Document:

exv10w5wb

Exhibit 10.5(b)

SECOND AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

          SECOND AMENDMENT, dated as of October 11, 2005 (this “Amendment”), to
the AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 28, 2005 (as
amended by the First Amendment dated as of August 18, 2005 and as further
amended, supplemented or otherwise modified in writing from time to time, the
“Credit Agreement”), among MAPCO EXPRESS, INC., a Delaware corporation (the
“Borrower”), the several banks and other financial institutions or entities from
time to time parties to the Agreement (the “Lenders”), LEHMAN BROTHERS INC., as
advisor, sole lead arranger and sole bookrunner (in such capacity, the
“Arranger”), SUNTRUST BANK, as syndication agent (in such capacity, the
“Syndication Agent”), BANK LEUMI USA, as co-administrative agent (in such
capacity, the “Co-Administrative Agent”), and LEHMAN COMMERCIAL PAPER INC., as
administrative agent (in such capacity, the “Administrative Agent”).

WITNESSETH:

          WHEREAS, the parties hereto desire to amend the Credit Agreement on
the terms and subject to the conditions set forth herein;

          WHEREAS, the Borrower has requested that Lehman Commercial Paper Inc.
(the “Swing Line Lender”) make available swing line loans under the Revolving
Credit Commitments (“Swing Line Loans”);

          WHEREAS, the Borrower and the Lenders wish to amend the Agreement to
permit the borrowing by the Borrower of the Swing Line Loans; and

          WHEREAS, the Lenders have agreed to make such amendments solely upon
the terms and conditions provided for in this Amendment;

          NOW, THEREFORE, in consideration of the premises herein contained and
for other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows:

          1. Defined Terms. Unless otherwise noted herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the
Credit Agreement.

          2. Amendments to Table of Contents to the Credit Agreement. The list
of Exhibits in the Table of Contents to the Credit Agreement is hereby amended
by inserting “G-3 Form of Swing Line Note” in the appropriate order.

          3. Amendments to Section 1.1 of the Credit Agreement (Defined Terms).
(a) Section 1.1 (a) of the Credit Agreement is hereby amended by inserting the
words “(including Swing Line Loans)” after the words “Revolving Credit Facility”
in the definition of “Applicable Margin”.

 

 

          (b) Section 1.1(a) of the Credit Agreement is hereby further amended
by inserting the following at the end of the definition of “Available Revolving
Credit Commitment”:

“; provided, that in calculating any Lender’s Revolving Extensions of
Credit for the purpose of determining such Lender’s Available Revolving
Credit Commitment pursuant to Section 2.7(a), the aggregate principal
amount of Swing Line Loans then outstanding shall be deemed to be zero”.

          (c) Section 1.1(a) of the Credit Agreement is hereby further amended
by inserting the words “or Swing Line Loans” after the words “Revolving Credit
Loans” in the definition of “Consolidated Current Liabilities”.

          (d) Section 1.1(a) of the Credit Agreement is hereby further amended
by inserting the words “and Swing Line Loans” after the words “Revolving Credit
Loans” in clause (b)(iii) of the definition of “Excess Cash Flow”.

          (e) Section 1.1(a) of the Credit Agreement is hereby further amended
by inserting “and any Swing Line Loan” after the words “Base Rate Loan” in
clause (d) of the definition of “Interest Payment Date”.

          (f) Section 1.1(a) of the Credit Agreement is hereby further amended
by inserting the words “and Swing Line Loans” after the words “Letters of
Credit” in the definition of “Revolving Credit Commitment”.

          (g) Section 1.1(a) of the Credit Agreement is hereby further amended
by (x) deleting the word “and” at the end of clause (a) of the definition of
“Revolving Extensions of Credit” and substituting in lieu thereof”,”, (y)
deleting the period at the end of clause (b) of the definition of “Revolving
Extensions of Credit” and substituting in lieu thereof the word “and”, and (z)
inserting the following at the end of the definition of “Revolving Extensions of
Credit”:

“and (c) such Lender’s Revolving Credit Percentage of the aggregate
principal amount of Swing Line Loans then outstanding.”

          (h) Section 1.1 of the Credit Agreement is hereby further amended by
inserting the following new definitions in the appropriate alphabetical order:

          “Refunded Swing Line Loans”: as defined in Section 2.24(b).

          “Swing Line Commitment”: the obligation of the Swing Line Lender to
make Swing Line Loans pursuant to Section 2.23 in an aggregate principal amount
at any one time outstanding not to exceed $5,000,000.

          “Swing Line Lender”: Lehman Commercial Paper Inc., in its capacity as
the lender of Swing Line Loans.

          “Swing Line Loans”: as defined in Section 2.23(a).

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          “Swing Line Note”: as defined in Section 2.6(e).

          “Swing Line Participation Amount”: as defined in Section 2.24(c).

          4. Amendment to Section 2 of the Credit Agreement (Amount and Terms of
Commitments). Section 2 of the Credit Agreement is hereby amended by inserting
the following new Sections 2.23 and 2.24 to the Credit Agreement in the
appropriate order:

     “2.23 Swing Line Commitment. (a) Subject to the terms and conditions
hereof, the Swing Line Lender agrees that, during the Revolving Credit
Commitment Period, it will make available to the Borrower in the form of
swing line loans (“Swing Line Loans”) a portion of the credit otherwise
available to the Borrower under the Revolving Credit Commitments; provided
that (i) the aggregate principal amount of Swing Line Loans outstanding at
any time shall not exceed the Swing Line Commitment then in effect
(notwithstanding that the Swing Line Loans outstanding at any time, when
aggregated with the Swing Line Lender’s other outstanding Revolving Credit
Loans hereunder, may exceed the Swing Line Commitment then in effect or
such Swing Line Lender’s Revolving Credit Commitment then in effect) and
(ii) the Borrower shall not request, and the Swing Line Lender shall not
make, any Swing Line Loan if, after giving effect to the making of such
Swing Line Loan, the aggregate amount of the Available Revolving Credit
Commitments would be less than zero. During the Revolving Credit Commitment
Period, the Borrower may use the Swing Line Commitment by borrowing,
repaying and reborrowing, all in accordance with the terms and conditions
hereof. Swing Line Loans shall be Base Rate Loans only.

     (b) The Borrower shall repay each outstanding Swing Line Loan on the
date that is the earlier of (x) the Revolving Credit Termination Date and
(y) the date that is the seventh Business Day after the date on which such
Swing Line Loan is made.”

     “2.24 Procedure for Swing Line Borrowing; Refunding of Swing Line
Loans. (a) The Borrower may borrow under the Swing Line Commitment on any
Business Day during the Revolving Credit Commitment Period, provided, the
Borrower shall give the Swing Line Lender irrevocable telephonic notice
confirmed promptly in writing by facsimile (which written facsimile notice
must be received by the Swing Line Lender not later than 1:00 P.M., New
York City time, on the proposed Borrowing Date), specifying (i) the amount
to be borrowed and (ii) the requested Borrowing Date. Each borrowing under
the Swing Line Commitment shall be in an amount equal to $500,000 or a
whole multiple of $100,000 in excess thereof. Not later than 3:00 P.M., New
York City time, on the Borrowing Date specified in the borrowing notice in
respect of any Swing Line Loan, the Swing Line Lender shall make available
to the Administrative Agent at the Funding Office an amount in immediately
available funds equal to the amount of such Swing Line Loan. The
Administrative Agent shall make the proceeds of such Swing Line Loan
available to the Borrower not later than 3:00 P.M., New York City time, on
such Borrowing Date in like funds as received by the Administrative Agent.

     (b) The Swing Line Lender, at any time and from time to time in its
sole and absolute discretion may, on behalf of the Borrower (which hereby
irrevocably directs the

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Swing Line Lender to act on its behalf), on one Business Day’s notice given
by the Swing Line Lender no later than 12:00 Noon, New York City time,
request each Revolving Credit Lender to make, and each Revolving Credit
Lender hereby agrees to make, a Revolving Credit Loan (which shall
initially be a Base Rate Loan), in an amount equal to such Revolving Credit
Lender’s Revolving Credit Percentage of the aggregate amount of the Swing
Line Loans (the “Refunded Swing Line Loans”) outstanding on the date of
such notice, to repay the Swing Line Lender. Each Revolving Credit Lender
shall make the amount of such Revolving Credit Loan available to the
Administrative Agent at the Funding Office in immediately available funds,
not later than 10:00 A.M., New York City time, one Business Day after the
date of such notice. The proceeds of such Revolving Credit Loans shall be
made immediately available by the Administrative Agent to the Swing Line
Lender for application by the Swing Line Lender to the repayment of the
Refunded Swing Line Loans.

     (c) If prior to the time a Revolving Credit Loan would have otherwise
been made pursuant to Section 2.24(b), one of the events described in
Section 8(f) shall have occurred and be continuing with respect to the
Borrower, or if for any other reason, as determined by the Swing Line
Lender in its sole discretion, Revolving Credit Loans may not be made as
contemplated by Section 2.24(b), each Revolving Credit Lender shall, on the
date such Revolving Credit Loan was to have been made pursuant to the
notice referred to in Section 2.24(b) (the “Refunding Date”), purchase for
cash an undivided participating interest in the then outstanding Swing Line
Loans by paying to the Swing Line Lender an amount (the “Swing Line
Participation Amount”) equal to (i) such Revolving Credit Lender’s
Revolving Credit Percentage times (ii) the sum of the aggregate principal
amount of Swing Line Loans then outstanding which were to have been repaid
with such Revolving Credit Loans.

     (d) Whenever, at any time after the Swing Line Lender has received
from any Revolving Credit Lender such Lender’s Swing Line Participation
Amount, the Swing Line Lender receives any payment on account of the Swing
Line Loans, the Swing Line Lender will distribute to such Lender its Swing
Line Participation Amount (appropriately adjusted, in the case of interest
payments, to reflect the period of time during which such Lender’s
participating interest was outstanding and funded and, in the case of
principal and interest payments, to reflect such Lender’s pro rata portion
of such payment if such payment is not sufficient to pay the principal of
and interest on all Swing Line Loans then due); provided, however, that in
the event that such payment received by the Swing Line Lender is required
to be returned, such Revolving Credit Lender will return to the Swing Line
Lender any portion thereof previously distributed to it by the Swing Line
Lender.

     (e) Each Revolving Credit Lender’s obligation to make the Loans
referred to in Section 2.24(b) and to purchase participating interests
pursuant to Section 2.24(c) shall be absolute and unconditional and shall
not be affected by any circumstance, including, without limitation, (i) any
setoff, counterclaim, recoupment, defense or other right which such
Revolving Credit Lender or the Borrower may have against the Swing Line
Lender, the Borrower or any other Person for any reason whatsoever; (ii)
the occurrence or continuance of a Default or an Event of Default or the
failure to satisfy any of the other conditions specified in Section 5;
(iii) any adverse change in the condition (financial or

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otherwise) of the Borrower; (iv) any breach of this Agreement or any other
Loan Document by the Borrower, any other Loan Party or any other Revolving
Credit Lender; or (v) any other circumstance, happening or event
whatsoever, whether or not similar to any of the foregoing.”

          5. Amendment to Section 2.4(a) of the Credit Agreement (Revolving
Credit Commitments). Section 2.4(a) of the Credit Agreement is hereby amended by
deleting it in its entirety and substituting in lieu therefore the following new
Section 2.4(a):

     “(a) Subject to the terms and conditions hereof, the Revolving Credit
Lenders severally agree to make revolving credit loans (“Revolving Credit
Loans”) to the Borrower from time to time during the Revolving Credit
Commitment Period in an aggregate principal amount at any one time
outstanding for each Revolving Credit Lender which, when added to such
Lender’s Revolving Credit Percentage of the sum of (i) the L/C Obligations
then outstanding and (ii) the aggregate principal amount of the Swing Line
Loans then outstanding, does not exceed the amount of such Lender’s
Revolving Credit Commitment. During the Revolving Credit Commitment Period
the Borrower may use the Revolving Credit Commitments by borrowing,
prepaying the Revolving Credit Loans in whole or in part, and reborrowing,
all in accordance with the terms and conditions hereof. The Revolving
Credit Loans may from time to time be Eurodollar Loans or Base Rate Loans,
as determined by the Borrower and notified to the Administrative Agent in
accordance with Sections 2.5 and 2.11, provided that no Revolving Credit
Loan shall be made as a Eurodollar Loan after the day that is one month
prior to the Revolving Credit Termination Date.”

          6. Amendment to Section 2.5 of the Credit Agreement (Procedure for
Revolving Credit Borrowing). Section 2.5 of the Credit Agreement is hereby
amended by inserting the following at the end of the third sentence thereof:

“; provided, that the Swing Line Lender may request, on behalf of the
Borrower, borrowings of Base Rate Loans under the Revolving Credit
Commitments in other amounts pursuant to Section 2.24”.

          7. Amendments to Section 2.6 of the Credit Agreement (Repayment of
Loans; Evidence of Debt). (a) Section 2.6(a) of the Credit Agreement is hereby
amended by (x) deleting the word “and” at the end of clause (i) in the first
sentence of Section 2.6(a) and substituting in lieu thereof”,”, (y) deleting the
period at the end of clause (ii) in the first sentence of Section 2.6(a) and
substituting in lieu thereof the word “and”, and (z) inserting the following at
the end of the first sentence of Section 2.6(a):

“and (iii) the then unpaid principal amount of each Swing Line Loan of such
Swing Line Lender on the Revolving Credit Termination Date (or on such
earlier date on which the Loans become due and payable pursuant to Section
8).”

          (b) Section 2.6(e) of the Credit Agreement is hereby amended by
deleting it in its entirety and substituting in lieu therefore the following new
Section 2.6(e):

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     “(e) The Borrower agrees that, upon the request to the Administrative
Agent by any Lender, the Borrower will promptly execute and deliver to such
Lender a promissory note of the Borrower evidencing any Term Loans,
Revolving Credit Loans or Swing Line Loans, as the case may be, of such
Lender, substantially in the forms of Exhibit G-l, G-2 or G-3, respectively
(a “Term Note”, “Revolving Credit Note” or “Swing Line Note”,
respectively), with appropriate insertions as to date and principal amount;
provided, that delivery of Notes shall not be a condition precedent to the
occurrence of the Effective Date or the making of the Loans or issuance of
Letters of Credit on the Effective Date.”

          8. Amendment to Section 2.8 of the Credit Agreement (Termination or
Reduction of Revolving Credit Commitments). Section 2.8 of the Credit Agreement
is hereby amended by inserting the words “and Swing Line Loans” after the words
“Revolving Credit Loans”.

          9. Amendment to Section 2.9 of the Credit Agreement (Optional
Prepayments). Section 2.9 of the Credit Agreement is hereby amended by deleting
it in its entirety and substituting in lieu therefore the following new Section
2.9:

     “2.9 Optional Prepayments. The Borrower may at any time and from time
to time prepay the Loans, in whole or in part, without premium or penalty
(except as otherwise provided herein), upon irrevocable notice delivered to
the Administrative Agent no later than 12:00 noon, New York City time,
three Business Days prior thereto in the case of Eurodollar Loans and no
later than 12:00 noon, New York City time, one Business Day prior thereto
in the case of Base Rate Loans, which notice shall specify the date and
amount of such prepayment, whether such prepayment is of Term Loans or
Revolving Credit Loans, and whether such prepayment is of Eurodollar Loans
or Base Rate Loans; provided, that (i) if a Eurodollar Loan is prepaid on
any day other than the last day of the Interest Period applicable thereto,
the Borrower shall also pay any amounts owing pursuant to Section 2.19 and
(ii) no prior notice is required for the prepayment of Swing Line Loans.
Upon receipt of any such notice the Administrative Agent shall promptly
notify each relevant Lender thereof. If any such notice is given, the
amount specified in such notice shall be due and payable on the date
specified therein, together with (except in the case of Revolving Credit
Loans that are Base Rate Loans and Swing Line Loans) accrued interest to
such date on the amount prepaid. Partial prepayments of Term Loans and
Revolving Credit Loans shall be in an aggregate principal amount of
$500,000 or a whole multiple thereof. Partial prepayments of Swing Line
Loans shall be in an aggregate principal amount of $100,000 or a whole
multiple thereof.”

