Document:

EX-10.43

 

Exhibit 10.43

CVR GP, LLC

PROFIT BONUS PLAN

	1.	 	Purpose; Operation. The purpose of the CVR GP, LLC Profit Bonus Plan (the “Plan”) is
to provide an incentive to employees of an Employer who contribute to the Company’s success to
increase their efforts on behalf of the Company and to promote the success of the Company’s
business. Participants in the Plan have the opportunity to receive cash payments in respect
of their interests in the Plan in the event of certain distributions pursuant to the Parent
LLC Agreement to the “Members” (as defined in the Parent LLC Agreement) of Coffeyville
Acquisition III LLC. Whether payments will be made hereunder will depend on the amount of net
proceeds realized in connection with the event that gives rise to such distributions. Defined
terms are defined in Exhibit A hereto.
	 
	2.	 	Administration. The Plan shall be administered by the Committee. The Committee shall
have the authority in its discretion, subject to and not inconsistent with the express
provisions of the Plan, to administer the Plan and to exercise all the powers and authorities
either specifically granted to it under the Plan or necessary or advisable in the
administration of the Plan, including, without limitation:

	 	•	 	the authority to grant Bonus Points;
	 
	 	•	 	to determine the persons to whom and the time or times at which Bonus Points
shall be granted;
	 
	 	•	 	to determine the number of Bonus Points to be granted and the terms,
conditions and restrictions relating thereto;
	 
	 	•	 	to determine whether, to what extent, and under what circumstances Bonus
Points may be settled, cancelled, forfeited, exchanged, or surrendered;
	 
	 	•	 	to make adjustments in the terms and conditions applicable to Bonus Points;
	 
	 	•	 	to determine the size of the Bonus Pool subject to the terms of the Plan;
	 
	 	•	 	to construe and interpret the Plan and Award Agreements;
	 
	 	•	 	to prescribe, amend and rescind rules and regulations relating to the Plan;
	 
	 	•	 	to determine the terms and provisions of the Award Agreements;
	 
	 	•	 	to determine the amounts allocable for payment pursuant to this Plan; and
	 
	 	•	 	to make all other determinations deemed necessary or advisable for the
administration of the Plan.

All determinations made by the Committee in respect of the Plan shall be final and binding
on all Participants and their beneficiaries. No manager or member of the

 

 

	 	 	Company or member of the Committee shall be liable for any action taken or determination
made in good faith with respect to the Plan or any Bonus Points granted hereunder. The
Committee, with the consent of CVR GP, shall make determinations with respect to cash
amounts allocated, if any, to the Plan, with reference to the applicable definitions set
forth in Exhibit A; provided that any and all determinations with respect to
cash amounts allocated to the Plan shall be made in the Committee’s discretion and may vary
from such definitions. The Committee may make adjustments in the operation of provisions of
the Plan if the Committee determines in its sole discretion that such adjustments will
further the intent of such provisions.
	 
	3.	 	Eligibility. Bonus Points may be granted at any time to directors, employees
(including officers) and service providers of an Employer, in the discretion of the Committee.
	 
	4.	 	Bonus Points; Payment.

	 	(a)	 	Awards of Bonus Points. The Committee shall grant Bonus Points to
Participants pursuant to Award Agreements. The total number of Bonus Points available
for grant hereunder shall initially be 1,000,000 but may be increased in the discretion
of the Committee at any time.
	 
	 	(b)	 	Creation of Bonus Pool. Upon each Distribution, a Bonus Pool shall be
created, which shall equal 4.069% of the amount distributed to the Members in the
Distribution. Bonus Points shall represent the right to receive a cash payment from
the Employer within thirty (30) days following the date on which a Distribution is
made.
	 
	 	(c)	 	Bonus Point Payments. The cash amount payable to a Participant in
respect of his or her Bonus Points at any time that a Distribution is made shall be
determined by multiplying the amount of the Bonus Pool by a fraction, the numerator of
which is the total number of Bonus Points held by the Participant and the denominator
of which is 1,000,000; provided that the Committee may in an Award Agreement
provide for a limitation on the amount payable in respect of any Participant’s Bonus
Points based on such criteria as the Committee in its sole discretion may determine.
Any portion of a Bonus Pool that is not distributed to Participants in connection with
any Distribution for any reason (e.g. there are Bonus Points that have not yet been
awarded or have been forfeited or are otherwise not outstanding) shall revert to the
Company and no Participant shall have any right to such undistributed amount. For the
avoidance of doubt, the forgoing is simply a calculation of the amount of cash payment
payable to a Participant holding Bonus Points, and in no event shall such Participant,
in its capacity as such, have any rights to receive a payment or distribution from
Parent.

	5.	 	Additional Awards; Adjustments.

     (a) Additional Awards. An Employer may determine that a Participant’s performance
warrants an award of additional Bonus Points, in which case the Employer may recommend to the
Committee that an additional award be made.

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	 	(b)	 	In the event of any material acquisition, disposition, merger,
recapitalization, capital contribution or other similar event, the Committee may make
such adjustment(s) to the terms of the Plan or any awards granted under the Plan as the
Committee shall determine appropriate in its sole discretion.

