Contract

Exhibit 10.3

EXECUTION COPY

     AMENDMENT NO. 1 dated as of February 28, 2007 (this “Amendment”), to the Credit Agreement dated as of June 22, 2006 (the “Credit Agreement”), among ALON USA ENERGY, INC., a Delaware corporation (the “Company”), the lenders party thereto (the “Existing Lenders”) and CREDIT SUISSE, a bank organized under the laws of Switzerland, acting through its Cayman Islands branch, as administrative agent and collateral agent (the “Administrative Agent”).

          A. Pursuant to the Credit Agreement, the Existing Lenders have extended credit to the Borrower.

          B. The Company has informed the Administrative Agent that Paramount Petroleum Corporation, a Delaware corporation and a wholly owned subsidiary of the Company (“Paramount”), intends to amend and restate its Amended and Restated Credit Agreement dated as of July 26, 2005, among Paramount, the lenders party thereto, Bank of America, N.A., as administrative agent, and certain other parties thereto (as heretofore amended, the “BofA Credit Agreement”). The amendment and restatement of the BofA Credit Agreement is being referred to herein as the “BofA Facility Refinancing”, and the resulting amended and restated BofA Credit Agreement is being referred to herein as the “New BofA Credit Agreement”.

          C. The Company has further informed the Administrative Agent that, in connection with the BofA Facility Refinancing, (a) the Specified Subsidiaries (as defined below) will be released from their obligations (including their obligations as guarantors, grantors and pledgors) under or with respect to the Amended Revolving Credit Agreement dated as of June 22, 2006, among the Company, Alon USA, LP, certain other subsidiaries of the Company, the lenders party thereto, Israel Discount Bank of New York, as administrative agent, and certain other parties thereto (as heretofore amended, the “IDB Credit Agreement”), and (b) the Specified Subsidiaries will become guarantors, grantors and pledgors with respect to obligations under the New BofA Credit Agreement. The transactions set forth in this paragraph are being referred to herein as the “Specified Subsidiaries Transactions”.

          D. The Company has further informed the Administrative Agent that lenders to be party to the New BofA Credit Agreement have agreed to amend the Bank of America Intercreditor Agreement to eliminate provisions set forth therein whereby certain liens securing obligations under the Credit Agreement cease to be first priority liens, and become second priority liens, in respect of certain liens securing obligations under the BofA Credit Agreement upon the Administrative Agent, or Lenders, recovering $60,000,000 or more in respect of such liens (the elimination of such provisions being referred to herein as the “Priority Cap Release”).

          E. In connection with the foregoing, the Company has requested certain amendments to the Credit Agreement.

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          F. The Existing Lenders party hereto are willing to consent to such requested amendments upon the terms and conditions set forth herein.

          G. Capitalized terms used but not defined herein have the meanings assigned thereto in the Credit Agreement.

          Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:

          SECTION 1. Amendments to the Credit Agreement. (a) Section 1.01 of the Credit Agreement is hereby amended as follows:

     (i) The definition of the term “Paramount Guarantee and Collateral Condition” is hereby deleted in its entirety.

     (ii) The following definitions are hereby amended and restated in their entirety as follows:

     ”Bank of America Agreement” shall mean the Second Amended and Restated Credit Agreement dated as of February 28, 2007, by and among Paramount, certain of the other obligors hereunder, Bank of America, N.A., as agent, and the lenders party thereto.

     ”Bank of America Intercreditor Agreement” shall mean the Intercreditor Agreement dated as of August 4, 2006, between Bank of America, N.A. and Credit Suisse, acting through its Cayman Islands Branch, as the same may be amended, restated or otherwise modified in accordance with Section 2 of the First Amendment.

     (iii) The following definition is hereby added in appropriate alphabetical order:

     ”First Amendment” shall mean Amendment No. 1 to this Agreement, dated as of February 28, 2007, among the Borrower, the Agent and the Lenders party thereto.

     ”Specified Subsidiaries” shall mean Alon Asphalt Bakersfield, Inc., a Delaware corporation, Xxxxxxxxx Oil Company, LLC, a Delaware limited liability company, Paramount of Oregon, LLC, a Delaware limited liability company, and Paramount of Washington, LLC, a Delaware limited liability company.

