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

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

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

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

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          (h) If an Event of Default shall have occurred and not otherwise been waived, and
the maturity of the Obligations shall have been accelerated pursuant to Section 8.1, all
payments or proceeds received by Agents hereunder in respect of any of the Obligations,
shall be applied in accordance with the application arrangements described in Section 7.2
of the Pledge and Security Agreement.

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

     2.18. Making or Maintaining Eurodollar Rate Loans.

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

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given by Company with respect to the Loans in
respect of which such determination was made shall be deemed to be rescinded by Company.

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

          (c) Compensation for Breakage or Non-Commencement of Interest Periods.
Company shall compensate each Lender, upon written request by such Lender (which request
shall set forth the basis for requesting such amounts), for all reasonable losses,
expenses and liabilities (including any interest paid by such Lender to lenders of funds
borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense

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or liability sustained by such Lender in connection with the liquidation or re-employment of
such funds but excluding loss of anticipated profits) which such Lender may sustain: (i)
if for any reason (other than a default by such Lender) a borrowing of any Eurodollar Rate
Loan does not occur on a date specified therefor in the Funding Notice or a telephonic
request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does
not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic
request for conversion or continuation; (ii) if any prepayment or other principal payment
of, or any conversion of, any of its Eurodollar Rate Loans occurs on a date prior to the
last day of an Interest Period applicable to that Loan; and (iii) if any prepayment of any
of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment
given by Company.

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

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

     2.19. Increased Costs; Capital Adequacy.

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

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

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

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     2.20. Taxes; Withholding, etc.

          (a) Payments to Be Free and Clear. All sums payable by any Credit Party
hereunder and under the other Credit Documents shall (except to the extent required by
law) be paid free and clear of, and without any deduction or withholding on account of,
any Tax imposed, levied, collected, withheld or assessed by or within the United States of
America or any political subdivision in or of the United States of America or any other
jurisdiction from or to which a payment is made by or on behalf of any Credit Party or by
any federation or organization of which the United States of America or any such
jurisdiction is a member at the time of payment.

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

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applicable law, treaty or governmental rule, regulation or order, or any
change in the interpretation, administration or application thereof, after the Closing
Date (in the case of each Lender listed on the signature pages hereof on the Closing Date)
or after the effective date of the Assignment Agreement pursuant to which such Lender
became a Lender (in the case of each other Lender) relating to such requirement for a
deduction, withholding or payment (or the rate thereof) from that in effect at the Closing
Date or at the date of such Assignment Agreement, as the case may be, in respect of
payments to such Lender, except to the extent that such Lender’s assignor (if any) was
entitled, at the time of assignment, to receive additional amounts from Company with
respect to Taxes pursuant to this Section 2.20.

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

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

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

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

     2.22. [Reserved].

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

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Terminated Lender is a
Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to
each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the
prepayment of all amounts owing to any Terminated Lender and the termination of such Terminated
Lender’s Term Loan Commitments, if any, such Terminated Lender shall no longer constitute a
“Lender” for purposes hereof; provided, any rights of such Terminated Lender to
indemnification hereunder shall survive as to such Terminated Lender.

SECTION 3. CONDITIONS PRECEDENT

     3.1. Closing Date. The obligation of any Lender to make a Loan on the Closing Date is subject to
the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or
before the Closing Date; provided, however, that if the conditions set forth in
clauses (i) and (m) of this Section 3.1, are not satisfied or waived on such date after Company has
used commercially reasonable best efforts to do so, such conditions (assuming all other conditions
set forth in this Section 3.1 have been satisfied or waived on such date) automatically be
converted into covenants to accomplish the satisfaction of the applicable matters described in such
conditions as soon as is reasonably practicable but in any event within 30 days (or, in the case of
clause (m), within 7 days) after the Closing Date:

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

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

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

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

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

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

          (e) [Reserved].

          (f) [Reserved].

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

          (h) [Reserved].

          (i) Real Estate Assets. In order to create in favor of the Collateral
Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or
recording referred to herein, perfected First Priority security interest in certain Real
Estate Assets, Collateral Agent shall have received from Company and each applicable
Guarantor:

          (i) Collateral Agent shall have received a fully executed and notarized Mortgage, in
proper form for recording in all appropriate places in all applicable jurisdictions, in
respect of each Real Estate Asset listed in Schedule 3.1(i) as of the Effective Date (each,
a “Closing Date Mortgaged Property”);

          (ii) an opinion of counsel (which counsel shall be reasonably satisfactory to
Collateral Agent) in each state in which a Closing Date Mortgaged Property is located (other
than with respect to any Closing Date Mortgaged Property located in Nebraska) with respect
to the enforceability of the form(s) of Mortgages to be recorded in such state and such
other matters as Collateral Agent may reasonably request, in each case in form and substance
reasonably satisfactory to Collateral Agent;

          (iii) in the case of each Leasehold Property that is a Closing Date Mortgaged
Property, (1) a Landlord Consent and Estoppel to the extent Landlord’s

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consent is required
under the lease creating such Leasehold Property and (2) evidence that such Leasehold
Property is a Recorded Leasehold Interest;

          (iv) [Reserved];

          (v) evidence of flood insurance with respect to each Flood Hazard Property that is
located in a community that participates in the National Flood Insurance Program, in each
case in compliance with any applicable regulations of the Board of Governors of the Federal
Reserve System, in form and substance reasonably satisfactory to Collateral Agent; and

          (vi) surveys reasonably satisfactory to Collateral Agent of all Closing Date
Mortgaged Properties which are not Leasehold Properties, certified to Collateral Agent with
a form of certification reasonably satisfactory to Collateral Agent and dated the Effective
Date or such other date reasonably satisfactory to Collateral Agent.

          (j) Personal Property Collateral. In order to create in favor of
Collateral Agent, for the benefit of Secured Parties, a valid, perfected First Priority
security interest in the personal property Collateral, Collateral Agent shall have
received:

          (i) evidence reasonably satisfactory to Collateral Agent of the compliance by each
Credit Party of their obligations under the Pledge and Security
Agreement and the other Collateral Documents (including, without limitation, their
obligations to deliver UCC financing statements);

          (ii) a completed Collateral Questionnaire dated the Closing Date and executed by an
Authorized Officer of each Credit Party, together with all attachments contemplated thereby,
including (A) the results of a recent search, by a Person satisfactory to Collateral Agent,
of all effective UCC financing statements (or equivalent filings) made with respect to any
personal or mixed property the creation of security interests in which is governed by the
UCC of any Credit Party in the jurisdictions specified in the Collateral Questionnaire,
together with copies of all such filings disclosed by such search, and (B) UCC termination
statements (or similar documents) duly executed by all applicable Persons for filing in all
applicable jurisdictions as may be necessary to terminate any effective UCC financing
statements (or equivalent filings) disclosed in such search (other than any such financing
statements in respect of Permitted Liens); and

          (iii) evidence that each Credit Party shall have taken or caused to be taken any
other action, executed and delivered or caused to be executed and delivered any other
agreement, document and instrument and made or caused to be made any other filing and
recording (other than as set forth herein) reasonably required by Collateral Agent.

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

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

          (m) Evidence of Insurance. Collateral Agent shall have received a
certificate from Company’s insurance broker or other evidence reasonably satisfactory to
it that all insurance required to be maintained pursuant to Section 5.5 is in full force
and effect, together with endorsements naming the Collateral Agent, for the benefit of
Lenders, as additional insured and loss payee thereunder to the extent required under
Section 5.5.

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

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

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

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

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

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

     3.2. Conditions to the Credit Extension.

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

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

          (ii) [Reserved];

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

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

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

          (b) Notices. Any Notice shall be executed by an Authorized Officer in a
writing delivered to Administrative Agent. In lieu of delivering a Notice, Company may
give Administrative Agent telephonic notice by the required time of any proposed borrowing
or conversion/continuation, as the case may be; provided each such notice shall be
promptly confirmed in writing by delivery of the applicable Notice to Administrative Agent
on or before the applicable date of borrowing, continuation/conversion or issuance.
Neither Administrative Agent nor any Lender shall incur any liability to Company in acting
upon any telephonic notice referred to above that Administrative Agent believes in good
faith to have been given by a duly authorized officer or other person authorized on behalf
of Company or for otherwise acting in good faith.

SECTION 4. REPRESENTATIONS AND WARRANTIES

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

     4.1. Organization; Requisite Power and Authority; Qualification. Each of Holdings and its
Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization as identified in Schedule 4.1 as of the Effective Date, (b) has all
requisite power and authority to own and operate its properties, to carry on its business as now
conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a
party and to carry out the transactions contemplated thereby, and (c) is qualified to do business
and in good standing in every jurisdiction where its assets are located and wherever necessary to

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carry out its business and operations, except in jurisdictions where the failure to be so qualified
or in good standing has not had, and could not reasonably be expected to have, a Material Adverse
Effect.

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

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

     4.4. No Conflict. The execution, delivery and performance by Credit Parties of the Credit
Documents to which they are parties and the consummation of the transactions contemplated by the
Credit Documents do not and will not (a) violate any provision of any law or any governmental rule
or regulation applicable to Holdings or any of their respective Subsidiaries, any of the
Organizational Documents of Holdings or any of its Subsidiaries, or any order, judgment or decree
of any court or other agency of government binding on Holdings or any of its Subsidiaries except to
the extent such violation could not be reasonably expected to have a Material Adverse Effect; (b)
conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a
default under any Contractual Obligation of Holdings or any of its Subsidiaries except to the
extent such conflict, breach or default could not reasonably be expected to have a Material Adverse
Effect; (c) result in or require the creation or imposition of any Lien upon any of the properties
or assets of Holdings or any of their respective Subsidiaries (other than any Liens created under
any of the Credit Documents in favor of Collateral Agent, on behalf of Secured Parties or any Liens
created under the Existing Credit Agreement in favor of the Collateral Agent (as defined in the
Existing Credit Agreement), on behalf of the Secured Parties (as defined under the Existing Credit
Agreement)) secured by property with a value in excess of $1,000,000; or (d) require any approval
of stockholders, members or partners or any approval or consent of any Person under any Contractual
Obligation of Holdings or any of their respective Subsidiaries, except for such approvals or
consents which will be obtained on or before the Closing Date and disclosed in writing to Lenders
and except for any such approvals or consents the failure of which to obtain could not reasonably
be expected to have a Material Adverse Effect.

     4.5. Governmental Consents. The execution, delivery and performance by Credit Parties of the
Credit Documents to which they are parties and the consummation of the transactions contemplated by
the Credit Documents do not and will not require any registration with, consent or approval of, or
notice to, or other action to, with or by, any Governmental

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Authority that has not been made or
obtained, except for consents, filings and recordings with respect to the Collateral to be
obtained, made, or otherwise delivered to Collateral Agent for filing and/or recordation, as of the
Closing Date and any such registration, consent, approval, notice or action, the absence of which
could not reasonably be expected to have a Material Adverse Effect.

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

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

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

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

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

     4.11. Adverse Proceedings, etc. Except as disclosed on Schedule 4.11 as of the Effective Date,
there are no Adverse Proceedings, individually or in the aggregate, that could reasonably be
expected to have a Material Adverse Effect. Neither Holdings nor any of its Subsidiaries (a) is in
violation of any applicable laws that, individually or in the aggregate, could

55

 

reasonably be
expected to have a Material Adverse Effect, or (b) is subject to or in default with respect to any
final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal,
state, municipal or other governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect.