          10. Amendment to Section 2.16 of the Credit Agreement (Pro Rata
Treatment and Payments). Section 2.16(d) of the Credit Agreement is hereby
amended by deleting the parenthetical in the second sentence thereof and
substituting in lieu therefore the following:

“(except in the case of Swing Line Loans and Revolving Credit Loans that
are Base Rate Loans)”.

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          11. Amendment to Section 3.5 of the Credit Agreement (Reimbursement
Obligations of the Borrowers). Section 3.5 of the Credit Agreement is hereby
amended by deleting it in its entirety and substituting in lieu therefore the
following new Section 3.5:

     “3.5 Reimbursement Obligations of the Borrower. The Borrower agrees to
reimburse each Issuing Lender, on each date on which such Issuing Lender
notifies the Borrower of the date and amount of a draft presented under any
Letter of Credit and paid by such Issuing Lender, for the amount of (a)
such draft so paid and (b) any taxes, fees, charges or other costs or
expenses incurred by such Issuing Lender in connection with such payment
(the amounts described in the foregoing clauses (a) and (b) in respect of
any drawing, collectively, the “Payment Amount”). Each such payment shall
be made to such Issuing Lender at its address for notices specified herein
in lawful money of the United States of America and in immediately
available funds. Interest shall be payable on each Payment Amount from the
date of the applicable drawing until payment in full at the rate set forth
in (i) until the second Business Day following the date of the applicable
drawing, Section 2.13(b) and (ii) thereafter, Section 2.13(c). Each drawing
under any Letter of Credit shall (unless an event of the type described in
clause (i) or (ii) of Section 8(f) shall have occurred and be continuing
with respect to the Borrower, in which case the procedures specified in
Section 3.4 for funding by L/C Participants shall apply) constitute a
request by the Borrower to the Administrative Agent for a borrowing
pursuant to Section 2.5 of Base Rate Loans (or, at the option of the
Administrative Agent and the Swing Line Lender in their sole discretion, a
borrowing pursuant to Section 2.24 of Swing Line Loans) in the amount of
such drawing. The Borrowing Date with respect to such borrowing shall be
the first date on which a borrowing of Revolving Credit Loans (or, if
applicable, Swing Line Loans) could be made, pursuant to Section 2.5 (or,
if applicable, Section 2.24), if the Administrative Agent had received a
notice of such borrowing at the time the Administrative Agent receives
notice from the relevant Issuing Lender of such drawing under such Letter
of Credit.”

          12. Amendment to Section 4.16 of the Credit Agreement (Use of
Proceeds). Section 4.16 of the Credit Agreement is hereby amended by deleting
the second sentence thereof and substituting in lieu therefore the following:

“The proceeds of the Revolving Credit Loans and the Swing Line Loans, and
the Letters of Credit shall be used for general corporate purposes;
provided that, up to $10,000,000 of Revolving Credit Loans may be borrowed
on the Effective Date to finance a portion of the Transactions, the Delek
US Dividend and to pay related fees and expenses.”

          13. Amendment to Section 10.1 of the Credit Agreement (Amendments and
Waivers). Section 10.1 of the Credit Agreement is hereby amended by (a) deleting
the “or” at the end of clause (vii) to the proviso in the first paragraph of
Section 10.1, (b) deleting the period at the end of clause (viii) to the proviso
in the first paragraph of Section 10.1 and substituting in lieu thereof”; or”
and (c) inserting the following new clause (ix) to the proviso in the first
paragraph of Section 10.1 in the appropriate order:

     “(ix) amend, modify or waive any provision of Section 2.23 or 2.24
without the consent of the Swing Line Lender.”

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          14. Amendment to Section 10.6 of the Credit Agreement (Successors and
Assigns; Participations and Assignments). Section 10.6(c) of the Credit
Agreement is hereby amended by (a) inserting the words “and the Swing Line
Lender” after the words “the written consent of the Issuing Lender”, and (b)
deleting the words “(and, where the consent of the Borrower, the Administrative
Agent or the Issuing Lender is required pursuant to the foregoing provisions, by
the Borrower and such other Persons)” and substituting in lieu thereof the words
“(and, where the consent of the Borrower, the Administrative Agent, the Issuing
Lender or the Swing Line Lender is required pursuant to the foregoing
provisions, by the Borrower and such other Persons)”.

          15. Amendment to Exhibits to Credit Agreement (Form of Swing Line
Note). The Credit Agreement is hereby amended by inserting Annex I to this
Amendment as the new Exhibit G-3 to the Credit Agreement in the appropriate
order.

          16. Conditions to Effectiveness. This Amendment shall become effective
upon the date (the “Amendment Effective Date”) on which the Administrative Agent
shall have received:

     (a) This Amendment, executed and delivered by a duly authorized
officer of the Borrower.

     (b) The Administrative Agent shall have received an Acknowledgment and
Consent, substantially in the form of Exhibit A hereto, duly executed and
delivered by each Grantor (as defined in the Guarantee and Collateral
Agreement) and Delek US Holdings, Inc.

     (c) A Lender Consent Letter, substantially in the form of Exhibit B (a
“Lender Consent Letter”), duly executed and delivered by the Required
Lenders.

     (d) The Administrative Agent shall have received all fees required to
be paid, and all expenses for which invoices have been presented supported
by customary documentation (including reasonable fees, disbursements and
other charges of counsel to the Administrative Agent), on or before the
Amendment Effective Date.

     (e) On or before the Amendment Effective Date, all corporate and other
proceedings taken or to be taken in connection with this Amendment shall be
reasonably satisfactory in form and substance to Administrative Agent and
its counsel, and Administrative Agent and such counsel shall have received
all such counterpart originals or certified copies of such documents as
Administrative Agent may reasonably request.

          17. Representations and Warranties. The Borrower hereby represents and
warrants to the Administrative Agent and each Lender that (before and after
giving effect to this Amendment):

     (a) The Borrower has the corporate power and authority, and the legal
right, to make, deliver and perform this Amendment and to borrow under the
Credit Agreement as amended hereby. The Borrower has taken all necessary
corporate or other action to authorize the execution, delivery and
performance of this Amendment and the

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borrowings on the terms and conditions of the Credit Agreement as amended
by this Amendment (the “Amended Credit Agreement”). No consent or
authorization of, filing with, notice to or other act by or in respect of,
any Governmental Authority or any other Person is required in connection
with this Amendment, the borrowings under the Amended Credit Agreement or
the execution, delivery, performance, validity or enforceability of this
Amendment, except (i) consents, authorizations, filings and notices which
have been obtained or made and are in full force and effect and (ii) the
filings referred to in Section 4.19 of the Credit Agreement. This Amendment
has been duly executed and delivered on behalf of the Borrower. Each of
this Amendment and the Amended Credit Agreement constitutes a legal, valid
and binding obligation of the Borrower, enforceable against the Borrower in
accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar
laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings
in equity or at law).

     (b) The execution, delivery and performance of this Amendment, the
borrowings under the Amended Credit Agreement and the use of the proceeds
thereof will not violate any Requirement of Law or any Contractual
Obligation of the Borrower or any of its Subsidiaries and will not result
in, or require, the creation or imposition of any Lien on any of their
respective properties or revenues pursuant to any Requirement of Law or any
such Contractual Obligation (other than the Liens created by the Security
Documents).

     (c) Each of the representations and warranties made by any Loan Party
herein or in or pursuant to the Loan Documents is true and correct in all
material respects on and as of the Amendment Effective Date as if made on
and as of such date (except that any representation or warranty which by
its terms is made as of an earlier date shall be true and correct in all
material respects as of such earlier date).

     (d) The Borrower and the other Loan Parties have performed in all
material respects all agreements and satisfied all conditions which this
Amendment and the other Loan Documents provide shall be performed or
satisfied by the Borrower or the other Loan Parties on or before the
Amendment Effective Date.

     (e) After giving effect to this Amendment, no Default or Event of
Default has occurred and is continuing, or will result from the
consummation of the transactions contemplated by this Amendment.

          18. Payment of Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its reasonable out-of-pocket costs and expenses
incurred in connection with this Amendment, any other documents prepared in
connection herewith and the transactions contemplated hereby, including, without
limitation, the reasonable fees and disbursements of counsel to the
Administrative Agent.

          19. Limited Effect. Except as expressly provided hereby, all of the
terms and provisions of the Credit Agreement and the other Loan Documents are
and shall remain in full

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force and effect. The amendments contained herein shall not be construed as a
waiver or amendment of any other provision of the Credit Agreement or the other
Loan Documents or for any purpose except as expressly set forth herein or a
consent to any further or future action on the part of the Borrower that would
require the waiver or consent of the Administrative Agent or the Lenders.

          20. GOVERNING LAW; Miscellaneous. (a) THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK.

          (b) This Amendment may be executed by one or more of the parties to
this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. A set of the copies of this Amendment and the Lender Consent Letters
signed by all the parties shall be lodged with the Borrower and the
Administrative Agent. Delivery of an executed signature page of this Agreement
or of a Lender Consent Letter by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof.

          (c) The execution and delivery of the Lender Consent Letter by any
Lender shall be binding upon each of its successors and assigns (including
assignees of its Loans in whole or in part prior to effectiveness hereof).

[Remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their respective proper and duly authorized
officers as of the day and year first above written.

	 	 	 	 	 
	 	MAPCO EXPRESS, INC., as Borrower

 	 
	 	By:  	/s/ Ed Morgan
 	 
	 	 	Name:  	Ed Morgan 	 
	 	 	Title:  	CFO 	 
	 
	 	 	 
	 	By:  	     /s/ Uzi Yemin
 	 
	 	 	Name:  	Uzi Yemin 	 
	 	 	Title:  	President 	 
	 
	 	LEHMAN COMMERCIAL PAPER INC., as

Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered by their respective proper and duly authorized
officers as of the day and year first above written.

	 	 	 	 	 
	 	MAPCO EXPRESS, INC., as Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LEHMAN COMMERCIAL PAPER INC., as

Administrative Agent

 	 
	 	By:  	/s/ V. Paul Arzouian
 	 
	 	 	Name:  	V. Paul Arzouian 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Second Amendment to Amended and Restated Credit Agreement]

 

 

ANNEX I

     EXHIBIT G-3

FORM OF SWING LINE NOTE

THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH
THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE AND THE
OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE
AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT.

			
	$5,000,000
	 	New York, New York

                          , 2005

          FOR VALUE RECEIVED, the undersigned, MAPCO Express, Inc., a Delaware corporation (the
“Borrower”), hereby unconditionally promises to pay to Lehman Commercial Paper Inc. (the
“Swing Line Lender”) or its registered assigns at the Payment Office specified in the
Credit Agreement (as hereinafter defined) in lawful money of the United States and in immediately
available funds, on the Revolving Credit Termination Date the principal amount of (a) FIVE MILLION
DOLLARS ($5,000,000), or, if less, (b) the aggregate unpaid principal amount of all Swing Line
Loans made by the Swing Line Lender to the Borrower pursuant to Section 2.23 of the Credit
Agreement, as hereinafter defined, outstanding on such date. The Borrower further agrees to repay
each outstanding Swing Line Loan made by the Swing Line Lender on the date that is the earlier of
(x) the Revolving Credit Termination Date and (y) the date that is the seventh Business Day after
the date on which such Swing Line Loan is made. Furthermore, the Borrower agrees to pay interest in
like money at such office on the unpaid principal amount hereof from time to time outstanding at
the rates and on the dates specified in Section 2.13 of such Credit Agreement.

          The holder of this Note is authorized to indorse on the schedules annexed hereto and made a
part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the
date and amount of each Swing Line Loan made pursuant to the Credit Agreement and the date and
amount of each payment or prepayment of principal thereof. Each such indorsement shall constitute
prima facie evidence of the accuracy of the information indorsed. The failure to
make any such indorsement or any error in any such indorsement shall not affect the obligations of
the Borrower in respect of any Swing Line Loan.

          This Note (a) is the Swing Line Note referred to in the Amended and Restated Credit Agreement
dated as of April 28, 2005 (as amended by the First Amendment dated as of August 18, 2005 and as
further amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, the Swing Line Lender, the other Lenders parties thereto,
Lehman Commercial Paper Inc., as Administrative Agent, Lehman Brothers Inc., as Arranger, and
others, (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and
mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured
and guaranteed to the extent provided in the Loan Documents. Reference is hereby made to the Loan
Documents for a description of the properties and assets in which a

 

 

security interest has been granted, the nature and extent of the security and the guarantees, the
terms and conditions upon which the security interests and each guarantee were granted and the
rights of the holder of this Note in respect thereof.

          Upon the occurrence of any one or more of the Events of Default, all principal and all accrued
interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due
and payable, all as provided in the Credit Agreement.

          All parties now and hereafter liable with respect to this Note, whether maker, principal,
surety, guarantor, indorser or otherwise, hereby waive presentment, demand, protest and all other
notices of any kind.

          Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement.

          NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER
PROVISIONS OF SECTION 10.6 OF THE CREDIT AGREEMENT.

2

 

          THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK.

	 	 	 	 	 
	 	MAPCO EXPRESS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

ANNEX I

     Schedule A

to Swing Line Note

LOANS AND REPAYMENTS OF SWING LINE LOANS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	Amount of Principal of	 	Unpaid Principal Balance	 	 
	 	 	Amount of	 	Swing Line	 	of Swing	 	 
	Date	 	Swing Line Loans	 	Loans Repaid	 	Line Loans	 	Notation Made By
	 	 	 	 	 	 	 	 	 

 

 

EXHIBIT A

ACKNOWLEDGEMENT AND CONSENT

          Reference is made to the Second Amendment, dated as of October 11, 2005 (the
“Amendment”), to the Amended and Restated Credit Agreement, dated as of April 28, 2005 (as
amended by the First Amendment dated as of August 18, 2005 and as further amended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among MAPCO
EXPRESS, INC., a Delaware corporation (the “Borrower”), the several banks and other
financial institutions or entities from time to time parties thereto (the “Lenders”),
LEHMAN BROTHERS INC., as advisor, sole lead arranger and sole bookrunner (in such capacity, the
“Arranger”), SUNTRUST BANK, as syndication agent (in such capacity, the “Syndication
Agent”), BANK LEUMI USA, as co-administrative agent (in such capacity, the
“Co-Administrative Agent”), and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in
such capacity, the “Administrative Agent”). Unless otherwise defined herein, capitalized
terms used herein and defined in the Credit Agreement are used herein as therein defined.

          Each of the undersigned parties to the Guarantee and Collateral Agreement, dated as of April
28, 2005, and the other Security Documents hereby (a) consents to the transactions contemplated by
the Amendment and (b) acknowledges and agrees that the guarantees and grants of security interests
made by such party contained in the Guarantee and Collateral Agreement and the other Security
Documents are, and shall remain, in full force and effect after giving effect to the Amendment.

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgement and Consent to be duly
executed and delivered by their respective proper and duly authorized officers as of October 11,
2005.

	 	 	 	 	 
	 	DELEK US HOLDINGS, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	/s/
Edward Morgan
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	MAPCO EXPRESS, INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	       /s/ Edward Morgan
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature Page to Acknowledgement and Consent]

 

 

	 	 	 	 	 
	 	GASOLINE ASSOCIATED SERVICES, INC.

 	 
	 	By:  	 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	/s/ Edward Morgan
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	LIBERTY WHOLESALE CO., INC.

 	 
	 	By:  	 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	/s/ Edward Morgan
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WILLIAMSON OIL CO., INC.

 	 
	 	By:  	 
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	/s/ Edward Morgan
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature Page to Acknowledgement and Consent]

 

 

EXHIBIT B

LENDER CONSENT LETTER

MAPCO EXPRESS, INC.