          (b) Section 6.01(b)(2) of the Credit Agreement is hereby amended to replace the reference therein to “$455,000,000” with a reference to “$540,000,000”.

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          (c) Section 6.10 of the Credit Agreement is hereby amended and restated in its entirety as follows:

     “SECTION 6.10. Impairment of Security Interest. The Borrower shall not, and the Borrower shall not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission might or would have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Administrative Agent and the Lenders.”

          (d) Section 6.11 of the Credit Agreement is hereby amended to add at the end thereof the following:

“The Borrower shall not permit (a) any of the Specified Subsidiaries, to be obligated, directly or indirectly, under the IDB Credit Agreement or any other Loan Document (as defined in the IDB Credit Agreement), whether as a guarantor, grantor, pledgor or otherwise, or (b) any of the assets or properties of the Specified Subsidiaries to be subject to Liens securing any obligations under the IDB Credit Agreement or any such other Loan Document.”

          (e) Sections 6.01(e), 6.13 and 9.19 of the Credit Agreement are each hereby amended and restated in its entirety to read “[Reserved.]”.

          (f) Section 9.10 of the Credit Agreement is hereby amended to add at the end thereof the following:

“Notwithstanding anything to the contrary set forth in the Guarantee and Collateral Agreement, Section 7.19 of the Guarantee and Collateral Agreement shall have no force and effect and shall be deemed to have been deleted from the Guarantee and Collateral Agreement.”

          SECTION 2. Bank of America Intercreditor Agreement. The Administrative Agent is hereby authorized and instructed to enter into such amendments of the Bank of America Intercreditor Agreement as the Administrative Agent determines are appropriate in connection with the Priority Cap Release, the Specified Subsidiaries Transactions and the BofA Facility Refinancing, and each Lender will be bound by the Bank of America Intercreditor Agreement as so amended. The Bank of America Intercreditor Agreement as so amended (which amendment may be documented by means of a restatement thereof) is referred to herein as the “Amended Bank of America Intercreditor Agreement”.

          SECTION 3. Representations and Warranties. To induce the other parties hereto to enter into this Amendment, the Company represents and warrants to the Administrative Agent and the Lenders that, as of the Amendment Effective Date:

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     (a) The execution, delivery and performance by the Company of this Amendment has been duly authorized by all requisite corporate actions; that this Amendment has been duly executed and delivered by the Company; and that this Amendment and the Credit Agreement, as amended by this Amendment, constitute legal, valid and binding obligations of the Company, enforceable against it in accordance with its terms (subject to the applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

     (b) The representations and warranties set forth in Article III of the Credit Agreement and in each Loan Document are true and correct in all material respects on and as of the Amendment Effective Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relates to an earlier date.

     (c) The Company and each other Loan Party are in compliance in all material respects with all the terms and provisions set forth in the Credit Agreement and the other Loan Documents on its part to be observed or performed on or prior to the Amendment Effective Date, and on and as of the Amendment Effective Date, after giving effect to the terms of this Amendment, no Event of Default or Default has occurred and is continuing.

     (d) None of the Specified Subsidiaries are obligated, directly or indirectly, under the IDB Credit Agreement or any other Loan Document (as defined in the IDB Credit Agreement), whether as guarantor, grantor, pledgor or otherwise, and, subject only to the filing of the UCC termination statements referred to in Section 4(d) below, none of the assets or properties of the Specified Subsidiaries are subject to any Liens securing any obligations under the IDB Credit Agreement or any such other Loan Document.

          SECTION 4. Conditions Precedent; Effectiveness. The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent:

     (a) The Administrative Agent shall have executed a counterpart of this Amendment and shall have received counterparts of this Amendment executed on behalf of the Company and the Existing Lenders representing the Required Lenders.

     (b) The Administrative Agent shall have received a certificate, dated the Amendment Effective Date and signed by a Responsible Officer of the Company, confirming, as of the Amendment Effective Date, the accuracy of the representations set forth in Section 3 hereof.

     (c) The Administrative Agent shall have received a copy of the Amended Bank of America Intercreditor Agreement, executed by each of the parties thereto,

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and copies, certified by a Financial Officer, of the New Bank of America Credit Agreement and all guarantee and security documentation related to the New Bank of America Credit Agreement, all as in effect on the Amendment Effective Date.