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

     4.13. Properties.

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

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

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insolvency, reorganization, moratorium or similar laws relating to
or limiting creditors’ rights generally or by equitable principles; and

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

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

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

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

          (c) Other than the Consent Decree and the RCRA Administrative Orders, neither
Holdings nor any of its Subsidiaries nor any of their respective

57

 

Facilities, or operations
or, to Holdings’ or its Subsidiaries’ Knowledge, any of their previously owned or operated
real property are subject either to (a) any pending or, to Holdings’ or its Subsidiaries’
Knowledge, threatened Environmental Claim or (b) any outstanding written order, consent
decree or settlement agreement with any Person relating to any Environmental Law, any
Environmental Claim, or any Hazardous Materials Activity except for such Environmental
Claims, order, consent decree or settlement that could not reasonably be expected,
individually or in the aggregate, to result in a Material Adverse Effect;

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

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

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

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

     4.15. No Defaults. Neither Holdings nor any of its Subsidiaries is in default in the performance,
observance or fulfillment of any of the obligations, covenants or conditions contained in any of
its material Contractual Obligations, and no condition exists which, with the giving of notice or
the lapse of time or both, could constitute such a default, except where the

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consequences, direct
or indirect, of such default or defaults, if any, could not reasonably be expected to have a
Material Adverse Effect.

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

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

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

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

     4.20. Employee Benefit Plans. Except as, individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect, (i) Holdings, each of its Subsidiaries and each of
their respective ERISA Affiliates are in compliance with all applicable provisions and requirements
of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder
with respect to each Employee Benefit Plan, and have performed all their obligations under each
Employee Benefit Plan, (ii) each Employee Benefit Plan which is

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intended to qualify under Section
401(a) of the Internal Revenue Code has received a favorable determination letter from the Internal
Revenue Service indicating that such Employee Benefit Plan is so qualified and nothing has occurred
subsequent to the issuance of such determination letter which would cause such Employee Benefit
Plan to lose its qualified status, (iii) no liability to the PBGC (other than required premium
payments), the Internal Revenue Service (with respect to any Employee Benefit Plan), any Employee
Benefit Plan or any trust established under Title IV of ERISA has been or is expected to be
incurred by Holdings, any of its Subsidiaries or any of their ERISA Affiliates, (iv) no ERISA Event
has occurred or is reasonably expected to occur, and (v) except to the extent required under
Section 4980B of the Internal Revenue Code or similar state laws, no Employee Benefit Plan provides
health or welfare benefits (through the purchase of insurance or otherwise) for any retired or
former employee of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates.
The present value of the aggregate benefit liabilities under
each Pension Plan sponsored, maintained or contributed to by Holdings, any of its Subsidiaries
or any of their ERISA Affiliates, (determined as of the end of the most recent plan year on the
basis of the actuarial assumptions specified for funding purposes in the most recent actuarial
valuation for such Pension Plan), did not exceed the aggregate current value of the assets of such
Pension Plan by more than $5,000,000. As of the most recent valuation date for each Multiemployer
Plan for which the actuarial report is available, the potential liability of Holdings, its
Subsidiaries and their respective ERISA Affiliates for a complete withdrawal from such
Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such
potential liability for a complete withdrawal from all Multiemployer Plans, based on information
available pursuant to Section 4221(e) of ERISA is not more than an amount which, individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect. Holdings, each of
its Subsidiaries and each of their ERISA Affiliates have complied in all material respects with the
requirements of Section 515 of ERISA with respect to each Multiemployer Plan and are not in
material “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a
Multiemployer Plan.

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

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

     4.23. Related Agreements.

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

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

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Date (or as of any earlier date to which such representation and warranty specifically
relates).

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

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

     4.25. Disclosure. None of the factual information and data (taken as a whole) heretofore or
contemporaneously furnished by or on behalf of Holdings or any of its Subsidiaries for use in
connection with the transactions contemplated hereby contained any untrue statement of a material
fact or omitted to state a material fact (known to Holdings or Company, in the case of any document
not furnished by either of them) necessary in order to make the statements contained herein or
therein (taken as a whole) not misleading in light of the circumstances in which the same were
made. Any projections and pro forma financial information contained in such materials are based
upon good faith estimates and assumptions believed by Holdings or Company to be reasonable at the
time made, it being recognized by Lenders that such projections as to future events are not to be
viewed as facts and that actual results during the period or periods covered by any such
projections may differ materially from the projected results. There are no facts known (or which
should upon the reasonable exercise of diligence be known) to Holdings or Company (other than
matters of a general economic nature) that, individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect and that have not been disclosed herein or in such
other documents, certificates and statements furnished to Lenders for use in connection with the
transactions contemplated hereby.

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

     4.27. First Buyer. As of the Closing Date, the only states in which any Credit Party is the first
person who takes, receives or purchases oil or gas from an interest owner at the time the

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oil or gas is severed from the applicable real estate are Oklahoma, Nebraska, Missouri and
Kansas.

SECTION 5. AFFIRMATIVE COVENANTS

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

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

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

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

          (c) Annual Financial Statements. As soon as available, and in any event
within ninety (90) days after the end of each Fiscal Year, (i) the consolidated and
consolidating balance sheets of AcquisitionCo and its Subsidiaries as at the end of such
Fiscal Year and the related consolidated (and with respect to statements of income,
consolidating) statements of income, stockholders’ equity and cash flows of

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AcquisitionCo and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form
the corresponding figures for the previous Fiscal Year and the corresponding figures from
the Financial Plan for the Fiscal Year covered by such financial statements, and, if any
such financial statement would differ if prepared with respect to the Company and its
Subsidiaries, a statement of reconciliation for such financial statement, in reasonable
detail, together with a Financial Officer Certification
and a Narrative Report with respect thereto; and (ii) with respect to such
consolidated financial statements a report thereon of KPMG LLP or one of the other “Big
Four” independent certified public accountants of recognized national standing selected by
Company, and reasonably satisfactory to Administrative Agent (which report shall be
unqualified as to going concern and scope of audit, and shall state that such consolidated
financial statements fairly present, in all material respects, the consolidated financial
position of AcquisitionCo and its Subsidiaries as at the dates indicated and the results
of their operations and their cash flows for the periods indicated in conformity with GAAP
applied on a basis consistent with prior years (except as otherwise disclosed in such
financial statements) and that the examination by such accountants in connection with such
consolidated financial statements has been made in accordance with generally accepted
auditing standards) together with a written statement by such independent certified public
accountants stating (1) that their audit examination has included a review of the terms of
Section 6.8 of the Existing Credit Agreement and the related definitions, (2) whether, in
connection therewith, any condition or event that constitutes a Default or an Event of
Default with respect to any financial matters under Section 6.8 of the Existing Credit
Agreement, has come to their attention and, if such a condition or event has come to their
attention, specifying the nature and period of existence thereof, and (3) that nothing has
come to their attention that causes them to believe that the information contained in any
Compliance Certificate is not correct or that the matters set forth in such Compliance
Certificate are not stated in accordance with the terms hereof;

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

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

          (f) Notice of Default. Promptly upon any officer of any of Holdings or
Company obtaining knowledge (i) of any condition or event that constitutes a Default or an
Event of Default or that notice has been given to any of Holdings or Company

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

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

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

          (i) Financial Plan. As soon as practicable and in any event no later than
thirty (30) days after the end of each Fiscal Year, a consolidated plan and financial
forecast for each Fiscal Year (or portion thereof) through the next five Fiscal Years
following the Fiscal Year just ended, but not beyond the final maturity date of the loans
under the Existing Credit Agreement (a “Financial Plan”), including (i) a forecasted
consolidated balance sheet and forecasted consolidated statements of income and cash

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flows of AcquisitionCo and its Subsidiaries for such Fiscal Year, together with pro forma
Compliance Certificates for such Fiscal Year and an explanation of the assumptions on
which such forecasts are based, (ii) forecasted consolidated statements of income and cash
flows of AcquisitionCo and its Subsidiaries for each month of such Fiscal Year, (iii)
forecasts demonstrating projected compliance with the requirements of Section 6.8 through
the final maturity date of the Loans and (iv) forecasts
demonstrating adequate liquidity through the final maturity date of the Loans without
giving effect to any additional debt or equity offerings not reflected in the Projections,
together, in each case, with an explanation of the assumptions on which such forecasts are
based all in form and substance reasonably satisfactory to Agents;

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

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

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

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

          (n) Information Regarding Collateral. (a) Company will furnish to
Collateral Agent prompt written notice of any change (i) in any Credit Party’s corporate
name, (ii) in any Credit Party’s identity or corporate structure or (iii) in any Credit
Party’s Federal Taxpayer Identification Number. Company agrees not to effect or permit
any change referred to in the preceding sentence unless all filings have been made under
the Uniform Commercial Code or otherwise that are required in order for Collateral Agent
to continue at all times following such change to have a valid, legal and perfected
security interest in all the Collateral and for the Collateral at all times following such
change to have a valid, legal and perfected security interest as

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contemplated in the
Collateral Documents. Company also agrees promptly to notify Collateral Agent if any
material portion of the Collateral is damaged or destroyed;

          (o) Annual Collateral Verification. Each year, at the time of delivery of
annual financial statements with respect to the preceding Fiscal Year pursuant to Section
5.1(c), Company shall deliver to Collateral Agent an Officer’s Certificate (i) either
confirming that there has been no material change in such information since
the date of the Collateral Questionnaire delivered on the Closing Date or the date of
the most recent certificate delivered pursuant to this Section and/or identifying such
material changes and (ii) certifying that all Uniform Commercial Code financing statements
(including fixtures filings, as applicable) or other appropriate filings, recordings or
registrations, have been filed of record in each governmental, municipal or other
appropriate office in each jurisdiction identified pursuant to clause (i) above to the
extent necessary to protect and perfect the security interests under the Collateral
Documents for a period of not less than 18 months after the date of such certificate
(except as noted therein with respect to any continuation statements to be filed within
such period);

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

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

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

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

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

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

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

     5.3. Payment of Taxes and Claims. Each Credit Party will, and will cause each of its Subsidiaries
to, pay all federal and other material Taxes imposed upon it or any of its properties or assets or
in respect of any of its income, businesses or franchises before any penalty or fine accrues
thereon, and all claims (including claims for labor, services, materials and supplies) for sums
that have become due and payable and that by law have or may become a Lien upon any of its
properties or assets, prior to the time when any penalty or fine shall be incurred with respect
thereto; provided, no such Tax or claim need be paid if it is being contested in good faith
by appropriate proceedings promptly instituted and diligently conducted, or not yet the subject of
any proceeding, so long as (a) adequate reserve or other appropriate provision, as shall be
required in conformity with GAAP shall have been made therefor, and (b) in the case of a Tax or

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claim which has or may become a Lien against any of the Collateral, such contest proceedings, if
instituted, would conclusively operate to stay the sale of any portion of the Collateral to satisfy
such Tax or claim. No Credit Party will, nor will it permit any of its Subsidiaries to, file or
consent to the filing of any consolidated income tax return with any Person (other than Holdings or
any of their respective Subsidiaries).