CREDIT AGREEMENT

DATED AS OF APRIL 28, 2005

	To: 	 	 Lehman Commercial Paper Inc.,

as Administrative Agent

745 Seventh Avenue

Bank Loans — 16th Floor
 New York, New York 10019
 Attn: Brian McNany

Ladies and Gentlemen:

          Reference is made to the AMENDED AND RESTATED CREDIT
AGREEMENT, dated as of April 28, 2005 (as amended by the First Amendment dated as of August 18,
2005 and as further amended, supplemented or otherwise modified in writing from time to time, the
“Credit Agreement”), among MAPCO EXPRESS, INC., a Delaware corporation (the
“Borrower”), the several banks and other financial institutions or entities from time to
time parties to the Agreement (the “Lenders”), LEHMAN BROTHERS INC., as advisor, sole lead
arranger and sole bookrunner (in such capacity, the “Arranger”), SUNTRUST BANK, as
syndication agent (in such capacity, the “Syndication Agent”), BANK LEUMI USA, as
co-administrative agent (in such capacity, the “Co-Administrative Agent”), and LEHMAN
COMMERCIAL PAPER INC., as administrative agent (in such capacity, the “Administrative
Agent”). Unless otherwise defined herein, capitalized terms used herein and defined in the
Credit Agreement are used herein as therein defined.

          The Borrower has requested that the Required Lenders consent to amend the provisions of the
Credit Agreement solely on the terms described in the Second Amendment to
the Amended and Restated Credit Agreement, dated as of September      , 2005, substantially in
the form delivered to the undersigned Lender on or prior to the date hereof (the
“Amendment”).

 

 

          Pursuant to Section 10.1 of the Credit Agreement, the undersigned Lender hereby consents to
the execution by the Administrative Agent of the Amendment.

	 	 	 	 	 
	 	Very truly yours,

 

       
(NAME OF LENDER)

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Dated:                           , 2005

[Signature Page to Lender Consent Letter]

 

 

Accepted and agreed:

	 	 	 	 	 
	LEHMAN COMMERCIAL PAPER INC., as Administrative Agent

 	 	 
	By:  	 	 	 
	 	Name:  	 	 	 
	 	Title:  	Authorized Signatoryexv10w5wc

Exhibit 10.5(C)

EXECUTION VERSION

THIRD AMENDMENT TO

AMENDED AND RESTATED CREDIT AGREEMENT

          THIRD AMENDMENT, dated as of December 15, 2005 (this “Amendment”) to
the AMENDED AND RESTATED CREDIT AGREEMENT, dated as of April 28, 2005 (as
amended by the First Amendment, dated as of August 18, 2005, the Second
Amendment, dated as of October 11, 2005, and as further amended, supplemented or
otherwise modified from time to time, the “Credit Agreement”), among MAPCO
EXPRESS, INC., a Delaware corporation (the “Borrower”), the several banks and
other financial institutions or entities from time to time parties to the Credit
Agreement (the “Lenders”), LEHMAN BROTHERS INC., as advisor, sole lead arranger
and sole bookrunner (in such capacity, the “Arranger”), SUNTRUST BANK, as
syndication agent (in such capacity, the “Syndication Agent”), BANK LEUMI USA,
as co-administrative agent (in such capacity, the “Co-Administrative Agent”),
and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in such capacity, the
“Administrative Agent”).

WITNESSETH:

          WHEREAS, the Borrower intends to acquire (the “Acquisition”) certain
assets pursuant to the Purchase and Sale Agreement, dated as of November 3, 2005
(the “Acquisition Agreement”), among BP Products North America, Inc., as seller,
and Delek US Holdings, Inc., as purchaser, as amended, supplemented or otherwise
modified from time to time in accordance with the Credit Agreement;

          WHEREAS, the Borrower has requested that the Revolving Credit Facility
be increased by an amount equal to $30,000,000 to finance a portion of the
consideration for the Acquisition and to pay related fees and expenses;

          WHEREAS, the Lenders have agreed to permit the amount of the Revolving
Credit Facility to be increased on the terms and conditions set forth in this
Amendment and the Credit Agreement;

          WHEREAS, the Borrower requested the Lenders make certain other
amendments to the Credit Agreement on the terms and subject to the conditions
set forth herein; and

          WHEREAS, the Lenders have agreed to make such amendments solely upon
the terms and conditions provided for in this Amendment;

          NOW, THEREFORE, in consideration of the premises herein contained and
for other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereto agree as follows:

          1. Defined Terms. Unless otherwise noted herein, terms defined in the
Credit Agreement and used herein shall have the meanings given to them in the
Credit Agreement.

 

 

2. Amendment to Section 1.1 of the Credit Agreement (Defined Terms).
(a) Section 1.1 of the Credit Agreement is hereby amended by deleting the
definitions of “Facility,” “Majority Facility Lenders,” “Revolving Credit
Commitment,” “Term Loan Facility” and “Term Loan Lender,” in their respective
entireties and substituting in lieu thereof the following in the appropriate
alphabetical order:

          “Facility”: each of (a) the Term Loan Commitments and the Term
Loans made thereunder (the “Term Loan Facility”), (b) the Revolving Credit
Commitments and the extensions of credit made thereunder (the “Revolving
Credit Facility”) and (c) the Incremental Loans made pursuant to Section
2.25, if any, (the “Incremental Facility”).

          “Majority Facility Lenders”: with respect to any Facility, the
holders of more than 50% of (a) in the case of the Term Loan Facility, the
aggregate unpaid principal amount of the Term Loans other than the
Incremental Loans, (b) in the case of the Revolving Credit Facility, prior
to any termination of the Revolving Credit Commitments, the Total Revolving
Credit Commitments (or, if the Revolving Credit Commitments are no longer
in effect, the Total Revolving Extensions of Credit then outstanding) and
(c) in the case of the Incremental Loans, if any, the aggregate then unpaid
principal amount of the Incremental Loans.

          “Revolving Credit Commitment”: as to any Lender, the obligation
of such Lender, if any, to make Revolving Credit Loans and participate in
Letters of Credit and Swing Line Loans, in an aggregate principal and/or
face amount not to exceed the amount set forth under the heading “Revolving
Credit Commitment” opposite such Lender’s name on Schedule 1 to the Lender
Addendum or New Lender Supplement delivered by such Lender, or, as the case
may be, in the Assignment and Acceptance pursuant to which such Lender
became a party hereto, as the same may be changed from time to time
pursuant to the terms hereof and of the Third Amendment. The aggregate
amount of the Total Revolving Credit Commitments as of the Third Amendment
Effective Date is $70,000,000.

          “Term Loan Facilities”: the collective reference to the Term Loan
Facility and the Incremental Term Loan Facility.

          “Term Loan Lenders”: the collective reference to the Term Loan
Lenders and the Incremental Lenders, if any.

          (b) Section 1.1 of the Credit Agreement is hereby further amended by
deleting the percentage “30%” in clause (a) of the definition of “Change of
Control” and substituting in lieu thereof the percentage “35%.”

          (c) Section 1.1 of the Credit Agreement is hereby further amended by
amending the definition of “Consolidated EBITDA” as follows

 

 

(i) by deleting the word “and” at the end of paragraph (vii);

     (ii) by deleting the “.” at the end of paragraph (viii) and
substituting in lieu thereof the following “; and”; and

     (iii) by adding the following new paragraph:

          “(ix) solely for the purpose of determining Consolidated EBITDA
for the following periods, Consolidated EBITDA shall, without duplication,
be increased as a result of the Acquisition by amounts deemed attributable
to the assets acquired in the Acquisition: (w) for the four fiscal quarters
ended December 31, 2005 by an amount equal to $5,100,000, (x) for the four
fiscal quarters ended March 31, 2006 by an amount equal to $3,825,000, (y)
for the four fiscal quarters ended June 30, 2006 by an amount equal to
$2,550,000 and (z) for the four fiscal quarters ended September 30, 2006 by
an amount equal to $1,275,000.”

          (d) Section 1.1 of the Credit Agreement is hereby further amended by
inserting the following new definitions in the appropriate alphabetical order:

          “Acquisition”: as defined in the Third Amendment.

          “Acquisition Agreement”: as defined in the Third Amendment.

          “Acquisition Documentation”: collectively, the Acquisition
Agreement and all schedules, exhibits, annexes and amendments thereto and
all side letters and agreements affecting the terms thereof or entered into
in connection therewith.

          “Initial Term Loans”: a collective reference to the Term Loans
outstanding on the Effective Date.

          “Incremental
Facility”: as defined in the definition of “Facility” in this Section 1.1.

          “Incremental Lenders”: as defined in Section 2.25.

          “Incremental Loans”: as defined in Section 2.25.

          “New Lender Supplement”: with respect to each bank, financial
institution or other entity which shall become a Revolving Credit Lender
hereunder pursuant to Section 10 of the Third Amendment.

          “New Revolving Credit Lender”: as defined in Section 2.26(b).

          “Remaining Dollar-Years”: with respect to any Term Loan at any
date, the sum of the products obtained by multiplying (a) the amount of
each remaining scheduled payment of principal by (b) the number of years
(calculated to the nearest twelfth) which will elapse between such date and
the making of such payment.

 

 

“Revolving Commitment Increase Notice”: as defined in Section
2.26(a).

          “Revolving Credit Increase Effective Date”: as defined in Section
2.26(f).

          “Revolving Offered Increase Amount”: as defined in Section
2.26(a).

          “Third Amendment”: the Third Amendment to this Agreement, dated
as of December 15, 2005.

          “Third Amendment Effective Date”: the Third Amendment Effective
Date as defined in Section 11 of the Third Amendment, which date is
December 15, 2005.

          “Weighted Average Life to Maturity”: with respect to any Loan at
any date, the number of years obtained by dividing the Remaining
Dollar-Years of such Loan by the outstanding principal amount of such Loan.

          3. Amendment to Section 2 of the Credit Agreement. (a) Section 2 of
the Credit Agreement is hereby further amended by inserting the following new
Sections in the appropriate numerical order:

          “2.25 Incremental Loans. (a) At any time prior to the Revolving Credit
Termination Date, the Borrower may, by notice to the Administrative Agent
(which shall promptly deliver a copy to each of the Lenders), request the
addition of up to two new tranches of term loans (the “Incremental Loans”).
The Incremental Loans shall:

          (i) be in an aggregate principal amount up to $50,000,000 and be
made in up to two drawings, provided that, each borrowing shall be a
minimum amount of $20,000,000;

          (ii) unless otherwise provided in this Agreement, be Term Loans
for all purposes hereunder (including for purposes of sharing of
Collateral and guarantees under the Guarantee and Collateral Agreement
and for the purposes of any optional or mandatory prepayment);

          (iii) have such pricing as may be agreed by the Borrower and the
Lenders providing such Incremental Loans; provided that the applicable
margin for the Incremental Loans shall not exceed the Applicable
Margin then in effect for the Initial Term Loans plus 0.25%;

          (iv) have the same or longer Weighted Average Life to Maturity as
the Initial Term Loans; and

          (v) have a final maturity date occurring not earlier than the
date which, on the date the Incremental Loans are made, is the
scheduled final maturity date of the Initial Term Loans;

 

 

and shall otherwise have the same terms as the Term Loans (and, unless
otherwise noted in this Agreement, references to Term Loans shall be deemed
as the context requires to include references to the Incremental Loans).
The Borrower shall have the right to arrange for one or more banks or other
financial institutions (any such bank or other financial institution being
called an “Incremental Lender”) to extend commitments to provide
Incremental Loans in an aggregate amount equal to the amount, if any, by
which the commitments by the Lenders to provide such Incremental Loans are
less than the amount thereof requested by the Borrower, provided that, each
Incremental Lender shall be subject to the approval of the Borrower and the
Administrative Agent (which approval shall not be unreasonably withheld).
No Lender shall have any obligation to make an Incremental Loan unless and
until it commits to do so. Commitments in respect of Incremental Loans
shall become Commitments under this Agreement pursuant to an amendment to
this Agreement executed by each of the Borrower, each Lender agreeing to
provide such Commitment, each Incremental Lender, if any, and the
Administrative Agent, and such amendments to the other Loan Documents
(executed by the relevant Loan Party and the Administrative Agent only) as
the Borrower and the Administrative Agent shall reasonably deem appropriate
to effect such purpose. For the avoidance of doubt, no amendment executed
for the purpose of making Commitments in respect of Incremental Loans
Commitments under this Agreement, shall require, as a condition to its
effectiveness, the signature of any Lender that is not obligated to make an
Incremental Loan under such amendment. The effectiveness of such amendment
shall be subject to the satisfaction on the date thereof and, if different,
on the date on which the Incremental Loans are made, of each of the
conditions set forth in paragraphs (a) and (b) of Section 5.2.

     (b) Notwithstanding anything to the contrary contained in this
Agreement, (i) the Borrower may not make more than two requests pursuant to
Section 2.25 or pursuant to Section 2.26, provided that, it is understood
and agreed that the Borrower may, at its sole option, make one request
pursuant to each of Section 2.25 and Section 2.26 and (ii) the aggregate
amount of Incremental Loans requested by the Borrower pursuant to this
Section 2.25 plus the aggregate amount of increases of the Revolving Credit
Commitments pursuant to this Section 2.26 shall not exceed $50,000,000.

     2.26 Increases in Revolving Credit Commitments. (a) At any time prior
to the Revolving Credit Termination Date, so long as no Default or Event of
Default has occurred and is continuing, the Borrower may, by notice to the
Administrative Agent (a “Revolving Commitment Increase Notice”), which
notice shall promptly be copied to each Lender, request an increase in the
Total Revolving Credit Commitments in an aggregate principal amount up to
$50,000,000 (the “Revolving Offered Increase Amount”), provided that each
such Revolving Offered Increase Amount shall be in a minimum amount of not
less than $10,000,000. The Borrower may, at its election, (i) offer one or
more of the Revolving Credit Lenders the opportunity to provide all or a
portion of any Revolving Offered Increase Amount pursuant to subparagraph
(c) below and/or (ii) with the consent of the Swing Line Lender, each
Issuing Lender and the Administrative Agent (which consent shall not be
unreasonably withheld), offer one or more additional banks, financial
institutions or other entities the opportunity to provide all or a portion
of such Revolving Offered Increase Amount pursuant to subparagraph (b)

 

 

below. Each Revolving Commitment Increase Notice shall specify which
Revolving Credit Lenders and/or banks, financial institutions or other
entities the Borrower desires to provide such Revolving Offered Increase
Amount. The Borrower or, if requested by the Borrower, the Administrative
Agent will notify such Revolving Credit Lenders, and/or banks, financial
institutions or other entities.

          (b) Any additional bank, financial institution or other entity
that the Borrower selects to offer participation in any increased
Total Revolving Credit Commitments and that elects to become a party
to this Agreement and provide a Revolving Credit Commitment in an
amount so offered and accepted by it pursuant to clause (ii) of
Section 2.26(a) shall execute a New Lender Supplement with the
Borrower, the Swing Line Lender, each Issuing Lender and the
Administrative Agent, substantially in the form of Exhibit B to the
Third Amendment (a “New Lender Supplement”), whereupon such bank,
financial institution or other entity (herein called a “New Revolving
Credit Lender”) shall become a Revolving Credit Lender for all
purposes and to the same extent as if originally a party hereto and
shall be bound by and entitled to the benefits of this Agreement,
provided that the Revolving Credit Commitment of any such New
Revolving Credit Lender shall be in an amount not less than
$5,000,000.

          (c) Any Revolving Credit Lender that accepts an offer to it by
the Borrower to increase its Revolving Credit Commitment pursuant to
clause (i) of Section 2.26(a) shall, in each case, execute a
“Commitment Increase Supplement” with the Borrower, the Swing Line
Lender, each Issuing Lender and the Administrative Agent,
substantially in the form of Exhibit C to the Third Amendment,
whereupon such Revolving Credit Lender shall be bound by and entitled
to the benefits of this Agreement with respect to the full amount of
its Revolving Credit Commitment as so increased.