     (d) The Administrative Agent shall have received evidence reasonably satisfactory to it that all Liens on the assets and properties of the Specified Subsidiaries securing obligations under the IDB Credit Agreement or any other Loan Document (as defined in the IDB Credit Agreement) have been released, and copies of properly completed UCC terminations statements terminating each of the UCC financing statements previously filed by the WC Collateral Agent (as defined in the IDB Credit Agreement) with respect to assets and properties of the Specified Subsidiaries.

     (e) The Administrative Agent shall have received evidence reasonably satisfactory to it that the Specified Subsidiaries have ceased to be party to the IDB Credit Agreement, the other Loan Documents (as defined in the IDB Credit Agreement) and the IDB Intercreditor Agreement.

          This Amendment shall become effective as of the first date (the “Amendment Effective Date”) on which each of the foregoing conditions precedent shall have been satisfied.

          SECTION 5. Effect of Amendment. (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or the Collateral Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.

          (a) On and after the Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import, and each reference to the Credit Agreement in any other Loan Document shall be deemed to be a reference to the Credit Agreement as amended hereby. This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

          SECTION 6. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 4 hereof. Delivery of an

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executed signature page to this Amendment by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Amendment.

          SECTION 7. APPLICABLE LAW. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

          SECTION 8. Headings. Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.

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

		ALON USA ENERGY, INC.,
		by		/s/ Xxxxxx X. Xxxx
				Name: Xxxxxx X. Xxxx
				Title: Vice President, Secretary and General Counsel
		CREDIT SUISSE, Cayman Islands Branch, individually and as Administrative Agent,
		by		/s/ Xxxxx Xxxxx
				Name: Xxxxx Xxxxx
				Title: Managing Director

SIGNATURE PAGE TO AMENDMENT NO. 1 TO
ALON USA ENERGY, INC. CREDIT AGREEMENT

		Name of Existing Lender:
		LANDMARK III CDO LTD,
		By Aladdin Capital Management, as Manager,
		by		/s/ Xxxxxxx X. Xxxxxx
				Name: Xxxxxxx X. Xxxxxx, CFA
				Title: Director
		LANDMARK VIII CDO LTD,
		By Aladdin Capital Management, as Manager,
		by		/s/ Xxxxxxx X. Xxxxxx
				Name: Xxxxxxx X. Xxxxxx, CFA
				Title: Director
		LANDMARK IX CDO LTD,
		By Aladdin Capital Management, as Manager,
		by		/s/ Xxxxxxx X. Xxxxxx
				Name: Xxxxxxx X. Xxxxxx, CFA
				Title: Director
		PACIFICA CDO VI, LTD,
		by		/s/ Olivier A. Tabouret
				Name: Olivier A. Tabouret
				Title: Sr. Vice President

		XXXXX FUNDING LLC,
		by		/s/ Xxxxxxxxx X. Xxxxxxx
				Name: Xxxxxxxxx X. Xxxxxxx
				Title: Assistant Vice President
		OSPREY CDO 2006-1 LTD., as Lender, BRIGHTWATER CAPITAL MANAGEMENT, as Collateral Manager,
		by		/s/ Xxxxxx Xxxxxxxx
				Name: Xxxxxx Xxxxxxxx
				Title: Managing Director
		by		/s/ Xxxxxx Xxxxx
				Name: Xxxxxx Xxxxx
				Title: Executive Director
		SIERRA CLO I,
		by		/s/ Xxxx X. Xxxxxxxxx
				Name: Xxxx X. Xxxxxxxxx Title: Senior Managing Director
				Xxxxxxxxx Pacific, Manager
		SIERRA CLO II,
		by		/s/ Xxxx X. Xxxxxxxxx
				Name: Xxxx X. Xxxxxxxxx
				Title: Senior Managing Director
				Xxxxxxxxx Pacific, Manager

	SHASTA CLO I,
	by	/s/ Xxxx X. Xxxxxxxxx
		Name:	Xxxx X. Xxxxxxxxx
		Title:	Senior Managing Director Xxxxxxxxx Pacific, Manager

	WB LOAN FUNDING 4, LLC,
	by	/s/ Xxxxx X. Xxxxx
		Name:	Xxxxx X. Xxxxx
		Title:	Associate