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

     5.5. Insurance. Company will maintain or cause to be maintained, with financially sound and
reputable insurers, such commercial general liability insurance, third party property damage
insurance, business interruption insurance and all risk property insurance with respect to
liabilities, losses or damage in respect of the assets, properties and businesses of Holdings and
their respective Subsidiaries which is customarily carried or maintained under similar
circumstances by Persons of established reputation engaged in similar businesses of the size of
Holdings and its Subsidiaries, in each case in such amounts (giving effect to self-insurance), with
such deductibles, covering such risks and otherwise on such terms and conditions as shall be
customary for such Persons; provided, however, that the consent of the Collateral
Agent shall be required to change any of the following minimum insurance requirements: (i)
maintenance of all risk property insurance, covering physical loss or damage to the Facilities and
business interruption of at least (1) $1,250,000,000 until at least July 1, 2007, and (2) annually
thereafter, the lesser of (I) $1,250,000,000 and (II) the sum of (x) $300,000,000 plus (y)
the aggregate principal amount of outstanding Term Loans plus (z) the result of (1)
aggregate amount of exposure calculated at April 30th of each Fiscal Year as the
potential exposure of the Company under the Swap Agreement, such calculation formulated on a
consistent basis from year to year and reasonably acceptable to the Company minus (2)
$150,000,000; provided, however, that if, after using commercially reasonable
efforts, Company determines that the total amount of such all risk property insurance that would
otherwise be required to be procured based on the foregoing formula cannot be obtained on
commercially reasonable terms at the time of renewal of such all risk property insurance, Company,
after providing to the Collateral Agent a certification of such determination by not later than the
30th day preceding the expiration of the then current all risk property insurance, shall
be deemed to be in compliance with this Section 5.5 to the extent that Company maintains all risk
property insurance in an amount that is the maximum of that which may be obtained on commercially
reasonable terms; (ii) property deductibles shall not exceed $2,500,000 for physical damage or a
forty-five (45) day deductible for business interruption; provided that the property
deductibles may be increased to an amount not exceed $3,750,000 for physical damage and the
business interruption deductible may be increased to a period of not longer than sixty (60) days
with the consent of the Collateral Agent; (iii) maintenance of business interruption coverage of at
least twenty-four (24) months from the time of loss; (iv) maintenance of environmental liability
insurance of at least $50,000,000; (v) maintenance of commercial general liability and excess
liability insurance of at least $50,000,000; and (vi) all such insurance under this Section 5.5
shall be maintained at insurers with financial ratings of no less than A- by S&P or A- by A.M.
Best; provided that the Company shall replace any insurer with downgraded financial ratings
from A- by S&P or A- by A.M. Best

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within 120 days of such downgrade. Without limiting the
generality of the foregoing, Company will maintain or cause to be maintained (a) flood insurance
with respect to each Flood Hazard Property that is located in a community that participates in the
National Flood Insurance Program, in each case in compliance with any applicable regulations of the
Board of Governors of the Federal Reserve System, and (b) replacement cost value for the all risk
property insurance
on the Collateral under such policies of insurance, with such insurance companies, in such
amounts, with such deductibles, and covering such risks carried or maintained under similar
circumstances by Persons of established reputation engaged in similar businesses. Each such policy
of commercial general liability and all risk property insurance shall (i) name Collateral Agent, on
behalf of Lenders as an additional insured thereunder as its interests may appear and (ii) in the
case of commercial general liability insurance, property damage insurance and all risk property
insurance policy, contains additional insured and loss payable clauses or endorsements reasonably
satisfactory in form and substance to Collateral Agent, that names Collateral Agent, on behalf of
Lenders as the loss payee thereunder and provides for at least thirty days’ prior written notice to
Collateral Agent of any modification or cancellation of such policy.

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

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

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

     5.9. Environmental.

          (a) Compliance, Hazardous Materials Activities, Etc. Each Credit Party
shall take, and shall cause each of its Subsidiaries promptly to take, any reasonable
actions necessary to: (i) cure any violation of applicable Environmental Laws by such
Credit Party or its Subsidiaries that could reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect; (ii) make an appropriate response to any
Environmental Claim against such Credit Party or any of its Subsidiaries and discharge any
obligations it may have to any Person thereunder where failure to do so could reasonably
be expected to have, individually or in the aggregate, a

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Material Adverse Effect; (iii)
implement any and all Remedial Actions that are legally
required by any Governmental Authority (following final resolution of Holdings’ or
its Subsidiaries’ challenges or appeals, if any, of the relevant Governmental Authority’s
order or decision) or that are otherwise necessary to comply with Environmental
Laws and or that are otherwise necessary to maintain the value and marketability of the
Real Estate for industrial usage, except where failure to perform any such Remedial Action
would not reasonably be expected to result in a liability of or require an expenditure by
Holdings or its Subsidiaries in excess of $2,000,000; (iv) materially comply with the
terms and conditions of the Consent Decree and the RCRA Administrative Orders, except for
such noncompliance that would not reasonably be expected to result in liability of or
require an expenditure by Holdings or its Subsidiaries in excess of $2,000,000; (v)
achieve and maintain material compliance with the Clean Air Act Tier II Clean Fuels
requirements in the manner and by the dates specified in the letter from U.S.
Environmental Protection Agency (“USEPA”), Office of Transportation and Air Quality, dated
February 3, 2004, and the attachment thereto entitled “Compliance Plan for Motor Vehicle
Diesel Fuel Sulfur and Gasoline Sulfur Hardship Waiver” or any amendments thereto except
for such noncompliance that would not reasonably be expected to result in liability of or
require an expenditure by Holdings or its Subsidiaries in excess of $2,000,000; and (vi)
promptly complete all investigations and corrective actions necessary to address the items
of noncompliance at the Coffeyville Nitrogen Plant identified in Fertilizers’
self-disclosure submission to USEPA and the Kansas Department of Health and Environment
(“KDHE”), dated September 20, 2004, except where failure to perform such investigations or
corrective actions would not reasonably be expected to result in a liability of or require
an expenditure by Holdings or its Subsidiaries in excess of $2,000,000.

          (b) Environmental Disclosure.

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

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Environmental Claims that could
reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, and (6) any proposed action to be taken by
Holdings or any of its Subsidiaries to modify current operations in a manner that could
reasonably be expected to subject Holdings or any of its Subsidiaries to any additional
obligations or requirements under Environmental Laws that could reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect.

          (ii) Semi-Annual Report. Commencing on September 30, 2007, Holdings shall
submit to the Administrative Agents a semi-annual written report on the status of (A) any
non-compliance with Environmental Law, (B) any pending or threatened Environmental Claim,
(C) any Remedial Action, and (D) if reasonably requested by the Administrative Agent, other
matters related to Holdings or its Subsidiaries compliance with Environmental Law, in each
case of (A) through (D) above, that that, in each case, could reasonably be expected to give
rise to liability of or expenditures by Holdings or its Subsidiaries of $3,000,000 or more.
Such report shall specify in reasonable detail (1) the status of the matter including any
significant developments since the date of the prior report, (2) any technical reports or
material correspondence prepared or received relating to the matter, (3) the proposed plan
for resolution or completion of the matter, and (4) the anticipated cost to achieve such
resolution or completion of the matter. Subject to Section 5.9(d) below, at the reasonable
written request of the Administrative Agent, Holdings shall provide the Administrative Agent
with copies of all material documents related to such matters that are in its or its
Subsidiaries’ possession or control; and

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

          (c) Right of Access and Inspection.

          (i) With respect to any matter disclosed pursuant to subsection (b) above, or if an
Event of Default has occurred and is continuing, or if Administrative Agent reasonably
believes either that Holdings or any of its Subsidiaries has breached any representation,
warranty or covenant in this Agreement pertaining to environmental matters in any material
respect, the Administrative Agent and its representatives shall have the right, but not the
obligation, at any reasonable time and after reasonable notice, to enter into and observe
the condition and operations of the Facilities as they relate to matters pertaining to
Environmental Law (“Environmental Conditions”). Such access shall include, at the
reasonable request of the Administrative Agent, an opportunity to review relevant documents
and interview employees or representatives of Holdings or its Subsidiaries to the extent
necessary to obtain information related to the Environmental Conditions at issue. Holdings
shall reimburse the Administrative Agent for any reasonable costs incurred in conducting any
such observations, including any reasonable consultants’ or lawyers fees relating thereto.
At the reasonable request of the Administrative Agent, Holdings shall prepare a Phase I
Report and conduct such tests and investigations as directed by the Administrative Agent for
Environmental Conditions that

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could reasonably be expected to give rise to liability of or
expenditures by Holdings or its
Subsidiaries in excess of $3,000,000; provided, however, that any such
tests or investigations shall not include the taking of samples of air, soil, surface water,
groundwater, effluent, and building materials, in, on or under the Facilities unless, based
upon the Phase I Report, the Administrative Agent reasonably concludes that such sampling is
commercially reasonable and necessary to evaluate any Environmental Conditions (x) with
respect to any proposed sub-surface soil or ground water sampling, that could reasonably be
expected to give rise to liability or expenditures by Holdings or its Subsidiaries in excess
of $10,000,000 or (y) with respect to any other samplings, that could be reasonably be
expected to give rise to liability or expenditures by Holdings or its Subsidiaries in excess
of $7,000,000. Any such tests and investigations shall be conducted by a qualified
environmental consulting firm reasonably acceptable to the Administrative Agent. If an
Event of Default has occurred and is continuing, or if Holdings does not prepare a Phase I
Report or conduct the requested tests and investigations in a reasonably timely manner, the
Administrative Agent may, upon prior notice to Holdings, retain an environmental consultant,
at Holdings’ expense, to prepare a Phase I Report and conduct such tests and investigations.
Holdings and its Subsidiaries shall provide Administrative Agent and its consultants with
access to the Facilities during normal business hours in order to complete any necessary
inspections or sampling. The Administrative Agent will make commercially reasonable efforts
to conduct any such investigations so as to avoid interfering with the operation of the
Facility.

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

          (iii) The exercise of the Administrative Agent’s rights under subsections (c)(i) or
(c)(ii) shall not constitute a waiver of any default by Holdings or any Subsidiary and shall
not impose any liability on the Administrative Agent or any of the Lenders. In

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no event will any site visit, observation, test or investigation by the Administrative Agent
be deemed a representation that Hazardous Materials are or are not present in, on or
under any of the Facilities, or that there has been or will be compliance with any
Environmental Law, and the Administrative Agent shall not be deemed to have made any
representation or warranty to any party regarding the truth, accuracy or completeness of any
report or findings with regard thereto. Without express written authorization, which shall
not be unreasonably withheld, neither Holdings nor any other party shall be entitled to rely
on any site visit observation, test or investigation by the Administrative Agent. The
Administrative Agent and the Lenders owe no duty of care to protect Holdings or any other
party against, or to inform Holdings or any other party of, any Hazardous Materials or any
other adverse Environmental Condition affecting any of the Facilities. The Administrative
Agent may in its reasonable discretion disclose to Holdings or, if so required by law, to
any third party, any report or findings made as a result of, or in connection with, any site
visit, observation, testing or investigation by the Administrative Agent. If the
Administrative Agent reasonably believes that it is legally required to disclose any such
report or finding to any third party, then the Administrative Agent shall use its reasonable
efforts to give Holdings prior notice of such disclosure and afford Holdings the opportunity
to object or defend against such disclosure at its own and sole cost; provided, that the
failure of the Administrative Agent to give any such notice or afford Holdings the
opportunity to object or defend against such disclosure shall not result in any liability to
the Administrative Agent. Holdings acknowledges that it or its Subsidiaries may be
obligated to notify relevant Governmental Authorities regarding the results of any site
visit, observation, testing or investigation by the Administrative Agent and that such
reporting requirements are site and fact-specific, and are to be evaluated by Holdings
without advice or assistance from the Administrative Agent. Nothing contained in this
Section 5.9(c)(iii) shall be construed as releasing the Administrative Agent or the Lenders
from any liability to the extent incurred as a result of their gross negligence or willful
misconduct.