          (d) On any Revolving Credit Increase Effective Date, (i) each
bank, financial institution or other entity that is a New Revolving
Credit Lender pursuant Section 2.26(b) or any Revolving Credit Lender
that has increased its Revolving Credit Commitment pursuant to Section
2.26(c) shall make available to the Administrative Agent such amounts
in immediately available funds as the Administrative Agent shall
determine, for the benefit of the other relevant Revolving Credit
Lenders, as being required in order to cause, after giving effect to
such increase and the use of such amounts to make payments to such
other relevant Revolving Credit Lenders, each Revolving Credit
Lender’s portion of the outstanding Revolving Credit Loans of all the
Lenders to equal its Revolving Credit Percentage of such Revolving
Credit Loans and (ii) the Borrower shall be deemed to have repaid and
reborrowed all outstanding Revolving Credit Loans of all the Revolving
Credit Lenders to equal its Revolving Credit Percentage of such
outstanding Revolving Credit Loans as of the date of any increase in
the Revolving Credit Commitments (with such reborrowing to consist of
the Types of Loans, with related Interest Periods if applicable,
specified in a notice delivered by the Borrower in accordance with the
requirements of Section 2.5). The deemed payments made pursuant to
clause (ii) of the immediately preceding sentence in

 

 

respect of each Eurodollar Loan shall be subject to indemnification by
the Borrower pursuant to the provisions of Section 2.19 if the deemed
payment occurs other than on the last day of the related Interest
Periods.

          (e) Notwithstanding anything to the contrary in this Section
2.26, (i) in no event shall any transaction effected pursuant to this
Section 2.26 cause the sum of Total Revolving Credit Commitments and
outstanding Term Loans to exceed $285,000,000, (ii) subject to
Section 2.25(b), in no event may the Borrower deliver more than two Revolving
Commitment Increase Notices, (iii) subject to Section 2.25(b), in no
event shall there be more than two Revolving Credit Increase Effective
Dates and (iv) no Lender shall have any obligation to increase its
Revolving Credit Commitment unless it agrees to do so in its sole
discretion.

          (f) The increase in the Revolving Credit provided pursuant to
this Section 2.26 shall be effective on the date (the “Revolving
Credit Increase Effective Date”) the Administrative Agent, for the
benefit of the Lenders receives (i) a legal opinion of counsel to the
Borrower covering such matters as are customary for transactions of
this type and such other matters as may be reasonably requested by the
Administrative Agent and (ii) certified copies of resolutions of the
Borrower authorizing such Revolving Offered Increase Amount.”

          4. Amendment to Section 2.16 of the Credit Agreement (Pro Rata
Treatment and Payments). Section 2.16(b) of the Credit Agreement is hereby
amended by inserting the following new sentence at the beginning thereof:

“Each mandatory prepayment required by Section 2.10 to be applied to Term
Loans shall be allocated among the Term Loan Facilities pro rata according
to the respective outstanding principal amounts of Term Loans under such
Facilities. Each optional prepayment in respect of the Term Loans shall be
allocated among the Term Loan Facilities pro rata according to the
respective outstanding principal amounts of Term Loans under such
Facilities, except in the case of the prepayment and replacement of the
Term Loans under any Facility in the circumstances described in the last
paragraph of Section 10.1.”

          5. Amendments to Section 7.6 of the Credit Agreement (Limitation on
Restricted Payments). (a) Section 7.6(c) of the Credit Agreement is hereby
amended by deleting the amount “$100,000” and substituting in lieu thereof the
amount “$1,000,000.”

     (b) Section 7.6(e) of the Credit Agreement is hereby amended by
deleting the date “July 1, 2007” and substituting in lieu thereof the date
“July 1, 2006.”

          6. Amendment to Section 7.8 of the Credit Agreement (Limitation on
Investments). Section 7.8 is hereby amended by (i) deleting the word “and” at
the end of Section 7.8(f), (ii) deleting the period at the end of Section 7.8(g)
and substituting in lieu thereof the word “; and” and (iii) inserting in the
appropriate order the following new Section 7.8(h):

 

 

“(h) the Acquisition may be consummated on the Third Amendment
Effective Date.”

          7. Amendment to Section 7 of the Credit Agreement (Negative
Covenants). Section 7 of the Credit Agreement is hereby amended by inserting the
following new Section 7.18 in the appropriate numerical order:

     “7.18 Limitation on Amendments to Acquisition Documentation, (a)
Amend, supplement or otherwise modify (pursuant to a waiver or otherwise)
the terms and conditions of the indemnities and licenses furnished to the
Borrower or any of its Subsidiaries pursuant to the Acquisition
Documentation such that after giving effect thereto such indemnities or
licenses shall be materially less favorable to the interests of the Loan
Parties or the Lenders with respect thereto or (b) otherwise amend,
supplement or otherwise modify the terms and conditions of the Acquisition
Documentation except to the extent that any such amendment, supplement or
modification could not reasonably be expected to have a Material Adverse
Effect.”

          8. Amendment to Section 10.1 of the Credit Agreement (Amendments and
Waivers). Section 10.1 of the Credit Agreement is hereby amended by inserting
immediately following the second sentence thereof the following:

“In addition to the amendments described above, and notwithstanding
anything in this Section 10.1 to the contrary, any amendment to this
Agreement or other Loan Documents to effectuate (i) the Incremental
Facility or (ii) a Revolving Offered Increase Amount, may be effected as
contemplated by Section 2.25 and Section 2.26, respectively.”

          9. Amendment to Schedule 1.1 A (Mortgaged Property) and Schedule 1.1B
(Real Property) of the Credit Agreement. Schedules 1.1A and 1.1B of the Credit
Agreement are hereby amended by adding the information on Annex I (the “New
Mortgaged Properties”) hereto to each of such Schedules.

          10. Revolving Credit Commitment Increase. (a) Any additional bank,
financial institution or other entity which the Borrower selects to offer
participation in the increased Total Revolving Credit Commitments and which
elects to become a party to the Amended Credit Agreement (as defined below) and
obtain a Revolving Credit Commitment in an amount so offered and accepted by it
shall execute a New Lender Supplement with the Borrower, the Administrative
Agent, the Swing Line Lender and the Issuing Lenders, substantially in the form
of Exhibit B (a “New Lender Supplement”), whereupon such bank, financial
institution or other entity (herein called a “New Revolving Credit Lender”)
shall become a Revolving Credit Lender for all purposes and to the same extent
as if originally a party hereto and shall be bound by and entitled to the
benefits of the Amended Credit Agreement, provided that, the Revolving Credit
Commitment of any such New Revolving Credit Lender shall be in an amount not
less than $5,000,000.

          (b) Any Revolving Credit Lender that elects to increase its Revolving
Credit Commitment shall execute a Revolving Credit Commitment Increase
Supplement with the Borrower, the Administrative Agent, the Swing Line Lender
and the Issuing Lenders,

 

 

substantially in the form of Exhibit C (a “Commitment Increase Supplement”),
whereupon such Revolving Credit Lender shall be bound by and entitled to the
benefits of the Amended Credit Agreement with respect to the full amount of its
Revolving Credit Commitment as so increased.

          (c) Additional Revolving Credit Loans made on or after the Third
Amendment Effective Date shall be made pro rata based on the Revolving Credit
Percentages in effect on and after the Third Amendment Effective Date. In the
event that on the Third Amendment Effective Date there is an unpaid principal
amount of Base Rate Loans, the Borrower shall make prepayments thereof and
borrowings of Base Rate Loans so that, after giving effect thereto, the Base
Rate Loans outstanding are held pro rata based on such new Revolving Credit
Percentages. In the event that on the Third Amendment Effective Date there is an
unpaid principal amount of Eurodollar Loans, the Borrower shall make prepayments
thereof and borrowings of Eurodollar Loans so that, after giving effect thereto,
the Eurodollar Loans outstanding are held pro rata based on such new Revolving
Percentages, together with any amounts payable pursuant to Section 2.19 of the
Amended Credit Agreement, if any. The Lenders (which are Revolving Lenders under
the Credit Agreement (prior to giving effect to this Amendment), the “Existing
Credit Agreement”) hereby waive any requirements for notice of prepayment and
minimum amounts of prepayments of Revolving Credit Loans (as defined in the
Existing Credit Agreement) under the Existing Credit Agreement to the extent
such notice or minimum amounts are required under the Existing Credit Agreement.

          (d) As of the Third Amendment Effective Date, the Total Revolving
Credit Commitments shall be increased from $40,000,000 to $70,000,000.

          11. Conditions to Effectiveness. This Amendment shall become effective
upon the date (the “Third Amendment Effective Date”) on which the following
conditions have been satisfied:

     (a) Amendment. The Administrative Agent shall have received this
Amendment, executed and delivered by a duly authorized officer of the
Borrower.

     (b) Acknowledgment and Consent. The Administrative Agent shall have
received an Acknowledgment and Consent, substantially in the form of
Exhibit A hereto, duly executed and delivered by each Guarantor.

     (c) New Lender Supplements and Commitment Increase Supplements. The
Administrative Agent shall have received (i) a New Lender Supplement,
substantially in the form of Exhibit B to the Third Amendment, duly
executed and delivered by each New Revolving Credit Lender, and (ii) a
Commitment Increase Supplement, substantially in the form of Exhibit C to
the Third Amendment duly executed and delivered by each Revolving Credit
Lender increasing its Revolving Credit Commitment pursuant to Section
10(b), representing additional Revolving Credit Commitments in an aggregate
amount equal to $30,000,000.

     (d) Lender Consent Letter. A Lender Consent Letter, substantially in
the form of Exhibit D (a “Lender Consent Letter”), duly executed and
delivered by the Required Lenders and the Required Prepayment Lenders (in
each case, as defined in the Existing

 

 

EXECUTION VERSION

THIRD AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT

          THIRD AMENDMENT, dated as of December 15, 2005 (this “Amendment”) to the AMENDED
AND RESTATED CREDIT AGREEMENT, dated as of April 28, 2005 (as amended by the First
Amendment, dated as of August 18, 2005, the Second Amendment, dated as of October 11,
2005, and as further amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among MAPCO EXPRESS, INC., a Delaware corporation (the “Borrower”),
the several banks and other financial institutions or entities from time to time parties
to the Credit
 Agreement (the “Lenders”), LEHMAN BROTHERS INC., as advisor, sole lead arranger
and sole bookrunner (in such capacity, the “Arranger”), SUNTRUST BANK, as syndication
agent (in such capacity, the “Syndication Agent”), BANK LEUMI USA, as co-administrative
agent (in such capacity, the “Co-Administrative Agent”),
and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in such capacity, the
“Administrative Agent”).

WITNESSETH:

          WHEREAS, the Borrower intends to acquire (the “Acquisition”) certain assets
pursuant to the Purchase and Sale Agreement, dated as of November 3, 2005 (the
“Acquisition Agreement”), among BP Products North America, Inc., as seller, and Delek US
Holdings, Inc., as purchaser, as amended, supplemented or otherwise modified from time
to time in accordance with the Credit Agreement;

          WHEREAS, the Borrower has requested that the Revolving Credit Facility be increased
by an amount equal to $30,000,000 to finance a portion of the consideration for the
Acquisition and to pay related fees and expenses;

          WHEREAS, the Lenders have agreed to permit the amount of the Revolving Credit
Facility to be increased on the terms and conditions set forth in this Amendment and the
Credit Agreement;

          WHEREAS, the Borrower requested the Lenders make certain other amendments to the
Credit Agreement on the terms and subject to the conditions set forth herein; and

          WHEREAS, the Lenders have agreed to make such amendments solely upon the terms and
conditions provided for in this Amendment;

          NOW, THEREFORE, in consideration of the premises herein contained and for other
good and valuable consideration, the receipt of which is hereby acknowledged, the
parties hereto agree as follows:

          1. Defined Terms. Unless otherwise noted herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

 

2. Amendment to Section 1.1 of the Credit Agreement (Defined Terms).

          (a) Section 1.1 of
the Credit Agreement is hereby amended by deleting the definitions of “Facility,”
“Majority Facility Lenders,” “Revolving Credit Commitment,” “Term Loan Facility” and
“Term Loan Lender,” in their respective entireties and substituting in lieu thereof the
following in the appropriate alphabetical order:

          “Facility”: each of (a) the Term Loan Commitments and the Term Loans made
thereunder (the “Term Loan Facility”), (b) the Revolving Credit Commitments and
the extensions of credit made thereunder (the “Revolving Credit Facility”) and (c)
the Incremental Loans made pursuant to Section 2.25, if any, (the “Incremental
Facility”).

          “Majority Facility Lenders”: with respect to any Facility, the holders of
more than 50% of (a) in the case of the Term Loan Facility, the aggregate unpaid
principal amount of the Term Loans other than the Incremental Loans, (b) in the
case of the Revolving Credit Facility, prior to any termination of the Revolving
Credit Commitments, the Total Revolving Credit Commitments (or, if the Revolving
Credit Commitments are no longer in effect, the Total Revolving Extensions of
Credit then outstanding) and (c) in the case of the Incremental Loans, if any, the
aggregate then unpaid principal amount of the Incremental Loans.

          “Revolving Credit Commitment”: as to any Lender, the obligation of such
Lender, if any, to make Revolving Credit Loans and participate in Letters of
Credit and Swing Line Loans, in an aggregate principal and/or face amount not to
exceed the amount set forth under the heading “Revolving Credit Commitment”
opposite such Lender’s name on Schedule 1 to the Lender Addendum or New Lender
Supplement delivered by such Lender, or, as the case may be, in the Assignment and
Acceptance pursuant to which such Lender became a party hereto, as the same may be
changed from time to time pursuant to the terms hereof and of the Third Amendment.
The aggregate amount of the Total Revolving Credit Commitments as of the Third
Amendment Effective Date is $70,000,000.

          “Term Loan Facilities”: the collective reference to the Term Loan Facility
and the Incremental Term Loan Facility.

          “Term Loan Lenders”: the collective reference to the Term Loan Lenders and
the Incremental Lenders, if any.

          (b) Section 1.1 of the Credit Agreement is hereby further amended by deleting the
percentage “30%” in clause (a) of the definition of “Change of Control” and substituting
in lieu thereof the percentage “35%.”

          (c) Section 1.1 of the Credit Agreement is hereby further amended by amending the
definition of “Consolidated EBITDA” as follows

 

 

          (i) by deleting the word “and” at the end of paragraph (vii);

          (ii) by deleting the “.” at the end of paragraph (viii) and
substituting in lieu thereof the following “; and”; and

          (iii) by adding the following new paragraph:

          “(ix) solely for the purpose of determining Consolidated EBITDA for the
following periods, Consolidated EBITDA shall, without duplication, be increased as
a result of the Acquisition by amounts deemed attributable to the assets acquired
in the Acquisition: (w) for the four fiscal quarters ended December 31, 2005 by an
amount equal to $5,100,000, (x) for the four fiscal quarters ended March 31, 2006
by an amount equal to $3,825,000, (y) for the four fiscal quarters ended June 30,
2006 by an amount equal to $2,550,000 and (z) for the four fiscal quarters ended
September 30, 2006 by an amount equal to $1,275,000.”

          (d) Section 1.1 of the Credit Agreement is hereby further amended by inserting the
following new definitions in the appropriate alphabetical order:

          “Acquisition”: as defined in the Third Amendment.

          “Acquisition Agreement”: as defined in the Third Amendment.

          “Acquisition Documentation”: collectively, the Acquisition Agreement and all
schedules, exhibits, annexes and amendments thereto and all side letters and
agreements affecting the terms thereof or entered into in connection therewith.

          “Initial Term Loans”: a collective reference to the Term Loans outstanding on
the Effective Date.

          “Incremental Facility”: as defined in the definition of “Facility” in this
Section 1.1.

          “Incremental Lenders”: as defined in Section 2.25.

          “Incremental Loans”: as defined in Section 2.25.

          “New Lender Supplement”: with respect to each bank, financial institution or
other entity which shall become a Revolving Credit Lender hereunder pursuant to
Section 10 of the Third Amendment.

          “New Revolving Credit Lender”: as defined in Section 2.26(b).

          “Remaining Dollar-Years”: with respect to any Term Loan at any date, the sum
of the products obtained by multiplying (a) the amount of each remaining scheduled
payment of principal by (b) the number of years (calculated to the nearest
twelfth) which will elapse between such date and the making of such payment.

 

 

“Revolving Commitment Increase Notice”: as defined in Section
2.26(a).

