ClimaChem, Inc. 16 South Pennsylvania Oklahoma City, OK 73107 405-235-4546 Fax: 405-236-1209 March 3, 2003 Todd L. Boehly, Managing Director Guggenheim Partners 135 East 57th Street, 9th Floor New York, New York 10022
ClimaChem, Inc.
00 Xxxxx Xxxxxxxxxxxx Xxxxxxxx Xxxx, XX 00000 000-000-0000
Fax: 000-000-0000
March 3, 2003
Xxxx X. Xxxxxx, Managing Director
Guggenheim Partners
000 Xxxx 00xx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
RE: Securities Purchase Agreement (the "SPA"), dated as of May 24, 2002, as amended, by and among ClimaChem, Inc. ("ClimaChem"), certain subsidiaries of ClimaChem, LSB Industries, Inc., as guarantor, the Purchasers identified therein and Guggenheim Investment Management, LLC, as Collateral Agent 9;
Dear Xxxx:
This letter shall serve to document the consent by Guggenheim Investment Management, LLC, as collateral agent and the Purchasers that are party to the SPA, to the increase in Capital Expenditures, as defined under the SPA, to $11,240,000 for the 12-month period ending each fiscal quarter after the date of the SPA. Please confirm your consent to the foregoing by signing below where indicated. Thank you.
Sincerely,
Xxxxx X. Xxxxx
General Counsel
AGREED TO AND ACKNOWLEDGED:
_____________________________________
Xxxx X. Xxxxxx, Managing Director for
the Purchasers and Collateral Agent