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

     5.10. Subsidiaries. In the event that any Person becomes a Domestic Subsidiary of Company, Company
shall (a) as soon as is practicable cause such Domestic Subsidiary (other than (i) non-wholly owned
Domestic Subsidiaries owning total assets with an aggregate fair market value not to exceed
$2,500,000 in the aggregate for all such non-wholly owned Domestic Subsidiaries or (ii) Domestic
Subsidiaries owning total assets with an aggregate fair market value of less than $100,000, and not
to exceed $1,000,000 in the aggregate for all such Domestic

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Subsidiaries, or
generating total revenue for any twelve (12) month period of less than $100,000, and not to
exceed $1,000,000 in the aggregate for all such Domestic Subsidiaries) to become a Guarantor
hereunder and a Grantor under the Pledge and Security Agreement by executing and delivering to
Administrative Agent and Collateral Agent a Counterpart Agreement, and (b) take all such actions
and execute and deliver, or cause to be executed and delivered, all such documents, instruments,
agreements, and certificates as are similar to those described in Sections 3.1(b), 3.1(i) (in the
event such Domestic Subsidiary owns any Material Real Estate Assets), 3.1(j) and 3.1(n). In the
event that any Person becomes a Foreign Subsidiary of Company, and the ownership interests of such
Foreign Subsidiary are owned by Company or by any Domestic Subsidiary thereof, Company shall, or
shall cause such Domestic Subsidiary to, deliver, all such documents, instruments, agreements, and
certificates as are similar to those described in Sections 3.1(b), and Company shall take, or shall
cause such Domestic Subsidiary to take, all of the actions referred to in Section 3.1(j)(i)
necessary to grant and to perfect a First Priority Lien in favor of Collateral Agent, for the
benefit of Secured Parties, under the Pledge and Security Agreement in 65% of such ownership
interests. With respect to each such Subsidiary, Company shall promptly send to Administrative
Agent written notice setting forth with respect to such Person (i) the date on which such Person
became a Subsidiary of Company, and (ii) all of the data required to be set forth in Schedules 4.1
and 4.2 as of the Effective Date with respect to all Subsidiaries of Company; provided, such
written notice shall be deemed to supplement Schedule 4.1 and 4.2 for all purposes hereof.
Notwithstanding the foregoing, Company shall not be obligated to perfect a security interest
pursuant to this Section 5.11 in those assets of such Domestic Subsidiary as to which the
Collateral Agent shall determine in its reasonable discretion and in consultation with Company that
the costs of obtaining a security interest with respect thereto are excessive in relation to the
value of the security afforded thereby. Notwithstanding any provision of this Agreement to the
contrary, from and after the Closing Date, each of the MLP and the Special GP shall be a Guarantor
hereunder and a Grantor under the Pledge and Security Agreement.

     5.11. Additional Material Real Estate Assets. In the event that any Credit Party acquires a
Material Real Estate Asset or a Real Estate Asset owned or leased on the Closing Date becomes a
Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the
Collateral Documents in favor of Collateral Agent, for the benefit of Secured Parties, then such
Credit Party, contemporaneously with acquiring such Material Real Estate Asset, shall take all such
actions and execute and deliver, or cause to be executed and delivered, all such mortgages,
documents, title policies, surveys, instruments, agreements, opinions and certificates similar to
those described in Sections 3.1(i) and 3.1(j) with respect to each such Material Real Estate Asset
that Collateral Agent shall reasonably request to create in favor of Collateral Agent, for the
benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein,
perfected First Priority security interest in such Material Real Estate Assets. In addition to the
foregoing, Company shall, at the request of Requisite Lenders, deliver, from time to time, to
Administrative Agent such appraisals as are required by law or regulation of Real Estate Assets
with respect to which Collateral Agent has been granted a Lien. Notwithstanding the foregoing,
Company shall not be obligated to grant security interest pursuant to this Section for Material
Real Estate Assets which are leasehold properties without limiting the generality of the foregoing,
if such Material Real Estate Asset is a Leasehold Property, with respect to which Company was not
able to obtain a Landlord Consent and Estoppel, despite the use of its commercially reasonable
efforts.

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

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

     5.14. Further Assurances. At any time or from time to time upon the request of Administrative
Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such
further documents and do such other acts and things as Administrative Agent or Collateral Agent may
reasonably request in order to effect fully the purposes of the Credit Documents. In furtherance
and not in limitation of the foregoing, each Credit Party shall take such actions as Administrative
Agent or Collateral Agent may reasonably request from time to time to ensure that the Obligations
are guarantied by the Guarantors and are secured by substantially all of the assets of Company, and
its Subsidiaries and all of the outstanding Capital Stock of Company and its Subsidiaries (subject
to limitations contained in the Credit Documents with respect to Foreign Subsidiaries).

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

     5.16. [Reserved].

     5.17. Refinery Revenue Bonds.

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

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

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

          (c) The Refinery Revenue Bonds shall be purchased by Holdings or any of its
Subsidiaries and shall be pledged to the Lenders pursuant to the Collateral Documents.

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

          (e) The obligation of Holdings or any of its Subsidiaries to make payments to the
County with respect to the Refinery Revenue Bonds, whether such payments consist of lease
payments, loan payments or any other form of payment, the corresponding right of the
County to receive such payments and all other security provided by Holdings or any of its
Subsidiaries with respect to the Refinery Revenue Bonds shall in all respects be junior
and subordinate to the Mortgages and the rights of the Lenders to receive payment
hereunder. Holdings or any of its Subsidiaries, as applicable, shall enter into, and shall
cause the County to enter into, such agreements as the Administrative Agent shall
reasonably require to reflect such subordination. Holdings and any of its Subsidiaries
shall enter into any modifications of Mortgages, additional Mortgages (whether leasehold
or otherwise) and other documentation (including assignments of payment in lieu of tax
agreements and other assignments) all as reasonably required by Administrative Agent in
connection with the transactions contemplated by this Section 5.17.

     5.18. Syndication.

          (a) The Company agrees to cooperate with the Arranger, in connection with (i) the
preparation of an information package regarding the business, operations,

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

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

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

     . Company shall use its best efforts to enter into a collateral sharing agreement or other
similar agreement with respect to the Collateral, with the Collateral Agent, in form and substance

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reasonably satisfactory to the Collateral Agent, within twenty-one (21) days after the Closing
Date.

SECTION 6. NEGATIVE COVENANTS

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

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

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

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

          (c) [Reserved];

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

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          (e) Indebtedness which may be deemed to exist pursuant to any guaranties,
indemnities, performance, surety, statutory, appeal or similar obligations including the
types of obligations referred to in clause (d) incurred in the ordinary course of
business;

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

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

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

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

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

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

          (l) additional Indebtedness under (i) Commodity Agreements permitted pursuant to
Section 6.20, (ii) any other Hedge Agreements and (iii) any Interest Rate

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Agreements
entered into with any financial institution other than a Lender Counterparty in the
ordinary course of Holdings’ or any of its Subsidiaries’ businesses;

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

          (n) [Reserved];

          (o) [Reserved];

          (p) [Reserved];

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

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

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

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

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

          (a) Liens in favor of Collateral Agent for the benefit of Secured Parties granted
pursuant to any Credit Document and Liens in favor of the Collateral Agent (as
defined in the Existing Credit Agreement) for the benefit of the Secured Parties (as
defined in the Existing Credit Agreement) granted pursuant to any Credit Document (as
defined in the Existing Credit Agreement);

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

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

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

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

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

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

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

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

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

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          (k) licenses of patents, trademarks and other intellectual property rights granted
by Company or any of its Subsidiaries in the ordinary course of business and not
interfering in any respect with the ordinary conduct of the business of Company or such
Subsidiary;

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

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

          (n) [Reserved];

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

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

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

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

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

     6.3. Equitable Lien. If any Credit Party or any of its Subsidiaries shall create or assume any
Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than
Permitted Liens, it shall make or cause to be made effective provisions whereby the Obligations
will be secured by such Lien equally and ratably with any and all other Indebtedness secured
thereby as long as any such Indebtedness shall be so secured; provided, notwithstanding the
foregoing, this covenant shall not be construed as a consent by Requisite Lenders to the creation
or assumption of any such Lien not otherwise permitted hereby; provided, further,
that no Credit Party shall create or assume any Lien pursuant to this Section 6.3 without the prior
written consent of the Arranger.

     6.4. No Further Negative Pledges. Except with respect to (a) specific property encumbered to secure payment of particular
Indebtedness or to be sold pursuant to an executed agreement with respect to a permitted Asset
Sale, (b) restrictions by reason of customary provisions restricting assignments, subletting or
other transfers contained in leases, licenses and similar agreements entered into in the ordinary
course of business (provided that such restrictions are limited to the property or assets secured
by such Liens or the property or assets subject to such leases, licenses or similar agreements, as
the case may be), (c) restrictions pursuant to the

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Credit Documents, Hedge Agreements, the Swap
Agreement Documents, or the Partnership Agreement, (d) Indebtedness permitted to be secured
pursuant to clauses (m) and (t) of Section 6.1 of the Existing Credit Agreement, and (e) any other
Permitted Lien but only to the extent to the assets to which such Permitted Lien attaches, no
Credit Party nor any of its Subsidiaries shall enter into any agreement prohibiting the creation or
assumption of any Lien upon any of its properties or assets, whether now owned or hereafter
acquired.

     6.5. Restricted Junior Payments. No Credit Party shall, nor shall it permit any of its
Subsidiaries through any manner or means or through any other Person to, directly or indirectly,
declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum
for any Restricted Junior Payment except that:

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

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

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

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

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

          (v) so long as no Default or Event of Default under Sections 8.1 (a), (f) or (g)
shall have occurred or be continuing, to the extent necessary to permit Holdings to pay (1)
management fees to the Sponsors in an amount not to exceed (A) $3,000,000 per Fiscal Year or
(B) in connection with the consummation of any IPO, a one time

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management fee of
$10,000,000, in each case pursuant to the Management Agreement, (2) customary investment
banking fees paid to the Sponsors and their Affiliates for services rendered to Holdings and
its Subsidiaries in connection with divestitures, acquisitions, financings and other
transactions, (3) reasonable one-time financial advisory fees for transactions involving
Holdings and its Subsidiaries in an amount not to exceed, with respect to both clauses (2)
and (3), $750,000 in the aggregate per Fiscal Year, (4) in connection with the consummation
of an IPO, such fees as are provided pursuant to the Management Agreement as in effect on
the date hereof and (5) any indemnity obligations owed to the Sponsors pursuant to the
Management Agreement; provided that (x) any of the foregoing fees and obligations that
remain unpaid because of the occurrence or the continuance of a Default under Sections 8.1
(a), (f) or (g) or an Event of Default shall continue to accrue and (y) such accrued and
unpaid fees shall be permitted to be paid (in addition to any amounts permitted by the
foregoing clauses (1) through (5)), at any time as no Default under Sections 8.1 (a), (f) or
(g) and no Event of Default shall exist;

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

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

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

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

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

     6.6. Restrictions on Subsidiary Distributions. Except as provided herein, no Credit Party shall, nor shall it permit any of its
Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual
encumbrance or restriction of any kind on the ability of any Subsidiary of Company to (a) pay
dividends or make any other distributions on any of such Subsidiary’s Capital Stock owned by
Company or any other Subsidiary of Company, (b) repay or prepay any Indebtedness owed by such
Subsidiary to Company or any other Subsidiary of Company, (c) make loans or advances to Company or
any other Subsidiary of Company, or (d) transfer any of its property or assets to Company or any
other Subsidiary of Company other than restrictions (i) in agreements evidencing Indebtedness
permitted by Section 6.1(k) that

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impose restrictions on the property so acquired and (ii) by reason
of customary provisions restricting assignments, subletting or other transfers contained in leases,
licenses, joint venture agreements and similar agreements entered into in the ordinary course of
business, (iii) that are or were created by virtue of any transfer of, agreement to transfer or
option or right with respect to any property, assets or Capital Stock not otherwise prohibited
under this Agreement, (iv) customary restrictions or conditions imposed by (x) law or (y) any of
the Credit Documents, Credit Documents (as defined in the Opco Unsecured Credit Agreement), Credit
Documents (as defined in the Existing Credit Agreement) or the Swap Agreement Documents, or
restrictions or conditions imposed by the Partnership Agreement, (v) any Permitted Lien or any
document or instrument governing any Permitted Lien; provided that any such restriction contained
therein relates only to the asset or assets subject to such Permitted Lien; (vi) customary
restrictions in Material Contracts entered into in the ordinary course of business,
provided that any such restrictions contained therein relate only to such agreements and
that any such restrictions, individually or in the aggregate, shall not materially affect any
Credit Party’s ability to pay Obligations; (vii) customary restrictions on net worth imposed by
customers or suppliers under contracts entered into in the ordinary course of business; and (viii)
an agreement governing Indebtedness incurred to refinance the Indebtedness issued, assumed or
incurred pursuant to an agreement referred to in clauses (i), (iv), and (v) above and any
amendments, restatements, modifications, renewals, supplements, refundings, replacements or
refinancings of the contracts, instruments or obligations referred to in clauses (i) through (viii)
above; provided, however, that the provisions relating to such encumbrance or
restriction contained in any such Indebtedness, amendments, restatements, modifications, renewals,
supplements, refundings, replacements or refinancings are no less favorable to Company in any
material respect as determined by the board of directors of Company in its reasonable and good
faith judgment than the provisions relating to such encumbrance or restriction contained in
agreements prior to such amendment, restatement, modification, renewal, supplement, refunding,
replacement or refinancing.