	THE CIT GROUP/EQUIPMENT FINANCING, INC.,
	by	/s/ Xxxxxxx Xxxxx
		Name:	Xxxxxxx Xxxxx
		Title:	Duly Authorized Signatory

	EAGLE MASTER FUND LTD., By Citigroup Alternative Investments LLC, as Investment Manager for and on behalf of Eagle Master Fund Ltd.,
	by	/s/ Xxxxx Xxx
		Name:	Xxxxx Xxx
		Title:	Vice President

	GRAND CENTRAL ASSET TRUST, EAP SERIES,
	by	/s/ Xxx Xxxxx
		Name:	Xxx Xxxxx
		Title:	Attorney-in-fact

	GRAND CENTRAL ASSET TRUST, ECL SERIES,
	by	/s/ Xxx Xxxxx
		Name:	Xxx Xxxxx
		Title:	Attorney-in-fact

	LMP CORPORATE LOAN FUND, INC., By Citigroup Alternative Investments LLC,
	by	/s/ Xxxxx Xxx
		Name:	Xxxxx Xxx
		Title:	Vice President

	SHINNECOCK CLO 2006-1, LTD.,
	by	/s/ Xxxxx Xxxxxx
		Name:	Xxxxx Xxxxxx
		Title:	Director of Operations

	CIFC FUNDING 2006-I, LTD., CIFC FUNDING 2006-IB, LTD., CIFC FUNDING 2006-II, LTD.,
	by	/s/ Xxxxxxxxx Xxxx
		Name:	Xxxxxxxxx Xxxx
		Title:	Head of Underwriting
	EAGLE CREEK CLO, LTD.,
	by	/s/ Xxxxxx X. Xxxxx
		Name:	Xxxxxx X. Xxxxx
		Title:	Authorized Xxxxxx
	FALL CREEK CLO, LTD.,
	by	/s/ Xxxxxx X. Xxxxx
		Name:	Xxxxxx X. Xxxxx
		Title:	Authorized Xxxxxx
	DUNES FUNDING LLC,
	by	/s/ Xxxxxxxxx X. Xxxxxxx
		Name:	Xxxxxxxxx X. Xxxxxxx
		Title:	Assistant Vice President
	NANTUCKET CLO I LTD. By: Fortis Investment Management USA, Inc., as Attorney in Fact
	by	/s/ Xxxxxxx Xxxxx
		Name:	Xxxxxxx Xxxxx
		Title:	Vice-President

	NANTUCKET CLO II LTD. By: Fortis Investment Management USA, Inc., as Attorney in Fact
	by	/s/ Xxxxxxx Xxxxx
		Name:	Xxxxxxx Xxxxx
		Title:	Vice-President
	BRENTWOOD CLO LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management, X.X.

	XXXXXXXX CLO, LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management, L.P.
	EMERALD ORCHARD LIMITED
	by	/s/ Xxxx Xxxxx
		Name:	Xxxx Xxxxx
		Title:	Authorized Signatory
	GRAND CENTRAL ASSET TRUST, HLD SERIES,
	by	/s/ Xxxxx Xxxxxxx
		Name:	Xxxxx Xxxxxxx
		Title:	Attorney-in-Fact
	XXXXXXX CLO, LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management X.X.

	XXXXXXXX CLO LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management L.P.
	HIGHLAND CREDIT OPPORTUNITIES CDO LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management L.P.
	HIGHLAND CREDIT STRATEGIES FUND,
	by	/s/ M. Xxxxx Xxxxxxxxx
		Name:	M. Xxxxx Xxxxxxxxx
		Title:	Treasurer

	HIGHLAND FLOATING RATE LLC,
	by	/s/ M. Xxxxx Xxxxxxxxx
		Name:	M. Xxxxx Xxxxxxxxx
		Title:	Treasurer
	HIGHLAND FLOATING RATE ADVANTAGE FUND,
	by	/s/ M. Xxxxx Xxxxxxxxx
		Name:	M. Xxxxx Xxxxxxxxx
		Title:	Treasurer
	RED RIVER CLO LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management L.P.
	ROCKWALL CDO II LTD., By Highland Capital Management, L.P., as Collateral Manager, By Strand Advisors, Inc., its General Partner,
	by	/s/ Xxxxx Xxxxxxxx
		Name:	Xxxxx Xxxxxxxx
		Title:	Treasurer Strand Advisors, Inc., General Partner of Highland Capital Management L.P.