	6.	 	Termination of Employment. If a Participant ceases to be employed by an Employer
(other than in connection with a transfer to another Employer), such Participant shall forfeit
all Bonus Points granted to the Participant.
	 
	7.	 	General Provisions.

	 	(a)	 	Nontransferability. Unless otherwise provided in an Award Agreement,
Bonus Points shall not be transferable by a Participant under any circumstances.
	 
	 	(b)	 	No Right to Continued Employment, etc. Nothing in the Plan or in any
Award Agreement entered into pursuant the Plan shall confer upon any Participant the
right to continue in the employ of or to be entitled to any remuneration or benefits
not set forth in the Plan or such Award Agreement, or to interfere with or limit in any
way the right of an Employer to terminate such Participant’s employment.
	 
	 	(c)	 	Taxes. The Company or any Affiliate is authorized to withhold from any
payment relating to Bonus Points under the Plan amounts of withholding and other taxes
due to enable the Company and Participants to satisfy obligations for the payment of
withholding taxes and other tax obligations.
	 
	 	(d)	 	Excise Tax. To the extent that, in the Committee’s determination,
payment to a Participant in respect of his or her Bonus Points would result in
application of an excise tax to the Participant pursuant to Section 4999 of the Code,
then the payment shall be reduced to such extent to avoid the application of such
excise tax; provided that the Company shall use its reasonable best efforts to
obtain shareholder approval of the payment in respect of Bonus Points in a manner
intended to satisfy requirements of the “shareholder approval” exception to Section
280G of the Code and the regulations promulgated thereunder, such that payment may be
made to the Participant in respect of his or her Bonus Points without the application
of the excise tax.
	 
	 	(e)	 	Amendment and Termination. The Plan shall take effect on the date of
its adoption by CVR GP. CVR GP may at any time and from time to time alter, amend,
suspend, or terminate the Plan in whole or in part, including but not limited to,
amending the Plan and awards to alter the structure of the Plan if CVR GP determines
that the Plan is not meeting its objectives. Following any amendment of the Plan,
Participants will have only such rights as are provided under such amended Plan and in
the event of the termination of the Plan, Participants will have only such rights, if
any, as are provided in connection with such termination.
	 
	 	(f)	 	No Rights to Awards; No Stockholder or Member Rights. No Participant
shall have any claim to be granted any Bonus Points under the Plan, and there is no
obligation for uniformity of treatment of Participants. A Participant or a

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	 	 	transferee of Bonus Points shall have no rights as a stockholder or member of the
Company, an Employer or any Affiliate of any of them.
	 
	(g)	 	Unfunded Status of Awards. The Plan is intended to constitute an
“unfunded” plan for incentive compensation. With respect to any payments not yet made
to a Participant pursuant to an award, nothing contained in the Plan or any Award
Agreement shall give any such Participant any rights that are greater than those of a
general creditor of the Company.
	 
	(h)	 	Governing Law. The Plan and all determinations made and actions taken
pursuant hereto shall be governed by the laws of the State of Delaware without giving
effect to the conflict of laws principles thereof.
	 
	(i)	 	Beneficiary. Upon the death of a Participant, all of his of her rights
under the Plan shall inure to his or her designated beneficiary or, if no beneficiary
has been designated for purposes of this Plan, to his or her estate.
	 
	(j)	 	No Guarantee or Assurances. There can be no guarantee that any
Distributions will occur under the Parent LLC Agreement or that any payment to any
Participant will result under the Plan.
	 
	(k)	 	Expiration of Plan. Unless otherwise determined by CVR GP, the Plan
shall expire on [                    ], 2017 and all outstanding Bonus Points shall then expire
and be forfeited with no consideration paid in respect of such forfeiture.

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EXHIBIT A

Plan Definitions

For purposes of the Plan, the following terms shall be defined as set forth below.

“Affiliate” shall have the meaning set forth in Rule 12b-2 promulgated under Section 12 of
the Securities Exchange Act of 1934.

“Award Agreement” means any written agreement, contract, or other instrument or document
evidencing a grant of Bonus Points.

“Bonus Points” means points available for allocation to Participants by the Committee. Each
Bonus Point represents a right to receive payment from the Bonus Pool, if any, established
upon a Distribution on the terms and conditions set forth herein.

“Code” means the Internal Revenue Code of 1986, as amended from time to time.

“Committee” means the compensation committee of CVR GP, or if there is no such committee,
CVR GP.

“Company” means Coffeyville Resources Nitrogen Fertilizers, LLC, a Delaware limited
liability company and wholly owned subsidiary of the MLP, or any successor corporation.

“CVR GP” means CVR GP, LLC, a Delaware limited liability company and general partner of the
MLP.

“Distributions” means distributions to Members pursuant to the Parent LLC Agreement in
excess of distributions to Members of amounts representing all capital contributions made by
the Members to Parent.

“Employer” means the Company or any Affiliate of the Company or any entity providing
services to the MLP or the Company.

“Members” has the meaning given to such term in Section 1 of this Plan.