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

          (a) Investments in Cash and Cash Equivalents;

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

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

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

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

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

          (g) [Reserved];

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

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

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

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

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

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

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

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

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

          (q) [Reserved]; and

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

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

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

     6.8. Financial Covenants.

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

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

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

	 	 	 
	Fiscal	 	Leverage
	Quarter	 	Ratio
	September 30, 2007

	 	4.25:1.00
	December 31, 2007

	 	4.00:1.00
	March 31, 2008

	 	3.25:1.00
	June 30, 2008

	 	3.00:1.00
	September 30, 2008

	 	2.75:1.00
	December 31, 2008

	 	2.50:1.00

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          (c) Maximum Consolidated Capital Expenditures. Company shall not, and
shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in
any Fiscal Year indicated below, in an aggregate amount for Company and its Subsidiaries
in excess of the sum of (1) the corresponding amount set forth below opposite such Fiscal
Year; provided, such amount for any Fiscal Year shall be increased by an amount
equal to 100% of the excess, if any, of such amount for the previous Fiscal Year (without
giving effect to any adjustments made in accordance with this proviso (provided that
actual Consolidated Capital Expenditures in any Fiscal Year shall be first applied against
any carryover from the prior Fiscal Year) and excluding any use of the Available Amount
pursuant to subclause (2) below) over the actual amount of Consolidated Capital
Expenditures for such previous Fiscal Year:

	 	 	 	 	 
	 	 	Consolidated
	 	 	Capital
	Fiscal Year	 	Expenditures
	2007
	 	$375,000,000 plus the 2006 Carryover
	2008
	 	$	125,000,000	 

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

          (d) Certain Calculations. With respect to any period during which a
Permitted Acquisition or an Asset Sale has occurred (each, a “Subject Transaction”), for
purposes of determining compliance with the financial covenants set forth in this Section
6.8 and for determining pro forma compliance therewith (but not for purposes of
determining the Applicable Margin), Consolidated Adjusted EBITDA shall be calculated with
respect to such period on a pro forma basis (including pro forma adjustments arising out
of events which are directly attributable to a specific transaction, projected by Holdings
in good faith as a result of reasonably identifiable and factually supportable net cost
savings or additional costs, as the case may be, realizable during the twelve month period
after such transaction by combining, in the

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case of a Permitted Acquisition, the
operations of the acquired entity or business with the operations of Holdings and its
Subsidiaries; provided that (i) so long as such net cost savings or additional net costs
will be realizable at any time, during such period, it may be assumed, for purposes of
projecting such pro forma increase or decrease to Consolidated Adjusted EBITDA, that such
net cost savings or additional net cost will be realizable during the entire such period
and (ii) any such pro forma increase or decrease to Consolidated Adjusted EBITDA shall be
without duplication for net cost savings or additional net costs actually realized during
such period and already included in Consolidated EBITDA, all of which pro forma
adjustments shall be certified by the chief financial officer of Parent) using the
historical audited financial statements of any business so acquired or to be acquired or
sold or to be sold and the consolidated financial statements of Company and its
Subsidiaries which shall be reformulated as if such Subject Transaction, and any
Indebtedness incurred or repaid in connection therewith, had been consummated or incurred
or repaid at the beginning of such period (and assuming that such Indebtedness bears
interest during any portion of the applicable measurement period prior to the relevant
acquisition at the weighted average of the interest rates applicable to outstanding Loans
incurred during such period).

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

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

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

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

     6.9. Fundamental Changes; Disposition of Assets; Acquisitions. No Credit Party shall, nor shall it
permit any of its Subsidiaries to, effect any transaction of merger or consolidation, or liquidate,
wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or
sub-lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction
or a series of transactions, all or any part of its business, assets or property of any kind
whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned
or hereafter acquired, or acquire by purchase or otherwise (other than purchases or other
acquisitions of inventory, materials and equipment and Capital Expenditures in the ordinary course
of business), including without limitation any forward sale of production other than pursuant to
Commodity Agreements not prohibited by Section 6.20 the business, property or fixed assets of, or
stock or other evidence of beneficial ownership of, any Person or any division or line of business
or other business unit of any Person, except:

          (a) (i) any Subsidiary of Holdings may be merged with or into Company or any
Guarantor Subsidiary, or be liquidated, wound up or dissolved, or all or any part of its
business, property or assets may be conveyed, sold, leased, transferred or otherwise
disposed of, in one transaction or a series of transactions, to Company or any Guarantor
Subsidiary; provided, in the case of such a merger, Company or such Guarantor
Subsidiary, as applicable shall be the continuing or surviving Person, (ii) any
non-Guarantor Subsidiary may be merged with or into any other non-Guarantor Subsidiary and
(iii) any Holdings may be merged with or into any other Holdings, or be liquidated, wound
up or dissolved, or all or any part of its business, property or assets may be conveyed,
sold, leased, transferred or otherwise disposed of, in one transaction or a series of
transactions, to any other Holdings, so long as 100% of the Capital Stock of Company
continues to be pledged to the Collateral Agent pursuant to the Pledge and Security
Agreement;

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

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

          (d) [Reserved];

          (e) Asset Sales, the proceeds of which (valued at the principal amount thereof in
the case of non-Cash proceeds consisting of notes or other debt Securities and valued at
fair market value in the case of other non-Cash proceeds) are less than

90

 

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

          (f) [Reserved];

          (g) [Reserved];

          (h) [Reserved];

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

          (j) Investments made in accordance with Section 6.7;

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

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

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

     6.10. Disposal of Subsidiary Interests. Except for (i) any sale of all of its interests in the
Capital Stock of any of its Subsidiaries in compliance with the provisions of Section 6.9 and (ii)
any pledge of the Capital Stock of Company or its Subsidiaries to secure the Obligations hereunder
or the Obligations under any Hedge Agreement or the Obligations (as defined in the Existing Credit
Agreement), and except as provided in the other Hedge Agreements (to the

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extent permitted by
Section 6.20), no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly
or indirectly sell, assign, pledge or otherwise encumber or dispose of any Capital Stock of any of
its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of
its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of
any Capital Stock of any of its Subsidiaries, except to another Credit Party (subject to the
restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required
by applicable law.

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

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

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

     6.14. Permitted Activities of Holdings. Each of Holdings shall not (a) incur, directly or
indirectly, any Indebtedness or any other obligation or liability whatsoever other than the
Indebtedness and obligations under the Swap Agreement, other Commodity Agreements to the

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extent permitted by Section 6.20 and other Indebtedness permitted under Sections 6.1(b); (b) create or
suffer to exist any Lien upon any property or assets now owned or hereafter acquired by it other
than the Liens created under the Collateral Documents to which it is a party or permitted pursuant
to Section 6.2; (c) engage in any business or activity or own any assets other than (i) holding
collectively 100% of the Capital Stock of Company; (ii) performing its obligations and activities
incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the
Related Agreements; and (iii) making Restricted Junior Payments and Investments to the extent
permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer or
lease all or substantially all its assets to, any Person other than another Holdings or Company;
(e) sell or otherwise dispose of any Capital Stock of any of its Subsidiaries except as permitted
by Section 6.10; (f) create or acquire any Subsidiary or make or own any Investment in any Person
other than Company; or (g) fail to hold itself out to the public as a legal entity separate and
distinct from all other Persons.

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

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

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

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     6.18. [Reserved].

     6.19. [Reserved].

     6.20. Maximum Amount of Hedged Production. Company shall not at any time enter into Commodity
Agreements if, after giving effect thereto, the exposure under all such Commodity Agreements will
exceed 75% of Actual Production or for a term of longer than six years from the Effective Date;
provided that Company may enter into Commodity Agreements (i) with respect to refined
hydrocarbon products owned by Company and held by Company, at the time of entering into such
Commodity Agreements, in inventory, (ii) for the purpose of basis hedging and (iii) to hedge the
production of nitrogen fertilizer in Company’s fertilizer business.

SECTION 7. GUARANTY

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

     7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively,
the “Contributing Guarantors”), in a fair and equitable manner, their obligations arising under
this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a
Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate Payments exceeds its
Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of
the other Contributing Guarantors in an amount sufficient to cause each Contributing Guarantor’s
Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to a
Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the
Fair Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of
the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b)
the aggregate amount paid or distributed on or before such date by all Funding Guarantors under
this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means,
with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate
amount of the obligations of such Contributing Guarantor under this Guaranty that would not render
its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance
under Section 548 of Title 11 of the United States Code or any comparable applicable provisions of
state law; provided, solely for purposes of calculating the “Fair Share Contribution
Amount” with respect to any Contributing Guarantor for purposes of this Section 7.2, any assets or
liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation,
reimbursement or indemnification or any rights to or obligations of contribution hereunder shall
not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments”
means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to
(1) the aggregate amount of all payments and distributions made on or before such date by such

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Contributing Guarantor in respect of this Guaranty (including, without limitation, in respect of
this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date
by such Contributing Guarantor from the other Contributing Guarantors as contributions under this
Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on
which the related payment or distribution is made by the applicable Funding Guarantor. The
allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2
shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder.
Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section
7.2.

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

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

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

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

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

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

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

          (f) this Guaranty and the obligations of Guarantors hereunder shall be valid and
enforceable and shall not be subject to any reduction, limitation, impairment, discharge
or termination for any reason (other than payment in full of the Guaranteed Obligations),
including the occurrence of any of the following, whether or not any Guarantor shall have
had notice or knowledge of any of them: (i) any failure or omission to assert or enforce
or agreement or election not to assert or enforce, or the stay or enjoining, by order of
court, by operation of law or otherwise, of the exercise or enforcement of, any claim or
demand or any right, power or remedy (whether arising

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under the Credit Documents or the
Hedge Agreements, at law, in equity or otherwise) with respect to the Guaranteed
Obligations or any agreement relating thereto, or with respect to any other guaranty of or
security for the payment of the Guaranteed Obligations; (ii) any rescission, waiver,
amendment or modification of, or any consent to departure from, any of the terms or
provisions (including provisions relating to events of default) hereof, any of the other
Credit Documents, any of the Hedge Agreements or any agreement or instrument executed
pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in
each case whether or not in accordance with the terms hereof or such Credit Document, such
Hedge Agreement or any agreement relating to such other guaranty or security; (iii) the
Guaranteed Obligations, or any agreement relating thereto, at any time being found to be
illegal, invalid or unenforceable in any respect; (iv) the application of payments
received from any source (other than payments received pursuant to the other Credit
Documents or any of the Hedge Agreements or from the proceeds of any security for the
Guaranteed Obligations, except to the extent such security also serves as collateral for
indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other
than the Guaranteed Obligations, even though any Beneficiary might have elected to apply
such payment to any part or all of the Guaranteed Obligations; (v) any Beneficiary’s
consent to the change, reorganization or termination of the corporate structure or
existence of Holdings or any of its Subsidiaries and to any corresponding restructuring of
the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a
security interest in any collateral which secures any of the Guaranteed Obligations; (vii)
any defenses, set-offs or counterclaims which Company may allege or assert against any
Beneficiary in respect of the Guaranteed Obligations, including failure of consideration,
breach of warranty, payment, statute of frauds, statute of limitations, accord and
satisfaction and usury; (viii) any other act or thing or omission, or delay to do any
other act or thing, which may or might in any manner or to any extent vary the risk of any
Guarantor as an obligor in respect of the Guaranteed Obligations; and (ix) any law,
regulation, decree or order of any jurisdiction adversely effecting the Guaranteed
Obligations.