          “Revolving Credit Increase Effective Date”: as defined in Section
2.26(f).

          “Revolving Offered Increase Amount”: as defined in Section
2.26(a).

          “Third Amendment”: the Third Amendment to this Agreement, dated as of
December 15, 2005.

          “Third Amendment Effective Date”: the Third Amendment Effective Date as
defined in Section 11 of the Third Amendment, which date is
December 15, 2005.

          “Weighted Average Life to Maturity”: with respect to any Loan at any date,
the number of years obtained by dividing the Remaining Dollar-Years of such Loan
by the outstanding principal amount of such Loan.

          3. Amendment to Section 2 of the Credit Agreement. (a) Section 2 of the Credit
Agreement is hereby further amended by inserting the following new Sections in the
appropriate numerical order:

          “2.25 Incremental Loans. (a) At any time prior to the Revolving Credit
Termination Date, the Borrower may, by notice to the Administrative Agent (which
shall promptly deliver a copy to each of the Lenders), request the addition of up
to two new tranches of term loans (the “Incremental Loans”). The Incremental Loans
shall:

     (i) be in an aggregate principal amount up to $50,000,000 and be
made in up to two drawings, provided that, each borrowing shall be a
minimum amount of $20,000,000;

     (ii) unless otherwise provided in this Agreement, be Term Loans
for all purposes hereunder (including for purposes of sharing of
Collateral and guarantees under the Guarantee and Collateral Agreement
and for the purposes of any optional or mandatory prepayment);

     (iii) have such pricing as may be agreed by the Borrower and the
Lenders providing such Incremental Loans; provided that the applicable
margin for the Incremental Loans shall not exceed the Applicable
Margin then in effect for the Initial Term Loans plus 0.25%;

     (iv) have the same or longer Weighted Average Life to Maturity as
the Initial Term Loans; and

     (v) have a final maturity date occurring not earlier than the
date which, on the date the Incremental Loans are made, is the
scheduled final maturity date of the Initial Term Loans;

 

 

and shall otherwise have the same terms as the Term Loans (and, unless
otherwise noted in this Agreement, references to Term Loans shall be deemed as the
context requires to include references to the Incremental Loans). The Borrower
shall have the right to arrange for one or more banks or other financial
institutions (any such bank or other financial institution being called an
“Incremental Lender”) to extend commitments to provide Incremental Loans in an
aggregate amount equal to the amount, if any, by
which the commitments by the Lenders to provide such Incremental Loans are less
than the amount thereof requested by the Borrower, provided that, each Incremental
Lender shall be subject to the approval of the Borrower and the Administrative
Agent (which approval shall not be unreasonably withheld). No Lender shall have
any obligation to make an Incremental Loan unless and until it commits to do so.
Commitments in respect of Incremental Loans shall become Commitments under this
Agreement pursuant to an amendment to this Agreement executed by each of the
Borrower, each Lender agreeing to provide such Commitment, each Incremental
Lender, if any, and the Administrative Agent, and such amendments to the other
Loan Documents (executed by the relevant Loan Party and the Administrative Agent
only) as the Borrower and the Administrative Agent shall reasonably deem
appropriate to effect such purpose. For the avoidance of doubt, no amendment
executed for the purpose of making Commitments in respect of Incremental Loans
Commitments under this Agreement, shall require, as a condition to its
effectiveness, the signature of any Lender that is not obligated to make an
Incremental Loan under such amendment. The effectiveness of such amendment shall
be subject to the satisfaction on the date thereof and, if different, on the date
on which the Incremental Loans are made, of each of the conditions set forth in
paragraphs (a) and (b) of Section 5.2.

          (b) Notwithstanding anything to the contrary contained in this Agreement, (i)
the Borrower may not make more than two requests pursuant to Section 2.25 or
pursuant to Section 2.26, provided that, it is understood and agreed that the
Borrower may, at its sole option, make one request pursuant to each of Section
2.25 and Section 2.26 and (ii) the aggregate amount of Incremental Loans requested
by the Borrower pursuant to this Section 2.25 plus the aggregate amount of
increases of the Revolving Credit Commitments pursuant to this Section 2.26 shall
not exceed $50,000,000.

          2.26 Increases in Revolving Credit Commitments. (a) At any time prior to the
Revolving Credit Termination Date, so long as no Default or Event of Default has
occurred and is continuing, the Borrower may, by notice to the Administrative
Agent (a “Revolving Commitment Increase Notice”), which notice shall promptly be
copied to each Lender, request an increase in the Total Revolving Credit
Commitments in an aggregate principal amount up to $50,000,000 (the “Revolving
Offered Increase Amount”), provided that each such Revolving Offered Increase
Amount shall be in a minimum amount of not less than $10,000,000. The Borrower
may, at its election, (i) offer one or more of the Revolving Credit Lenders the
opportunity to provide all or a portion of any Revolving Offered Increase Amount
pursuant to subparagraph (c) below and/or (ii) with the consent of the Swing Line
Lender, each Issuing Lender and the Administrative Agent (which consent shall not
be unreasonably withheld), offer one or more additional banks, financial
institutions or other entities the opportunity to provide all or a portion of such
Revolving Offered Increase Amount pursuant to subparagraph (b)

 

 

below. Each Revolving Commitment Increase Notice shall specify which
Revolving Credit Lenders and/or banks, financial institutions or other entities
the Borrower desires to provide such Revolving Offered Increase Amount. The
Borrower or, if requested by the Borrower, the Administrative Agent will notify
such Revolving Credit Lenders, and/or banks, financial institutions or other
entities.

     (b) Any additional bank, financial institution or other entity that the
Borrower selects to offer participation in any increased Total Revolving
Credit Commitments and that elects to become a party to this Agreement and
provide a Revolving Credit Commitment in an amount so offered and accepted by
it pursuant to clause (ii) of Section 2.26(a) shall execute a New Lender
Supplement with the Borrower, the Swing Line Lender, each Issuing Lender and
the Administrative Agent, substantially in the form of Exhibit B to the Third
Amendment (a “New Lender Supplement”), whereupon such bank, financial
institution or other entity (herein called a “New Revolving Credit Lender”)
shall become a Revolving Credit Lender for all purposes and to the same
extent as if originally a party hereto and shall be bound by and entitled to
the benefits of this Agreement, provided that the Revolving Credit Commitment
of any such New Revolving Credit Lender shall be in an amount not less than
$5,000,000.

     (c) Any Revolving Credit Lender that accepts an offer to it by the
Borrower to increase its Revolving Credit Commitment pursuant to clause (i)
of Section 2.26(a) shall, in each case, execute a “Commitment Increase
Supplement” with the Borrower, the Swing Line Lender, each Issuing Lender and
the Administrative Agent, substantially in the form of Exhibit C to the Third
Amendment, whereupon such Revolving Credit Lender shall be bound by and
entitled to the benefits of this Agreement with respect to the full amount of
its Revolving Credit Commitment as so increased.

     (d) On any Revolving Credit Increase Effective Date, (i) each bank,
financial institution or other entity that is a New Revolving Credit Lender
pursuant Section 2.26(b) or any Revolving Credit Lender that has increased
its Revolving Credit Commitment pursuant to Section 2.26(c) shall make
available to the Administrative Agent such amounts in immediately available
funds as the Administrative Agent shall determine, for the benefit of the
other relevant Revolving Credit Lenders, as being required in order to cause,
after giving effect to such increase and the use of such amounts to make
payments to such other relevant Revolving Credit Lenders, each Revolving
Credit Lender’s portion of the outstanding Revolving Credit Loans of all the
Lenders to equal its Revolving Credit Percentage of such Revolving Credit
Loans and (ii) the Borrower shall be deemed to have repaid and reborrowed all
outstanding Revolving Credit Loans of all the Revolving Credit Lenders to
equal its Revolving Credit Percentage of such outstanding Revolving Credit
Loans as of the date of any increase in the Revolving Credit Commitments
(with such reborrowing to consist of the Types of Loans, with related
Interest Periods if applicable, specified in a notice delivered by the
Borrower in accordance with the requirements of Section 2.5). The deemed
payments made pursuant to clause (ii) of the immediately preceding sentence
in

 

 

respect of each Eurodollar Loan shall be subject to indemnification by
the Borrower pursuant to the provisions of Section 2.19 if the deemed payment
occurs other than on the last day of the related Interest Periods.

     (e) Notwithstanding anything to the contrary in this Section 2.26, (i)
in no event shall any transaction effected pursuant to this Section 2.26
cause the sum of Total Revolving Credit Commitments and outstanding Term
Loans to exceed $285,000,000, (ii) subject to Section 2.25(b), in no event
may the Borrower deliver more than two Revolving Commitment Increase Notices,
(iii) subject to Section 2.25(b), in no event shall there be more than two
Revolving Credit Increase Effective Dates and (iv) no Lender shall have any
obligation to increase its Revolving Credit Commitment unless it agrees to do
so in its sole discretion.

     (f) The increase in the Revolving Credit provided pursuant to this
Section 2.26 shall be effective on the date (the “Revolving Credit Increase
Effective Date”) the Administrative Agent, for the benefit of the Lenders
receives (i) a legal opinion of counsel to the Borrower covering such matters
as are customary for transactions of this type and such other matters as may
be reasonably requested by the Administrative Agent and (ii) certified copies
of resolutions of the Borrower authorizing such Revolving Offered Increase
Amount.”

          4. Amendment to Section 2.16 of the Credit Agreement (Pro Rata
Treatment and Payments). Section 2.16(b) of the Credit Agreement is hereby
amended by inserting the following new sentence at the beginning thereof:

“Each mandatory prepayment required by Section 2.10 to be applied to Term Loans
shall be allocated among the Term Loan Facilities pro rata according to the
respective outstanding principal amounts of Term Loans under such Facilities. Each
optional prepayment in respect of the Term Loans shall be allocated among the Term
Loan Facilities pro rata according to the respective outstanding principal amounts
of Term Loans under such Facilities, except in the case of the prepayment and
replacement of the Term Loans under any Facility in the circumstances described in
the last paragraph of Section 10.1.”

          5. Amendments to Section 7.6 of the Credit Agreement (Limitation on
Restricted Payments). (a) Section 7.6(c) of the Credit Agreement is hereby
amended by deleting the amount “$100,000” and substituting in lieu thereof the
amount “$1,000,000.”

     (b) Section 7.6(e) of the Credit Agreement is hereby amended by deleting the
date “July 1, 2007” and substituting in lieu thereof the date
“July 1, 2006.”

          6. Amendment to Section 7.8 of the Credit Agreement (Limitation on
Investments). Section 7.8 is hereby amended by (i) deleting the word “and” at
the end of Section 7.8(f), (ii) deleting the period at the end of Section 7.8(g)
and substituting in lieu thereof the word “; and” and (iii) inserting in the
appropriate order the following new Section 7.8(h):

 

 

“(h) the Acquisition may be consummated on the Third
Amendment Effective Date.”

          7. Amendment to Section 7 of the Credit Agreement (Negative
Covenants). Section 7 of the Credit Agreement is hereby amended by inserting the
following new Section 7.18 in the appropriate numerical order:

     “7.18 Limitation on Amendments to Acquisition Documentation, (a) Amend,
supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and
conditions of the indemnities and licenses furnished to the Borrower or any of its
Subsidiaries pursuant to the Acquisition Documentation such that after giving
effect thereto such indemnities or licenses shall be materially less favorable to
the interests of the Loan Parties or the Lenders with respect thereto or (b)
otherwise amend, supplement or otherwise modify the terms and conditions of the
Acquisition Documentation except to the extent that any such amendment, supplement
or modification could not reasonably be expected to have a Material Adverse
Effect.”

          8. Amendment to Section 10.1 of the Credit Agreement (Amendments and
Waivers). Section 10.1 of the Credit Agreement is hereby amended by inserting
immediately following the second sentence thereof the following:

“In addition to the amendments described above, and notwithstanding anything in
this Section 10.1 to the contrary, any amendment to this Agreement or other Loan
Documents to effectuate (i) the Incremental Facility or (ii) a Revolving Offered
Increase Amount, may be effected as contemplated by Section 2.25 and Section 2.26,
respectively.”

          9. Amendment to Schedule 1.1 A (Mortgaged Property) and Schedule 1.1B
(Real Property) of the Credit Agreement. Schedules 1.1A and 1.1B of the Credit
Agreement are hereby amended by adding the information on Annex I (the “New
Mortgaged Properties”) hereto to each of such Schedules.

          10. Revolving Credit Commitment Increase. (a) Any additional bank,
financial institution or other entity which the Borrower selects to offer
participation in the increased Total Revolving Credit Commitments and which
elects to become a party to the Amended Credit Agreement (as defined below) and
obtain a Revolving Credit Commitment in an amount so offered and accepted by it
shall execute a New Lender Supplement with the Borrower, the Administrative
Agent, the Swing Line Lender and the Issuing Lenders, substantially in the form
of Exhibit B (a “New Lender Supplement”), whereupon such bank, financial
institution or other entity (herein called a “New Revolving Credit Lender”)
shall become a Revolving Credit Lender for all purposes and to the same extent
as if originally a party hereto and shall be bound by and entitled to the
benefits of the Amended Credit Agreement, provided that, the Revolving Credit
Commitment of any such New Revolving Credit Lender shall be in an amount not
less than $5,000,000.

          (b) Any Revolving Credit Lender that elects to increase its Revolving Credit
Commitment shall execute a Revolving Credit Commitment Increase Supplement with the
Borrower, the Administrative Agent, the Swing Line Lender and the Issuing Lenders,

 

 

substantially in the form of Exhibit C (a “Commitment Increase Supplement”), whereupon
such Revolving Credit Lender shall be bound by and entitled to the benefits of the
Amended Credit Agreement with respect to the full amount of its Revolving Credit
Commitment as so increased.

          (c) Additional Revolving Credit Loans made on or after the Third Amendment
Effective Date shall be made pro rata based on the Revolving Credit Percentages in
effect on and after the Third Amendment Effective Date. In the event that on the Third
Amendment Effective Date there is an unpaid principal amount of Base Rate Loans, the
Borrower shall make prepayments thereof and borrowings of Base Rate Loans so that, after
giving effect thereto, the Base Rate Loans outstanding are held pro rata based on such
new Revolving Credit Percentages. In the event that on the Third Amendment Effective
Date there is an unpaid principal amount of Eurodollar Loans, the Borrower shall make
prepayments thereof and borrowings of Eurodollar Loans so that, after giving effect
thereto, the Eurodollar Loans outstanding are held pro rata based on such new Revolving
Percentages, together with any amounts payable pursuant to Section 2.19 of the Amended
Credit Agreement, if any. The Lenders (which are Revolving Lenders under the Credit
Agreement (prior to giving effect to this Amendment), the “Existing Credit Agreement”)
hereby waive any requirements for notice of prepayment and minimum amounts of
prepayments of Revolving Credit Loans (as defined in the Existing Credit Agreement)
under the Existing Credit Agreement to the extent such notice or minimum amounts are
required under the Existing Credit Agreement.

          (d) As of the Third Amendment Effective Date, the Total Revolving
Credit Commitments shall be increased from $40,000,000 to $70,000,000.

          11. Conditions to Effectiveness. This Amendment shall become effective upon the
date (the “Third Amendment Effective Date”) on which the following conditions have been
satisfied:

     (a) Amendment. The Administrative Agent shall have received this Amendment,
executed and delivered by a duly authorized officer of the Borrower.

     (b) Acknowledgment and Consent. The Administrative Agent shall have received
an Acknowledgment and Consent, substantially in the form of Exhibit A hereto, duly
executed and delivered by each Guarantor.

     (c) New Lender Supplements and Commitment Increase Supplements. The
Administrative Agent shall have received (i) a New Lender Supplement,
substantially in the form of Exhibit B to the Third Amendment, duly executed and
delivered by each New Revolving Credit Lender, and (ii) a Commitment Increase
Supplement, substantially in the form of Exhibit C to the Third Amendment duly
executed and delivered by each Revolving Credit Lender increasing its Revolving
Credit Commitment pursuant to Section 10(b), representing additional Revolving
Credit Commitments in an aggregate
amount equal to $30,000,000.