	IKB CAPITAL CORPORATION,
	by	/s/ Xxxxx Xxx
		Name:	Xxxxx Xxx
		Title:	Vice President
	KKR FINANCIAL CLO 2005-1, LTD.,
	by	/s/ Xxxxxxxx X. Xxxxx
		Name:	Xxxxxxxx X. Xxxxx
		Title:	Authorized Signatory
	KKR FINANCIAL CLO 2005-2, LTD.,
	by	/s/ Xxxxxxxx X. Xxxxx
		Name:	Xxxxxxxx X. Xxxxx
		Title:	Authorized Signatory
	NORTHGATE B.V.,
	by	/s/ Xxx Xxxxx
		Name:	Xxx Xxxxx
		Title:	Attorney-in-fact
	GANNETT PEAK CLO I, LTD., By XxXxxxxxx Investment Management, LLC, as Investment Manager,
	by	/s/ Xxxxxxxx X. Xxxx
		Name:	Xxxxxxxx X. Xxxx
		Title:	Vice President

	METROPOLITAN LIFE INSURANCE COMPANY,
	by	/s/ Xxxxxxx X. XxXxxxxx
		Name:	Xxxxxxx X. XxXxxxxx
		Title:	Director
	XXXXXX XXXXXXX SENIOR FUNDING, INC.,
	by	/s/ Xxxxxxx Xxxxxxx
		Name:	Xxxxxxx Xxxxxxx
		Title:	Vice President
	NATIONWIDE LIFE INSURANCE COMPANY,
	by	/s/ Xxxxxx X. Xxxxxx
		Name:	Xxxxxx X. Xxxxxx
		Title:	Vice President
	RIVENDELL CBNA LOAN FUNDING LLC, for itself or as agent for Rivendell CFPI Loan Funding LLC,
	by	/s/ Xxx Xxxxx
		Name:	Xxx Xxxxx
		Title:	Attorney-in-fact

	NAVIGARE FUNDING I CLO, LTD., By Navigare Partners LLC, its Collateral Manager
	by	/s/ Xxxxx X. Xxxxxxx
		Name:	Xxxxx X. Xxxxxxx
		Title:	Managing Director
	FAIRWAY LOAN FUNDING COMPANY, By Pacific Investment Management Company LLC, as its Investment Advisor,
	by	/s/ Xxxxxx Y. D. Ong
		Name:	Xxxxxx Y. D. Xxx
		Title:	Senior Vice President
	GLOBAL ENHANCED LOAN FUND S.A., By Pacific Investment Management Company LLC, as its Investment Advisor,
	by	/s/ Xxxxxx Y. D. Ong
		Name:	Xxxxxx Y. D. Xxx
		Title:	Senior Vice President
	PIMCO FLOATING RATE INCOME FUND, By Pacific Investment Management Company LLC, as its Investment Advisor, acting through Investors Fiduciary Trust Company in the Nominee Name of IFTCO,
	by	/s/ Xxxxxx Y. D. Ong
		Name:	Xxxxxx Y. D. Xxx
		Title:	Senior Vice President

	PIMCO FLOATING RATE STRATEGY FUND, By Pacific Investment Management Company LLC, as its Investment Advisor, acting through Investors Fiduciary Trust Company in the Nominee Name of IFTCO,
	by	/s/ Xxxxxx Y. D. Ong
		Name:	Xxxxxx Y. D. Xxx
		Title:	Senior Vice President
	ROSEDALE CLO, LTD., By Princeton Advisory Group, Inc., the Collateral Manager acting as attorney-in-fact,
	by	/s/ Xxxxxxxx Xxxxxx
		Name:	Xxxxxxxx Xxxxxx
		Title:	Vice President
	APIDOS CDO III, By its Investment Advisor, Apidos Capital Management, LLC,
	by	/s/ Xxxx X. Xxxxxxxxx
		Name:	Xxxx X. Xxxxxxxxx
		Title:	Managing Director
	APIDOS CDO IV, By its Investment Advisor, Apidos Capital Management, LLC,
	by	/s/ Xxxx X. Xxxxxxxxx
		Name:	Xxxx X. Xxxxxxxxx
		Title:	Managing Director