     7.5. Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries: (a)
any right to require any Beneficiary, as a condition of payment or performance by such Guarantor,
to (i) proceed against Company, any other guarantor (including any other Guarantor) of the
Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from
Company, any such other guarantor or any other Person, (iii) proceed against or have resort to any
balance of any Deposit Account or credit on the books of any Beneficiary in favor of Company or any
other Person, or (iv) pursue any other remedy in the power of any Beneficiary whatsoever; (b) any
defense arising by reason of the incapacity, lack of authority or any disability or other defense
of Company or any other Guarantor including any defense based on or arising out of the lack of
validity or the unenforceability of the Guaranteed Obligations or any agreement or instrument
relating thereto or by reason of the cessation of the liability of Company or any other Guarantor
from any cause other than payment in full of the Guaranteed Obligations; (c) any defense based upon
any statute or rule of law which provides that the obligation of a surety must be neither larger in
amount nor in other respects more burdensome than that of the principal; (d) any defense based upon
any Beneficiary’s errors or omissions in the administration of the Guaranteed Obligations, except
behavior which amounts

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to willful misconduct, gross negligence or bad faith; (e) (i) any principles
or provisions of law, statutory or otherwise, which are or might be in conflict with the terms
hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the
benefit of any statute of limitations affecting such Guarantor’s liability hereunder or the
enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv)
promptness, diligence and any requirement that any Beneficiary protect, secure, perfect or insure
any security interest or lien or any property subject thereto; (f) notices, demands, presentments,
protests, notices of protest, notices of dishonor and notices of any action or inaction, including
acceptance hereof, notices of default hereunder, the Hedge Agreements or any agreement or
instrument related thereto, notices of any renewal, extension or modification of the Guaranteed
Obligations or any agreement related thereto, notices of any extension of credit to Company and
notices of any of the matters referred to in Section 7.4 and any right to consent to any thereof;
and (g) any defenses or benefits that may be derived from or afforded by law which limit the
liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof.

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

     7.7. Subordination of Other Obligations. Any Indebtedness of Company or any Guarantor now or
hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby

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

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

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

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

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

          (b) Each Guarantor acknowledges and agrees that any interest on any portion of the
Guaranteed Obligations which accrues after the commencement of any case or proceeding
referred to in clause (a) above (or, if interest on any portion of the Guaranteed
Obligations ceases to accrue by operation of law by reason of the

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commencement of such
case or proceeding, such interest as would have accrued on such portion of the Guaranteed
Obligations if such case or proceeding had not been commenced) shall be included in the
Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that
the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto should be
determined without regard to any rule of law or order which may relieve Company of any
portion of such Guaranteed Obligations. Guarantors will permit any trustee in bankruptcy,
receiver, debtor in possession, assignee for the benefit of creditors or similar person to
pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any
such interest accruing after the date on which such case or proceeding is commenced.

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

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

SECTION 8. EVENTS OF DEFAULT

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

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

          (b) Default in Other Agreements. (i) Failure of any Credit Party or any of
their respective Subsidiaries to pay when due any principal of or interest on or any other
amount payable in respect of one or more items of Indebtedness (other than Indebtedness
referred to in Section 8.1(a)) in an aggregate principal amount of $20,000,000 or more, in
each case beyond the grace period, if any, provided therefor; (ii) breach or default by
any Credit Party with respect to any other material term of (1) one or more items of
Indebtedness in the individual or aggregate principal amounts referred to in clause (i)
above or (2) any loan agreement, mortgage, indenture or other

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agreement relating to such
item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor,
if the effect of such breach or default is to cause, or to permit the holder or holders of
that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that
Indebtedness to become or be declared due and payable (or redeemable) prior to its stated
maturity or the stated maturity of any underlying obligation, as the case may be; (iii)
breach or default by Company under the Swap Agreement, if the effect of such breach or
default is to permit the holder or holders of that Indebtedness to terminate the Swap
Agreement and all or substantially all of the outstanding transactions thereunder; or (iv)
breach or default by Company under the Parent Credit Agreement, if the effect of such
breach or default is to permit the holder or holders of that Indebtedness to cause such
Indebtedness to become due, or to require prepayment, repurchase, redemption or defeasance
thereof, prior to its scheduled maturity; or

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

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

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

          (f) Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of
competent jurisdiction shall enter a decree or order for relief in respect of Holdings or
any of its Significant Subsidiaries in an involuntary case under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in
effect, which decree or order is not stayed; or any other similar relief shall be granted
under any applicable federal or state law; or (ii) an involuntary case shall be commenced
against Holdings or any of its Significant Subsidiaries under the Bankruptcy Code or under
any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or
a decree or order of a court having jurisdiction in the premises for the appointment of a
receiver, liquidator, sequestrator, trustee, custodian or other officer having similar
powers over Holdings or any of its Significant Subsidiaries, or over all or a substantial
part of its property, shall have been entered; or there shall have occurred the
involuntary appointment of an interim receiver, trustee or other custodian of Holdings or
any of its Significant Subsidiaries for all or a substantial part of its property; or a
warrant of attachment, execution or similar process shall have been

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issued against any
substantial part of the property of Holdings or any of its Significant Subsidiaries, and
any such event described in this clause (ii) shall continue for sixty days without having
been dismissed, bonded or discharged; or

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

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

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

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

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

          (l) Guaranties, Collateral Documents and other Credit Documents. At any
time after the execution and delivery thereof, (i) the Guaranty for any reason, other than
the satisfaction in full of all Obligations, shall cease to be in full force and effect

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(other than in accordance with its terms) or shall be declared to be null and void or any
Guarantor shall repudiate in writing its obligations thereunder, (ii) either Sponsor
Guaranty for any reason, other than the satisfaction in full of all Obligations, shall
cease to be in full force and effect (other than in accordance with its terms) or shall be
declared to be null and void or any Sponsor party to a Sponsor Guaranty shall repudiate in
writing its obligations thereunder, (iii) this Agreement or any Collateral Document ceases
to be in full force and effect (other than by reason of a release of Collateral in
accordance with the terms hereof or thereof or the satisfaction in full of the Obligations
in accordance with the terms hereof) or shall be declared null and void, or Collateral
Agent shall not have or shall cease to have a valid and perfected Lien in any material
portion of Collateral purported to be covered by the Collateral Documents with the
priority required by the relevant Collateral Document, in each case for any reason other
than the failure of Collateral Agent or any Secured Party to take any action within its
control, or (iv) any Credit Party or either Sponsor party to a Sponsor Guaranty (with
respect to such Sponsor’s Sponsor Guaranty) shall contest the validity or enforceability
of any Credit Document in writing or deny in writing that it has any further liability,
including with respect to future advances by Lenders, under any Credit Document to which
it is a party; or

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

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

SECTION 9. AGENTS

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

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

     9.2. General Immunity.

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

          (b) Exculpatory Provisions. No Agent nor any of its officers, partners,
directors, employees or agents shall be liable to Lenders for any action taken or omitted
by any Agent under or in connection with any of the Credit Documents except to the extent
such action or omission resulted from such Agent’s gross negligence or willful misconduct.
Each Agent shall be entitled to refrain from any act or the taking of any action
(including the failure to take an action) in connection herewith or any of the other
Credit Documents or from the exercise of any power, discretion or authority vested in it
hereunder or thereunder unless and until such Agent shall have received

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instructions in
respect thereof from Requisite Lenders (or such other Lenders as may be required to give
such instructions under Section 10.5) or, in the case of Collateral Agent, in accordance
with the Pledge and Security Agreement or other applicable Collateral Document, and, upon
receipt of such instructions from Requisite Lenders (or such other Lenders, as the case
may be), or in accordance with the Pledge and Security Agreement or other applicable
Collateral Document, as the case may be, such Agent shall be entitled to act or (where so
instructed) refrain from acting, or to exercise such power, discretion or authority, in
accordance with such instructions. Without prejudice to the generality of the foregoing,
(i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon
any communication, instrument or document believed by it to be genuine and correct and to
have been signed or sent by the proper Person or Persons, including any Settlement
Confirmation or other communication issued by any Settlement Service, and shall be
entitled to rely and shall be protected in relying on opinions and judgments of attorneys
(who may be attorneys for Holdings and its Subsidiaries), accountants, experts and other
professional advisors selected by it; and
(ii) no Lender shall have any right of action whatsoever against any Agent as a
result of such Agent acting or (where so instructed) refraining from acting hereunder or
any of the other Credit Documents in accordance with the instructions of Requisite Lenders
(or such other Lenders as may be required to give such instructions under Section 10.5)
or, in the case of the Collateral Agent, in accordance with the Pledge and Security
Agreement or other applicable Collateral Document.

          (c) Delegation of Duties. Administrative Agent and Collateral Agent may
perform any and all of their respective duties and exercise their respective rights and
powers under this Agreement or under any other Credit Document by or through any one or
more sub-agents appointed by Administrative Agent or Collateral Agent, as applicable.
Administrative Agent and Collateral Agent, as applicable, and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their
respective Affiliates. The exculpatory, indemnification and other provisions of this
Section 9.3 and of Section 9.6 shall apply to any of the Affiliates of Administrative
Agent and Collateral Agent and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as
Administrative Agent or Collateral Agent, as applicable. All of the rights, benefits, and
privileges (including the exculpatory and indemnification provisions) of this Section 9.3
and of Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such
sub-agent, and shall apply to their respective activities as sub-agent as if such
sub-agent and Affiliates were named herein. Notwithstanding anything herein to the
contrary, with respect to each sub-agent appointed by the Administrative Agent or
Collateral Agent, as applicable, (i) such sub-agent shall be a third party beneficiary
under this Agreement with respect to all such rights, benefits and privileges (including
exculpatory rights and rights to indemnification) and shall have all of the rights and
benefits of a third party beneficiary, including an independent right of action to enforce
such rights, benefits and privileges (including exculpatory rights and rights to
indemnification) directly, without the consent or joinder of any other Person, against any
or all of the Credit Parties and the Lenders, (ii) such rights, benefits and privileges
(including exculpatory rights and rights to indemnification) shall not be modified or
amended without the consent of such sub-agent, and (iii) such sub-agent shall only have

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obligations to Administrative Agent or Collateral Agent, as applicable, and not to any
Credit Party, Lender or any other Person and no Credit Party, Lender or any other Person
shall have any rights, directly or indirectly, as a third party beneficiary or otherwise,
against such sub-agent.

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

     9.4. Lenders’ Representations, Warranties and Acknowledgment.

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

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

     9.5. Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to
indemnify each Agent (including any prior Agents), to the extent that such Agent shall not have
been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and
disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred
by or asserted against such Agent in exercising its powers, rights and remedies or performing its
duties hereunder or under the other Credit Documents or otherwise in its capacity as such Agent in
any way relating to or arising out of this Agreement or the other Credit Documents;
provided, no Lender shall be liable for any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits,

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costs, expenses or disbursements except to
the extent that such liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements resulted from such Agent’s gross negligence or willful
misconduct. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such
Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease,
or not commence, to do the acts indemnified against until such additional indemnity is furnished;
provided, in no event shall this sentence require any Lender to indemnify any Agent against
any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or
disbursement in excess of such Lender’s Pro Rata Share thereof; and provided
further, this sentence shall not be deemed to require any Lender to indemnify any Agent
against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or
disbursement described in the proviso in the immediately preceding sentence.