     (d) Lender Consent Letter. A Lender Consent Letter, substantially in
the form of Exhibit D (a “Lender Consent Letter”), duly executed and
delivered by the Required Lenders and the Required Prepayment Lenders (in
each case, as defined in the Existing

 

 

Credit Agreement) (it being agreed that the execution of a Commitment
Increase Supplement shall be deemed to constitute the delivery of a Lender Consent
Letter by a Lender, in its capacity as a Lender under the Existing Credit
Agreement).

     (e) Amendment Fee. The Administrative Agent shall have received an amendment
fee for the account of each Lender that executes and delivers to the
Administrative Agent a Lender Consent Letter at or prior to 5:00 P.M., New York
City time, on December 15, 2005, in an amount equal to 0.10% of the Aggregate
Exposure of such Lender.

     (f) Acquisition, etc. The following transactions shall have been consummated
substantially contemporaneously, in each case on terms and conditions reasonably
satisfactory to the Lenders:

     (i) the Borrower shall have received a cash equity contribution
from Holdings in an amount equal to at least $7,500,000; and

     (ii) the Acquisition shall have been consummated as set forth in
the Acquisition Agreement, and no provision thereof shall have been
waived, amended, supplemented or otherwise modified in a manner that
would reasonably be expected to be materially adverse to the Lenders
without the prior written consent of the Lenders.

     (g) Related Agreements. The Administrative Agent shall have received
(in a form reasonably satisfactory to the Administrative Agent), true and
correct copies, certified as to authenticity by the Borrower, of (i) the
Acquisition Agreement and (ii) such other documents or instruments as may
be reasonably requested by the Administrative Agent, including, without
limitation, a copy of any debt instrument, security agreement or other
material contract to which the Loan Parties may be a party.

     (h) Mortgages. The Administrative Agent shall have received (i) a
Mortgage covering each of the New Mortgaged Properties and (ii) with
respect to each of the Mortgages in effect on the Third Amendment Effective
Date, a mortgage amendment (each, a “Mortgage Amendment”), substantially in
the form of Exhibit E (with such changes thereto as shall be advisable or
required under the law of the jurisdiction in which such Mortgage Amendment
is to be recorded, as the Administrative Agent on or before the Third
Amendment Effective Date shall reasonably determine is necessary to
maintain the priority of the first mortgage Lien encumbering the relevant
Mortgaged Property), executed and delivered by a duly authorized officer of
the relevant Loan Party.

     (i) Title Insurance; Flood Insurance. (i) If requested by the
Administrative Agent, the Administrative Agent shall have received, and the
title insurance company issuing the policy referred to in clause (ii) below
(the “Title Insurance Company”) shall have received, maps or plats of an
as-built survey of the sites of the New Mortgaged Properties, dated a date
reasonably satisfactory to the Administrative Agent and the Title Insurance
Company by an independent professional licensed land surveyor reasonably
satisfactory to the Administrative Agent and the Title Insurance

 

 

Credit Agreement) (it being agreed that the execution of a Commitment
Increase Supplement shall be deemed to constitute the delivery of a Lender Consent
Letter by a Lender, in its capacity as a Lender under the Existing Credit
Agreement).

     (e) Amendment Fee. The Administrative Agent shall have received an amendment
fee for the account of each Lender that executes and delivers to the
Administrative Agent a Lender Consent Letter at or prior to 5:00 P.M., New York
City time, on December 15, 2005, in an amount equal to 0.10% of the Aggregate
Exposure of such Lender.

     (f) Acquisition, etc. The following transactions shall have been consummated
substantially contemporaneously, in each case on terms and conditions reasonably
satisfactory to the Lenders:

     (i) the Borrower shall have received a cash equity contribution
from Holdings in an amount equal to at least $7,500,000; and

     (ii) the Acquisition shall have been consummated as set forth in
the Acquisition Agreement, and no provision thereof shall have been
waived, amended, supplemented or otherwise modified in a manner that
would reasonably be expected to be materially adverse to the Lenders
without the prior written consent of the Lenders.

     (g) Related Agreements. The Administrative Agent shall have received
(in a form reasonably satisfactory to the Administrative Agent), true and
correct copies, certified as to authenticity by the Borrower, of (i) the
Acquisition Agreement and (ii) such other documents or instruments as may
be reasonably requested by the Administrative Agent, including, without
limitation, a copy of any debt instrument, security agreement or other
material contract to which the Loan Parties may be a party.

     (h) Mortgages. The Administrative Agent shall have received (i) a
Mortgage covering each of the New Mortgaged Properties and (ii) with
respect to each of the Mortgages in effect on the Third Amendment Effective
Date, a mortgage amendment (each, a “Mortgage Amendment”), substantially in
the form of Exhibit E (with such changes thereto as shall be advisable or
required under the law of the jurisdiction in which such Mortgage Amendment
is to be recorded, as the Administrative Agent on or before the Third
Amendment Effective Date shall reasonably determine is necessary to
maintain the priority of the first mortgage Lien encumbering the relevant
Mortgaged Property), executed and delivered by a duly authorized officer of
the relevant Loan Party.

     (i) Title Insurance; Flood Insurance. (i) If requested by the
Administrative Agent, the Administrative Agent shall have received, and the
title insurance company issuing the policy referred to in clause (ii) below
(the “Title Insurance Company”) shall have received, maps or plats of an
as-built survey of the sites of the New Mortgaged Properties, dated a date
reasonably satisfactory to the Administrative Agent and the Title Insurance
Company by an independent professional licensed land surveyor reasonably
satisfactory to the Administrative Agent and the Title Insurance

 

 

Company, which maps or plats and the surveys on which they are based shall be in form
and substance reasonably satisfactory to the Administrative Agent and the Title
Insurance Company and which shall in any event be sufficient to enable the Title
Insurance Company to issue the title policies referred to below without the
standard survey exception and include therein all survey dependant endorsements
reasonably requested by the Administrative Agent.

     (ii) The Administrative Agent shall have received in respect of
each New Mortgaged Property a mortgagee’s title insurance policy (or
policies) or marked up unconditional binder for such insurance. Each
such policy shall (A) be in an amount satisfactory to the
Administrative Agent; (B) be issued at ordinary rates; (C) insure that
the Mortgage insured thereby creates a valid first Lien on such New
Mortgaged Property free and clear of all defects and encumbrances,
except as disclosed therein and are determined by the Administrative
Agent to be acceptable; (D) name the Administrative Agent for the
benefit of the Secured Parties as the insured thereunder; (E) be in
the form of ALTA Loan Policy — 1970 (Amended 10/17/70 and 10/17/84)
(or equivalent policies); (F) contain such endorsements and
affirmative coverage as the Administrative Agent may reasonably
request and (G) be issued by title companies satisfactory to the
Administrative Agent (including any such title companies acting as
co-insurers or reinsurers, at the option of the Administrative Agent).
The Administrative Agent shall have received evidence satisfactory to
it that all premiums in respect of each such policy, all charges for
mortgage recording tax, and all related expenses, if any, have been
paid.

     (iii) The Administrative Agent shall have received (A) a policy
of flood insurance that (1) covers any parcel of improved real
property that is encumbered by any Mortgage to the extent the
applicable New Mortgaged Property is located in an area designated as
a special flood zone hazard by the Secretary of Housing and Urban
Development, (2) is written in an amount not less than the outstanding
principal amount of the indebtedness secured by such Mortgage that is
reasonably allocable to such real property or the maximum limit of
coverage made available with respect to the particular type of
property under the National Flood Insurance Act of 1968, whichever is
less, and (3) has a term ending not later than the maturity of the
indebtedness secured by such Mortgage or that may be extended to such
maturity date and (B) confirmation that the Borrowers have received
the notice required pursuant to Section 208(e)(3) of Regulation H of
the Board.

     (iv) The Administrative Agent shall have received a copy of all
recorded documents referred to, or listed as exceptions to title in,
the title policy or policies referred to in clause (ii) above and a
copy of all other material documents affecting the New Mortgaged
Properties.

     (j) Appraisals; Leasehold Property Requirements. The Administrative Agent
shall have received a satisfactory appraisal of all fee owned and leasehold
properties from a firm reasonably satisfactory to the Administrative Agent for
each New Mortgaged

 

 

Property on the Third Amendment Effective Date, provided that, with respect
to such New Mortgaged Property consisting of leasehold interests, (A) the Borrower
has delivered on or prior to the Third Amendment Effective Date a related lease in
recordable form (or a memorandum thereof in recordable form) (unless under
applicable law such recorded instrument is not necessary in order for the
Administrative Agent to have a perfected Lien on the applicable New Mortgaged
Property), (B) the applicable landlord executes and delivers an agreement
substantially the form attached as Exhibit D-4 to the Credit Agreement, with such
changes thereto as may be reasonably approved by the Administrative Agent, and (C)
a recent survey of the related leased real property conforming to Section
11(i) (i), reasonably satisfactory to the Administrative Agent (subject, in the
case of surveys, to exceptions consented to by the Administrative Agent in its
sole discretion).

     (k) Environmental Matters. The Lenders shall have received a satisfactory
environmental review with respect to the New Mortgaged Properties specified on
Annex I.

     (l) Fees, etc. The Administrative Agent shall have received all fees required
to be paid, and all expenses for which invoices have been presented supported by
customary documentation (including reasonable fees, disbursements and other
charges of counsel to the Administrative Agent), on or before the Third Amendment
Effective Date. All such amounts will be paid with proceeds of Revolving Credit
Loans made on the Third Amendment Effective Date and will be reflected in the
funding instructions given by the Borrower to the Administrative Agent on or
before the Third Amendment Effective Date.

     (m) Resolutions, etc. On or before the Third Amendment Effective Date, all
corporate and other proceedings taken or to be taken in connection with this
Amendment shall be reasonably satisfactory in form and substance to Administrative
Agent and its counsel, and Administrative Agent and such counsel shall have
received all such counterpart originals or certified copies of such documents as
Administrative Agent may reasonably request.

     (n) Borrower Certificate. The Administrative Agent shall have received a
certificate of the Borrower, dated the Third Amendment Effective Date, in form and
substance reasonably satisfactory to the Administrative Agent.

     (o) Legal Opinions. The Administrative Agent shall have received the
following executed legal opinions:

 

 

(i) the legal opinion of Fulbright & Jaworski L.L.P., counsel to
the Loan Parties, substantially in the form of Exhibit F; and

     (ii) the legal opinion of local counsel in each of Alabama, Arkansas,
Tennessee, Mississippi, Louisiana and Virginia.

Each such legal opinion shall cover such other matters incident to the
transactions contemplated by this Amendment as the Administrative Agent may
reasonably require and shall be addressed to the Administrative Agent and the
Lenders.

     (p) Consents, Approvals, etc. All material governmental and third party
approvals necessary in connection with the increase in the Revolving Credit
Facility, the Acquisition, the continuing operations of the Loan Parties and the
other transactions contemplated hereby shall have been obtained and be in full
force and effect.

          12. Representations and Warranties. The Borrowers hereby represent and warrant to
the Administrative Agent and each Lender that (before and after giving effect to this
Amendment):

     (a) Each Loan Party has the corporate power and authority, and the legal
right, to make, deliver and perform this Amendment and the Acknowledgment and
Consent (the “Amendment Documents”) to which it is a party and, in the case of the
Borrower, to consummate the Acquisition and to borrow under the Credit Agreement
as amended hereby. Each Loan Party has taken all necessary corporate or other
action to authorize the execution, delivery and performance of the Amendment
Documents to which it is a party and, in the case of the Borrower, to consummate
the Acquisition and to authorize the borrowings on the terms and conditions of the
Credit Agreement as amended by this Amendment (the “Amended Credit Agreement”). No
consent or authorization of, filing with, notice to or other act by or in respect
of, any Governmental Authority or any other Person is required in connection with
the consummation of the Acquisition, the Amendment Documents, the borrowings under
the Amended Credit Agreement or the execution, delivery, performance, validity or
enforceability of this Amendment or the Acknowledgment and Consent, except (i)
consents, authorizations, filings and notices which have been obtained or made and
are in full force and effect and (ii) the filings referred to in Section 4.19 of
the Credit Agreement. Each Amendment Document has been duly executed and delivered
on behalf of each Loan Party that is a party thereto. Each Amendment Document and
the Amended Credit Agreement constitutes a legal, valid and binding obligation of
each Loan Party that is a party thereto, enforceable against each such Loan Party
in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law).

     (b) The execution, delivery and performance of the Amendment Documents, the
borrowings under the Amended Credit Agreement, the consummation of the Acquisition
and the use of the proceeds thereof will not violate any Requirement of Law

 

 

or any Contractual Obligation of the Borrower or any of its Subsidiaries
and will not result in, or require, the creation or imposition of any Lien on any
of their respective properties or revenues pursuant to any Requirement of Law or
any such Contractual Obligation (other than the Liens created by the Security
Documents).

     (c) Each of the representations and warranties made by any Loan Party herein
or in or pursuant to the Loan Documents is true and correct in all material
respects on and as of the Third Amendment Effective Date as if made on and as of
such date (except that any representation or warranty which by its terms is made
as of an earlier date shall be true and correct in all material respects as of
such earlier date).

     (d) The Borrower and the other Loan Parties have performed in all material
respects all agreements and satisfied all conditions which this Amendment and the
other Loan Documents provide shall be performed or satisfied by the Borrower or
the other Loan Parties on or before the Third Amendment Effective Date.

     (e) After giving effect to this Amendment, no Default or Event of Default has
occurred and is continuing, or will result from the consummation of the
transactions contemplated by this Amendment.

          13. Payment of Expenses. The Borrower agrees to pay or reimburse the Administrative
Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection
with this Amendment, any other documents prepared in connection herewith and the
transactions contemplated hereby, including, without limitation, the reasonable fees and
disbursements of counsel to the Administrative Agent.

          14. Limited Effect. Except as expressly provided hereby, all of the terms and
provisions of the Credit Agreement and the other Loan Documents are and shall remain in
full force and effect. The amendments contained herein shall not be construed as a
waiver or amendment of any other provision of the Credit Agreement or the other Loan
Documents or for any purpose except as expressly set forth herein or a consent to any
further or future action on the part of the Borrower that would require the waiver or
consent of the Administrative Agent or the Lenders.

          15. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

          16. Miscellaneous. (a) This Amendment may be executed by one or more
of the parties to this Agreement on any number of separate counterparts, and all
of said counterparts taken together shall be deemed to constitute one and the
same instrument. A set of the copies of this Amendment and the Lender Consent
Letters signed by all the parties shall be lodged with the Borrower and the
Administrative Agent. This Amendment may be delivered by facsimile transmission
of the relevant signature pages hereof.

 

 

(b) The execution and delivery of the Lender Consent Letter by any
Lender shall be binding upon each of its successors and assigns (including
assignees of its Loans in whole or in part prior to effectiveness hereof).

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
and delivered by their respective proper and duly authorized officers as of the day and
year first above written.

	 	 	 	 	 
	 	MAPCO EXPRESS, INC.