“MLP” means CVR Partners, LP.

“MLP Agreement” means the Agreement of Limited Partnership of CVR Partners, LP, dated as of
[                    ], 2007, as may be amended and/or restated from time to time.

“Parent” means Coffeyville Acquisition III LLC.

“Parent LLC Agreement” means the limited liability company agreement of Parent, dated as of
[                    ], 2007.

“Participant” means an individual who has been granted Bonus Points pursuant to the Plan and
who continues to hold Bonus Points.

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     “Plan” means this CVR GP, LLC Profit Bonus Plan, as amended from time to time.

6EX-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”), CVR LP, LLC, a Delaware limited liability company (the “Organizational Limited
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, the Special General Partner and the Organizational
Limited 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. CR formed the Organizational Limited Partner under the terms of the Delaware LLC Act
and contributed $1,000 to the Organizational Limited Partner in exchange for all of the
member interests in the Organizational Limited Partner.

     4. The Managing General Partner, the Special General Partner and the Organizational
Limited Partner formed the Partnership under the terms of the Delaware LP Act and (a) the
Managing General Partner contributed $1000 to the Partnership in exchange for a managing
general partner interest in the Partnership, (b) the Special General Partner contributed
$1000 to the Partnership in exchange for a non-managing

 

 

general partner interest in the Partnership and (c) the Organizational Limited Partner
contributed $1000 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. CR will convey:

     (a)
99.9% of the Fertilizer Interests 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

     (b)
0.1% of the Fertilizer Interests to the Partnership, on behalf of the
Organizational Limited Partner, in exchange for 30,333 Special LP Units,
representing a 0.1% limited partner interest in the Partnership.

     2. As additional consideration for the Fertilizer Interests, the Partnership will issue
a $75 million intercompany note to CR (the “Intercompany Note”).

     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.

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

     “Coffeyville Credit Agreement” has the meaning as set forth in the Partnership
Agreement.

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

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     “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.

     “Effective Time” means 8:00 a.m. prevailing Eastern Time on                     , 2007.

     “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.

     “Intercompany Note” has the meaning set forth in the recitals of this
Agreement.

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

     “Managing General Partner Interest” has the meaning as set forth in the
Partnership Agreement.

     “Organizational Limited 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.

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

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

     “Special GP Units” has the meaning as set forth in the Partnership Agreement.

     “Special LP Units” has the meaning as set forth in the Partnership Agreement.

ARTICLE II

CONTRIBUTION

     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

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use forever, on behalf of the Managing General Partner, the Special General Partner and the
Organizational Limited Partner as described in the recitals hereto, in exchange for (a) the issuance
to the Special General Partner of 30,303,000 Special GP Units, representing a 99.9% general partner
interest in the Partnership, (b) the issuance to the Organizational Limited Partner of 30,333
Special LP Units, representing a 0.1% limited partner interest in the Partnership and (c) the
issuance of the Intercompany Note, 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 the Organizational Limited Partner promptly following the issuance of Special GP Units
and Special LP Units described above.

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.

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 the managing underwriter or
initial purchaser, as applicable.

     Section 4.2 Actions in Connection with Initial Offering.
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.

     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

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Partner or (y)
a primary offering of Units by the Partnership where the use of proceeds is to redeem an equal
number of Units (Common Units first, then Subordinated Units to the extent the Special General
Partner no longer has Common 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) (each a “Special GP
Offering”), provided that in either case the number of Units associated with the Special GP
Offering is reasonably expected by the Managing General Partner, at the time of filing of the
initial registration statement or first distribution of the offering memorandum, as applicable, to
generate up to $100 million in net proceeds to the Special General Partner (excluding any net
proceeds from the exercise of any Over-Allotment Option); provided, that without the Special
General Partner’s consent the Special GP Offering may not be consummated if the net proceeds to the
Special General Partner are less than $10 per Unit.

     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 Agreement and CR’s 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 Agreement 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. In order to effect the
Requested Modifications, CR may require that (A) the Initial Offering include a Special GP Offering
generating at least $140 million in net proceeds to the Special General Partner and (B) the
Partnership repay the Intercompany Note in full immediately prior to, or concurrently with, the
closing of the Initial Offering.

     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).

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     Section 4.3 Managing
General Partner Put Right. If the Initial Offering is not consummated by the second anniversary of the date hereof,
the Managing General Partner shall have the right to require CR to purchase the Managing General
Partner Interest (the “Put Right”). The Put Right shall expire on the earlier of (i) the
fifth anniversary of the date hereof 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 date hereof, 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, which, in turn, may rely on other experts, and the determination of which
shall be conclusive. 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, such third
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 the Coffeyville Credit
Agreement) no longer applied.

     Section 4.6 Substantive
Restructuring of Coffeyville Credit Agreement.
If CR materially amends, or amends and restates, the 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.

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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 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

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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.”

     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

8

 

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
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]

9

 

     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:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	CVR LP, LLC
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	Name:
	 

	 	 	 	Title:

CVR Partners LP

Contribution, Conveyance and Assumption Agreement

Signature Page

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