     9.6. Successor Administrative Agent (a) Administrative Agent may resign at any time by giving five
days’ prior written notice thereof to Lenders and Company, and Administrative Agent may be removed
at any time with or without cause by an instrument or concurrent instruments in writing delivered
to Company and Administrative Agent and signed by Requisite Lenders. Upon any such notice of
resignation or any such removal, Requisite Lenders shall have the right, upon one Business Day’s
notice to Company, to appoint a successor Administrative Agent with the consent of Company, not to
be unreasonably withheld. Upon the acceptance of any appointment as Administrative Agent hereunder
by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to
and become vested with all the rights, powers, privileges and duties of the retiring or removed
Administrative Agent and the retiring or removed Administrative Agent shall, to the extent such
Administrative Agent is also acting as the Collateral Agent promptly (i) transfer to such successor
Administrative Agent all sums, Securities and other items of Collateral held under the Collateral
Documents, together with all records and other documents necessary or appropriate in connection
with the performance of the duties of the successor Administrative Agent under the Credit
Documents, and (ii) execute and deliver to such successor Administrative Agent such amendments to
financing statements, and take such other actions, as may be necessary or appropriate in connection
with the assignment to such successor Administrative Agent of the security interests created under
the Collateral Documents, whereupon such retiring or removed Administrative Agent shall be
discharged from its duties and obligations hereunder. If the Requisite Lenders have not appointed
a successor Administrative Agent, Administrative Agent shall have the right to appoint a financial
institution to act as Administrative Agent hereunder and in any case, Administrative Agent’s
resignation shall become effective on the third day after such notice of resignation. If neither
the Requisite Lenders nor Administrative Agent have appointed a successor Administrative Agent, the
Requisite Lenders shall be deemed to succeeded to and become vested with all the rights, powers,
privileges and duties of the retiring Administrative Agent; provided that, until a successor
Administrative Agent is so appointed by the Requisite Lenders or Administrative Agent,
Administrative Agent, by notice to the Borrower and the Requisite Lenders, may retain its role as
Collateral Agent under any Collateral Document. Except as provided in the immediately preceding
sentence, any resignation or removal of GSCP or its successor as Administrative Agent pursuant to
this Section shall also constitute the resignation or removal of GSCP or its successor as
Collateral Agent. After any retiring or removed Administrative Agent’s resignation or removal
hereunder as Administrative Agent, the provisions of this Section 9 shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was Administrative Agent hereunder.

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          (b) In addition to the foregoing, Collateral Agent may resign at any time by giving five days’
prior written notice thereof to Lenders and the Grantors, and Collateral Agent may be removed at
any time with or without cause by an instrument or concurrent instruments in writing delivered to
the Grantors and Collateral Agent signed by the Requisite Lenders. Upon any such notice of
resignation or any such removal, Requisite Lenders shall have the right, upon one Business Day’s
notice to the Administrative Agent, to appoint a successor Collateral Agent. Upon the acceptance
of any appointment as Collateral Agent hereunder by a successor Collateral Agent, that successor
Collateral Agent shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the retiring or removed Collateral Agent under this Agreement and the
Collateral Documents, and the retiring or removed Collateral Agent under this Agreement shall
promptly (i) transfer to such successor Collateral Agent all sums, Securities
and other items of Collateral held hereunder or under the Collateral Documents, together with
all records and other documents necessary or appropriate in connection with the performance of the
duties of the successor Collateral Agent under this Agreement and the Collateral Documents, and
(ii) execute and deliver to such successor Collateral Agent or otherwise authorize the filing of
such amendments to financing statements, and take such other actions, as may be necessary or
appropriate in connection with the assignment to such successor Collateral Agent of the security
interests created under the Collateral Documents, whereupon such retiring or removed Collateral
Agent shall be discharged from its duties and obligations under this Agreement and the Collateral
Documents. After any retiring or removed Collateral Agent’s resignation or removal hereunder as
the Collateral Agent, the provisions of this Agreement and the Collateral Documents shall inure to
its benefit as to any actions taken or omitted to be taken by it under this Agreement or the
Collateral Documents while it was the Collateral Agent hereunder

     9.7. Collateral Documents and Guaranty.

          (a) Agents under Collateral Documents and Guaranty. Each Lender hereby
further authorizes Administrative Agent or Collateral Agent, as applicable, on behalf of
and for the benefit of Lenders, to be the agent for and representative of Lenders with
respect to the Guaranty, the Sponsor Guaranties, the Collateral and the Collateral
Documents. Subject to Section 10.5, without further written consent or authorization from
Lenders, Administrative Agent or Collateral Agent, as applicable may execute any documents
or instruments necessary to (i) release any Lien encumbering any item of Collateral that
is the subject of a sale or other disposition of assets permitted hereby (upon any such
permitted disposition, the assets disposed of pursuant thereto shall automatically be
released from the Liens granted pursuant to any Collateral Document) or to which Requisite
Lenders (or such other Lenders as may be required to give such consent under Section 10.5)
have otherwise consented, (ii) release any Guarantor from the Guaranty pursuant to Section
7.12 or with respect to which Requisite Lenders (or such other Lenders as may be required
to give such consent under Section 10.5) have otherwise consented, or (iii) release any
Sponsor from the applicable Sponsor Guaranty in accordance with the terms thereof or with
respect to which Requisite Lenders (or such other Lenders as may be required to give such
consent under Section 10.5) have otherwise consented.

     (b) Right to Realize on Collateral and Enforce Guaranty. Anything
contained in any of the Credit Documents to the contrary notwithstanding, Company,

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Administrative Agent, Collateral Agent and each Lender hereby agree that (i) no Lender
shall have any right individually to realize upon any of the Collateral or to enforce the
Guaranty or any Sponsor Guaranty, it being understood and agreed that all powers, rights
and remedies hereunder may be exercised solely by Administrative Agent, on behalf of
Lenders in accordance with the terms hereof and all powers, rights and remedies under the
Collateral Documents may be exercised solely by Collateral Agent, and (ii) in the event of
a foreclosure by Collateral Agent on any of the Collateral pursuant to a public or private
sale, Collateral Agent or any Lender may be the purchaser of any or all of such Collateral
at any such sale and Collateral Agent, as agent for and representative of Secured Parties
(but not any Lender or Lenders in its or their
respective individual capacities unless Requisite Lenders shall otherwise agree in
writing) shall be entitled, for the purpose of bidding and making settlement or payment of
the purchase price for all or any portion of the Collateral sold at any such public sale,
to use and apply any of the Obligations as a credit on account of the purchase price for
any collateral payable by Collateral Agent at such sale.

SECTION 10. MISCELLANEOUS

10.1. Notices.

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

          (b) Electronic Communications.

          (i) Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites,
including the Platform) pursuant to procedures approved by Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 if such Lender has notified Administrative Agent that it is incapable of receiving
notices under such Section by electronic communication. Administrative Agent or Company
may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it, provided that
approval of such procedures may be limited to particular notices or communications. Unless
Administrative Agent otherwise prescribes,

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(i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from
the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or
other communication is not sent during the normal business hours of the recipient, such
notice or communication shall be deemed to have been sent at the opening of business on the
next Business Day for the recipient, and (ii) notices or communications posted to an
Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its e-mail
address as described in the foregoing clause (i) of notification that such notice or
communication is available and identifying the website address therefor.

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

          (iii) The Platform and any Approved Electronic Communications are provided “as is”
and “as available”. None of the Agents or any of their respective officers, directors,
employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the
accuracy, adequacy, or completeness of the Approved Electronic Communications or the
Platform and each expressly disclaims liability for errors or omissions in the Platform and
the Approved Electronic Communications. No warranty of any kind, express, implied or
statutory, including any warranty of merchantability, fitness for a particular purpose,
non-infringement of third party rights or freedom from viruses or other code defects is made
by the Agent Affiliates in connection with the Platform or the Approved Electronic
Communications.

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

     10.2. Expenses. Upon funding of the Term Loans, Company agrees to pay promptly (a) all the actual
and reasonable out-of-pocket costs and expenses of preparation of the Credit Documents and any
consents, amendments, waivers or other modifications thereto; (b) all the reasonable out-of-pocket
costs of furnishing all opinions by counsel for Company and the other Credit Parties; (c) the
reasonable out-of-pocket fees, expenses and disbursements of one special counsel to Agents, one
local counsel in each relevant jurisdiction and one counsel to the Administrative Agent in
connection with the negotiation, preparation, execution and administration of the Credit Documents
and any consents, amendments, waivers or other modifications thereto and any other documents or
matters requested by Company; (d) all the actual costs and reasonable expenses of creating and
perfecting Liens in favor of Collateral Agent, for the benefit of Lenders pursuant hereto,
including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees,
title insurance premiums and reasonable fees, expenses and disbursements of counsel to each Agent
and of counsel providing any opinions that any Agent or Requisite Lenders may request in respect of
the Collateral or the

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Liens created pursuant to the Collateral Documents; (e) all the actual costs
and reasonable fees, expenses and disbursements of any auditors, accountants, consultants or
appraisers; (f) all the actual out-of-pocket costs and reasonable expenses (including the
reasonable out-of-pocket fees, expenses and disbursements of any appraisers, consultants, advisors
and agents employed or retained by Collateral Agent and its counsel) in connection with the custody
or preservation of any of the Collateral; (g) all other actual and reasonable out-of-pocket costs
and expenses incurred by each Agent in connection with the syndication of the Loans and Commitments
and the negotiation, preparation and
execution of the Credit Documents and any consents, amendments, waivers or other modifications
thereto and the transactions contemplated thereby; and (h) after the occurrence of a Default or an
Event of Default, all costs and expenses, including reasonable attorneys’ fees and costs of
settlement, incurred by any Agent and Lenders in enforcing any Obligations of or in collecting any
payments due from any Credit Party hereunder or under the other Credit Documents or from any
Sponsor under any Sponsor Guaranty by reason of such Default or Event of Default (including in
connection with the sale of, collection from, or other realization upon any of the Collateral or
the enforcement of the Guaranty or any Sponsor Guaranty) or in connection with any refinancing or
restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or
pursuant to any insolvency or bankruptcy cases or proceedings.

     10.3. Indemnity.

          (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not
the transactions contemplated hereby shall be consummated, each Credit Party agrees to
defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless,
each Arranger, Agent, Lender and the officers, partners, directors, trustees, employees,
agents, sub-agents and Affiliates of each Agent and each Lender (each, an “Indemnitee”),
from and against any and all Indemnified Liabilities; provided, no Credit Party
shall have any obligation to any Indemnitee hereunder with respect to any Indemnified
Liabilities to the extent such Indemnified Liabilities have been found by a final,
non-appealable judgment of a court of competent jurisdiction to have resulted from the
gross negligence or willful misconduct of that Indemnitee. To the extent that the
undertakings to defend, indemnify, pay and hold harmless set forth in this Section 10.3
may be unenforceable in whole or in part because they are violative of any law or public
policy, the applicable Credit Party shall contribute the maximum portion that it is
permitted to pay and satisfy under applicable law to the payment and satisfaction of all
Indemnified Liabilities incurred by Indemnitees or any of them.

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

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occurring in connection therewith,
and Holdings and Company hereby waives, releases and agrees not to sue upon any such claim
or any such damages, whether or not accrued and whether or not known or suspected to exist
in its favor.