 	 
	 	By:  	/s/ Uzi Yemin
 	 
	 	 	Name:  	Uzi Yemin 	 
	 	 	Title:  	President 	 
	 
	 	 	 
	 	By:  	                                                        /s/ Edward Morgan
 	 
	 	 	Name:  	Edward Morgan 	 
	 	 	Title:  	CFO 	 

 

 

	 	 	 	 	 

LEHMAN COMMERCIAL PAPER INC., as

	 	 	 	 	 
	 	Administrative Agent

 	 
	 	By:  	/s/ Ritam Bhalla
 	 
	 	 	Name:  	Ritam Bhalla  	 
	 	 	Title:  	Authorized Signatory 	 
	 

 

 

ACKNOWLEDGEMENT AND CONSENT

          Reference is made to the Third Amendment, dated as of December [__], 2005 (the “Third
Amendment”), to the Amended and Restated Credit Agreement, dated as of April 28, 2005 (as
amended by the First Amendment, dated as of August 18, 2005, the Second Amendment, dated as of
October 11, 2005, and as further amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among MAPCO EXPRESS, INC., a Delaware corporation (the
“Borrower”), the several banks and other financial institutions or entities from time to
time parties to the Credit Agreement (the “Lenders”), LEHMAN BROTHERS INC., as advisor,
sole lead arranger and sole bookrunner (in such capacity, the “Arranger”), SUNTRUST BANK,
as syndication agent (in such capacity, the “Syndication Agent”), BANK LEUMI USA, as
co-administrative agent (in such capacity, the “Co-Administrative Agent”), and LEHMAN
COMMERCIAL PAPER INC., as administrative agent (in such capacity, the “Administrative
Agent”) and (ii) the Guarantee and Collateral Agreement, dated as of April 28, 2005 (as
amended, supplemented or otherwise modified in writing from time to time, the “Guarantee and
Collateral Agreement”), made by each of the signatories thereto (together with any other entity
that may become a party thereto as provided therein, the “Grantors”), in favor of the
Administrative Agent for the benefit of the Secured Parties. Unless otherwise defined herein,
capitalized terms used herein and defined in the Credit Agreement are used herein as therein
defined.

          Each of the undersigned parties to the Guarantee and Collateral Agreement and the other
Security Documents hereby (a) consents to the transactions contemplated by the Third Amendment and
(b) acknowledges and agrees that the guarantees and grants of security interests made by such party
contained in the Guarantee and Collateral Agreement and the other Security Documents are, and shall
remain, in full force and effect after giving effect to the Third Amendment.

          THIS ACKNOWLEDGEMENT AND CONSENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Acknowledgement and Consent to be duly
executed and delivered by their respective proper and duly authorized officers as of December [__],
2005.

	 	 	 	 	 
	 	DELEK US HOLDINGS, INC.

 	 
	 	By:  	/s/ [ILLEGIBLE]
 	 
	 	 	Title:        	 
	 	 	 
	 	By:  	                                              /s/ [ILLEGIBLE]
 	 
	 	 	Title:        	 
	 	 	 	 
	 
	 	MAPCO EXPRESS, INC.

 	 
	 	By:  	/s/ [ILLEGIBLE]
 	 
	 	 	Title:        	 
	 	 	 	 
	 	By:  	                                              /s/ [ILLEGIBLE]
 	 
	 	 	Title:        	 
	 	 	 	 
	 
	 	GASOLINE ASSOCIATED SERVICES, INC.

 	 
	 	By:  	/s/ [ILLEGIBLE]
 	 
	 	 	Title:  	 
	 	 	 	 
	 	By:  	                                              /s/ [ILLEGIBLE]
 	 
	 	 	Title:  	 
	 	 	 	 
	 
	 	LIBERTY WHOLESALE CO., INC.

 	 
	 	By:  	/s/ [ILLEGIBLE]
 	 
	 	 	Title:  	 
	 	 	 	 
	 	By:  	                                              /s/ [ILLEGIBLE]
 	 
	 	 	Title:  	 
	 	 	 	 
	 

Signature Page to Acknowledgment and Consent

 

 

	 	 	 	 	 
	 	WILLIAMSON OIL CO., INC.

 	 
	 	By:  	/s/ [ILLEGIBLE]
 	 
	 	 	Title:  	 
	 	 	 	 
	 	By:  	                                              /s/ [ILLEGIBLE]
 	 
	 	 	Title:  	 
	 	 	 	 
	 

Signature Page to Acknowledgment and Consent

 

 

FORM OF

REVOLVING CREDIT COMMITMENT INCREASE SUPPLEMENT

          SUPPLEMENT, dated December                     , 2005 to the AMENDED AND
RESTATED CREDIT AGREEMENT, dated as of April 28, 2005 (as amended by the First Amendment, dated as
of August 18, 2005, the Second Amendment, dated as of October 11, 2005, and as further amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among MAPCO
EXPRESS, INC., a Delaware corporation (the “Borrower”), the several banks and other
financial institutions or entities from time to time parties to the Credit Agreement (the
“Lenders”), LEHMAN BROTHERS INC., as advisor, sole lead arranger and sole bookrunner (in
such capacity, the “Arranger”), SUNTRUST BANK, as syndication agent (in such capacity, the
“Syndication Agent”), BANK LEUMI USA, as co-administrative agent (in such capacity, the
“Co-Administrative Agent”), and LEHMAN COMMERCIAL PAPER INC., as administrative agent (in
such capacity, the “Administrative Agent”) and as Swing Line Lender.

W I T N E S S E T H :

          WHEREAS, the Borrower has requested that the Total Revolving Credit Commitments be increased
by $30,000,000 to $70,000,000 pursuant to the Third Amendment to the Credit Agreement, dated as of
the date hereof (the “Third Amendment”);

          WHEREAS, pursuant to the provisions of Section 10(b) of the Third Amendment, the undersigned
may increase the amount of its Revolving Credit Commitment in accordance with the terms thereof by
executing and delivering to the Borrower and the Administrative Agent a supplement to the Credit
Agreement in substantially the form of this Supplement; and

          WHEREAS, the undersigned now desires to increase the amount of its Revolving Credit Commitment
under the Credit Agreement;

          NOW THEREFORE, the undersigned hereby agrees as follows:

          1. Subject to the terms and conditions of the Credit Agreement, that on the
date this Supplement is accepted by the Borrower and the Administrative Agent it shall have
its Revolving Credit Commitment increased by $                    , thereby making the amount of
its Revolving Credit Commitment $                    .

          2. Terms defined in the Credit Agreement shall have their defined meanings
when used herein.

 

 

          IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by
a duly authorized officer on the date first above written.

	 	 	 	 	 
	 	[INSERT NAME OF LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Signature Page to Revolving Credit Commitment Increase Supplement

 

 

	 	 	 	 	 
	LEHMAN COMMERCIAL PAPER INC.,

as Administrative Agent and Swing Line Lender

 	 
	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Signature Page to Revolving Credit Commitment Increase Supplement

 

 

	 	 	 	 	 
	BANK LEUMI USA, 

as Issuing Lender

 	 
	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	 
	 	, 
	as Issuing Lender 	 
	 	 	 
	 
	 	 
	By:  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Signature Page to Revolving Credit Commitment Increase Supplement

 

 

	 	 	 	 	 
	Accepted this                      day of

December, 2005.

MAPCO EXPRESS, INC.

 	 
	By:  	/s/ [ILLEGIBLE]
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	 	 
	By:  	/s/ [ILLEGIBLE]
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

Signature Page to Revolving Credit Commitment Increase Supplement

 

 

Prepared by and after recording please return to:

Cadwalader, Wickersham & Taft LLP 
One World
Financial Center 
New York, New York 10281

Attention: David A. Viklund, Esq.

Telephone No.: 212-504-6000

AMENDMENT NO. 1 TO DEED OF TRUST, SECURITY AGREEMENT,

ASSIGNMENT OF LEASES AND RENTS,

AND FIXTURE FILING

between

MAPCO
EXPRESS, INC., Grantor,

and

LEHMAN COMMERCIAL PAPER INC.,

as Administrative Agent, Beneficiary

Dated as of December 15, 2005

 

 

AMENDMENT NO. 1 TO DEED OF TRUST, SECURITY AGREEMENT,

ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE FILING

     THIS AMENDMENT NO. 1 TO DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS, AND
FIXTURE FILING (this “Amendment”) is made as of the 15th day of December 2005 between
MAPCO EXPRESS, INC., whose address is 830 Crescent Centre Drive, Suite 300, Franklin, Tennessee
37067 (the “Grantor”), and LEHMAN COMMERCIAL PAPER INC., as administrative agent under the Credit
Agreement referred to below, whose address is 745 Seventh Avenue, New York, New York 10019 (in such
capacity, the “Beneficiary”).

W I T N E S S E T H:

     WHEREAS, Grantor executed and delivered to the Trustee for the benefit of Beneficiary that
certain Deed of Trust, Security Agreement, Assignment of Leases and Rents, and Fixture Filing dated
as of April 28, 2005 (the “Original Deed of Trust”), which Deed of Trust was recorded in the county
and assigned the recording number listed on Schedule I hereto;

     WHEREAS, the Deed of Trust was issued by Grantor as collateral to secure the obligations of
Grantor and Mapco Family Centers, Inc. (which merged with and into the Grantor), as borrowers
(collectively, “Borrowers”), under that certain Amended and Restated Credit Agreement, dated as of
April 28, 2005 (the “Original Credit Agreement”) by and among Borrowers, the several banks
and other financial institutions or entities from time to time parties thereto (the
“Lenders”), Lehman Brothers Inc., as arranger, Suntrust Bank, as syndication agent, Bank
Leumi USA, as co-administrative agent and Beneficiary, as administrative agent;

     WHEREAS, pursuant to the terms of the Credit Agreement, Lenders agreed to make certain term
and revolving credit loans in a maximum principal amount outstanding at any time of up to
$205,000,000;

     WHEREAS, the Original Credit Agreement was amended by First Amendment to Amended and Restated
Credit Agreement dated as of August 18, 2005 among each of the parties to the Original Credit
Agreement (the “First Amendment”);

     WHEREAS, the Original Credit Agreement, as amended by the First Amendment, was further amended
by the parties to the Original Credit Agreement

 

 

by Second Amendment to Amended and Restated Credit
Agreement dated as of October 11, 2005 (the “Second Amendment”);

     WHEREAS, the parties to the Original Credit Agreement have agreed to further amend the
Original Credit Agreement, as amended by the First Amendment and the Second Amendment, by Third
Amendment to Amended and Restated Credit Agreement dated as of December 15, 2005 (the Original
Credit Agreement, as so amended by the First Amendment, the Second Amendment and the Third
Amendment, collectively, the “Credit Agreement”) pursuant to which, inter alia, the maximum
principal amount of the loans outstanding at any time made pursuant to the Credit Agreement has
been increased from $205,000,000 to $285,000,000, which
amount will be advanced from time to time in accordance with the terms and conditions set
forth in the Credit Agreement;

     WHEREAS, in connection with the amendments described in the foregoing recitals, Grantor and
Beneficiary have agreed to modify the Original Deed of Trust;

     NOW, THEREFORE, in consideration of the premises, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree to modify the Original Deed of Trust as follows:

1. Capitalized Terms. All capitalized terms not otherwise defined herein
shall have the meanings ascribed to such terms in the Original Deed of Trust. All
references in the Original Deed of Trust and in this Amendment to (i) the “Deed of
Trust” shall mean the Original Deed of Trust as modified and amended by this
Amendment and (ii) the “Credit Agreement” shall mean the Original Credit
Agreement, as amended by the First Amendment, Second Amendment, and Third
Amendment thereto, as the same may be amended, supplemented or otherwise
modified from time to time.

2. Maximum Principal Amount Secured. The maximum principal indebtedness secured by the Deed
of Trust is hereby modified and amended to increase from $205,000,000 to $285,000,000 plus accrued
unpaid interest and costs.

3. Intentionally Omitted.

4. No Further Modification. Except as modified hereby, the terms and conditions of the
Original Deed of Trust remain unchanged and in full force and effect and are hereby ratified and
confirmed. The Grantor hereby confirms that it has no defenses or offsets with respect to its
obligations under the Deed of Trust, as modified hereby. This Amendment is not a novation of the
Deed of Trust or

3

 

Credit Agreement, is not a new obligation and is not intended to in any manner impair the lien or
affect the validity of the Deed of Trust.

5. Counterparts. This Amendment may be executed in counterparts, each of which shall
constitute an original and all of which together shall constitute the same instrument.

[END OF DOCUMENT — SIGNATURE PAGES FOLLOW]

4

 

          IN WITNESS WHEREOF, this instrument has been executed by the parties hereto as of the day
first set forth above.

	 	 	 	 	 
	 	

MAPCO EXPRESS, INC.

 	 
	 	By:  	/s/ Uzi Yemin
 	 
	 	 	Name:  	Uzi Yemin 	 
	 	 	Title:  	President 	 
	 	 	 
	 	By:  	/s/ Edward Morgan
 	 
	 	 	Name:  	Edward Morgan  	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	LEHMAN COMMERCIAL PAPER INC., 

as Administrative Agent

 	 
	 	By:  	/s/ V. Paul Arzouian
 	 
	 	 	Name:  	V. Paul Arzouian 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 	 	 

STATE OF TN

COUNTY OF Williamson

Personally appeared, before me, the undersigned authority in and for the said county and state, on
this 8 day of December, 2005, within my jurisdiction, the within named Uzi Yemin, who
acknowledged that (he)(she) is President of  Mapco Express, Inc., a  Delaware corporation, and that for and on behalf of the said corporation, and as its act and deed
(he)(she) executed the above and foregoing instrument, after first having been duly authorized by
said corporation so to do.

	 	 	 	 	 
	 	 	 
	 	  	[ILLEGIBLE]
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	 	 
	 

My commission expires: 7/26/09

(Affix official seal, if applicable)

[SEAL]

 

 

STATE OF TN

COUNTY OF Williamson

Personally appeared, before me, the undersigned authority in and for the said county and
state, on this 8 day of December, 2005, within my jurisdiction, the within named Edward Morgan, who
acknowledged that (he)(she) is Vice President of  Mapco Express, Inc., a  Delaware  corporation, and
that for and on behalf of the said corporation, and as its act and deed (he)(she) executed the
above and foregoing instrument, after first having been duly
authorized by said corporation so to do.

	 	 	 	 	 
	 	 	 
	 	  	[ILLEGIBLE]
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	 	 
	 

My commission expires: 7/26/09

(Affix official seal, if applicable)

[SEAL]

 

 

STATE OF NEW YORK

COUNTY OF NEW YORK

Personally appeared, before me, the undersigned authority in and for the said county and state, on
this 15th day of December, 2005, within my jurisdiction, the within named V. Paul Arzouian, who
acknowledged that (he)(she) is an authorized signatory of LEHMAN COMMERCIAL PAPER INC., a
corporation, and that for and on behalf of the said corporation, and as its act and deed (he)(she)
executed the above and foregoing instrument, after first having been duly authorized by said
corporation so to do.

	 	 	 	 	 
	 	 	 
	 	  	[ILLEGIBLE]
 	 
	 	 	NOTARY PUBLIC 	 
	 	 	 	 
	 

	 	 	 
	My commission expires: March 3, 2007

	Damien M. Stein	 
	 

	Notary Public, State of New York	 
	 

	No. 02ST6088103	 
	 

	Qualified in Queens County	 
	(Affix official seal, if applicable)

	Commission Expires March 3, 2007	 

 

 

Schedule I

Amended and Restated Deed of Trust, Security Agreement, Assignment of Leases
and Rents, and Fixture Filing dated as of April 28, 2005, recorded on
as Instrument No.                              Page               in

 

 

Fulbright & Jaworski l.l.p.

A Registered Limited Liability Partnership

666 Fifth Avenue, 31st Floor

New York, New York 10103-3198

www.fulbright.com

			
	telephone: (212) 318-3000
	 	facsimile: (212) 318-3400

December 15, 2005

Lehman Commercial Paper Inc.,

as Administrative Agent

and

Each of the Lenders party to the

Credit Agreement referred to below:

     We have acted as special counsel to MAPCO Express, Inc., a Delaware corporation (the
“Borrower”), Delek US Holdings, Inc., a Delaware corporation (“Holdings”), and each of the entities
listed on Annex A attached hereto (together with the Borrower and Holdings, each a “Loan Party” and
collectively the “Loan Parties”), in connection with the Third Amendment (the “Third Amendment”) to
the Amended and Restated Credit Agreement, dated as of April 28, 2005 (such agreement, excluding
the schedules and exhibits thereto and as amended by the First Amendment, dated as of August 18,
2005, the Second Amendment, dated as of October 11, 2005, and the Third Amendment, the “Credit
Agreement”), among the Borrower, the several banks and other financial institutions or entities
from time to time parties thereto (the “Lenders”), Lehman Brothers Inc., as advisor, sole lead
arranger and sole bookrunner, SunTrust Bank, as syndication agent, Bank Leumi USA, as
co-administrative agent, and Lehman Commercial Paper Inc., as administrative agent (in such
capacity, the “Administrative Agent”), and the other Transaction Documents (as defined below).