	APIDOS CDO V, By its Investment Advisor, Apidos Capital Management, LLC,
	by	/s/ Xxxx X. Xxxxxxxxx
		Name:	Xxxx X. Xxxxxxxxx
		Title:	Managing Director
	APIDOS CINCO CDO, By its Investment Advisor, Apidos Capital Management, LLC,
	by	/s/ Xxxx X. Xxxxxxxxx
		Name:	Xxxx X. Xxxxxxxxx
		Title:	Managing Director
	APIDOS QUATTRO, By its Investment Advisor, Apidos Capital Management, LLC,
	by	/s/ Xxxx X. Xxxxxxxxx
		Name:	Xxxx X. Xxxxxxxxx
		Title:	Managing Director
	MOUNTAIN VIEW CLO II, LTD., By Seix Advisors, a fixed income division of Trusco Capital Management, Inc., as Collateral Manager,
	by	/s/ Xxxxxx Xxxxxxxxx
		Name:	Xxxxxx Xxxxxxxxx
		Title:	PM, Seix Advisors

	MOUNTAIN VIEW CLO III, LTD., By Seix Advisors, a fixed income division of Trusco Capital Management, Inc., as Ramp-Up Investment Manager,
	by	/s/ Xxxxxx Xxxxxxxxx
		Name:	Xxxxxx Xxxxxxxxx
		Title:	PM, Seix Advisors
	MOUNTAIN VIEW CLO IV, LTD., By Seix Structured Products, LLC, as warehouse manager,
	by	/s/ Xxxxxx Xxxxxxxxx
		Name:	Xxxxxx Xxxxxxxxx
		Title:	VP, Seix Structured Products, LLC
	NOB HILL CLO, LIMITED,
	by	/s/ Xxxxxxx Xxxx
		Name:	Xxxxxxx Xxxx
		Title:	Portfolio Manager
	CORNERSTONE CLO LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory

	RAMPART CLO I LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory
	STONE TOWER CDO LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory
	STONE TOWER CDO II LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory
	STONE TOWER CLO IV LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory

	STONE TOWER CLO V LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory
	STONE TOWER CLO VI LTD., By Stone Tower Debt Advisors LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory
	STONE TOWER CREDIT FUNDING I LTD., By Stone Tower Fund Management LLC, as its Collateral Manager,
	by	/s/ Xxxxxxx X. Xxxxxxxxx
		Name:	Xxxxxxx X. Xxxxxxxxx
		Title:	Authorized Signatory
	ATLAS LOAN FUNDING 2, LLC, By Atlas Capital Funding, Ltd., By Structured Asset Investors, LLC, its Investment Manager,
	by	/s/ Xxxxx X. Xxxxx
		Name:	Xxxxx X. Xxxxx
		Title:	Associate

	ATLAS LOAN FUNDING 5, LLC, By Atlas Capital Funding, Ltd., By Structured Asset Investors, LLC, its Investment Manager,
	by	/s/ Xxxxx X. Xxxxx
		Name:	Xxxxx X. Xxxxx
		Title:	Associate
	SILVERADO CLO 2006-II, By Xxxxx Capital Management,
	by	/s/ Xxxxxxx X. Xxxxxxxxx III
		Name:	Xxxxxxx X. Xxxxxxxxx III
		Title:	Vice President
	XXXXX CAPITAL MGMT 16959700,
	by	/s/ Xxxxxxx X. Xxxxxxxxx III
		Name:	Xxxxxxx X. Xxxxxxxxx III
		Title:	Vice President
	XXXXX CAPITAL MGMT 16959701,
	by	/s/ Xxxxxxx X. Xxxxxxxxx III
		Name:	Xxxxxxx X. Xxxxxxxxx III
		Title:	Vice President

	WHITEHORSE II, LTD., By WhiteHorse Capital Partners, as Collateral Manager,
	by	/s/ Xxxxx X. Xxxxxxxxx
		Name:	Xxxxx X. Xxxxxxxxx, CFA
		Title:	Portfolio Manager
	WHITEHORSE IV, LTD., By WhiteHorse Capital Partners, as Collateral Manager,
	by	/s/ Xxxxx X. Xxxxxxxxx
		Name:	Xxxxx X. Xxxxxxxxx, CFA
		Title:	Portfolio Manager