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

     10.5. Amendments and Waivers.

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

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

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

          (ii) [Reserved];

          (iii) [Reserved];

          (iv) [Reserved];

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

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

          (vii) reduce the principal amount of any Loan;

          (viii) terminate or release any Sponsor Guaranty;

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

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

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

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

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

          (ii) [Reserved];

          (iii) [Reserved];

          (iv) [Reserved];

          (v) [Reserved];

          (vi) [Reserved]; or

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

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

     10.6. Successors and Assigns; Participations.

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

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

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

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

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

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

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

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

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Agent for
cancellation, and thereupon Company shall issue and deliver new Notes, if so requested by
the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender,
with appropriate insertions, to reflect the outstanding Loans of the assignee and/or the
assigning Lender.

          (g) Participations. Each Lender shall have the right at any time to sell
one or more participations to any Person (other than Holdings, any of its Subsidiaries or
any of its Affiliates) in all or any part of its Term Loan Commitments, Loans or in any
other Obligation. The holder of any such participation, other than an Affiliate of the
Lender granting such participation, shall not be entitled to require such Lender to take
or omit to take any action hereunder except with respect to any amendment, modification or
waiver that would (i) extend the final scheduled maturity of any Loan or Note in which
such participant is participating, or reduce the rate or extend the time of payment of
interest or fees thereon (except in connection with a waiver of applicability of any
post-default increase in interest rates) or reduce the principal amount thereof, or
increase the amount of the participant’s participation over the amount thereof then in
effect (it being understood that a waiver of any Default or Event of Default shall not
constitute a change in the terms of such participation, and that an increase in any Term
Loan Commitment or Loan shall be permitted without the consent of any participant if the
participant’s participation is not increased as a result thereof), (ii) consent to the
assignment or transfer by any Credit Party of any of its rights and obligations under this
Agreement or (iii) release all or substantially all of the Collateral under the Collateral
Documents (except as expressly provided in the Credit Documents) supporting the Loans
hereunder in which such participant is participating. Company agrees that each
participant shall be entitled to the benefits of Sections 2.18(c), 2.19 and 2.20 to the
same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (c) of this Section; provided, (i) a participant shall not be entitled
to receive any greater payment under Sections 2.18(c), 2.19 or 2.20 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such
participant, unless the sale of the participation to such participant is made with
Company’s prior written consent and (ii) subject to clause (i) above, a participant that
would be a Non-US Lender (or that would otherwise be required to deliver a form referred
to in Section 2.20(c) to avoid deduction or withholding of United States federal income
tax with respect to payments made by a Credit Party under any of the Credit Documents) if
it were a Lender shall not be entitled to the benefits of Section 2.20 unless Company is
notified of the participation sold to such participant and such participant agrees, for
the benefit of Company, to be subject to Section 2.20 as though it were a Lender;
provided further that, except as specifically set forth in clauses (i) and
(ii) of this sentence, nothing herein shall require any notice to the Company or any other
Person in connection with the sale of any participation. To the extent permitted by law,
each participant also shall be entitled to the benefits of Section 10.4 as though it were
a Lender, provided such Participant agrees to be subject to Section 2.17 as though
it were a Lender.

          (h) Certain Other Assignments and Participations. In addition to any other
assignment or participation permitted pursuant to this Section 10.6, any Lender may assign
and/or pledge all or any portion of its Loans, the other Obligations owed by

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or to such Lender, and its Notes, if any, to secure obligations of such Lender including, without
limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of
the Board of Governors of the Federal Reserve System and any operating circular issued by
such Federal Reserve Bank; provided, that no Lender, as between Company and such
Lender, shall be relieved of any of its obligations
hereunder as a result of any such assignment and pledge, and provided
further, that in no event shall the applicable Federal Reserve Bank, pledgee or
trustee be considered to be a “Lender” or be entitled to require the assigning Lender to
take or omit to take any action hereunder.

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

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

     10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any Lender in
the exercise of any power, right or privilege hereunder or under any other Credit Document shall
impair such power, right or privilege or be construed to be a waiver of any default or acquiescence
therein, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other power, right or privilege. The rights, powers
and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition to
and independent of all rights, powers and remedies existing by virtue of any statute or rule of law
or in any of the other Credit Documents or any of the Hedge Agreements. Any forbearance or failure
to exercise, and any delay in exercising, any right, power or remedy hereunder shall not impair any
such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the
further exercise of any such right, power or remedy.

     10.10. Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any
obligation to marshal any assets in favor of any Credit Party or any other Person or against or in
payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or
payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or
any Agent or Lenders enforce any security interests or exercise their rights of setoff, and such
payment or payments or the proceeds of such enforcement or setoff or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to
be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or
federal law, common law or any equitable cause, then, to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all Liens, rights

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and remedies
therefor or related thereto, shall be revived and continued in full force and effect as if such
payment or payments had not been made or such enforcement or setoff had not occurred.

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

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

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

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

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

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THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER
JURISDICTION.

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

     10.17. Confidentiality. Each Agent (which term shall for the purposes of this Section 10.17 include the
Arranger), and each Lender shall hold all non-public information regarding Company and its
Subsidiaries and their businesses identified as such by Company and obtained by such Lender
pursuant to the requirements hereof in accordance with such Lender’s customary procedures for
handling confidential information of such nature, it being understood and agreed by Company that,
in any event, each Agent and each Lender may make (i) disclosures of such information to Affiliates
of such Lender or Agent and to their respective agents and advisors (and to other Persons
authorized by a Lender or Agent to organize, present or disseminate such information in connection
with disclosures otherwise made in accordance with this Section 10.17) in each case, who agree to
keep the information confidential in accordance with this Section 10.17 (ii) disclosures of such
information reasonably required by any bona fide or potential assignee, transferee or participant
in connection with the contemplated assignment, transfer or participation of any Loans or any
participations therein or by any direct or indirect contractual counterparties (or the professional
advisors thereto) to any swap or derivative

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transaction relating to the Company and its obligations
(provided, such assignees, transferees, participants, counterparties and advisors are advised of
and agree to be bound by either the provisions of this Section 10.17 or other provisions at least
as restrictive as this Section 10.17), (iii) disclosure to
any rating agency when required by it, provided that, prior to any disclosure, such rating agency
shall undertake in writing to preserve the confidentiality of any confidential information relating
to the Credit Parties received by it from any of the Agents or any Lender, (iv) disclosures in
connection with the exercise of remedies hereunder or under any other Credit Document or any
Sponsor Guaranty, and (v) disclosures required or requested by any governmental agency or
representative thereof or by the NAIC or pursuant to legal or judicial process; provided, unless
specifically prohibited by applicable law or court order, each Lender and each Agent shall make
reasonable efforts to notify Company of any request by any governmental agency or representative
thereof (other than any such request in connection with any examination of the financial condition
or other routine examination of such Lender by such governmental agency) for disclosure of any such
non-public information prior to disclosure of such information. In addition, each Agent and each
Lender may disclose the existence of this Agreement and the information about this Agreement to
market data collectors, similar services providers to the lending industry, and service providers
to the Agents and the Lenders in connection with the administration and management of this
Agreement and the other Credit Documents.

     10.18. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate
charged with respect to any of the Obligations, including all charges or fees in connection
therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful
Rate. If the rate of interest (determined without regard to the preceding sentence) under this
Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made
hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due
hereunder equals the amount of interest which would have been due hereunder if the stated rates of
interest set forth in this Agreement had at all times been in effect. In addition, if when the
Loans made hereunder are repaid in full the total interest due hereunder (taking into account the
increase provided for above) is less than the total amount of interest which would have been due
hereunder if the stated rates of interest set forth in this Agreement had at all times been in
effect, then to the extent permitted by law, Company shall pay to Administrative Agent an amount
equal to the difference between the amount of interest paid and the amount of interest which would
have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the
foregoing, it is the intention of Lenders and Company to conform strictly to any applicable usury
laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which
constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled
automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding
amount of the Loans made hereunder or be refunded to Company.

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

     10.20. Effectiveness. This Agreement shall become effective upon the execution of a counterpart
hereof by each of the parties hereto and receipt by Company and Administrative

120

 

Agent of written or
telephonic notification of such execution and authorization of delivery thereof.

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

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

     10.23. No Fiduciary Duty. Each Agent, the Arranger, each Lender and their Affiliates (collectively,
solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict
with those of Company. Company agrees that nothing in the Credit Documents or otherwise will be
deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty
between the Lenders and Company, its stockholders or its affiliates. You acknowledge and agree
that (i) the transactions contemplated by the Credit Documents are arm’s-length commercial
transactions between the Lenders, on the one hand, and Company, on the other, (ii) in connection
therewith and with the process leading to such transaction each of the Lenders is acting solely as
a principal and not the agent or fiduciary of the Borrower, its management, stockholders, creditors
or any other person, (iii) no Lender has assumed an advisory or fiduciary responsibility in favor
of Company with respect to the transactions contemplated hereby or the process leading thereto
(irrespective of whether any Lender or any of its affiliates has advised or is currently advising
Company on other matters) or any other obligation to Company except the obligations expressly set
forth in the Credit Documents and (iv) Company has consulted its own legal and financial advisors
to the extent it deemed appropriate. Company further acknowledges and agrees that it is
responsible for making its own independent judgment with respect to such transactions and the
process leading thereto. Company agrees that it will not claim that any Lender has rendered
advisory services of any nature or respect, or owes a fiduciary or similar duty to Company, in
connection with such transaction or the process leading thereto.

[Remainder of page intentionally left blank]

121

 

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

	 	 	 	 	 
	 	COFFEYVILLE RESOURCES, LLC

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

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

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

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

Opco Secured Credit
Agreement

 

	 	 	 	 	 
	 	COFFEYVILLE CRUDE TRANSPORTATION,

INC.

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

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

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

LLC

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

MARKETING, LLC

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

Opco Secured Credit
Agreement

 

	 	 	 	 	 
	 	COFFEYVILLE RESOURCES NITROGEN 

FERTILIZERS, LLC

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

TRANSPORTATION, LLC

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

LLC

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

Opco Secured Credit
Agreement

 

	 	 	 	 	 	 	 
	 	CVR PARTNERS, LP

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

     Sole Member of CVR GP, LLC and

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

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

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

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

Opco Secured Credit
Agreement

     

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger and Sole Bookrunner

	 
	 	By:  	 	/s/ Walter A. Jackson
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Opco Secured Credit
Agreement

 

	 	 	 	 	 

	 	 	 	 	 
	 	GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Administrative Agent and Collateral Agent

	 
	 	By:  	 	/s/ Walter A. Jackson
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Opco Secured Credit
Agreement

 

APPENDIX A

TO CREDIT AND GUARANTY AGREEMENT

Term Loan Commitments

	 	 	 	 	 
	 	 	 	 	Pro
	Lender	 	Term Loan Commitment	 	Rata Share
	Goldman Sachs Credit Partners L.P. 

Total

	 	$25,000,000

$25,000,000
	 	100%

100%

APPENDIX A-1

 

APPENDIX B

TO CREDIT AND GUARANTY AGREEMENT

Notice Addresses

COFFEYVILLE RESOURCES, LLC

and each other Credit Party

Coffeyville Resources, LLC

10 East Cambridge Circle, Suite #250

Kansas City, Kansas 66103

Attention: James T. Rens

Telecopier: (913) 981-0000

in each case, with a copy to:

Goldman Sachs Capital Partners

85 Broad Street, 10th Floor

New York, NY 10004

Attention: Ken Pontarelli

Telecopier: (212) 357-5505

and

Kelso & Company

320 Park Ave., 24th Floor

New York, New York 10022

Attn: James Connors — Managing Director & General Counsel

Telecopier: (212) 223-2379

APPENDIX B-2

 

GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Sole Lead Arranger, Sole Bookrunner, Administrative

Agent, Collateral Agent and a Lender

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: Lawrence Writer

Telecopier: (212) 902-3000

with a copies to:

Goldman Sachs Credit Partners L.P.

85 Broad Street

New York, New York 10004

Attention: SBD Operations

Telecopier: (212) 428-1622

E-mail: gsd.link@gs.com

APPENDIX B-3

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