     In such capacity, we have been asked to render certain opinions in connection with the Third
Amendment. All capitalized terms used, but not otherwise defined herein, shall have the respective
meanings set forth in the Credit Agreement. In arriving at the opinions expressed below, we have
examined and relied on the originals, or copies certified or otherwise identified to our
satisfaction, of each of the following (each of which, other than the Supplements (as defined
below) is dated on or as of the date hereof):

	 	(1)	 	the Third Amendment;
	 
	 	(2)	 	the Acknowledgment and Consent executed by each of the Loan Parties (the
“Acknowledgement and Consent”);
	 
	 	(3)	 	the Revolving Credit Commitment Increase Supplements, executed by the Borrower
and each Lender increasing its Revolving Credit Commitment dated as of the dates stated
thereon (collectively, the “Supplements”).
	 
	 	(4)	 	the Mortgage Amendments executed by the Borrower and, as applicable, the
Administrative Agent in connection with each relevant Mortgaged Property

Houston • New York • Washington DC • Austin • Dallas • Los Angeles • Minneapolis • San Antonio • Hong Kong • London • Munich

 

 

Lehman Commercial Paper Inc., as Administrative Agent

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December 15, 2005

Page 2

	 	 	 	(collectively, the “Mortgage Amendments”); and
	 
	 	(5)	 	the Mortgages executed by the Borrower and the relevant trustee
in connection with each relevant New Mortgaged Property (collectively,
the “Deeds of Trust” and together with the Mortgage Amendments, the “Real
Property Documents”).

     The documents listed in items (1) through (3) above are hereinafter referred to
collectively as the “Loan Documents.” The documents listed in items (1) through (5)
above are hereinafter referred to collectively as the “Transaction Documents.”

     As to certain questions of fact relevant to the opinions expressed below, we have
relied upon statements and certificates of representatives of the Borrower and the other
Loan Parties, and of public officials and upon representations and warranties made in the
Transaction Documents (other than those which are expressed herein as our opinions). We
have examined such certificates of public officials and such other persons referred to
herein, and we have made no effort to verify independently the facts set forth in such
certificates and in the Transaction Documents; however, nothing has come to our knowledge
that contradicts any such facts. We have also assumed the due execution and delivery by
you, pursuant to due authorization by you, of the Transaction Documents to which you are
a party, and the enforceability against you of the Transaction Documents to which you are
a party or a beneficiary.

     In rendering the following opinions, we have assumed (i) the genuineness of all
signatures on the documents reviewed by us, (ii) the authenticity of all documents
submitted to us as originals, (iii) the conformity to the originals of all documents
submitted to us as copies, (iv) that each party to the Transaction Documents other than
the Loan Parties (A) is duly organized, validly existing and in good standing under the
laws of its jurisdiction of organization, (B) has full power, authority, and legal right
to execute, deliver, and perform its obligations under the Transaction Documents to which
it is a party, (C) has duly authorized by all requisite action its execution, delivery,
and performance thereof, and (D) pursuant to such authority, has duly executed and
delivered such Transaction Documents by its duly authorized officers, (v) the legal
capacity of all natural persons executing the Transaction Documents, and (vi) that there
are no oral or written statements or agreements that modify, amend or vary, or purport to
modify, amend or vary, any of the terms of the Transaction Documents.

     In rendering the opinions expressed herein, we have also assumed that with respect
to each Loan Party listed on Annex A attached hereto, (a) such Loan Party is validly
existing and in good standing as a corporation in its respective jurisdiction of
organization, (b) the execution and delivery by such Loan Party of each Transaction
Document to which it is a party, and the performance by such Loan Party of its
obligations thereunder, are within its corporate power and authority and have been duly
authorized by all corporate action, (c) the Transaction Documents to which such Loan
Party is a party have been duly executed and delivered by such Loan Party, and (d) the
execution and delivery of the Transaction Documents and the fulfillment of the respective
terms and conditions by such Loan Party, the consummation by such Loan Party of

 

 

Lehman Commercial Paper Inc., as Administrative Agent

The Lenders Party to the Credit Agreement

December 15, 2005

Page 3

the respective transactions contemplated thereby and the performance by such Loan Party
of its obligations under the Transaction Documents to which it is a party will not
result in a breach of, or constitute a default under, its respective organizational
documents.

     In rendering the opinions expressed herein, we have also assumed that (i) no order,
consent, approval, license or authorization of, or filing, recording or registration
with, or exemption by, any court, governmental body or authority, or any subdivision
thereof, is required to authorize or is required in connection with, the execution and
delivery by any person or entity identified in any Transaction Document as a party
thereto, or in connection with the performance of its obligations thereunder or the
consummation of the transactions contemplated thereby, other than those that have been
obtained or made and are in full force and effect (provided, that we make no such
assumption with respect to consents, authorizations or approvals and the like applicable
to the Loan Parties to the extent expressed in our opinion rendered in paragraph 6
below), and (ii) the Administrative Agent has been and is the duly appointed agent of
each of the other Lenders.

     Based upon the foregoing, and upon an examination of such questions of law as we
have considered necessary or appropriate for the purpose of this opinion, and subject to
the assumptions, exceptions, qualifications and limitations set forth herein, we advise
you that, in our opinion:

	 	1.	 	Each of the Borrower and Holdings is duly organized,
validly existing and in
good standing as a corporation in the State of Delaware.
	 
	 	2.	 	The execution and delivery by each of the Borrower and
Holdings of each
Transaction Document to which it is a party, and its performance of its
obligations
thereunder and the granting of the security interests to be granted by it
pursuant to
the Real Property Documents, are within its corporate power and authority
and
have been duly authorized by all requisite corporate action.
	 
	 	3.	 	Each Transaction Document to which Borrower or Holdings
is a party has been
duly executed and delivered by each of the Borrower or Holdings, as the
case may
be.
	 
	 	4.	 	Each of the Loan Documents constitutes the legal, valid
and binding obligation of
each Loan Party that is a party thereto, enforceable against each such
Loan Party
in accordance with its respective terms.
	 
	 	5.	 	The execution and delivery of the Transaction Documents
and the fulfillment of
the respective terms and conditions thereof by each Loan Party, its
borrowings in
accordance with the Loan Documents, the granting of the security
interests to be
granted by it pursuant to the Real Property Documents, and the
performance
by
each such Loan Party of its payment obligations under the Transaction

 

 

Lehman Commercial Paper Inc., as Administrative Agent

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December 15, 2005

Page 4

	 	 	 	Documents to which such Loan Party is a party, (i) will not result in the
case of the Borrower or Holdings in any violation of (A) its
Organizational Documents or (B) any federal or New York statute or the
General Corporation Law of the State of Delaware or any rule or
regulation issued pursuant to any New York or federal statute or the
General Corporation Law of the State of Delaware or any order known to us
issued by any court or Governmental Authority and (ii) in the case of
each Loan Party, will not conflict with or constitute a default under, or
result in the creation of any lien or security interest in its properties
pursuant to, the terms of any agreement listed on Annex B. For purposes
hereof, the term “Organizational Documents” shall mean the respective
certificate of incorporation and bylaws of Borrower and Holdings;
provided, however, notwithstanding the foregoing, for purposes hereof the
term “Organizational Documents” shall only be deemed to refer to these
documents that have been attached to the secretary’s certificates of the
Borrower and Holdings delivered to counsel for the Administrative Agent
concurrently herewith, or, if Holdings does not deliver such certificate,
the secretary’s certificate delivered by Holdings upon the original
closing of the Credit Agreement.
	 
	 	6.	 	No consent, authorization or approval or other action by,
and no notice to or filing with, any New York State or United States
Governmental Authority under any Applicable Law (as defined below), is
required in connection with the due execution and delivery by any Loan Party
of the Third Amendment, the borrowings by any Loan Party in accordance with
the terms of the Loan Documents, or the performance of its payment
obligations thereunder, all of which, except filings required to be made in
connection with (i) the Real Property Documents, (ii) the New Mortgaged
Properties and existing Mortgaged Properties affected by the transactions
contemplated by the Third Amendment and (iii) the consents, waivers,
approvals, filings and registrations described on Schedule 4.4 to the Credit
Agreement, have been obtained, filed or made and, to the best of our
knowledge, remain in full force and effect.
	 
	 	7.	 	To our knowledge, there is no pending or threatened
action, suit or proceeding against any Loan Party before any court,
arbitrator, or Governmental Authority which purports to question the
validity of the Loan Documents.
	 
	 	8.	 	None of the Loan Parties is an “investment company” as
such term is defined in the Investment Company Act of 1940, as amended. None
of the Loan Parties is a “holding company”, or a “subsidiary company” of a
“holding company”, as such terms are defined in the Public Utility Holding
Company Act of 1935, as amended.
	 
	 	9.	 	The execution and delivery of the Third Amendment by the
Borrower and the making of the Loans under the Credit Agreement will not
violate Regulations T,

 

 

Lehman Commercial Paper Inc., as Administrative Agent

The Lenders Party to the Credit Agreement

December 15, 2005

Page 5

          U and X of the Board of Governors of the Federal Reserve System.

     The foregoing opinions are subject to the following assumptions, exceptions,
qualifications and limitations:

A. The foregoing opinions are limited to matters under and governed by the laws of
the State of New York, the General Corporation Law of the State of Delaware, and
applicable
Federal laws of the United States of America which, in our experience, are normally
applicable
to the transactions provided for in the Loan Documents, in each case, however, exclusive
of, and
without regard to, any Excluded Laws (collectively, the “Applicable Laws”). The term
“Excluded Laws” means all (1) municipal, political subdivision (whether at the federal,
state,
regional or local level), local and county ordinances, statutes, administrative
decisions, laws,
rules and regulations, and (2) statutes, laws, rules and regulations relating to
securities, in each
case with respect to each of the foregoing, (i) as interpreted, construed or enforced
pursuant to
any judicial, arbitral or other decision or pronouncement, (ii) as in effect in any
jurisdiction,
including, without limitation, any State of the United States of America and the United
States of
America, and (iii) including, without limitation, any and all authorizations, permits,
consents,
applications, licenses, approvals, filings, registrations, publications, exemptions and
the like
required by any of them. To the extent that any of the Transaction Documents is governed
by
the laws of any jurisdiction other than the federal laws of the United States or the law
of the State
of New York, our opinion relating to those documents is based solely upon the plain
meaning of
their language, without regard to interpretation or construction that might be indicated
by the
laws governing those Transaction Documents. With respect to matters of Alabama law, we
understand that you will be relying upon the opinion of Adams and Reese LLP.

B. In rendering our opinions in paragraph 1 above with respect to existence and good
standing, we have relied solely upon the good standing certificates issued by the
Secretary of
State of the State of Delaware previously provided by our firm to counsel for the
Administrative
Agent, and such opinions are limited to the dates of such certificates.

C. The opinions in paragraph 4 above regarding the enforceability of the Loan
Documents are subject to the following:

	 	1.	 	The enforceability of the Loan Documents and the
enforceability of any security interests created thereby may be limited or
affected by (a) bankruptcy, insolvency, reorganization, moratorium,
liquidation, fraudulent transfer, fraudulent conveyance, preferential
transfer and other similar laws (including court decisions) now or hereafter
in effect and affecting the rights and remedies of creditors generally or
providing for the relief of debtors, (b) the refusal of a particular court
to grant or judicial discretion in granting (i) equitable remedies,
including, without limiting the generality of the foregoing, specific
performance and injunctive relief, or (ii) a particular remedy sought under
any of the Loan

 

 

Lehman Commercial Paper Inc., as Administrative Agent

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December 15, 2005

Page 6

	 	 	 	Documents as opposed to another remedy provided for therein or another
remedy available at law or in equity, and (c) general principles of
equity (regardless of whether such remedies are sought in a proceeding in
equity or at law).
	 
	 	2.	 	In rendering the foregoing opinions, we express no
opinion as to (a) provisions in
the Loan Documents that purport (i) to waive, affect or alter rights or
defenses of
any party which, in each case, as a matter of law or equity, may not be
waived,
affected or altered, or (ii) to establish evidentiary standards or
characterizations in
relation to terms in the Loan Documents, (b) the legality, validity,
enforceability
or binding effect of provisions of the Loan Documents prohibited by
public policy
or which might require indemnification or contribution for losses or
expenses
caused by gross negligence, willful misconduct, fraud or illegality of a
party
otherwise entitled to indemnification or contribution, (c) provisions in
the Loan
Documents that provide for the enforcement of any judgment in currency
other
than dollars, (d) the effect of any provision of the Loan Documents which
is
intended to permit modification thereof only by means of an agreement
signed in
writing by the parties thereto, or (e) provisions in the Loan Documents
that
provide that any Person purchasing a participation from a Lender or other
Person
may exercise set-off or similar rights with respect to such participation
or that any
Lender or any other Person may exercise set-off or similar rights other
than in
accordance with applicable law.
	 
	 	3.	 	We note that the enforceability of specific provisions of
the Loan Documents may
be subject to standards of reasonableness, care and diligence and “good
faith”
limitations and obligations such as those provided in §§1-102(3), 1-203
and 1-208
and other provisions of the Uniform Commercial Code in effect in the
State of
New York, applicable principles of common law and judicial decisions.
	 
	 	4.	 	We have assumed that the Lenders will enforce and perform
each Loan Document
in compliance with the provisions thereof and all requirements of
applicable law.
	 
	 	5.	 	In connection with the provisions of the Loan Documents
whereby the parties
submit to the jurisdiction of the courts of the United States of America
located in
the State of New York, we note the limitations of 28 U.S.C. §§1331 and
1332 on
subject matter jurisdiction of the federal courts. In connection with the
provisions
of the Loan Documents which relate to forum selection of the courts of
the United
States located in the Borough of Manhattan, City of New York and State of
New
York (including, without limitation, any waiver of any objection to venue
or any
objection that a court is an inconvenient forum), we note such court’s
discretion to
transfer an action from one federal court to another under 28 U.S.C.
§1404(a).

D. In rendering our opinion in paragraphs 5 and 9 above, we have assumed that the
Borrower will comply with the provisions of the Credit Agreement as to the use of Loan

 

 

Lehman Commercial Paper Inc., as Administrative Agent

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December 15, 2005

Page 7

proceeds.

E. We express no opinion herein as to the creation, perfection, priority or
enforceability of any Liens or security interests.

F. With respect to references herein to “known to us” or “to our knowledge” or
words or phrases of similar import (whether or not modified by any additional phrases),
such
references mean the actual, current knowledge of those attorneys of this Firm currently
responsible for the affairs of Holdings and the Borrower, after making any inquiries of
other
attorneys of this Firm that we consider appropriate for the opinions expressed herein. We
call
your attention to the fact that we have not reviewed the records of any federal, state or
county
Governmental Authority or any court records.

     The opinions expressed herein are solely for the benefit of, and may only be relied
upon by the Administrative Agent and the Lenders. This opinion may not be furnished to
(except in connection with any legal or arbitral proceedings or as may be required by
applicable law, and in such event, as shall be directed or required incident thereto
pursuant to a duly issued subpoena, writ, order or other legal process), or relied upon
by, any other Person without the prior written consent of this Firm. The opinions
expressed herein are as of the date hereof or, to the extent a reference to a certificate
or other document is made herein, to such date, and we make no undertaking to amend or
supplement such opinions as facts and circumstances come to our attention or changes in
the law occur which could affect such opinions.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	  	 	 
	 	Fulbright & Jaworski L.L.P. 	 
	 	 	 	 

 

 

	 	 	 	 	 

ANNEX A

ADDITIONAL LOAN PARTIES

Williamson Oil Co., Inc., an Alabama corporation

Liberty Wholesale Co., Inc., an Alabama corporation

Gasoline Associated Services, Inc., an Alabama corporation

 

 

ANNEX B

SCHEDULED AGREEMENTS

Distribution Service Agreement dated as of January 1, 2005 between MAPCO Express and
McLane Company, Inc. d/b/a McLane Grocery Distribution

RPC Agreement dated as of May 30, 2001 between MAPCO Express and Williams Refining &
Marketing, LLC

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